Teslar Software, provider of lending process automation tools for community financial institutions, today shared commentary on what most significantly impacted the lending landscape in 2022 as well as the primary trends for community institutions to watch for in 2023.

More community banks will embrace indirect lending to diversify portfolios and keep business local.

Big Tech companies have extensive data, power and influence at their fingertips, that as they enter the finance space – it begs the question, are the regulators ready for them?

From baby boomers (born 1946–1964) to Gen Z (born 1997–2010), consumers in each generation have their preferred way of doing things, including how they go about making payments. These payment preferences differ significantly between age brackets, so it’s vital that businesses understand what this means for them and how they can best cater to each generation’s tendencies.  

Generational payment preferences

PayMate India Limited (“PayMate” or the “Company”), a leading B2B payments and services provider that digitizes, automates, and streamlines business-to-business (B2B) payments in supply chains announced that the company has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) subject to the guidelines on regulation of payment aggregators (PAs) and payment gateways (PG) dated March 17, 2020 (“RBI Guidelines”) as updated from time to time.

Adyen, the global financial technology platform of choice for leading businesses, has today announced that it has partnered with KodyPay, the fully integrated ordering and payment platform for businesses. Adyen’s financial technology will support the growth of hospitality businesses by powering seamless payments, data analytics and frictionless finance. 

Trust in artificial intelligence (AI) to improve financial knowledge and management is growing among young people, according to new data from smart money app Plum.

Experian has today been recognised for its market-leading identity verification technology and solutions, achieving certification through the Government’s Digital Identity and Attributes Trust Framework (DIATF).

The framework outlines the Government’s vision and rules for the future use of digital identities, with the ambition to make it easier and simpler for individuals to prove who they are using modern technology, as well as setting new and transparent standards for providers verifying identity to meet.

Fintech Currensea’s money-saving travel debit card can now be used on Google Pay, unlocking access to lower overseas foreign exchange fees for more customers.

Worldline, a global leader in payments services, brings passengers Express Transit for Apple Pay to make travelling on TCL (Transports en commun lyonnais) transport network even simpler. From today, passengers can just tap their iPhone or Apple Watch on the transit readers and go.

Travelling more easily than ever