Fri.Jun 24, 2022

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PayPal changes up its pricing

Payments Dive

In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system.

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“Try-‘N-Buy” Kore.ai’s AI Chatbot To See How It Can Enhance Your Bank’s Customer Experience

Perficient

Whether asking Siri to direct you to the nearest McDonald’s or inquiring about the weather to Alexa so you can decide whether to wear a jacket, many have grown accustomed to chatting with virtual assistants powered by artificial intelligence and machine learning to gather the information they seek. Given the convenience and intuition of such sophisticated virtual assistants, they have proved to be especially useful in enhancing customer service and the overall customer experience.

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Alviere sets sights on Europe, Latam expansion

Payments Dive

Embedded payments player Alviere has raised money from Silicon Valley Bank to support expansion in Europe and Latin America, following the hiring of a pack of new executives.

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How To Prepare For The Risk of Stagflation in Banking

South State Correspondent

We recently posted an article ( HERE ) about how the Federal Reserve is bursting the everything bubble, and this will cause pain for some banks in the form of interest rate, credit, and liquidity risk. One of the likely outcomes of this tightening cycle is stagflation, which will cause cash flow constraints for borrowers and create credit risk for banks.

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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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How to make Bitcoin ATMs more user friendly

ATM Marketplace

Recently ATM Marketplace published a series on the experience of purchasing and selling bitcoin at a variety of Bitcoin ATMs. While the experience was interesting, there is room for improvement when it comes to the user experience at Bitcoin ATMs. Here are a few tips to make Bitcoin ATMs more user friendly.

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More Trending

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Barclays to buy Kensington Mortgages as interest rates rise

TheGuardian

Acquisition comes at a time of intense competition in the mortgage market Barclays is to buy the specialist mortgage lender Kensington Mortgages for £2.3bn, in a dash for mortgage books as interest rates rise. The acquisition comes at a time of intense competition in the mortgage market, and as rising interest rates provide a boost to lenders. Continue reading.

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RazorpayX to support seamless cashback transactions via UPI for WhatsApp

The Paypers

WhatsApp has onboarded RazorpayX, the neo-banking arm of Razorpay , to enable a smooth cashback experience via UPI for its users across India.

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Banks and UK supermarkets accused of backing deforestation in Brazil

TheGuardian

By funding and stocking products from Brazilian meat giant JBS, firms have also supported land-grabbing, investigation claims Continue reading.

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New bank infrastructure launched by Stripe | Binance scores Cristiano Ronaldo for NFT push | China’s digital yuan wallet downloaded by 261m users

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: New bank infrastructure launched by Stripe in EU, UK, Mexcio & Japan Binance scores Cristiano Ronaldo as partner for NFT push China’s digital yuan wallet downloaded by 261

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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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FDITECH Sprint addressed bank identity fraud

BankInovation

Banks are being challenged by deciphering between their customers and cybercriminals amid a push to provide robust digital experiences. A collaborative effort is required to verify identities, according to solutions presented at the recent Federal Deposit Insurance Corp. (FDIC) FDITECH Sprint, which sought solutions on modernizing digital identity proofing or verification for remote customers.

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SellersFunding joins Amazon's Payment Service Provider programme

The Paypers

US-based fintech provider for ecommerce SellersFunding has started participating in Amazon ’s Payment Service Provider programme to fight fraud.

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Fintech Funding: Crypto platform FalconX secures $150M, clears $8B valuation

BankInovation

Are happy days here again for cryptocurrency? Crypto platforms and coins have taken severe hits in what can only be described as a pessimistic market: Crypto giant Coinbase reduced its workforce by 1,100 in the second quarter, while executives from exchange platform Gemini noted the onset of market instability as cause for a 10% staff […].

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Citigroup partners Metaco for digital asset custody platform

The Paypers

Global bank Citigroup has partnered with Metaco , a crypto infrastructure based in Switzerland, for a digital asset custody platform.

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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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In times like these, a leader's presence is critical

American Banker

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Splitit enables BNPL for Everyware's Pay By Text

The Paypers

US-based Splitit has partnered with Everyware to bring the former’s Splitit’s Instalments-as-a-Service platform to the latter’s Pay By Text platform.

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Banks weigh in on the overturning of Roe v. Wade

American Banker

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Raisin Bank acquires Bankhaus August Lenz payment division

The Paypers

Germany-based fintech Raisin Bank has acquired the payment division of Bankhaus August Lenz.

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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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Latest banking news

American Banker

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Revolut rolls out BNPL in Ireland

The Paypers

Revolut has begun rolling out a Buy Now, Pay Later (BNPL) instalments payment product with customers in Ireland.

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One in five community banks experience website impersonation attacks

American Banker

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Sun Country Airlines integrates Uplift's Buy Now, Pay Later offering

The Paypers

US-based Sun Country Airlines has announced that customers can spread the cost of their travel over time with monthly instalments through Uplift.

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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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Ally pledges gender parity in sports ad spending within five years

American Banker

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Radicant collaborates with Salesforce

The Paypers

Switzerland-based fintech company Radicant has announced a collaboration with US-based software company Salesforce to offer its customers a personalised user experience.

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The CFPB is turning to Dodd-Frank’s unfinished business

American Banker

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Glia acquires Finn AI

The Paypers

Glia , a US-based provider of Digital Customer Service (DCS), has acquired Finn AI , an artificial intelligence-powered chatbot platform for banks and credit unions.

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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.