Abrigo

FEBRUARY 14, 2024

Planning for the unexpected is part of any good plan. Prepare for unexpected changes in your AML staffing plan, making your plans a little more "disaster" proof. You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents.

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Training Fraud Compliance Regulation 195

Payments Dive

FEBRUARY 14, 2024

Sen. Dick Durbin, sponsor of a card network competition bill, urged the CEOs of Visa and Mastercard to appear at an April congressional hearing and not send their underlings.

Cards 259

Cards 259

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. You might also like this podcast, "How to sleep easier at night about your capital and risk levels." LISTEN Takeaway 1 Effective CRE risk management involves adapting to changing market fundamentals to avoid excessive loan losses.

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Risk Management Management Lending Capital 195

Payments Dive

FEBRUARY 14, 2024

The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.

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ATM Bitcoin Operations 430

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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CFPB Monitor

FEBRUARY 14, 2024

The American Bankers Association (ABA) has issued a new white paper , “Effective Agency Guidance: Examining Bank Regulators’ Guidance Practices,” that is intended to help agencies issue guidance that complies with legal requirements while providing useful advice and information to regulated entities. The ABA also sent letters to the FDIC and CFPB in which the white paper serves as the foundation for comments on recently-issued guidance that the ABA believes would benefit from public input.

Regulation 158

Regulation FDIC 158

CFPB Monitor

FEBRUARY 14, 2024

The Federal Financial Institutions Examination Council (FFIEC) recently issued a statement of principles related to valuation discrimination and bias for member entities to consider in their consumer compliance and safety and soundness examinations. The member entities of the FFIEC are the Comptroller of the Currency, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, Federal Reserve Board, National Credit Union Administration and the FFIEC State Liaison Committee.

Compliance 97

Compliance National Lending 97

BankUnderground

FEBRUARY 14, 2024

Josh Martin The Monetary Policy Committee has recently looked at wage growth as an important indicator of inflation persistence. One way that wages matter for price inflation is as a cost for businesses, who may raise their prices in response to higher wages. For this channel, the wage measure needs to reflect the coverage and composition of the Consumer Prices Index (CPI).

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National Industry Policies Data 80

CFPB Monitor

FEBRUARY 14, 2024

On April 9, 2024, the Senate Judiciary Committee will hold a hearing on credit card competition. Senator Dick Durbin (D-IL) requested testimony at the hearing from the following Chief Executive Officers who have publicly opposed his Credit Card Competition Act: Ryan McInerney ( Visa ), Michael Miebach ( Mastercard ), Scott Kirby ( United Airlines ), and Robert Isom ( American Airlines ).

Cards 78

Cards 78

American Banker

FEBRUARY 14, 2024

Like the three regional banks that failed last spring, New York Community grew quickly over a short period of time. One analyst said there's now "permanent damage" to the "investor psyche around growth banks.

New York 81

New York Community Regional Risk Management 81

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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

CFPB Monitor

FEBRUARY 14, 2024

On February 8, the Federal Communications Commission (FCC) finalized its plan to ban robocalls that feature voices generated by artificial intelligence, aiming to stem the tide of AI-generated scams and misinformation campaigns. The FCC’s declaratory ruling formalized its position that the Telephone Consumer Protection Act (TCPA)—specifically, the provision prohibiting the initiation of calls “using an artificial prerecorded voice to deliver a message without the prior express consent of th

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The Paypers

FEBRUARY 14, 2024

The National Payments Corporation of India has launched a new initiative to implement a real-time payment link between India and the US.

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US Payments National 91

CFPB Monitor

FEBRUARY 14, 2024

The Federal Trade Commission (“FTC”) recently entered into proposed stipulations with a group of student loan debt relief providers to resolve allegations that the group conducted deceptive marketing and sales practices in collecting over $8 million in “junk fees” for nonexistent debt relief services. Last August, the FTC filed a complaint against Express Enrollment LLC (d/b/a SLFD Processing), Intercontinental Solutions LLC (d/b/a Apex Doc Processing LLC), and their operators Marco Manzi, Ivan

Groups 78

Groups Industry Operations Marketing 78

American Banker

FEBRUARY 14, 2024

The $4.4 billion-asset institution's 30-second commercial on Sunday sought to promote the idea of financial wellness as integral to "not-for-profit" banking and boost new member growth.

Marketing 78

Marketing Technology 78

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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

FEBRUARY 14, 2024

HSBC is teaming with Google Cloud to provide financing to climate-mitigating companies on the cloud provider’s network. Google Cloud will connect the companies with HSBC’s climate tech finance team to explore venture debt financing options, according to a Feb. 8 release.

Google 66

Google Company 66

American Banker

FEBRUARY 14, 2024

In all, the Denver-based bank plans to sell nine branches to two buyers as part of a decision to exit the state and invest more in technology and other markets where "it has the greatest growth potential.

Montana 78

Montana Denver Technology Marketing 78

BankInovation

FEBRUARY 14, 2024

Financial institutions are identifying uses for AI throughout their operations, creating increased demand for data scientists in the financial services industry. “We’re seeing a rapid push into the hiring of data scientists,” Kevin Green, chief product and marketing officer at software development company Truent, told Bank Automation News.

Software 61

Software Data Operations Industry 61

American Banker

FEBRUARY 14, 2024

The global debt crisis requires sustained attention from leaders and institutions in the U.S. Failure to address it will doom untold millions of people to suffering.

Policies 74

Policies 74

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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

Realwired Appraisal Management Blog

FEBRUARY 14, 2024

Gautama Buddha nails our valuation space’s biggest challenge… “There are two mistakes one can make along the road to truth…not going all the way and not starting.” Successful fee and bank appraisers put client expectations as their north star for all their investment in technology and processes.

Technology 59

Technology 59

American Banker

FEBRUARY 14, 2024

New regulations involving cryptocurrency and the results of key elections will impact the industry's success this year.

cryptocurrency 83

cryptocurrency Regulation Industry Cyber Security 83

ABA Community Banking

FEBRUARY 14, 2024

There’s a wide range of flexibility among the core providers and the platforms they offer. Here's how to understand options. The post Stretching the limits on core capability appeared first on ABA Banking Journal.

How To 52

How To Community Bank Community Innovation 52

American Banker

FEBRUARY 14, 2024

The major U.S. card networks are pursuing financial inclusion in Egypt, the Reserve Bank of India works to bring central bank digital currencies to more users, and other news in this week's global roundup.

Cards 66

Cards cryptocurrency Compliance Regulation 66

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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

FEBRUARY 14, 2024

US-based card issuing platform for Embedded Finance solutions Marqeta has announced its latest customer, Internet Travel Solutions (ITS), a provider of travel management software.

Software 45

Software US Cards Management 45

American Banker

FEBRUARY 14, 2024

Pam Habner, head of U.S. branded cards and lending at Citi, talks about what drew her to financial services and how to keep women in the game.

Lending 74

Lending Branding Cards How To 74

The Paypers

FEBRUARY 14, 2024

Fintech company Mynt has announced a strategic partnership with Visa , aiming to increase access to its embedded card solution for small and medium-sized businesses (SMEs).

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Fintech Cards Company 45

American Banker

FEBRUARY 14, 2024

Federal Reserve Vice Chair for Supervision Michael Barr Wednesday downplayed the significance of recent turmoil at New York Community Bank, noting that liquidity and stability in the banking system is in "much better shape than it was last spring.

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New York Community Bank Community System 50

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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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