Payments Dive
OCTOBER 25, 2022
Thousands of payments and fintech professionals at the Money 20/20 conference in Las Vegas this week are racing ahead with high-growth businesses, even as a drop-off in capital threatens to ruin the celebration.
Accenture
OCTOBER 25, 2022
The world of banking is big—too big for one person to cover alone, especially with today’s digitally-fueled pace of change. In that spirit, I’m turning my blog over to my colleague Steven Smith for this post on the once-in-a-generation opportunity emerging in retail banking right now. Steve is a managing director at Accenture and our…. The post Why retail banking presents rare opportunities right now appeared first on Accenture Banking Blog.
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Payments Dive
OCTOBER 25, 2022
The company's suite of seven banking products includes early wage access, as well as bill pay and instant funding. The latter two will be available in beta next year.
ATM Marketplace
OCTOBER 25, 2022
Although some consumers have embraced digital cards in light of COVID-19, others remain concerned about security breaches. In light of all of this, we must ask the question: What's the current state of digital cards and where are they headed?
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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
Payments Dive
OCTOBER 25, 2022
The e-commerce giant’s new payment method was first teased in an announcement from Venmo owner PayPal last year.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
OCTOBER 25, 2022
Although it has not yet been a week since a Fifth Circuit panel issued its decision holding that the CFPB’s funding mechanism is unconstitutional, the defendants in three CFPB enforcement matters are already attempting to use the decision as grounds for dismissal of the CFPB actions. . The Fifth Circuit’s decision in Community Financial Services Association v.
TheGuardian
OCTOBER 25, 2022
Chief executive opposes calls for windfall tax on UK banks despite strong results as interest rates surge HSBC has reported better-than-expected profits for July to September after the bank reaped the benefits of surging interest rates that have raised borrowing costs for customers. Despite the strong results, the chief executive, Noel Quinn, told journalists he would prefer the government to avoid raising taxes for UK banks, as the new prime minister, Rishi Sunak, and his chancellor, Jeremy Hun
CFPB Monitor
OCTOBER 25, 2022
Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers. Under the settlement, Rhinebeck will pay a $950,000 civil money penalty, provide restitution to borrowers, and develop a compliance plan which includes updates to it
TheGuardian
OCTOBER 25, 2022
Live, rolling coverage of business, economics and financial markets as lobby group leader Tony Danker calls for pro-growth policies from new prime minister Good morning, and welcome to our live, rolling coverage of business, economics and financial markets. The boss of Britain’s largest business lobby group has warned incoming prime minister Rishi Sunak against pursuing an austerity “doom loop” which he said could lead to a repeat of the weak economic growth since the financial crisis.
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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
Jack Henry
OCTOBER 25, 2022
How do you protect your organization from the sophisticated and growing threat posed by ransomware-as-a-service (RaaS)?
The Paypers
OCTOBER 25, 2022
Netherlands-based cloud banking platform Mambu has announced it has expanded its market reach across cloud providers Amazon Web Services (AWS) , Google Cloud , and Microsoft Azure.
BankInovation
OCTOBER 25, 2022
Louisville, Ala.-based 22nd State Bank is partnering with cloud software provider Quantalytix for quicker, more personalized loan decisioning. The $199 million bank’s new cloud-based solution provides loan portfolio reporting, analysis and profitability by leveraging Quantalytix’s Loan Portfolio Management platform, Chris Aliotta, chief executive at Quantalytix, told Bank Automation News.
The Paypers
OCTOBER 25, 2022
Embedded financial solutions provider Cross River has partnered with American Express to issue credit cards on behalf of fintechs on the Amex network.
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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.
CB Insights
OCTOBER 25, 2022
From account opening to underwriting to claims disbursements, the auto insurance policy of the future will be built almost entirely on digital transactions. The auto insurance industry has already seen significant advances in the last decade in terms of its digital sophistication. But there is still a long way to go. The future of auto insurance will be built on key technologies such as: Want the full post?
The Paypers
OCTOBER 25, 2022
US-based B2B payments platform Plastiq , which offers bill pay and instant working capital access to businesses, has announced expanded integration options to its embedded finance product.
The Banker
OCTOBER 25, 2022
Regulator activity in the US and UK concerning communications suggests banks should act quickly to avoid paying a “heavy price”. James King reports.
The Paypers
OCTOBER 25, 2022
UK-based global technology and management consultancy Capco , a Wipro company, and digital financial ecosystem key player Plaid have partnered to drive Open Finance adoption.
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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.
The Paypers
OCTOBER 25, 2022
Klarna Kosma , Klarna's financial technology platform for banks, fintechs and retailers, has announced its partnership with Krea, a Swedish digital loans platform for SMEs.
American Banker
OCTOBER 25, 2022
The Paypers
OCTOBER 25, 2022
US-based payments infrastructure company Gr4vy has teamed with Woolworths Group to power the latter’s Wpay payment platform with its payment orchestration platform.
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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.
The Paypers
OCTOBER 25, 2022
JCB International has partnered up with Trust Payments , enabling JCB’s customers to make payments across Trust Payments’ network of merchants in Europe.
American Banker
OCTOBER 25, 2022
The Paypers
OCTOBER 25, 2022
UK-based authentication technology iProov has started collaborating with Microblink to provide a biometric- and documented-based identity verification solution.
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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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