Fri.Feb 03, 2023

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Explained: Income Tax Rule Changes in Budget ‘23

BankBazaar

Confused about the changes in income tax rules announced in the latest budget introduced in Parliament on 1 st February, 2023? We’re breaking it down for you. If you’re still a little at sea about the changes in income tax rules announced by the Finance Minister recently, here’s everything you need to know at a glance. The six income tax rule changes announced by FM Sitharaman in Budget 2023 are summarised as follows: Increase in tax rebate limit to ₹7 lakh from ₹5 lakh This means that individua

Taxes 78
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Merchants frustrated with fees, tech issues

Payments Dive

Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed.

Survey 259
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Does the bonus cap work?

BankUnderground

Qun Harris, Ieva Sakalauskaite and Misa Tanaka After the 2007–08 Global Financial Crisis (GFC), several jurisdictions introduced remuneration regulations for banks with the aim of discouraging excessive risk-taking and short-termism. One such regulation is the bonus cap rule which was first introduced in the European Union (EU) and the United Kingdom (UK) in 2014.

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Payments firms make C-suite changes

Payments Dive

In addition to new CEO appointments at Visa and Marqeta, payments companies Paysend, AvidXchange, TreviPay and LeafLink recently installed new executives.

Payments 221
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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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ECB publishes financed climate-related indicators and emissions

The Paypers

The European Central Bank has announced the publishment of a new series of statistical indicators that aim to help analyse and manage climate risks in finance.

More Trending

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EBRD, EU, and GCF provide USD 175,5 million in Egypt for the green economy

The Paypers

EBRD , EU , and GCF have announced their partnership to support the green economy in Egypt by offering an additional USD 175,5 million under the GEFF.

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Deutsche Bank’s fintech lab unveils first RPA product

BankInovation

Deutsche Bank's Blue Water Fintech Lab has unveiled its first commercial product, a robotic process automation platform for corporate treasury clients that focuses on multi-bank data processing and reconciliation.

Fintech 52
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Hard Money New Construction Loans Is Crucial To Your Business. Learn Why!

Commercial Lending USA

Hard money new construction loans is usually a short-term loan that is backed by the property that is being built.

Lending 52
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Apple cloud, payments revenue doubles in Q1

BankInovation

Apple reported revenue records for cloud and payment services as the tech giant prioritized privacy and security through enhanced product offerings for sensitive data protection within iMessage, Apple ID and iCloud.

Apple 52
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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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Apple to launch BNPL feature

The Paypers

Apple has announced that its Buy Now, Pay Later (BNPL) solution is in beta testing among Apple employees and is set to be soon available to the public in the US.

Apple 45
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Amazon posts 14% growth in AWS revenue

BankInovation

Commerce giant Amazon posted lower-than-expected income in the fourth quarter but saw solid year-over-year growth within its cloud platform, Amazon Web Services. WHY IT MATTERS: The company missed earnings estimates due to both a $2.

Company 52
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Cloud Signature Consortium warns on eIDAS 2 risks

The Paypers

The Cloud Signature Consortium (CSC) has issued an open letter to warn on the risks for consumers and the trust services sectors of the proposed amendments in the eIDAS 2 regulation.

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Why the most essential element of digital banking is human

BankInovation

Although it may seem counterintuitive, as financial institutions push further into the digital realm, the human element of banking is all the more important.

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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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Alternative Airlines partners Atome for flexible payments in Asia

The Paypers

Global flight search and booking website, Alternative Airlines , has announced a new strategic partnership with A tome , a BNPL provider, to offer flexible payment options to travellers in Asia.

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These payment companies are rushing to serve small businesses

American Banker

Company 74
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Clickatell launches Chat 2 Pay on Whatsapp for customers of FlySafair

The Paypers

US-based chat commerce company Clickatell has rolled out Chat 2 Pay, enabling airline FlySafair ’s customers to pay for luggage on the latter’s Whatsapp channel.

US 36
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Acquisitive banks sour on dealmaking in 2023

American Banker

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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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NatWest trials card recycling machines

The Paypers

UK-based NatWest has launched a trial of ‘reverse vending machines’ designed to collect unused plastic cards in a secure manner so that they can be recycled.

Cards 36
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Sallie Mae overhauls its credit analytics after charge-offs jump

American Banker

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Fintiv enables cross-border digital remittance in Asia with Geoswift

The Paypers

US-based mobile commerce platform Fintiv has partnered with paytech Geoswift to enable digital remittance payments into Asia through the former’s mobile wallets.

Mobile 36
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Bipartisan bill on credit union governance clears first hurdle

American Banker

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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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Euronet partners with SOLFIN

The Paypers

Financial technology solutions and payments provider Euronet has announced its partnership with SOLFIN to enhance prepaid card issuing services to their clients.

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PNC scores a win in battle with USAA over mobile check deposit patents

American Banker

Mobile 69
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Xolvis integrates Volt's Open Banking method into online payment solution

The Paypers

Germany-based software developer Xolvis has announced integrating UK-based payment network Volt’s payment method into its online payment gateway.

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Banks decry CFPB $8 late fee, say small-business review needed

American Banker

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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.