Payments Dive

JULY 20, 2022

A federal government report released this week takes aim at the problem of fraudulent public benefit payments, which mushroomed to $281 billion for fiscal year 2021.

Payments 545

Payments Report 545

Accenture

JULY 20, 2022

The recent nCino nSight 2022 conference in Raleigh, North Carolina, was the first large-scale, in-person event I’ve attended in over two years. Although the presentations at the event were very informative and insightful, (look below for our nSight 2022 key session summary), I’m not going to discuss those here. Instead, I’d like to focus on…. The post Back to in-person events (for now) and loving it!

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North Carolina Raleigh Conference 300

Payments Dive

JULY 20, 2022

“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will.

Fintech 397

Fintech Payments 397

South State Correspondent

JULY 20, 2022

For Now, Focus is on Europe. Treasuries are finding a bid this morning as concerns re-emerge over possible energy disruptions in Europe which could slow the global economy. The EU proposed the union cut gas consumption by 15% to be better prepared for a possible full cut-off of gas by Russia heading into the winter months. With the Ukraine war showing no signs of improvement the gas supply situation is likely to be a continuing thorn in the side of the European economy, and it will only worsen a

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Meeting Data Marketing 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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Gonzobanker

JULY 20, 2022

The lack of ownership in driving digital transformation is a huge roadblock for financial institutions. In my digital transformation work with Cornerstone Advisors clients, I often ask executives a simple question: “Who owns digital?” The most common responses are: 1) blank stare, 2) scrunched face of contemplation, and 3) “a lot of different people.

Digital Strategies 174

Digital Strategies Strategy Leadership Customer Experience 174

BankInovation

JULY 20, 2022

IBM leaned into its hybrid-cloud and artificial intelligence (AI) strategies in the second quarter to offer its partners and clients technical capabilities to improve innovation, productivity and scale their organizations. “Hybrid-cloud is about offering clients a platform that can straddle multiple public cloud, private clouds, and on-premise properties, all the way to the edge,” IBM […].

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Strategy Innovation 98

CFPB Monitor

JULY 20, 2022

In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced plans to discontinue LIBOR after 2021. The FCA subsequently announced that no LIBOR indices will be available after June 30, 2023. In anticipation of the elimination of LIBOR, the Federal Reserve Board and the Federal Reserve Bank of New York (FRBNY) convened the Alternative Reference Rates Committee (ARRC) to identify alternative indice

New York 78

New York Security Operations Regulation 78

BankUnderground

JULY 20, 2022

Miguel García-Posada and Sergio Mayordomo. In February, the Bank hosted its inaugural Bank of England Agenda for Research (BEAR) conference, with the theme of ‘The Monetary Toolkit’ As part of our occasional series of Guest Posts by external presenters at Bank research events, the authors of one paper from the BEAR conference outline their findings on the effect of negative rates on Spanish banks….

Policies 87

Policies Lending Capital Study 87

The Paypers

JULY 20, 2022

Crypto.com has received registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy as a provider of virtual currency and digital wallet services.

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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

JULY 20, 2022

Payments giant Visa Inc. is in talks to join an extension of the fintech startup Airwallex’s latest funding round, according to people familiar with the matter. The Tencent Holdings Ltd.-backed startup is seeking to raise $100 million to $150 million in an extension to its series E round, the people said. Some of the startup’s […].

Fintech 52

Fintech Payments 52

The Paypers

JULY 20, 2022

The central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand have partnered to develop an interoperable cross-border payments system.

Regional 69

Regional Payments System 69

BankInovation

JULY 20, 2022

Real-time payments platform Pidgin and community bank services provider Bankers’ Bank are partnering to simplify and streamline payment processes. Customers of $250 million Bankers’ Bank — with more than 250 community banking customers in Oklahoma, Texas and New Mexico — can now send payments directly between financial institutions without a third-party holding account or virtual […].

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Oklahoma New Mexico Texas Community Bank 52

The Paypers

JULY 20, 2022

ATMs and TCRs manufacturer Hyosung America has launched four new retail products that bridge innovation in modular design and cash-automation solutions.

America 60

America ATM Innovation Retail 60

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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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The Banker

JULY 20, 2022

The Financial Action Task Force’s attempts to bring virtual assets under anti-money laundering and combating the financing of terrorism regulations has run into some teething problems. James King reports.

Regulation 36

Regulation Report 36

The Paypers

JULY 20, 2022

The Directorate-General of Immigration and Passports of Pakistan (DGIP) has announced the launch of a mobile app for making online payments for passports.

Payments 57

Payments Mobile Online 57

Image Works Direct

JULY 20, 2022

Take your social media to the next level! We’ve seen our clients get great results implementing these tips and tricks. We hope they help your social strategy as well! .

social media 36

social media Strategy 36

The Paypers

JULY 20, 2022

AvidXchange , a US-based provider of accounts payable (AP) automation software and payment solutions, has announced a partnership with Member Driven Technologies (MDT) , a credit union service organisation.

Technology 36

Technology Software US 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

JULY 20, 2022

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The Paypers

JULY 20, 2022

Feedzai , a RiskOps platform for financial risk management, and Al Rajhi Bank Malaysia (ARBM) have announced a partnership which will see Feedzai’s solution implemented onto the platform.

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Risk Management Management 36

American Banker

JULY 20, 2022

cryptocurrency 77

cryptocurrency Compliance Regulation 77

The Paypers

JULY 20, 2022

Smart money app Plum has expanded to a new market in Europe, announcing its official launch in Belgium.

Marketing 52

Marketing 52

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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

American Banker

JULY 20, 2022

Innovation 73

Innovation Industry 73

The Paypers

JULY 20, 2022

YouTube has set to launch new shopping features, in partnership with Shopify , allowing viewers and creators to feature their products on their channels.

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American Banker

JULY 20, 2022

Lending 69

Lending 69

The Paypers

JULY 20, 2022

Sudan-based Bloom , a fintech that offers savings account and adjacent digital banking services, has raised a USD 6.5 million seed round.

Digital Banking 39

Digital Banking Fintech 39

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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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