Payments Dive

MARCH 14, 2023

The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.

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social media Payments 221

CFPB Monitor

MARCH 14, 2023

The Government Accountability Office (GAO) has issued a new report entitled “Financial Technology: Products Have Benefits and Risks to Underserved Consumers, and Regulatory Clarity Is Needed.” The report focuses on the following four types of fintech products: Digital deposit accounts offered by fintech companies through partnerships with banks or credit unions. .

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Fintech Report Financial Technology Lending 145

Payments Dive

MARCH 14, 2023

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

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CFPB Monitor

MARCH 14, 2023

Move over, Tax Day! This year, April 15 falls on a Saturday so the IRS moved the tax filing deadline to April 18. What will you do with all that extra time? Don’t worry, Visa’s got you covered. Visa recently notified its business network that new rules for debt repayment are coming on April 15, 2023. .

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Taxes Cards 128

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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

Lending

ATM Marketplace

MARCH 14, 2023

The collapse of SVB and Signature Bank have raised questions about the economy, the banking system, cryptocurrency and how banks should respond.

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cryptocurrency System 125

FICO

MARCH 14, 2023

Home Blog FICO Claims Automation for Health Plans: Transformation with a Small “t” By focusing on transformation with a small “t” that addresses measurable performance gaps, health plans and administrators can use claims automation to control costs and risk FICO Admin Tue, 07/02/2019 - 02:45 by Paul Crowder expand_less Back To Top Tue, 03/14/2023 - 14:15 Some time ago, I witnessed a plea for help in a global healthcare summit from a Director of Claims Management for assistance in automating thei

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CFPB Monitor

MARCH 14, 2023

The Securities and Exchange Commission (SEC) has filed a petition for certiorari with the U.S. Supreme Court seeking review of the Fifth Circuit’s decision in Jarkesy v. Securities and Exchange Commission , a case with significant implications for the use of administrative law judges (ALJs) by federal agencies, including the CFPB. .

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Security 78

CB Insights

MARCH 14, 2023

For its 2,690+ fintech clients, Silicon Valley Bank (SVB) is more than just a bank. In addition to the venture debt financing and startup banking that it’s known for, SVB is a gateway for commercial payments and online payments acceptance. In fact, it markets itself not as a bank, but as a financial technology partner. According to SVB, its clients account for 71% of all fintech IPOs since 2020.

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Fintech Company Financial Technology Online 83

TheGuardian

MARCH 14, 2023

Swiss bank’s shares fall as annual report reveals another blow to its bid to recover from string of scandals Credit Suisse has said it found “material weaknesses” in its financial reporting controls and that clients were still withdrawing cash, the latest blow to the Swiss bank as it tries to recover from a string of scandals. The bank’s shares fell as much as 5% on Tuesday, dropping as low as 2.12 Swiss francs – close to the record low on Monday – before recovering some ground to be down 0.7%.

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Report 59

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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

Report

BankInovation

MARCH 14, 2023

In the wake of Silicon Valley Bank’s failure, several fintechs are looking at the effects of SVB’s collapse on the market, regardless of whether they had accounts with the bank.

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Fintech Marketing Company 52

FICO

MARCH 14, 2023

Home Blog FICO Rank Distillation: Operationalizing AI Continuity in the Corpus AI New models can underperform alarmingly easily if you take your eyes off the Corpus AI FICO Admin Tue, 07/02/2019 - 02:45 by Scott Zoldi Chief Analytics Officer expand_less Back To Top Tue, 03/14/2023 - 15:00 Decision management systems are complex, consisting of numerous components such as machine learning (ML) models, decision strategies, rules systems, alert management and performance monitoring.

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Training San Diego Strategy Analytics 52

BankInovation

MARCH 14, 2023

Silicon Valley Bank’s collapse is just the latest example of how a historic slowdown in IPOs is producing a minefield of unexpected consequences. The shuttered market for US initial public offerings — and the resultant lack of proceeds for cash-strapped firms — has created myriad complications for Corporate America.

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US Marketing America Examples 52

TheGuardian

MARCH 14, 2023

Probes announced in the UK and US over failure of California lender as financial markets recovered from Monday’s turmoil Inquiries into the collapse of Silicon Valley Bank (SVB) and its UK arm have been announced in Britain and America, as financial markets settled and banking shares recovered from Monday’s turmoil. In the US, prosecutors at the Department of Justice (DoJ) as well as the stock market regulator, the Securities and Exchange Commission (SEC), are conducting separate investigations

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California America US Regulation 56

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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.

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BankInovation

MARCH 14, 2023

Auto Finance News, a sister publication of Bank Automation News, is pleased to announce that applications are now open for the 2023 Demo Challenge, which will take place at the Auto Finance Summit East on May 10-12 in Nashville, Tenn.

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Nashville Technology Conference Fintech 52

TheGuardian

MARCH 14, 2023

In this week’s newsletter: While its quick slip into financial hardship has left American bankers reeling, its UK division is surprisingly fine. But the tech sector isn’t out of trouble yet Don’t get TechScape delivered to your inbox? Sign up for the full article here Last week, if you had heard of Silicon Valley Bank UK, you probably worked in tech.

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Innovation Cards California US 51

BankInovation

MARCH 14, 2023

Payroll provider fintech Rippling, formerly a Silicon Valley Bank client, has moved to JPMorgan Chase as SVB collapsed late last week. The San Francisco-based startup already was in the process of onboarding with JPMorgan Chase as an additional partner, according to the fintech’s website.

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San Francisco Fintech Payments 52

TheGuardian

MARCH 14, 2023

Failure of America’s 16th biggest bank amid high inflation poses an awkward decision on interest rates for the Federal Reserve The collapse of Silicon Valley Bank (SVB) has inevitably conjured up memories of September 2008 when the bankruptcy of Lehman Brothers prompted a market meltdown, a global recession and a dramatic easing of policy from the world’s central banks.

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Policies US Capital Regulation 48

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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.

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BankInovation

MARCH 14, 2023

Adoption of embedded banking by both businesses and customers is on the rise, and it is helping to reduce the risk of payment fraud along the way.

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Fraud Security System Payments 52

The Paypers

MARCH 14, 2023

The Network for Electronic Transfers ( NETS ) Group has announced that will now support Visa and Mastercard payments, as a partnership with the two card networks.

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Groups Cards Payments 41

American Banker

MARCH 14, 2023

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Fintech 87

The Paypers

MARCH 14, 2023

Bahrain-based fintech Infinios has teamed with Mastercard to expedite the digitisation of B2B travel payments between buyers and suppliers with the launch of a wholesale programme.

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Fintech Payments 36

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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.

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American Banker

MARCH 14, 2023

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Community Bank Community Lending 74

The Paypers

MARCH 14, 2023

Saxo , a market access specialist has announced that as part of its partnership with digital wealth manager, Moneyfarm , it has provided M&G’s &me investors with access to mutual fund portfolios.

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Management Marketing 36

American Banker

MARCH 14, 2023

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The Paypers

MARCH 14, 2023

Payments service provider activating in the MENA region HyperPay has planned to go public through an initial public offering (IPO) in Saudi Arabia within the next two years.

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Regional Payments 36

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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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