Accenture

MAY 25, 2023

Disclaimer: ChatGPT did not write our post, but we did ask it for title suggestions and picked our favorite one. Thanks, generative AI! We’re at an inflection point. Every day, we see how artificial intelligence (AI) capabilities are mirroring and surpassing human capabilities at generalized skills. Accenture’s recent report, A New Era of Generative AI… The post Breaking Barriers: Exploring How Banks Scale Generative AI for Growth appeared first on Accenture Banking Blog.

Report 404

Report Customer Experience Technology 404

Perficient

MAY 25, 2023

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities. The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients.

cryptocurrency 251

cryptocurrency United States Retail Security 251

Payments Dive

MAY 25, 2023

Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

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Fraud Payments 273

ATM Marketplace

MAY 25, 2023

The Bank Customer Experience Summit, held in Charlotte from Sept. 12 to 13, will honor innovators in the space of financial customer experience during an awards ceremony. You may nominate a technology provider or financial institution for an award, as long as it's submitted by the deadline of June 2.

Customer Experience 108

Customer Experience Charlotte Innovation Technology 108

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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

MAY 25, 2023

Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.

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Apple 259

BankUnderground

MAY 25, 2023

Aidan Saggers, Lukas Alemu and Irina Mnohoghitnei Decentralised Finance (DeFi) may seem a tempting option for those seeking financial gain, autonomy, and self-governance… But how safe is a world in which ‘ code is law ’? Closer inspection reveals an ecosystem experiencing several hacks, attacks, and fraud. Estimates show at least US$6.5 billion has been stolen since DeFi’s inception, and one particular DeFi feature is often at the centre of this theft – flash loans.

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blockchain US cryptocurrency Examples 81

The Paypers

MAY 25, 2023

The government of Japan has decided to implement stricter rules for cryptocurrency transactions to comply with global regulations.

cryptocurrency 77

cryptocurrency Regulation 77

BankInovation

MAY 25, 2023

SAN FRANCISCO — Community banks are looking to technology to support human interactions rather than replacing them. When it comes to technology investment, community banks and credit unions “are not going to outdo JPMorgan [or] Bank of America,” Rilla Delorier, a board member at the $3.

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Community Bank Community San Francisco America 52

FICO

MAY 25, 2023

Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8 billion monthly visits to Open AI’s website in April 2023 Thu, 05/11/2023 - 07:32 Saxon Shirley by Scott Zoldi Chief Analytics Officer expand_less Back to top Thu, 05/25/2023 - 15:05 Last week, while everyone at FICO World was obsessing about how they’d look as an AI-generated superhero , the Generative AI industry’s de facto figurehea

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Regulation San Diego Analytics blockchain 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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BankInovation

MAY 25, 2023

SAN FRANCISCO — Regional banks and credit unions should redefine what it means to be a “community” financial institution when considering new technologies to tap into underserved customer groups.

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Community Bank Community San Francisco Regional 52

The Paypers

MAY 25, 2023

Bulgaria-based e-money institution Paynetics has agreed to acquire Phyre , a ditial payments application provider.

Payments 68

Payments 68

BankInovation

MAY 25, 2023

Royal Bank of Canada’s discretionary and tech-related expenses increased by 22% for the second consecutive quarter as the bank looks to continue improving its digital offerings to customers through AI.

Tools 52

Tools Technology Retail 52

TheGuardian

MAY 25, 2023

Anne Boden is also a major shareholder and hopes move will shield online bank from possible concerns The founder of Starling Bank, Anne Boden, is to step aside in a surprise move designed to shield the online bank from potential concerns over a conflict of interest, because she is a major shareholder in the lender. Boden, who launched the bank in 2014 , said on Thursday that the roles and priorities of a shareholder and chief executive “ultimately differ” and that to ensure there was “no potenti

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Online 47

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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.

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BankInovation

MAY 25, 2023

TD Bank invested in operations and innovation in the second quarter as technology and personnel expenses increased. During Q2, the $1.4 trillion bank’s expenses increased 16% year over year to $5 billion, according to the bank’s earnings supplement.

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Innovation Operations Technology Report 52

The Paypers

MAY 25, 2023

UK-based taxi and private hire tipping payment platform tippmee has partnered payments service provider Acquired.com to facilitate QR code taxi tipping.

Payments 41

Payments 41

American Banker

MAY 25, 2023

Fintech 87

Fintech Community Bank Community Lending 87

The Paypers

MAY 25, 2023

Gala Technology has announced the launch of the instant bank payment solution Link-Pay-Bank, developed in partnership with EML Payments’ Open Banking business, Nuapay.

Technology 36

Technology Payments 36

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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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American Banker

MAY 25, 2023

Innovation 85

Innovation Payments Cards 85

The Paypers

MAY 25, 2023

Mastercard has launched Click to Pay in partnership with payment service provider Foloosi , who has made this payment method available across its full merchant base.

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Payments 36

American Banker

MAY 25, 2023

System 81

System Regional Compliance Regulation 81

The Paypers

MAY 25, 2023

Financial infrastructure platform for businesses Stripe has partnered with retailer Zara to process payments for its pre-owned clothing marketplace, Zara Pre-Owned.

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Payments Retail 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.

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American Banker

MAY 25, 2023

New York City 78

New York City New York Capital Policies 78

The Paypers

MAY 25, 2023

UK-based Banfico , an Open Banking solutions provider, has partnered with Certificate Authority InfoCert , to bring security solutions to its OB Directory product.

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Security 36

American Banker

MAY 25, 2023

New York 69

New York Regulation Cyber Security Security 69

The Paypers

MAY 25, 2023

Klarna has launched the UK’s first voluntary credit ‘opt out’, an additional tool in the Klarna app to help consumers save time and money.

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Tools 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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