Toast gets growth spurt in restaurant payments
Payments Dive
AUGUST 11, 2022
The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure.
Payments Dive
AUGUST 11, 2022
The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure.
BankInovation
AUGUST 11, 2022
Matt Carbonara, managing director at Citi Ventures, will join the roster of speakers at Bank Automation Summit Fall 2022 to discuss what is next in banking technology. The panel, “RPA & Beyond: Investors on what’s next in banking technology,” will focus on the current state of investments and where they will go in 2023, valuation […].
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Payments Dive
AUGUST 11, 2022
Green Dot disclosed in its recent quarterly report that it’s in a dispute with ride-share company Uber over their agreements. It also noted its failure to renew contracts with several other customers.
BankInovation
AUGUST 11, 2022
TD Bank has integrated NetSuite’s cloud-based enterprise resource planning (ERP) platform in an effort to create a comprehensive digital banking experience for its commercial clients. “Businesses are looking to have a one-stop shop and a lot of the work we’re doing is embedding ERP tools,” Chris Giamo, head of commercial banking at $1.4 trillion TD […].
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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
AUGUST 11, 2022
The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
SWBC's LenderHub
AUGUST 11, 2022
With a recession on the horizon, the landscape for financial institutions will become more difficult for the rest of 2022 and into 2023. Rising delinquencies, tighter margins driven by an inverted yield curve, and softening loan demand due to higher rates will pose a series of challenges.
CFPB Monitor
AUGUST 11, 2022
The CFPB announced that it has entered into a consent order with Hello Digit, LLC (“Digit”) to settle the CFPB’s claims that Digit engaged in deceptive acts and practices in connection with an automated savings tool it offered to consumers. The settlement requires Digit to pay a $2.7 million civil money penalty and at least $68,145 in consumer redress.
TheGuardian
AUGUST 11, 2022
The Chinese shareholder has accused HSBC executives of exaggerating the downfalls of separating off the Asian business HSBC’s top shareholder, Ping An, has escalated a dispute with the bank, accusing executives of exaggerating the downfalls of splitting off the Asian business, and insisted the move could instead boost the bank’s value by up to $35bn (£28.6bn), according to a source close to the investor.
CFPB Monitor
AUGUST 11, 2022
The FHFA announced that Fannie Mae and Freddie Mac will require mortgage servicers to maintain certain fair lending data elements, including the borrower’s age, race, ethnicity, gender, and preferred language. The fair lending data must be stored in a searchable format, and must transfer with servicing throughout the loan term. On the topic, Freddie Mac issued Bulletin 2022-17 , and Fannie Mae issued Servicing Guide Announcement SVC-2022-06.
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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
TheGuardian
AUGUST 11, 2022
Chancellor denies influencing decision to waive tax bill for Warburg, Germany’s largest private bank, while mayor of Hamburg Olaf Scholz faces fresh scrutiny over allegations that he was responsible for waiving a multimillion-euro tax bill for a private bank involved in a tax fraud scheme, as the German chancellor struggles to shake off links to alleged local government sleaze from his stint as mayor of Hamburg.
CFPB Monitor
AUGUST 11, 2022
The FTC’s proposal would impose a number of new substantive and disclosure requirements on motor vehicle dealers in connection with the car buying or leasing process. The topics we cover include: the FTC’s statutory authority for the proposal and the proposal’s coverage (including buy-here-pay-here dealers); the specific new requirements the proposal would impose; how the proposal interacts with existing federal and state laws; the proposal’s impact on auto finance companies; potential remedies
The Paypers
AUGUST 11, 2022
UK-based cross-border payments platform Currencycloud has teamed with regtech Clausematch to implement its policy management solution.
CFPB Monitor
AUGUST 11, 2022
The CFPB has issued an interpretive rule that addresses when digital marketing providers are “service providers” subject to the Consumer Financial Protection Act, including the CFPA’s prohibition on unfair, deceptive, or abusive acts or practices. . The CFPB describes digital marketing providers as businesses that use data obtained from an array of sources to offer targeted advertising services.
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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
AUGUST 11, 2022
Sweden-based fintech for Open Banking payments, Trustly , has partnered with Conotoxia , a multi-currency company from Poland, to provide users with a fast, secure, and safe way to transfer funds internationally through their bank accounts.
Bussman Advisory
AUGUST 11, 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: The FinTech startups Apple should buy next Asset Managers bet big on crypto despite market rout SoftBank steps up asset sales from sinking portfolio after $50B losses.
The Paypers
AUGUST 11, 2022
Digital wallet DANA has raised USD 250 million from local conglomerate Sinar Mas and Alibaba.com-owned Lazada Group to expand in Indonesia.
BankInovation
AUGUST 11, 2022
Digital banking platform Backbase is now available on the Microsoft Azure Marketplace as part of an expanded partnership with the tech giant. The Amsterdam-based Backbase is a fintech company providing a white-label platform for banks and credit unions that digitizes retail and business banking. The partnership will allow companies to quickly and safely deploy the […].
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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
AUGUST 11, 2022
Thunes , a Singapore-based cross-border payments company, has accelerated the expansion of its services in the Middle East and North Africa (MENA) region.
FICO
AUGUST 11, 2022
Home. Blog. FICO. How Banking CIOs Can Leverage IT Agility to Enable the Business. Instead of supporting a piecemeal set of disconnected enterprise applications, IT can lead the way in advocating for platform-based solutions that will scale across use cases. FICO. Tue, 07/02/2019 - 02:45. by Richard Lagerweij. expand_less Back To Top. Thu, 08/11/2022 - 10:05.
The Paypers
AUGUST 11, 2022
Wise and Plaid , an Open Banking network, have announced an Open Finance agreement to help customers move money across different financial institutions.
American Banker
AUGUST 11, 2022
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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
AUGUST 11, 2022
US-based provider of payment processing solutions Finix has raised USD 30 million in new venture capital, bringing its total known raised to USD 133 million, with new investors taking part to the round.
The Paypers
AUGUST 11, 2022
UK-based fintech platform Pomelo Pay has partnered with Singapore-based cryptocurrency payments services provider TripleA to help companies offer cryptocurrency payments and pay-outs.
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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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