JPMorgan doubles down on gaming firm tie
Payments Dive
OCTOBER 21, 2022
The bank said it invested in the regulated gaming company Sightline Payments this week, following an agreement earlier this year to be the firm’s primary merchant acquirer.
Fri.Oct 21, 2022
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Westlake collaborates with fintech for credit card program
BankInovation
OCTOBER 21, 2022
Westlake Financial has launched a credit card rewards program using back-end technologies from embedded finance company Railsr. The Westlake Black Credit Card gives the financial institution’s customers 2% cash back on all qualified automotive-related purchases including vehicle maintenance and servicing, gas, oil changes and brakes, Jim Eyraud, vice president of Wilshire Consumer Credit, a wholly […].
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Fiserv sells SIS unit, Costa Rica operations
Payments Dive
OCTOBER 21, 2022
The major payments processor agreed to sell an IT business unit and a Costa Rica division to Infinite Computer Solutions. They also entered a multiyear pact for the buyer to keep providing services.
How to stop ATM attacks
ATM Marketplace
OCTOBER 21, 2022
ATM thieves are getting bolder and banks are adopting more advanced strategies in response to prevent attacks.
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
Amex adds to loss provisions
Payments Dive
OCTOBER 21, 2022
As consumers grapple with inflation, the card company reported this week that delinquencies have ticked up and that it’s boosting its loss provisions.
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Inside 6 of the FDIC’s top concerns over stablecoins
Payments Dive
OCTOBER 21, 2022
The regulator’s acting chief discussed their potential effect on community banks, interplay with FedNow and a potential CBDC, the importance of inclusion and the limits of regulation.
Plaid launches crypto wallet as its first Web3 product
The Paypers
OCTOBER 21, 2022
US-based Open Banking operator Plaid has ventured into the world of Web3 with the release of its first crypto product, a wallet connector.
Ammo to launch its own online payments processing
Payments Dive
OCTOBER 21, 2022
The Scottsdale, Arizona company said that bringing the payments aspect of transactions in-house, as opposed to using third parties, will allow it to reduce costs.
Karta.io launches financial platform for ecommerce
The Paypers
OCTOBER 21, 2022
US-based startup Karta.io has announced the launch of a financial ecosystem for ecommerce businesses, available to new customers, that aims to simplify financial management and gain control over finances.
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
Huntington to self-fund tech investments
BankInovation
OCTOBER 21, 2022
Huntington Bancshares is planning to self-fund tech investments as it prepares to close 31 branches in early 2023. The $179 billion bank’s noninterest expenses fell 18% to $1 billion, largely due to lower personnel costs and cutbacks on equipment and outside data processing compared with the same reporting period last year, according to Huntington’s Q3 […].
MX and Celero launch personal financial management tools
The Paypers
OCTOBER 21, 2022
US-based Open Finance company MX has partnered with Celero to integrate MX’s personal finance management tools (PFM) into the latter’s digital banking solution.
American Express shelves recession playbook, predicts strong holiday
American Banker
OCTOBER 21, 2022
JP Morgan invests in Tilia's virtual payment system
The Paypers
OCTOBER 21, 2022
Tilia , a virtual payments system provider built for games, virtual worlds, and mobile application developers, has secured a strategic investment from JP Morgan Payments.
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.
Token, NatWest Group extend VRP to non-sweeping services
The Paypers
OCTOBER 21, 2022
UK-based Open Banking payments platform Token has announced it will enter into an agreement with NatWest Group to offer Variable Recurring Payments (VRP) for non-sweeping services.
LuLu Exchange, MoI to deploy digital KYC service on LuLu Money
The Paypers
OCTOBER 21, 2022
UAE-based PSP LuLu Exchange has partnered with the Ministry of Interior to deploy a digital Know-Your-Customer (KYC) service on its cross-border payments app, LuLu Money.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
Callsign's new Dynamic Interventions combats authorised push payment scams
The Paypers
OCTOBER 21, 2022
UK-based fraud prevention company Callsign has launched its Dynamic Interventions capability, controlled by its orchestration engine, to fight fraud in real time.
Fenergo launches perpetual KYC solution, Fenergo Smart Review
The Paypers
OCTOBER 21, 2022
Ireland-based Know Your Customer (KYC) and Client Lifecycle Management (CLM) provider Fenergo has launched a perpetual KYC solution, Fenergo Smart Review.
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.
NatWest partners with Vodeno Group
The Paypers
OCTOBER 21, 2022
NatWest has entered into a strategic partnership with the Vodeno Group to create a Banking-as-a-Service (BaaS) business in the UK.
C6 Bank to open Brazil branch network
The Paypers
OCTOBER 21, 2022
C6 Bank , a JP Morgan -backed digital bank, has revealed it is set to open its first five brick-and-mortar branches in Brazil.
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.
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