Payments Dive

AUGUST 17, 2023

Interim CEO John Owen also said the company has hired about 200 compliance officers in recent months as Discover bolsters regulatory and risk management efforts.

Risk Management 195

Risk Management Compliance Management Company 195

Bussman Advisory

AUGUST 17, 2023

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: PayPal’s new CEO faces these 3 big challenges Meta, OpenAI, Anthropic and Cohere A.I. models all make stuff up Sotheby’s sued over Bored Ape NFT sales Plus, 9 mo

Fintech 98

Fintech Community Course Trends 98

Payments Dive

AUGUST 17, 2023

At least one earned wage access advocate is pushing back on Maryland’s recent guidance that labels some on-demand wage offerings as loans.

Maryland 195

Maryland 195

CFPB Monitor

AUGUST 17, 2023

Rally Credit Union, the Credit Union National Association, and Cornerstone Credit Union League (Credit Union Intervenors) have filed a joinder to the motion for preliminary injunction filed by Texas First Bank, Independent Bankers Association of Texas, and Independent Community Bankers of America (Community Bank Intervenors) in the Texas lawsuit challenging the CFPB’s final small business lending rule (Rule).

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Texas Community Bank Community Lending 78

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.

US

Payments Dive

AUGUST 17, 2023

The bank payment and technology services provider has offered an early retirement program that it expects to pare 160 employees.

Technology 195

Technology Payments 195

Payments Dive

AUGUST 17, 2023

Elon Musk wants you to use his X app for all types of banking and payments. That will require a leap of faith from consumers.

Payments 195

Payments 195

CFPB Monitor

AUGUST 17, 2023

The CFPB has released an update to the Filing Instructions Guide for Small Business Lending Data. The Guide is intended to serve as a set of resources for entities who will be required to file small business lending data with the CFPB in 2025 covering the period from October 1, 2024 to December 31, 2024.

Lending 78

Lending Data Resources 78

TheGuardian

AUGUST 17, 2023

Workers’ wages, and what they can afford to buy with them, are being squeezed by corporate wreckers pursuing runaway profits, quite literally at our expense Sharon Graham is the general secretary of Unite Triumphant claims in some quarters that the cost of living crisis is coming to an end as inflation falls to 6.8% are, quite frankly, a load of toffee.

Retail 75

Retail Data Industry 75

CFPB Monitor

AUGUST 17, 2023

The CFPB’s final rule implementing Section 1071 requires financial institutions to collect and report certain data in connection with credit applications made by small businesses, including women-, minority- or LGBTQI+-owned small businesses. In this episode, we respond to questions received from attendees of our April 2023 attendance-breaking webinar about the final rule. .

Data 78

Data Report 78

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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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TheGuardian

AUGUST 17, 2023

Treasury hints at concessions on guarantee but banks will face fines for falling below minimum service level High street banks will have to ensure customers can find access to cash within three miles of their local communities, and those falling below the minimum service level will face a fine, the government has confirmed. After the closure of thousands of local branches in recent years, and the switch to digital payment methods, ministers are looking to banks to help protect vulnerable groups

Community 74

Community Groups Payments 74

American Banker

AUGUST 17, 2023

Consumers favor credit cards that offer better spending rewards and that card issuers should consider providing services to help their customers manage growing account balances, J.D. Power's annual survey found.

Cards 69

Cards Survey Management Lending 69

The Paypers

AUGUST 17, 2023

Cryptocurrency exchange Coinbase has secured regulatory approval from the National Futures Association to offer access to eligible US customers to crypto futures.

US 69

US Security Regulation cryptocurrency 69

American Banker

AUGUST 17, 2023

The small bank in eastern Washington State violated its commitment to regulators by helping the crypto company issue stablecoins. Earlier this year, the bank opted to dissolve itself.

Washington 69

Washington Regulation Company Policies 69

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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

AUGUST 17, 2023

Banking software provider Jack Henry is onboarding more than 100 financial institutions to the FedNow payment rail since its launch last month and has seen an increase in client demand for cloud and banking services in the fourth quarter of 2023, which ended June 30.

Software 52

Software Payments 52

American Banker

AUGUST 17, 2023

Many institutions are building internal development programs to lower the barriers of entry to more senior roles as aging leaders retire.

Management 69

Management 69

BankInovation

AUGUST 17, 2023

New use cases for generative AI continue to surface, and as financial institutions explore the technology, they must consider compliance.

Report 52

Report Compliance Tools Industry 52

American Banker

AUGUST 17, 2023

Establishing a conduct risk authority in the U.S. would go a long way toward restoring trust in the banking industry.

Industry 69

Industry Risk Management Compliance Management 69

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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 Paypers

AUGUST 17, 2023

PCI Pal has renewed its membership in the PCI Security Standards Council (PCI SSC) as a Principal Participating Organisation to help drive the future of global payment security.

Security 36

Security Payments 36

American Banker

AUGUST 17, 2023

The embattled credit card company, which is bracing for regulatory action, warned Thursday that heavy spending on risk management and compliance will persist. Executives also said that internal and external candidates will be considered for the permanent CEO job.

Compliance 53

Compliance Risk Management Cards Management 53

The Paypers

AUGUST 17, 2023

Prime Visa and Amazon Visa have announced that cardmembers can now pay with Equal Monthly Payment options when using Amazon Pay during checkout at various participating online retail sites.

Payments 36

Payments Retail Online 36

American Banker

AUGUST 17, 2023

The latest draft emphasizes integrating cybersecurity into core governance functions and broadens its scope beyond just critical infrastructure sectors. It also offers guidance on dealing with novel threats, such as newer strains of ransomware.

Cyber Security 53

Cyber Security Security Technology 53

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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.

Lending

The Paypers

AUGUST 17, 2023

Hardware wallet technology company, Ledger , has partnered with PayPal to allow users to explore crypto in a simple and secure manner through the Ledger Live companion app

Security 36

Security Technology Company 36

American Banker

AUGUST 17, 2023

Banking and credit union regulators encouraged compassionate treatment of customers in Hawaii communities hit by wildfires. They also vowed to grant expedited approvals of temporary banking facilities, be flexible in compliance matters and provide other support to financial institutions.

Hawaii 36

Hawaii Regulation Compliance Community 36

The Paypers

AUGUST 17, 2023

Mexico-based digital financial services platform Klar has obtained a USD 100 million debt facility to expand its credit products in the North American country.

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American Banker

AUGUST 17, 2023

The data-aggregation specialist has teamed with two payroll tech firms to the process of setting up direct deposit at a new bank, as more people move their accounts to obtain better rates.

Data 36

Data Technology Payments 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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