Fri.Oct 15, 2021

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3 financial experts share elevator pitches

ATM Marketplace

Three financial services companies provided elevator pitches for innovative products at the Bank Customer Experience Summit, including a virtual assistant, integrated credit platform and a collaboration app.

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Bitcoin makes run toward record high amid ETF exuberance

BankInovation

Bitcoin-to-the-moon traders are back with a vengeance as the cryptocurrency approaches its all-time high and demand jumps for bullish contracts across crypto exchanges. The world’s largest digital token surged about 7.4% to $61,711 on Friday — taking this month’s rally to over 40% — after Bloomberg News reported the U.S. Securities and Exchange Commission looks […].

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Fifth Third Bank Offers $300 Checking Account Bonus

BankDeals

Fifth Third Bank is offering a $300 bonus when opening a new checking account. Available through 12/31/21 in FL, GA, IL, IN, KY, MI, MO, NC, OH, PA, SC, TN, and WV.

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Truist sees significant growth across digital assets in Q3

BankInovation

Truist saw significant increases across its digital portfolio in the third quarter with 58% growth in Zelle use over the same time last year. The Charlotte, N.C.-based bank also completed a major phase of a core conversion from legacy systems to Truist’s own core. Technology was a key talking point for Chief Executive Officer Bill […].

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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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Bank Customers Lose Real Money

Jeff For Banks

You worked hard, saved money, and reduced or eliminated debt. You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Now, after forty years of toil and delayed gratification, you're ready for retirement. If this were 2006, things would be good. The Fed Funds Rate stood at 5.25%, and inflation in check at 2.5%.

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The Best of Modern Marketing: Lessons Learned from INBOUND 2021

William Mills

HubSpot’s INBOUND 2021 Conference was an exciting three-day event where our team heard from some of the top industry leaders in marketing and business about current and future trends. Although still virtual, the insights and networking obtained from this experience mirrored the value of an in-person event. The sessions offered an understanding of topics ranging from email marketing, SEO, social media advertising and much more.

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Deals and dollars: Banks look to cloud tech, fintech funding on the rise

BankInovation

Banks this week announced deals to implement cloud-based services and core systems to unify and streamline services; meanwhile, investments in fintechs, including embedded payment systems providers, continue to spike. Frost Bank & Blend San Antonio-based Frost Bank is expanding its relationship with cloud banking process automation software provider Blend, whose list of some 300 customers […].

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Payroll API Provider Atomic Raises $22M To Expand Its Platform

CB Insights

Atomic , a payroll API provider, has raised $22M in a Series A. This round drew participation from Core Innovation Capital, Greylock Capital Management, and Portag3 Ventures. How’s the company performing? Utah-based Atomic’s payroll APIs connect payroll accounts to third-party apps in order to streamline direct deposit switching and employment/income verification for users.

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Loan Growth Strategies for 2022: Insights for a Post-PPP World

The Emmerich Group

It’s unprecedented. In talking with a few dozen CEOs these last two weeks, almost all used the exact same words… “I’m very concerned about 2022. How are we going to replace the income from PPP and the other programs? AND ALL I HEAR ARE EXCUSES FROM MY TEAM…” “We’re making new loans… but the payoffs. Continue Reading. The post Loan Growth Strategies for 2022: Insights for a Post-PPP World appeared first on Roxanne Emmerich.

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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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GoDaddy launches eBay integration for microbusinesses

The Paypers

US-based software provider GoDaddy has teamed up with eBay to help SMBs boost their online presence.

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Deposit surge puts credit unions in regulatory bind

American Banker

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Shopify launches ERP service for e-commerce businesses

The Paypers

Canada-based ecommerce platform Shopify has announced the roll out of its first ERP programme in partnership with Microsoft and Oracle to offer tools and insights to ecommerce businesses.

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Fidelity Bank to replace ATMs with Diebold Nixdorf anti-skim machines

American Banker

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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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Shopify launches ERP service for ecommerce businesses

The Paypers

Canada-based ecommerce platform Shopify has announced the roll out of its first ERP programme in partnership with Microsoft and Oracle to offer tools and insights to ecommerce businesses.

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PNC’s chief executive warns of threat from stablecoins

American Banker

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Contactless payment limit in the UK rises to GBP 100

The Paypers

The UK HM Treasury and the Financial Conduct Authority have announced the increase of the contactless payment limit to GBP 100 following a public consultation with the retail and banking sectors.

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Lawmakers clash over government's role in preserving cash

American Banker

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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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Thomson Reuters launches USD 100 mln CVC fund

The Paypers

Thomson Reuters has launched a new USD 100 million Corporate Venture Capital (CVC) fund to support and accelerate innovation for the ‘Future of Professionals’, according to finsmes.com.

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Truist nears finish line on merger integration

American Banker

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Veem and Visa collaborate for digital money movement capabilities

The Paypers

US-based payment service provider Veem has partnered with Visa to give customers access to new card programmes and cross-border money movement capabilities.

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Capital One to buy health care investment bank TripleTree

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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Crystal partners with Notabene to provide FATF Travel Rule compliance

The Paypers

Netherlands-based blockchain investigative tool Crystal Blockchain has announced a partnership with Notabene , a Financial Action Task Force (FATF) Travel Rule solution provider.

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Hurricane hits Louisiana bank Investar, with 3Q loss likely

American Banker

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Worldnet obtains certification from Ingenico's Self series

The Paypers

US-based omnichannel payment solution provider Worldnet Payments has completed a Level III EMV and Contactless certification of the Self Series from Ingenico , a Worldline brand.

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The Fed needs to tread carefully on road to a digital dollar

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.