Abrigo
AUGUST 27, 2021
COVID-19 creates new opportunities for fraudsters Fraudsters have taken advantage of COVID-19-related fraud schemes with the influx of money from government stimulus and vulnerable individuals. Would you like others articles like this in your inbox? Takeaway 1 COVID-19 has sparked new fraud schemes, and cyber-enabled fraud is on pace to reach new highs.
ATM Marketplace
AUGUST 27, 2021
Banks have struggled to keep branches operational during COVID-19. Credit unions in particular, had major issues adjusting since many unions thrive on that in-person, family environment. However, for one credit union, ITMs helped keep that personal touch alive.
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Abrigo
AUGUST 27, 2021
Gain an Edge with Loan Review Function Independent loan review helps financial institutions achieve growth goals and win over competitors, Consultant Ancin Cooley explains in this video. You might also like this webinar: "Create & Maintain a Successful Loan Review Function" WATCH . Takeaway 1 Independent loan review might be seen as an irritation or annoyance, but it is vital for financial institutions' growth.
BankInovation
AUGUST 27, 2021
In this episode of “The Buzz,” Bank Automation News speaks to Alok Prasad, CEO of startup CashRepublic, about using automation and artificial intelligence (AI) to help communities of color take advantage of banking services. CashRepublic serves the unbanked currently with check cashing, wire transfers and other services at two Florida locations. It plans to launch […].
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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
TheGuardian
AUGUST 27, 2021
Activists tour financial institutions to highlight firms they believe to be culpable in climate crisis Extinction Rebellion protesters poured red paint over the entrances of City institutions as they marched through London’s financial district in a protest against the ‘“blood money” on which they say the UK economy is built. In what appeared to be the biggest mobilisation so far this week by the environmental protest group, several thousand demonstrators took a tour of the City, stopping off at
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CB Insights
AUGUST 27, 2021
Khatabook, a fintech company specializing in digital bookkeeping and credit collection, has raised $100M in a Series C. The round drew participation from Tribe Capital, Tencent Holdings, Unilever Ventures, Moore Strategic Ventures, and Sequoia Capital India, among others. HOW’S THE COMPANY PERFORMING? Bangalore-based Khatabook provides digital bookkeeping services, primarily to MSMEs.
FICO
AUGUST 27, 2021
It’s the limbo you don’t want to find yourself as a bank executive- your existing risk models are now out of compliance, yet you don’t have any data on the potential impact of your new predictive models on pricing strategy and overarching business conversions. Digital simulations provide the solution to these types of complex problems. Digital simulations allow you to safely hypothesize and test “what if” scenarios and use the resulting insights to push through pain points in your business and i
CB Insights
AUGUST 27, 2021
Bungalow , a residential real estate platform, has raised $75M in a Series C. This round drew participation from Deer Park Road, Founders Fund, and Khosla Ventures, among others. How’s the company performing? California-based Bungalow provides communal rental options and streamlines rent and utilities payments as well as service requests. There are over 3,000 residents living across Bungalow’s 700 properties.
BankDeals
AUGUST 27, 2021
ACFCU (Texas Panhandle) is currently offering competitive rates on its 6-month Certificate ($2.5k minimum) and 12-month Certificate ($5k minimum).
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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
CB Insights
AUGUST 27, 2021
Cora , a digital lending platform, has raised $116M in a Series B. The round drew participation from Greenoaks Capital Management, Tiger Global Management, and Tencent Holdings. How’s the company performing? Brazil-based Cora develops digital finance tools for small and medium businesses. The company offers digital accounts and payment wallets to roughly 140,000 small and medium enterprises.
The Paypers
AUGUST 27, 2021
Acuant , a global Trusted Identity Platform for fraud prevention and AML compliance, has teamed up with Finaptic , a Canada-based end-to-end, white-label Banking-as-a-Service (BaaS) provider.
The Paypers
AUGUST 27, 2021
UK-based Revolut has plans for a banking licence in Australia and is engaged in talks with the country's regulator to be allowed to take customer deposits, according to Reuters.
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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
AUGUST 27, 2021
UK Finance , the regulatory body representing banks, has announced that shoppers in the UK will be able to spend up to GBP 100 using contactless card payments from 15 October 2021.
The Paypers
AUGUST 27, 2021
Atom Bank has reported an underlying operating loss of GBP 36 million in the year ended March 2021, down from GBP 46 million in the previous year.
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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.
The Paypers
AUGUST 27, 2021
Inonesia-based P2P lending app Ringan has deployed a suite of digital lending solutions built by OneConnect , a technology-as-a-service platform provider.
The Paypers
AUGUST 27, 2021
US-based investment analytics firm Aumni has secured USD 50 million in a Series B investment round led by JP Morgan , according to financemagnates.com.
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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.
American Banker
AUGUST 27, 2021
The Paypers
AUGUST 27, 2021
UK Finance , the regulatory body representing banks, has announced that shoppers in the UK will be able to spend up to GBP 100 using contactless card payments from 15 October 2021.
American Banker
AUGUST 27, 2021
The Paypers
AUGUST 27, 2021
US-based retailer Gap has acquired Drapr , an ecommerce startup and online application based on technology that enables customers to quickly create 3D avatars and virtually try on clothing.
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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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