ATM Marketplace
APRIL 9, 2021
Nick Maynard, senior vice president and Charvi Gandotra, senior innovation manager at the nonprofit, Commonwealth, share their thoughts and insights on how the pandemic actually helped increase contactless payments.
BankInovation
APRIL 9, 2021
Fintech platform Upswot has signed a co-sell agreement with tech giant Microsoft that includes support from Microsoft’s sales team as well as a free proof-of-concept of its business finance management platform on Microsoft’s Azure cloud. Upswot CEO and founder Dmitry Norenko announced the deal via a LinkedIn post from his personal account Wednesday.
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MerhantsBanks
APRIL 9, 2021
WINONA, Minn. – During its annual shareholder meeting, which was held virtually on Thursday, April 8, Merchants Financial Group, Inc. (MFGI), reported strong 2020 earnings growth and shareholders re-elected three Directors to the MFGI Board. MFGI formally reported net income of $21,511,521 for 2020, an 8.8% increase over 2019 earnings. The year’s results were impacted […].
BankInovation
APRIL 9, 2021
Artificial intelligence is increasingly seeping into our financial lives. While the experiment started with algorithmic decisioning for social media feeds, AI systems now run chatbots, monitor for fraud, sniff out money laundering, and even underwrite loans. While pop culture versions of AI bring up images of sentient systems trying to take over the world, currently […].
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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
CFPB Monitor
APRIL 9, 2021
As previously reported , the CFPB proposed to delay the mandatory compliance date for the new general qualified mortgage (QM) rule that amends the Regulation Z ability to repay/QM rule from July 1, 2021 to October 1, 2022. Comments on the proposal were due by April 5, 2021. Currently, for applications received before July 1, 2021, lenders may originate loans using the original 43% debt-to-income (DTI) ratio QM loan, the new general QM loan based on an APR limit, and the temporary QM loan based o
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
APRIL 9, 2021
Bankelele
APRIL 9, 2021
In May 1923, the East African Standard published a report from a bank AGM. Mr. Robert Williamson, the deputy chairman of the National Bank of India addressing shareholders at the annual meeting yesterday, made a brief reference to the position in East Africa today and in the course of his remarks, suggested considerable improvement in […]. The post KCB 1923 AGM: Optimism amid political disturbances appeared first on Bankelele.
Payments Source
APRIL 9, 2021
BankDeals
APRIL 9, 2021
Day Air Credit Union (Miami Valley, OH) has been offering competitive Kasasa Cash Checking, Kasasa Cash Back, and Kasasa Saver accounts for more than five years.
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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
APRIL 9, 2021
Ramp , which helps businesses track and manage their expenses, has raised a $115M Series B in two tranches. D1 Capital Partners led the first $65M investment while Stripe led the second $50M investment. How’s the company performing? New York-based Ramp is a corporate card provider and helps companies track and manage their expenses through a spend management platform.
The Paypers
APRIL 9, 2021
UK-based Shufti Pro has launched a Near Field Communication product that is able to verify chip-based documents like e-ID cards, e-passports, and e-driving licence.
The Paypers
APRIL 9, 2021
Brazil-based fintech EBANX has partnered with Chile-based digital bank MACH , according to the official press release.
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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
APRIL 9, 2021
Citigroup has announced cooperating with the Inter-American Development Bank ( IADB ) to carry out a proof of concept for blockchain-based cross-border payments.
American Banker
APRIL 9, 2021
The Paypers
APRIL 9, 2021
The Bank of Russia has presented a new concept for the digital RUB (ruble), a central bank digital currency the regulator has been contemplating since late 2020.
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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
APRIL 9, 2021
Synder , a smart accounting software for SMBs and accountants, has partnered with GoCardless and IntegraPay to facilitate cashless payments via direct debit or credit cards for SMBs.
The Paypers
APRIL 9, 2021
Snapchat has acquired Screenshop, an app that scans your photos to identify your desired style choices, then provides clothing recommendations based on those findings.
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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
APRIL 9, 2021
Canada-based software technology company CannaOne Technologies has announced that it has formally closed the acquisition of a 51% equity interest of Singapore-based PSP Payright.
The Paypers
APRIL 9, 2021
Romania-based blockchain platform Elrond has announced a partnership with the cryptoshopping platform Shopping.io to introduce eGold as a payment option on US ecommerce websites.
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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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