Wed.Feb 01, 2023

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CFPB attacks credit card late fees

Payments Dive

The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

Cards 418
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Interest rate forecasts in today’s market: Planning your ALM position

Abrigo

Where rates are headed As regulators focus on interest rate forecasts, remember that flattening, steepening, or inverting yield curves can influence your projections. You might also like this on-demand webinar, "Deposit strategies for funding challenges" WATCH Takeaway 1 Many financial institutions are questioning where rates are headed and how to structure their ALM strategies accordingly.

Marketing 195
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Zip pauses acquisitions

Payments Dive

The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

US 273
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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

Key themes emerging from AOBA can help guide industry leaders’ strategic discussions. Scottdale, Arizona was chillier than normal this week, but that didn’t prevent bankers from having heated discussions about 2023 at this year’s Acquired or Be Acquired conference, hosted by Bank Director. Where else can somebody find 1,700 banking industry leaders dressed in business attire at 7:30 a.m. on a Sunday morning?

Arizona 148
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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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UK Seeks CBDC Expertise for ‘Digital Pound’

Banking Exchange

The UK’s treasury department is advertising for three roles as it explores the potential of cryptocurrencies Payments Duties Human Resources Feature Feature3 Blockchain Bitcoin Cryptocurrency

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Brace for Challenging 2023, Community Banks Told

Banking Exchange

Research by S&P Global shows increased borrowing and declining credit conditions could push up costs substantially Community Banking Feature3 Feature The Economy Financial Research Financial Trends

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Adani Group abandons share offer as crisis triggered by fraud claims escalates

TheGuardian

Relentless selling triggers questions about how Indian conglomerate – which denies allegations – will meet its loan obligations Why has the Adani Group shed US$90bn in value and what do short sellers have to gain? Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails , free app or daily news podcast Beleaguered Indian conglomerate Adani Group has abandoned a much-vaunted share offer in an escalating crisis triggered by fraud claims that has cut more

Groups 81
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Splash Financial, FairPlay team up to eliminate decisioning biases

BankInovation

AI solution FairPlay and Splash Financial are teaming up to offer unbiased loan decisioning to the digital lending platform’s network of bank and credit union partners for student and personal loans.

Lending 52
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Pre-Delinquency Measures for Financially Vulnerable Customers

FICO

Home Blog FICO Pre-Delinquency Measures for Financially Vulnerable Customers How well individuals respond to pre-delinquency measures often hinges on the strategies lenders use to engage with them FICO Admin Tue, 07/02/2019 - 02:45 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Wed, 02/01/2023 - 10:45 Many households are in the midst of a cash-crunch.

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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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Transactions: Amazon, Stripe expand payments partnership

BankInovation

Amazon has selected fintech Stripe to assist with payment processing across its numerous businesses. The partnership is an expansion of a 2017 deal and will see Stripe help with volume across Amazon Prime, Audible, and Amazon Pay as well as other businesses of the e-commerce giant.

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Hong Kong to introduce new regulations on crypto assets and stablecoins

The Paypers

The Hong Kong Monetary Authority has revealed its intentions to introduce new regulations on crypto assets and stablecoins.

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Identity & geography

Tomorrow's Transactions

Identity and geography I live in the UK and I’m on an extended business trip to Australia. Like most people these days, I conduct most of life’s little chores through my mobile; or, at least, I’d like to. I purchased an Australian SIM card at the airport. You’d think the simplest way to top it… Continue reading Identity & geography The post Identity & geography first appeared on Consult Hyperion.

Mobile 39
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Venmo and PayPal available at checkout on Quick Books Online

The Paypers

Accounting software package developed by Intuit , Quick Books Online , has recently announced the integration with two popular alternative payment methods at checkout, Venmo and PayPal.

Online 41
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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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Banking, credit union, fintech industry layoffs: 2023

American Banker

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Oviva chooses iDenfy's full-stack identity verification

The Paypers

Switzerland-based health support digital platform Oviva has tapped iDenfy ’s biometric ID verification to ensure complete safety for the Oviva app users and their data.

Data 41
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Banks need to pick up the innovation torch as fintechs fade

American Banker

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UK government reveals crypto regulation plans

The Paypers

The UK government has revealed its plans to fully regulate crypto asset activities as part of the UK’s efforts to become a global crypto hub.

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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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What is the outlook for UK banking litigation in 2023?

The Banker

With a multitude of open avenues for litigation, here are the key areas that banks should keep tabs on in the coming year. Analysis by Jonathan Clark, Liu Hui and Elissa Foord of law firm Slaughter and May.

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Zeller launches financial services offering

The Paypers

Neobank Zeller has launched a financial services offering that includes a transaction account, debit card, and app, with retailer Officeworks acting as an issuer for the cards.

Cards 36
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The Simplicity of Social Media

Image Works Direct

Since its humble beginnings in the early 2000s, social media has become an integral part of many marketing strategies. It’s not only a useful way to promote new content and increase brand exposure, but also a great way to engage with your target audience and reach new audiences all over the globe.

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Ingenico and Splitit to bring white-label BNPL to physical checkouts

The Paypers

Ingenico has partnered with Splitit to bring one-touch Buy Now, Pay Later (BNPL) capability to physical checkouts using the former’s PPaaS and Splitit’s Instalments-as-a-Service solution.

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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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Houston digital-asset firm buying Chicago bank

American Banker

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Raylo raises GBP 110 mln

The Paypers

UK-based fintech Raylo has raised a GBP 110 million debt financing facility from NatWest and Quilam Capital to fund growth, product expansion, and increase access to tech.

Capital 36
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Powell to Congress: Fed can't protect economy from U.S. debt default

American Banker

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Moov raises USD 45 mln in Series B funding

The Paypers

US-based developer platform Moov has raised USD 45 million in a Series B round of funding led by Commerce Ventures to further develop its payments infrastructure.

US 36
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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.