Payments Dive

MARCH 2, 2023

As the company cut 3,000 employees, Fiserv’s employee termination costs nearly doubled to $187 million in 2022.

Company 300

Company 300

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Experts say that would be a mistake. You might also like this whitepaper, "Best practices for purchasing bank or credit union software" DOWNLOAD Takeaway 1 As Southwest Airlines learned, technology shortcomings create enormous costs in the short-term and in the future.

Technology 195

Technology Lending Community Software 195

Payments Dive

MARCH 2, 2023

The card network plans to reduce the credit card surcharge that merchants can impose on consumers, but the proposal is facing pushback.

Cards 435

Cards 435

CFPB Monitor

MARCH 2, 2023

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.

Online 148

Online 148

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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

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Payments Dive

MARCH 2, 2023

The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.

Software 435

Software Marketing 435

SWBC's LenderHub

MARCH 2, 2023

The past few years have been some of the most disruptive for the auto industry since World War II, with the pandemic and semiconductor shortage interrupting manufacturing and sending both used and new car prices through the roof. Luckily, 2023 is expected to bring relative stability, though it will not be the same market we experienced prior to 2020.

Industry 78

Industry Marketing Lending 78

CFPB Monitor

MARCH 2, 2023

A new CFPB report, “ Issue Spotlight: Public Benefits Delivery & Consumer Protection ,” looks at what it describes as “the challenges that recipients of public benefits programs offering cash assistance encounter in accessing funds.” The report focuses on cash assistance provided on prepaid cards because the CFPB has observed “specific recurring issues arising with the provision of benefits by that method.”.

Report 78

Report Payments Cards 78

BankUnderground

MARCH 2, 2023

Vania Esady In macroeconomic models, economic agents are often assumed to perfectly observe the current state, but in reality they have to infer current conditions ( nowcast ). Because of information costs, this is not always easy. Information costs are not observable in the data but they can be proxied. A good proxy is disagreement on a near-term forecast because significant disagreement indicates that it is difficult to observe current economic conditions – ie higher information frictions.

Policies 71

Policies Survey US Study 71

ATM Marketplace

MARCH 2, 2023

ISO 8583 is the globally adopted messaging standard for financial transactions, particularly in the payment card industry. However, despite its long history and widespread use, the standard has become confusing due to its complexity and numerous options and permutations.

Cards 62

Cards Industry Payments 62

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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

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CB Insights

MARCH 2, 2023

What is a fiat-backed stablecoin? Fiat-backed stablecoin companies in this market issue stablecoins collateralized by fiat currency. Fiat-backed stablecoins are backed at a 1:1 ratio, meaning 1 stablecoin is equal to 1 unit of currency. For each stablecoin that exists, real fiat currency is held in a bank account. download the state of blockchain 2022 report Get the latest data on blockchain funding trends, unicorns, exits, and more.

Trends 73

Trends Report Marketing Payments 73

The Paypers

MARCH 2, 2023

Indonesia-based Open Finance service provider Brankas has announced a new feature enabling instant bank account opening as an embedded finance experience on third-party applications.

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BankInovation

MARCH 2, 2023

CHARLOTTE — Wells Fargo set out to reach 50% cloud certification among its 30,000 engineers at the start of 2022; and by the end of the year, the $1.8 trillion bank saw 46% of its engineers reach that status — up from 0.03% at the top of the year.

Charlotte 52

Charlotte 52

The Paypers

MARCH 2, 2023

Financial crime solution provider Feedzai has joined the Global Anti-Scam Alliance (GASA) – a not-for-profit organisation whose goal is to protect consumers across the world from scams – as a corporate member.

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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.

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BankInovation

MARCH 2, 2023

I was recently talking with a client, who said “for us, speed of thought is just as important as speed of technology.” This interesting perspective, while not surprising, poses a challenging predicament for technology leaders.

How To 52

How To Innovation US Technology 52

The Paypers

MARCH 2, 2023

HSBC has granted its first green loan to a climate-mitigation technology firm, fighting global warming by financing clients’ emissions reduction projects.

Technology 69

Technology 69

CB Insights

MARCH 2, 2023

What is blockchain cross-border payment & CBDCs? Blockchain cross-border payments and central bank digital currencies (CBDCs) companies leverage blockchain and distributed ledger technology to help banks, financial institutions, and businesses move funds across multiple entities and countries in real time. download the state of blockchain 2022 report Get the latest data on blockchain funding trends, unicorns, exits, and more.

Trends 59

Trends blockchain Report Marketing 59

The Paypers

MARCH 2, 2023

Machine learning-based fraud prevention company Nethone has partnered with financial software solutions and services provider Ailleron.

Fraud 69

Fraud Software Company 69

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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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TheGuardian

MARCH 2, 2023

Stock price of crypto-focused US bank plummeted in Thursday trading and it is assessing its ability to keep going The share price of cryptocurrency-focused US bank Silvergate plummeted by nearly 50% in early trading on Thursday after fresh revelations about the extent of its exposure to the collapse of crypto exchange FTX raised questions about its ability to survive.

cryptocurrency 54

cryptocurrency US Regulation Marketing 54

The Paypers

MARCH 2, 2023

Lithuania-based identity verification company iDenfy has teamed up with digital auction platform Residenture to ensure a secure onboarding process for the latter’s auction applicants.

Compliance 36

Compliance Security Company 36

TheGuardian

MARCH 2, 2023

I asked it to send the money to my husband’s bank account. Now it can’t locate it and the case is closed Two months ago, I asked staff at Nationwide to transfer £3,000 to my husband’s bank account in Bulgaria. The money never arrived. Nationwide refused to refund me and stated, because my husband’s bank wasn’t responding to its inquiries, my case had been closed.

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The Paypers

MARCH 2, 2023

Investors have pulled more than USD 6 billion out of the Binance -branded BUSD stablecoin in the past month, showing that a recent US regulatory crackdown on crypto is putting pressure on the exchange.

Branding 36

Branding US 36

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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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American Banker

MARCH 2, 2023

Payments 69

Payments 69

The Paypers

MARCH 2, 2023

US-based fraud prevention company Quantifind has secured USD 23 million in funding after signing deals with multiple financial institutions, government entities, and others.

Fraud 36

Fraud US Security Company 36

American Banker

MARCH 2, 2023

Industry 69

Industry 69

The Paypers

MARCH 2, 2023

US-based payments platform Modern Treasury has announced the support for Global ACH, a payment service that enables lower cost cross-border payments for customers.

Payments 36

Payments US 36

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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.

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