Tue.Jan 17, 2023

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Bank card spending volume slows

Payments Dive

The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.

Cards 243
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5 Big reasons to go digital with SMB & commercial lending

Abrigo

Automating SMB and commercial lending elevates your customer's experience From making it easier to apply to speeding up loan closings, automation can helps make business lending customers and staff happier. You might also like this on-demand webinar, "Strategies to grow your commercial loan portfolio." WATCH . Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure porta

Lending 195
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How Parkland USA is bringing self checkout to its stores

Payments Dive

The fuel and convenience store company is considering expanding payment offerings through the self-checkout kiosks, including mobile and ACH options.

Mobile 195
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HUD Issues Draft Reconsideration of Value Guidance with FHA Loans

CFPB Monitor

The U.S. Department of Housing and Urban Development (HUD) recently issued a draft Mortgagee Letter on reconsideration of value (ROV) policies in connection with appraisals for FHA insured mortgage loans. The draft Mortgagee Letter follows up on action plan items.

Policies 148
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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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ATM trends to watch

ATM Marketplace

Going into 2023, ATMs are at a crossroads both in terms of overall banking strategy and payments trends.

ATM 142

More Trending

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Airwallex announces partnership with American Express

The Paypers

Australia-based financial technology company Airwallex has announced its partnership with American Express to broaden merchant payments acceptance options.

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Goldman Sachs focuses on tech amid workforce cuts

BankInovation

Goldman Sachs turned its focus to Platform Solutions growth in the fourth quarter of 2022 as the section saw a 171% increase in revenue year over year to $513 million and help with the offset of its shrinking team. WHY IT MATTERS: Goldman reported a “disappointing” and “challenging” Q4 with a 25% year-over-year decline […].

Report 52
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PBOC launches new feature to its digital yuan payment app

The Paypers

The People’s Bank of China (PBOC) has announced the launch of a new function on its digital app, to allow Android NFC users to make offline digital payments.

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Buy-now-pay-later demand climbs among squeezed UK pensioners

BankInovation

Pensioners feeling the pinch are increasingly turning to buy-now, pay-later services, the latest sign of how the cost-of-living crisis is squeezing the UK population. Almost a fifth of over 65-year-olds said they had used the popular short-term credit offered by fintechs, according to a December survey of 2,061 adults commissioned by the Centre for Financial […].

Survey 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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Salt Edge expands its Open Banking solutions to a new market in Jordan

The Paypers

Canadian Open Banking solutions provider Salt Edge has announced its expansion to the Hashemite Kingdom market, to offer banks and financial institutions its services.

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Citizens Financial follows through on cloud migration

BankInovation

Citizens Financial Group will continue to modernize its cloud-based digital platforms and move away from internal applications in 2023 following last year's cloud migration efforts. WHY IT MATTERS: In 2022, the $225 billion Citizens moved its direct-to-consumer digital platform Citizens Access to a cloud-based platform and will continue take to the cloud through its newly […].

Groups 52
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HES FinTech partners with Acquired.com

The Paypers

HES FinTech , a Lithuania-based provider of lending platforms, has partnered with Acquired.com , a UK-based payment initiation service provider.

Fintech 48
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Analyzing Affirm’s growth strategy: How the BNPL company is expanding beyond e-commerce

CB Insights

Affirm is one of the world’s leading buy now, pay later (BNPL) companies. Founded in 2012, the company went public in January 2021 at a $12B valuation. Since then, Affirm’s stock has lost 90% of its value, as rising competition and economic uncertainty put pressure on the company to tamp down losses. As Affirm looks to enhance its core BNPL offering — and drive profitability and new growth — the company has forged hundreds of partnerships, invested in a handful of compani

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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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Binance goes live in Bahrain

The Paypers

Binance has launched binance.bh, a regulated platform where users can access its portfolio of crypto products and services, including top ups and withdrawals in local currencies.

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A relatively upbeat economic forecast buoys Citizens' 2023 outlook

American Banker

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DORA has entered into force

The Paypers

The Digital Operational Resilience Act (DORA), published in the Official Journal of the European Union , has come into force on 16 January 2023 and it applies starting with the 17th.

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Goldman to exit personal loans as Marcus reshuffle continues

American Banker

Lending 87
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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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Swiss crypto bank Sygnum partners with Portuguese Bison Digital Assets

The Paypers

Portugal-based Bison Digital Assets , Bison Bank’s crypto subsidiary, has partnered with Sygnum Bank to enter the global crypto market with regulated digital asset custody and trading services.

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What to watch in fintechs' Q4 earnings

American Banker

Fintech 85
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German fintech ryd partners with Aral for mobile payments

The Paypers

Germany-based fintech company ryd , the operator of a B2C network for petrol station mobile payment has announced partnering with Aral to enable mobile payments at around 1800 Aral petrol stations.

Mobile 36
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Regulators willing to break up repeat-offender banks, acting comptroller says

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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Aleta Planet integrates payment solutions with DiMuto's AgriFood platform

The Paypers

Global fintech Aleta Planet has launched B2B cross-border payment services for DiMuto ’s AgriFood trade solution that can track the movements of perishable goods through a global supply.

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ACI puts fresh technology behind its cross-border payments

American Banker

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TransUnion launches credit monitoring service packages for consumers

The Paypers

Hong Kong-based global credit reference agency, TransUnion , has recently announced the launching of a new suite of Credit Monitoring Service Packages, aiming to promote financial inclusion across the territory.

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Credit union CEOs pessimistic about 2023

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.