BankBazaar

JANUARY 21, 2022

Unveiling BankBazaar’s first co-branded Personal Loan – TurboLoan, powered by Cholamandalam Finance. With a completely digital, paperless process, superfast money is now super easy. Here’s everything you need to know and more! . If you’re looking for a little extra moolah for any reason, a Personal Loan is a good option. And if you’re shopping around for a Personal Loan at competitive rates with a quick and hassle-free process, may we suggest BankBazaar’s first co-branded Personal Loan – Tur

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BankInovation

JANUARY 21, 2022

Fintechs worldwide saw sizeable funding rounds this week, with investment fintech Qraft closing a $146 million series C round and crypto exchange Rain nabbing $110 million in a series B round. Qraft hauls in $146 million Investment management fintech Qraft has closed a $146 million series C funding round led by $402 billion Japanese financial […].

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BankDeals

JANUARY 21, 2022

Bank of the West is currently offering a $250 bonus when opening a new Any Deposit Checking account. Available in 19 Western and Mid-West states now through 4/15/2022.

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BankInovation

JANUARY 21, 2022

KeyBank continues to reap dividends from its 2019 acquisition of online lending business Laurel Road, citing the transaction, along with residential mortgages, as a key driver for its recent growth in consumer loan originations. “As far as consumer loans, that relatively stable outlook for total loans would assume consumer loans in aggregate grow about $2 […].

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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.

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CFPB Monitor

JANUARY 21, 2022

The CFPB has announced that it will begin examining post-secondary schools, such as for-profit colleges, that extend private loans directly to students and/or parents to fund undergraduate, graduate, and other forms of postsecondary education. The announcement was accompanied by the CFPB’s issuance of an update to its Education Loan Examination Procedures manual.

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CFPB Monitor

JANUARY 21, 2022

In a letter to three representatives of consumer advocacy groups, CFPB Acting General Counsel Seth Frotman indicated that due to “repeated reports of confusion” caused by the CFPB’s November 2020 advisory opinion (AO) on earned wage access (EWA) programs, he plans to recommend to Director Chopra “that the CFPB consider how to provide greater clarity on these types of issues.”.

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New Jersey Regulation Groups Analysis 78

ATM Marketplace

JANUARY 21, 2022

COVID-19 has made traveling an even bigger challenge than before. ATMs are helping make travel a bit simpler with currency exchange tools.

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TheGuardian

JANUARY 21, 2022

António Horta-Osório resigned last week after bank looked into alleged repeated breaches of Covid rules Coronavirus – latest updates See all our coronavirus coverage Former Lloyds boss António Horta-Osório watched England’s defeat in the final of football’s European Championship at Wembley on the same day as he allegedly breached quarantine rules to watch the Wimbledon men’s tennis final, according to a person briefed on his movements.

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ATM Marketplace

JANUARY 21, 2022

The banking industry has seen many changes in 2021, both in Europe and around the globe. We witnessed cases of banks modernising their infrastructures, the adoption of ATM pooling initiatives, and a continued focus on access to cash by governments and consumers alike.

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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

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The Paypers

JANUARY 21, 2022

US-based identity, payments, and data protection specialist Entrust has announced the completion of the Common Criteria evaluation of its Remote Qualified Signature Creation Device (QSCD).

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CB Insights

JANUARY 21, 2022

Lummo , an e-commerce enablement and bookkeeping services provider, has raised $80M in a Series C. The round drew participation from Sequoia Capital India, Tiger Global Management, and CapitalG, among others. HOW’S THE COMPANY PERFORMING? Indonesia-based Lummo offers e-commerce enablement solutions and a bookkeeping app for SMEs. Lummo’s annualized bookkeeping transaction volume currently stands at $25.9B, and its gross merchandise value (GMV) grew 11x in 2021.

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Bussman Advisory

JANUARY 21, 2022

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: JPMorgan plots ‘astonishing’ $12B tech spend to beat FinTechs Microsoft to buy Activision in $68.7 billion all-cash deal Facebook and Instagram are reportedly exploring plans to mak

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CB Insights

JANUARY 21, 2022

Lattice , an employee engagement and performance management platform, has raised $175M in a Series F round that drew participation from Thrive Capital, Tiger Global Management, and Dragoneer Investment Group, among others. How’s the company performing? California-based Lattice enables companies to manage objectives and key results (OKRs), performance reviews, employee feedback, and conversations between employees and their managers.

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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

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The Paypers

JANUARY 21, 2022

Truist Bank has reduced its overdraft fees, becoming the latest big bank to announce an overhaul of overdraft policies that often impact the most vulnerable customers.

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Policies 48

CB Insights

JANUARY 21, 2022

Handshake , an early career community and recruitment platform, has raised $200M in a Series F. The round drew participation from Base10 Partners, Coatue Management, and Valiant Capital Partners, among others. HOW’S THE COMPANY PERFORMING? San Francisco-based Handshake connects students and new graduates with employers and higher education institutions.

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The Paypers

JANUARY 21, 2022

US-based co-brand card issuer Chase and Instacart , an online grocery and delivery platform in North America have announced the launch of Instacart’s first credit card, alongside Mastercard.

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Cards America Branding US 45

ABA Community Banking

JANUARY 21, 2022

The Federal Financial Institutions Examination Council issued a statement of principles on examination information requests. The post FFIEC Modernization Project Yields Best-Practice Recommendations appeared first on ABA Banking Journal.

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Community Bank Compliance Community 52

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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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The Paypers

JANUARY 21, 2022

Amazon has announced its first clothing store, called Amazon Style, with the first location situated in the Los Angeles, US.

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American Banker

JANUARY 21, 2022

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Capital Payments Retail 99

The Paypers

JANUARY 21, 2022

Estonia-based identity verification company Veriff has partnered with Starship to provide authentication and re-verification services for the latter’s fleet of autonomous delivery robots in the UK.

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Company 37

American Banker

JANUARY 21, 2022

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Payments 86

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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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The Paypers

JANUARY 21, 2022

US-based identity verification company authID.ai has delivered Verified Platform Version 2.4 with a more streamlined experience, increased speed, and augmented AI.

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American Banker

JANUARY 21, 2022

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Cyber Security Security 73

The Paypers

JANUARY 21, 2022

Mastercard has delivered a new solution, ‘Track Instant Pay’, which uses machine learning to analyse and automatically initiate instant payment for supplier invoices.

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Payments Cards 32

American Banker

JANUARY 21, 2022

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Lending 72

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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.

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