US leads global commercial card market: report
Payments Dive
MAY 8, 2024
The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.
Wed.May 08, 2024
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Fintechs pitch banks with solutions to help consumers deal with debt
American Banker
MAY 8, 2024
Consumer debt aggregators such as Method, Payitoff, Spinwheel and Tally are partnering with financial institutions to embed solutions that aggregate account information and devise ways to optimize repayment — including with low-interest offers from the bank itself.
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City of London watchdog is making a fair point on ‘naming and shaming’
TheGuardian
MAY 8, 2024
Disclosure of the identities of firms under investigation by FCA could be in the public interest The City’s lobbying battalion in full cry is something to behold. Witness the furious response from the banking and finance industry to a proposal from the Financial Conduct Authority (FCA) to name firms under investigations occasionally – specifically when it thinks the public interest would be served.
Why this fintech isn't rushing retirees out the door
American Banker
MAY 8, 2024
DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.
Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Upstart automates 90% of unsecured loans in Q1
BankInovation
MAY 8, 2024
Online lender Upstart automated 90% of its unsecured loans in the first quarter of 2024 as automation remained at the forefront of efforts to streamline its loan application process. Upstart originated $1.
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Envestnet invests in data, API solutions
BankInovation
MAY 8, 2024
Wealth-tech giant Envestnet is ramping up its investment in data and analytics to increase subscription-based revenue and create new products.
Bankers, investors look past shaky near-term conditions and see growth
American Banker
MAY 8, 2024
Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders' profits could moderate.
Transactions: CommerzBank, Global Payments enter joint venture for payments solutions
BankInovation
MAY 8, 2024
Global Payments has received EU regulatory approval and is launching a joint venture with CommerzBank — Commerz Global Pay — this month.
New York Fed: CDFI loan volume doubled in recent years
ABA Community Banking
MAY 8, 2024
The dollar amount of loans originated by community development financial institutions has more than doubled in recent years, rising from $29 billion in 2018 to $67 billion in 2022, the Federal Reserve Bank of New York said in a new report. The post New York Fed: CDFI loan volume doubled in recent years appeared first on ABA Banking Journal.
New York Lien Law Essentials: 5 Key Facts for Commercial Lenders
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
No, seriously. Your bank really isn't ready to implement AI.
American Banker
MAY 8, 2024
There is fundamental work involved in laying a modern data foundation and adopting a flexible, data-driven, cloud-based IT architecture suitable for AI implementation. Most banks aren't there yet.
Asia Pacific accounts for 52 percent of global paperless transactions
The Paypers
MAY 8, 2024
Euromonitor International has published its findings on Asia Pacific’s 52 percent of global paperless transactions, the highest paperless payment transaction value in 2023.
Two thefts decades apart, and a victim's quest for answers
American Banker
MAY 8, 2024
After a California woman spent more than a decade obtaining reparations for Nazi plundering of her family's belongings, the money disappeared from her bank account. Her saga highlights a gap in fraud cases between what consumers expect from their banks and what those banks are in a position to deliver.
PayNearMe partners with Trustly
The Paypers
MAY 8, 2024
US-based fintech company PayNearMe has announced its partnership with Trustly in order to optimise Open Banking technology and services.
Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Commercial Bridge Loans Explained by Commercial Lending USA
Commercial Lending USA
MAY 8, 2024
Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!
Adyen partners with Cover Genius
The Paypers
MAY 8, 2024
Global financial technology platform Adyen has announced its partnership with Cover Genius in order to optimise payment experiences for end-customers.
Commercial and Residential Investment Loans
Commercial Lending USA
MAY 8, 2024
Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!
IDEX Biometrics partners with South Asian card manufacturer
The Paypers
MAY 8, 2024
IDEX Biometrics and a large smart card manufacturer in South Asia have partnered to deploy smart cards across Asia and globally.
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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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
Commercial Residential Investment Loans
Commercial Lending USA
MAY 8, 2024
Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!
Sift expands the Fraud Industry Benchmarking Resource
The Paypers
MAY 8, 2024
Sift has announced the expansion of the Fraud Industry Benchmarking Resource with the inclusion of account takeover and two-factor authentication trend data.
Alanna McCargo to head San Francisco Home Loan bank
American Banker
MAY 8, 2024
McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
Alipay+ enables QR payments for travellers to Nepal
The Paypers
MAY 8, 2024
Nepal Clearing House (NCHL) and Ant International have signed an memorandum of understanding (MoU) to enable QR payments via Alipay+ for travellers to Nepal.
The State of Automation in Financial Services 2024 Report
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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
Gen Z Credit Card Use is Outpacing Millennials’, Amid Financial Stress and Ballooning Debt
The Financial Brand
MAY 8, 2024
This article Gen Z Credit Card Use is Outpacing Millennials’, Amid Financial Stress and Ballooning Debt appeared first on The Financial Brand. A new study shows Gen Z ramping up spending and debt, even while their understanding of credit is weak. This article Gen Z Credit Card Use is Outpacing Millennials’, Amid Financial Stress and Ballooning Debt appeared first on The Financial Brand.
Crowded taps Visa Direct to enable global payments for nonprofits
The Paypers
MAY 8, 2024
Crowded has enabled international currency transfers for nonprofits through a partnership with Visa and Cross River.
How ‘Social-First’ Brands Drive Revenue, Not Just Awareness
The Financial Brand
MAY 8, 2024
This article How ‘Social-First’ Brands Drive Revenue, Not Just Awareness appeared first on The Financial Brand. To get more bang from their social media buck, banks need to shift from "messaging" to community engagement and collaboration. This article How ‘Social-First’ Brands Drive Revenue, Not Just Awareness appeared first on The Financial Brand.
Wipro collaborates with Microsoft
The Paypers
MAY 8, 2024
Wipro has announced that it is collaborating with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI).
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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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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