Thu.Feb 23, 2023

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Business Strategy During the Recession: Leverage Automation to Do More With Less

BankInovation

Heading into Q4 of 2022, layoff announcements hit our news feeds daily. As of September 2022, more than 52,000 workers in the tech industry alone have faced job cuts. Those who remain after the layoffs face another challenge: Facilitate growth in a world where “inflation” and “recession” are buzzwords in every conversation.

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FedNow aims to avoid Zelle-type fraud

Payments Dive

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits.

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Same-day, B2B payments fuel ACH growth

Payments Dive

Last year’s same-day ACH limit increase helped nearly double that category’s total payment compared to 2021, Nacha said.

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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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This week’s podcast episode: The Consumer Financial Protection Bureau’s proposals to create two public registries for nonbanks: what you need to know, Part I

CFPB Monitor

The CFPB recently issued two proposals that would require nonbanks to register with and submit information to the CFPB for publication in an online, publicly available database. The proposals represent an aggressive attempt by the CFPB to enhance its supervisory and enforcement authorities and carry significant potential implications for nonbanks that would be required to register.

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More Trending

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Testing Automation Helps Combat ATM Fraud

ATM Marketplace

As technology evolves and cybercriminals become more sophisticated, preventing ATM fraud becomes an increasingly challenging job. Unfortunately, ATM fraud continues to grow significantly. It is estimated that from 2019 to 2022, ATM theft and fraud grew a staggering 148 percent.

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Web3 Domain Alliance receives new members

The Paypers

The Web3 Domain Alliance has announced the addition of 51 new members in order to support the development of digital identity technology in Web3.

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Banking and Fintech industry outlook in 2023

ATM Marketplace

The banking industry is experiencing a major move towards digitalisation to remain competitive and generate new revenue streams to drive growth. In this whitepaper, Auriga will deep-dive into the top trends to consider over the next 12 months for the banking and fintech industries.

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Santander to use Salesforce's technology for its Santander Navigator

The Paypers

Santander has announced using Salesforce ’s technology to power Santander Navigator, its digital platform designed to help UK businesses expand internationally.

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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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Market Trend Report: Crypto market data & intelligence for institutional investors & traders

CB Insights

What is crypto market data & intelligence? Crypto market data & intelligence companies provide blockchain data and analytics platforms for institutional investors and traders. Clients can track crypto portfolios, tokens, protocols, and exchanges to inform their strategies. They do this through real-time dashboards, APIs, research reports, and risk management tools.

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February tech layoffs: 68,500 impacted in 2nd round of cuts

BankInovation

A February wave of layoffs in the tech industry has left many without work amid a looming recession. Within the past year, more than 150,000 employees were affected by 2022 tech layoffs, which continued in January with 68,500 job cuts, according to “Who Was Affected by the 2022-2023 Tech Layoffs?

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Market Trend Report: Institutional DeFi for institutional investors & traders

CB Insights

What is institutional DeFi? Institutional decentralized finance (DeFi) companies provide decentralized financial products to financial institutions with strict compliance needs. Institutional DeFi is made possible through whitelisting and knowing your customers’ pools of participants. The space includes compliance and tracking tools, advanced custody and security, or index products tracking DeFi tokens.

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Arvest Bank rolls out lending product

BankInovation

Arvest Bank launched an equipment finance lending product on cloud-native core banking platform Thought Machine.

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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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Market Trend Report: Institutional crypto trading & prime brokerage for institutional investors & traders

CB Insights

What is institutional crypto trading & prime brokerage? Institutional crypto trading & prime brokerage companies in this market provide cryptocurrency trading platforms tailored for institutional investors and hedge funds. They offer secure trade execution and access to liquidity. download the state of blockchain 2022 report Get the latest data on blockchain funding trends, unicorns, exits, and more.

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Court denies Fed motion to dismiss Custodia suit, keeps trial in play

American Banker

Policies 101
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HitPay teams up with BillEase to enable BNPL for SMEs

The Paypers

Singapore-based online payment gateway HitPay has partnered with BNPL and finance app BillEase to offer card-free instalment payment options to customers in the Philippines.

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Banks expect the warehouse construction boom to have staying power

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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iDenfy signs partnership agreement with AMLYZE

The Paypers

Lithuania-based identity verification company iDenfy has partnered with SaaS anti-financial crime solutions provider AMLYZE to help SMEs combat financial crime.

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More nonprofits are digitizing small-dollar donations

American Banker

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Enfuce to deliver prepaid disbursement cards

The Paypers

Finland-based Enfuce has signed a contract with the State Treasury of Finland and Kela to deliver a prepaid disbursement card service as a payment alternative to account payments.

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CFPB orders TitleMax to pay $15M for illegal loans to servicemembers

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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Grocerist launches ecommerce fulfilment app

The Paypers

Grocery-specific ecommerce solution built on Shopify , Grocerist , has launched an ecommerce fulfilment app to enable independent grocers to run their own profitable operations.

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Louisiana credit union expands field of membership into Arkansas

American Banker

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Klarna and Schufa launch six-month pilot project 

The Paypers

Sweden-based fintech Klarna has announced starting a six-month pilot project with Germany-based private credit bureau Schufa so that people can shop online quickly with Buy Now Pay Later and be protected against over-indebtedness.

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Connecticut AG seeks new powers after backlash to bank integration woes

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.