Fri.May 12, 2023

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Paysend charges into US market

Payments Dive

From a new U.S. headquarters in Miami, the British cross-border payments company is pitching services to U.S. businesses and consumers.

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Bank Customer Experience Summit keynote to address how to gather actionable customer data

ATM Marketplace

One of the biggest challenges for any business is how do to understand its customers and how to act on that knowledge. The keynote address for the Bank Customer Experience Summit, held from Sept. 12 to 13 in Charlotte, North Carolina, will address this question.

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Discover pursues ESG goals

Payments Dive

The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

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SBA: CFPB credit card late fee proposed rule may hurt small entities

CFPB Monitor

The Consumer Financial Protection Bureau (“CFPB”) received more than 225 public comments to its credit card late fee proposal (the “Proposed Rule”). As we have discussed , the Proposed Rule would make significant changes to the current rules for credit card late fees, including substantially reducing the safe harbor late fee amounts that card issuers can charge and eliminating annual inflation adjustments.

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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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Mastercard enables digital payments on Maldives' public transport network

The Paypers

Mastercard has partnered with Maldives Transport and Contracting Company (MTCC) and Bank of Maldives (BML) to launch an open loop transit payment and digital ticketing system.

More Trending

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Citizens invests in Citizens Pay

BankInovation

Citizens Financial Group is making innovations based on customer value to ensure that its technology investment serves specific needs. “Innovation needs to start from the customer. What’s the need you’re trying to solve?

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Podcast: Analyzing first-quarter earnings and 2023 annual meetings

ABA Community Banking

First quarter earnings reports are done, and bank shareholder meetings are currently going on, and rarely have these activities been in the public spotlight as now in the wake of three significant bank failures. The post Podcast: Analyzing first-quarter earnings and 2023 annual meetings appeared first on ABA Banking Journal.

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FIs comparison shop for fintechs

BankInovation

When Washington, D.C.-based Customers Bank made the decision to augment its third-party risk processes with the assistance of a fintech, it joined nearly 100 other community banks to shop for one via vendor platform True Digital.

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China launches the National Blockchain Technology Innovation Center

The Paypers

The government of China has launched the National Blockchain Technology Innovation Center in Beijing to support blockchain technology research.

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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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Brex tried to buy a piece of Silicon Valley Bank in March

American Banker

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BlueCart launches BlueCart Pay

The Paypers

BlueCart , an end-to-end wholesale order management platform, has launched BlueCart Pay.

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Launching a credit union? A recession might help.

American Banker

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Temenos offers core banking as SaaS on AWS

The Paypers

Switzerland-based Temenos has partnered with Amazon Web Services (AWS) to offer its core banking solutions as Software-as-a-Service (SaaS) further to its app integration on AWS.

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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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Fed's Bowman: Recent failures don't justify higher capital requirements

American Banker

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OnBuy integrates Clearpay at checkout

The Paypers

UK-based marketplace OnBuy has partnered with Buy Now, Pay Later (BNPL) provider Clearpay to augment the shopping and selling experience for on the former’s marketplace.

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CEO of Westerra Credit Union in Denver resigns

American Banker

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Quantexa strengthens and automates global risk coverage for ING

The Paypers

Netherlands-based bank ING has chosen Quantexa ’s Decision Intelligence platform to gain a 360-degree view of customer data, identify risk, and augment customer experiences.

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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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Fintech Vendors Must Stop Giving Small Institutions Short Shrift on AI Tech

The Financial Brand

This article Fintech Vendors Must Stop Giving Small Institutions Short Shrift on AI Tech appeared first on The Financial Brand. Artificial intelligence can be an equalizer for financial institutions, but small banks and credit unions need better access to it. This article Fintech Vendors Must Stop Giving Small Institutions Short Shrift on AI Tech appeared first on The Financial Brand.

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DCI partners DataVisor to help banks fight fraud

The Paypers

Core processing, digital banking, and fintech processing solutions developer DCI has partnered with fraud and risk management company DataVisor to help banks fight fraud.

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Recent bank failures point to the need for a 'conduct risk' authority in the U.S.

American Banker

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UK Finance research: 2022 fraud losses exceed GBP 1.2 bln

The Paypers

UK Finance has released its Annual Fraud Report in partnership with Feedzai showcasing that financial fraud losses in the UK throughout 2022 exceeded GBP 1.2 billion.

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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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Tighter supervision for US regionals almost inevitable

The Banker

Following the turmoil of recent months, a consensus seems to be building around tighter supervision of large regional banks in the US. Marie Kemplay reports.

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DirectID and Smoothpay partner to stabilise income for gig workers

The Paypers

UK-based Open Banking solutions provider DirectID has partnered with fintech Smoothpay to transform irregular income into a stable paycheck for gig workers.

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Why pre-pandemic fraud risk is making a comeback

American Banker

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Guavapay partners with Discover Global Network

The Paypers

Payment tech company Guavapay has announced a partnership with Discover Global Network to expand scheme access with memberships in acquiring and issuing.

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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.