Accenture

APRIL 6, 2021

This is the first in a series of in-depth thought leadership pieces on Open Banking in the Middle East. This one explains Open Banking and outlines key considerations for the Open Banking journey. Subsequent pieces will focus on the business case for banks in the region and lay out the actions they need to take…. The post Open Banking in the Middle East: Time is of the essence appeared first on Accenture Banking Blog.

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Leadership Regional Customer Experience Banking Trends 285

SWBC's LenderHub

APRIL 6, 2021

Wall Street has had more than its share of drama over the last three decades. However, what started to unfold two Fridays ago with Bill Hwang’s Archegos family office had grizzled Wall Street veterans staring, stupefied, into the abyss.

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Capital Marketing 145

ABA Community Banking

APRIL 6, 2021

Some branches are closing but that doesn’t mean reduced access to banking services, especially in lower-to-moderate-income neighborhoods. The post The Real Story on Bank Branch Closures appeared first on ABA Banking Journal.

Community Bank 116

Community Bank Digital Banking Community Technology 116

Bobsguide

APRIL 6, 2021

Banks are becoming increasingly reliant on robotic process automation (RPA) technology – a trend that is expected to become more entrenched. According to SSON Analytics banks are by far the largest RPA users, coming in at a 51 percent share of entire market share. Next highest on the list.

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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

Lending

ATM Marketplace

APRIL 6, 2021

Hear from Brendan Watkins and David Johnson on how self-service, assisted self-service and teller automation models can guide your thinking about ATM hardware, staffing and innovation.

ATM 90

ATM Innovation 90

CFPB Monitor

APRIL 6, 2021

The Illinois Department of Financial and Professional Regulation (DFPR) has issued Predatory Loan Prevention Act Frequently Asked Questions (PLPA). The PLPA became effective on March 23, 2021 , the day it was signed into law by Governor Pritzker. The DFPR also issued a “ Notice Regarding the Consumer Reporting Database and the Predatory Loan Prevention Act ” (Notice).

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Illinois Regulation Report Lending 78

ATM Marketplace

APRIL 6, 2021

Michael Kaplan is the Chief Revenue Officer and General Manager at PayNearMe. Kaplan has played key roles in the strategy, development and growth of multiple platforms and markets. A seasoned executive in the payments, fintech, prepaid and mobile markets, Kaplan shares his knowledge and insight on digital wallets with ATM Marketplace

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ATM Strategy Fintech Mobile 72

CFPB Monitor

APRIL 6, 2021

The California Department of Financial Protection and Innovation (DFPI) announced last week that it has entered into a consent order that permanently bars James Berry and any company he owns or controls from soliciting customers for Property Assessed Clean Energy (PACE) financing and seeking future enrollment as a solicitor for PACE programs. In its press release about the consent order , the DFPI highlighted its reliance on the new California Consumer Financial Protection Law (CCFPL) for its a

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CA California Company Innovation 78

Payments Source

APRIL 6, 2021

Payments 159

Payments Fintech 159

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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

Report

BankInovation

APRIL 6, 2021

Feedback from technology providers and vendors on the use of artificial intelligence (AI) and other automation tools in response to a request for information issued by the Office of the Comptroller of the Currency (OCC) last year, offers a glimpse into the responses regulators might expect from a similar request about the use of advanced […].

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Google Regulation Tools Technology 64

Payments Source

APRIL 6, 2021

Payments 157

Payments Fintech 157

BankInovation

APRIL 6, 2021

The regulators are curious again. Last week, the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and three more regulatory bodies, put out a call for public input on how artificial intelligence (AI) and machine learning (ML) are being used in the financial services sector, and the risks they pose. The […].

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Groups Regulation US Compliance 64

TheGuardian

APRIL 6, 2021

Directors’ bonuses scrapped as chief risk officer and investment bank chief exit Credit Suisse has cancelled the bonuses of its directors, slashed its dividend and announced the departure of two senior executives as the bank revealed £3.4bn in losses from the collapse of the Archegos investment fund. The Swiss bank is reeling from heavy exposure to Archegos and the business bank Greensill, which suffered successive but unrelated financial blow-ups.

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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

BankInovation

APRIL 6, 2021

Unqork recently hosted a financial institutions and banking operations-centered hackathon to showcase what non-technical business users can achieve with just one hour of training with no-code development—and the results provide a glimpse of what the future of banking innovation might look like. The virtual hackathon (or “Unqorkathon”) introduced various enterprise operations professionals to our enterprise […].

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Training Operations Innovation Customer Experience 64

The Paypers

APRIL 6, 2021

BBVA has announced a new project, which represents another step in the bank's commitment to leading bank digitisation in Spain, according to the official press release.

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TheGuardian

APRIL 6, 2021

The government must force betting firms to pay heavily to treat gambling addiction – not rely on their goodwill That betting firms should contribute to funding treatment for gambling addiction is beyond dispute these days. Even the companies agree. Their trade body, the Betting and Gaming Council, often boasts about how its leading members volunteered to boost their joint funding of education and treatment services to £100m during the 2019-2023 period.

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Industry Company 55

MyBankTracker

APRIL 6, 2021

Your home is a valuable asset, so it only makes sense to guard it with a homeowners insurance policy. Home insurance protects your home from losses or damages caused by a covered peril. These perils can include windstorms, hail storms, vandalism, theft, and fire. The policy pays to either repair or rebuild your home. But it isn’t enough to have an active policy.

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Policies Nevada How To Company 52

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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.

US

FICO

APRIL 6, 2021

On the face of it, the UK economic recovery is underway. According to the Treasury, the green shoots of are all around us, with Britain expected to be back at 2019 GDP levels by this time next year. The government-backed Furlough Scheme has now been extended until the end of September. Elsewhere, consumer confidence hit an 11-month high as the end of lockdown loomed alongside clear progress following the roll-out of the nation’s mass vaccination programme.

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Analytics Regional Data Analysis 52

Payments Source

APRIL 6, 2021

Innovation 115

Innovation Payments 115

The Paypers

APRIL 6, 2021

US-based Versatile has recently announced the addition of Foundation Finance to its omnichannel financing platform as a prime and near-prime lending option.

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Lending US 59

Payments Source

APRIL 6, 2021

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Industry Payments Fintech 101

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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

The Paypers

APRIL 6, 2021

Instarem , a digital cross-border payments platform, has announced the launch of a new mobile application, along with the company’s rebranding.

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Mobile Payments Company 57

Payments Source

APRIL 6, 2021

Payments 91

Payments 91

TheGuardian

APRIL 6, 2021

Rolling coverage of the latest economic and financial news as Credit Suisse revealed a £3.4bn hit from the Archegos fallout 8.44am BST We’re waiting for the official print on the SMMT new car registrations for March at 9am BST, but preliminary reports suggest car sales grew 11% last month compared to March 2020. 8.29am BST AstraZeneca is one of the worst performers on the FTSE 100 this morning: Will the AstraZeneca vaccine be recommended for only those over 30?

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ABA Community Banking

APRIL 6, 2021

The FDIC today announced the appointment of nine new members to its Advisory Committee on Community Banking. The post FDIC Names New Advisory Committee Members appeared first on ABA Banking Journal.

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FDIC Community Bank Community 52

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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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