Mon.Jun 06, 2022

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Lawsuits over Zelle pile up

Payments Dive

Bank of America and Wells Fargo have both been sued recently by consumers who allege they were defrauded by scam artists using Zelle payments.

America 418
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How microservices could be your fast path to growth

Accenture

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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Circle K owner rolls out computer-vision checkout units

Payments Dive

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.

America 243
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Investors Brace for More Treasury Supply and CPI

South State Correspondent

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.

Meeting 195
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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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Repay uses raises, retention packages to win workers

Payments Dive

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.

Marketing 243

More Trending

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Why the creator economy is a smart partnership

Payments Dive

The creator economy has become a global phenomenon overnight, and companies are paying close attention.

Company 221
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5 Tips for Boosting Employee Retention at Your Financial Institution

SWBC's LenderHub

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.

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Citigroup plans to hire 4,000 tech staff to tap into ‘digital explosion’

BankInovation

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. […].

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Divided Eleventh Circuit panel rules TILA-required monthly mortgage statements can constitute debt collection communications subject to FDCPA and Florida law

CFPB Monitor

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).

Florida 78
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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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Lessons learned from migrating data to the cloud with AWS

BankInovation

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 […].

Data 97
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City donations worth £15m raise concerns over influence on UK politics

TheGuardian

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,

Groups 76
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ERI AWARDED BEST “CORE BANKING SOFTWARE (PAN-ASIA)”

Bobsguide

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.

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Analyzing PayPal’s growth strategy: How the payments giant is expanding beyond checkout

CB Insights

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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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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Fintech app Acorns valuation climbs to nearly $2 billion following a $300 million funding round

Bank Activities

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.

Fintech 62
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JPMorgan backs TradeSun with intelligent trade finance data

BankInovation

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 […].

Data 52
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Square integrates Apple's Tap to Pay on iPhone for its merchants

The Paypers

US-based payments platform Square has enabled its merchants to accept payments on its app through Tap to pay on an iPhone.

Apple 56
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Plaid’s new offering supports development of FDX APIs

BankInovation

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 […].

Meeting 52
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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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Cashfree Payments, EasyTransfer simplify fee payments for Indian students

The Paypers

Cashfree Payments has partnered with EasyTransfer to offer a platform for Indian students to make fee payments to educational institutions abroad.

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CFPB tees up AI-based underwriting and adverse action notices

BankInovation

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 […].

Retail 52
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How to apply for Most Influential Women in Payments: Next

American Banker

How To 93
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Trust Payments extends Fiserv partnership

The Paypers

UK-based acquirer Trust Payments has expanded its relationship with Fiserv to support the company’s growth and expansion plans.

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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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State of Digital Lending Q1’22 Report

CB Insights

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.

Lending 36
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OpenPayd, Yapily to offer a simplified payments experience

The Paypers

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.

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The dry spell is over: Arizona to get second new bank in 2022

American Banker

Arizona 85
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ShipBlu to integrate what3words for increased addressing accuracy

The Paypers

Egypt-based logistics company ShipBlu has partnered with location technology company what3words for augmented address identification.

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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.