TheGuardian

MARCH 17, 2023

In today’s newsletter: We’re far from financial crisis territory, but share crashes have caused some fright in the markets. This is why Sign up here for our daily newsletter, First Edition Good morning. If keeping the budget , unnerving airborne collisions , and the travails of Gary Lineker straight in your head feels like more than enough for a week, another story has been bubbling away that may be more consequential than any of them: the start of what some fear could be a global, slow-rolling

How To 75

How To US Video Regional 75

Perficient

MARCH 17, 2023

In the Bronx, NY in April of 1998, it was the best of times, and it was the worst of times. The Yankees had won a World Series two seasons prior and had started their 1998 season with their young shortstop, Derek Jeter, on his way to his first All-Star game. The Yankees would win a then-record 114 regular season games and added 11 more in the postseason, sweeping the World Series over the Padres led by Tony Gwynn.

blockchain 275

blockchain Management Data Security 275

Payments Dive

MARCH 17, 2023

As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.

social media 221

social media Payments 221

ATM Marketplace

MARCH 17, 2023

In a world of increasing competition for customers with neobanks and major staffing challenges at the branch level, banks need to find ways to reduce costs. One method gaining popularity is cash recycling.

117

117

Advertisement

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

Lending

Payments Dive

MARCH 17, 2023

After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

Fintech 221

Fintech 221

TheGuardian

MARCH 17, 2023

Global shares rise as $30bn lifeline for US bank eases fears of imminent collapse and US Treasury Secretary Janet Yellen says US banking system ‘is sound’ BP is the top riser on the FTSE 100, up nearly 4%, as oil prices have strengthened, with Brent crude, the global benchmark, rising to $75 a barrel. Shell is 3.2% ahead while mining companies Glencore and Antofagasta are also among the biggest risers.

US 90

US Marketing Maine Resources 90

William Mills

MARCH 17, 2023

I recently had the opportunity to attend Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C. The event is the credit union industry’s premier event bringing together leaders from across the movement to rally around a united case – to tell policymakers how their lawmaking affects credit unions and their more than 130 million members.

Washington 78

Washington Conference National 78

TheGuardian

MARCH 17, 2023

Complaint claims bank made ‘materially false and misleading statements’ in 2021 annual report Business live – latest updates How to understand Credit Suisse, SVB and fears of a new crisis US investors in Credit Suisse have hit the beleaguered Swiss bank with legal action, claiming that it overstated its prospects before this week’s shares crash. The lender suffered a rapid sell-off, with shares plunging on Wednesday by as much as 30% at one point after comments from Credit Suisse’s largest share

US 87

US National How To Report 87

The Paypers

MARCH 17, 2023

Customer relationship management platform Salesforce has announced it is expanding its client services to include management of NFT loyalty programs.

Management 74

Management 74

Advertisement

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

Report

TheGuardian

MARCH 17, 2023

Student debts and underwater mortgages are private burdens, but corporate losses are matters of urgent public interest Silicon Valley Bank was supposedly the type of institution that would never need a government bailout – right until its backers spent three days on social media demanding one, and then promptly receiving it, after the bank’s spectacular collapse last week.

Regulation 75

Regulation social media Capital Innovation 75

The Paypers

MARCH 17, 2023

Swift Go has been launched in 2021 as a solution for completing low-value cross-border payments, and there are over 600 banks that support it.

Payments 74

Payments 74

TheGuardian

MARCH 17, 2023

SVB Financial Group files for chapter 11 protection but failed Silicon Valley Bank, now under FDIC control, is not part of it Silicon Valley Bank’s parent company filed for bankruptcy protection on Friday, a week after the tech lender was taken over by federal regulators following a 36-hour surge of depositor withdrawals that triggered the worst bank collapse since the financial crisis.

Company 73

Company FDIC New York Groups 73

The Paypers

MARCH 17, 2023

Germany-based online broker FXFlat has announced partnering with the fintech RIDE to launch the brokerage solution RIDE Low-tax Broker, which is aimed exclusively at corporate customers, including limited liability companies (GmbH).

Taxes 63

Taxes Fintech Online Company 63

Advertisement

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.

Lending

TheGuardian

MARCH 17, 2023

Banking system is reeling from a series of shocks but is in better shape than at time of 2008 crash The global banking system is reeling from a series of shocks over the past week, prompted by the collapse of California’s Silicon Valley Bank. That has stoked fears that this is the start of another banking crisis, posing big questions for central banks as they try to fight inflation while ensuring financial stability.

Marketing 71

Marketing System US 71

BankInovation

MARCH 17, 2023

LONDON — HSBC acquired Silicon Valley Bank UK earlier this week, but will those tech clients stay with HSBC or will they turn to neobanks? That was a question from Chris Skinner, chief executive of The Finanser, on Tuesday at the FinovateEurope event in London.

Retail 52

Retail 52

TheGuardian

MARCH 17, 2023

Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns Silicon Valley Bank’s parent company files for bankruptcy Credit Suisse hit by legal action from US investors Credit Suisse shares came under renewed pressure on Friday, despite fresh attempts by central banks and politicians to calm fears about a crisis in the global banking industry sparked by the collapse of two US banks this week.

US 67

US Regional National Security 67

BankInovation

MARCH 17, 2023

March 17, 2023 Dear Reader, Royal Media has embarked on an experiment to incorporate artificial intelligence into our editorial endeavors. This is an exciting initiative for us, although we recognize that it comes with uncertainty. But we have always experimented and explored new technologies, business models and strategies.

Strategy 52

Strategy US Technology 52

Advertisement

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.

US

TheGuardian

MARCH 17, 2023

The troubled bank continued to see its price fall despite a $54bn cash infusion from the Swiss national bank Swiss banking giant UBS is in discussions to take over all or part of Credit Suisse, it was reported late Friday, after a day in which the troubled banking giant continued to see its share price fall despite a $54bn cash injection on Thursday.

Report 65

Report National Meeting Regulation 65

The Paypers

MARCH 17, 2023

Ukrainian Processing Center (UPC) and Tietoevry Banking have announced a partnership to develop Open Banking services in Ukraine.

68

68

BankInovation

MARCH 17, 2023

LONDON — Morgan Stanley is changing the way it looks at inclusivity and diversity in financial services through its Inclusive Ventures Lab.

Company 52

Company Strategy Capital Groups 52

The Paypers

MARCH 17, 2023

Lego , the Denmark-based toy company, has announced it wants to diversify its entertainment offerings portfolio, targeting the metaverse in partnership with Epic Games.

Company 41

Company 41

Advertisement

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

BankInovation

MARCH 17, 2023

Envestnet is rushing to release a product Monday that is designed to help financial institutions avoid a “Silicon Valley Bank situation.

Regional 52

Regional Retail 52

The Paypers

MARCH 17, 2023

Invoicing and inventory management software provider SmartBill has partnered with Romania-based Smart Fintech to integrate a Smart Accounts service.

Fintech 41

Fintech Software Management 41

American Banker

MARCH 17, 2023

Payments 74

Payments 74

The Paypers

MARCH 17, 2023

VR Payment , the payment specialist of the cooperative financial group Volksbank Raiffeisenbanken and part of the DZ BANK Group, has announced a cooperation with Germany-based anti-money laundering and fraud prevention software provider Hawk AI.

Payments 36

Payments Fraud Software Groups 36

Advertisement

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.

Lending