Tue.Mar 22, 2022

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5 Takeaways From Our Webinar: The ROI on Transforming Credit and Lending Customer Outreach

Perficient

With inflation at a 40-year high and the economic ramifications of the COVID-19 pandemic still looming, many people are falling into delinquency, making revamping outdated debt collection practices a higher priority for financial institutions than ever. In their recent webinar, The ROI on Transforming Credit and Lending Customer Outreach , Perficient’s Byron Gifford and Scott Albahary discussed tried and true debt collecting methods, why they’re important, and how financial services institutions

Lending 294
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Retail, financial trade groups beg for coins

Payments Dive

A U.S. coin shortage subsided for a bit early last year, but the problem is back. That led a group of trade organizations to complain to the Treasury Department this week, and to ask for help in making consumers aware of the coin crisis.

Groups 243
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Thanks for the adventure, Mike Lee

ATM Marketplace

Tom Harper, CEO of Networld Media Group and ATMIA's founding director, shares memories of Mike Lee, who is retiring as CEO of ATMIA in June.

Groups 121
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ChargeAfter raises $44M as competition grows

Payments Dive

The New York-based company is stockpiling dollars as new and old payments players arrive in the buy now-pay later arena. Consumers are predicted to increase their BNPL spending, but the service also faces regulatory scrutiny.

New York 243
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Oligarch linked to billions in 27 Swiss bank accounts in sister’s name

TheGuardian

Leaked documents raise questions over financial relations between relatives of billionaire ex-Arsenal shareholder Alisher Usmanov Billions of pounds linked to the Russian oligarch Alisher Usmanov and his business empire appear to have been held in secret Swiss accounts belonging to his family, an analysis of leaked documents suggests. Usmanov’s 56-year-old sister, Saodat Narzieva, appears to have been the one-time beneficial owner of at least 27 secret corporate accounts at Credit Suisse, includ

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Citi Commercial Cards selects Marqeta for tokenized card provisioning

BankInovation

Citi Commercial Cards will deploy payments fintech Marqeta to support tokenized card access for its corporate customers. Marqeta will integrate with Citi Commercial Cards, which operates under the umbrella of $2.3 trillion Citigroup, to support network agnostic provision of corporate physical and virtual cards into secure mobile wallets, a Citi spokesperson told Bank Automation News. […].

Cards 97
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NatWest to launch ‘buy now, pay later’ credit scheme this summer

TheGuardian

First UK high street bank moves into lucrative yet unregulated payment sector NatWest is to join the booming but controversial “buy now, pay later” market this summer, becoming the first UK high street bank to announce a move into the multibillion-pound sector. The bank is still majority taxpayer-owned – though only just, as the government stake is now about 51% – after a state bailout during the financial crisis.

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Nimble cloud infrastructure is key to banks’ customer-focused strategies

BankInovation

The decision to change cores is often cost-driven, but that’s shifting as banks move from product-focused strategies to customer-focused strategies. “I would say that discussion is moving much more into a strategic conversation around ‘If I don't change my core, am I actually able to keep up with my client demands?’” said Peter Pollini, banking […].

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Estate planning priorities: Take inventory.

PopularBank

This is Part 2 in a three-part blog series that highlights key aspects of the estate planning process. There are many estate planning strategies, including some that are implemented inter vivos (during life), such as making gifts, and others post-mortem (after death), such as disclaimers. Before choosing which strategies are right for you, familiarize yourself with the basics of estate planning , which can then help you identify important priorities to consider.

Taxes 94
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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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Burroughs Accelerates Growth with Rapid Expansion in Canada

ATM Marketplace

Burroughs, Inc., North America’s largest independent services partner for the full lifecycle management of cash automation, self-service, IoT, and related technology solutions has expanded its field service operations throughout Canada.

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Inside Marketing: Navigating The Changing Credit Union Landscape In 2022

William Mills

Key marketing strategies focus on member data, increasing online brand presence and leveraging social media. The proliferation of financial service channels has fundamentally changed the way credit unions approach marketing to members and prospects. No longer can marketing strategies be based simply on engaging and friendly in-branch promotions.

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Funding to the digital lending space is smashing records. Here’s what’s driving the boom

CB Insights

Digital lending is booming as startups leverage new technology to streamline processes that are traditionally time-consuming and expensive. Investors poured nearly $21B into the space in 2021, a 90% increase from 2020 and an all-time high. Want the full post? Become a CB Insights customer. If you’re already a customer, log in here. The post Funding to the digital lending space is smashing records.

Lending 63
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How to survive inflation.

PopularBank

With inflation in the United States climbing at the highest rate in nearly 40 years, now is the time as a smart saver to take steps to make your money last. But before we talk about how to survive inflation , it’s important to know what inflation is. Inflation measures rising prices over time, and economists determine inflation by comparing price indexes that group and track the cost of select items.

How To 52
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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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Better SME Lending Systems Key To Winning Back Businesses Post-pandemic

FICO

The Impact of COVID-19 on SMEs. The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process. To better understand what was happening in the small business market FICO examined research conducted in 2019 and 2021 to provide a before and after compa

Lending 52
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High-stakes trial could complicate BMO’s deal for Bank of the West

American Banker

Industry 101
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Glia raises USD 45 mln in Series D funding

The Paypers

US-based Glia , a provider of Digital Customer Service (DCS), has raised USD 45 million in Series D funding led by Insight Partners and joined by Wildcat Capital Management.

Capital 41
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Where will banking regulators go next on climate policy?

American Banker

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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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Mastercard and Ukheshe roll out virtual card solution in South Africa

The Paypers

South Africa-based fintech enablement partner Ukheshe Technologies has started to process payments for Mastercard ’s Track Instant Pay solution.

Cards 45
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Why some challenger banks are ‘rebundling’ products that fintechs stripped away

American Banker

Fintech 84
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Payment fraud attacks saw a 70% increase in 2021, Sift report says

The Paypers

US-based fraud prevention platform Sift has released its Q1 2022 Digital Trust & Safety Index, detailing the increasingly sophisticated tactics cybercriminals leverage to commit payment fraud.

Fraud 36
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JPMorgan hires diversity chief from Wells Fargo

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.

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Shopify launches link-in-bio tool Linkpop to streamline social commerce

The Paypers

Ecommerce platform Shopify has announced the launch of a link-in-bio tool called Linkpop, in order to target social media influencers promoting online purchases.

Tools 36
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TransUnion South Africa hacked; attackers say password was ‘password’

American Banker

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Avarda, Aiia to improve digital payment experience

The Paypers

Nordic-based payment service provider Avarda has partnered with Aiia, a Mastercard company , to enable Open Banking payments through its white-label payment solutions for retailers and merchants.

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How First Tech Fed avoids being overshadowed in Silicon Valley

American Banker

Fintech 69
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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.