Payments Dive
JUNE 22, 2023
“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.
BankInovation
JUNE 22, 2023
Bank of America’s Amanda Sorensen, senior vice president of the Business Information Security Office, is focused on risk mitigation, staying ahead of cybercriminals and monitoring cyberattacks at the $3.1 trillion bank. The Charlotte, N.C.-based bank announced that it had increased its projected technology spend by $400 million for 2023 to $3.
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Payments Dive
JUNE 22, 2023
Servicemember complaints about digital payment apps surged last year, according to a CFPB report, which also highlighted military families’ susceptibility to payments fraud.
CFPB Monitor
JUNE 22, 2023
The U.S. Court of Appeals for the Ninth Circuit, in a 2-1 decision, recently affirmed the district court’s decision denying the plaintiffs’ motion for a temporary restraining order and preliminary injunction to block enforcement of Nevada Senate Bill 248 (S.B. 248). S.B. 248, which took effect on July 1, 2021, was enacted in response to the COVID-19 pandemic and requires debt collectors to provide written notification to debtors 60 days “before taking any action to collect a medical debt.”.
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.
Payments Dive
JUNE 22, 2023
The shuttering of a Seattle location is the ninth closure this year for Amazon’s automated-checkout convenience store concept.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ABA Community Banking
JUNE 22, 2023
Some bankers would rather get a root canal than do a core conversion. Here’s why others are finding the conversion option attractive. The post Conversion experiences appeared first on ABA Banking Journal.
American Banker
JUNE 22, 2023
In its ongoing quest to diversify beyond bank account data-aggregation, Plaid aims to help fintechs and banks to block fraud by sharing data about stolen consumer identities via a fee-based consortium called Beacon.
The Paypers
JUNE 22, 2023
The International Monetary Fund ( IMF ) has announced it has been working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries.
American Banker
JUNE 22, 2023
Ransomware gang Cl0p is currently threatening 50 companies with releasing data it stole from them late last month.
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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
The Paypers
JUNE 22, 2023
The European Investment Bank has been attacked by pro-Russian hackers in an attempt to disrupt the stability of the Western financial system.
American Banker
JUNE 22, 2023
Through May, there were 32 U.S. bank mergers and acquisitions announced, fewer than half of the 66 deals announced over the same span of 2022. But analysts say higher costs and more regulation could spur consolidation.
Realwired Appraisal Management Blog
JUNE 22, 2023
Now that lender appraisal work pipeline is down to a trickle, appraisers are again eating their young. Panicking, dropping fees to unsustainable levels. Worried about keeping their appraisers and reviewers busy. It’s a normal reaction to a slowdown, but there’s lots of alternatives. Find your energy, motivation and take the time to improve.
American Banker
JUNE 22, 2023
Groups interested in organizing new credit unions are faced with the challenge of raising the required capital without having a charter in hand. The NCUA's new provisional charter could help.
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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
BankInovation
JUNE 22, 2023
It’s no secret to financial institutions that fraud is on the rise. Seventy percent of financial institutions reported losses of over $500,000 to fraud in 2022, according to Alloy’s State of Fraud Benchmark Report.
American Banker
JUNE 22, 2023
As a result of the deleted records, the regulator said that JPMorgan could not come up with requested documents in eight SEC investigations and four other regulatory probes.
The Paypers
JUNE 22, 2023
UK-based LHV Bank has partnered with ecommerce checkout provider Montonio to augment its merchant services with API-driven infrastructure.
American Banker
JUNE 22, 2023
FDIC Chairman Martin Gruenberg announced that regulators will soon issue a proposed rule to finalize U.S. implementation of the most recent revisions to the Basel III capital framework. Among the expected updates are changes to capital requirements for banks with assets of more than $100 billion, three of which failed this spring.
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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.
The Paypers
JUNE 22, 2023
US-based embedded banking software platform Treasury Prime has partnered with Checkout.com to improve enterprise payment solutions.
American Banker
JUNE 22, 2023
Treasury's plan to overhaul the certification process for community development financial institutions will benefit the communities served by those institutions.
The Paypers
JUNE 22, 2023
Core banking platform Tuum has partnered with Marqeta to offer a pre-integrated fintech solution, accelerating Tuum’s customers’ time to market through Marqeta’s open API platform.
American Banker
JUNE 22, 2023
Under guidelines proposed this month, credit unions would see changes in the quality standards for computer-generated appraisal systems, along with when and how financial institutions and consumers can request reconsiderations of value.
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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.
The Paypers
JUNE 22, 2023
Australia-based expense management platform and corporate card provider Cape has selected payments platform Thredd as its payments issuer processor.
American Banker
JUNE 22, 2023
Activist investor Abbott Cooper said he could continue his campaign against the Dallas-based company's management and board even if his candidate falls short in her bid to become a director.
The Paypers
JUNE 22, 2023
Spain-based financial institution CaixaBank has partnered with EPC-approved European Clearing & Settlement Mechanism (CSM) Iberpay to introduce the SEPA Request-to-Pay (SRTP) service in Europe, according to WebWire.
American Banker
JUNE 22, 2023
Private equity shops looking to fill out their 2024 associate classes were forced to do a second round of recruiting this year after initial efforts fell short.
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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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