The Paypers

MARCH 28, 2023

UK-based payment service provider ECOMMPAY has implemented innovative graph analysis to augment its proprietary Risk Control Management System (RCMS).

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Analysis Innovation Fraud Payments 41

Payments Dive

MARCH 28, 2023

Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline.

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Cards Report Online 448

Perficient

MARCH 28, 2023

Readers of a certain age will remember when Maverick, played by Tom Cruise, in Top Gun told Goose that it was time to“Buzz the Tower,” which meant the fighter pilots had to execute a low fly-by passing very close to the control tower at high speeds. The officer spilled his coffee over himself because of the maneuver, adding to the comedic humor. What is a Supply Chain Control Tower?

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Payments Dive

MARCH 28, 2023

Offering the payment option will reduce accessibility barriers to getting groceries, as well as boost convenience for SNAP users, DoorDash said.

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Online Payments 366

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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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South State Correspondent

MARCH 28, 2023

In a recent article ( here ), we discussed why banks that take risks to earn higher revenue demonstrate lower performance as measured by ROA. Empirical evidence, historical bank failures, and common sense teach us that many risks do not translate to higher yields. While in that blog, we specifically considered the risk-return tradeoff for credit risk; in a future article, we’ll consider interest rate risk.

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ATM Marketplace

MARCH 28, 2023

There are many conflicting reports about why SVB fell apart and what it means for consumers in general. To gain insight into what actually happened, and how consumers should react, ATM Marketplace reached out to Ann Kaplan, founder of iFinance.

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ATM Report 120

CFPB Monitor

MARCH 28, 2023

In light of ongoing events concerning the recent bank failures and the response of regulators, we are releasing this week’s podcast episode earlier than our regular Thursday release date. After reviewing the circumstances leading to the failure of SVB and historic parallels, we discuss the merits of the regulators’ decision to invoke the Systemic Risk Exception and protect all SVB deposit accounts, notwithstanding the $250,000 FDIC insurance limitation, alternate approaches that regulators migh

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The Paypers

MARCH 28, 2023

Thailand-based KASIKORNBANK ( KBank ) in collaboration with Bank Maspion Indonesia Tbk has launched QRIS, a bill payment service for merchants.

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CFPB Monitor

MARCH 28, 2023

The Consumer Bankers Association has released the results of a national survey that looked at how consumers value banking services and innovation. The survey was conducted in February 2023 and included 1,197 adults across the U.S., representative by geography, age, gender, education level, and race. Key survey results included the following: 83% of respondents believe banks are doing a good job helping them avoid scams.

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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

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CB Insights

MARCH 28, 2023

Founded in 1857, Spain-based Santander is one of Europe’s largest multinational banks, with a market capitalization of around $60B, and a long history in retail, business, and commercial banking. Santander currently has 102M customers and over 14,000 branches worldwide, including the US, Europe, and Latin America. dive deeper into Sequoia’s top 3 fintech Targets Download this presentation to learn more about Sequoia Capital’s bets across capital markets, payments, and payroll &

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TheGuardian

MARCH 28, 2023

Lawmakers aim to determine how Silicon Valley Bank and Signature Bank failed, sparking fears of financial crisis Lawmakers grilled federal banking regulators on Tuesday over their “massive failure in supervision” during the first congressional hearing on the collapse of Silicon Valley Bank (SVB) and Signature Bank. The Senate’s banking committee is the first to question officials on federal oversight of SVB, which was taken over by the federal government earlier this month after a severe bank ru

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BankInovation

MARCH 28, 2023

AI has an opportunity to advance further as generative AI and existing knowledge models in the banking industry come together, Sanat Rao, chief executive and head of software-as-a-service provider Infosys Finacle, tells Bank Automation News in this episode of “The Buzz” podcast.

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FICO

MARCH 28, 2023

Home Blog FICO FICO Women Leaders: Sharing Our Insights and Success What we’ve learned in the FICO Women Leaders program can help other companies as well JessicaButalla@fico.com Tue, 07/19/2022 - 16:11 by Stephanie Covert EVP, Software expand_less Back To Top Tue, 03/28/2023 - 15:35 I am passionate about advancing women in the workplace, and fostering the next generation of women leaders.

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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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BankInovation

MARCH 28, 2023

UBS’ acquisition of the failing Credit Suisse reframes the European banking market, but also presents significant technological challenges for UBS. The $1.5 trillion, Zurich-based UBS moves from “too big to fail” to “way too big to fail” with the $3.

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ABA Community Banking

MARCH 28, 2023

The trade groups asked for $500 million for the CDFI Fund, which includes a $50 million allocation for the Bank Enterprise Award Program. The post ABA, trade groups urge increase in CDFI fund appropriations appeared first on ABA Banking Journal.

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Groups Community Bank Community 52

BankInovation

MARCH 28, 2023

Many financial institutions still rely on legacy systems or outdated computer hardware and software that were introduced more than half a century ago. These technologies were not designed with future-proofing in mind and were not intended to be upgraded or replaced. Fast forward to 2023, and the financial services industry has changed beyond recognition.

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How To Software System Industry 52

The Paypers

MARCH 28, 2023

UK-based payment service provider ECOMMPAY has implemented innovative graph analysis to augment its proprietary Risk Control Management System (RCMS).

Analysis 62

Analysis Fraud Payments Innovation 62

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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.

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TheGuardian

MARCH 28, 2023

Credit Suisse crisis was ‘drawn out’ compared with SVB demise, Andrew Bailey tells MPs The governor of the Bank of England has admitted he was surprised by how quickly Silicon Valley Bank failed, saying it was the fastest demise of a lender since Barings Bank collapsed in the mid-1990s. Andrew Bailey told MPs on the Treasury select committee it had been decades since a lender had gone from “health to death” within a matter of days, saying that Barings Bank – which was brought down by the rogue t

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Comparison US 50

The Paypers

MARCH 28, 2023

US regulators have announced that Silicon Valley Bank (SVB) will be acquired by rival First Citizens Bank following its collapse in March 2023, according to Euronews.

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TheGuardian

MARCH 28, 2023

Asked if he could have anticipated the collapse of the Silicon Valley Bank, the Bank of England governor said it was probably the fastest collapse of a bank he had seen in his three-decade long career. 'It is probably the fastest passage from health to death since Barings,' said Andrew Bailey, speaking before a Treasury select committee on Tuesday. Comparing the collapse of Silicon Valley Bank to Barings, which went under in 1993 , Bailey added: 'Barings, as you will remember, was a sort of Frid

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Video 46

The Paypers

MARCH 28, 2023

Identity verification company AU10TIX has announced a partnership with Microsoft on Reusable ID, a new approach in verifiable credentials (VC) architecture for identity management.

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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

TheGuardian

MARCH 28, 2023

The Conservative MP Andrea Leadsom has launched a scathing attack on bankers' bonuses at a Treasury select committee hearing on Tuesday, where she accused bankers of a ‘heads I win, tails you lose’ approach to bonuses. 'In what other sector. if your business fails, do you then get a bonus?' she asked Andrew Bailey, the Bank of England governor, Sam Woods, the chief executive of the Prudential Regulation Authority, and Dave Ramsden, the deputy governor for markets and banking at the Bank.

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The Paypers

MARCH 28, 2023

Id proofing company Incode Technologies has partnered with Advanced Living Technologies (ALTec) and its sister company, at-visions , to augment player and guest onboarding in EMEA.

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Technology Company 36

American Banker

MARCH 28, 2023

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Community Bank Community Lending 74

The Paypers

MARCH 28, 2023

South Korea-based Haru Invest , a digital asset management platform, has announced that its EU incorporated subsidiary has become an authorized Virtual Asset Service Provider (VASP).

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Management 36

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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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