Mon.Sep 19, 2022

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MoneyGram CEO bullish on stablecoins

Payments Dive

The money transfer company’s brick-and-mortar business is being displaced by digital payments, mobile wallets and use of stablecoins as bridge assets.

Mobile 329
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Fed Week Arrives

South State Correspondent

Fed Week Arrives. With another hawkish FOMC announcement due on Wednesday afternoon, Treasuries are not waiting around as the selling has already begun this morning. The 2yr Treasury is yielding 3.94%, a new cycle high, while the 10yr Treasury is trying to push above 3.50%. It peaked at 3.52% earlier this morning but currently sits at 3.48%. If 3.50% gives way the next line in the sand is 3.59%.

Meeting 195
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Instacart rolls out in-store tech enhancements

Payments Dive

Frictionless checkout and a more efficient shopping journey are core focuses under the new services, which include a scan-and-pay mobile checkout program.

Mobile 195
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Auriga to exhibit at MoneyLIVE Building Societies

Bobsguide

Auriga will be attending the MoneyLIVE Building Societies conference alongside leading banks and experts from across the industry on 20th September in Birmingham (The Studio, 7 Cannon) to supercharge collaboration for building societies. There will be over 100 attendees who will be exploring themes such as: operational resilience, data insights, and effective business models.

Video 88
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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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Square adds services in Spanish

Payments Dive

The Block-owned merchant platform debuted its Spanish-language tools in an effort to serve a bigger share of Hispanic-owned businesses in the U.S.

Tools 195

More Trending

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Modern Treasury, Goldman Sachs team up

Payments Dive

The two companies want to target mid-size firms that find it too complex to build their own embedded payments service.

Payments 221
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Varenne Capital Partners Selects TS Imagine to Support its Trading Activities

Bobsguide

PARIS, 15 September 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, today announced that Varenne Capital, a Paris-based, process-driven, global investment manager, has selected TradeSmart OEMS, TS Imagine’s Order and Execution Management System, to support its trading activities. TradeSmart OEMS facilitates trading across multiple asset classes, increases execution capabilities, and empowers clients to handle even greater volumes.

Capital 88
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DOJ Issues Report on Digital Asset Law Enforcement Seeking Expansive New Powers, and Launches New Crypto Prosecutor Network

CFPB Monitor

On Friday, the Department of Justice (“DOJ”) announced two developments: First, the release of a 66-page report, The Role of Law Enforcement in Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets (the “Report”), issued under President Biden’s March 9, 2022 Executive Order on Ensuring Responsible Development of Digital Assets.

Report 78
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GFT Advances in 2022 IDC FinTech Rankings

Bobsguide

Banks are depending on the cloud to build better systems for the future, but legacy technology is holding 62% of them back. The growing need to overhaul these systems is what powered GFT’s leap on the 2022 IDC FinTech Rankings. Continued adoption of GFT’s approach to reimagining banks’ current technology with core digital solutions moved the company up 14 spots this year, ranking #35 and earning recognition as a “Fast Track Fintech.”.

Fintech 68
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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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WayaPay launches digital bank for immigrants

The Paypers

WayaPay , a US-based Kenyan fintech, has launched its full-service digital bank and money transfer app targeting African immigrants.

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Lenders must satisfy regulators’ cloud inquiries, Truist’s Elliott says

BankInovation

SEATTLE — Lenders migrating to the cloud must fully understand their technology in order to satisfy potential inquiries from regulators, Bryce Elliott, Truist’s Chief Information Officer for Wholesale and Enterprise Payments, said today during the Bank Automation Summit Fall event in Seattle. “Regulatory bodies, whether internal or external, are always going to want to know: Do you know […].

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Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F

FICO

Home. Blog. FICO. Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F. Reg F isn't a hurdle to adjust to and live with. It's an opportunity to improve the way you interact and engage with your customers. Embrace it. FICO Admin. Tue, 07/02/2019 - 02:45. by Cyril Cherian. expand_less Back To Top. Mon, 09/19/2022 - 15:00. The U.S.

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3 themes at Bank Automation Summit Fall 2022

BankInovation

SEATTLE — Bank Automation Summit Fall 2022 kicks off today with a fireside chat featuring U.S. Bank Chief Technology Officer Ian Eslick. The two-day event will also include panel discussions, presentations and networking opportunities around three key themes: Enhancing the development of automated processes Banks are looking to citizen developers for innovative automation solutions as […].

Seattle 52
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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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India and Singapore sign an agreement for fintech cooperation

The Paypers

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) have signed an agreement for fintech cooperation.

Fintech 41
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UK credit card borrowing a potential minefield for regulated firms

The Banker

Inflation and the rocketing cost of living are putting a strain on spending, creating issues for consumers and firms alike. Analysis by Charlotte Pope-Williams.

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Broadridge and Coinbase partner for an integrated trading solution

The Paypers

US-based Broadridge has partnered with crypto exchange Coinbase to enable interoperability between Coinbase Prime and the NYFIX order-routing network.

US 41
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Inside JPMorgan's payments technology spree

American Banker

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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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Gartner predicts mainstream BaaS adoption within two years

The Paypers

New research from technological research and consulting company Gartner has predicted that BaaS adoption rate will become common within two years.

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GreenState Credit Union in Iowa cuts 5% of workforce due to rising rates

American Banker

Iowa 69
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OneSpan launches face-to-face transactions via virtual room

The Paypers

US-based OneSpan , a digital agreements security company, has announced the launch of its Virtual Room cloud service enabling organisations to deliver live, high-quality assistance to customers in a secure virtual environment.

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Why NCR is splitting in half

American Banker

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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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C24 Bank introduces virtual Mastercard 

The Paypers

Germany-based Open Banking platform C24 Bank , and a subsidiary of the comparison portal CHECK24 Group, has announced offering its customers up to 8 virtual cards in addition to the physical Mastercard.

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'We're trying to fight rhetoric with fact': Group defends online lenders

American Banker

Groups 69
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Ratio raises USD 411 mln to transform B2B SaaS payments

The Paypers

US-based fintech Ratio has emerged from stealth and secured a USD 11 mln venture funding and USD 400 mln credit facility to augment B2B SaaS Payments, financing, and pricing.

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M&T Bank again faces a backlash in Connecticut

American Banker

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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.