Thu.Sep 08, 2022

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Healthcare fintechs targeted by cyber criminals

Payments Dive

Cybersecurity professionals say healthcare payments processing firms are particularly vulnerable to information technology breaches and ransom demands.

Fintech 355
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How can banks embrace a growing Gen Z workforce?

Accenture

Getting young graduates excited about working in commercial banking will be a challenge for incumbents, as our report on Commercial Banking Top Trends in 2022 highlights. I began this series with a look at the industry’s outdated image in Wall St to Elm St: Surviving the talent nightmare. Then, in Smart banks will value talent…. The post How can banks embrace a growing Gen Z workforce?

Trends 284
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Basic income pilots gain momentum across US cities

Payments Dive

At least a dozen U.S. cities have implemented unconditional direct cash payment programs over the past year, as advocates seek to build evidence and experts debate the most effective structures.

US 195
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Banks set to deliver on $369 billion climate act

Accenture

The $369 billion “climate action bill” that the US has just passed into law is positive news for banks committed to combatting climate change and advancing sustainability. The new legislation is likely to prompt corporate customers of US banks to accelerate their efforts to reduce greenhouse gas emissions to net zero. Such moves would be…. The post Banks set to deliver on $369 billion climate act appeared first on Accenture Banking Blog.

US 243
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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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Mesh Payments raises $60M

Payments Dive

The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.

Payments 221

More Trending

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New Fed official speaks to payments, crypto and FedNow

Payments Dive

Here are 10 takeaways from the Fed's new head of supervision, on everything from payments to crypto to FedNow.

Payments 243
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Murex Develops Interface that Offers Fixed Income, Derivatives Data from ICE

Bobsguide

MX.3 clients benefit from international venue data access that covers broad asset class range. LONDON and PARIS, September 8, 2022 —Murex, the global leader in trading, risk management and processing solutions for capital markets, has integrated with ICE Data Services, which is part of Intercontinental Exchange (NYSE:ICE), to offer a more efficient workflow for accessing ICE’s fixed income and derivatives data via the MX.3 platform.

Data 88
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Measuring capital at risk in the UK banking sector

BankUnderground

Giovanni Covi, James Brookes and Charumathi Raja. How banks are exposed to the financial system and real-economy determines concentration risk and interconnectedness in the banking sector, and in turn, the severity of tail-events. We construct the Global Network data set , a comprehensive exposure-based data set of the UK banking sector, updated quarterly, covering roughly 90% of total assets.

Capital 92
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Private Market Hub Becomes the First Multi-jurisdictional, Multi-tenant Enabled Solution

Bobsguide

Private Market Hub Becomes the First Multi-jurisdictional, Multi-tenant Enabled Solution for Private Equity Firms Globally; Northern Trust funds first to go live on the new multi-jurisdictional environment. Leveraging blockchain technology to alleviate the complexities faced by asset managers with funds in multiple geographies, global Fintech leader, Broadridge Financial Solutions, has released a multi-jurisdictional version of its private equity platform, Private Market Hub, now available to fu

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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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This week’s podcast episode: A look at recent Federal Trade Commission and Consumer Financial Protection Bureau privacy and data security initiatives

CFPB Monitor

Our discussion examines the FTC’s Advanced Notice of Proposed Rulemaking relating to what it describes as “commercial surveillance” and the CFPB’s circular confirming that covered persons and service providers may violate the Consumer Financial Protection Act’s prohibition against unfair acts or practices when they fail to adequately safeguard consumer information.

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Podcast: How #BanksNeverAskThat helps protect bank clients against fraud

ABA Community Banking

The latest incarnation of ABA's award-winning #BanksNeverAskThat anti-phishing campaign returns in October. The season premiere of the ABA Banking Journal Podcast features a banker's perspective on participating in the campaign and a sneak preview of new creative. The post Podcast: How #BanksNeverAskThat helps protect bank clients against fraud appeared first on ABA Banking Journal.

Fraud 59
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Curinos publishes update to “Competition Drives Overdraft Disruption” study, predicting consumer savings of $28B from 2021 to 2025

CFPB Monitor

On September 6, 2022, Curinos published an update to their “ Competition Drives Overdraft Disruption” study published in December 2021. Curinos was formed from the combination of two data driven business intelligence companies, Novantas and Informa’s FBX business. . As has been previously reported by the CFPB through a blog post and two December 2021 overdraft reports , which we previously blogged about here and here , many banks have announced innovations and policy changes in the past yea

Study 78
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ML-driven Chase platform distills data for business insights

BankInovation

JPMorgan Chase recently launched its data analytics-based Customer Insights platform in order to provide its small business clients with a deeper understanding of their customer base through their transaction and payment history. “How do you let a machine learn the data and then translate it to a business recommendation?” Tony Wimmer, managing director and head […].

Data 52
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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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CPRA’s employee and B2B exemptions appear destined to sunset

CFPB Monitor

The August 31 closing of the California legislative session likely marked the end of hopes for an extension of the limited exemptions for employee and business-to-business (B2B) data that have existed for the California Consumer Privacy Act (“CCPA”) since its inception. As a result, when the the California Privacy Rights Act (CPRA) goes into effect on January 1, 2023, employee and B2B data will be treated the same as consumer data. .

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Goldman lends $140 million to Latin American fintech Xepelin

BankInovation

(Bloomberg) -- Goldman Sachs Group Inc. provided a $140 million credit line to help finance a Mexico expansion for Latin American fintech Xepelin Holdings Inc., which offers services including payments and credit to small and midsize companies that do business with other firms. “It’s our largest credit facility so far, denominated in Mexican pesos, and […].

Fintech 52
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Payments Fraud in Asia Post Pandemic

FICO

Home. Blog. FICO. Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Saxon Shirley. Thu, 06/17/2021 - 06:40. by CK Leo. Senior Consultant, Fraud and Financial Crime. expand_less Back To Top. Thu, 09/08/2022 - 01:00. The growth of real-time payments and fraud in Asia. The payments landscape in Asia is rapidly evolving, thanks to the emergence of new payment methods.

Fraud 52
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UiPath stock price continues tumble

BankInovation

Robotic process automation (RPA) giant UiPath is taking a hit on Wall Street despite its recent acquisition of Re:infer, a natural language processing (NLP) company. The company’s stock has fallen 14% over the past 5 days, and 37% in the last month. For comparison, one year ago on Sept. 8, 2021, the company’s stock price […].

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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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iwoca and eBay launch financing solution for retailers

The Paypers

Germany-based online loan provider iwoca has partnered with eBay to launch the financing solution eBay Flexi-Kapital.

Retail 68
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Designing a Useful, Usable, and Desirable Digital Payments Experience

BankInovation

We’ve all heard the term user experience (UX) a lot in recent years, but what does UX actually mean for financial institutions and their digital payments platforms? In this article, we’ll let you know why UX design should be a vital part of your digital strategy. We’ll also discuss the top three factors that can make […].

UX 52
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Goldman Sachs lends USD 140 million to fintech Xepelin

The Paypers

US-based financial services company Goldman Sachs has agreed to lend USD 140 million to Chile-based fintech Xepelin to support its expansion into Mexico.

Lending 41
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China’s banks face soaring NPLs as economic woes intensify

The Banker

There are rising concerns over China’s banking system as the country’s lenders feel the effects of slowing growth combined with a deflating real estate market. Justin Pugsley reports.

System 36
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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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Algoan bets on responsible BNPL strategy to enter and win the UK market

The Paypers

France-based credit decisioning platform Algoan has targeted the UK with its API-centred Payment Scoring that assesses a consumer’s ability to make loan payments.

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Banks too must prepare for the flood

The Banker

As climate change threatens increased risk of floods, banks and insurers have a responsibility to galvanise their insurance policies. Philippa Nuttall reports.

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VTEX and Adyen bring unified commerce to retailers

The Paypers

UK-based digital commerce platform VTEX has partnered with fintech Adyen to accelerate bands and retailer’s growth with unified ecommerce across all touchpoints.

Retail 36
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A Crash Course on Digital Marketing Tools

Image Works Direct

Digital marketing might sometimes feel like one more thing you need to be on top of as a marketer. But there are some major advantages to digital marketing.

Course 36
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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.