Fri.Dec 02, 2022

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Affirm mulls consumer, merchant fee increases

Payments Dive

The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it targets profitability for next year.

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Dirty power degrades ATM customer experience

ATM Marketplace

ATMs need to deliver a consistent experience to keep customers satisfied. An often-overlooked detail about the ATM experience is that the consistency of the machine's performance is highly dependent on the quality of the electrical power driving it.

ATM 103
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Panel blasts fintechs for missing PPP fraud

Payments Dive

Fintechs like Womply and Blueacorn provided the “paths of least resistance” for fraudsters bilking the federal Paycheck Protection Program, a House subcommittee said Thursday.

Fintech 221
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France and Luxembourg central banks work together on a CBDC initiative

The Paypers

Banque de France and the Banque centrale du Luxembourg worked together on an experimental Central Bank Digital Currency (CBDC) initiative.

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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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National Bank of Canada invests in technology, talent in Q4

BankInovation

National Bank of Canada (NBC) is set to continue its digital innovation strategy through hiring technology-focused talent. “We will continue to invest in our people, focus on deepening our client relationships, capitalize on our momentum in digital innovation and leverage our collaborative models to drive growth across the country in the years to come,” Chief […].

More Trending

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TD Bank invests in digital offerings, tech talent

BankInovation

TD Bank reported an increase in technology and employee-related expenses to meet growth within its digital channels during the bank’s fourth-quarter earnings call on Thursday. WHY IT MATTERS: The $1.4 trillion TD Bank attributed the year-over-year rise in non-interest expenses to its “strategic investments in our people, in technology and in new capabilities in our […].

Meeting 52
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Stripe launches its own fiat-to-crypto on-ramp

The Paypers

US-based payments processing company Stripe has launched its own fiat-to-crypto on-ramp in order to allow clients to exchange dollars for cryptocurrencies.

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Five types of risks that threaten bank-fintech partnerships

American Banker

Fintech 91
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Rewarding whistleblowers – a price worth paying?

The Banker

The US approach of offering large sums of money for information has proven highly effective. Should the UK follow suit? By Greg Glynn and Jorge Lopes of Forensic Risk Alliance.

US 36
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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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KreditBee raises USD 80 mln in series D funding round

The Paypers

India-based fintech platform KreditBee has raised USD 80 million in a series D funding round with participation from MUFG Bank aimed at diversifying its product portfolio.

Fintech 36
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CFPB discloses its first known probe of a crypto firm, which is fighting the effort

American Banker

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Grab, CTOS extend BNPL service to non-active users

The Paypers

Superapp Grab has announced a partnership with credit reporting agency CTOS to extend its buy now, pay later (BNPL) service to non-active users in Malaysia.

Report 36
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Newtek's bank conversion plan gets green light from OCC after long wait

American Banker

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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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Cellulant expands in South Africa

The Paypers

Kenya-based fintech Cellulant has started a business in South Africa after testing the market and looks to wrap up fundraising for further expansion plans.

Fintech 36
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Yonkers Postal Employees Credit Union hit with cease-and-desist order

American Banker

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Trust Bank partners with Thought Machine

The Paypers

Thought Machine , a cloud-native banking technology company, has announced it is powering Trust Bank , a Singapore-based cloud-native digital banks.

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New CEOs named at four credit unions

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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Atlantic Money becomes starts operating in Spain, Italy, and France

The Paypers

UK-based fintech Atlantic Money has expanded its remittance solution into three more European markets, France Italy, and Spain.

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Fed calls for closer monitoring of climate risks in proposed guidelines

American Banker

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ING Germany partners with Viafintech for new cash service offer

The Paypers

ING Germany has announced allowing customers to use "ING Cash" in the Banking to Go app.

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Latest banking news

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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Teampay closes USD 47 mln Series B

The Paypers

Teampay , a US-based spend management company, has closed a USD 47 million Series B led by Fin Venture Capital.

Capital 36
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FTX investors squeezed by U.S. for information on firm and Bankman-Fried

American Banker

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CFPB Analyzes Impacts of Higher Mortgage Interest Rates

CFPB Monitor

The CFPB’s Office of Research recently issued a blog post regarding its analyses of the impacts of higher mortgage interest rates on borrowers and potential homebuyers. The analyses are based on first and second quarter Home Mortgage Disclosure Act (HMDA) data filed by the 55 mortgage lenders that are required, based on their high volume of mortgage lending, to collect and submit HMDA data on a quarterly basis.

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Biggest Wall Street banks are slashing bonuses by as much as 30%

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.