Fri.Jul 08, 2022

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LeafLink, Bespoke Financial push cannabis payments

Payments Dive

LeafLink and Bespoke are building up their business in cannabis payments as their CEOs count on a rebound in prices for reefer.

Payments 459
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Strong Job Growth Continues in June While Wage Gains Remain Stable

South State Correspondent

Strong Job Growth Continues in June While Wage Gains Remain Stable. Nonfarm payrolls increased 372 thousand with those gains continuing to be fairly widespread. Expectations were for 265 thousand jobs and the increase was just below May’s 384 thousand jobs. The largest gains came in leisure and hospitality, in professional and business services, and healthcare.

Meeting 195
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Fintech Philanthropi taps into giving surge

Payments Dive

The startup, which channels charitable payments, is targeting financial services partners as it seeks to grow, potentially with a new capital infusion this year.

Fintech 396
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Bank CIOs Must Break Through The Tactical Barrier

Gonzobanker

A strategic mindset and an updated slate of skills will best position CIOs as successful technology leaders. In today’s talent market, there are plenty of job postings and headhunters seeking “experienced CIOs.” While experience is a critical ingredient for the top technology role, it’s important to recognize that decades of experience translate to a leader who grew up in the “tactical” era of technology.

Resources 147
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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 retailers are approaching cryptocurrency payments

Payments Dive

Retailers Pacsun and American Eagle Outfitters have similar target audiences but are approaching the rising popularity of digital currency differently.

Retail 221

More Trending

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Banks, payments hit as Rogers suffers major network failure in Canada

BankInovation

Rogers Communications Inc. is experiencing a widespread network failure in its wireless and internet services, causing payment systems and automated teller machines at banks to go down. Reports of problems with the Rogers network began early Friday and have reached tens of thousands of complaints, according to the tracking site Downdetector.ca. Royal Bank of Canada […].

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Department of Education Anti-Arbitration Regulation Fails Supreme Court Tests

CFPB Monitor

The U.S. Department of Education recently announced proposed regulations designed to expand and improve the major student loan discharge programs authorized by the Higher Education Act. Among other things, the proposed regulations would prohibit institutions that participate in the Federal Direct Loan program from requiring borrowers to sign mandatory pre-dispute arbitration agreements or class-action waivers.

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Sberbank reuses bank card chips to fight shortage

The Paypers

Russia-based Sberbank has started removing chips from un-activated cards to combat shortage after European suppliers halted deliveries based on EU sanctions imposed on the country amid the ongoing Ukraine invasion.

Cards 73
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Fintech Funding: UAE digital bank YAP raises $41M

BankInovation

YAP, a United Arab Emirates-based digital bank, has raised $41 million in funding, the company announced Monday. The bank plans to complete its series A by yearend. Investors include Saudi Arabia-based Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital. “The interest that we have received from investors shows that there is a strong […].

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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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iOS 16 tease: virtual cards for Apple

The Paypers

Giant tech company Apple has recently announced that it will launch its latest version of its operating system, iOS 16, which may implement virtual cards within the Safari browser for an enhanced shopping experience.

Apple 60
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Banks better prepared for the second wave of PPP forgiveness loan applications

BankInovation

Banks are better positioned to handle federal Paycheck Protection Program (PPP) loan forgiveness applications as Second Draw PPP loan forgiveness deadlines approach. The Second Draw PPP loans were available to small businesses that previously received First Draw PPP loans, had no more than 300 employees and could prove at least a 25% reduction in gross […].

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Nuvei partners with GAN to target the North American gaming industry

The Paypers

Canada-based payment platform Nuvei has teamed with SaaS gaming platform GAN to enable gaming operators to access the former’s suite of payment solutions.

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Social Media Best Practices

Image Works Direct

Social media is a beast, and for many institutions, it can take the backseat to other marketing efforts. If that sounds like your institution, it's time to change your strategy! image.works launched our social posting program in June of 2021, and we want to share some of the best practices that we’ve seen work for our clients and help you implement them into your social plan.

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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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Marble integrates Gemini to offer crypto cashout

The Paypers

Insurance management platform Marble has integrated with Gemini , the crypto platform, to offer the ability to redeem Marble points (Marbles) for cryptocurrency.

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Vernon Hill to step down as Republic First CEO

American Banker

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Australians lose AUD 2 bln to fraud in 2021

The Paypers

The Australian Competition and Consumer Commission ( ACCC ) has released its annual Targeting Scams report , highlighting that Australian consumers and businesses lost over AUD 2 billion to scams and fraud.

Fraud 36
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Upstart says its funding is ‘constrained’ as credit concerns swirl

American Banker

Lending 85
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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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Adatree rolls out Open Data marketplace designed for CDR

The Paypers

Adatree has rolled out an Open Data marketplace called Adatree Exchange, looking to improve how companies discover and procure regulated Consumer Data Right (CDR)-ready, third-party software capabilities, according to IT Brief New Zealand.

Data 36
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Brainard calls digital dollar a 'natural evolution' of payment system

American Banker

System 82
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EU lawmakers want to subject NFT platforms to AML laws

The Paypers

Members of the European Parliament have proposed that NFT (non-fungible token) trading platforms should be made subject to European Union anti-money laundering (AML) laws, according to CoinDesk.

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Discover’s new privacy feature automates a tedious task for customers

American Banker

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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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Payment redirection scams mounted to USD 227 million in 2021: ACCC report

The Paypers

The Australian Competition and Consumer Commission ’s has published its ' Targeting Scams ' report, stating a 77% increase in payment redirection scams compared to 2020.

Report 31
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JPMorgan Chase plugs a new site dedicated to electric vehicles

American Banker

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Varo Bank launches high-yield savings account

The Paypers

US-based Varo Bank , a digital banking option, has launched with the aim of supporting consumers with its high-yield savings account consumer-first products

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Banks are losing customers’ trust, but it doesn’t have to be this way

American Banker

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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.