Shift4 buys European payments provider for $126M
Payments Dive
DECEMBER 5, 2022
The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.
Mon.Dec 05, 2022
435 
5 questions with … Sunrise Banks’ CIO Brett Cooksey
BankInovation
DECEMBER 5, 2022
Sunrise Banks Chief Information Officer Brett Cooksey is focused on digitization, strategic fintech partnerships and automation for improved customer experience. The $1.96 billion bank counts more than a dozen fintech partners, including credit builder solution Self and document automation platform Anvil. The bank has “several more partnerships in mind,” Cooksey said.
Join 50,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Cantaloupe pays $41M to acquire Three Square Market
Payments Dive
DECEMBER 5, 2022
With the purchase, the vending and software payments company expands its reach internationally, as well as into another segment of the market.
How HSBC is executing a global overhaul
Banking Exchange
DECEMBER 5, 2022
Its exit from Canadian banking is the latest step in a wide-ranging rationalization across the company Retail Banking Branch Technology/ATMs Bank Performance Feature3 M&A Feature Management.
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
Advertisement
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
36 State Attorneys General settle with CarMax over non-disclosure of open safety recalls
CFPB Monitor
DECEMBER 5, 2022
On December 1, 2022, nationwide used car dealer CarMax Auto Superstores, Inc. (“CarMax”) and 36 state attorneys general announced a $1 million multistate settlement that will require CarMax to disclose open recalls related to the safety of its used vehicles before consumers purchase them. The settlement resolves an investigation into CarMax’s advertising and sales practices related to vehicle recalls since 2014. .
Sign up to get articles personalized to your interests!
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
More Trending
CFPB rejects challenge to its authority to investigate crypto lender
CFPB Monitor
DECEMBER 5, 2022
The CFPB recently denied the petition of Nexo Financial LLC to modify the CFPB’s Civil Investigative Demand (CID) issued to Nexo, rejecting Nexo’s claim that the CFPB does not have jurisdiction to investigate crypto-lending products offered by Nexo such as its “Earn Interest Product.” This is the first publicly-known action taken by the CFPB against a crypto-currency product provider.
Wells Fargo launches new commercial banking portal for business clients
The Paypers
DECEMBER 5, 2022
Wells Fargo has rolled out a one-stop banking platform equipped with artificial intelligence and Machine learning to help clients personalise their accounts.
CFPB settles lawsuit against My Loan Doctor and its founder for alleged deceptive marketing of deposit accounts
CFPB Monitor
DECEMBER 5, 2022
The CFPB announced last week that it has entered into a proposed settlement of the lawsuit it filed in July 2020 against My Loan Doctor, LLC (“Loan Doctor”) and its founder, Edgar Radjabli, for allegedly making false, misleading, and inaccurate representations in connection with advertising Loan Doctor’s Healthcare Finance Savings CD Accounts. The settlement requires the defendants to pay more than $19 million to approximately 400 depositors and a civil money penalty of $391,530 to the CFPB.
Tonik Financial to acquire TendoPay
The Paypers
DECEMBER 5, 2022
Tonik Financial has entered into an agreement with Tendo Payment Solutions to acquire its Philippine business, operating under the brand name TendoPay.
The State of Automation in Financial Services 2024 Report
Advertisement
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
New blog post by Adam White discusses “the CFPB’s blank check”; Ballard Spahr to hold Dec. 16 webinar on CFSA decision
CFPB Monitor
DECEMBER 5, 2022
The eyes of the consumer finance world are now on the U.S. Supreme Court as it decides whether to grant the CFPB’s certiorari petition in Community Financial Services Association of America Ltd. v. CFPB (CFSA Decision). In the CFSA Decision, a Fifth Circuit panel held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S. Constitution.
ABA: Proposed CDFI certification application updates could have unintended consequences
ABA Community Banking
DECEMBER 5, 2022
ABA supports the proposed changes' goals, but said without refinement they would have unintended consequences, particularly in rural areas. The post ABA: Proposed CDFI certification application updates could have unintended consequences appeared first on ABA Banking Journal.
Temenos sees surge in global cloud adoption
BankInovation
DECEMBER 5, 2022
Core provider Temenos is growing its international footprint as more financial institutions (FIs) turn to its microservices and API-powered technology amid increasing cloud adoption. Temenos’ expansion in areas like the Middle East is largely due to FIs integrating cloud architecture — a departure from traditional banking norms in the region, Robert Wint, senior product director […].
Top 5 Surprises from FICO’s Fraud and Digital Banking Survey
FICO
DECEMBER 5, 2022
Home. Blog. FICO. Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top. Mon, 12/05/2022 - 15:10. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency.
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
Advertisement
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.
Airwallex partners with Agoda to ease travel planning for Hong Kong SMEs
The Paypers
DECEMBER 5, 2022
Australia-based Airwallex has partnered with digital travel platform Agoda augment travel planning for Hong Kong SMEs and startups.
E-commerce Moment: Which Way Up?
Bankelele
DECEMBER 5, 2022
E-commerce is increasingly useful, and nice to have as a service, which we use every day, but is it profitable? There were two e-commerce deal announcements in Nairobi today that happened almost simultaneously. First up was Lipa Later, the “buy now pay later” fintech company confirming that it had acquired SkyGarden, a popular site for purchasing […].
BUX acquires neobroker Ninety Nine
The Paypers
DECEMBER 5, 2022
BUX , a Netherlands-based financial services firm, has expanded its European footprint with the acquisition of the retail brokerage arm of neobroker Ninety Nine.
E-commerce Moment: Which Way Up?
Bankelele
DECEMBER 5, 2022
E-commerce is increasingly useful, and nice to have as a service, which we use every day, but is it profitable? There were two e-commerce deal announcements in Nairobi today that happened almost simultaneously.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
Advertisement
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.
Google, Splitit to offer Splitit Instalments in additional markets
The Paypers
DECEMBER 5, 2022
US-based instalment service Splitit has partnered with Google to add its Instalments-as-a-Service solution to the Google Store in the US, Canada, and Australia.
Coinmama partners TrueLayer to enable instant payments
The Paypers
DECEMBER 5, 2022
Cryptocurrency exchange Coinmama has partnered Open Banking platform TrueLayer to provide instant payments for customers across Europe.
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
Advertisement
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.
Zventus releases FinTech-in-a-Box for Help Banks and Lenders
The Paypers
DECEMBER 5, 2022
US-based management consultancy company Zventus has launched FinTech-in-a-Box, a consumer lending solution to help legacy lenders compete with fintech companies.
Banks, credit unions respond to attack on power grid in North Carolina
American Banker
DECEMBER 5, 2022
Zventus releasesFinTech-in-a-Box for Help Banks and Lenders
The Paypers
DECEMBER 5, 2022
US-based management consultancy company Zventus has launched FinTech-in-a-Box, a consumer lending solution to help legacy lenders compete with fintech companies.
2024 Lending Outlook: Innovations and Evolutions in the Financial Sector
Advertisement
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.
Let's personalize your content