Gucci expands crypto payment options to ApeCoin, Euro Coin
Payments Dive
AUGUST 4, 2022
More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.
Payments Dive
AUGUST 4, 2022
More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.
BankBazaar
AUGUST 4, 2022
If you missed the July 31 st deadline for income tax return filing, here’s what you need to know. Long story short – you snooze, you lose. The deadline for filing your income tax return for the assessment year 2022-23 was July 31 st , 2022. In case you were hoping for an extension, the government reiterated that there would be no extension this time around.
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Payments Dive
AUGUST 4, 2022
The payments processor cut employees in the first half of the year and shouldered higher severance expense, following a string of acquisitions in recent years.
SWBC's LenderHub
AUGUST 4, 2022
While there has been discussion for months about the possibility of recession late this year or early next, until early July, this was far from certain. However, recent higher inflation data and monetary policy action has made the probability of recession exceed 90%. The only questions now are when it will start, how long it will last, and how severe it will be.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
Payments Dive
AUGUST 4, 2022
The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Paypers
AUGUST 4, 2022
Global popular social media platform Meta (Facebook) has announced it is shutting down its live shopping feature as of October 2022, to further focus on the platform’s Reels.
CFPB Monitor
AUGUST 4, 2022
We first review the views expressed by Director Chopra and CFPB actions taken under his leadership that led the Chamber to launch its campaign. We then discuss the campaign’s specific components, which consist of digital ads, Freedom of Information Act requests, and letters to Director Chopra. Our discussion includes an in-depth look at the basis for the Chamber’s view that the CFPB has acted unlawfully in connection with changes to its UDAAP examination procedures, revisions to its rules for
The Paypers
AUGUST 4, 2022
Thoma Bravo , a US-based private equity and growth capital firm, has acquired Ping Identity , an identity management company, in a USD 2.8 billion deal.
CFPB Monitor
AUGUST 4, 2022
The Federal Trade Commission (“FTC”) is seeking public comment on proposed changes to its guides concerning the use of endorsements and testimonials in advertising. FTC guides are advisory in nature and intended to assist businesses in complying with laws administered by the FTC. . Endorsements and advertisements are defined broadly to mean any advertising message that a consumer is likely to believe reflects the opinions, beliefs, findings, or experiences of a third-party. 16 CFR § 255.0.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Bussman Advisory
AUGUST 4, 2022
FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Meta confirms NFT rollout across 100 countries BlackRock enables crypto access through Coinbase integration Robinhood cutting about 23% of jobs.
BankInovation
AUGUST 4, 2022
Financial institutions’ interest in robotic process automation (RPA) has increased with the improving technology. The global RPA and hyper-automation market size will grow to $26 billion by 2027 from $9.2 billion in 2022, according to a recent?report?from research firm Markets and Markets. RPA can help banks save on labor costs and improve operational efficiencies.
The Paypers
AUGUST 4, 2022
UK-based Revolut has announced the addition of 22 new cryptocurrencies for its customers in the UK and the European Economic Region.
BankInovation
AUGUST 4, 2022
Core provider FIS increased its banking solutions revenue in the second quarter and reported a strong appetite for technology investments among financial institutions. “We’re seeing the customers continue to have high demand for banking technology solutions because they’re wanting to drive their own digital transformation,” FIS President Stephanie Ferris said today during the company’s Q2 […].
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
The Paypers
AUGUST 4, 2022
Germany-based provider of identity proofing IDnow has received a new EUR 60 million debt facility from BlackRock.
BankInovation
AUGUST 4, 2022
Lowell, Ark.-based Arvest Bank is leveraging support from Google Cloud to launch an internal training program for current employees as its needs for technology-focused personnel and resources grows. “We’ve been doing a whole reskilling, upskilling program,” Laura Merling, chief transformation and operations officer at Arvest Bank, told Bank Automation News, noting that its recent partnership […].
CB Insights
AUGUST 4, 2022
After dropping 56% quarter-over-quarter (QoQ) in Q1’22, global insurtech funding stayed flat at $2.4B in Q2’22. Insurtech deals, however, did drop 16% QoQ to hit 132, the lowest count since Q4’20. Below, check out a handful of highlights from our 118-page, data-driven State of Insurtech Q2’22 Report. Clients can dig into deeper insights, all the record figures, and a ton of private market data by downloading the full report using the sidebar.
American Banker
AUGUST 4, 2022
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
CB Insights
AUGUST 4, 2022
Heating, ventilation, and air conditioning (HVAC) systems account for around 40% of all energy usage in commercial buildings. New digital sensor tech is enabling building managers to optimize these systems in a manner that aligns with sustainability goals. Download The State of Venture Q2 2022 report. First name. Last name. Email. Company name. Job Title.
The Paypers
AUGUST 4, 2022
US-based Open Payment Network (OPN) and North American Banking Company (NABC) have launched instant payments to and from any financial institution on TCH's Real Time Payment (TCH-RTP) network.
The Paypers
AUGUST 4, 2022
Eight US national trade groups have petitioned the Consumer Financial Protection Bureau (CFPB) to initiate a rulemaking to strengthen the privacy and security of consumer financial data held by fintechs, bigtech, and data aggregators, the official press release states.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
The Paypers
AUGUST 4, 2022
US-based global provider of HR technology solutions for screening, verifications, safety, and compliance First Advantage Corporation has partnered with Plaid, a data network powering the digital finance ecosystem.
The Paypers
AUGUST 4, 2022
US-based FinTech Automation has been approved as one of the initial technology integration partners for Open Banking on Mastercard ’s Engage partner network.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
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