Payments Dive
MARCH 23, 2022
The restaurant industry has experienced significant labor pressure amid the pandemic, and the pizza chain hopes provider DailyPay will bolster recruitment and retention efforts by helping workers avoid payday bills and overdraft fees.
Accenture
MARCH 23, 2022
My first two posts in this series discussed digital banking’s moving goalposts and how the fragmentation and componentization of financial services are disrupting the traditional, vertically integrated business model for banks. Should banks throw away that model and replace it with one that looks more like a fintech? Not necessarily. As we explain in our….
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Payments Dive
MARCH 23, 2022
Hiring and retention are a top challenge for payments companies right now. Here’s what they’re doing to stand out from the crowd and win talent.
South State Correspondent
MARCH 23, 2022
If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. In December 2021, a Brazilian bank, Nubank, went public in the U.S. and became the most valuable bank in Latin America. Their secret – fanatical customer service. This article looks at how this bank does it and provides a step-by-step breakdown of how you can incorporate their lessons into your bank to create outsized financial performance and differentiate franchise value.
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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
Payments Dive
MARCH 23, 2022
A top executive at Affirm, the biggest independent U.S. buy now-pay later company, says he understands the way in which the Consumer Financial Protection Bureau is trying to get a handle on the new industry.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 23, 2022
The newly appointed Archana Deskus was most recently CIO and EVP at Intel. She will oversee global IT at the electronic payments pioneer, reporting to its CEO Dan Schulman.
CFPB Monitor
MARCH 23, 2022
The Department of Justice recently entered into a settlement with BayPort Credit Union to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by charging unlawful interest to servicemembers and repossessing vehicles owned by servicemembers without first obtaining the required court orders. As detailed below, the consent order requires BayPort to pay compensation to servicemembers who were charged unlawful interest and whose vehicles were alleged to have been unlawful
Gonzobanker
MARCH 23, 2022
Entrepreneurial bankers have a chance to establish themselves as commercial metaverse lenders. Claiming to be the first bank in the metaverse, JPMorgan announced the opening of a “lounge” in Decentraland. Upon entering the lounge—which was established by Onyx, the bank’s blockchain unit—visitors are greeted by a digital portrait of Jamie Dimon (which morphs into the image of the bank’s head of crypto) and a roaming tiger.
BankInovation
MARCH 23, 2022
Citigroup is leveraging machine learning and artificial intelligence to reduce the burden of sanctions. “It's been hugely impactful in the sanction space,” said Scott Nathan, global head of detection and transaction monitoring for Citigroup. “This is a use case that any institution especially today, especially in this climate, should be considering: how you can apply […].
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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
Bobsguide
MARCH 23, 2022
Meradia , recognized globally as the industry-leading consulting firm for Investment Performance transformation projects, has hired Jonathan A. Boersma, CFA. With Boersma’s addition, Meradia will expand its Investment Performance practice to include advisory services related to Global Investment Performance Standards (GIPS®) compliance, implementation, and pre-verification as well as investment performance regulation.
BankInovation
MARCH 23, 2022
Cross River Bank announced Wednesday that it will use blockchain data company Chainalysis for cryptocurrency compliance. The $5 billion bank will integrate Chainalysis’ real-time transaction compliance platform, investigations technology and risk management software into its existing crypto build. The move will help Cross River expand its crypto offerings, which currently include banking and payments, non-fungible […].
Bobsguide
MARCH 23, 2022
Profile: Sponsor of the 6th Digital Integration in Wealth Management Conference, UK. Athens, 23 March 2022: Profile Software , the leading financial solutions provider, sponsors (network partner) the 6th Digital Integration in Wealth Management Conference taking place on 29th – 30th March 2022 in Park Plaza Victoria, in London, UK. The conference will bring together experts from top wealth management and private banks across the UK and Europe.
BankInovation
MARCH 23, 2022
Apple Inc. has bought London-based credit scoring startup Credit Kudos Ltd., continuing its push into payments technology, according to a person familiar with the deal. Credit Kudos lets businesses assess loan applicants by analyzing banking data, such as user transactions, and offers a service for potential borrowers to assess their credit worthiness.
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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.
BankUnderground
MARCH 23, 2022
Georgina Green and Bruno Albuquerque. How would you respond to a one-off change in your income? For example, how would you react to someone handing you £500? Throughout the pandemic a large group of UK households were asked this hypothetical question in a survey. Households were also asked for other information, for instance about their debt, savings, and expectations for the future, giving us an opportunity to unpick their responses.
TheGuardian
MARCH 23, 2022
Union says 124 jobs across UK will be lost, with affected branches closing by end of 2022 Lloyds Banking Group has announced it will shut another 60 branches across the UK, in the latest example of the rapid decline of lenders on the high street. The closures consist of 24 branches of Lloyds Bank, 19 Bank of Scotland and 17 from the Halifax brand, resulting in the group cutting more than 150 from its network since June 2021.
CB Insights
MARCH 23, 2022
Ramp , a provider of corporate credit cards, has raised $550M in debt from Citibank and Goldman Sachs, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy "><h4>FREE DOWNLOAD: STATE OF FINT
ABA Community Banking
MARCH 23, 2022
Under a new law signed by Mississippi Gov. Tate Reeves, only FDIC-insured banks can acquire or merge with Mississippi-chartered state banks. The post New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks appeared first on ABA Banking Journal.
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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.
The Paypers
MARCH 23, 2022
Romania-based Open Banking TPP provider Smart Fintech has launched an account interrogation service (AIS) called Smart Accounts.
The Paypers
MARCH 23, 2022
UK-based payments platform Global Processing Services has announced a new partnership with Mastercard to power ‘Next Generation Payments’ technology to global fintechs.
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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.
The Paypers
MARCH 23, 2022
Germany-based DZ Bank and fintech Traxpay announced partnering for DZ Bank to use the Traxpay-developed supply chain financing digital platform.
The Paypers
MARCH 23, 2022
Germany-based payment solution provider Gini has announced integrating its transfer function Gini Pay Connect at Consorsbank and at private health insurance company Ottonova.
American Banker
MARCH 23, 2022
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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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