Tue.Sep 06, 2022

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Strange bedfellows question CBDC

Payments Dive

The Fed has an uphill effort ahead in pursuing a central bank digital currency, as evidenced by extensive skepticism from two disparate groups.

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What's the future for bank branches?

ATM Marketplace

The future of bank branches will be interesting, according to Stephen K Griffin, SVP and director of the Retail Distribution Planning Group at Regions Bank. Griffin shared his insights in an opening keynote at the Bank Customer Experience Summit held in Chicago from Aug. 31 to Sept 1.

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DekaBank is Live with SRD II Solutions from Broadridge

Bobsguide

Global Proxy Voting and Shareholder Disclosure Hub for Germany-headquartered financial services provider. Broadridge Financial Solutions, a global Fintech leader, today announced that it is supporting German banking and securities services provider, DekaBank, with its market-leading solutions for the updated Shareholder Rights Directive (SRD II). DekaBank has gone live with Broadridge’s Global Proxy Voting and Shareholder Disclosure Hub solutions.

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5 questions with … Santander Bank’s Chief Consumer and Digital Transformation Officer Pierre Habis

BankInovation

Santander Bank appointed Pierre Habis to the newly created role of chief consumer and digital transformation officer in June, expanding his responsibilities to include oversight of the bank’s digital transformation. The $102 billion bank is focusing on modernizing its technology stack, which includes the launch of new robotic process automation (RPA) capabilities, automating for customer […].

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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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Kristen Larson joins Ballard Spahr’s Consumer Financial Services Group

CFPB Monitor

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office. Kristen’s practice involves consumer, small business, and treasury management products and services; digital banking; emerging payments; servicing; innovative technology; information securi

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GFT finalists in two categories for the UK IT Industry Awards

Bobsguide

We are delighted to confirm that GFT are finalists in two categories for the prestigious UK IT Industry Awards 2022 ! We are in contention for both the ‘Services Company of the Year’ and ‘ Best Financial Services IT Project of the Year’ prizes which recognise another outstanding year of achievement for us in the UK. The winners of the awards will be announced in November.

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HSBC could lose our visually impaired cyclists their hard-won holiday

TheGuardian

The deposit has gone missing between between our club’s account and the hotel in Germany I am the leader of a tandem club that enables visually impaired riders to enjoy cycling. But our summer holiday to the Netherlands is in jeopardy because our €6,590 (£5,667) deposit has gone missing between our HSBC account and the hotel in Leiden. At the start of the summer, I made a group booking for the club, and was asked by the hotel to pay a 50% deposit by no later than 1 July.

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CME Group launches crypto futures contracts

The Paypers

US-based CME Group , a derivatives marketplace, has launched Bitcoin Euro and Ether Euro futures to provide institutional clients with more precise and regulated tools to trade crypto.

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KeyBank’s Dominic Cugini joins Bank Automation Summit Fall 2022 speaker faculty

BankInovation

Dominic Cugini, chief information officer of service digitization at KeyBank, has joined the speaker faculty at Bank Automation Summit Fall 2022 for the panel “Using business intelligence, CRM and automation to improve customer and employee experiences,” on Tuesday, Sept. 20, at 9 a.m. PT at the Hyatt Olive 8 in Seattle. The panel will discuss […].

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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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Citigroup joins efforts to expand access to credit

The Paypers

Citigroup has joined a government-sponsored effort to expand access to credit in underserved communities, launching two pilot programs early in 2023.

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Bank of America sees 1B digital logins in July

BankInovation

Bank of America saw a record one billion digital logins in July as it continues to make technology a centerpiece of client engagement. The numbers come as the $3.1 trillion bank recorded 2.8 billion logins during the second quarter, an 11% year-over-year increase. Over the past 12 years, the bank has dedicated more than $35 […].

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Financial Action Task Force reveals guidance on AML risks in real estate

The Paypers

The Financial Action Task Force (FATF) has revealed new guidance on anti-money laundering (AML) risks in the real-estate sector.

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Praxent boosts workforce amid multiple software launches

BankInovation

User experience and software engineering company Praxent has hired 45 employees over the last year to enhance the customer experience and keep up with new product launches. Tthe Austin, Texas-based company expanded its workforce following the launch of 40 products and software releases aimed at assisting customers in Latin American communities, along with financial institution […].

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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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Nochex and Mastercard to simplify checkout at merchants

The Paypers

UK-based payment service provider Nochex has announced it will launch Click to Pay in partnership with Mastercard.

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José Manuel Campa: Crypto-asset regulation – managing the transition from paper to practice

The Banker

The chair of the European Banking Authority discusses how industry participants and supervisors can prepare for enhanced regulatory obligations of crypto assets.

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Solid secures USD 63 mln

The Paypers

Solid , which rebranded from Wise in 2021, has secured a USD 63 million Series B round of funding to continue providing its Fintech-as-a-Service offering, according to TechCrunch.

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Contact center vendor that favored credit unions bulks up to lure banks

American Banker

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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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LicenceOne chooses Nordigen as Open Banking service provider

The Paypers

France-based software management platform LicenceOne , helping small and medium-sized businesses, has partnered with Nordigen to integrate bank data and track user software subscription transactions.

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Text-to-pay adds urgency to buy now/pay later loans

American Banker

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SC helps launch digital banks in Singapore and Indonesia

The Paypers

Standard Chartered has partnered with FairPrice Group to launch Trust Bank in Indonesia, while a partnership with Bukalapak gave rise to BukaTabungan, according to The Business Times.

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Home equity loans back in vogue as cash-out refis fade

American Banker

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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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BigPay introduces 'Stashes' feature for savings and financial well-being

The Paypers

Sigapore-based fintech BigPay has launched Stashes, a virtual account that allows users to organise and save money that is separate from the BigPay wallet.

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Citigroup cuts dozens of mortgage staffers after market slows

American Banker

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Open Banking Europe, Open Banking Exchange merge into OBE

The Paypers

Open Banking Europe has merged with its international division, Open Banking Exchange , to form one global OBE, according to an official press release.

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Fed's long-sought neutral goal proves elusive and moving target

American Banker

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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.