Mon.Sep 26, 2022

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Will biometrics be the future of payments?

Payments Dive

The use of biometrics to authenticate payments is poised to bring more security and speed to transactions, but some say broad adoption on the part of consumers and merchants is still far from reach.

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InsureTech Connect 2022 Recap: Key Themes Include Data, Personalization, and Embedded Insurance

Perficient

Our insurance team is just returning from InsureTech Connect (ITC). What a great week in the desert! ITC is one of the, if not largest, industry gatherings of insurance carriers, solution provers, implementation partners, and startups. Over 2,400 companies were in attendance, and it was said that there were over 8,500 attendees present this year. I felt very fortunate to be in the company of thousands of like-minded professionals seeking to digitally transform an industry that’s focused on prote

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Our top 10 cloud transformation lessons for banks in 2022

Accenture

As Yogi Berra once famously said, there is no difference, in theory, between theory and practice— but in practice, there is. That’s certainly true for tech transformation projects at banks. Most banks by now are well aware of the benefits of moving their tech stacks into the cloud. Most, likewise, are now a few…. The post Our top 10 cloud transformation lessons for banks in 2022 appeared first on Accenture Banking Blog.

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Banc of California acquires Deepstack in payment processing play

Payments Dive

The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.

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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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Auriga and 5B’s Cybersecurity Experts Will Speak at BankSec 2022

Bobsguide

Auriga is sponsoring and speaking at this year’s BankSec 2022 conference on 4th and 5th October in Park Plaza Victoria Hotel, London. Attendees can anticipate keynote sessions delivered by high-quality speakers from leading banks, government, and law enforcement agencies, as well as solutions providers and a range of industry bodies. There will be a vendor technology exhibition area where delegates can browse the latest physical and logical security products and services, exchange ideas, and net

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Watch Now: FinovateFall 2022 Client Interviews

William Mills

Our CEO, William Mills, attended this year's FinovateFall in New York City and sat down with clients and leading fintech innovators to examine the latest technological advancements in the industry. Watch the full interviews below.

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City sceptical about benefits of scrapping cap on banker bonuses

TheGuardian

Sources at largest banks say the did not lobby for move nor expect it to result in major changes to pay packets When City of London executives were summoned to No 11 Downing Street earlier this month, they were promised reforms that would boost growth, attract talented bankers and usher a new era of prosperity for financial services. But what the chancellor, Kwasi Kwarteng, failed to mention to bank bosses was that their pay would become a lightning rod for controversy in the mini-budget that fo

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Australia to test CBDC potential

The Paypers

The Reserve Bank of Australia (RBA) has announced plans to identify business models and uses for a central bank digital currency, or eAUD, and is likely to conduct a pilot early in 2023.

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Mum finds it hard ordering food due to M&S Bank’s fraud checks

TheGuardian

My mother was getting the hang of online shopping when the site introduced this extra step My dad, who handled all my parents’ financial transactions, died this year and my 82-year-old mum has been learning how to do her grocery shopping online. She was just getting the hang of it when one-time passcodes (OTP) were introduced on her Sainsbury’s food deliveries.

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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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Mastercard announces partnership expansion with TripLink

The Paypers

Mastercard and Egypt-based TripLink have expanded their partnership across the entire Asia Pacific region to provide businesses with convenient cross-border transactions.

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Growing pains: A tale of two New England cannabis bankers

American Banker

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TWINT partners with Swissbilling

The Paypers

Switzerland-based fintech and Cembra subsidiary Swissbilling has announced partnering with mobile payment provider TWINT to enable additional app-based payment options.

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6 new twists on buy now/pay later loans

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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Uzbekistan suspends the use of Russia's Mir payment cards

The Paypers

Uzbekistan's UZCARD has suspended payments processing through Mir cards issued by Bank of Russia's National Card Payment System due to necessary technical procedures.

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Debunking the myths about the demise of branch banking

American Banker

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Bitso to provide crypto QR payments in Argentina

The Paypers

Mexico-based Bitso has launched a crypto-enabled QR code payments system in Argentina to make payments from the Bitso app at any store that accepts QR code payments.

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Scotiabank's CEO pick spurs debate over whether big changes loom

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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RappiPay secures USD 112 mln to boost financial inclusion

The Paypers

RappiPay , Colombian Banco Davivienda and Rappi ’s fintech has secured USD 112 million financing in a credit to boost financial inclusion in the LATAM country.

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Pay 360 to implement Nuapay's Open Banking solution

The Paypers

Nuapay , EML ’s Open Banking business, has announced that it is bringing its Open Banking payments solutions to Pay 360 , a complete payments ecosystem.

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FintechCashier launches Lite Label BaaS subscription

The Paypers

FintechCashier , a UK-based payment gateway and solution provider, has released a ‘Lite Label’ Banking-as-a-Service (BaaS) subscription.

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Affirm, Amazon offer Pay-Over-Time option in Canada

The Paypers

US-based Buy Now, Pay Later (BNPL) solution provider Affirm has announced the expansion of their Amazon flexible payment offering to Canada.

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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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Square, Afterpay integrate BNPL functionality for Canadian customers

The Paypers

US-based payments platform Square has integrated Afterpay in Canada to provide Buy Now, Pay Later (BNPL) functionalities to its sellers.

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