Fri.Jan 14, 2022

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Examining future banking trends

ATM Marketplace

Banking is going through a period of evolution right now, as banks have to adjust to new realities both from the pandemic and changing customer expectations. ATM Marketplace spoke with Sue Laws, EVP of operations in the Americas, Temenos, a banking software company, to get her predictions on where banks are headed in 2022.

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Deals and Dollars: French digital business bank raises $554 million

BankInovation

This week saw a funding round of more than $550 million for a commercial digital banking provider, as well as a $120 million round for a Swiss-licensed cryptocurrency assets trade and custody services provider. Meanwhile, Toronto-based small business invoice funding fintech FundThrough announced a strategic acquisition of certain BlueVine business and personnel.

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Acretrader Raises $40M For Its Farmland As An Alternative Investment Platform — Its Competitors Include FarmlandFinder, Fundraise, Farm Together, And FarmFundr

CB Insights

AcreTrader , a farmland investing platform, has raised $40M in a Series B. The round drew participation from Anthemis Group, Narya Capital, Jump Capital, Revel Partners, RZC Investments, and Revolution Rise of the Rest Seed Fund. How’s the company performing? Arkansas-based AcreTrader enables investors to purchase shares of available farmland.

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Listen: Weekly Wrap discusses findings in Microsoft Frontline Worker survey

BankInovation

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team talks findings in Microsoft’s Work Trend Index Frontline Workers survey, which found that more than 40% of the global workforce plans on quitting their job this year. The survey also revealed that two-thirds of banking and financial services employees feel supported […].

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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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KoinWorks gets USD 108 mln in Series C funding

The Paypers

Indonesia-based fintech KoinWorks that offers investment and liabilities products has raised USD 108 million in a Series C round funding led by MDI Ventures.

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Tesla now accepts Dogecoin

The Paypers

Tesla has started accepting Dogecoin payments for company merchandise, although the firm states that it will not issue refunds for purchases made in DOGE.

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Microsoft: FI frontline employees look to tech to reduce workplace stress

BankInovation

Frontline employees and managers are so overwhelmed that they will be among the over 40% of the global workforce planning to quit their jobs this year, but workplace technology is lowering stress levels. Financial services companies have an opportunity to manage what Microsoft calls the “Great Reshuffle” through automation and technology, Bill Borden, corporate vice […].

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Asia’s central banks collaborate on digital payments

The Banker

Central banks across Asia are working together on real-time cross-border payments and central bank digital currency initiatives. Kimberley Long reports on recent developments.

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Mastercard partners with Wakayama Prefecture to ease Japan digital payments

The Paypers

Global payments processor Mastercard has announced its Memorandum of Understanding (MOF) with Japan’s Wakayama Prefecture for a five-year collaboration to improve digital payments.

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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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First Republic in no hurry to find next CEO after key departures

American Banker

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Google Pay and Indifi partner to offer instant MSME credit

The Paypers

Alternative payments solution Google Pay has announced its latest partnership with India-based online lending platform Indifi Technologies to provide loans to MSMEs.

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‘We intend to win’: JPMorgan Chase's Dimon defends spending surge

American Banker

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FMPay to support China's UnionPay cards through new partnership

The Paypers

China-based bankcard scheme finance giant UnionPay has partnered with UK-based payments provider FMPay to accept UnionPay affiliated cards starting Q1 of 2022.

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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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CrossFirst hires longtime Dallas banker to lead growth in Texas

American Banker

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DCT Abu Dhabi signs MoU with PayBy for a cashless entertainment sector

The Paypers

The Abu Dhabi Department of Culture and Tourism (DCT) has signed a MoU with PayBy to achieve a cashless, contactless payment system across the retail, tourism, and hospitality sectors.

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Trade group for state regulators drops suit over Figure’s bank charter

American Banker

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Brazil to analyse crypto regulatory framework

The Paypers

The Brazilian Senate has announced that it will?consider, in February 2022, three bills related to the regulatory framework for cryptocurrencies.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Wells Fargo expects broad loan growth in 2022

American Banker

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Finexio raises USD 10 mln in new funding round

The Paypers

Finexio , an Accounts Payable (AP) Payments-as-a-Service company, has announced the completion of its double over-subscribed USD 10 million funding round.

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Citigroup's retail services chief leaves bank for outside job

American Banker

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Snapdeal and BoB Financial to issue RuPay credit cards

The Paypers

India-based ecommerce platform Snapdeal has partnered with BoB Financial and NPCI to launch co-branded RuPay credit cards for online customers based in smaller cities.

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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.

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JPMorgan Chase's trading revenue, consumer and commercial loans fall

American Banker

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Mirakl survey shows that shoppers migrate towards online marketplaces

The Paypers

France-based SaaS platform Mirakl has published a survey of ecommerce and marketplace preferences, revealing a change in consumer behaviour.

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Wells Fargo's consumer loans fall 10%

American Banker

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KfW and Verdant Capital raise USD 36 mln fund for African SMEs

The Paypers

KfW and Verdant Capital have established a new fund worth USD 36 million to support micro, small and medium-sized enterprises (MSMEs) growth in Africa.

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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.