Ramp jumps into cross-border payments
Payments Dive
SEPTEMBER 9, 2022
The fintech startup is adding services as it targets a bigger bite of the $120 trillion business-to-business payments market.
Fri.Sep 09, 2022
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How can banking ops help increase productivity
Accenture
SEPTEMBER 9, 2022
So far, in this series of blogs on the evolution of banking operations for the digital era, we’ve looked firstly at how banks can gain competitive advantage from bringing ops and tech closer together and then at how operations can help design and deliver compelling digital experiences for customers. In this third instalment, we home…. The post How can banking ops help increase productivity appeared first on Accenture Banking Blog.
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Inflation Trends Look Positive
South State Correspondent
SEPTEMBER 9, 2022
Inflation Trends Look Positive. Treasuries are well bid this morning after reacting negatively to Fed Chair Powell’s Cato conference comments yesterday that didn’t retreat from any of the hawkishness of Jackson Hole. Treated negatively yesterday, this morning the Treasury rally is being explained as “investors feeling rate hikes are getting close to being fully priced in.
Google invests in new cohort of Black entrepreneurs
Payments Dive
SEPTEMBER 9, 2022
The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.
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
Running Up That Bill: Collections Lessons from Stranger Things
SWBC's LenderHub
SEPTEMBER 9, 2022
In season four of Stranger Things, Eleven and the crew battle an ambiguously undead supervillain and his cadre of squelching vines and vampiric bats in the Upside Down to save the world.
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More Trending
Revolut wants to compete with PayPal and Apple at online checkouts
BankInovation
SEPTEMBER 9, 2022
Revolut Ltd. is launching a one-click payment feature in a bid to rival PayPal Inc. and other tech giants at online checkouts. Revolut Pay has signed up retailers including Shopify Inc., Prestashop, WH Smith Plc and Funky Pigeon, and will be available within the airline industry in the coming months, according to a statement from […].
Wise Platform rolls out SWIFT receive service, announces six new partnerships
The Paypers
SEPTEMBER 9, 2022
UK-based remittance platform Wise has launched SWIFT Receive service, so customers from banks can receive cross-border payments, even if the bank is not connected to SWIFT.
Newly rebranded Verimore Bank showcases tech transformation
BankInovation
SEPTEMBER 9, 2022
Verimore Bank, formerly First Missouri Bank, recently underwent a complete core conversion that focused on enhanced digital offerings and in August rebranded to better reflect its ability to deliver advanced technology services. The $377 million Missouri-based community bank is now able to provide tech-focused mobile and business banking “a little more seamlessly,” Chief Executive Kristie […].
Research shows variable recurring payments could end subscription traps
The Paypers
SEPTEMBER 9, 2022
YouGov and TrueLayer have published a research showing that the majority of people would still use subscriptions if they were easier to cancel and manage.
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
Belvo receives Citi Ventures investment
BankInovation
SEPTEMBER 9, 2022
Open finance API platform Belvo announced that it has received an investment from Citi Ventures to expand its footprint into Latin American countries. The amount of capital invested was not disclosed. Sao Paulo, Brazil-based Belvo has raised a total of $56 million over six funding rounds. The fintech’s collaboration with Citi Ventures will help facilitate […].
Zai partners TerraPay to boost global cross-border payments
The Paypers
SEPTEMBER 9, 2022
Global fintech specialised in embedded finance orchestration solutions, Zai , has joined a strategic partnership with TerraPay , a global payments infrastructure company to enhance scalability.
3 Reasons why partnerships are the key to longevity for banks
BankInovation
SEPTEMBER 9, 2022
Over the last decade, neobanks and fintechs have established themselves as key players in the financial industry, with more customers than ever before choosing their services over traditional banks. As the pace of change quickens and competition heats up, partnerships between banks and fintechs are becoming increasingly sought after. At Wise Platform, we work with […].
Bitcoin surges past USD 20.000 barrier
The Paypers
SEPTEMBER 9, 2022
Bitcoin has managed to surge past the USD 20.000 barrier and is eyeing its best day in six weeks on Friday 09.09.2022, with no particular triggering event, as the USD fells broadly.
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.
Bank of America commits $25 million of capital to minority-led CDFIs
American Banker
SEPTEMBER 9, 2022
11 ADIs partner with Adatree as CDR representatives
The Paypers
SEPTEMBER 9, 2022
Eleven authorised deposit-taking institutions have signed with data intermediary Adatree to access Open Banking data as Consumer Data Right representatives, according to Banking Day.
Square and Sage partner to help SMB customers manage their finances
The Paypers
SEPTEMBER 9, 2022
US-based payments platform Square has partnered with UK-based payroll technology provider Sage in order to help small businesses take more control of their finances.
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.
Nubank joins Open Finance
The Paypers
SEPTEMBER 9, 2022
Nubank , a Brazil-based neobank, has joined Open Finance, a Central Bank system allowing institutions to share among themselves customers’ financial data.
Allied Bank selects BPC to launch Merchant Acquiring business
The Paypers
SEPTEMBER 9, 2022
Allied Bank has selected BPC to enable digital payment acceptance as a Merchant Acquirer to contribute toward expansion of digital payments ecosystem.
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.
ComplyCube unveils improved support for Arabic IDs
The Paypers
SEPTEMBER 9, 2022
UK-based identity verification platform ComplyCube has improved the accuracy and success rate of its document verification service for Arabic IDs.
North Dakota credit unions want their slice of the 'resolution' pie
American Banker
SEPTEMBER 9, 2022
Allianz Trade and France's Pledg launch B2B BNPL solution
The Paypers
SEPTEMBER 9, 2022
Insurance company Allianz Trade has teamed up with French fintech Pledg to create a Buy Now, Pay Later solution for B2B ecommerce websites.
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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