Tue.Aug 02, 2022

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Amex rolls out B2B digital payment tool

Payments Dive

American Express cited data indicating nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending over the next six months.

Tools 456
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Going digital: Two speeds for growth market banks

Accenture

Flat economic growth and rising competition are forcing banks in growth markets to step up investment in digital technologies. They’re eager to improve efficiency, enhance the user experience and create new business opportunities. But many banks are wary of committing themselves to an extensive digital transformation of their businesses. They view such large-scale change as….

Marketing 374
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Will a swoon in valuations affect Block’s Afterpay?

Payments Dive

Block acquired Afterpay for what was ultimately $13.9 billion in stock, but a string of fintechs writing down valuations in the face of economic pressures raises the possibility Block will be forced to do the same.

Fintech 418
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How ATMs deliver remittances

ATM Marketplace

The remittance market is growing rapidly and ATMs are playing an important role.

ATM 143
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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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Wex profits soar on rising fuel prices

Payments Dive

Wex is benefiting from a jump in fuel prices, given its management of fleet credit cards, but its customers face more hurdles in the current economic climate.

Cards 195

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The Power of Messaging is Vital During Economic Downturns

William Mills

With economic uncertainty looming, it is more essential than ever for fintechs to employ continuous strategic communications with consumers. In every recession, marketers find themselves in unclear and difficult situations because no two downturns are exactly alike. However, understanding the marketing successes or failures of companies as they have navigated previous recessions helps to identify concerning patterns and trends.

Trends 74
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Who took out mortgage payment holidays during the pandemic?

BankUnderground

Georgina Green. The take-up of mortgage payment holidays in the UK during the Covid-19 pandemic was extraordinary: according to UK Finance , holidays granted reached a peak of 1.9 million during the pandemic, or roughly one in six mortgages. But which households benefited from the scheme? In this post I use rich UK household survey data to conduct an in-depth analysis of the distribution of the debt-relief scheme at an individual level.

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ChangeX launches token on HydraDEX and Uniswap

The Paypers

DeFi project ChangeX has launched its CHANGE token for trading on HydraDEX and Uniswap. The app supports trading pairs to offer a range of possibilities to investors, BTC and ETH cross-chain swaps included.

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Robinhood crypto unit fined $30M by New York regulator

BankInovation

Robinhood Markets Inc.’s cryptocurrency arm was fined $30 million by New York’s financial regulator after the brokerage was accused of violating anti-money-laundering and cybersecurity rules. The unit must enlist an independent consultant to monitor compliance, according to an order filed Tuesday. The firm disclosed last year that it expected to pay the penalty.

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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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Superintendence imposes precautionary measures on Visa and Mastercard

The Paypers

Colombia-based Superintendence of Industry and Commerce has imposed precautionary measures on Visa and Mastercard , against the possible commission of restrictive practices of competition within the framework of the payment system in foreign trade.

System 69
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AmEx launches cross-border B2B payments

BankInovation

American Express today launched American Express Global Pay, enabling its U.S. small business clients to securely send business-to-business (B2B) payments both domestically and internationally, joining the crowded field of big banks with its automated offering. “American Express Global Pay uses automation to support faster payment processing on available routes,” an American Express spokesperson told Bank […].

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Fraugster and Worldline increase chargeback protection for travel merchants

The Paypers

Germany-based fraud prevention company Fraugster has partnered with Worldline to equip merchants with the former’s Chargeback Protection solution.

Fraud 69
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Mastercard’s Finicity SVP of data access to speak at Bank Automation Summit Fall

BankInovation

Ryan Christiansen, senior vice president of data access at Mastercard’s Finicity, has joined the speaker faculty of Bank Automation Summit Fall 2022 to discuss “Case Studies on Automation and Innovation Initiatives from across the Financial Institution” on Tuesday, Sept. 20, at 9:45 a.m. PT. Bank Automation Summit Fall 2022 will take place live from the […].

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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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Uber rolls out driver debit card

The Paypers

US-based ridesharing company Uber has launched a driver debit card in tandem with a checking account in a bid to expand its workforce.

Cards 74
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Banks ask CFPB to crack down on data aggregators

American Banker

Data 79
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Mashreq Bank launches Mashreq Business Banking Value Added Services

The Paypers

UAE-based Mashreq Bank has launched the Mashreq Business Banking Value Added Services platform that connects SMEs to ten non-banking service providers.

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10 must-watch regulatory battles

American Banker

Capital 77
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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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National Australia Bank works with Microsoft on facial recognition for ATMs

The Paypers

National Australia Bank (NAB) and Microsoft have partnered for a proof-of-concept ATM that identifies customers using facial recognition.

ATM 68
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Global Payments buying one business, selling another in B2B push

American Banker

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TrueLayer, WealthOS partner for in-app payments

The Paypers

Europe-based Open Banking platform TrueLayer has partnered with SaaS platform WealthOS , which accelerates digital adoption and innovation for wealth managers, for in-app payments.

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Late payments rise among low-income auto, card borrowers: Report

American Banker

Report 73
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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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RMS partners with Atome to enable BNPL payments

The Paypers

Razer Merchant Services (RMS), the B2B arm of Razer Fintech , has partnered with Atome , an Asia-based Buy Now Pay Later (BNPL) service, to enable flexible deferred payment acceptance during checkout at online and offline RMS merchants.

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TD's all-of-the-above U.S. expansion strategy

American Banker

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Central Bank of UAE updates AML guidelines for financial institutions

The Paypers

The Central Bank of the UAE has issued new guidelines meant to assist licensed financial institutions (LFIs) in combating money laundering and terrorism financing.

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How tech aided a fourfold spike in deposits at HarborOne

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.