Fri.Feb 04, 2022

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Acting Comptroller of the Currency Wants Crypto Regulated

Perficient

Acting Comptroller of the Currency Michael J. Hsu spoke in late January at the British-American Business Transatlantic Finance Forum Executive Roundtable regarding the regulation of crypto-assets, including stablecoins. Mr. Hsu began his speech by noting how cryptocurrency has gone “mainstream with consumers,” noting that 16% of American adults claim to have owned, traded, or used some form of cryptocurrency.

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Listen: Weekly Wrap looks at ransomware attacks on financial institutions

BankInovation

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team looks at a new type of ransomware attack on a U.S. bank, along with an FBI warning cautioning consumers on quick response (QR) code payments. White Rabbit, a new family of ransomware, attacked a U.S. bank in December 2021. While details […].

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Touchless tech creates safer work environments

ATM Marketplace

Touchless technology can help ease employees back into the workplace.

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PayPal’s technology and development spend up 9% YoY

BankInovation

PayPal Holdings Inc.’s technology and development spend in Q4 2021 reached $796 million, a 9% year-over-year increase. The payment company also spent 5% more on tech during the quarter than in Q3, according to its generally accepted accounting principles (GAAP) operating expenses released as part of Tuesday’s Q4 earnings call. The upward tick in technology […].

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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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Nationwide partners with Funding Circle in support of SMEs

The Paypers

UK-based Nationwide has teamed up with fintech Funding Circle to augment access to insurance and capital resources for SMEs in the US.

More Trending

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PayPal identifies 4.5 million illegitimate accounts

The Paypers

PayPal has identified 4.5 million accounts that are believed to be illegitimately created.

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A West Virginia bank's bet on gambling and fintech is paying off

American Banker

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CSIO and IBAC partner for industry API development

The Paypers

The Centre for Study of Insurance Operations (CSIO) has officially teamed up with the Insurance Brokers Association of Canada (IBAC) for industry API development, according to Insurance Business Canada.

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Small banks aren’t planning to jump on buy now/pay later bandwagon

American Banker

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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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Swiss Federal Council pushes for digital finance

The Paypers

The Swiss Federal Council has released a report outlining its focus on digital finance, according to fintechnews.ch.

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Bank of America CEO Moynihan gets 31% raise to $32 million

American Banker

America 74
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Sberbank launches mobile money transfer solution in China

The Paypers

Russia-based lender Sberbank has launched money transfers to Alipay wallets in China using phone numbers.

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Message to FDIC's new leaders: Crack down on 'rent a bank' loans

American Banker

FDIC 74
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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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How to Overcome the 5 Most Common Obstacles to Growth in Banking

The Financial Brand

Typical consumer (and employee biases) often derail sales and hurt customer experience. Understanding them is the key to counteracting them. The post How to Overcome the 5 Most Common Obstacles to Growth in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Austin Capital Bank tests embedded insurance

American Banker

Austin 74
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8Twelve licences Connect API and Inverite

The Paypers

Marble Financial , an AI-driven financial technology company, has reached a licencing agreement with 8Twelve Financial Technologies for its Connect API and Inverite Open Banking software.

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Bitcoin as a benefit? How NYDIG wants to help employees save

American Banker

Bitcoin 69
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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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EBA issues consultation paper on onboarding guidelines

The Paypers

The European Banking Authority (EBA) has delivered a paper regarding the Remote Customer Onboarding Solutions under Article 13(1).

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Bankers are on the front lines in fight against domestic violence

American Banker

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Mento joins Mambu to augment financial inclusion

The Paypers

Chile-based digital lender Mento has gone live on Mambu ’s SaaS cloud banking platform to extend loans via cloud technology to more population segments.

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CEO of TruMark Financial Credit Union in Pennsylvania to retire

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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UNISSEY partners ZignSec for new eKYC process

The Paypers

UNISSEY has partnered up with ZignSec to offer an end-to-end solution for remote and secure access, from the first step of the identity verification process.

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Treasury warns of illicit money percolating in high-end art

American Banker

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180º Seguros receives BRL 177 million

The Paypers

180º Seguros has announced the raising of BRL 177 million, according to infomoney.com.br.

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Deutsche Bank tightens grip on WhatsApp use amid U.S. crackdown

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.