Fri.Sep 17, 2021

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Four steps to scale empathetic banking in moments that matter

Accenture

The COVID-19 pandemic upended people all around the globe, causing many to re-evaluate aspects of their life, including their relationship with banks. During such a difficult period, many customers are asking their banks to show a deeper understanding of their particular financial and emotional situation, which is the core of what we call empathetic banking.

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‘China’s Lehman Brothers moment’: Evergrande crisis rattles economy

TheGuardian

President Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sector The crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Jinping’s effort to reform the debt-ridden behemoths of the Chinese economy. It could also be the most significant test that China’s financial system has faced in many years.

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Hatchet ATM attack reveals importance of security

ATM Marketplace

On Aug. 15, a man in Manhattan simply withdrawing cash was attacked by another man with a hatchet. This event reveals the importance of using innovative security solutions to keep guests safe.

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Astra, Plaid partnership to simplify automation of ACH transfers

BankInovation

ACH automation platform Astra is seeing its customer base grow after launching a partnership with Plaid last month that allows the financial aggregator and integration platform to offer a connection to Astra through its dashboard. The partnership allows Astra to benefit from Plaid’s ecosystem of developers looking for an automation platform to handle ACH transfers. […].

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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.

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Fine-tuning Digital for Relationship Banks

Banking Exchange

The digital engine for a business bank that leads with a personal relationship focus requires a different mindset Technology Financial Trends Feature Feature3 Digital Fintech Customers Commercial.

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JPMorgan Chase to open bank in UK

The Paypers

JPMorgan Chase has announced it will open its first overseas retail bank, with the launch of a digital-only lender that aims to upend the UK banking market.

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Funding Wrap: E-commerce, BNPL firms make gains

BankInovation

Buy now pay later (BNPL) technology is continuing to catch investors' eyes, but e-commerce was also in the spotlight as money poured into a platform designed to help sellers grow their businesses this week. Bank Automation News takes a look at two of the biggest fintech funding stories this week. SellersFunding One of the largest […].

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JPMorgan Chase to open digital-only bank in UK

The Paypers

JPMorgan Chase has announced it will open its first overseas retail bank, with the launch of a digital-only lender that aims to upend the UK banking market.

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5 fintech startups that made a splash at FinovateFall

BankInovation

Fintech startups are increasingly leaning on automation and artificial intelligence (AI) to develop new technologies for financial services institutions as lenders look to increase efficiencies across their organizations. Thirty-five fintech startups demonstrated their budding technology at FinovateFall on Tuesday in New York. The Auto Finance News editorial team compiled five that made an impression during […].

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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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FedEx, Salesforce partner on joint ecommerce solutions

The Paypers

US-based delivery company FedEx and cloud-based software company Salesforce have teamed on a multi-year partnership integrating Salesforce Commerce Cloud and its order management system with FedEx.

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JPMorgan to open digital retail bank in U.K. next week

BankInovation

JPMorgan Chase & Co. will launch a digital retail bank in the U.K. next week, the first step in the firm’s plans to expand its consumer business overseas. The operation, called Chase, will start on Tuesday with current accounts, according to a person familiar with the matter. The product offering will broaden over time with […].

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LendingClub Bank Ups High-Yield Savings Rate

BankDeals

LendingClub Bank has raised the rate on its nationally available High-Yield Savings account. Minimum opening is $100, with balances of $2.5k+ earning the stated APY.

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GAIN launches paper pushing for a global lead in digital identity

The Paypers

GAIN (Global Assured Identity Network) has released its first white paper , describing the benefit for a global assured identity network, co-authored by Netherlands-based financial consultancy INNOPAY.

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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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Independent Banker

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Big Tech, Financial Data … and resilience for critical infrastructure

Tomorrow's Transactions

Victoria Saporta, BoE executive director for prudential supervision, has said recently that minimum resilience requirements should be required for the tech giants’ (and others’) hosting services, before they may process and store banking data. We strongly support these comments. We have identified this issue as one of a number of new risks arising from modern… Continue reading Big Tech, Financial Data … and resilience for critical infrastructure.

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PayPal raises fees between UK and Europe

The Paypers

PayPal has announced introducing new fees for payments between businesses in the UK and those in Europe, from November 2021.

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Financial institutions should not be IRS agents

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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DHL eCommerce Solutions set to invest USD 300 mln into its US-based operations

The Paypers

DHL eCommerce Solutions, a subsidiary of global logistics services provider, Deutsche Post DHL Group, has announced it is investing more than USD 300 million into its US-based operations.

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How banks are using tech to help remote, in-office workers collaborate

American Banker

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Profile Software launches upgraded RiskAvert for coverage of EU's CRR2

The Paypers

Profile Software , a UK-based financial solutions provider, has announced the release of upgraded RiskAvert, a flexible risk management platform for advanced regulatory capital calculation.

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Missed payments don't faze new buy now/pay later lenders

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.

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NAB becomes accredited data recipient

The Paypers

National Australian Bank (NAB) has announced that its submission to become an Accredited Data Recipient under the Consumer Data Right has been approved by the ACCC.

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From timber to restaurant guides: JPMorgan Chase's eclectic acquisitions

American Banker

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TradeSquare Connect converts 100 Australian brands into wholesalers

The Paypers

TradeSquare , an Australia-based wholesale retailer has launched a solution that allows businesses that do not otherwise have a wholesale offer to launch one using its platform.

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JPMorgan to open digital retail bank in U.K. next week

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.