Bank card spending volume slows
Payments Dive
JANUARY 17, 2023
The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.
Payments Dive
JANUARY 17, 2023
The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.
Abrigo
JANUARY 17, 2023
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
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Payments Dive
JANUARY 17, 2023
The fuel and convenience store company is considering expanding payment offerings through the self-checkout kiosks, including mobile and ACH options.
CFPB Monitor
JANUARY 17, 2023
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.
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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
ATM Marketplace
JANUARY 17, 2023
Going into 2023, ATMs are at a crossroads both in terms of overall banking strategy and payments trends.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Paypers
JANUARY 17, 2023
Australia-based financial technology company Airwallex has announced its partnership with American Express to broaden merchant payments acceptance options.
BankInovation
JANUARY 17, 2023
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 […].
The Paypers
JANUARY 17, 2023
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.
BankInovation
JANUARY 17, 2023
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 […].
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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
The Paypers
JANUARY 17, 2023
Canadian Open Banking solutions provider Salt Edge has announced its expansion to the Hashemite Kingdom market, to offer banks and financial institutions its services.
BankInovation
JANUARY 17, 2023
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 […].
The Paypers
JANUARY 17, 2023
HES FinTech , a Lithuania-based provider of lending platforms, has partnered with Acquired.com , a UK-based payment initiation service provider.
CB Insights
JANUARY 17, 2023
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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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.
The Paypers
JANUARY 17, 2023
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.
The Paypers
JANUARY 17, 2023
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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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
JANUARY 17, 2023
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.
The Paypers
JANUARY 17, 2023
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.
American Banker
JANUARY 17, 2023
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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.
The Paypers
JANUARY 17, 2023
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.
The Paypers
JANUARY 17, 2023
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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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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