Mon.Feb 20, 2023

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How To Do Better Against National Bank Lending Competition

South State Correspondent

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. Understanding the competitive banking landscape helps community banks set proper pricing, respond to rival marketing, and compete more effectively.

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Cruel ‘scam of mum and dad’ sparks a regulatory crackdown

TheGuardian

Rules are set to be tightened to help reimburse victims of fraudsters exploiting parents’ instinct to help their offspring The text message began: “Hi Dad!”. The sender informed pensioner Graham Price* that their phone had fallen down the toilet, so they were using a temporary number while it was repaired. Chattily, they mentioned the number change had locked them out of online banking when they had an urgent bill to settle.

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The Language of Bribery and the Challenge of Anti-Corruption Communications

BankInovation

The Foreign Corrupt Practices Act (FCPA) is a widely enforced anti-corruption law. While many corporations and individuals are aware of the hefty consequences that come with violating this law, there is a need for further education. Intentional criminal activity is one thing, but a more subtle issue lies beneath the surface.

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Payoneer receives EMI license from UK's FCA

The Paypers

US-based financial technology company Payoneer has received an Electronic Money License (EMI) from the UK’S Financial Conduct Authority ( FCA ).

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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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Hack me if you can

American Banker

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Is the Digital Wallet Plan from Big Banks Just About Butting Heads with PayPal?

The Financial Brand

This article Is the Digital Wallet Plan from Big Banks Just About Butting Heads with PayPal? appeared first on The Financial Brand. The sketchy details released so far by the seven big U.S. banks behind Zelle have prompted mostly skepticism. But what's still unsaid? This article Is the Digital Wallet Plan from Big Banks Just About Butting Heads with PayPal?

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Japan to test digital yen use via a pilot programme

The Paypers

The Bank of Japan has revealed its plans to launch a pilot programme to test the use of the digital yen after two years of experiments in April 2023.

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The Fed faces an identity crisis

American Banker

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Access Bank partners with Connected Analytics

The Paypers

Nigeria-based financial institution Access Bank has partnered with rewards platform Connected Analytics to launch a new product, Access Rewards.

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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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How Amalgamated Bank's Priscilla Sims Brown leads with purpose

American Banker

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Russian search engine Yandex adds crypto to its currency converter

The Paypers

The Russia-based Yandex search engine has updated its currency converter and now shows cryptocurrency rates in a number of fiat currencies.

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Client relationship-building still needs a human touch

American Banker

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Central Bank of Russia to test digital ruble transactions

The Paypers

The Central Bank of Russia has revealed its plans to launch a series of tests involving digital ruble transactions between real customers.

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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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Bolt plans further expansion into Africa

The Paypers

Estonia-based e-hailing company Bolt has planned to further expand into Africa with a EUR 500 million investment aiming to create new opportunities for drivers on the continent.

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The UAE to launch digital procurement solution

The Paypers

The UAE Ministry of Finance has launched the third phase of its Digital Procurement Platform to improve government spending efficiency and digitise the procurement process.

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Starcart partners Enfuce for embedded payments

The Paypers

Finland-based fintech Enfuce has partnered with disruptive ecommerce aggregator startup Starcart to provide to its retailers and shoppers embedded virtual card payments.

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Chase to launch new monthly cashback offer

The Paypers

UK-based digital bank Chase has announced the launch of its rewards programme with monthly cashback and the introduction of interest on current account balances.

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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.

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Instacart adds new earning features

The Paypers

US-based retail enablement platform Instacart has announced the launch of two features designed to help shoppers on its platform with more earning opportunities.

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FinTech Alliance partners with Seedrs

The Paypers

UK-based digital engagement company FinTech Alliance has announced its partnership with investment platform Seedrs to connect companies with potential investors.

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Tazapay receives MPI licence approval from MAS

The Paypers

Singapore-based fintech Tazapay has received in-principle approval for a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS).

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Fintellect partners with Nordigen

The Paypers

Financial management application Fintellect has partnered with UK-based Open Banking provider and GoCardless company Nordigen for SMEs’ development.

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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.

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Samsung Pay partners with Naver Pay for mobile payments in South Korea

The Paypers

Samsung Pay has joined forces with South Korea-based mobile payments provider Naver Pay to strengthen each other’s businesses across South Korea.

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Revolut launches credit cards in Ireland

The Paypers

Global financial application Revolut has announced the launch of its new flexible and feature-filled credit cards for customers and clients in Ireland.

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Shieldpay partners Fenergo to improve risk monitoring

The Paypers

UK-based digital payments company Shieldpay has partnered Ireland-based CLM provider Fenergo to create a comprehensive CLM system.

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