Perficient

APRIL 13, 2022

It’s 2022, and it seems all the rage in media and digital asset news is surrounding non-fungible tokens (NFTs) and the Metaverse. NFTs have been around since at least 2017, when the OG CyberPunks launched. Yet, 2021 was the defining year that changed everything. It was 2021 when digital artist Mike Winkelmann, aka Beeple, sold his NFT, “Everydays: The First 5,000 Days,” for $69 million at Christie’s auction house, and a shocked world took notice.

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Dallas blockchain Bitcoin Community 411

Payments Dive

APRIL 13, 2022

PayPal's CFO John Rainey said he would leave to join the retailer at the end of May. The exit follows a rough end to 2021 for the digital payments pioneer. One analyst said it wasn't a surprise after "a period of overpromising and under-delivering.

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Retail Payments 259

South State Correspondent

APRIL 13, 2022

March PPI Hits All-Time High and Treasuries Rally. March PPI came in hotter than expected with new cycle and all-time highs across many of the metrics and Treasuries rallied as a result. Yes, that’s right Treasuries rallied. While the CPI report from yesterday had a better than expected Core CPI number (thanks to some softening in used car prices), it was generally another sobering report on inflation but Treasuries rallied too.

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Marketing Report 195

Payments Dive

APRIL 13, 2022

Higher spending due to inflation is poised to drive up credit card volumes, according to an S&P Global Market Intelligence report. Card issuers have been eager to see stronger loan growth, but if delinquencies rise, that could be concerning for the industry.

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Cards Industry Marketing Report 221

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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

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Bobsguide

APRIL 13, 2022

Banque Misr in Egypt automates trade finance with Finastra. Banque Misr extends collaboration with Finastra, selecting Fusion Trade Innovation and Fusion Corporate Channels to boost its offering and attract new customers. Dubai, UAE – April 13, 2022 – Finastra today announced that Banque Misr, the second largest national bank in Egypt with international presence, has selected Fusion Trade Innovation and Fusion Corporate Channels to digitalize its trade finance services and provide a premium user

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Bobsguide

APRIL 13, 2022

Finastra collaborates with Microsoft to bring embedded financing options to thousands of businesses with Banking as a Service. Small and medium enterprises will be able to access vital funding options faster, from within Microsoft Dynamics 365. London, UK – April 12, 2022 – Finastra today announced a Banking as a Service (BaaS) collaboration with Microsoft to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to accessing f

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Lending Community Leadership Capital 112

BankInovation

APRIL 13, 2022

Banking giant JPMorgan Chase held its first-quarter earnings call Wednesday, with bank executives outlining plans for continued blockchain and payment investments. The $3.95 trillion bank’s wholesale payments business will continue to invest in blockchain and digital payments that are critical for its growth, Jamie Dimon, chairman and chief executive, said during the call.

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blockchain Payments 98

CFPB Monitor

APRIL 13, 2022

In opposing efforts by federal and state lawmakers to impose rate caps on small-dollar loans, industry representatives have pointed out the harm that a rate cap can create for consumers, particularly those with less than perfect credit, by reducing access to credit. These concerns are often dismissed by consumer advocates with the argument that banks and credit unions will increase their small-dollar lending if other providers leave the market due to interest rate caps.

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Report Lending FDIC Regulation 78

BankInovation

APRIL 13, 2022

The crypto payments startup Circle Internet Financial said it’s closer to submitting an application to operate as a bank in the U.S., pushing forward with a months-old plan even as regulators make it more difficult for crypto companies to secure this kind of license. Circle, the issuer of the second-largest stablecoin, disclosed its intention to […].

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Regulation Security Operations Payments 98

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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

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CFPB Monitor

APRIL 13, 2022

The CFPB has issued its Fall 2021 Semi-Annual Report to Congress covering the period April 1, 2021 through September 30, 2021. Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio. Although the report does not contain any noteworthy information about which we have not previously blogged, the format of the report is noteworthy in that it is different in two important respects from previous se

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Report Leadership Analysis Lending 78

BankBazaar

APRIL 13, 2022

BankBazaar Turns Profitable With New Co-Brand Strategy; Exits FY22 With Rs.156 Cr Annualized Revenue Run Rate. National, April 07, 2022: BankBazaar.com , India’s largest fintech co-branded credit card issuer and online platform for free credit score, reported that it is profitable in March 2022. The company is exiting the year with an annualised revenue run rate of Rs.156 Cr and declared that its revenue is growing at a CAGR of 100% with EBITDA profitability.

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Branding Strategy Cards Fintech 78

CFPB Monitor

APRIL 13, 2022

I want to thank Professor Jeff Sovern, a prominent consumer advocate and my frequent sparring partner, for his recent praise of our podcast. Professor Sovern wrote: Probably my favorite podcast is Ballard Spahr’s Consumer Finance Monitor Podcast. I learn a tremendous amount from it. Yes, it favors the industry view, as it is certainly entitled to do, but many episodes are devoted to interviewing consumer advocates as well.

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Policies National Industry System 78

TheGuardian

APRIL 13, 2022

Dutch bank says sorry for ‘pain and suffering’ caused by past actions and activities of its predecessor firms The Dutch bank ABN Amro has apologised for its predecessors’ role in the slave trade, after it commissioned an investigation into the “untold suffering” it caused. The investigation, by academics at the International Institute of Social History (IISH), an Amsterdam archive, found that two of ABN Amro’s predecessor companies were involved in either financing the operation of slave plantat

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Operations Company 69

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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.

Lending

The Paypers

APRIL 13, 2022

Australia-based banking super app Douugh has partnered with income and payroll connectivity API provider Pinwheel to facilitate automatic direct deposit switching for its US customers.

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US 69

FICO

APRIL 13, 2022

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by the COVID-19 pandemic began in earnest. While the pandemic resulted in economic hardship for many people, it also changed the credit behavior and average credit score of millions of consumers and led to the deployment of payment accommodations offered by lenders to help impacted, creditworthiness customers with

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District of Columbia US Trends United States 52

Tomorrow's Transactions

APRIL 13, 2022

Improving Cardholder Authentication On-card fingerprint readers have been in development for a few years now, with a number of products now in market from vendors such as Fingerprint Cards, Zwipe, Idemia and G+D. On-card fingerprint readers add an inherence authentication factor to payment cards for use in face-to-face retail transactions. Inherence factors rely on checking… Continue reading Biometrics on Cards.

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Cards Retail Marketing Payments 48

Bankelele

APRIL 13, 2022

Historically, golf has been considered to be a costly sport in Kenya with difficulty in accessing equipment kits and membership clubs to play at. But now golf is enjoying increased corporate attention and bank sponsorships in the post-covid period. Some of these initiatives had begun in the period before the shutdowns in 2020, but the […].

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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.

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The Paypers

APRIL 13, 2022

India-based Buy Now, Pay Later service developed by PayU, LazyPay , has expanded its facilities into the quick commerce market, through a partnership with grocery delivery platform Zepto.

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Marketing 45

The Banker

APRIL 13, 2022

Turkey’s banks are coping well with the financial, digital, economic and geopolitical risks confronting them, according to Mehmet Ali Akben, chairman of the country’s Banking Regulation and Supervision Agency. Michael Imeson reports.

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Regulation Report 36

The Paypers

APRIL 13, 2022

FIS has teamed with Fireblocks to accelerate crypto adoption by enabling firms of all types to access crypto trading venues, liquidity providers, lending desks, and decentralized finance (DeFi) applications.

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Lending 41

The Banker

APRIL 13, 2022

The president of the EBRD, Odile Renaud-Basso, talks to The Banker ahead of its first physical annual meeting in two years, where the bank’s support for Ukraine following the Russian invasion will be top of the agenda. Burhan Khadbai reports.

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Meeting Report 36

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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.

Compliance

CB Insights

APRIL 13, 2022

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. Payments leaders face compounding challenges of combating fraud and financial crime, securing consumer and payment card data, and complying with regulatory mandates to protect their businesses and customers — all while ensuring a frictionless user experience.

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Security Payments User Experience Fraud 36

The Paypers

APRIL 13, 2022

Mastercard has partnered with Interos , an operational resilience company, to further expand its security strategy and bring Interos’ risk monitoring capabilities to financial institutions.

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Strategy Security Operations Company 36

American Banker

APRIL 13, 2022

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Community Bank Community Lending 85

The Paypers

APRIL 13, 2022

The World Bank has announced it is preparing to deliver USD 1.5 billion in aid to Ukraine to help the country maintain government operations amid Russia’s offensive.

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Operations 36

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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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