Payments Dive
OCTOBER 18, 2022
“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based Wise executive.
Abrigo
OCTOBER 18, 2022
Streamlining the construction loan process Construction d raw s oftware helps lenders and contractors to automate the construction loan management. . You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction draw management software can increase lender efficiency and reduce risk by saving time.
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Payments Dive
OCTOBER 18, 2022
With the company set to report third-quarter results next week, ongoing employee cuts have put severance expense under the microscope.
Abrigo
OCTOBER 18, 2022
Top benefits of construction loan software for bankers and clients Why many banks and credit unions are turning to fintech for construction loan automation. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loans are considered risky because they involve long-term exposure to collateral, often with no other tangible assets.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Payments Dive
OCTOBER 18, 2022
The digital payments pioneer is trying to rope in customers with rewards via a new loyalty program, just in time for the holiday shopping season.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ABA Community Banking
OCTOBER 18, 2022
The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans. The post USDA provides nearly $800 million in loan relief, more aid to come appeared first on ABA Banking Journal.
BankUnderground
OCTOBER 18, 2022
David Swallow and Chris Faint. Policymakers have been investing heavily, to an accelerated timeline, to better understand the financial risks from climate change and to ensure that the financial system is resilient to those risks. Against that background, some commentators have observed that the most carbon-intensive sectors may be subject to the greatest increase in transition risk.
Jack Henry
OCTOBER 18, 2022
The increased interest employers are showing in prioritizing financial wellness plays an important role in improving the financial health of people across the U.S. Although this continued interest in improving financial health from within is promising, a recent Financial Health Network survey revealed the percentage of people who are considered financially healthy actually declined from 34% in 2021 to 31% in 2022 for the first time in five years.
TheGuardian
OCTOBER 18, 2022
Lender told it must in future acknowledge its role in climate crisis after ‘misleading’ Cop26 campaign HSBC has suffered a fresh blow to its green credentials after the UK advertising watchdog banned a series of misleading adverts and said any future campaigns must disclose the bank’s contribution to the climate crisis. The ruling by the Advertising Standards Authority (ASA) followed dozens of complaints over posters that appeared on high streets and bus stops in the lead-up to the Cop26 climate
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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
The Paypers
OCTOBER 18, 2022
US-based Open Banking operator Plaid has published The Fintech Effect report that shows 84% of UK consumers use fintech for money management in 2022.
William Mills
OCTOBER 18, 2022
We’ve seen numerous references to the percentage of people living paycheck-to-paycheck. However, the most stunning recent research indicates that 23.7 percent of those making more than $250,000 in salary a year also consider themselves living paycheck-to-paycheck (Source: PYMNTS.com and LendingClub). There is a 50/50 chance that this group of people will know how to get or keep themselves out of financial debt.
CB Insights
OCTOBER 18, 2022
Global fintech funding fell 38% quarter-over-quarter (QoQ) to hit $12.9B — matching Q4’20’s level. Deals fell slightly, dropping 9% QoQ to reach 1,160. Mega-rounds also accounted for a smaller percentage of total funding (34%) compared to the average of 66% in 2021. Below, check out a handful of highlights from our 150-page, data-driven State of Fintech Q3’22 Report.
The Paypers
OCTOBER 18, 2022
Hong Kong-based transaction monitoring and fraud prevention enabler Austreme has announced that two of their tools now support Mastercard Payment Gateway Services.
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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
BankInovation
OCTOBER 18, 2022
Truist reduced expenses while prioritizing long-term investments in talent and technology in the third quarter. The $548 billion bank’s adjusted noninterest expenses dipped 4.8% year over year to $3.6 billion due to merger cost savings, according to the bank’s earnings supplement. However, noninterest expenses increased sequentially by $33 million as the bank continued its investments […].
The Paypers
OCTOBER 18, 2022
Germany-based automotive company smart has taken a new approach to sales, allowing customers to configure their new smart #1 and buy it online in 6 steps.
BankInovation
OCTOBER 18, 2022
Fintech partnerships allow smaller financial institutions (FIs) to remain competitive in digital banking. Card issuer Corserv recently received its Visa Ready certification and can now assist FIs with their clients’ payment needs, Corserv Chief Executive Jerry Craft tells Bank Automation News in this episode of “The Buzz” podcast. “Businesses on the commercial product are not […].
The Paypers
OCTOBER 18, 2022
GoCardless , a provider of direct bank payments, has signed Crowdz , a small and mid-sized enterprise (SME) finance platform, as its latest customer.
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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.
FICO
OCTOBER 18, 2022
Home. Blog. FICO. FICO Fraud Expert Naomi Palmer Wins Women in Credit Award. Naomi Palmer, a fraud consultant at FICO, won silver in the ‘Team Player of the Year’ category. FICO Admin. Tue, 07/02/2019 - 02:45. by Gareth Williams. expand_less Back To Top. Tue, 10/18/2022 - 10:50. . I’m proud to report that Naomi Palmer, one of FICO’s fraud consultants, won a silver award for ‘Team Player of the Year’ at the Women in Credit Awards 2022 , sponsored by Credit Strategy.
The Paypers
OCTOBER 18, 2022
Firi , a cryptocurrency exchange, has expanded into Denmark with the help of Neonomics , an Open Banking powered payments and data services provider.
The Paypers
OCTOBER 18, 2022
PayPal has taken a step away from the Honey brand it acquired in 2019 and launched PayPal Rewards, combining Honey’s rewards with other ways to earn.
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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.
The Paypers
OCTOBER 18, 2022
Bitstamp , a cryptocurrency exchange, has integrated with PayPal to offer their customers a simple way to buy crypto.
The Paypers
OCTOBER 18, 2022
Germany-based savings platform Trade Republic has announced expanding to 11 additional markets.
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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.
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