Lawsuits over Zelle pile up
Payments Dive
JUNE 6, 2022
Bank of America and Wells Fargo have both been sued recently by consumers who allege they were defrauded by scam artists using Zelle payments.
Payments Dive
JUNE 6, 2022
Bank of America and Wells Fargo have both been sued recently by consumers who allege they were defrauded by scam artists using Zelle payments.
Accenture
JUNE 6, 2022
If you’re like me, you’re always looking for the most expedient way to get things done right. However, to my mind, what’s even better is finding a way that may offer a faster result and puts me in a favorable position to adjust as needed in the future. It’s like with home renovations. I ask…. The post How microservices could be your fast path to growth appeared first on Accenture Banking Blog.
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Payments Dive
JUNE 6, 2022
Alimentation Couche-Tard, which operates locations under the Circle K and Couche-Tard banners, plans to deploy Mashgin's technology across North America and Europe over the next three years.
South State Correspondent
JUNE 6, 2022
Investors Brace for More Treasury Supply and May CPI. Two factors will probably drive most of the price action this week and that’s long-end Treasury supply coming to auction and on Friday the May CPI report. Testing the latest trading range will be a trio of Treasury auctions with $32 billion in 3yr notes being sold tomorrow, $21 billion in 10yr notes Wednesday, and $13 billion in 30yr bonds on Thursday.
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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
Payments Dive
JUNE 6, 2022
While some payments players have pared jobs, Repay CFO Timothy Murphy plans to continue hiring and said there's been "no slowdown in growth for our core markets.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JUNE 6, 2022
The creator economy has become a global phenomenon overnight, and companies are paying close attention.
SWBC's LenderHub
JUNE 6, 2022
Chances are, your financial institution is currently looking to fill open positions—but we all know that work doesn’t stop coming in just because you don’t have the employees needed to handle it. As the Great Resignation shows no signs of slowing anytime soon, retaining your current team members is more critical than ever.
BankInovation
JUNE 6, 2022
Citigroup Inc. plans to hire more than 4,000 tech staff to help move its institutional clients online in the wake of the pandemic. More than 1,000 of the recruits will join the markets technology team as part of an aggressive growth strategy, Jonathan Lofthouse, head of markets and enterprise risk technology, said in an interview. […].
CFPB Monitor
JUNE 6, 2022
A divided panel of the U.S. Court of Appeals for the Eleventh Circuit in Daniels v. Select Portfolio Servicing, Inc. held last week that monthly mortgage statements required under the Truth in Lending Act and Regulation Z can constitute communications in connection with the collection of a debt under the Fair Debt Collection Practices Act (FDCPA) and the Florida Consumer Collection Practices Act (FCCPA).
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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
BankInovation
JUNE 6, 2022
Automating data migration is key to supporting a move to the cloud. Scott Carter, chief technology officer at payments firm TSYS, shared lessons the company learned from its migration to Amazon Web Services at the recent Amazon Web Services Symposium in New York. TSYS was acquired for $21.5 billion in 2019 by Fortune 500 payments […].
TheGuardian
JUNE 6, 2022
Total donated to parties by financial firms and individuals tied to the sector over two years, report says Concerns have been raised over the City’s influence on Westminster, after a report found financial firms and individuals tied to the sector donated £15m to political parties and gave £2m to MPs during the pandemic. The campaign group Positive Money tallied the gifts, expenses and donations handed to MPs, peers and their parties, as well as the value of income from politicians’ second jobs,
Bobsguide
JUNE 6, 2022
ERI has been awarded “Best Core Banking Software” at the Tenth Annual WealthBriefing Asia Awards 2022. Showcasing “best of breed” in the Asia region, these awards have been designed to recognise outstanding organisations grouped by specialism and geography which the prestigious panel of independent judges deemed to have “demonstrated innovation and excellence during the last year” WB_ASIA_Awards_2022_EN.
CB Insights
JUNE 6, 2022
Payments giant PayPal has forged hundreds of strategic business partnerships, invested in more than 30 different companies, and even made a handful of acquisitions over the last 2 years. FREE DOWNLOAD: STATE OF FINTECH Q1 2022. q1 2022 brought a -18% decline in quarterly fintech funding. Download the report to learn more. hbspt.forms.create({. onFormReady: function ($form) {. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “f5
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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.
Bank Activities
JUNE 6, 2022
Written by Zoran Temelkov 06 th June 2022. The California-based fintech startup Acorns Grow Inc. managed to raise $300 million on March 9 th , 2022, from investors in a funding round led by the private equity firm TPG. With March 2022 Series F funding round, the company is valued at around $2 billion. The 2022 series funding more than doubled the valuation of the startup founded in 2012 since its last funding round in 2019.
BankInovation
JUNE 6, 2022
Cloud-native trade finance platform TradeSun has big buy-in from JPMorgan Chase. Founded in 2018, TradeSun automates cybersecurity, compliance and document processing for digital trading at banks, and counts the $1.2 trillion Lloyds Bank and technology consultancy IBM among its partners. Central to TradeSun’s growth is a partnership with $4 trillion JPMorgan Chase, which began with […].
The Paypers
JUNE 6, 2022
US-based payments platform Square has enabled its merchants to accept payments on its app through Tap to pay on an iPhone.
BankInovation
JUNE 6, 2022
A new offering by the fintech Plaid is designed to help banks and credit unions create application programmable interfaces (APIs) that meet Financial Data Exchange (FDX) specifications. Called Core Exchange, the API offering incorporates the FDX open banking specification, “but designed to simplify where that specification is a bit opaque and allow for an easy […].
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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
JUNE 6, 2022
Cashfree Payments has partnered with EasyTransfer to offer a platform for Indian students to make fee payments to educational institutions abroad.
BankInovation
JUNE 6, 2022
The Consumer Financial Protection Bureau is putting artificial intelligence-based (AI) underwriting models under the microscope as more lenders and banks rely on complex algorithms in the credit-decisioning process. Specifically, the Bureau wants to ensure that lenders using AI or machine learning (ML) to underwrite loans are able to issue adverse action notices required under the Equal […].
The Paypers
JUNE 6, 2022
UK-based acquirer Trust Payments has expanded its relationship with Fiserv to support the company’s growth and expansion plans.
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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.
CB Insights
JUNE 6, 2022
Global digital lending funding ticked down just 4% quarter-over-quarter — holding strong despite the broader downturn across the venture market. In our State of Digital Lending Q1’22 Report, we dig into global investment trends to spotlight takeaways including: The region that saw record deal activity. A recovery in global M&A exits, up 63% QoQ.
The Paypers
JUNE 6, 2022
Global payments and Banking-as-a-Service (BaaS) platform OpenPayd and Open Banking platform Yapily have partnered to deliver innovative payments solutions for businesses in the UK and across Europe.
The Paypers
JUNE 6, 2022
Egypt-based logistics company ShipBlu has partnered with location technology company what3words for augmented address identification.
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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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