Fri.Jan 27, 2023

article thumbnail

Visa, Mastercard, Amex results buoyed by consumer spending

Payments Dive

The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.

Cards 433
article thumbnail

Bitstop shakes up bitcoin ATM space with Genesis Coin acquisition

ATM Marketplace

The ATM industry is no stranger to high profile acquisitions and the bitcoin side of the industry has joined the trend. Bitstop, a bitcoin ATM provider, has acquired Genesis Coin, which powers more than 12,000 bitcoin ATMs in the U.S., and accounts for 31.9% of all such machines worldwide.

ATM 114
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Climate activists guilty of smashing Barclays HQ windows spared jail

TheGuardian

Women were found guilty of causing £100,000 damage to building in Canary Wharf, London Seven climate change activists who were found guilty of causing more than £100,000 of damage by smashing windows at the headquarters of Barclays Bankwere spared jail by a judge. Zoe Cohen, 52, Carol Wood, 53, Sophie Cowen, 31, Lucy Porter, 48, Gabriella Ditton, 28, Rosemary Webster, 64, and another protester, who cannot be named for legal reasons, were charged with criminal damage and pleaded not guilty.

86
article thumbnail

Tenable launches Tenable Ventures to support new cybersecurity technologies

The Paypers

US-based cybersecurity company Tenable has announced Tenable Ventures, a corporate investment programme that supports cybersecurity startups.

article thumbnail

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

article thumbnail

Upstart launches digital finance, online sales

BankInovation

Artificial intelligence-based lending platform Upstart is adding new digital financing and online sales applications to its auto retail platform to improve loan approval rates and expand credit access.

Online 52

More Trending

article thumbnail

Fifth Third enhances its Momentum Banking platform

BankInovation

Fifth Third Bank announced the addition of Early Pay for federal tax refunds through its Fifth Third Momentum Checking digital banking platform as part of the bank’s ongoing tech modernization initiatives.

Taxes 52
article thumbnail

Goldman Sachs boss takes near 30% pay cut as turbulence hits bank

TheGuardian

David Solomon’s pay was $25m for 2022, down from $35m in 2021, as investment bank’s profits halve and 3,200 staff laid off Goldman Sachs has slashed its chief executive’s pay packet by almost 30% after a turbulent year that resulted in one of the largest round of job cuts in the Wall Street lender’s history. The bank revealed on Friday that David Solomon had been paid $25m (£20m) for 2022, down from $35m a year earlier, after the bank revealed a 50% drop in annual profits following a slump in de

US 53
article thumbnail

Santander launches multinational BNPL product

BankInovation

Santander Corporate and Investment Banking has launched a business-to-business product via a new buy-now, pay-later solution. Madrid-based Santander CIB tapped global trade credit insurance company Allianz Trade and B2B payments platform Two for the venture, which aims to provide large, multinational corporations the ability to instantly defer payments at checkout, according to a Santander release.

article thumbnail

'A huge mistake': Lessons from the JPMorgan-Frank fintech deal

American Banker

Fintech 101
article thumbnail

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

article thumbnail

JPMorgan is spending and talking the most on AI, index shows

BankInovation

JPMorgan Chase & Co. has a head start when it comes to developing and deploying artificial intelligence in banking, according to a new study.

Study 52
article thumbnail

Yellen says raising debt limit is only solution to avoid fiscal crisis

American Banker

Policies 100
article thumbnail

Protecting children is not the same as preventing fraud.

Tomorrow's Transactions

Protecting children is not the same as preventing fraud In the design of every customer facing service there is a trade off between ‘ease of use’ and the countermeasures incorporated into the system to prevent misuse. We are regularly told by User Interface specialists that any friction added to their checkout process provides a reason… Continue reading Protecting children is not the same as preventing fraud.

Fraud 39
article thumbnail

How banks should deal with AI's risks, according to NIST

American Banker

article thumbnail

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.

article thumbnail

Corlytics to acquire ING SparQ

The Paypers

UK-based regulatory risk intelligence firm Corlytics has acquired ING SparQ to design a regtech platform, focused on `monitoring to policy` services.

article thumbnail

The more things change, the more branches still matter

American Banker

94
article thumbnail

Provincial Government of Bataan signs MOU with nChain

The Paypers

The Provincial Government of Bataan has signed a Memorandum of Understanding with global blockchain technology company nChain.

article thumbnail

Wells Fargo holds CEO Scharf's pay at $24.5 million for 2022

American Banker

article thumbnail

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.

article thumbnail

Amazon considers launching an NFT programme

The Paypers

Amazon has set its eyes on the Web3 space and is looking to launch its own gaming focused NFT programme in spring 2023.

39
article thumbnail

Stripe, exploring options, hires JPMorgan and Goldman Sachs

American Banker

article thumbnail

CellPoint Digital partners with MikroElektronika

The Paypers

Payments orchestrator CellPoint Digital has partnered with MikroElektronika to develop embedded systems that deliver a full suite of payment orchestration solutions.

System 31
article thumbnail

American Express brushes off impact of white-collar layoffs

American Banker

article thumbnail

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.

article thumbnail

Sber to carry out Pay Sticker user testing

The Paypers

Russia-based Sberbank has announced that in February 2022 it will launch one its largest Pay Sticker technology mass testing, offered to users free of charge.

article thumbnail

NCUA extends 18% interest ceiling for federal credit unions through 2024

American Banker

article thumbnail

Bitpanda launches a new investment-as-a-service offering

The Paypers

Austria-based trading platform Bitpanda has introduced a new investment-as-a-service offering for banks, fintechs, and other institutions.

Fintech 31
article thumbnail

How Alipay is supercharging Splitit and Checkout.com

American Banker

article thumbnail

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.