PayPal growth driven by Braintree
Payments Dive
MAY 9, 2023
PayPal's Braintree unit is bolstering the company's growth, but that expansion isn't as profitable as building its legacy business.
Tue.May 09, 2023
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Should Congress Increase FDIC Insurance Limits?
South State Correspondent
MAY 9, 2023
In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely. Increasing insurance coverage on bank deposits will have unintended consequences and results contrary to what those in the banking industry want and what the U.S. e
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Senators call out banks on card late fees
Payments Dive
MAY 9, 2023
A group of lawmakers asked the CEOs of large credit card issuers to explain their late fee practices.
Walgreens brings crypto-enabled ATMs to stores
ATM Marketplace
MAY 9, 2023
Walgreens has deployed more than 1,300 ATMs that not only accept cash but also provide cryptocurrency purchasing/selling and mobile send/receive cash capabilities.
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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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
Payoneer hunts for acquisitions
Payments Dive
MAY 9, 2023
Payoneer is considering acquisitions that could extend product offerings or expand its footprint in emerging markets.
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Akurateco partners with WorldCard for Pix integration
The Paypers
MAY 9, 2023
White-label payment gateway provider Akurateco has announced its integration with Brazil-based payment method Pix through a partnership with WorldCard.
UK Cards Data: Cardholders Spent More in February, But Paid Less
FICO
MAY 9, 2023
Home Blog Feed test UK Cards Data: Cardholders Spent More in February, But Paid Less New FICO data demonstrates cost-of-living pressures across spend and missed payments as UK consumers battle to manage finances Thu, 04/13/2023 - 23:40 JenniferPiccinino@fico.com by Liz Ruddick Principal Consultant expand_less Back to top Tue, 05/09/2023 - 09:50 Our latest data on UK credit card trends illustrates the financial balancing act many consumers are facing.
Skipton’s 100% mortgage for renters offers hope – but not without risk
TheGuardian
MAY 9, 2023
Much depends on the housing market and there’s no agreement on how that’s faring right now With hindsight, one of Britain’s biggest building societies could definitely have picked a better day to launch a first-of-its-kind 100% mortgage. On Tuesday morning, just as the press release was being sent out and Skipton building society boss Stuart Haire was preparing for his BBC Radio 4 Today programme interview, the Halifax reported that average UK house prices fell in April, by 0.3% month on month,
Bittrex files for bankruptcy protection
The Paypers
MAY 9, 2023
US-based cryptocurrency exchange Bittrex has filed for bankruptcy protection following a complaint from the Securities and Exchange Commission.
The State of Automation in Financial Services 2024 Report
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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
Bank of America deploys AI assistant Erica internally
BankInovation
MAY 9, 2023
Bank of America has deployed its AI assistant Erica internally, freeing up resources by saving employees thousands of hours spent previously on remedial tasks. Erica, which launched in 2018, has been assisting the $3.
Bankers as Buyers: Data Management, Segmentation, Cybersecurity and CX
William Mills
MAY 9, 2023
Technology has both enhanced and hindered the financial industry. While many institutions have used tech to modernize consumer experiences and streamline office processes, many institutions have fallen victim to “shiny object syndrome” and adopted solutions that have complicated their operations or simply don’t work as they should.
PayPal looks to AI to drive efficiencies
BankInovation
MAY 9, 2023
PayPal focused on operational efficiencies in the first quarter as AI presented opportunities for the company to save money and improve workflows. During the quarter, PayPal reduced its technology and development spend 12% year over year to $721 million, driven by an increased focus on cost control, according to the earnings presentation.
Ripple opens new office in Dubai
The Paypers
MAY 9, 2023
US-based crypto solutions provider Ripple has expanded its presence in MENA by opening a new office location in Dubai.
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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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.
What is a Conditional Approval?
Qudos Bank
MAY 9, 2023
You may have just been told you’ve gained conditional approval for a home loan, or perhaps you’ve simply heard the term mentioned as part of the home buying process. Either way, you might be wondering: what does conditionally approved mean, and what does this have to do with a home loan application? Read on to learn the essentials. What is a conditional approval?
Bank Nizwa and Buna to offer multi-currency cross-border payments
The Paypers
MAY 9, 2023
Oman-based Bank Nizwa has formed a collaboration with Buna , a cross-border payment system owned by the Arab Monetary Fund.
Banks must update their tactics as the clouds of litigation gather
The Banker
MAY 9, 2023
Tom Webley of Reed Smith identifies the many sources of litigation in the wake of recent banking turmoil, and warns banks against employing out-of-date protective tactics.
Mastercard launches Data and Services Hub in Malaysia
The Paypers
MAY 9, 2023
Global payments processor and card issuer, Mastercard , has recently announced the official launch of a Data and Services Hub in Malaysia, aimed to grow capabilities in various areas.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
PayTabs augments social media sales in MENA with ReelsPay
The Paypers
MAY 9, 2023
Saudi Arabia-based fintech PayTabs has announced that micro merchants and freelancers across the UAE, KSA, and Egypt can sell more over social media with ReelsPay by Paymes.
Tide proposes anti-fraud tax to fight scammers
The Paypers
MAY 9, 2023
Digital business banking platform Tide has called on the government to introduce a new levy to fund and train more police officers to fight Britain’s fraud epidemic.
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
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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.
WhatsApp and Stripe enable chat payments in Singapore
The Paypers
MAY 9, 2023
Financial infrastructure platform Stripe has announced a partnership with WhatsApp that enables Singapore-based businesses to accept payments in WhatsApp chats.
Bank of Canada asks the public's opinion on a potential digital dollar
The Paypers
MAY 9, 2023
The Bank of Canada has launched a public consultation that aims to assess how a digital dollar would fit into the Canadian economy.
2024 Lending Outlook: Innovations and Evolutions in the Financial Sector
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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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