Payments Dive
MAY 23, 2022
Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments.
Perficient
MAY 23, 2022
In our final blog on insurance commerce, we build on the previous insights on strategy, customer needs, and internal readiness. We’ve always advocated a process-first mentality – and once these key inputs are ready, technology can be a great accelerator or activator of your strategy. As we draw on the cumulative insights of insurance commerce, it’s important to think about your technology across several capabilities: Journey Science – how does your technology target and talk to your current and
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Accenture
MAY 23, 2022
As the payments ecosystem expands into the worlds of crypto and the metaverse, keeping up with customer expectations, regulations and technological shifts is becoming a big challenge for payments providers. The only thing we can be certain of is that things will keep changing! Staying relevant in this environment will require a level of agility…. The post Agility makes the pieces fit for payments players appeared first on Accenture Banking Blog.
Payments Dive
MAY 23, 2022
Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand to cover big expenses in other areas.
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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
South State Correspondent
MAY 23, 2022
Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige. But what are the optimal fixed terms for community banks given today’s interest rate, credit, and liquidity environment? While every bank’s mix of deposits and loans is different, community bankers should consider some common themes in the market when optimizing their balance sheet loan portfolio.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Gonzobanker
MAY 23, 2022
Banks and credit unions should be developing intentional strategies to counter the loss of overdraft fee income. Momentum is growing for banks and credit unions to eliminate or significantly reduce overdraft fees, and many institutions are hard at work planning for how to navigate this revenue transition. What started with Ally and Capital One now includes everyone from Fifth Third to Jovia Federal Credit Union.
ABA Community Banking
MAY 23, 2022
In a special bonus episode of the ABA Banking Journal Podcast, ABA's Rob Morgan digs into the association's comments on the Federal Reserve's discussion paper on central bank digital currencies. The post Podcast: How a CBDC would ‘fundamentally rewire our economy’ appeared first on ABA Banking Journal.
BankInovation
MAY 23, 2022
Plaid released a biometric Identity Verification (IDV) tool last week that will integrate into its account linking services in an effort to streamline customer onboarding. IDV handles authoritative data source, documentary and liveness verification, as well as more than 16,000 possible document types, according to the announcement. It also automates verification checks based off […].
SWBC's LenderHub
MAY 23, 2022
Each year in May, we celebrate Mental Health Awareness month. After two years of pandemic stress, keeping up with constantly changing news cycles, and dealing with increasing economic uncertainty, we could all use a mental health boost.
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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
BankInovation
MAY 23, 2022
As crypto continues to gain traction with banks and financial institutions, experts are cautioning against moving away from its traditional use cases. Banks as diverse as $1.6 trillion Goldman Sachs and $122 billion Signature Bank have dipped their toes into the cryptocurrency pool, with Goldman Sachs originating its first Bitcoin-backed loan in April and Signature […].
CFPB Monitor
MAY 23, 2022
The CFPB has issued a new interpretive rule regarding the authority of state attorneys general and state regulators (State Officials) to enforce the Consumer Financial Protection Act (CFPA). . CFPA Section 1042(a) (12 U.S.C. Section 5552) authorizes “the attorney general (or the equivalent thereof) of any State” to bring “a civil action…to enforce the provisions of [the CFPA] or regulations issued under [the CFPA] and to secure remedies under provisions of [the CFPA] or remedies otherwise provid
BankInovation
MAY 23, 2022
Banks have inherent advantages over fintechs in the race to recruit top tech talent although fintechs are often viewed as more efficient and faster-moving than banks. "Technologists have highly valued skills and the competition to attract them is fierce across all industries," Gill Haus, chief information officer, Chase at $3.7 trillion JPMorgan Chase, told Bank […].
CFPB Monitor
MAY 23, 2022
The U.S. Supreme Court today held that waiver of the right to arbitrate does not require a showing that the other party was prejudiced. The unanimous opinion by Justice Kagan in Morgan v. Sundance reversed the Eighth Circuit, which had held that a party waives the right to arbitrate if it knew of the right, acted inconsistently with that right and prejudiced the other party by its inconsistent actions.
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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.
BankInovation
MAY 23, 2022
Fintech Apex Fintech Solutions is leveraging U.S. Bank’s real-time rails to offer real-time payments on its digital custody and clearing platform in the type of partnership the $587 billion bank hopes to foster with other fintechs in the future. Apex Fintech Solutions is a business-to-business fintech that sells fractional shares. It digitizes what has been […].
William Mills
MAY 23, 2022
At this year’s FinovateSpring in San Francisco, our CEO William Mills interviewed some of fintech’s top professionals to examine the latest technology and advancements in the industry. William sits down with Kathy Strasser, COO and CIO of IncredibleBank , to discuss her power panel on the importance of diversity in financial services, the bank’s shifting strategy and more.
BankInovation
MAY 23, 2022
U.S. Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app. The Minneapolis-based bank last month launched a Spanish-language version of its smart voice assistant — Asistente Inteligente de U.S. Bank — that allows consumers who select Spanish as their preferred language in the app to search for checking […].
The Paypers
MAY 23, 2022
The Central Bank of Argentina (BCRA) has ordered that banks and virtual wallets offer their clients the possibility of associating all the accounts that they have in their name through their applications, according to iproup.com.
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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.
ABA Community Banking
MAY 23, 2022
Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. Households released today. The post Fed survey: Americans’ financial well-being improves in 2021 appeared first on ABA Banking Journal.
The Paypers
MAY 23, 2022
The regulatory and supervisory bodies of the financial and insurance market have published the Joint Resolution No. 5/2022 , which provides for interoperability in Open Finance.
CB Insights
MAY 23, 2022
Caribou , an online insurance comparison engine, has raised $115M in a Series C. The round drew participation from Goldman Sachs Asset Management, Accomplice, and Firebolt Ventures, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class=
The Paypers
MAY 23, 2022
Germany-based payment card producer exceet Card Group has announced a strategic cooperation with the green banking fintech ecolytiq.
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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.
CB Insights
MAY 23, 2022
Bravado , an online community for salespeople, has raised $26M in a Series B. The round drew participation from AirAngels, Freestyle Capital, Tiger Global Management, and XYZ Ventures, among others. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. First name.
The Paypers
MAY 23, 2022
Spain-based not-for-profit banking foundation CaixaBank has launched, earlier in May 2022, its first card designed for visually impaired customers, with card numbers printed in Braille, in partnership with Visa.
The Paypers
MAY 23, 2022
MatchMove , a global embedded finance firm, has acquired ecommerce platform Shopmatic in a USD 200 million deal, creating an end-to-end embedded finance and ecommerce powerhouse.
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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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