Payments Dive

APRIL 24, 2023

Explaining three reasons why declined transactions are turning customers on to Buy Now Pay Later services for a friendlier purchasing process.

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370

Accenture

APRIL 24, 2023

Banks have the opportunity of a lifetime. And if they don’t act now, it’s going to slip from their grasp. I’ve just returned from speaking with senior bank executives around the US and Europe. The topic of our talks? One of the many pressing issues facing commercial banks today: sustainable credit—using banks’ capital resources to… The post Banks can no longer stall on sustainability appeared first on Accenture Banking Blog.

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Resources Capital US Lending 329

Payments Dive

APRIL 24, 2023

Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

Study 487

Study Cards Payments 487

Accenture

APRIL 24, 2023

In February 2023, the UK government released a consultation on draft legislation for Buy-Now Pay-Later (BNPL) services, which outlined the scope of the proposed legislation as well as some exemptions. The proposed legislation aims to prevent consumers getting into unmanageable debt while still allowing them the option to spread the cost of their purchases over… The post BNPL regulation and its potential impact on UK banks appeared first on Accenture Banking Blog.

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Regulation Trends Payments 195

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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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Payments Dive

APRIL 24, 2023

Santander Bank last week became the latest in a string of financial institutions partnering with DailyPay to provide companies with on-demand pay services.

Company 221

Company 221

CFPB Monitor

APRIL 24, 2023

The CFPB recently announced that it is revising the methodology used to determine average prime offer rates (APORs). The revised methodology is available on the website of the Federal Financial Institutions Examination Council (FFIEC). Both the revised methodology and prior methodology are available on the FFIEC website. The CFPB has used information from the Freddie Mac Primary Mortgage Market Survey® (PMMS) on three products (30-year fixed-rate mortgages, 15-year fixed-rate mortgages, and five

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Survey Data Marketing 78

The Paypers

APRIL 24, 2023

Fintech provider Bottomline has announced the technical integration of its user monitoring solution Record & Replay with threat detection and response platform Trellix XDR.

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Fintech 69

TheGuardian

APRIL 24, 2023

Asset manager suggests its stake could be worth less only 18 months after investing almost £10m Revolut’s position as the UK’s most valuable fintech company is under threat, after a writedown by one of its investors suggested almost $15bn (£12bn) could be wiped off the value of the firm. A UK trust run by the asset manager Schroders suggested the value of its stake in Revolut has plunged by 46% over the past year, having estimated in its annual report that the holding was worth only £5.4m as of

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Fintech Management Report Company 60

BankInovation

APRIL 24, 2023

Credit Suisse reported higher operating expenses during the first quarter as the financial institution invested in software, shrunk its team and continued restructuring efforts amid its acquisition by UBS following a run on the Zurich-based bank in March.

Software 52

Software Operations Report Groups 52

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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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TheGuardian

APRIL 24, 2023

The bank came into focus after two regional banks collapsed in April, shaking confidence in smaller institutions First Republic Bank’s deposits fell by over $100 bn in the first quarter and it said it was exploring options including restructuring its balance sheet, overshadowing market-beating profit and sending its shares down 21% after the bell on Monday.

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Regional Marketing US 59

The Paypers

APRIL 24, 2023

Singapore-based Bisonai has partnered with Polygon Supernet to offer a scalable and customisable Web3 infrastructure to businesses.

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68

TheGuardian

APRIL 24, 2023

It is hard to see how hopes of future growth justify the challenger bank being worth $18bn – not least as it made only £26m in 2021 A reduction of $15bn in the value of Revolut , the would-be “Amazon of banking”, sounds enormous until you remember the starting point. Back in 2021, the last time the privately owned company’s valuation created a stir, the valuation was $33bn – in that case supported by a hard transaction in which SoftBank and Tiger Global Management, two established backers, led a

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Management 50

The Paypers

APRIL 24, 2023

The Bank of Russia has revealed that the digital rouble platform will support interactions with other central bank digital currencies ( CBDCs ).

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54

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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

TheGuardian

APRIL 24, 2023

Results reported for what is likely to be the last time as lender’s takeover by Swiss rival nears completion Credit Suisse said customers pulled more than 61bn Swiss francs (£55bn) worth of assets from the bank at the start of the year, laying bare the scale of the panic that contributed to its failure and emergency takeover by its rival UBS last month.

Taxes 45

Taxes Report US 45

American Banker

APRIL 24, 2023

Data 101

Data Policies Compliance Regulation 101

The Paypers

APRIL 24, 2023

Secure server solution provider Cryptomathic has partnered with fidentity to offer automated identity verification for remotely qualified e-signing across the EU.

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Security 36

American Banker

APRIL 24, 2023

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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 24, 2023

Cyprus-based fintech Praxis Tech has enabled game developer SoftGamings to equip its operators with Merchant Initiated Transaction (MIT) and other new features.

Fintech 36

Fintech Operations 36

American Banker

APRIL 24, 2023

Tucson 69

Tucson Arizona Community Bank Community 69

The Paypers

APRIL 24, 2023

Payment management platform Finli has announced its partnership with the Independent Community Bankers of America to offer its services to small businesses.

America 36

America Community Management Payments 36

American Banker

APRIL 24, 2023

Policies 69

Policies 69

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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.

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The Paypers

APRIL 24, 2023

Norway-based IDEX Biometrics has partnered with cyber tech company PONE Biometrics to provide biometric sensor modules for digital authentication.

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Company 36

American Banker

APRIL 24, 2023

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Digital Banking 69

The Paypers

APRIL 24, 2023

UK-based Open Banking solutions provider DirectID has partnered with alternative lending platform Faciit to help new-to-UK clients access credit.

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Lending 36

The Banker

APRIL 24, 2023

Costa Rica expects to get off the EU grey list in October, its finance minister tells Barbara Pianese.

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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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