Tue.Apr 23, 2024

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Fiserv rises on international, government sales

Payments Dive

The processing and payments technology giant is increasingly selling its services abroad, but also benefiting lately from sales to government entities at home.

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Solving the Three-Body Problem in Banking

South State Correspondent

The “Three-Body Problem,” currently made popular by our new favorite author, Cixin Liu, is the concept of instability when three similar-sized celestial objects interact. The problem is currently unsolvable. Banking has a similar physics problem when management juggles strategy, risk/profitability, and customer behavior. This article will discuss the challenge of managing three potentially opposing forces and look towards physics to help us solve the mystery.

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Ramp may target US startups this year: report

Payments Dive

After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.

Report 221
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Personal Finance Fails (and How to Fix Them)

BankBazaar

Let’s face it, talking about money isn’t always sunshine and rainbows. We all dream of financial freedom, but the road there can be paved with some pretty epic stumbles. From the infamous “bottomless cocktail brunch” every Sunday that mysteriously drained your savings account to the “surely-I’ll-win-the-lottery” mentality, personal finance fails are a universal experience.

How To 78
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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Klarna expands reach with Uber partnership

Payments Dive

The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.

Groups 195

More Trending

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Experience innovation at the Bank Customer Experience Summit

ATM Marketplace

The Bank Customer Experience Summit 2024's first early bird deadline is coming up on May 3rd.

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Climate change, stifled mergers and other challenges facing banks and investors

American Banker

Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.

FDIC 85
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Goldman ditches robo-investing for masses in sale to Betterment

BankInovation

Goldman Sachs Group Inc. is closing down its automated-investing business for the masses after clinching a deal with Betterment. The bank has struck an agreement to transfer clients and their assets from the unit known as Marcus Invest to Betterment, a $45 billion digital investment-advisory firm.

Groups 74
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Where check fraud is driving businesses to adopt digital payments

American Banker

A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.

Fraud 83
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New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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Fiserv deploys AI for productivity

BankInovation

Financial services technology provider Fiserv is deploying AI to drive productivity and sees growth opportunities in the point-of-sale and real-time payments segments.

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Sen. Warren calls for increased safeguards in stablecoin legislation

American Banker

In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.

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Movers and Shakers: Ex-Wells leader Ellington new adviser at Uplinq

BankInovation

Uplinq, a credit decisioning support platform for small business lenders, named former Wells Fargo leader Derek Ellington as its strategic adviser.

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If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

American Banker

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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du launches du Pay to augment the UAE's cashless economy

The Paypers

UAE-based du has announced the launch of du Pay to boost UAE’s transition toward a cashless economy and support the national digitalisation agenda.

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'Credit darling' Webster Financial reports uptick in defaulted loans

American Banker

The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.

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Nium and Artajasa augment cross-border payments in Indonesia

The Paypers

US-based payments provider Nium has partnered with Indonesia-based payment infrastructure company Artajasa to augment cross-border transfers for Indonesians.

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Turning Fannie Mae into a title insurer won't solve housing challenges

American Banker

The Biden administration's proposal to waive title insurance requirements for mortgage lenders would undercut an efficient system that offers homebuyers important protections.

System 65
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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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South Africa Central Bank reveals digital payments roadmap

The Paypers

South Africa’s central bank (SARB) has revealed a roadmap that would improve the country’s adoption of digital payment technologies.

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For Old National, 'business as usual' after CFO charged with felonies

American Banker

Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.

Indiana 63
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Payflows raises EUR 25 million in Series A funding round

The Paypers

France-based SaaS platform for finance teams, Payflows has announced the rise of EUR 25 million in a Series A funding round, aimed at its expansion strategy.

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Democrats push back against Corporate Transparency Act ruling

American Banker

Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.

Alabama 36
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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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Yuno expands payment solutions in Asia

The Paypers

Yuno , a payments orchestration platform, has expanded its presence in Asia by launching its payment orchestration solution in Singapore, the Philippines, Thailand, and Hong Kong, among other key markets.

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Zions, Comerica foresee turnaround on loan growth in late 2024

American Banker

The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.

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Basware launches AI-enabled solution

The Paypers

Finland-based e-invoicing company Basware has announced the launch of AP Protect, an AI-enabled solution that aims to safeguard businesses from fraud and invoice errors.

Fraud 41
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What Synapse's bankruptcy means for the BaaS model

American Banker

The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.

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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.