Payments Dive

MAY 25, 2022

Low- and moderate-income households in the U.S. say they want savings products in their digital payment apps, a survey by the nonprofit Commonwealth revealed.

Survey 221

Survey Payments 221

Accenture

MAY 25, 2022

Variable recurring payment (VRP) is the latest development in UK Open Banking. It offers an innovative way to initiate recurring payments or money movement securely by leveraging the Open Banking framework. VRP also provides merchants and businesses with a faster and more cost-effective alternative to direct debit or card-on-file transactions. Conceptually, VRP is similar to….

Payments 195

Payments Innovation Security Cards 195

Payments Dive

MAY 25, 2022

A U.S. digital dollar would take $720 billion in deposits out of banks even if the central bank were to cap accounts at $5,000 per "end user," the American Bankers Association wrote in a letter.

Groups 195

Groups 195

Bobsguide

MAY 25, 2022

Moneybase, a fintech subsidiary of Calamatta Cuschieri Finance Group – Malta’s largest independent financial services firm which pioneered the Maltese financial services industry in 1971, has launched Moneybase, a new digital payments app and card issuing platform using the award-winning payments platform, TranzAxis, from Compass Plus Technologies.

Technology 147

Technology Payments Cards ATM 147

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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

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BankInovation

MAY 25, 2022

Swiss core provider Temenos will upgrade digital banking at Canadian Tire Bank, the companies announced Wednesday. Temenos, one of the world’s largest core providers, will enhance account opening and buy now pay later (BNPL) capabilities for the $6 billion Oakville, Ontario-based bank, whose customer base clears 2 million customers. Canadian Tire Bank selected Temenos over […].

Community Bank 98

Community Bank Software Community Digital Banking 98

BankInovation

MAY 25, 2022

Financial institutions are leveraging Amazon Web Services’ (AWS) machine learning (ML) and artificial intelligence (AI) tools to improve operations and customer experience. FIs are deploying tools for facial recognition, natural language processing and customer interactions, Alvin Huang, a capital markets specialist in business development and financial services at AWS, said Tuesday during the AWS Financial […].

Customer Experience 95

Customer Experience Tools Capital Operations 95

CFPB Monitor

MAY 25, 2022

On May 20, Oklahoma Governor Kevin Stitt signed into law House Bill No. 3168 which imposes new limits on the use of automated dialing systems. The new law, titled the “Telephone Solicitation Act of 2022” (Act), takes effect on November 1, 2022. The Act prohibits the use of an “automated system” to make a “commercial telephonic sales call” without the “prior express written consent” of the “called party.

Oklahoma 78

Oklahoma System Florida Operations 78

BankInovation

MAY 25, 2022

Bryce Elliott, Truist’s chief information officer for wholesale and enterprise payments, will join the panel “In the Air: How to Develop for the Cloud in Order to Enable Technology Strategy” on Monday, Sept. 19, at 10 a.m. UTC at Bank Automation Summit Fall 2022. The summit will be held Sept. 19-20 at the Hyatt Olive […].

Strategy 94

Strategy How To Technology Payments 94

CFPB Monitor

MAY 25, 2022

In an announcement to its subscribers sent electronically on May 23, 2022, the California Department of Financial Protection and Innovation (“DFPI”) notified applicants – and prospective applicants – for a license under California’s Debt Collection Licensing Act (the “Act”) that changes mandated by the Federal Bureau of Investigation (“FBI’) to state agency protocols for requesting federal background checks have caused “unforeseen” and unavoidable processing delays.

California 78

California Operations Innovation 78

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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

Report

BankUnderground

MAY 25, 2022

Mai Daher and Christiane Kneer. Many UK firms weathered the Covid shock by taking on debt. Small and medium-sized enterprises (SMEs) in particular borrowed at an unprecedented rate and their debt increased by around a quarter since end-2019. But debt that allowed SMEs to survive the pandemic could now hamper the recovery as indebted firms may struggle to invest and grow.

Capital 73

Capital Policies Tools Regulation 73

The Paypers

MAY 25, 2022

Switzerland-based cybersecurity company WISeKey has rolled out Trused Identity Metaverse designed to ensure the potential of Web 3.0.

Company 68

Company 68

TheGuardian

MAY 25, 2022

Standalone operators feel burden of rising interest rates and slowing growth as third big Australian bank enters BNPL scene Get our free news app ; get our morning email briefing NAB will become the third of the big four Australian banks to offer a buy now, pay later (BNPL) product to customers, putting additional pressure on standalone operators battling corporate losses amid rising interest rates that make it harder to survive.

Operations 44

Operations System Cards 44

American Banker

MAY 25, 2022

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92

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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.

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The Paypers

MAY 25, 2022

Signifyd , a US-based fraud prevention company, has debuted with its Signifyd app on the Stripe Marketplace to provide instant chargeback claims insights.

Fraud 36

Fraud US Company 36

American Banker

MAY 25, 2022

Online 87

Online 87

The Paypers

MAY 25, 2022

Finland-based fintech Enfuce has rolled out white-label mobile application MyApp, which contains modern card management features.

Fintech 36

Fintech Mobile Cards Payments 36

American Banker

MAY 25, 2022

81

81

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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.

US

The Paypers

MAY 25, 2022

Netherlands-based Adyen has announced that fintech Radial will use Adyen for Platforms to streamline and consolidate payment offerings in US and Canada.

Payments 31

Payments Fintech US 31

American Banker

MAY 25, 2022

Payments 80

Payments 80

The Paypers

MAY 25, 2022

The Ministry of Finance in Malaysia has awarded a digital banking licence to a consortium involving MoneyLion , AEON Financial Service , and AFS’s non-bank financial service provider subsidiary, AEON Credit Service.

Digital Banking 28

Digital Banking 28

American Banker

MAY 25, 2022

Community Bank 59

Community Bank Community 59

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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.

Compliance

The Paypers

MAY 25, 2022

European Central Bank president Christine Lagarde has stated, according to Bloomberg, that crypto-currencies should be regulated to steer people away from speculating on them with their life savings.

Regulation 28

Regulation 28

American Banker

MAY 25, 2022

Policies 48

Policies Cyber Security Security Technology 48

The Paypers

MAY 25, 2022

American banking group Citi has announced the launch of new deposit solutions designed to assist clients in investing excess cash as part of their sustainability agenda.

Groups 28

Groups 28

American Banker

MAY 25, 2022

Policies 41

Policies 41

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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.

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