Tag Heuer accepts crypto as payment
Payments Dive
MAY 24, 2022
CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment.
Tue.May 24, 2022
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JPMorgan Chase allocates nearly half of infrastructure spend to cloud
BankInovation
MAY 24, 2022
Half of JPMorgan Chase’s total infrastructure spend is on the cloud, the bank announced Monday during its 2022 Investor Day. Investors were left scratching their heads in January when the $4 trillion global bank announced it would increase its 2022 tech spend by 20%. During Monday’s 2022 Investor Day, which included a 20-minute technology presentation […].
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Klarna revamps operations, cuts 700 employees
Payments Dive
MAY 24, 2022
Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said.
Open banking: Balancing innovation with security
BankInovation
MAY 24, 2022
After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. The potential of this sector is as large as it is untapped with the sector projected to be worth $43.15 billion by 2026, equivalent to an annual growth rate from 2019 upwards of 24%. Open banking […].
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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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
Billtrust to stay on acquisition streak
Payments Dive
MAY 24, 2022
Billtrust, which focuses on the accounts receivable side of B2B payments, has acquired two European companies in recent months and plans to continue snapping up other firms.
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UK finance ‘faces £340bn in losses’ without action on climate change
TheGuardian
MAY 24, 2022
Warning follows first Bank of England climate stress tests on seven largest lenders UK banks and insurers will end up shouldering nearly £340bn worth of climate-related losses by 2050, unless action is taken to curb rising temperatures and sea levels, the Bank of England has warned. The numbers emerged from the Bank’s first climate stress tests on seven of the UK’s largest lenders.
Environmental Solutions Using Analytics
FICO
MAY 24, 2022
How does environment affect you in your job? You might ask the question; how do environmental issues impact you in your job? You might be in the risk part of the business or collections. Or you might be dealing with customer servicing or digital engagement. So how does this connect with you? In 2022, most companies have some environmental policy around what they're doing and they're sharing this with their shareholders, the stakeholders of their organizations.
Sir Angus Grossart obituary
TheGuardian
MAY 24, 2022
Prominent Scottish merchant banker who was a dedicated promoter of cultural life and the arts in his homeland Sir Angus Grossart, who has died aged 85, was one of the great panjandrums of Scottish public life; a successful and wealthy merchant banker who devoted much effort to promoting the arts and without whose imprimatur no major fundraising cause was seemingly complete.
FDIC: Increase in provision expense drives bank net income down
ABA Community Banking
MAY 24, 2022
FDIC-insured banks and savings associations earned $59.7 billion in the first quarter of 2022, a 22.2% decrease from the year prior, the agency reported yesterday in its Quarterly Banking Profile. The post FDIC: Increase in provision expense drives bank net income down appeared first on ABA Banking Journal.
The State of Automation in Financial Services 2024 Report
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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
Velocity Global, an HR platform for remote teams, raises $400M from Norwest and Eldridge. Velocity Global competitors are Globalization Partners, Multiplier, Omnipresent, Oyster, Panther, Papaya Global, Remote, and Skuad.
CB Insights
MAY 24, 2022
Velocity Global , a workforce management platform, has raised $400M in a Series B. The round drew participation from Eldridge and Norwest Venture Partners. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy ">&
allpay teams with Payzone to augment cash collection offering
The Paypers
MAY 24, 2022
UK-based payments specialist allpay has partnered with Payzone to add an additional 12,500 stores across UK where customers can pay bills using cash.
Mastercard partners with i2c and One Global to boost presence in MENA
The Paypers
MAY 24, 2022
Global payments processor Mastercard has announced a strategic partnership with two fintechs, i2C and One Global , to enhance its presence in the Middle East and North Africa region.
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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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.
Splitit and BlueSnap to simplify Buy Now, Pay Later for merchants
The Paypers
MAY 24, 2022
US-based fintech Splitit has partnered with BlueSnap to augment the Buy Now, Pay Later (BNPL) checkout experience and jointly target key verticals.
EML Open Banking expands into 20 new countries
The Paypers
MAY 24, 2022
Nuapay ( EML Payments Limited 's Open Banking business), has connected to banks in another 20 countries in Europe.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
China's central bank and regulators encourage banks to increase lending
The Paypers
MAY 24, 2022
People's Bank of China and regulators have urged the nation’s lenders to step up support for the real economy and meet credit demand.
Yapily, Two to tackle Europe's EUR 400 bln SME finance gap
The Paypers
MAY 24, 2022
Open Banking platform Yapily has partnered with B2B Buy Now, Pay Later (BNPL) startup Two , enabling merchants to offer BNPL services to their business customers instantly at checkout.
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
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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.
6 out of 10 Germans are already paying with a mobile or contactless card, study shows
The Paypers
MAY 24, 2022
A Postbank digital study has shown that 6 out of 10 Germans are already making contactless payments with their smartphone or card.
Ohio’s lieutenant governor gets paid gig at small bank, raising eyebrows
American Banker
MAY 24, 2022
aifinyo and Billomat complete merger to offer smart billing solutions
The Paypers
MAY 24, 2022
Germany-based cloud accounting software and invoicing programme provider Billomat and smart billing company aifinyo have announced completing their merger which was announced in March 2022.
2024 Lending Outlook: Innovations and Evolutions in the Financial Sector
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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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