Accenture
JUNE 29, 2022
European banks are starting to overcome the obstacles that slowed their shift to cloud computing. And in the race to recover lost ground, they can learn from the experiences of their counterparts in the US and Asia. One of the biggest lessons European banks need to take to heart is the importance of selecting the…. The post European banks gain vital edge in race to the cloud appeared first on Accenture Banking Blog.
Payments Dive
JUNE 29, 2022
The federal agency said Tuesday that the big retailer allowed money transfer fraud that “fleeced customers out of hundreds of millions of dollars.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Accenture
JUNE 29, 2022
The shift to digital services has accelerated since 2020, improving the potential of Open Banking payments to become a viable alternative to card payments. Cumulatively, over 26.6 million Open Banking payments had been executed by the end of 2021. There was a 500% increase in that year alone. The user experience will be key to…. The post How to get it right: Open Banking payment errors appeared first on Accenture Banking Blog.
Payments Dive
JUNE 29, 2022
Cashless systems are growing in popularity, with the sale of self-checkout terminals expected to surge 50% to 300,000 annually by 2027, according to an industry research firm.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
CFPB Monitor
JUNE 29, 2022
The CFPB has issued an interpretive rule on the scope of the Fair Credit Reporting Act’s preemption provisions. The rule’s narrow reading of those provisions appears intended to encourage and support state legislative efforts to enact laws targeting credit reporting issues of concern to the CFPB, such as the reporting of medical debt. The FCRA’s preemption provisions are set forth in 15 U.S.C. 1681t.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
JUNE 29, 2022
The California Department of Financial Protection and Innovation (DFPI) has issued proposed regulations implementing certain provisions of the state’s Consumer Financial Protection Law (CFPL). Comments must be submitted by August 8, 2022. The proposal includes provisions implementing the DFPI’s authority under the CFPL to issue and enforce rules defining unfair, deceptive, or abusive acts or practices as they relate to “commercial financing,” as that term is defined in Cal.
TheGuardian
JUNE 29, 2022
UK Finance figures show a near-40% rise in push payment scams in which criminals pretend to be a trusted contact More than £1.3bn was stolen by con artists last year, figures reveal, with authorised push payment fraud (APP), where victims are tricked into making a payment, rising sharply as pandemic restrictions eased. The amount lost to APP fraud hit £583.2m in 2021, a 39% increase compared with 2020, according to the research from the banking industry organisation UK Finance.
BankUnderground
JUNE 29, 2022
Thibaut Duprey, Artur Kotlicki, Daniel Rigobon and Philip Schnattinger. Just as doctors monitor in real time the vital signs of their hospitalised patients to determine the best course of treatment, economists are turning towards a real-time tracking of economic conditions to inform policy decisions (for example, through proxy for GDP and inflation ).
TheGuardian
JUNE 29, 2022
Andy Beverley is worried for those who are excluded by cashless systems, and Jane Ghosh says counter services are essential Thank you for highlighting the issue of digital exclusion ( Editorial, 23 June ). A similar problem is developing with digital payments. For what to many is innocent and inevitable progress, the millions of people in the UK who still rely on cash to live their lives are starting to find themselves excluded from parts of society, with many businesses and even organisations s
Advertisement
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
BankInovation
JUNE 29, 2022
The Bank Automation News team is pleased to announce that Michael Beattie, executive vice president and chief technology officer at Kansas City, Mo.-based Lead Bank, will join the speaker faculty for Bank Automation Summit Fall 2022 to discuss how to develop for the cloud in order to enable technology strategy on Monday, Sept. 19, at […].
Bank Activities
JUNE 29, 2022
By Zoran Temelkov June, 2022. The Indonesian fintech startup Pebble raises $6.2 million in seed round financing. The funding round receives support from a number of investors such as Y Combinator, East Ventures, Orange DAO, Cadenza Capital, and Lightshed Ventures. Aside from Venture capitalists, Angel investors also participated in the seed round. Some of them are Odell Beckham Jr. and Richard Ma.
BankInovation
JUNE 29, 2022
Analytics software company SAS has completed its acquisition of risk management company Kamakura Corporation, the companies announced Monday. Terms of the deal were not disclosed. Hawaii-based Kamakura creates data and software solutions for banks and banking enterprises, with a focus on risk management. The acquisition will bolster SAS’ existing risk analytics and software services as […].
The Paypers
JUNE 29, 2022
Australia-based online-only Volt Bank has announced it would shut down, returning deposits, and selling its mortgage book after failing to raise sufficient funds to support the business.
Advertisement
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
BankInovation
JUNE 29, 2022
Amazon.com Inc.’s cloud-storage business is on a clear path toward a $3 trillion value, almost triple what the whole company is worth now in the stock market, according to a Redburn Ltd. analyst. The unit, Amazon Web Services, is so powerful that the company may decide at some point to split it off from the […].
The Paypers
JUNE 29, 2022
UK-based fintech Paysafe and global card issuer and payments processor Mastercard have announced the integration of Mastercard Send into Paysafe’s payments platform.
The Paypers
JUNE 29, 2022
American big tech Oracle has launched a new payment processing service that enables restaurants to avoid excessive costs while giving diners choice in how they pay.
Advertisement
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.
American Banker
JUNE 29, 2022
The Paypers
JUNE 29, 2022
PayPal has expanded its credit offerings with a new business credit card to meet financing needs of small business owners in the US.
The Paypers
JUNE 29, 2022
Telkomsel , an Indonesia-based mobile network operator, has partnered with IPification , a provider of mobile network-based authentication, user verification, and fraud prevention solutions.
Advertisement
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.
The Paypers
JUNE 29, 2022
Norwegian content management platform Sanity has partnered with ecommerce platform Shopify.
The Paypers
JUNE 29, 2022
France-based customer care solutions company Teleperformance has partnered with PCI Pal to expand payment methods for UK-based enterprise customers.
Advertisement
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.
Expert insights. Personalized for you.
406 
Let's personalize your content