Fri.Apr 23, 2021

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Banking tech market updates: Microsoft and Mastercard in new strategic partnerships

Bobsguide

On April 22, US Fintech Ally announced a partnership with Microsoft to advance quantum computing in the financial services industry. The strategic relationship will leverage the latest research on quantum-inspired algorithms to understand how it can be applied in a broader commercial use. On.

Marketing 135
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Weekly Wrap: How open-banking, RPA and low-code tools are driving automation

BankInovation

Bank Automation News this week looked at the maturation of digitization and automation trends while also exploring how low-code tools might be leveraged by financial institutions going forward. While robotic process automation (RPA) is having a moment in the sun, as seen by RPA vendor UiPath’s debut on public bourses this week, low-code tools and […].

Tools 98
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Professor Thomas Vartanian authors new book on financial panics

CFPB Monitor

A new book authored by Professor Thomas Vartanian, Executive Director & Professor of Law at the Antonin Scalia Law School of George Mason University, will likely be of interest to many of our blog readers. Titled “200 Years of American Financial Panics: Crashes, Recessions, Depressions, And The Technology That Will Change It All,” the book provides a comprehensive historical account of financial panics in America.

America 78
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Google sits ‘side by side’ with regulators

BankInovation

Google sits “side by side” with regulators to identify potential regulatory problems. Derek White, vice president of global financial services at Google Cloud, said the tech giant performs its own audits and explains how Google fits into an organization’s tech environment. “We work very closely with financial institutions, and with regulators sitting side by side […].

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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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Amex sees China as launchpad for global debit growth

Payments Source

Payments 175

More Trending

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India penalizes Amex, Diners for flouting data-storage rules

BankInovation

he Reserve Bank of India restricted American Express Banking Corp. and Diners Club International Ltd. from adding new local customers, citing non-compliance with data-storage rules. The order will take effect May 1 and won’t impact existing customers, the RBI said in a statement Friday. The firms are the first to be penalized under India’s data-storage […].

Data 72
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JP Morgan ‘misjudged’ football fans over European Super League

TheGuardian

US bank’s involvement in ESL funding prompted sustainability downgrade for ethical performance JP Morgan Chase has said it misjudged its decision to bankroll football clubs’ failed attempt to create a breakaway European Super League , after a huge backlash from fans and politicians. The US bank had financed a €3.25bn (£2.8bn) funding package for the plan, which would have seen 15 European teams, including six of the biggest in England, given permanent places in an annual competition.

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India penalizes Amex, Diners for flouting data-storage rules

Payments Source

Data 136
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Life Insurance & Diabetes: How to Shop for the Right Policy

MyBankTracker

Life insurance helps you secure a financial future for your family should you unexpectedly pass away. You pay premiums and, in exchange, your beneficiaries receive a death benefit payment as long as the policy is active when you die. Part of getting life insurance usually requires submitting to a medical exam and disclosing your health history. People with diabetes may be worried life insurance may be unaffordable.

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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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XRP Ledger testing hooks for transaction flow

The Paypers

Netherlands-based information technology company XRPL Labs has announced releasing the Hook-Testnet into the public beta after nine months of development throughout 2020.

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WEOKIE Credit Union (OK) CDs Are Near Rate Leaders

BankDeals

WEOKIE Credit Union (OK) is currently offering competitive rates on its larger deposit ($100k min) Certificates. Also available as IRA Certificates ($100k min).

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ABA’s Nichols Discusses Technology, Community Banking in Podcast

ABA Community Banking

American Bankers Association President and CEO Rob Nichols today said that the rapid convergence of banking and technology is important and benefits consumers, but emphasized that “there should be some degree of levelness as it pertains to supervision and consumer protection,” for new market entrants offering bank-like services. The post ABA’s Nichols Discusses Technology, Community Banking in Podcast appeared first on ABA Banking Journal.

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Gilded launches Mass Pay to enable businesses pay employees in crypto

The Paypers

Gilded , a B2B payments and accounting platform for cryptocurrency, has announced the availability of Mass Pay, a solution that allows businesses to pay up to 500 employees at once in Ethereum-based tokens.

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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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Regions eyes bigger role in financing renewables

American Banker

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Square rolls out new inventory management features for retailers

The Paypers

Square has announced the availability of new inventory management features for Square for Retail sellers, according to the official press release.

Retail 45
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Credit union tax exemption actually benefits taxpayers

American Banker

Taxes 87
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Finnova launches Open Banking as a Service solution

The Paypers

Finnova has launched its Open Banking as a service solution with the implementation of the Swiss NextGen Banking API.

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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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Adherence to Islamic law is this challenger bank's selling point

American Banker

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FinXP implements ComplyRadar for automated transaction monitoring

The Paypers

FinXP , a European payments and banking service provider, has implemented the intelligent compliance technology solution ComplyRadar to automate transaction monitoring and help with case management.

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New law opens Washington credit unions to unlimited public deposits

American Banker

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Ending card outsourcing can boost control for issuers

Payments Source

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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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SUSEP prepares regulations for Open Insurance

The Paypers

The Superintendence of Private Insurance (Susep) has opened a public consultation of Resolution Drafts of the National Insurance Council Private - CNSP and Circular SUSEP that regulate Open Insurance.

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Citi retail units seen fetching $6 billion as sales kick off

American Banker

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Tribal Credit raises USD 34.3 mln to fuel growth

The Paypers

Tribal Credit , a payment fintech for small and medium-sized businesses in emerging markets, has announced closing a combined Series A and debt round of USD 34.3 million.

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Clark County Credit Union joins $1 billion-asset club

American Banker

Nevada 64
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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.