Fri.Jul 09, 2021

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Fintech on Fire: Deals to Watch

Gonzobanker

The fintech market is smokin’ hot right now. But is it headed into a warm, steady burn, or will it end up as a dumpster fire? After a year in lockdown where consumers and investors saw Zoom stock zooming, investors are flush with cash (or stock) at the ready. Whether housing, used cars, or timber, demand is driving activity to record levels. Fintech is no different.

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Bank Customer Experience Summit to offer key insights into banking trends

ATM Marketplace

The Bank Customer Experience Summit will address key trends in the financial industry and how to reach a more demanding customer base.

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Credit Card Review: LangkaBangla Credit Cards

FluentBanking

LangkaBangla is one of the oldest financial institutions in the country that started its journey back in 1997. Presently only a few NBFI is providing credit card services to its customers. As per our view, it is the most successful credit card service provider among the NBFIs. A LankaBangla credit cardholder can avail almost every benefit of a credit card.

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Funding roundup: New Delhi-based Pine Labs nabs a $600 million investment round

BankInovation

This week, some of the more notable funding rounds included sizeable capital raises for a New Delhi fintech and two European companies, indicating investors ever increasing interest in making headway into Asian and EU markets. Here are?the Bank Automation News highlights. Pine Labs New Delhi-based Pine Labs, a cloud-based merchant commerce platform, announced Tuesday a […].

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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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UK mortgage price war hots up with 0.94% fixed-rate deal

TheGuardian

Deals offered by HSBC and TSB are available only to borrowers with hefty deposits UK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up. HSBC and TSB are offering the ultra-low rate, which undercuts the previous best buy of 0.95%, and adds to a rising number of sub-1% deals for borrowers with large deposits.

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CFPB Issues Report Addressing Asian American and Pacific Islanders in the Mortgage Market

CFPB Monitor

The CFPB recently issued a report entitled Data Point: Asian American and Pacific Islanders in the Mortgage Market. The report briefly examines differences among subgroups of Asian American and Pacific Islanders (AAPI) based on the 2020 Home Mortgage Disclosure Act (HMDA) data. In issuing the report the CFPB stated that “[e]xisting studies often portray AAPI borrowers as similar in characteristics to non-Hispanic White borrowers and thus imply that the group fares well.

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The empty office: what we lose when we work from home – podcast

TheGuardian

For decades, anthropologists have been telling us that it’s often the informal, unplanned interactions and rituals that matter most in any work environment. So how much are we missing by giving them up? By Gillian Tett Continue reading.

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This Tiger Global-Backed Company Raised $34M To Bolster Its Financial Fraud Detection Platform

CB Insights

Unit21 , a fraud prevention platform, has raised $34M in Series B. The round drew participation from Tiger Global Management, ICONIQ Capital, Gradient Ventures, A. Capital, and South Park Commons. HOW’S THE COMPANY PERFORMING? California-based Unit21 is a no-code fraud detection software with use cases across transaction monitoring, identity verification, case management, operations management, analytics, and reporting.

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Weekly Wrap: White House executive order points to stepped up regulation on tech, health care 

BankInovation

This week,?the Bank Automation News? team discusses the July 9 announcement from the White House regarding stepped-up regulatory efforts to promote competition and enforce antitrust action primarily in the Big Tech and health care sectors. The executive order also calls?for banks to allow customers to take their own financial transaction data with them to competitor banks. […].

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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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Google plans FinTech move in Japan | Wise direct listing values giant at $11 billion | Revolut in talks with SoftBank for investment at $30B valuation

Bussman Advisory

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: Google plans FinTech move in Japan Wise direct listing values FinTech giant at $11 billion in London Revolut in talks with SoftBank for investment at $30B+ valuation.

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BLOXXON acting as node operator for Polymesh blockchain

The Paypers

The Germany-based digital asset management solutions company BLOXXON has announced it will be active as a node operator on Polymath's Polymesh blockchain.

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ABA Data Bank: Bank On Accounts, Share of New Customers Grow in 2019

ABA Community Banking

View the data here. The post ABA Data Bank: Bank On Accounts, Share of New Customers Grow in 2019 appeared first on ABA Banking Journal.

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Bank of America launches a cryptocurrency research team

The Paypers

Bank of America has announced launching a cryptocurrency research team as institutional interest in the digital asset space continues to rise.

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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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Canada's small businesses pin hopes on real-time payments

American Banker

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Nations Trust Bank, Paycorp International partner to enhance online payment capabilities

The Paypers

Nations Trust Bank has partnered with Paycorp International to launch safer payment capabilities.

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The next step for faster payments: Interoperability

American Banker

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EasyEuro launches digital wallet for EU SMEs

The Paypers

EasyEuro has announced the launch of its digital Wallet, called OuiTrust, aiming to serve European SMEs, traders, and freelancers, making their global trade payments more efficient.

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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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First Citizens names a former U.S. attorney as chief counsel

American Banker

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Spain's Caixabank sells two businesses for EUR 277 mln

The Paypers

Spain-based bank Caixabank has agreed to sell two businesses from its recently acquired rival Bankia to Global Payments (GPN.N) units for a combined amount of EUR 277 million.

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Heritage Commerce agrees to settle DC Solar claims

American Banker

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Postbank Bulgaria launches its ONE mobile wallet in collaboration with Software Group

The Paypers

Postbank Bulgaria has partnered Software Group to develop its mobile wallet, ONE.

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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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Morgan Stanley discloses breach of stock-plan customer data

American Banker

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Cardstream, Swipen bring Google Pay into their ecommerce offering

The Paypers

Cardstream , along with its counterpart, Swipen , a payment solutions specialist, has integrated Google Pay to offer customers a safer and more secure way to pay online.

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Frost Bank offers early pay as old-school lenders ape fintechs

American Banker

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CareTime integrates Stax' payment processing solution

The Paypers

Stax has partnered with CareTime , a software company for the home care industry, to provide an integrated payment processing solution.

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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.