Wed.Aug 17, 2022

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Marqeta executive exodus follows IPO

Payments Dive

Of 10 top executives leading the company last year, only three remain, including CEO Jason Gardner, who last week said he plans to exit that role and become executive chairman.

Company 418
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Drive for sustainability ushers in new role for banks

Accenture

The drive for sustainability will force banks to radically change their relationships with many of their key corporate customers. They’ll need to gain a deeper understanding of their customers’ businesses and develop greater insight into the workings of their supply chains. Furthermore, they’ll have to shift from being mainly sources of finance to instead becoming….

Maine 221
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Restaurant gift card sales dip

Payments Dive

Restaurant gift card sales for the first half of this year were down about 2% over the period last year, according to foodservice industry software provider Paytronix.

Cards 221
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Global Inflation Worries have Treasuries under Pressure

South State Correspondent

Global Inflation Worries have Treasuries under Pressure. While a China-led global slowdown led to higher Treasury prices on Monday, today it’s higher UK inflation that has Treasury yields heading higher. In a reminder that inflation is not only a domestic story but a global one, UK inflation accelerated to the highest level in 40 years with their CPI increasing 10.1% YoY in July.

Atlanta 195
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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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Remitly to buy Rewire for $80M

Payments Dive

Cross-border payments company Remitly said it would buy the Israeli financial services company using a mix of cash and stock.

Company 221

More Trending

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AFSA and Several Other Trade Associations Urge Second Circuit to Reject CFPB’s Expanded Interpretation of FCRA Reasonable Procedures for Maximum Accuracy Requirement

CFPB Monitor

Earlier this year, the CFPB and the FTC filed an amicus brief in an appeal to the Second Circuit, arguing that the Court should reject the District Court’s “unduly narrow” interpretation of the FCRA requirement that consumer reporting agencies (CRAs) follow reasonable procedures to assure accuracy of information included in consumer reports. The CFPB and FTC argue that the FCRA does not distinguish between “legal” and “factual” inaccuracies, and thus CRAs may be held liable for failing to mainta

America 146
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Self-Service Card Dispensing: Applications and Benefits

ATM Marketplace

Nearly any industry one can imagine offers opportunities to incorporate cards that can be swiped or otherwise read. The process of incorporating card-based applications can be made even more convenient with an on-demand card dispenser.

Cards 112
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Banks weigh ‘buy vs. build’ for automation technologies

BankInovation

FIs weighing the automation of any processes must decide whether to create the new technology in-house or acquire it. But a mix of the two options may be the best course of action, Vince Bezemer, senior vice president of strategic business development at engagement banking platform Backbase, told Bank Automation News. “To really be in […].

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UK cashless society a step closer as more than 23m people abandon coins

TheGuardian

Report predicts cash will account for jut 6% of payments within decade, prompting fears millions will be left behind More than 23 million people in the UK used virtually no cash last year, while notes and coins will account for just 6% of payments within a decade, a report predicts. The findings, from the banking body UK Finance, are likely to prompt concern that millions of people could be left behind as the shift to a cashless society accelerates.

Report 87
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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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Sumsub announces KYC guide for the gaming industry

The Paypers

Regtech company that helps businesses comply with regulation and fight digital fraud, Sumsub , has launched its first KYC guide for the gaming industry in Europe.

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Bank-owned fintech automates verification with help from Amazon

BankInovation

Fintech Pike Street Labs (PSL), a wholly-owned subsidiary of WaFd Bank, has launched an automated voice authentication feature for the bank in collaboration with Amazon Web Services’ Lex conversational artificial intelligence (AI) software and Talkdesk, a cloud contact center. PSL creates technology solely for $21 billion WaFd Bank, formerly known as Washington Federal, Dustin Hubbard, […].

Fintech 52
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Acuant integrates DaVinci from Ping Identity for customisable KYC

The Paypers

US-based trusted identity platform Acuant has leveraged PingOne DaVincy from Ping Identity to enable customisation of its KYC and identity proofing.

US 41
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Transactions: Del-One FCU selects Alkami for digital banking

BankInovation

The $680 million Del-One Federal Credit Union, located in Dover, Del., was one of three credit unions that selected Alkami’s ORB digital banking platform in July, according to an FI Navigator report provided to Bank Automation News. The other credit unions include: $584 million Maine State Credit Union, based in Augusta, Maine; and $48 million […].

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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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Employee Spotlight: Christian Memmo

Image Works Direct

Meet Christian Memmo, one of our Project Managers and our Marketing Automation Lead here at image.works! Originally from Syracuse, NY, Christian found himself in Madison, WI to attend UW-Madison. When Christian is out of the office, he enjoys playing instruments, skiing and writing.

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FinScore partners Provenir for smarter credit decision solution

The Paypers

Philippines-based FinScore has announced a continuation of its partnership with Provenir , a global player in AI-powered risk decisioning software, to help fintechs take smarter credit decisions.

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Emails uncovered in Trident redlining probe show troubling proof of intent 

American Banker

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Signifyd and VTEX partner to enforce ecommerce fraud protection in LATAM

The Paypers

US-based ecommerce fraud protection enables Signifyd and digital commerce platform VTEX have teamed to promote, strengthen, and protect retailers and online businesses in Latin America.

Fraud 36
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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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Community banks find right fit with smaller core providers

American Banker

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US' Fed announces guidelines on payment services access

The Paypers

US’ Federal Reserve Board has announced its final guidelines that establish a consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services.

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Fed bans former CEO of Eagle in Maryland from banking

American Banker

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CellPoint Digital taps subscription market with Rebar Technology

The Paypers

UK-based payment orchestration company CellPoint Digital has partnered with software company Rebar Technology to augment its recurring payment functionality.

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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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Can faster payments ease the pain of flight delays?

American Banker

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Wizz Air teams with Trustly to augment airline payments

The Paypers

Hungary-based Wizz Air has partnered with Sweden-based fintech Trustly to allow customers to pay for flights directly from their bank account.

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South Dakota credit union promotes lender to CEO

American Banker

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Future FinTech Labs, Currencycloud to launch US remittance app

The Paypers

Payments enabler Currencycloud has teamed up with Future FinTech Labs (FTFT Labs) to launch the remittance app Tempo aimed for US immigrants.

US 36
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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.