Brex, flush with new deposits, bets big on travel recovery
American Banker
MARCH 22, 2023
Payments Dive
MARCH 22, 2023
Pittsburgh-based GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.
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Accenture
MARCH 22, 2023
In the current edition of the Banking Cloud Altimeter, we dig into the results of our 2022 Banking Cloud Rotation Index survey, which follows the progress of nearly 100 banks on their journey to cloud. Though the progress they have made over the past year is impressive, there still seems to be a shortage of… The post Banks need a unified vision for true cloud success appeared first on Accenture Banking Blog.
Payments Dive
MARCH 22, 2023
Panera plans to expand the palm payments technology to as many as 20 cafes in the second stage of the test, depending on the outcome of the initial test.
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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
Abrigo
MARCH 22, 2023
Understanding trade-based money laundering Addressing the FinCEN priorities in your AML/CFT policy means knowing what steps to take to prevent trade-based money laundering and terrorism funding. Would you like others articles like this in your inbox? This article was written by Mista Roberts Howard, Senior Financial Crimes Investigator at Abrigo Takeaway 1 Criminal organizations use trade-based money laundering in part because it is difficult to detect.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Gonzobanker
MARCH 22, 2023
“Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.” –Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? Whatever their level of faith or religious denomination, banking leaders have been praying like crazy for one critical outcome in these volatile days of banking crisis:
TheGuardian
MARCH 22, 2023
Unite says their analysis shows banks have made £7bn in extra profit from the rise in borrowing costs Britain’s biggest banks are under pressure to pass on higher interest rates to savers after figures showing they have made an extra £7bn by refusing to do so, and as they stand to benefit from a tax cut announced by Jeremy Hunt. On the day the Bank of England is expected to announce a further rise in interest rates , the Unite trade union said banks had already made billions of pounds in extra p
CB Insights
MARCH 22, 2023
What is an alternative investment? The alternative investment market encompasses any investment opportunity outside of traditional stocks and bonds, such as private equity, hedge funds, real estate, and digital assets. Business-to-business (B2B) companies in this market provide financial advisors and portfolio managers with access to alternative investment opportunities as well as related educational material that they can integrate into their client portfolios.
TheGuardian
MARCH 22, 2023
‘A monster is born’, say local press, as Credit Suisse takeover by UBS creates bank twice the size of the Swiss economy Outside Zurich central station, monsters snap at the feet of modern Switzerland’s founding father. The towering statue of the 19th-century industrialist Alfred Escher used to symbolise Switzerland’s calm and stability amid geopolitical storms: his back to the railway whose expansion he masterminded, his face turned to Paradeplatz square and the bank he created to finance his ve
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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
The Paypers
MARCH 22, 2023
Payments Canada has announced the launch of the second release of Lynx, Canada’s high-value payment system, now augmented with ISO 20022 certification.
TheGuardian
MARCH 22, 2023
Following an increase in interest rates, new startups, old tech companies and SVB are facing hard times Tech companies and their bank of choice are in crisis: there have been widespread layoffs , and Silicon Valley Bank (SVB) recently collapsed. So what went wrong? Let’s start with tech companies. There are at least two types: “new tech” and “old tech”.
BankInovation
MARCH 22, 2023
Customers have opened 4,000 accounts with finance and technology company Brex since the collapse of Silicon Valley Bank on March 10 as fintechs look to banking providers that understand startups and innovation. The San Francisco-based Brex serves as a provider for Doordash, Airbnb, YCombinator and digital payment and reward fintech Localight, according to its website.
CB Insights
MARCH 22, 2023
What is retirement investment? The retirement investment market includes companies that aim to improve advisors’ retirement offerings by providing payroll integrations and other retirement-focused portfolio-building solutions within the same platform. Most of the solutions focus on end-to-end retirement planning and cater to financial advisors and employers that want to integrate streamlined retirement offerings with their human resources systems.
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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.
BankInovation
MARCH 22, 2023
NatWest Group is teaming up with digital identity system OneID to provide an embedded verification system for U.K. clients.
TheGuardian
MARCH 22, 2023
The ghosts of 2008 return. Plus: 20 years after the Iraq invasion Get the Guardian Weekly magazine delivered to your home address You’d be forgiven for having allowed the collapse of the tech industry lender Silicon Valley Bank, earlier this month, to pass you by. Even the news that SVB’s UK operation had been salvaged in a deal brokered by the British government might not have registered too much.
Qudos Bank
MARCH 22, 2023
Looking for a way to make or receive safer bank transfers/payments? You may be interested in setting up and using PayID. We’ve implemented Osko payments, which give our customers the ability to make faster and more secure payments to/from participating financial institutions. It’s worth noting that Osko is only available for payments within Australia.
The Paypers
MARCH 22, 2023
SAP Fioneer , a global provider of financial services software solutions and platforms, has launched a B2B embedded finance platform, Fioneer Embedded Finance-as-a-Service (EFaaS).
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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.
Image Works Direct
MARCH 22, 2023
Location-based targeting has become increasingly popular with marketers in the last few years. Whether you’re finding people while they’re online or sending them information offline, services like GeoFraming™ let you completely rethink your marketing strategy. With Venue Replay, you can go a step further, finding regular visitors to locations and connecting them with your brand.
The Paypers
MARCH 22, 2023
Trading platform eToro has secured a USD 250 million in funding at a USD 3.5 billion valuation. The company had previously called off its plans to go public at a USD 10.4 billion valuation.
The Banker
MARCH 22, 2023
While the collapse of SVB might have been predictable, what was surprising was the US regulators’ response and the precedent it sets, write Itay Goldstein and Yao Zeng.
The Paypers
MARCH 22, 2023
US-based fund PSG Equity , which specialises in technological software and was spun off from private equity investment firm Providence Equity Partners, has announced expanding its position in Spain by acquiring fintech Unnax for close to EUR 40 million.
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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 Banker
MARCH 22, 2023
The sale of Credit Suisse to UBS may have preserved market stability for now, but economists warn we are not out of the woods yet, writes Anita Hawser.
The Paypers
MARCH 22, 2023
Payments solution provider Checkout.com has launched a card issuing service, enabling businesses to issue physical and virtual cards and provide financial services products.
The Paypers
MARCH 22, 2023
Credit card processor Zeta has partnered with fraud prevention company Featurespace to deliver a credit card processing and fraud detection solution for US-based issuers.
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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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