Mon.Feb 06, 2023

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Could gift cards help earned-wage-access users stretch their funds?

American Banker

Cards 73
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Eliminating costly false declines online

Payments Dive

“False declines are especially problematic in an environment where demanding customers with high expectations are not afraid to take their business elsewhere,” writes an Experian executive.

Online 322
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Cash isn't dead

ATM Marketplace

Despite the rise of cashless and contactless payment in recent years, cash is far from dead, according to a panel of experts convened at December's Self Service Innovation Summit in Hollywood, Florida.

Florida 105
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Lightspeed bets on bigger customers

Payments Dive

In pursuing profitable growth, point-of-sale software and payments provider Lightspeed Commerce is zeroing in on larger merchants as clients.

Software 284
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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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CFPB Suffers Significant Defeat In ECOA Lawsuit Against Townstone Mortgage

CFPB Monitor

As previously reported , in July 2020 the CFPB filed the first ever redlining complaint against a nonbank mortgage company, Townstone Mortgage (Townstone), under the Equal Credit Opportunity Act (ECOA) and Consumer Financial Protection Act (CFPA). The US District Court for the Northern District of Illinois recently granted Townstone’s motion to dismiss the CFPB’s complaint on the grounds that the ECOA applies to applicants and not to prospective applicants. .

More Trending

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Interpol to police crimes in the metaverse

The Paypers

Interpol has confirmed it is investigating how it could police crimes in the metaverse, as criminals have started targeting users on similar virtual world platforms.

68
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PNC execs join Bank Automation Summit US 2023

BankInovation

Several technology leaders from PNC Financial Services are joining the Bank Automation Summit U.S. 2023 event to discuss their approaches to automation: Tom Lang, executive vice president and head of treasury management products and operation, Matthew Barrett, AI and intelligent automation manager, and Scott Kinross, senior vice president and software engineering director.

US 52
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Kenya clears fraud allegations against Flutterwave

The Paypers

Nigeria-based fintech Flutterwave has reportedly been cleared of money laundering allegations which were levelled against it by the Assets Recovery Agency (ARA) in Kenya.

Fraud 45
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Paytm shares climb after payments giant reports narrower loss

BankInovation

Shares of Paytm rose after India’s leading digital payments brand posted a narrower third-quarter loss with a surge in revenue. The stock gained as much as 7.4% in early trading Monday after the late Friday earnings report, the biggest intraday gain in about two months.

Report 52
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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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SEEBURGER partners Celent for ISO 20022 readiness survey

The Paypers

Integration software and services company SEEBURGER has partnered research and advisory firm Celent to conduct a global survey on the ISO 20022 readiness of banks and corporates.

Survey 41
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FV Bank unveils global cross-border payment solution

BankInovation

San Juan, Puerto Rico-based FV Bank has added cross-border payment capabilities to its digital banking offerings to encourage customer retention. The new feature from the private digital bank runs on APIs and can send seven types of currency including U.S. dollars, euros, yen and cryptocurrency to 150 countries, according to an FV Bank release.

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TerraPay partners with Beyon Money

The Paypers

Netherlands-based fintech company TerraPay has announced its partnership with Beyon Money to enhance outward remittances from Bahrain to key integrated networks.

Fintech 41
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(In)dependent central banks: the law of unintended consequences

The Banker

Despite well-intentioned legal reforms being aimed at ensuring central bank independence, data suggests that they may actually have the opposite effect. Written by Vasso Ioannidou, Sotirios Kokas, Thomas Lambert and Alexander Michaelides.

Data 36
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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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Nexi announces partnership with Eni

The Paypers

Italy-based fintech company Nexi has announced its partnership with Eni , an energy company, to develop its electronic and digital payment services in Europe.

Fintech 41
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Auto lenders, dealers draw more scrutiny after pandemic-era boom

American Banker

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Zilch partners StepChange to tackle spikes in living costs

The Paypers

UK-based payments technology company Zilch has announced a partnership with debt advice charity StepChange to help customers access financial help quicker during the current cost of living crisis.

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BMO bumps up hourly pay ahead of Bank of the West integration

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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Standard AI acquires Skip

The Paypers

Retail solutions provider Standard AI has signed a definitive agreement for the acquisition of self-checkout solutions provider Skip to combine self-checkout with autonomous retail.

Retail 36
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Chapter 5: Star witness

American Banker

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ASOS, GoodWeave to address labour rights in fashion supply chains

The Paypers

UK-based fashion retail company ASOS has partnered with non-profit organisation GoodWeave to assess the compliance with human rights of fashion suppliers based in India.

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BayFirst Financial in Florida picks president to be next CEO

American Banker

Florida 69
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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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Boku IN secures in-principal payment aggregator authorisation from RBI

The Paypers

Provider of mobile payment solutions Boku IN has received and in-principle authorisation, enabling more payment choice for Indian consumers and Boku merchants.

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Binance plans to suspend U.S. dollar transfers using bank accounts

American Banker

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CellPoint Digital starts collaborating with BillingPlatform

The Paypers

Payments orchestrator CellPoint Digital has partnered with cloud-based monetisation company BillingPlatform to offer cloud-based revenue management solutions.

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Stock exchanges shouldn't be subject to human error, experts say

American Banker

Capital 68
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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.