Payments Dive
APRIL 27, 2022
Extraordinary international events have both buffeted and benefited the card giant's business this year. Visa said a recovery of travel and cross-border transactions boosted its earnings through March, despite a negative impact from shutting down operations in Russia after that country invaded Ukraine.
Accenture
APRIL 27, 2022
In this series of Banking Cloud Altimeter conversations, we’ve discussed the challenges that banks face in their journey to cloud, and the shift in culture that can help them maximize the value they get from their transition. In this post, we’re focusing on core workloads. Core systems are both the engine and the heart of…. The post Smart banks will move their core to cloud now appeared first on Accenture Banking Blog.
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South State Correspondent
APRIL 27, 2022
Banks that focus on the customer experience have come to learn that it is not the forward-facing customer experience that matters, but the “total experience” that now counts. Total experience is the business strategy for creating superior customer AND employee experience. In this article, we walk through why banks should focus on total experience (TX) and give you the ten critical factors that can catapult your bank ahead of almost every bank in the industry.
Payments Dive
APRIL 27, 2022
Checkout startup Bolt Financial is being sued by Authentic Brands Group, which owns the rights to a pack of brands from Forever 21 to Nautica to Spyder. ABG alleges Bolt's software services led to technology failures and lost sales, but Bolt denies the claims.
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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
Bobsguide
APRIL 27, 2022
Italy/Germany, April 2022 – Prometeia and ADWEKO have signed a strategic partnership to enhance the ETL functionalities of ERMAS, the enterprise risk management solution developed by Prometeia, with the ADWEKO FSDP2ERMAS Adapter, a bidirectional interface designed to facilitate data integration between the SAP FSDP (Financial Services Data Platform) and the Prometeia solution.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
APRIL 27, 2022
Atlanta, Ga., April 26, 2022 –ThreatAdvice , a company focused on cybersecurity management solutions for the MSP space, today announced a partnership with IGI CyberLabs to include the company’s Nodeware solution that provides continuous vulnerability scanning—including, internal, external and asset identification—in its comprehensive cybersecurity management solution.
BankInovation
APRIL 27, 2022
SAN DIEGO – Inovatec has revamped its loan management system (LMS) to help lenders automate more of the loan servicing process and improve customer experience, the company announced Tuesday during the Auto Finance Innovation Summit. Inovatec’s new platform, through integrations with third-party solutions, builds on an LMS system the cloud-based software solutions provider launched two […].
Bobsguide
APRIL 27, 2022
Bank will accelerate its cloud strategy with Finastra’s Fusion KTP in the cloud, enabling faster access to innovation and a proactive approach to global treasury management. London, UK – April 27, 2022 – Finastra announced today that Orange Bank in France has selected Finastra’s corporate treasury management solution, Fusion KTP in the cloud. The move will enable the bank to harness a fully integrated treasury management platform and gain faster access to innovation and time to market.
BankInovation
APRIL 27, 2022
Loan origination systems driven by artificial intelligence (AI) are becoming table stakes among U.S. lenders. Ninety percent of lenders plan to increase their during the next five years, according to a survey released last week of 216 U.S. banks, credit unions and financial technology providers conducted this year by Brighterion, a unit of MasterCard, and […].
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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
ABA Community Banking
APRIL 27, 2022
ABA and four other trade groups today urged House and Senate appropriations leaders to continue bipartisan support for the CDFI Fund. The post ABA, trade groups call for increase in CDFI Fund’s FY23 budget appeared first on ABA Banking Journal.
BankInovation
APRIL 27, 2022
New Market Bank announced last week that it will deploy fintech Teslar Software for its lending process automation. The Elko New Market, Minn.-based bank will use Teslar’s portfolio management platform to streamline “visibility” between bank departments by lightening workloads and automating simple tasks without adding personnel or resources. The move will help the $193 million […].
CFPB Monitor
APRIL 27, 2022
On April 19, one day before the release of a highly critical performance audit by the U.S. Government Accountability Office, the Department of Education (ED) announced a series of actions it is taking to “address[] historical failures in the administration of the federal student loan programs.” The actions are directed at income-driven repayment (IDR) plans, which are used by student borrowers on over half of the more than $1 trillion in outstanding federal student Direct Loans.
TheGuardian
APRIL 27, 2022
Outlook for UK economy ‘uncertain’, says banking group as it reports 14% fall in first quarter pre-tax profit Lloyds Banking Group has raised concerns over the “uncertain” outlook for the UK economy amid soaring inflation, warning that the cost of living crisis could result in higher defaults on its loans. It came as the bank reported a 14% drop in first quarter pre-tax profit to £1.6bn from £1.9bn a year earlier, although that was better than the £1.4bn that analysts had expected.
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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.
CB Insights
APRIL 27, 2022
Oyster , an HR software provider, has raised $150M in a Series C. The round drew participation from Georgian Partners, Okta, LinkedIn, Salesforce Ventures, and Slack Fund, among others. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. First name. Last name. Email.
FICO
APRIL 27, 2022
The FICO Credit Market Report for February 2022 shows UK card trends following typical post-seasonal spend and repayment patterns. It’s as yet unclear whether pandemic savings are masking the early impact of the cost of living hike. Highlights . Average card spend climbs by over 5 percent compared to January and nearly 30 percent compared to February 2021.
The Paypers
APRIL 27, 2022
Cloud banking platform Mambu has announced it will extend its partnership with digital bank Nordiska for seven more years to support the institution’s growing financial services offering and expansion plans.
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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
APRIL 27, 2022
MoneyGram has been sued by regulators that said it repeatedly and unfairly violated a federal rule designed to facilitate sending money abroad.
American Banker
APRIL 27, 2022
The Paypers
APRIL 27, 2022
Embedded financial solutions provider Cross River Bank has partenered with behaviour-based fraud and compliance platform for digital wallets and neobanks Sardine , according to IBS Intelligence.
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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
APRIL 27, 2022
Swedish lender SEB has launched a banking-as-a-service platform that allows companies to offer financial services under their own brand without becoming banks themselves.
The Paypers
APRIL 27, 2022
Global provider of regulatory compliance software W2 has partnered with Visa to provide compliance solutions and tools for UK Platinum Infinite business cardholders.
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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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