Payments Dive

SEPTEMBER 23, 2022

Sen. Elizabeth Warren called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year.

Payments 398

Payments 398

Accenture

SEPTEMBER 23, 2022

Central bank digital currency (CBDC) has met with sustained skepticism, in particular from certain financial institutions. Opponents fear it may disrupt the banking system and undermine existing banks’ business models. Proponents argue that CBDC will equip the financial system with new capabilities and encourage diversification in payments. We believe the net effect of a CBDC….

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System Payments cryptocurrency 195

Payments Dive

SEPTEMBER 23, 2022

A majority of vendors said their customers aren’t ready to stop using checks, although check use among accounts payable teams fell 10% compared to last year, MineralTree’s report revealed.

Payments 222

Payments Report 222

South State Correspondent

SEPTEMBER 23, 2022

The Fed and Their Forecasts. Now that the FOMC meeting has come and gone, and the Treasury and equity markets have resumed their selling as a consequence, let’s take a look at those forecasts and see what they might tell us. A year ago, the Fed was declaring rates would be lower for longer, and that they wouldn’t be tightening rates until 2024, at the earliest.

Marketing 195

Marketing Meeting US 195

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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

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CFPB Monitor

SEPTEMBER 23, 2022

The CFPB recently issued a Request for Information Regarding Mortgage Refinances and Forbearances (RFI ) Comments on the RFI will be due 60 days after publication in the Federal Register. In the release announcing the RFI, the CFPB states that the RFI “is an example of the CFPB’s new approach to promoting competition and new products.” “Rather than providing special regulatory treatment of individual firms, the CFPB will seek to identify stumbling blocks for those seeking to challenge the statu

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Marketing Examples Payments Regulation 148

Bobsguide

SEPTEMBER 23, 2022

Prometeia has ranked 72nd in the worldwide 2022 IDC FinTech Rankings, an annual ranking of the 100 biggest hardware, software and service providers to the financial services industry from around the world. Prometeia has been named in the list for the third consecutive year. To view the list in its entirety, please visit here: [link]. “We are honored to have been once again recognized among the top technology vendors for financial institutions in this prestigious ranking,” says Angelo Tantazzi, C

Fintech 97

Fintech Software Industry Financial Technology 97

TheGuardian

SEPTEMBER 23, 2022

From scrapping the cap on bonuses to slashing red tape, the chancellor unveils a raft of policies he says will boost economic growth Banks will be among the biggest beneficiaries of Kwasi Kwarteng’s mini-budget after he announced a raft of policies to help costs, boost profits, lure staff, fuel house prices and slash red tape. Continue reading.

Policies 98

Policies 98

BankUnderground

SEPTEMBER 23, 2022

Emily Clayton and Martina Fazio. Debt creates threads between the financial system and the real economy. These threads transmit shocks across a web of connections, meaning that financial shocks may pose risks to households and businesses, and real-economy shocks may jeopardise financial stability. These threads can also become entangled into knots – sources of inefficiency.

Policies 94

Policies System Lending Tools 94

ATM Marketplace

SEPTEMBER 23, 2022

One of the best ways to combat dips ATM revenues is to expand your portfolio to include forms of retail payment beyond cash.

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ATM Retail Payments 101

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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

Report

Bobsguide

SEPTEMBER 23, 2022

Finastra and Visa announce global BaaS offering integrating Visa Direct. New service will enable thousands of banks and financial institutions to offer faster cross-border payouts[1] for their customers via Visa Direct. London, UK – September 22, 2022 – Finastra and Visa (NYSE: V) today announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct[2] – which provides access to more than two billion accounts through p

Case Study 74

Case Study Innovation Payments Study 74

TheGuardian

SEPTEMBER 23, 2022

Chancellor maxes out with morally bankrupt budget that is anything but mini Live updates: Kwasi Kwarteng announces mini-budget Kwasi Kwarteng. What a guy! On Monday he put the fun into funeral with a few gags at Westminster Abbey. On Friday he puts the fizz into fiscal with an event – we would call it a budget were it not for the chancellor having gone out of his way to make sure the Office for Budget Responsibility couldn’t supply any figures to fact-check his economics – that was so high and w

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Taxes Policies 76

The Paypers

SEPTEMBER 23, 2022

Mastercard has partnered UAE-based noqodi to allow consumers to make contactless payments for select government and private sector services.

Payments 72

Payments 72

BankInovation

SEPTEMBER 23, 2022

Financial institutions are looking to snuff out fraudulent banking transactions in real time as consumers increasingly fall prey to online scammers. To combat this, KeyBank’s robotic process automation (RPA) technology can automatically block bots using bots of its own that may attempt to carry out fake transactions. Consumers reported losing more than $5.8 billion to […].

Fraud 52

Fraud Online Technology Report 52

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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.

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The Paypers

SEPTEMBER 23, 2022

Lithuania-based identity verification provider iDenfy has guaranteed safety for European Capital of Democracy (EcoD) when onboarding new applicants.

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Capital 68

BankInovation

SEPTEMBER 23, 2022

Seattle Bank is preparing to enter the banking as a service and embedded finance markets as part of its digital banking and post-core conversion strategy. The $752 million bank is exploring microservices, moving to the cloud and establishing vendor relationships with API-first, open-banking capabilities. The bank completed its core conversion to Finastra’s Fusion Phoenix in […].

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Seattle Phoenix Strategy Digital Banking 52

FICO

SEPTEMBER 23, 2022

Home. Blog. FICO. Retain and Grow Deposit Market Share as Interest Rates Rise. For deposit-taking institutions, a rising-rate environment presents both a challenge and an opportunity - and deposit price optimisation provides a strong solution. FICO Admin. Tue, 07/02/2019 - 02:45. by Neil Jennings. expand_less Back To Top. Fri, 09/23/2022 - 11:40. Following an unprecedented 10 years of record-low interest rates and multiple false dawns regarding rate increases, the return of inflation has finally

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Marketing Analytics Strategy Analysis 52

BankInovation

SEPTEMBER 23, 2022

Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced out of the market. Lenders using Open Lending’s artificial intelligence-powered underwriting can now offer 84-month loan terms for near and nonprime borrowers on new and used vehicles that are up to four years old with less than 60,000 miles, representing a […].

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Lending Fintech Marketing Retail 52

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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.

US

The Paypers

SEPTEMBER 23, 2022

Netherlands-based TerraPay has partnered NPCI International Payments Limited to enable seamless merchant payments via UPI-enabled QR codes.

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Payments 67

BankInovation

SEPTEMBER 23, 2022

Klarna Bank AB, months after announcing major job cuts and taking a $39-billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation, people familiar with the matter said. In a meeting this week, a manager in the internal engineering unit of the Swedish buy-now-pay-later company […].

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Meeting Operations Management Company 52

The Paypers

SEPTEMBER 23, 2022

US-based Uplift has extended its partnership with Allegiant by introducing the BNPL solution Allegiant Pay supported by Uplift on flights, hotel, and car rental bookings.

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US 36

BankInovation

SEPTEMBER 23, 2022

The pandemic precipitated a surge in contactless payments as most commerce shifted online and significantly accelerated the move to digital in the retail payments industry. More than 75% of Americans use some form of digital payment, with more than 50% of U.S. consumers shifting purchases online from brick-and-mortar stores since the onset of COVID-19, according […].

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Payments Online Retail Industry 52

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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.

Compliance

The Paypers

SEPTEMBER 23, 2022

UK-based PPRO has expanded its market coverage of Malaysia with the integration of GrabPay and Touch ‘N Go’s e-wallets in its payments infrastructure.

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Marketing Payments 36

BankInovation

SEPTEMBER 23, 2022

Citizen developers could prove essential for financial institutions (FIs) looking to ramp up automation efforts while avoiding compliance pitfalls. Banks that test applications using low-code platforms before pursuing full implementation can help free up valuable IT resources. However, fully entrusting citizen developers to integrate software such as Salesforce into core systems is risky, Tracie Cleveland […].

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Cleveland Resources Compliance Software 52

American Banker

SEPTEMBER 23, 2022

Technology 85

Technology 85

The Paypers

SEPTEMBER 23, 2022

FairMoney , a credit-led mobile banking platform for emerging markets in Africa and Asia, has partnered with Oradian , a cloud-based core banking system.

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System Mobile Marketing 36

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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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