Fri.Sep 03, 2021

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Doctors stage XR die-in outside JP Morgan offices in London

TheGuardian

Sixty medical professionals including nurses hold protest to highlight fossil fuel investments Sixty doctors, nurses and other health professionals have staged a die-in protest outside JP Morgan’s Canary Wharf headquarters in London to highlight the bank’s investment in fossil fuels. The protest on Friday was organised by one of Extinction Rebellion’s groups, Doctors for Extinction Rebellion.

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When the Truth About Credit Unions Hits Close to Home

ABA Community Banking

The unequal tax treatment of credit unions is driving acquisitions of community banks—making it more attractive in many instances for a bank to choose a credit union as its buyer. The post When the Truth About Credit Unions Hits Close to Home appeared first on ABA Banking Journal.

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Deutsche Bank’s ESG probe triggers review at asset managers

BankInovation

European asset managers are reviewing their ESG labeling and marketing claims following news of probes into the investing arm of Deutsche Bank AG, according to people close to the process. Anxiety around greenwashing — mis-stating how climate friendly assets are — is palpable across the industry as fund managers react to German and U.S. investigations […].

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State Bank of Pakistan grants EMI license to NayaPay

The Paypers

Pakistan-based fintech NayaPay has earned commercial approval to operate as the first Electronic Money Institution in Pakistan, after a year-long pilot and inspection by the State Bank.

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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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Plaid CEO Zachary Perret asks Twitterverse how to support cryptocurrencies

BankInovation

Plaid CEO Zachary Perret wants to know: What should the data integrator build to support cryptocurrencies? Perret sent out the question via tweet today at 1:10 p.m. Within one hour, he had 61 replies, some of which he responded to by seeking more details or promising a response by direct message. Support for know your […].

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Credit union to use alternative credit decisioning in treasury services

BankInovation

Numerica Credit Union will use alternative credit scoring solution Scienaptic AI to automate credit risk assessment for its treasury services. The $3 billion Spokane Valley, Wash.-based credit union offers treasury management services, such as ACH, remote deposit capture, wires, and the anti-fraud cash management service Positive Pay, said Ryan Bernard, vice president of Commercial Credit […].

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First Heritage Fed Credit Union Offers Competitive Rewards Checking

BankDeals

First Heritage Federal Credit Union (NY and PA) offers competitive Kasasa Cash Checking, Kasasa Cash Bank Checking, and Kasasa Saver accounts.

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Credit union to use alternative credit decisioning in treasury services

BankInovation

Numerica Credit Union will use alternative credit scoring solution Scienaptic AI to automate credit risk assessment for its treasury services. The $3 billion Spokane Valley, Wash.-based credit union offers treasury management services, such as ACH, remote deposit capture, wires, and the anti-fraud cash management service Positive Pay, said Ryan Bernard, vice president of Commercial Credit […].

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PhonePe launches Pulse

The Paypers

PhonePe has launched a digital payments market insight platform called Pulse, which will provide researchers, business developers, regulators and journalists access to pin-code-level transaction data across India.

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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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Plaid CEO Zachary Perret asks Twitterverse how to support cryptocurrencies

BankInovation

Plaid CEO Zachary Perret wants to know: What should the data integrator build to support cryptocurrencies? Perret sent out the question via tweet today at 1:10 p.m. Within one hour, he had 61 replies, some of which he responded to by seeking more details or promising a response by direct message. Support for know your […].

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BOC partners with UnionPay International to accept QR code payments in Sri Lanka

The Paypers

Bank of Ceylon (BOC) has partnered with China-based payments group UnionPay International (UPI) to offer UnionPay QR code payment service in Sri Lanka.

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Citi's Mexico unit takes first steps toward open banking

American Banker

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The FCA approves Coinpass as a registered crypto firm

The Paypers

The Financial Conduct Authority (FCA), the UK's financial regulator, has approved the Coinpass crypto exchange as a registered cryptocurrency firm.

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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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Wells Fargo promotes Kyle Hranicky to head of commercial banking

American Banker

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Pollen Street Capital acquires majority stake in Ding

The Paypers

Pollen Street Capital has acquired a majority stake in mobile top-up service provider Ding.

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Credit unions band together on rewards app. Will it click with consumers?

American Banker

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Real-time data and shifting risk models in banking

The Banker

From a customer perspective, banks have had a ‘good’ pandemic. How can banks build on that trust in the sector and its digital take up?

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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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The Best Credit Unions to Work For, under $500 million of assets, 2021

American Banker

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Grocery delivery startup Cajoo raises USD 40 million, backed by Carrefour

The Paypers

France-based startup Cajoo has announced raising USD 40 million led by Carrefour to boost the platform’s grocery delivery service.

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Humanizing the Customer Experience: Why do credit unions and challengers lead the pack?

American Banker

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NewB, OneSpan to protect digital banking channels

The Paypers

Digital banking security and e-signatures company OneSpan has announced that Belgium-based challenger bank NewB has deployed OneSpan Cloud Authentication and Mobile Security Suite.

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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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Consumer spending slide clouds banks' second-half outlook

American Banker

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BAWAG selects SIA as a technology partner

The Paypers

BAWAG , an Austria-based bank, has selected SIA as the technology partner for the management and processing of the credit and prepaid cards portfolio issued by BAWAG, easybank , and PayLife.

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The Best Credit Unions to Work For with assets of more than $1 billion, 2021

American Banker

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Apple to relax payment rules for apps such as Netflix and Spotify

The Paypers

Apple has announced that it would loosen strict payment rules for certain app developers including Netflix and Spotify.

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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.