Fiserv stands by profit margin expansion target
Payments Dive
DECEMBER 7, 2022
The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.
Wed.Dec 07, 2022
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In-depth look at the distribution of average U.S. FICO® Scores in 2022
FICO
DECEMBER 7, 2022
Home. Blog. FICO. In-depth look at the distribution of average U.S. FICO® Scores in 2022. The national average FICO Score did not go up for the first time in over a decade, a trend that’s seen at the city and state level across the nation. KristinaRobinson@fico.com. Tue, 08/30/2022 - 13:08. by Tom Quinn. expand_less Back To Top. Wed, 12/07/2022 - 13:00.
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Plaid cuts 260 employees
Payments Dive
DECEMBER 7, 2022
The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.
NBT to Buy Salisbury in $204M Deal
Banking Exchange
DECEMBER 7, 2022
Plus: Middlefield completes Liberty purchase, Farmers National gets green light for Emclaire Financial acquisition Management Feature M&A Lines of Business Feature3.
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
FIS cost-cutting plans may expand
Payments Dive
DECEMBER 7, 2022
Payments technology company FIS aims to cut at least $500 million in costs as its beats back rising employee expense and a difficult economic environment.
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Visa CEO’s pay dipped to $28M this year
Payments Dive
DECEMBER 7, 2022
The value of Al Kelly’s compensation package slipped in his swan song year, ahead of handing off the CEO post next year to Ryan McInerney.
Starling Bank adopts virtual cards and spending insights for money management
The Paypers
DECEMBER 7, 2022
UK-based Starling Bank has launched virtual cards and updated its ‘Spending Insights’ to help people track their spending and provide more visibility on their budgets.
Transactions: US Bank acquires MUFG Union Bank
BankInovation
DECEMBER 7, 2022
U.S. Bank recently announced its acquisition of New York City-based MUFG Union Bank in an $8 billion deal. The deal was originally announced in September 2021, with the $591 billion bank acquiring Union Bank from Mitsubishi UFJ Financial Group, according to a release from U.S. Bank. System integrations and account conversions are expected to […].
OCR Labs Global partners fyio to improve document verification
The Paypers
DECEMBER 7, 2022
UK-based OCR Labs has partnered fyio to improve document verification and ID scanning while minimising risk for both sender and recipient.
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
Earnings roundup: Canadian banks continue tech, talent focus
BankInovation
DECEMBER 7, 2022
Canadian banks upped their technology spend and talent acquisition efforts in the fiscal fourth quarter amid increasing digital adoption. The $1.4 trillion TD Bank increased its tech spend in Q4 10% year over year to $4.8 billion; $1.4 trillion Royal Bank of Canada’s (RBC) tech investment grew 8.5% YoY to $5.3 billion; and $805 billion […].
New condo safety laws: Three things community associations should consider
PopularBank
DECEMBER 7, 2022
Recently, Florida passed SB 4-D, a new safety regulation for condominium and cooperative association buildings. The new condo safety laws center around inspection requirements, mandatory reserves, and more transparency for unit owners and prospective unit owners on information regarding the condition of the buildings. For associations who have been waiving or partially funding their reserves, the new law may result in large budgetary increases and create a financial burden on unit owners.
Arkose Labs launches suite of CAPTCHA challenges
The Paypers
DECEMBER 7, 2022
US-based fraud prevention company Arkose Labs has launched a new suite of CAPTCHA challenges to improve the customer experience while protecting against fraud.
How Much Content Is Too Much? Hint: Less Is More.
Image Works Direct
DECEMBER 7, 2022
Creating content? All the strategizing in the world to reach your target audience will fall flat if recipients can’t follow what you’re saying – or worse yet, if their eyes quickly turn away from the marketing piece you produce.
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.
Tide launches Business Account and app in India
The Paypers
DECEMBER 7, 2022
UK-based business banking platform Tide has expanded in India by launching the Tide app and two business banking solutions: a business account and an expense card.
ECB, European University Institute to train banking supervisors
The Paypers
DECEMBER 7, 2022
ECB has partnered with European University Institute to deliver specialised training for all European banking supervisors, according to an official press release.
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.
Mesh Payments expands QuickBook integration
The Paypers
DECEMBER 7, 2022
US-based finance automation platform Mesh Payments has expanded integration with QuickBooks, an accounting software from Intuit, according to Yahoo Finance.
Thales releases multimodal biometric pod for improved security at borders
The Paypers
DECEMBER 7, 2022
France-based technology company Thales has launched a pod that uses ‘iris & face’ capture and recognition for ID verifications at borders.
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.
Klarna adds granular carbon foot printing to fashion items
The Paypers
DECEMBER 7, 2022
Sweden-based fintech Klarna has partnered with climate tech startup Vaayu to provide granular carbon foot printing for more than 50 million fashion items.
Skyla Credit Union expanding to California, Virginia through merger
American Banker
DECEMBER 7, 2022
Nubank announces USD 330 mln equity capitalisation
The Paypers
DECEMBER 7, 2022
Nubank , a Brazil-based digital bank, has announced a USD 330 million equity capitalisation in Mexico as it pushes to expand its operations there.
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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