Payments Dive

MAY 27, 2022

Pursuing environmental, social and governance goals offers advantages in forging customer relationships and luring talent amid a tight labor market, a Mastercard executive said.

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Perficient

MAY 27, 2022

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. Our Digital Assets Team has blogged in the past about the regulatory landscape facing cryptocurrency from a banking perspective ( OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities , NY Federal Reserve Evaluates Stablecoin Frameworks , Highlights From Federal Bank Regulators’ Joint Statement on Cryptoc

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cryptocurrency Regulation Management Bitcoin 332

Payments Dive

MAY 27, 2022

Upstart Dutch payments processor Adyen is increasing its competition against FIS, Fiserv and Stripe on their home turf in the U.S.

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America Payments 300

Abrigo

MAY 27, 2022

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. Would you like other articles on loan review in your inbox? Takeaway 1 Be a good negotiator. It is all about the art of the deal. Takeaway 2 Know the rules. It is important to know the laws on all levels. Takeaway 3 Have integrity.

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Management Risk Management Analysis Lending 195

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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

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Payments Dive

MAY 27, 2022

Peggy Mangot joined the bank this month to lead a team responsible for designing and developing fintech partnership strategy at JPMorgan Chase's commercial bank.

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Fintech Strategy 243

Payments Dive

MAY 27, 2022

The test will involve about 200 of the discount retailer's 18,000-plus locations and run throughout 2022, Chief Operating Officer Jeff Owen said Thursday during an earnings call.

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BankInovation

MAY 27, 2022

Scotiabank's Scene+ loyalty rewards program and mobile app added 200,000 new members since January, helping to drive consumer use of the bank's credit and debit cards. Scene+, a broadened flexible loyalty program combining two of the $976 billion Toronto-based bank's existing loyalty programs, was launched in December 2021. Transactions and points redemptions through the program […].

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Payments Dive

MAY 27, 2022

The Federal Reserve vice chair, at a House Financial Services Committee hearing Thursday, also called for stricter regulation in the stablecoin space.

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Regulation 243

BankInovation

MAY 27, 2022

The Royal Bank of Canada saw a 7.9% year-over-year increase in computer rental and maintenance costs, spending $332 million during the second quarter. The $1.5 billion bank is also betting on driving growth in its 14 million client base through “differentiated products and services, including going beyond banking through innovative solutions, including RBC Vantage,” and […].

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Innovation 98

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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

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Jeff For Banks

MAY 27, 2022

Peleliu–an island just six miles long and two miles wide–was held by a garrison of more than 10,000 Japanese troops in 1944. The island’s airfield would allow Japanese planes to threaten any Allied operation in the Philippines, and General Douglas MacArthur pushed for an amphibious attack in order to neutralize this threat. Admiral William Halsey reported that enemy resistance in the region was far less than expected; he recommended that the landings in the Palaus be canceled entirely and MacArt

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United States eBook Massachusetts Company 78

BankInovation

MAY 27, 2022

The $1.4 billion TD Bank is rolling out a new initiative that will modernize its IT infrastructure by shifting more to the cloud. Next Evolution of Work, or “NEW,” is not merely a technology project — the bank is hoping to shift its operating model as well, according to Chief Executive Bharat Masrani, who outlined […].

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Operations Technology Retail 98

The Paypers

MAY 27, 2022

Online payment solutions provider for Central America and the Caribbeans, First Atlantic Commerce , has announced its alliance with Fintech Association of Trinidad & Tobago ( Fintech TT ), a not-for-profit organisation.

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Fintech America Online Payments 71

BankInovation

MAY 27, 2022

NEW YORK CITY — The use of artificial intelligence-based risk modeling is far from foolproof in a recessionary environment. While advancements in machine learning (ML) capabilities and data integrations have dramatically increased the scale and complexity of AI-based risk modeling, the models are only as good as the ways in which they are employed, Pankaj […].

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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.

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Bussman Advisory

MAY 27, 2022

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Klarna to lay off 10% of its workforce as souring economy hits buy now, pay later U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan Andreess

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BankInovation

MAY 27, 2022

Banks have yet to capitalize on cloud technology but agree that automation is the most compelling argument for doing so. The ability to automate processes was voted as the No. 1 benefit for transitioning to the cloud among 44% of 250 global retail and commercial bank executives, according to a recent survey by Publicis Sapient […].

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Analytics Data Survey Capital 97

FICO

MAY 27, 2022

Fraud at the point of application has long been an issue for lenders. Over the years, other sectors that needed personal data to set-up accounts and provide access to services have also fallen in the line of fire of criminals. We have seen insurance, utilities and mobile phone contracts all targeted by application fraud. This trend has grown considerably, as the pandemic forced rapid digital transformations across organizations that were far from ready.

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Fraud Customer Experience Data Examples 52

The Paypers

MAY 27, 2022

Europe-based credit information provider CRIF has partnered with invoice financing provider Penny to enable more UK small businesses to get their invoices paid instantly.

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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.

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CB Insights

MAY 27, 2022

ZenLedger , a provider of crypto tax prep software, has raised $15M in a Series B. The round drew participation from ParaFi Capital, AngelList, King River Capital, and Blizzard Fund, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class

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TheGuardian

MAY 27, 2022

Boss of Starling bank defends its efforts to prevent Covid loan fraud after public attack by Lord Agnew Former Tory minister Theodore Agnew has launched a public attack on Starling Bank, dragging the online lender into the Covid loans scandal by claiming it did not run adequate checks on borrowers before handing out taxpayer-backed loans. During the pandemic, the UK government relied on high street and online banks to hand out £47bn to small businesses under the bounce back loan scheme, which of

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The Paypers

MAY 27, 2022

In recognition of the importance of data connectivity in financial services, the Swiss State Secretariat for International Finance (SIF) and the Monetary Authority of Singapore (MAS) have jointly issued a statement of intent.

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Data 53

American Banker

MAY 27, 2022

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Florida 101

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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.

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The Paypers

MAY 27, 2022

Switzerland-based crypto ETP-issuer 21Shares has announced partnering with UK-based asset management company ByteTree to introduce a gold and Bitcoin hybrid product.

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American Banker

MAY 27, 2022

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Data Payments 97

The Paypers

MAY 27, 2022

Netherlands-based fintech PayU has rolled out Checkout for Bharat, offering payment flow and checkout in major Indian languages.

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Fintech Payments 45

American Banker

MAY 27, 2022

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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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