Payments Dive
APRIL 21, 2022
The grocery chain added Amazon One technology, which lets users pay with their palm prints, to a newly opened store in Austin, Texas, this week and plans to bring it to six other area locations in the coming weeks.
Accenture
APRIL 21, 2022
In the first post in this series on data-driven mastery in banking Four ways data can improve banks’ bottom line, I discussed the many ways that data can help a bank’s bottom line. But for data-driven insights to propel growth for commercial banks, the data needs to be analyzed using machine learning or AI, and…. The post To solve business needs, set your bank’s data free appeared first on Accenture Banking Blog.
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Payments Dive
APRIL 21, 2022
Driven by the financial inclusion movement and a desire to grow the pool of consumers eligible for credit products, well-established credit reporting bureaus and new fintechs are addressing the issue of access to credit and allowing more consumers to become creditworthy.
South State Correspondent
APRIL 21, 2022
Fed Speakers Continue to Explore Hawkish Frontier. We mentioned on Monday with a light week of economic information the trading will be driven mostly by Fed speakers trying to out-hawk the other. So far, we haven’t been disappointed. Reliably quote-worthy St. Lous Fed President James Bullard was first out of the box with a statement that the Fed may want to consider a 75bps rate hike.
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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
Payments Dive
APRIL 21, 2022
The bank said all of its plastic credit and debit cards will be made from at least 80% recycled material starting next year. The move is expected to reduce its use of non-recycled plastics by some 235 tons.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
APRIL 21, 2022
The initiative aims to support fintech startups during and after their time with Mastercard by introducing the small business owners to other entrepreneurs and potential partners in the payments realm.
BankBazaar
APRIL 21, 2022
Received your first salary? Congratulations! Resist the urge to splurge. Instead, a disciplined financial approach from your first pay onwards itself will work wonders in the long run. Here’s what to do. Receiving your first-ever pay cheque is a proud moment for most of us. It marks the first clear milestone in adulting. While the feeling is quite exhilarating – the flush of financial independence and a sense of accomplishment – resist the urge to splurge.
Bobsguide
APRIL 21, 2022
Finastra appoints Isabel Fernandez to accelerate lending business growth. Company welcomes Isabel to the Finastra leadership team, as EVP, Lending Business Unit. London, UK – April 21, 2022 – Finastra today announced the appointment of Isabel Fernandez, a highly regarded senior banking and technology executive, to the role of EVP for the company’s Lending Business Unit, effective May 2022.
BankInovation
APRIL 21, 2022
Banks undoubtedly face challenges when transitioning to the cloud, including monolithic applications, a lack of resources, and legacy processes and workflows. Many also lack a clearly defined strategy shaped by business objectives, says Chinmoy Banerjee, corporate vice president and global head of banking at consulting firm Hexaware Technologies, on this episode of “The Buzz” podcast. […].
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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
CFPB Monitor
APRIL 21, 2022
We first look at NCLC’s legislative priorities, which include a 36% national interest rate cap and credit reporting reform, and the prospects for Congressional action. Ms. Saunders then provides NCLC’s perspective on areas of potential CFPB regulatory action including overdraft and other fees labeled “junk fees” by the CFPB, earned wage access programs, buy-now-pay later products, income share agreements, the use of artificial intelligence in underwriting and collections, fraud in peer-to-peer
BankInovation
APRIL 21, 2022
Britain’s banking regulator will tap the commercial institutions it oversees for funds that will help it hire staff to track risks including the growing crypto market. The Prudential Regulation Authority, which is part of the Bank of England, is planning to raise 321 million pounds ($419 million) from the firms it regulates for the year […].
TheGuardian
APRIL 21, 2022
Bank says it is responding to changing habits with all but four branches due to shut at 3pm Santander is cutting the opening hours of hundreds of branches, saying it is responding to changing customer habits. The bank said all but four of its branches would now shut at 3pm on weekdays instead of the current 4.30pm, while more than two-thirds would close at 12.30pm instead of 4pm on Saturdays.
BankInovation
APRIL 21, 2022
Tech spend is on the rise at regional banks as smaller institutions look to differentiate themselves in a crowded digital banking marketplace. First Republic Bank San Francisco-based First Republic Bank completed a core conversion during Q1, which bank executives last week called the largest technology project in its history. Information systems expenses totaled $107 million […].
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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.
The Paypers
APRIL 21, 2022
The Paypers has launched the Financial Crime and Fraud Report 2022 , a comprehensive overlook of the current landscape of digital onboarding, fraud management, and financial crime in financial services.
TheGuardian
APRIL 21, 2022
Judge says bank ‘utterly failed to address the issues systematically’ as its total penalties for misconduct rise to $130m Follow our live blog for the latest news updates Get our free news app ; get our morning email briefing Westpac has been fined $40m for charging fees to more than 11,800 dead people, bringing the total the federal court has ordered the bank to pay in a string of misconduct cases brought by the corporate regulator to $130m.
CB Insights
APRIL 21, 2022
Brex , a provider of spend management solutions, has acquired Pry Financials , a provider of financial planning software for startups, for $90M. <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="cta-desktop center-copy "><h4>
TheGuardian
APRIL 21, 2022
James Marape says failed deal cost country ‘in excess of $AUD340m’ and accused bank of overcharging by AUD$175m The Australian arm of UBS should be banned from doing business in Papua New Guinea for ten years and former prime minister Peter O’Neill should be prosecuted over their roles in a loan that resulted in a huge loss to the country, current prime minister James Marape has said.
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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.
The Paypers
APRIL 21, 2022
Canada-based online lender QuadFi has entered into an agreement for a new financing facility of up to USD 100 million from Crayhill Capital Management.
The Paypers
APRIL 21, 2022
UK-based Finastra has teamed up with EcoTree , a forestry company focused on carbon removal and biodiversity preservation through tree planting and sustainable forestry management.
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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.
The Paypers
APRIL 21, 2022
Spain-based bank BBVA has announced a 20 million dollar investment in Lowercarbon Capital , a venture capital fund specialising in companies in the climate change and decarbonisation fields.
The Paypers
APRIL 21, 2022
Digital banking solutions provider Apiture has announced that US-based community bank Ephrata National Bank (ENB) , has selected its platform to power its online and mobile banking solutions, according to IBS Intelligence.
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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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