Fri.Apr 22, 2022

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MoneyGram sued by CFPB, New York AG

Payments Dive

“MoneyGram spent years failing its customers and failing to follow the law,” Consumer Financial Protection Bureau Director Rohit Chopra alleged. MoneyGram called the latest in a series of regulatory actions against the company a "frivolous" lawsuit.

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Fed Chair Powell Joins Hawkish Sweepstakes

South State Correspondent

Fed Chair Powell Joins Hawkish Sweepstakes. We mentioned earlier that it seems each Fed official is trying to out-hawk the other and Fed Chair Powell has joined that competition. He mentioned yesterday in an IMF panel discussion that a 50bps rate hike is certainly on the table for May and that additional 50bps hikes are a possibility so as to “front load” some of the removal of policy accommodation.

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PayPal CEO's compensation surges

Payments Dive

The pay package for Dan Schulman jumped last year to $32 million even as the digital payment company delivered disappointing results for the fourth quarter and cut its revenue growth outlook for this year.

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GBST named in top 100 most innovative WealthTech companies in the world for the third year running

Bobsguide

For the third consecutive year, GBST has been named in the top 100 most innovative companies across the wealth and asset management industry, cementing its position as a global leader. The annual WealthTech100 list recognises the top technology companies that have had the most significant impact on the global asset management, wealth management and financial advice sectors, and which can be classified as world leaders in innovation.

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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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What's driving the Bitcoin ATM explosion?

ATM Marketplace

It's almost impossible not to notice just how ubiquitous Bitcoin ATMs have become this year. I've seen them in places ranging from gas stations to used game stores to liquor stores. Bitcoin ATMs are expanding rapidly and show no signs of slowing down.

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More Trending

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CoinDCX, an Indian crypto exchange, sees valuation top $2B. CoinDCX competitors include WazirX, Unocoin, and CoinSwitch Kuber.

CB Insights

CoinDCX , a crypto trading and exchange platform, has raised $135M in Series D funding. The round drew participation from Pantera Capital, Steadview Capital, B Capital Group, and Coinbase Ventures, 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">

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Stripe teams up with Twitter in renewed crypto payments push

BankInovation

Payments company Stripe Inc., one of the world’s most valuable startups, is stepping up its return to cryptocurrencies. Stripe said in a statement Friday that its first partner in the expansion will be Twitter Inc., allowing a select group of creators on the social-media platform to get crypto payments via the Stripe Connect platform. The […].

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Apple & Meta lead in developing Metaverse technology | Fidelity enters the Metaverse | Commerzbank applies for digital asset custody license

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: Elon Musk offers to buy Twitter for $41.3B to take company private Apple Pay surpasses Venmo and PayPal as teens’ favorite payment app Amazon not close to accepting crypto as

Apple 52
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Fintech Funding: QuadFi secures $100M for alternative digital lending

BankInovation

Canadian digital lender QuadFi has raised $100 million in debt financing, the fintech announced Wednesday. QuadFi, founded in 2015, uses artificial intelligence (AI), machine learning, and data analytics to provide lending solutions to customers with thin or non-existent credit. QuadFi’s model originates and underwrites loans using information typically overlooked by traditional lenders, such as projected […].

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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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Estate planning goals and strategies: Find what works for you.

PopularBank

This is Part 3 in a three-part blog series that highlights key aspects of the estate planning process. After you’ve the learned the basics of estate planning and begun to take inventory of your financial priorities, set goals and strategies that are personal and clear. They can be based on your family circumstances and other factors that may affect your estate or motivated by specific feelings, hopes and desires.

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New paper reveals challenges of growing BNPL industry for all involved

The Paypers

UK-based Mossavar-Rahmani Center has revealed that weak regulatory oversight and lack of standards may lead to problems for the growing BNPL industry.

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5 market niches banks are reaching with technology

American Banker

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Amazon launches augmented reality features on their ecommerce App

The Paypers

Amazon has launched Amazon View in their app, allowing customers to see products in their home in 3D prior to making a purchase.

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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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Energy and Climate to feature at AfDB talks in Accra

Bankelele

All about the annual meetings of the African Development Bank Group set for Accra in May 2022.

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Crypto exchange Coinbase launches NFT marketplace

The Paypers

US-Based crypto exchange Coinbase Global Inc has launched an NFT marketplace, initially making it available for a small number of people in the US.

US 53
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Apple drops Discover, adds Visa, as virtual debit card partner

American Banker

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Yapily teams up with Yonder to help their customers access credit

The Paypers

UK-based API provider Yapily and rewards credit card provider Yonder have teamed up to serve underbanked customers access credit without needing a UK credit score.

Cards 45
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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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Consumers believe credit unions lag digitally. Do they?

American Banker

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Crypto exchange Coinbase launches NFT marketplace

The Paypers

US-Based crypto exchange Coinbase Global Inc has launched an NFT marketplace, initially making it available for a small number of people in the US.

US 41
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Wells Fargo confirms mortgage staff layoffs

American Banker

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GlobalData: Buy Now, Pay Later to disrupt consumer payments in Australia

The Paypers

UK-based analytics company GlobalData has found that Buy Now, Pay Later is gaining prominence and emerges as an alternative credit tool in Australia.

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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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SVB Financial remains upbeat on early-stage tech even as IPOs slump

American Banker

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Blip Labs partners with TipHaus

The Paypers

Blip Labs , a US-based fintech provider, has partnered with TipHaus to help restaurant owners, managers, and workers manage their finances and pay their bills.

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Associated expects $1.5 million quarterly hit from overdraft reforms

American Banker

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Scalable Capital expands neobroker and crypto offering to Italy

The Paypers

Germany-based digital investment platform Scalable Capital has announced launching its neo-broker and its crypto offering “Scalable Crypto” on the Italian market.

Capital 34
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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.