Tue.Jun 15, 2021

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How Can Banks Deliver Successful Branch Transformation?

ATM Marketplace

Banks are rushing to create better branch experiences in the wake of changing customer expectations post pandemic. But how can they make the transformation successful? Here are a few trends to keep in mind to help with that

Trends 138
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10 ways commercial lenders automate with bots

BankInovation

In pursuit of greater efficiency and cost savings, banks are finding identifying new processes to automate with robot process automation (RPA) bots in the commercial lending space. Commercial lending platform vendor AFS surveyed its banking clients about how they’re using RPA, which provided fodder for a Thursday webinar on the topic. Brenda Alek and Bill […].

Lending 98
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7 tips to make paying your bills easier than ever

Qudos Bank

Most people have been surprised by an unexpected bill before, whether it’s an expensive car repair or a higher-than-expected energy bill during a hot Summer. If you haven’t planned for them, these costs can easily sneak up on you and cause a financial headache.

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Raising Elder Fraud Awareness to Prevent Real Estate Scams

FICO

It’s June, a special month for honoring loved ones, especially parents and grandparents by raising Elder Abuse Awareness. World Elder Abuse Awareness Day is officially June 15th and it’s an ideal time to educate oneself on how to protect elders from becoming victims of financial abuse. All too often, elders today are the targets of residential real estate fraud and scams.

Fraud 98
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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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10 ways commercial lenders automate with bots

BankInovation

In pursuit of greater efficiency and cost savings, banks are finding identifying new processes to automate with robot process automation (RPA) bots in the commercial lending space. Commercial lending platform vendor AFS surveyed its banking clients about how they’re using RPA, which provided fodder for a Thursday webinar on the topic. Brenda Alek and Bill […].

Lending 98

More Trending

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Citizens Bank finalizes document automation in commercial underwriting

BankInovation

Citizens Bank recently finished work on automating parts of its commercial bank underwriting. Vinay Jha, chief data officer at the $176 billion Citizens Bank, said the completed project allows for the importing of data from the financial statements of its commercial borrowers, some of which are in paper form. While the process was “highly manual,” […].

Data 97
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CFPB’s Spring 2021 rulemaking agenda discards Kraninger-era rulemaking plans

CFPB Monitor

The CFPB has published its Spring 2021 rulemaking agenda as part of the Spring 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions. It represents the “new CFPB’s” first rulemaking agenda during the Biden Administration. The agenda’s preamble indicates that the information in the agenda is current as of April 26, 2021 and identifies the regulatory matters that the Bureau “reasonably anticipates having under consideration during the period from May 1, 2021 to April 30, 2021.”.

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Vaccines were not part of AstraZeneca’s grand strategy, so what’s the plan now?

TheGuardian

Having built a big operation during the pandemic it could stick or twist but either way investors will soon want a decision What’s AstraZeneca’s strategy in Covid treatments? In the short term, there is no confusion: the company will continue pumping out vaccine doses, will keep signing partnerships and will try to ignore churlishness in Brussels. The long term, though, is another matter.

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ABA Foundation Releases Infographic on Gaps in Homeownership Rates

ABA Community Banking

As part of American Housing Month, the ABA Foundation today released a new infographic highlighting gaps in homeownership rates, barriers faced by younger generations and communities of color trying to own a home—as well as resources banks offer to overcome those barriers. The post ABA Foundation Releases Infographic on Gaps in Homeownership Rates appeared first on ABA Banking Journal.

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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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Valantic merges with verovis

The Paypers

Germany-based digital solutions company valantic has announced merging with consulting manufacturer verovis for end-to-end digitalisation of financial processes.

Company 57
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FDIC Proposes to Align Real Estate Lending Standards with CBLR

ABA Community Banking

The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community bank leverage ratio, which does not require electing institutions to calculate tier 2 capital or total capital. The post FDIC Proposes to Align Real Estate Lending Standards with CBLR appeared first on ABA Banking Journal.

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NAGA Pay partners with Contis

The Paypers

Germany-based software company NAGA Group has announced partnering with UK-based payment solutions provider Contis to launch the payment platform NAGA Pay.

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Treasury Awards $1.25 Billion in COVID-19 Relief Grants to CDFIs

ABA Community Banking

The Treasury Department today awarded $1.25 billion in COVID-19 relief grants to 863 community development financial institutions through its CDFI Rapid Response Program. The post Treasury Awards $1.25 Billion in COVID-19 Relief Grants to CDFIs appeared first on ABA Banking Journal.

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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.

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Paramount acquires B&B Financial

The Paypers

US-based Paramount has announced it has acquired the assets of B&B Financial Services , an independent ATM deployer.

ATM 56
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FDIC Updates Statement of Policy on MDIs

ABA Community Banking

The FDIC board today voted to approve an update to its policy statement on minority depository institutions. The statement of policy describes the FDIC’s actions to promote the preservation of MDIs and enhance communication between the agency and minority-owned and managed institutions. It also defines program terms for technical assistance, training, education and outreach opportunities. [.].

FDIC 52
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EBANX announces USD 430 million investment from Advent International

The Paypers

Brazil-based cross-border commerce platform EBANX has announced an investment of USD 400 million from Advent International along with USD 30 million to the company's planned IPO in the US.

US 41
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As credit unions resume M&A, bankers renew attacks on tax exemption

American Banker

Taxes 95
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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88 percent of US-based Millennials want to make purchases on chat apps

The Paypers

Clickatell , a mobile communications and chat commerce company, has revealed that 82% of US-based Millennials want to make purchases via chat apps like the ones they use to talk to friends and family.

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Two more regional banks are rethinking overdraft fees

American Banker

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Andreessen Horowitz-Backed Flyhomes Raises $150M To Expand Its Homebuying Platform

CB Insights

Flyhomes , an end-to-end home brokerage company, has raised $150M in a Series C with participation from Norwest Venture Partners, Battery Ventures, Andreessen Horowitz, and Balyasny Asset Management, among others. How’s the company performing? Washington-based Flyhomes provides an end-to-end homebuying platform, from brokerage to mortgage. The company has helped close real estate deals worth $2.6B since its launch in 2016.

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Economic rethink needed to boost China’s growth

The Banker

As China looks to expand its economy following the pandemic, returning to the previous model will not work. Changing demographics and consumer habits require new ways to boost growth.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Digital lender fulfin partners with FintecSystems

The Paypers

Open Banking infrastructure fintech FinTecSystems (FTS) has announced the arrival of working capital platform fulfin on its Open Banking platform.

Capital 44
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PayPal alums build a real-time rail for stablecoins

American Banker

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nexo standards expands scope beyond card-based transactions

The Paypers

Belgium-based association nexo standards , dedicated to providing ISO-based solutions for payment acceptance, has expanded its scope to mobile wallets, instant payments, request-to-pay and QR codes.

Cards 39
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Citi sees no slowdown in True Name card demand

American Banker

Cards 85
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.