BankInovation
OCTOBER 22, 2021
Umpqua Bank is cultivating its "human-digital" strategy as it approaches a partnership with Tacoma, Wash.-based Columbia Bank that will boost its market share on the West Coast. "Our human-digital initiatives remain critical to our long-term strategy as our customers continue to engage with us through digital channels at an accelerated pace," Cort O'Haver, president and […].
TheGuardian
OCTOBER 22, 2021
Experts say move by Amex from February could encourage other providers to follow suit American Express is to increase the interest rates it charges UK consumers’ credit cards from February. The company said the increase in the rate by 2.3 percentage points – from 22.2% to 24.5% – was because of the rising costs of providing loyalty programmes, rewards and benefits to its customers.
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BankInovation
OCTOBER 22, 2021
European fintechs fared well in funding rounds this week, with neobank N26 nabbing $900 million and banking infrastructure company Euroclear collecting $824.5 million. N26’s series E funding round brought the bank’s valuation to more than $9 billion. Third Point Ventures and Coatue Management led the funding round for the Berlin-based bank, and were joined by […].
TheGuardian
OCTOBER 22, 2021
Supermarket concludes expressions of interest do not offer better value for shareholders than keeping unit Sainsbury’s has called off the potential sale of its banking operation after concluding that talks with suitors had failed to result in an offer that would be good value for shareholders. Britain’s second biggest supermarket chain, which started a potential sale process after receiving expressions of interest last November, said it had formally ended talks with all interested parties.
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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
BankInovation
OCTOBER 22, 2021
Financial services software provider Finastra has tied up with Atlanta-based crypto exchange Bakkt to offer digital asset trading solutions and services to community banks and credit unions. The partnership will let smaller financial institutions enable customer access to a digital asset marketplace and wallet services offered by Bakkt, the two firms announced last week.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
OCTOBER 22, 2021
As the scale of cross-border transactions continues to grow, Mastercard is betting on its recent acquisitions of international payments provider HomeSend and global payments company TransFast to help it gain a lead in the space. The overall value of cross-border payments is expected to jump to $250 trillion in 2027 from $150 trillion in 2017, according to estimates from the […].
BankDeals
OCTOBER 22, 2021
ANECA Federal Credit Union (LA) has added a limited-time 30-month Share Certificate Special with a very competitive APY. Minimum opening deposit is $1k.
BankInovation
OCTOBER 22, 2021
Untangling trillions of dollars worth of loans and other financial contracts from Libor is a complex, expensive and time-consuming job. So, finance giants are turning to artificial intelligence to simplify and speed up a task mandated by regulators — and spare human lawyers some serious drudgery. Morgan Stanley figures it’s saved legal staffers 50,000 hours […].
ABA Community Banking
OCTOBER 22, 2021
In a recent speech, Federal Reserve Gov. Michelle Bowman addresses the lack of new bank formations in the last decade and what can be done to encourage more de novo banks. The post Bowman: Regulatory Framework Must Not Constrain New Bank Formation appeared first on ABA Banking Journal.
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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
BankDeals
OCTOBER 22, 2021
Tensas State Bank's (NE Louisiana) Kasasa Cash Checking/Kasasa Saver combo offers a very competitive rate on a large combined balance.
The Paypers
OCTOBER 22, 2021
iProov and Eurostar have announced that they are trialling contactless travel through face biometrics, with at-home check-in and ID verification.
American Banker
OCTOBER 22, 2021
The Paypers
OCTOBER 22, 2021
Santander -owned Getnet has collaborated with Renfe in the ‘Cronos’ transport system for direct access and payment at turnstiles with a bank card.
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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.
The Paypers
OCTOBER 22, 2021
The BBVA Group has announced the launch of an all-digital retail banking in Italy, with a different value proposition and customer experience.
The Paypers
OCTOBER 22, 2021
US-based retailer Grocery Outlet and grocery delivery platform Instacart have partnered to make formers shopping experience available online.
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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.
American Banker
OCTOBER 22, 2021
The Paypers
OCTOBER 22, 2021
US-based art platform DeviantArt has started a subscription service for artists to offer custom content for their fans, monetising their art directly form the platform.
American Banker
OCTOBER 22, 2021
The Paypers
OCTOBER 22, 2021
Hong-kong-based XanPool , a payment infrastructure provider that facilitates faster crypto and fiat settlements, announced today it has raised a USD 27 million Series A led by Valar Ventures.
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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.
The Paypers
OCTOBER 22, 2021
US-based payment service provider Skrill has launched a product revamp to help gamers wager online with iGaming brands.
The Paypers
OCTOBER 22, 2021
Russia-based VTB has launched an ecosystem of digital products and online services for doing business with foreign partners on a turnkey basis.
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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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