Fri.Apr 07, 2023

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North American Bancard taps Virtualitics’ AI tech

Payments Dive

The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

Analytics 221
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Building a business case for loan review automation

Abrigo

Making a case for greater efficiency Loan review automation eliminates manual processes, saving time and reducing human error. Here's what to say when presenting a case for software at your institution. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results." DOWNLOAD Takeaway 1 Loan review automation can help reduce or eliminate common efficiency problems that financial institutions face.

Software 195
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Trending Sources

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CFPB releases policy statement defining abusive acts or practices

CFPB Monitor

In the CFPB’s second attempt to define “abusive” acts or practices, the first being guidance rescinded a year after it was given in 2020, the CFPB has issued a new policy statement in which it turns to statutory analysis and past enforcement actions to provide a framework for determining what constitutes abusive conduct. .

Policies 148
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Taking a closer look at video banking

ATM Marketplace

Video banking is a now a multi-billion dollar industry. Where's it headed? ATM Marketplace takes a closer look.

Video 133
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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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Mastercard to continue betting on sustainability

The Paypers

Global card scheme and issuer Mastercard has recently announced it is boosting efforts to remove first-use, PVC plastics from its payment cards by 2028.

Cards 69

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Just 0.53% of investors paid crypto tax in 2022, study finds

The Paypers

A new research report conducted by Sweden-based tech company Divly has found that only 0.53% of investors declared and paid crypto tax in 2022 globally.

Taxes 68
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Analyzing Visa’s growth strategy: How the company is facilitating seamless customer experiences and expanding access to financial products

CB Insights

When it comes to digital financial products and services, customers expect a frictionless experience. To meet this need, leading global payment network Visa has forged hundreds of strategic business partnerships, invested in dozens of companies, and made a few acquisitions over the last 2 years. DOWNLOAD THE STATE OF FINTECH 2022 REPORT Get the latest data on global fintech investment trends, the unicorn club, sectors from banking to payments, and more.

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Key Elements to Ensure the Success of Your Commercial Lending Transformation

BankInovation

Key Elements to Ensure the Success of Your Commercial Lending Transformation We’ve known for a while that commercial lending needs to embrace modernizing their technology and plan for a digital, fully integrated platform to not only succeed, but to have any hope in staying competitive.

Lending 52
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Metro Bank risks shareholder revolt over pay increase for top bosses

TheGuardian

Glass Lewis urges investors to vote against award, saying 20% hike unjustified given average 5% rise for staff Metro Bank is at risk of a shareholder rebellion over executive pay, after an influential investor advisory firm said the high street lender had failed to justify a “significant” 20% salary hike for top bosses. Glass Lewis – which helps shareholders including large pension funds and asset managers decide how to vote at annual general meetings – urged investors to vote against the bank’s

Metro 49
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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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Seattle Bank enhances digital loan offerings for SMBs

BankInovation

Seattle Bank has teamed up with two fintechs to beef up its digital loan offerings within point-of-sale consumer loans and small- to medium-size business loans. The $781 million, Seattle-based bank partnered with software-as-a-service (SaaS) provider Judi.

Seattle 52
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Vechain adds a fee delegation feature to its web wallet

The Paypers

San Marino-based Vechain has added a fee delegation feature to its VeWorld web wallet to remove blockchain transaction fees.

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Top 4 payments trends for 2023

BankInovation

Payments technology and the ability to facilitate real-time payments is top of mind for many financial institutions as the U.S. government’s real-time payments service FedNow is set to launch in July.

Trends 52
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Bybit launches new AI programme to personalise crypto trading

The Paypers

UAE-based Bybit has launched a new AI programme that supports smart trading with personalized product and strategy recommendations.

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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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Ten payment companies putting the point of sale into smartphones

American Banker

Company 78
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Wise Platform and Interactive Brokers to augment investing

The Paypers

Interactive Brokers has integrated with UK-based remittance platform Wise to offer clients an augmented experience when depositing money in their trading accounts.

36
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An alternative to path for soured commercial loans

American Banker

Lending 74
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Moneyhub's APIs now available via AWS marketplace

The Paypers

Moneyhub has announced its APIs are now available through the AWS marketplace, allowing businesses to access, install, and invoice software from trusted vendors.

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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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Deposit Stability Matters More Than Low-Cost Money Now

The Financial Brand

This article Deposit Stability Matters More Than Low-Cost Money Now appeared first on The Financial Brand. Cheap deposits? That would be great — but being able to hold onto deposits takes higher priority now. This article Deposit Stability Matters More Than Low-Cost Money Now appeared first on The Financial Brand.

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Bold Commerce partners PayPal for a new checkout on Adobe Commerce

The Paypers

Canada-based Bold Commerce has partnered with US-based PayPal to launch a headless checkout integration with Magento Open Source and Adobe Commerce.

US 36
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Deposit Stability Matters More Than Low-Cost Money Now

The Financial Brand

This article Deposit Stability Matters More Than Low-Cost Money Now appeared first on The Financial Brand. Cheap deposits? That would be great — but being able to hold onto deposits takes higher priority now. This article Deposit Stability Matters More Than Low-Cost Money Now appeared first on The Financial Brand.

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Experian names AWS as its cloud provider

The Paypers

Experian , an information services company and credit reporting bureau, has named Amazon Web Services (AWS) as its preferred cloud provider.

Report 36
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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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Bank lending slumps by most on record in final weeks of March

American Banker

Lending 36
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Soft Space secures USD 31.5 mln series B1 funding round

The Paypers

Malaysia-based fintech Soft Space has completed its USD 31.5 series B1 funding round to expand global footprint and widen its customer base.

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How will an American firm fare under U.K.-style financial oversight?

American Banker

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JCB, Lanka Pay, and Commercial Bank launch LankaPay-JCB cards

The Paypers

JCB International has partnered with Lanka Pay and Commercial Bank of Ceylon to launch LankaPay-JCB credit cards in Sri Lanka.

Cards 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.