Tue.Oct 11, 2022

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Fiserv cuts deeper into workforce

Payments Dive

Payment processing giant Fiserv pared more employees in recent weeks as the company seeks to boost profit margin growth amid economic turmoil.

Payments 418
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2022 ATM & Self-Service Software Trends

ATM Marketplace

The world is finding its way to a new normal and the role ATMs have in our society is as well. While cash is still very popular, the events of the last few years have supercharged a shift in the way banks and ATMs provide services customers. Download this report to see the latest trends.

ATM 107
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Payments deals gain momentum

Payments Dive

Four billion-dollar payments acquisitions this year reflect industry dynamics that will drive more buyouts in coming months, analysts say.

Payments 284
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ATMs deliver cash recycling, management needs

ATM Marketplace

Despite rumors to the contrary, consumers still want cash access and as a result the need for recycling and cash management is still great. ATMs can meet all of these needs.

ATM 102
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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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Another crypto CFO exits

Payments Dive

Brian Roberts is the latest in a series of finance executives stepping down from the chief financial officer seat at cryptocurrency companies.

More Trending

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Hollister app lets teens shop, parents pay

Payments Dive

The Abercrombie & Fitch Co. brand released the Share2Pay function based on company data about customer pain points.

Branding 195
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The Bank of England’s lifeboat is in choppy waters with its bond buying

TheGuardian

This pensions hedging crisis shows how the City never seems to equipped to handle the next big financial hazard Pension funds have found themselves embroiled in a byzantine world of exotic financial trading that many of them appear to have badly misunderstood. This morning a third rescue mission in little more than a fortnight was announced by the Bank of England, which is reprising its role in the 2008 financial crisis as the City’s lifeboat.

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Finastra connects to Contour, offering an enhanced digital trade finance network

Bobsguide

Finastra connects to Contour, offering an enhanced digital trade finance network. The integration brings together banks and corporates globally through a common digital network ecosystem, increasing access to trade finance while enabling seamless and secure transactions. London, UK – October 10, 2022 – Today at Sibos 2022 in Amsterdam, Finastra announced a strategic collaboration to integrate its Fusion Trade Innovation software with Contour, the global digital trade finance network, prov

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Industry season two, episode three recap – never go hunting with a banker!

TheGuardian

It’s nail-biting stuff this week, with Harper ‘touching the face of God’ and happier than we’ve ever seen her. But then there are the guns on that disastrous hunting trip … Spoiler alert: this recap is published after episode three of Industry season two airs on BBC One in the UK. Do not read on if you haven’t watched it. This week’s Industry finds us in “Richard Burton country”, in the time-honoured TV drama tradition of taking your antagonists, checking them into a Welsh country house and givi

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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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Alipay+ partners with Japan merchants to boost travel experience

The Paypers

China-based Ant Group , affiliate company of the Alibaba Group conglomerate and the owner of Alipay+ has announced it partnered with over one million merchants in Japan to create seamless travel experiences for international tourists.

Groups 68
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BankiFi, Axiom Bank partner for SMB banking

BankInovation

$649 million Axiom Bank is partnering with embedded finance platform BankiFi to allow its small-to medium-sized business (SMB) customers to quickly collect payments using digital tools while also gathering and organizing financial data. Manchester, England-based BankiFi was founded in 2017 and runs on APIs, is digitizing and automating processes for small businesses following its North […].

Tools 52
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Worldline and NPCI International partner to expand mobile payments reach

The Paypers

Worldline has started collaborating with NPCI International to expand acceptance of mobile payments for Indian tourists across Europe.

Mobile 74
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Deutsche Bank partners with IBM spinoff for cloud migration

BankInovation

Deutsche Bank is extending its nearly 20-year partnership with information technology firm Kyndryl to support the bank’s cloud migration, according to an announcement today. The $1.4 trillion bank is leveraging the managed infrastructure services platform to integrate automation, security technologies, workflows, tooling, data integration and cloud-computing capabilities as it embarks on a long-term cloud journey, […].

Tools 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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Railsr partners with SurePay to enable Confirmation of Payee

The Paypers

UK-based embedded finance enabler Railsr has increased fraud protection for customers using UK Faster Payments (UKFP) by selecting SurePay as its Con?rmation of Payee vendor.

Fraud 41
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Listen: Bank and fintech partnerships drive innovation

BankInovation

Banks and fintechs are realizing in today’s volatile economic environment that they need each other to survive, which is spurring innovative partnerships. Data-sharing is a natural starting point for banks and fintechs to look for interoperability, Vijay Sondhi, CEO of payment platform provider NMI, tells Bank Automation News in this episode of "The Buzz" podcast. […].

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Google Cloud partners Coinbase to offer Web3 innovation

The Paypers

Google Cloud and Coinbase have announced a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers, by building exchange and data services.

Google 36
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Automation to Detect and Stop Fraudulent Transactions

BankInovation

At the Bank Automation Summit, Informed’s Director of Auto Lending Strategy, Jessica Gonzalez, joined Kevin Faragher, Senior Director of Product and Strategy at Ally Financial on a panel moderated by Whitney McDonald, Deputy Editor Of Bank Automation News. Here is part of the discussion. Whitney – What types of fraud are rising? Jessica can you […].

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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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ECB and People's Bank of China extend currency swap arrangement

The Paypers

The European Central Bank (ECB) and the People’s Bank of China (PBC) have decided to extend their bilateral euro-renminbi currency swap arrangement for another three years until 8 October 2025.

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PayPal made a big upgrade to its U.S. tech. Did anybody notice?

American Banker

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IBM and Tietoevry announce collaboration

The Paypers

IBM and Tietoevry have announced a technology and consulting collaboration for its financial technology software unit Tietoevry Banking.

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OCC's Hsu warns against commingling banks and crypto

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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ComplyAdvantage and Resistant AI partner on new fraud solution

The Paypers

UK-based fraud prevention company Resistant AI and ComplyAdvantage has made their solution for fighting financial crime available across the US and Europe.

Fraud 36
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Small bank developing data dashboard to take on larger rivals

American Banker

Data 74
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Lettings in a box teams up with Nordigen

The Paypers

Lettings in a box , a referencing software, has teamed up with Nordigen , an Open Banking provider, to improve their application and assessment processes.

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State Street hires ex-Google, Wells Fargo executive to head compliance

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.