Bill to compete with Intuit after partnership ends
Payments Dive
AUGUST 18, 2023
“Intuit has decided to compete on payments rather than partner,” Bill CEO Rene Lacerte told analysts Thursday.
Fri.Aug 18, 2023
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Digital Lag in Banking: Overlooking the Appraisal Department
Realwired Appraisal Management Blog
AUGUST 18, 2023
The term “digital transformation” has been a buzzword in the banking sector for quite some time. While the industry has largely embraced technology, particularly in areas such as lending and fintech, there is one sector that often gets overlooked: the appraisal department.
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Final call to experience innovation at Bank Customer Experience Summit
ATM Marketplace
AUGUST 18, 2023
This year attendees will experience innovation across banking, retail, hospitality and the restaurant spaces firsthand at the jointly held Bank Customer Experience Summit and Interactive Customer Experience Summit in Charlotte, North Carolina.
Small Businesses Lead to Big Deposit Opportunities
Jack Henry
AUGUST 18, 2023
With the downward pressure on retail revenues and widespread deposit attrition, serving SMB's effectively has never been more important. Learn more.
Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Why are more women convicted of embezzlement than men?
American Banker
AUGUST 18, 2023
Roughly 55% of people sentenced for embezzling funds from 2007 to 2017 were women, according to new research. Some experts suggest women are more likely to hold accounting and money-handling jobs, while others say the trend is a reflection of biases by employers and law enforcement.
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Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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Crypto users must be able to trust their wallets more than their bank
American Banker
AUGUST 18, 2023
There is an urgent need for a new class of security solutions that will allow people to retain control of their decentralized financial lives with confidence and safety.
Huntington originates more than half of loans with e-contracting
BankInovation
AUGUST 18, 2023
Huntington Auto Finance is leaning on digital channels to speed funding and improve consumer experiences. More than half of Huntington auto loan originations are completed through e-contracting, Rich Porrello, president of auto finance and dealer services at the bank, told Auto Finance News, a sister publication to Bank Automation News.
Large-bank pressure may be spurring credit union mergers in Minnesota
American Banker
AUGUST 18, 2023
Expansions in the state by giants such as JPMorgan Chase and Bank of America could accelerate credit union consolidation, as evidenced by two recent deals.
American United FCU automates with Laserfiche
BankInovation
AUGUST 18, 2023
American United Federal Credit Union has automated document processing through software company Laserfiche. The $375 million credit union uses Laserfiche to automate the input of documents, including loan applications, new member cards, internal documents and loan documents, Matthew Tingey, senior applications specialist at the credit union, told Bank Automation News.
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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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
Ally Bank's foray into generative AI: 'We don't want to stand still'
American Banker
AUGUST 18, 2023
The bank developed its cloud-based Ally.ai platform within months. Now it has rolled out its first use case: summarizing customer service calls so the agent doesn't have to multitask.
Shufti Pro launches e-IDV solution
The Paypers
AUGUST 18, 2023
ID verification solution provider Shufti Pro has announced the launch of its Electronic Identity Verification (e-IDV) solution to help redefine verification in the IDV landscape.
Western Union spinoff Convera aims to double international B2B payments
American Banker
AUGUST 18, 2023
The company, which became independent in July, will rely on the cloud to reach new markets.
iDenfy partners with Syntropy
The Paypers
AUGUST 18, 2023
Lithuania-based regtech startup iDenfy has announced a partnership with Web3 network software and real-time blockchain data company Syntropy to better Web3 security and KYC compliance.
The State of Automation in Financial Services 2024 Report
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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
Different approaches, same goal: Digital banks aim for full-service model
American Banker
AUGUST 18, 2023
Cambridge Savings Bank's Ivy Bank online-only unit has spent two years offering CDs and savings accounts. Meanwhile, Sumitomo Mitsui Financial Group's new digital bank, Jenius, launched with personal loans. Both want to widen their product sets to benefit both sides of the balance sheet.
BingX extends partnership with CertiK
The Paypers
AUGUST 18, 2023
BingX , a global cryptocurrency exchange, has extended its partnership with CertiK , aiming to enhance the security of its platform and provide users with a safer trading environment.
The 15 biggest sponsorship deals between banks and U.S. sports venues
American Banker
AUGUST 18, 2023
Banks pay millions of dollars each year to have their names become part of the lexicon of sports-obsessed Americans. Here's a look at the largest deals, which span pro baseball, football, basketball, hockey and soccer.
Dashen Bank and Mastercard launch virtual prepaid card
The Paypers
AUGUST 18, 2023
Ethiopia-based Dashen Bank has partnered with Mastercard to launch a multi-currency international prepaid card, marking a milestone in Ethiopia’s card business.
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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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.
Goldman plans hiring spree to fix lapses after increased Fed scrutiny
American Banker
AUGUST 18, 2023
The Wall Street firm is enlisting several hundred new staffers to help address concerns from authorities including the Federal Reserve, according to people with knowledge of the matter.
FiveBy partners with Worldline
The Paypers
AUGUST 18, 2023
Worldline and FiveBy have partnered to provide payment processing and consulting services to their clients, aiming to reduce global ecommerce payment fraud.
Management shouldn't view unionization efforts as a threat
American Banker
AUGUST 18, 2023
Unionizing a workplace is an arduous process, meaning that employees who organize are dedicated to change. Executives must seize on these moments to address workers' concerns instead of reacting defensively.
YES BANK introduces iris
The Paypers
AUGUST 18, 2023
India-based YES BANK has introduced its mobile banking application, iris by YES BANK, aiming to improve the country’s digital banking landscape.
2024 Lending Outlook: Innovations and Evolutions in the Financial Sector
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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.
Reach out to employees before unionizing becomes an issue
American Banker
AUGUST 18, 2023
There has been a recent surge in organizing efforts among credit union employees. To discourage this, leaders should pay workers well, provide good benefits and be accessible.
Tenpo partners Dock for credit card services
The Paypers
AUGUST 18, 2023
Chile's digital bank, Tenpo , has partnered with Dock , a B2B tech firm, for credit card offerings, marking Dock's expansion in Latin America.
Citibank gets House Republican subpoena related to Jan. 6 privacy concerns
American Banker
AUGUST 18, 2023
The subpoena is part of a growing Republican narrative that Democrats have weaponized the Federal Bureau of Investigation against conservatives.
Alipay launches an updated international version of its app
The Paypers
AUGUST 18, 2023
China-based Alipay has announced the launch of an international version of its app with customised services for overseas travellers to China.
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
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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.
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