Wed.Aug 10, 2022

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Can payments embrace both innovation and security?

Accenture

It’s an exciting time to be in payments—new technologies and business models are opening up more opportunities and markets. But that excitement is often tempered by concerns that efforts to capture compelling business opportunities may expose the new venture—and the firm—to unnecessary cybersecurity risk. But what if both the business and cyber teams were fully….

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BNPL faces headwinds from rising rates, inflation: Fitch

Payments Dive

Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

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Finally, a Cooler CPI Report

South State Correspondent

Finally, a Cooler CPI Report. For the first time in what seems like forever, CPI came in cooler than expected and markets, both Treasuries and stocks, are rallying as a result. The overall inflation rate was unchanged for the month versus the 1.3% increase in June and better than the 0.2% expected. It’s the lowest monthly overall reading since May 2020.

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Jack Henry & Associates buys Payrailz

Payments Dive

Jack Henry management expects the Payrailz purchase to help its bank, credit union and other financial institution clients modernize their payments services.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Intix expands to Asia Pacific

Bobsguide

Intix expands to Asia Pacific and announces opening of Singapore office. We are delighted to announce that following our remarkable growth, we are expanding our global footprint with the set-up of our Intix office in Singapore. Marc Braet, co-founder and CEO of Intix explains the company ambitions: “Following numerous implementations with global banks, we have decided to expand our presence in Asia Pacific and set up a dedicated APAC team in Singapore”.

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GFT a Leader in the 2022 SPARK MATRIX for Digital Banking Services by Quadrant Knowledge Solutions

Bobsguide

GFT has been identified as a leader in the field of digital banking by analyst firm Quadrant knowledge solutions. Cloud native digital banking solutions have set new standards in the industry. New banking entities can now be set up in as little as twelve weeks – compared to years when using legacy technology. Analyst firm Quadrant knowledge solutions recognises GFT as a leader for digital banking solutions in a new report.

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Verto launches new API solution for FX and cross-border payments

The Paypers

B2B cross-border payments and FX enabler Verto has announced the launch of its new API solution, to help businesses to automate currency conversion, global payouts, and beneficiary management.

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Citizens National among 7 community banks shifting to Jack Henry platform

BankInovation

The $613 million Citizens National Bank, a community bank in Somerset, Ky., was among seven banks to implement Jack Henry’s Banno digital banking platform in June, according to an FI Navigator report provided to Bank Automation News. The other six financial institutions include: $300 million Town and Country Bank, based in Las Vegas; $225 million […].

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Ethereum attracts investors as it merges 2.0 Beacon Chai

The Paypers

Ethereum has announced it will merge its mainnet with the Ethereum 2.0 Beacon Chai, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The move is attracting investors.

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The State of Automation in Financial Services 2024 Report

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

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Vista Equity to buy tax compliance automation provider Avalara

BankInovation

Global investment firm Vista Equity Partners announced Monday its plans to acquire tax compliance automation provider Avalara for $8.4 billion. Through the deal, which was unanimously approved by Avalara’s board of directors, Vista will acquire all of Avalara’s outstanding shares of common stock for $93.50 per share in an all-cash transaction, according to an Avalara […].

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Funding-as-a-Service enabler Astra integrates with Visa Direct

The Paypers

US-based instant card-to-card Funding-as-a-Service Astra has announced it is using Visa Direct – Visa’s real-time payments service.

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FIs hit up universities for tech talent

BankInovation

Financial institutions including TD Bank and Bank of America are looking to universities to fill technology roles, providing on-the-job training and eventual job placement for college students. The $1.4 trillion TD Bank, for one, launched a new technology hub at Nova Southeastern University in Fort Lauderdale, Fla., in April to tap into its ongoing relationship […].

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Survey: Community bank CEOs focused on growing loans

ABA Community Banking

A new survey of more than 100 top executives at community and regional banks and credit unions found that a majority list growing loans as their top strategic priority. The post Survey: Community bank CEOs focused on growing loans appeared first on ABA Banking Journal.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Covid to Cost-of-Living: Assessing Affordability in Uncertain Times

FICO

Home. Blog. FICO. Covid to Cost-of-Living: Assessing Affordability in Uncertain Times. The removal of the mortgage market affordability test in the UK could pose challenges at a time when affordability is an important lending issue. FICO. Tue, 07/02/2019 - 02:45. by Matt Cox. expand_less Back To Top. Wed, 08/10/2022 - 11:55. As the pandemic finally starts to abate and related restrictions, as well as support, eases around the globe, we’ve moved swiftly into a global cost-of-living crisis.

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Mercado Libre expands crypto offering across LATAM

The Paypers

Mercado Libre , Latin America’s ecommerce company, has announced plans to expand its crypto trading feature across the region after a successful start in Brazil.

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Taking over REI credit card, Capital One drops mobile payment incentive

American Banker

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Sabre acquires Conferma Pay

The Paypers

US-based travel technology company Sabre has acquired payments company Conferma Pay in an undisclosed deal to offer a stronger value proposition for travel agencies.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Plaid deal lets Wise customers use fintech apps bank-free

American Banker

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Scotiabank launches Scotia TranXact digital payments platform

The Paypers

Canada-based Scotiabank has launched the TranXact digital payments platform in a bid to provide banking clients access to its payments and cash management APIs.

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Latest global banking news

American Banker

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epay selects Fraugtser for AI fraud prevention services

The Paypers

epay , a segment of Euronet Worldwide , has selected Fraugster , a payment intelligence company, to pilot artificial intelligence fraud prevention services.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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M&A jitters abound, but some banks forge ahead

American Banker

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Apple Pay enters Malaysia

The Paypers

Technology giant Apple has announced that its in-house built online payment solution, Apple Pay , is now available to customers from the Malaysian market.

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CFPB warns of risk from data-hungry payment apps and lenders

American Banker

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Netcetera enables payments in the Middle East with PayTabs acquisition

The Paypers

Switzerland-based software company Netcetera has announced enabling payments in the Middle East with its acquiring server solution 3DS for PayTabs.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.