Tue.Nov 29, 2022

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Afterpay BNPL transactions climb

Payments Dive

Afterpay transactions more than doubled last week relative to the first week of October, Block reported, as more consumers leaned on buy now-pay later financing.

Report 221
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Securing a Resilient Financial Services Enterprise

Cisco

The functioning of global economies is partially reliant on a secure and protected financial services infrastructure. It is the reason why financial services is one of the most highly regulated and highly fortified industries. Therefore financial institutions require a more resilient operating model, one that has the capability to reduce risk at scale and protect the business amidst unpredictable change.

Security 174
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Visa growth tapers in October, November

Payments Dive

The card network’s payments volume grew in October and November, relative to last year, but at a slower pace than earlier in the year.

Cards 221
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Survey: Small businesses seeking loan opportunities from community banks

ABA Community Banking

More than half of community bankers in a recent survey cited small business loans as a high priority in 2022, with most small business owners saying in the same poll that they plan to borrow an average of $2 million over the next two years. The post Survey: Small businesses seeking loan opportunities from community banks appeared first on ABA Banking Journal.

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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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Bitcoin ATMs hit it big

ATM Marketplace

Despite bitcoin's downturn in value, bitcoin ATMs are still surging forward in both popularity and success.

ATM 115

More Trending

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HSBC quits Canada, selling its business to RBC for £8.4bn

TheGuardian

London-headquartered bank has been struggling to navigate political pressure from both Beijing and the west HSBC has struck a deal to sell its Canadian business to Royal Bank of Canada for £8.4bn as it continues to shrink its global footprint and focus on the Chinese market. HSBC, which once advertised itself as the “world’s international bank”, has been struggling to navigate political pressures from both the west and Beijing following China’s crackdown in Hong Kong.

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Our take on Venturetech 2022, the credit union industry's show focused on innovations and acceleration

William Mills

At the beginning of November, I attended VentureTech22 in Frisco, Texas. The show aims to drive digital transformation and innovation in the credit union industry, giving fintechs a platform to present their technologies to an audience of credit unions, credit union service organizations (CUSOs), credit union leagues and league service corporations, as well as fintech investors.

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MANGOPAY acquires Nethone to offer anti-fraud solutions

The Paypers

Payment solution provider MANGOPAY has announced the acquisition of AI fraud detection and prevention company Nethone to offer marketplaces anti-fraud solutions.

Fraud 69
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KeyBank CIO Dean Kontul joins Bank Automation Summit US 2023

BankInovation

Dean Kontul, executive vice president and chief information officer at KeyBank, will join the panel discussion “Advances in business intelligence for banking” at the Bank Automation Summit U.S. 2023 on Thursday, March 2, at 1:30 p.m. ET. The Summit will take place March 2-3, 2023, at the Westin Charlotte in Charlotte, N.C., and brings together […].

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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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ACI Worldwide, Vendo Services enable crypto payments

The Paypers

US-based real-time payments enabler ACI Worldwide has partnered with payment service provider (PSP) Vendo Services to enable crypto payments for its merchants.

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Scotiabank shrinks tech staff as digital adoption rises

BankInovation

Scotiabank’s ongoing technology modernization has resulted in tech staff reductions in Canada and internationally during its fiscal fourth quarter 2022. The 1.3 trillion bank’s digital strategy was part of its Q4 restructuring charge of $66 million, according to the bank’s Q4 earnings supplement. The restructuring charge fell 29% when compared with the same period in […].

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Klarna launches platform to connect British creators and retailers

The Paypers

Sweden-based fintech Klarna has announced the expansion of its Creator Platform, connecting retailers with influencers to better engage audiences.

Retail 67
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Listen: How banks can use data to optimize client relationships

BankInovation

Banks can onboard and meet the evolving needs of business customers when they integrate and use data analytics to tailor the customer experience. Understanding what the data reveals about clients— and the gaps financial institutions can fill through partnerships or vendors’ digital products — is paramount, Dean Jenkins, vice president of product marketing at e-banking […].

Data 52
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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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Insurance Microservices Provide Needed Agility Today

FICO

Home. Blog. FICO. Insurance Microservices Provide Needed Agility Today. Monolithic architecture hinders the evolution of cloud-hosted platforms — microservices are proving more effective at meeting insurers' demands for agility. FICO Admin. Tue, 07/02/2019 - 02:45. by Darran Simons. expand_less Back To Top. Tue, 11/29/2022 - 10:30. Agility is everything right now for insurers.

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Lean obtains an Open Banking financial licence from the FSRA

The Paypers

Open Banking platform Lean Technologies has received a third-party provider financial license from Abu Dhabi's Financial Services Regulatory Authority.

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UK Cards Data: September Data Shows Rising Consumer Stress

FICO

Home. Blog. FICO. UK Cards Data: September Data Shows Rising Consumer Stress. The FICO Credit Market Report for September shows a drop in spending and includes an increase in missed payments as cost-of-living pressures take hold. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Liz Ruddick. expand_less Back To Top. Tue, 11/29/2022 - 11:05. With the rise in inflation and soaring energy costs in the UK, it’s no surprise that our data on UK card trends for September 2022 offer clear signs of consumer in

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OCR Labs Global joins the Open Identity Exchange

The Paypers

Australia-based digital identity verification technology OCR Labs has joined the Open Identity Exchange to ensure safe and simple access to digital IDs across the globe.

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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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Neobank for Native Americans raises pre-seed funding

American Banker

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Rollee report says gig workers struggle with financial exclusion

The Paypers

Fintech Rollee has launched a report revealing that 76% of UK-based gig workers struggle with approval to access financial products of the likes of loans and mortgages.

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CEO of TopLine Financial Credit Union in Minnesota to retire

American Banker

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ECB president calls for crypto regulation following FTX crash

The Paypers

The president of the European Central Bank has called for the regulation and supervision of the crypto sector in the EU in the wake of FTX’s downfall.

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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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Canadian asset servicer CIBC Mellon names new CEO

American Banker

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Hong Kong Credit Reference Platform launches officially

The Paypers

Following a testing period, the Credit Reference Platform of Hong Kong has launched officially in order to improve the service quality of consumer CRAs.

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Hard-Nosed Innovation Lessons from a Community Bank

The Financial Brand

This article Hard-Nosed Innovation Lessons from a Community Bank appeared first on The Financial Brand. Community financial institutions can't bankroll 'innovation theater.' Here's how one bank tracks trends but only implements viable tech. This article Hard-Nosed Innovation Lessons from a Community Bank appeared first on The Financial Brand.

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BVNK acquires System Pay Services

The Paypers

UK-based crypto payments and banking platform BVNK has acquired UK-licensed EMI System Pay Services to broaden its product offering and expand.

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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.