Perficient

DECEMBER 3, 2021

The Office of the Comptroller of the Currency (“OCC”) issued a letter (1179) that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in cryptocurrency, distributed ledger, and stablecoin activities. The OCC had issued multiple Interpretive Letters in 2020 and earlier this year related to this matter.

National 294

National cryptocurrency Regulation Strategy 294

Abrigo

DECEMBER 3, 2021

OTP bots are the latest fincrime trend. Financial institutions must know how to combat the threat of OTP bots and educate their customers. Learn more about detecting and containing cyber threats at your financial institution. READ MORE. Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts.

Fraud 195

Fraud Trends Online Examples 195

ATM Marketplace

DECEMBER 3, 2021

Is it possible to build an ATM that cannot be hacked or fall victim to skimming? Researchers based in Canada and Switzerland believe they may have found the answer in zero-knowledge proof cryptology.

ATM 123

ATM 123

TheGuardian

DECEMBER 3, 2021

Staff processing a £23 parcels duty rebate paid the life-changing sum into a woman’s bank account A woman who woke up to find more than three-quarters of a million pounds had been deposited in her bank account by HMRC has described how she spent a year waiting for it to realise its mistake and reclaim the money and worrying about what would happen when it did.

Payments 99

Payments Taxes 99

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

BankInovation

DECEMBER 3, 2021

According to a survey recently commissioned by Finder, 23% of Americans own some form of cryptocurrency, reflecting an increase of more than 60% over the past two years. As consumer interest in digital currency grows, community banks and credit unions need to find ways to bring these digital assets and capabilities to their customers. For […].

Community Bank 98

Community Bank Community cryptocurrency Survey 98

BankInovation

DECEMBER 3, 2021

In this week’s podcast, the Bank Automation News editors discuss the technology lessons that can be gleaned from the earnings calls this week from the “Big Six” Canadian banks. The Royal Bank of Canada, Scotiabank, National Bank of Canada, Bank of Montreal and the Canadian Imperial Bank of Commerce reported earnings. Technology-related announcements played a […].

National 98

National Technology Report Retail 98

CB Insights

DECEMBER 3, 2021

Jobandtalent , a recruitment software company, has raised $500M in a Series E round that drew participation from Atomico, DN Capital, SoftBank Group, Kinnevik, and Kibo Ventures, among others. It also secured $75M in debt financing from BlackRock. HOW’S THE COMPANY PERFORMING? Spain-based Jobandtalent’s platform connects employers with job candidates, and it also offers staff management services to streamline hiring, onboarding, and other HR processes.

Software 53

Software Capital Groups Security 53

BankInovation

DECEMBER 3, 2021

Noting its digital banking advancements, TD Bank Group reported net income 26% lower year over year for the fourth quarter, but up 20% overall for the fiscal year ended Oct. 31. The $1.3 trillion TD Bank Group is focused on its long-term strategy and enterprise priorities, which include leveraging data analytics and artificial intelligence (AI) […].

Analytics 98

Analytics Groups Strategy Digital Banking 98

The Paypers

DECEMBER 3, 2021

The Payments Association has announced a new report, which takes the pulse of the payments industry to determine the status of SCA compliance.

Report 64

Report Payments Compliance Industry 64

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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

Lending

BankInovation

DECEMBER 3, 2021

A pair of $200 million funding series C rounds capped off a strong week for fintechs, with major financing going toward core banking development, buy now pay later (BNPL) technology, and data-centric credit solutions for businesses and consumers. Thought Machine hits $1B valuation in latest funding round London-based fintech Thought Machine closed out a $200 […].

Security 97

Security Fintech Data Technology 97

The Paypers

DECEMBER 3, 2021

Modern card issuer Marqeta has announced its partnership with FNBO to expand its partner ecosystem and allow customers to launch modern credit card programmes.

Omaha 60

Omaha National Cards 60

BankInovation

DECEMBER 3, 2021

Canadian Imperial Bank of Commerce (CIBC) credits digital investments and a cloud-first strategy with its 2021 growth, which saw adjusted revenue increase 7% year over year. The $653.6 billion bank reported $15.6 billion in adjusted revenue for 2021 on Thursday’s earnings call. Adjusted net income was $1.3 billion, up from the $1 billion reported in […].

Strategy 97

Strategy Report Retail 97

The Paypers

DECEMBER 3, 2021

i2C has partnered with BEYON Money, a mobile super app that hosts a digital wallet, enabling retail, bill, peer-to-peer payments, and other financial services for its users.

Retail 48

Retail Mobile Payments 48

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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

Report

American Banker

DECEMBER 3, 2021

Capital 94

Capital Payments 94

The Paypers

DECEMBER 3, 2021

Moody’s Corporation has acquired PassFort and entered into an agreement to acquire kompany – two European providers of onboarding and KYC solutions.

Compliance 50

Compliance 50

American Banker

DECEMBER 3, 2021

Community Bank 83

Community Bank Digital Banking Community Strategy 83

The Paypers

DECEMBER 3, 2021

Ondato has rolled out an AI ID forensics system that denies the submission of spoof documents and deep fake videos, which take part in onboarding processes.

Tools 45

Tools Video System 45

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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

American Banker

DECEMBER 3, 2021

78

78

The Paypers

DECEMBER 3, 2021

Tusted identity platform Acuant has achieved FedRAMP, JAB, and P-ATO authorisations for its AssureID, Ozone, and facial recognition system (COSFR) offerings.

System 44

System 44

American Banker

DECEMBER 3, 2021

Delaware 69

Delaware Taxes Community Bank Industry 69

The Paypers

DECEMBER 3, 2021

Hong Kong-based Hang Seng Bank has launched a new online payment service, Pay with Hang Seng, and invited price.com.hk to become its first online merchant.

Online 40

Online Payments 40

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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.

Lending

American Banker

DECEMBER 3, 2021

Management 60

Management 60

The Paypers

DECEMBER 3, 2021

UAE-based fintech Unimoni has partnered with Canada-based payment service provider Buckzy Payments to make international payments more reliable across the globe.

Payments 39

Payments Fintech 39

American Banker

DECEMBER 3, 2021

Lending 41

Lending 41

The Paypers

DECEMBER 3, 2021

Technology group ClearCourse has announced a deal to acquire Bacs-approved bureau Secure Collections for its complementary services and to expand to a larger customer base.

Security 37

Security Groups Technology 37

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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