Wed.Apr 06, 2022

article thumbnail

Crypto buyers see long-term investment value

Payments Dive

As cryptocurrency adoption grows worldwide, many Americans are increasingly interested in it, according to several new surveys. However, many consumers acknowledge they still don’t fully understand cryptocurrencies.

article thumbnail

Capture more of the finance market – 3 approaches

Accenture

The auto and equipment finance market is growing worldwide. Most current lenders are doubling down on their commitments, while other companies are excited to explore the opportunities. Whichever you are, there are three different approaches you could take—you could build a new business from scratch, buy an existing business or partner with a finance business….

Marketing 317
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

United Kingdom Non-Fungible Token: Coming Soon

Perficient

While there are many observers and consultants to help U.S. clients monitor cryptocurrency and crypto-tech developments, Perficient is committed to providing current and potential clients news of crypto developments around the world. In early April, during Fintech Week 2022, John Glen, who serves as Economic Secretary to the Treasury for the United Kingdom, addressed the Innovate Finance Global Summit.

article thumbnail

How convergence is fueling growth in payments

Accenture

One of the most remarkable things about payments right now is how easy they are to miss. Not that long ago, moving money around was a multi-step process that demanded one’s attention. You’d go to the ATM to get money, then go shopping, hand some over, and get some back. But today, thanks to technologies…. The post How convergence is fueling growth in payments appeared first on Accenture Banking Blog.

Payments 300
article thumbnail

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

article thumbnail

Russian Mir payments may benefit from US exit

Payments Dive

While overall Russian card payments volume is expected to decline as U.S. card companies exit the country, Russia's Mir payments system and related cards may benefit, according to new research. U.S. payments companies are expected to forgo about $2.4 billion in annual revenue.

US 243

More Trending

article thumbnail

Startup Fast abruptly shuts down

Payments Dive

The one-click checkout startup announced Tuesday it’s shutting down, despite the CEO promising heady growth this year as recently as January. Fast will "permanently discontinue" its Fast Checkout service on April 15, the company said.

Company 221
article thumbnail

Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." WATCH. Takeaway 1 Financial institutions must revise their incident response and business continuity procedures to meet new requirements by May 1, 2022.

Security 195
article thumbnail

TD Bank sets sights on end-to-end accounts payable automation

BankInovation

TD Bank’s strategy for commercial payments leans on back-office process automation. While the $1.73 trillion Toronto-based bank has been digitizing its payments capabilities for several years, the pandemic accelerated the process for TD customers who may have been reticent to invest in automation. The bank’s commercial customers realized that existing “paper-pushing,” manual processes were not […].

article thumbnail

Contract management software LinkSquares raises $100M. LinkSquares competitors include Agiloft, Conga, Contract Safe, ContractPodAi, Evisort, Hyperlex, Icertis, Ironclad, Trato, and Volders.

CB Insights

LinkSquares , a provider of contract management software, has raised $100M in a Series C. The round drew participation from G2 Ventures and G Squared, 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 &#

article thumbnail

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

article thumbnail

Fintech rolls out no-code smart contract solution to banks

BankInovation

The Tassat Group is offering banks a no-code approach to using smart contracts on blockchain to support payment logic within its TassatPay payments platform. TassatPay provides an individual blockchain for banks as well as digital wallet and tokenization capabilities. The fintech began marketing that offering in the first quarter of 2021. The new solution, Smart […].

Fintech 98
article thumbnail

Worldpay to offer direct USDC settlement

The Paypers

US-based Worldpay from FIS has given merchants the ability to receive settlement directly in USD Coin (USDC).

US 81
article thumbnail

Transactions: Grasshopper leverages FiVerity for commercial banking fraud solution

BankInovation

Grasshopper, a $298.9 million digital consumer bank, has selected digital fraud analytics provider FiVerity to mitigate fraud in its commercial banking originations. FiVerity uses machine learning to identify fraudsters at the origination stage. Grasshopper President and CEO Mike Butler saw FiVerity’s “potential to move this model over into the commercial space,” FiVerityGreg Woolf, founder and […].

Fraud 97
article thumbnail

BeamUp, a software developer creating digital twins for building management, raises $15M. BeamUp competitors include Avvir, Buildots, INDUS.AI, OnSiteIQ, OpenSpace, SiteAware, and Swapp.

CB Insights

BeamUp , a commercial real estate design and lifecycle management platform, has raised $15M in a seed VC round that drew participation from StageOne Ventures and Ibex Investors, among others. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in 2021. First name. Last name.

article thumbnail

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.

article thumbnail

Podcast: How donor-advised funds fit into bank strategy

ABA Community Banking

Often described as "charitable savings accounts" or "charitable checkbooks," donor-advised funds are one of the fastest-growing charitable vehicles. Evan Sparks talks about how banks of all sizes are building DAFs into their wealth management strategies. The post Podcast: How donor-advised funds fit into bank strategy appeared first on ABA Banking Journal.

article thumbnail

Deepki, an ESG data intelligence service for real estate developers, raises $167M. Deepki competitors include GRESB, Measurabl, and RepRisk.

CB Insights

Deepki , an environmental, social, and governance (ESG) platform, has raised $167M in a Series C that drew participation from Highland Europe, One Peak Partners, and Statkraft Ventures, among others. Free Download: the State of energy. 2021 global energy funding increased 260% from 2020. Get our full report to find out all the trends. First name. Last name.

Data 60
article thumbnail

5 ways to prevent tax fraud.

PopularBank

Tax season is quickly coming up — April 18 for most taxpayers (with an extension until October 15 if you need it). This means it’s also high season for scammers who may try to grab your personal information online to use not just at tax time, but at any time. Which means you need to be extra cautious in the steps you take to prevent tax fraud. Here are 5 ways to help you prevent tax fraud — and what you can then do with your tax refund. 1.

Taxes 52
article thumbnail

Banks awarded for increased investment in distressed communities

ABA Community Banking

The Treasury Department’s Community Development Financial Institutions Fund today awarded $26 million to 158 FDIC-insured banks through the fiscal year 2021 round of the Bank Enterprise Award Program. The post Banks awarded for increased investment in distressed communities appeared first on ABA Banking Journal.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

Yellen emphasizes need for multilateralism as Russia sanctions escalate

American Banker

article thumbnail

Thales opens cyber Security Operations Centre in Morocco

The Paypers

Technology company Thales has launched a new cyber Security Operations Centre (SOC) in Morocco for real-time protection against cyber-attacks.

article thumbnail

The beginning of the end of the US dollar?

The Banker

Such is the extent of the sanctions imposed on Russia for its invasion of the Ukraine, especially freezing its assets abroad, that more countries will in theory strive harder to avoid the US dollar. By Justin Pugsley.

US 36
article thumbnail

FDATA NA, Paytechs of Canada release survey on Open Banking in Canada

The Paypers

FDATA North America and Paytechs of Canada have commissioned a landmark survey showcasing Canadian consumers’ and SMBs’ attitudes towards the financial sector and Open Banking.

Survey 43
article thumbnail

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.

article thumbnail

MVP Technology Framework: Payment Acceptance Methods for Vendors

CB Insights

CB Insights examined payments tech markets using the MVP framework. This methodology scores top tech markets across two metrics: Market momentum — Measures private market activity as a signal of the degree of overall market potential. Signals include the number of startups, the amount of capital invested, and the relative maturity of startups in the space, among others.

article thumbnail

Who deserves to know about bank cyberthreats?

American Banker

article thumbnail

Checkout.com sheds light on digital currencies adoption for payments

The Paypers

Payments provider Checkout.com has released a new report, pointing to increasingly positive trends in the adoption of digital currencies for ecommerce.

article thumbnail

Republic First tempts further backlash as it delays annual meeting

American Banker

Meeting 78
article thumbnail

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.