PayPal considers Xoom sale: report
Payments Dive
MAY 17, 2023
The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.
Wed.May 17, 2023
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FICO World 23: Unleashing the Power of FICO Platform
FICO
MAY 17, 2023
Home Blog Feed test FICO World 23: Unleashing the Power of FICO Platform Creating next-generation customer experiences Tue, 05/16/2023 - 17:07 Saxon Shirley by Stephanie Covert EVP, Software expand_less Back to top Wed, 05/17/2023 - 16:25 An Engine for Next-generation Customer Experiences FICO World 2023, is an embodiment of the collective vision and dedication of leaders, change agents, and revolutionaries like our clients, who are shaping the future of customer experiences.
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Global Payments execs hint at B2B acquisition
Payments Dive
MAY 17, 2023
Global Payments isn’t looking for more acquisitions — except in the B2B space, its outgoing CEO said.
NYDFS releases Industry Guidance Letter on Assessment of the Character and Fitness of Directors, Senior Officers, and Managers
CFPB Monitor
MAY 17, 2023
NYDFS recently issued Proposed Guidance “to New York State-regulated banking organizations and regulated non-depository financial institutions to notify them of the Department’s expectation that they update their framework for the review and assessment of the character and fitness of their directors, senior officers, and managers, both upon onboarding and on an ongoing basis.”.
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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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
Square adds franchise platform
Payments Dive
MAY 17, 2023
Block-owned Square said the tool lets restaurant franchisors monitor multiple units on one dashboard.
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Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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91 companies digitizing and accelerating the loan underwriting process
CB Insights
MAY 17, 2023
Loan underwriting is a slow and complex process, due to insufficient data for credit scoring, stringent risk management requirements, and highly manual processes. Fraud is also a concern. For example, 2020’s Paycheck Protection Program (PPP) dealt out upwards of $117B in loans (15% of the total) to businesses that didn’t actually qualify.
Farm Bureau Bank selects nCino for loan originations
BankInovation
MAY 17, 2023
Farm Bureau Bank is implementing tech from cloud-based fintech nCino for commercial and retail loans, treasury management services and deposit accounts to operate across one platform. Farm Bureau Bank signed with nCino on Oct.
The 5 most common scams to watch out for
Qudos Bank
MAY 17, 2023
As the world continues to evolve, bad actors are developing new scams to catch unsuspecting people and take their money. While there are a number of types of scams that are always running, there are also red flags you can keep an eye out for. To give you the information you need to avoid being scammed, we’ve looked at the most common types of scams you might come across, and how you can best protect yourself from these.
Transactions: First Community Bank selects Jack Henry as core provider
BankInovation
MAY 17, 2023
First Community Bank selected Jack Henry as its core provider as the bank continues to grow its client base. The Michigan-based bank expects to grow 10% annually for the next three years, Chief Executive Daniel Clarke said in a release.
The State of Automation in Financial Services 2024 Report
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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
GoCardless partners with Bluefort
The Paypers
MAY 17, 2023
UK-based Open Banking provider GoCardless has partnered with Bluefort to offer companies an improved way to manage their billings and payments within Dynamics 365.
Ready, set, pay: Prepping for FedNow
BankInovation
MAY 17, 2023
The launch of FedNow is finally around the corner and it’s been a long time coming, industry experts told Bank Automation News.
Tazapay partners with Cashfree Payments
The Paypers
MAY 17, 2023
Singapore-based Tazapay has partnered with India-based payments and API banking company Cashfree Payments to enable cross-border payments for Indian exporters.
Employee Spotlight: Alison Herbst
Image Works Direct
MAY 17, 2023
Meet Alison Herbst, one of our Project Managers and Marketing Automation Specialists at image.works! She grew up in Wauwatosa, WI, and attended the University of Wisconsin – La Crosse, earning her degree in marketing with a minor in digital media and design, which she has skillfully applied at image.works.
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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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.
M-KOPA secures USD 250 mln in debt and equity funding
The Paypers
MAY 17, 2023
Kenya-based asset financing platform M-KOPA has received around USD 250 million in new funding to offer underbanked African customers access to assets with digital micropayments.
Standard Chartered partners with Worldpay
The Paypers
MAY 17, 2023
UK-based Standard Chartered has announced its partnership with Worldpay to expand the market coverage of Straight2Bank Pay, the bank’s digital collection gateway.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
Fortis partners with Sage
The Paypers
MAY 17, 2023
US-based payment solutions and commerce enablement company Fortis has partnered with Sage to offer customers an improved ERP experience with integrated payments.
Veriff partners MassPay to improve its identity verification services
The Paypers
MAY 17, 2023
Estonia-based identity verification provider Veriff has partnered with payout technology company MassPay to help it improve its identity verification systems.
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
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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.
Bank of America launches its Breakthrough Lab
The Paypers
MAY 17, 2023
Bank of America has announced the launch of its impact accelerator programme, Breakthrough Lab, for companies and enterprises from underrepresented regions.
MPOWER receives USD 150 mln in funding from Goldman Sachs
The Paypers
MAY 17, 2023
US-based fintech MPOWER has received USD 150 mln in funding from Goldman Sachs and intends to spend it on education loans to international students.
2024 Lending Outlook: Innovations and Evolutions in the Financial Sector
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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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