Payments Dive

MAY 19, 2022

The chain plans to open locations on Long Island and in the Garden State, expanding its use of the cashierless payment technology and hiring "hundreds" of workers.

Technology 243

Technology Payments 243

BankInovation

MAY 19, 2022

SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few actually succeed,” Starling Bank founder and Chief Executive Anne Boden said Wednesday at FinovateSpring 2022. “Everybody wants to transform, everybody wants to be a new, innovative, creative player,” Boden said. “But actually, launching a digital […].

San Francisco 98

San Francisco Strategy Lending Community 98

Payments Dive

MAY 19, 2022

The voice app company SoundHound AI is rolling out a service for restaurants with Block's Square that answers phone calls, takes orders, accepts modifications and sends confirmations to complete payments.

Tools 221

Tools Payments Company 221

BankInovation

MAY 19, 2022

Commercial banks are still playing catch-up when it comes to digital account opening, even as more business banking customers move online. Commercial customers are moving their businesses online, with 32% of 127 banking executives surveyed saying their clients now primarily interact via mobile and 29% interact by desktop, according to a recent report by Phoenix-based […].

Phoenix 98

Phoenix Digital Banking Survey Online 98

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

Lending

Payments Dive

MAY 19, 2022

SpotOn plans to use the capital to develop new products and services, the San Francisco-based company said. The funding round was led by Dragoneer Investment Group.

San Francisco 221

San Francisco Payments Capital Groups 221

Payments Dive

MAY 19, 2022

A proposal to subject certain severance agreements to a shareholder vote — which the board was not in favor of — was approved during Fiserv’s annual meeting Wednesday.

Meeting 195

Meeting 195

BankInovation

MAY 19, 2022

As the $26 billion Arvest Bank looks to modernize its technology stack and move to the cloud, APIs will be key. Chief Product and Strategy Officer Richard Pulliam, an API veteran, was hired earlier this month by the Fayetteville, Ark.-based bank to help revamp its legacy systems. Pulliam has been working with APIs going back […].

Strategy 98

Strategy System Technology 98

Payments Dive

MAY 19, 2022

The company plans to try out facial recognition and hand-scanning technology in multiple countries.

Tools 243

Tools Retail Technology Company 243

CFPB Monitor

MAY 19, 2022

Opportunity Financial, LLC (OppFi) has filed a Demurrer to the cross-complaint filed by the California Department of Financial Protection and Innovation (DFPI) in which it asks the California trial court to reject the DFPI’s attempt to apply California usury law to loans made through OppFi’s partnership with FinWise Bank (Bank) by alleging that OppFi is the “true lender” on the loans.

California 78

California Utah United States FDIC 78

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

Report

CB Insights

MAY 19, 2022

SpotOn , a software and payments processing company, has raised $300M in a Series F. The round drew participation from Dragoneer Investment Group, Andreessen Horowitz, and DST Global, 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 clas

Software 67

Software Retail Regional Payments 67

CFPB Monitor

MAY 19, 2022

Just one day after announcing that it was launching a new system to provide guidance to other agencies with consumer financial protection responsibilities on how the CFPB intends to enforce federal consumer financial laws, the CFPB released its first Consumer Financial Protection Circular (2022-02) addressing deceptive representations involving the FDIC’s name or logo or deposit insurance.

FDIC 78

FDIC Exercises System Regulation 78

The Paypers

MAY 19, 2022

TrueLayer , a UK-based Open Banking platform, has announced that The Credit Thing has implemented its recurring payments API.

Payments 78

Payments 78

CFPB Monitor

MAY 19, 2022

The Connecticut Department of Banking (“Department”) has issued a temporary cease and desist order (“Order”) that directs SoLo Funds, Inc., (“SoLo”) a fintech company that uses peer-to-peer technology to assist consumers in obtaining small dollar loans from third-party lenders, to immediately stop engaging in such activity because it is not licensed as a small loan company in Connecticut.

Connecticut 78

Connecticut Operations Fintech Regulation 78

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.

Lending

CB Insights

MAY 19, 2022

in3 , a buy now, pay later (BNPL) startup, has raised $85M in a mix of debt and equity. The Series B equity round drew participation from Finch Capital and Force Over Mass Capital, and the debt financing was provided by Waterfall Asset Management. <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

Regional 60

Regional Fintech Capital Data 60

FICO

MAY 19, 2022

FICO’s chief analytics officer Dr. Scott Zoldi is not just an in-demand speaker on the hot topic of Responsible AI for industry events – his recent engagements include talks at Urban League, The American Physical Society, FinRegLab and FICO World – but also at top universities teaching the next generation of data science and business leaders. We caught up with FICO’s “big man on campus” after his recent college tour, at which he lectured and/or met with students at the Massachusetts Institute of

San Diego 52

San Diego Analytics Tools Data 52

The Paypers

MAY 19, 2022

TrueLayer , a UK-based Open Banking platform, has announced that The Credit Thing has implemented its recurring payments API.

Payments 69

Payments 69

American Banker

MAY 19, 2022

Report 101

Report Data Cyber Security Compliance 101

Advertisement

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.

US

The Paypers

MAY 19, 2022

UK-based fintech credit and payment company MarketFinance has received GBP 100 million from Deutsche Bank to support new lending to UK SMEs.

Lending 52

Lending Fintech Payments Company 52

American Banker

MAY 19, 2022

Community Bank 88

Community Bank Community 88

The Paypers

MAY 19, 2022

Global payment processor and card issuer Mastercard has announced it launched a new Biometric Checkout programme in the UAE.

Cards 55

Cards Payments 55

American Banker

MAY 19, 2022

Regulation 81

Regulation Payments Compliance 81

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.

Compliance

The Paypers

MAY 19, 2022

UK-based payments platform APEXX Global has teamed with fintech Global Payments to offer multiple Buy Now, Pay Later providers.

Payments 48

Payments Fintech 48

American Banker

MAY 19, 2022

Capital 74

Capital Lending 74

The Paypers

MAY 19, 2022

US-based fintech Plaid has added a biometric identity verification solution with KYC and AML capabilities for its onboarding platform.

Fintech 45

Fintech US 45

Bankelele

MAY 19, 2022

The 9th annual East Africa Property Investments (EAPI) Summit was staged in Nairobi this week after a two-year hiatus and brought together over 300 people who are involved in investments, the management and financing of commercial real estate and other property developments. The break in between occasioned, by covid-19 did not result in a disruption […].

Management 28

Management 28

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.

Lending