Jack Henry
JANUARY 6, 2022
Quick poll: h ow many financial providers do you use? If you answered 30 to 40, you’re right in line with today’s Gen Z or Millennial couples. It’s a figure that sounds shocking at first, especially to those of us who’ve been around the financial services industry for some time. But, as Ron Shevlin said recently, “In our quest for more convenience in our financial lives, our financial lives have become more complex to manage.”.
BankBazaar
JANUARY 6, 2022
Looking for the emerging trends in India’s personal finance market? Here are some key insights from the Moneymood 202 2 report presented by BankBazaar. . BankBazaar.com, India’s largest fintech co-brand credit card issuer and online financial product marketplace, launched the fourth edition of BankBazaar Moneymood® 2022. It is a review of credit purchase trends in India in 2021 and presents the outlook for 2022.
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BankInovation
JANUARY 6, 2022
Automated lending fintech Kabbage is no stranger to disruption. Founded in 2009 in the wake of the Great Recession, the fintech’s lending solutions were one of the first to leverage automation and dynamic data analysis to improve efficiency in small business lending. Investors took notice, raising the company to unicorn status in 2017 with a […].
Banking Exchange
JANUARY 6, 2022
The gold investment market is just over $2.5 billion, and the Bitcoin market is about $700 million, but the momentum is on the side of Bitcoin… Risk Management Feature3 Feature Financial Research The Economy Financial Trends Lines of Business Blockchain Bitcoin Cryptocurrency.
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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
BankInovation
JANUARY 6, 2022
Payments technology and systems changed in three key ways in 2021. Today, those changes are unlocking opportunities for financial institutions and fintechs — as well as their business and retail customers, said Glenn Geil, head of payments for the Americas at Endava, a custom digital transformation and automation services provider primarily to large banks, payments […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
JANUARY 6, 2022
At most financial organizations, robotic process automation (RPA) is still in its infancy. In fact, it still remains largely an IT project, Beji Varghese, partner at financial services consultancy Guidehouse, told Bank Automation News. “Bots have in some places made it even more integrated than others, but they're not completely integrated into the workforce,” Varghese […].
CFPB Monitor
JANUARY 6, 2022
The National Consumer Law Center has published a list of federal and state consumer financial protection laws scheduled to take effect or expire during the period from November 30, 2021, through the end of 2022. The list includes laws related to mortgage servicing, debt collection, bankruptcy, student loans, and medical debt.
BankBazaar
JANUARY 6, 2022
As the nation braces for upcoming COVID-19 surges due to the Omicron variant, Prime Minister of India, Narendra Modi announced a “precaution dose” for Indian healthcare and frontline workers along with senior citizens over 60 which would be administered from 10 th January, 2022. On Saturday, 25 th December, 2021, it was declared that citizens above the age of 60 years with comorbidities can avail the option of a ‘precautionary’ third dose of the vaccine as per the a
CFPB Monitor
JANUARY 6, 2022
Professor Zywicki shares his views on the current trend of denying access to financial services to politically-disfavored industries or based on political views, whether through the actions of banking regulators, most notably Operation Choke Point, or actions taken by banks on their own initiative. We discuss the appropriateness of possible responses to these tactics, such as the OCC’s final fair access rule that did not become effective due to the change in Administrations.
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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 Emmerich Group
JANUARY 6, 2022
Net interest margin. Three of my favorite words. Why? Because it is such an important component of what takes a bank to the top of its peers. And if you’re tired of being average and competing on rate, I’m going to tell you that there is a way out of that mess. And, in fact, Continue Reading. The post Higher Net Interest Margin With Less Risk—Fact or Fiction?
CB Insights
JANUARY 6, 2022
Brankas , an open banking startup, has raised $20M in a Series B round that drew participation from AFG Partners, Visa, and Insignia Ventures Partners, among others. HOW’S THE COMPANY PERFORMING? Indonesia-based Brankas develops APIs for fintechs, financial institutions, and online businesses. The company provides over 10 APIs, including those for credit scoring, identity verification, e-commerce transactions, gig payments, and opening online banking accounts.
Bussman Advisory
JANUARY 6, 2022
FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: China’s digital yuan app is getting ready for the Beijing Winter Olympics Banks tiptoe toward their cloud-based future China’s Tencent builds stake in UK digital bank Monzo.
FICO
JANUARY 6, 2022
As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables. Credit executives can now enable continuous learning and improvement that is technology-enabled, and which is no longer tied to the duration of the billing cycle, nor the seasoning of the portfolio.
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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 6, 2022
Scammers took home a record USD 14 billion in cryptocurrency in 2021, thanks in large part to the rise of DeFi platforms, according to a Chainalysis study.
American Banker
JANUARY 6, 2022
The Paypers
JANUARY 6, 2022
India-based telecommunication company Reliance Jio has introduced a series of features users can benefit from through MyJio App using UPI Autopay.
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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 6, 2022
US-based credit startup Petal has raised USD 140 million in a Series D round led by Tarsadia Investments , the company’s new valuation being now USD 800 million.
American Banker
JANUARY 6, 2022
The Paypers
JANUARY 6, 2022
UK-based provider of SaaS regulatory tech, PassFort , has partnered with identity verification company Trulioo to digitalise KYC and KYB processes for businesses around the world.
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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 Financial Brand
JANUARY 6, 2022
The 'Great Resignation' is an ongoing challenge. Here's how banks and credit unions can insulate their call centers from the staff shortfall. The post AI Technology Can Assist Financial Institutions with Staffing Shortages appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Paypers
JANUARY 6, 2022
France-based PayFit , a payroll and HR management solution for SMEs, has raised EUR 254 million in a Series E funding round.
The Paypers
JANUARY 6, 2022
UK-based decentralised lending platform Aave has launched its permissioned lending and liquidity service Aave Arc to help institutions participate in regulation-compliant DeFi.
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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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