A 'green' digital debit card concedes the need for plastic
American Banker
MARCH 15, 2023
Payments Dive
MARCH 15, 2023
As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.
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ATM Marketplace
MARCH 15, 2023
Automated testing helps to identify and resolve issues faster and more efficiently, leading to improved user experience and increased customer satisfaction.
Payments Dive
MARCH 15, 2023
Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.
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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
Commercial Lending USA
MARCH 15, 2023
fix and flip loans no money down have become popular with investors because they allow you to use someone else's money to fund your project. That's right.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
MARCH 15, 2023
Saudi National Bank says it cannot stump up more cash because of regulatory restrictions Credit Suisse shares have plunged more than 20% to record lows after its largest shareholder, Saudi National Bank (SNB), said it would not be able to stump up more cash for the beleaguered Swiss bank because of regulatory restrictions. SNB’s chair, Ammar al-Khudairy, said he would not be able to spend any more money to support Credit Suisse, since the Middle Eastern lender had already accumulated a 9.9% stak
CFPB Monitor
MARCH 15, 2023
The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) have filed a Statement of Interest regarding the application of the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA) to a lender that allegedly denied a loan to the plaintiffs based on a home appraisal alleged to be discriminatory.
TheGuardian
MARCH 15, 2023
Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise The collapse of Silicon Valley Bank could just be the start of “a “slow rolling crisis” in the US financial system with “more seizures and shutdowns coming”, the chief executive of the world’s largest asset manager has warned. The CEO of BlackRock, Larry Fink, also predicted in a letter to investors and company bosses that inflation would persist and rates continue to rise, t
The Paypers
MARCH 15, 2023
In a bid to support UK small and medium-sized businesses (SMEs) struggling with the cost of living crisis, CRIF and iwoca have joined forces to bring Open Banking-powered instant lending to SMEs in the country.
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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
TheGuardian
MARCH 15, 2023
Plunge in bank’s share price adds to fears over weaknesses in banking sector following collapse of SVB Credit Suisse shares fall to record low as top investor rules out more funding Panic has gripped global banking stocks for the second time in a week: the wave of fear prompted by the collapse of California’s Silicon Valley Bank (SVB) has been followed by fresh jitters over the stability of major European bank Credit Suisse.
The Paypers
MARCH 15, 2023
Payment service provider Clik2Pay has announced its partnership with global small business platform Xero to save a part of Canadian SMEs’ credit card fees.
TheGuardian
MARCH 15, 2023
Demise of Silicon Valley Bank has rattled not just businesses and investors but the ecosystem that grew up around it Startup founders, venture capitalists and aspirational entrepreneurs descended on Austin on Friday for the annual South by Southwest conference as they do every year. But as the day wore on, a sense of fear and confusion began to take hold amid the usual energy and buzz in the Texas capital.
The Paypers
MARCH 15, 2023
National Australia Bank (NAB) has completed its first intra-bank cross-border transaction using its own stablecoin via Ethereum.
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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.
TheGuardian
MARCH 15, 2023
Chancellor pledges cash for businesses and parents, and says UK will avoid recession this year Budget 2023 live: reaction to Jeremy Hunt’s statement Budget 2023: key points at a glance Jeremy Hunt has said he is “proving the doubters wrong” as he used a stronger than expected economic performance to help fund new tax breaks for business investment and a drive to get people back into the workforce.
BankInovation
MARCH 15, 2023
LONDON — The United States and the United Kingdom are trying to sort out the impact of Silicon Valley Bank’s collapse on fintechs. In the U.S., the Federal Deposit Insurance Corporation (FDIC) will guarantee bank deposits up to $250,000, including in insured bank branches in foreign banks that are payable to contract in the U.S.
TheGuardian
MARCH 15, 2023
After largest shareholder was unable to provide backing, Europe’s 17th largest lender says it will use government help to become ‘simpler and more focused’ Credit Suisse has announced that it will take a CHF50bn ($53.7bn) loan from the Swiss central bank, in an action it says will “pre-emptively strengthen its liquidity” as it moves to stem a crisis of confidence a day after its share price plummeted.
BankInovation
MARCH 15, 2023
LONDON – Startup founders at FinovateEurope were initially worried about the deposits they had with tech bank Silicon Valley Bank, until the HSBC rescue emerged earlier this week, Stephan Paxmann, head of digitalization and innovation at nearly $300 billion Germany-based bank LBBW, told Bank Automation News Tuesday at the event in London.
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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.
TheGuardian
MARCH 15, 2023
The Swiss lender is deemed ‘systemically important’ so the jittery markets are studying the bank carefully – very carefully Credit Suisse: what’s happening and should we be worried? Full story: Swiss bank’s shares fall to new record low Credit Suisse’s ability to shoot itself in the foot is legendary but you would have thought its shareholders would have learned not to make matters worse.
BankInovation
MARCH 15, 2023
There are many reasons to modernize your commercial lending technology. Make 2023 a year of transformation for these core reasons: Enabling a digital omnichannel experience One loan system for multiple lines of business Real-time access to data System agility to grow These all support the main priority—improving the customer experience.
TheGuardian
MARCH 15, 2023
The speed at which Silicon Valley Bank collapsed has left experts questioning whether social media has opened up entirely new risks in the world of finance Shares in banks all over the world have plummeted in recent days as fears that the collapse of Silicon Valley Bank (SVB) could precipitate a wider crisis in the sector. The speed at which market jitters have spread across the world have forced bank executives and regulators to move with unprecedented swiftness: US authorities guaranteed all d
The Paypers
MARCH 15, 2023
UK-based fintech company BankiFi has announced its partnership with Financielle to launch a new playbook for SMEs, aimed to improve their business management.
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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.
TheGuardian
MARCH 15, 2023
Chancellor delivers ‘budget for growth’ but UK is battling rising interest rates, rising taxes and a cost of living crisis Budget 2023 live: reaction to Jeremy Hunt’s statement Budget 2023: key points at a glance What the budget means for people on a range of incomes In 2020 it was the global pandemic. In 2022 it was Russia’s invasion of Ukraine. This year’s budget took place amid fears of a fresh global banking meltdown.
BankInovation
MARCH 15, 2023
Credit Suisse shares plummeted more than 20% at market open from the news that Saudi National Bank will not provide more funding to Credit Suisse.
The Paypers
MARCH 15, 2023
Worldline , a global player in payment services, has launched a strategic initiative with Solana , a blockchain platform designed for decentralised application and Web3 use cases.
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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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