Payments Dive
NOVEMBER 6, 2023
CFO Luca Maestri said the Cupertino, California-based company’s gains in payments were “very, very important” in order to get users of Apple’s hardware to also start paying for its software.
CFPB Monitor
NOVEMBER 6, 2023
The Federal Trade Commission recently prevailed on summary judgment in a case against Jonathan Braun and his company RCG Advances, LLC. The product at issue, merchant cash advances, generally provide small businesses with critical and timely financing, and there was no dispute that the defendants gave these businesses upfront lump-sums of money in exchange for the right to collect future receivables. .
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Payments Dive
NOVEMBER 6, 2023
As consumer payment expectations continue to transform e-commerce experiences, billers should consider which emerging trends should be adopted.
Ublocal
NOVEMBER 6, 2023
When the Northeastern Vermont Regional Hospital emergency room opened 50 years ago, it was serving about ten patients per day. Over the past five decades health care needs have changed, and the ER now serves an average of 38 patients each day, with some days seeing up to 50 to 60 patients. This dramatic increase in patient visits has caused an enormous strain on the facility and presented daily challenges for its dedicated staff.
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.
TheGuardian
NOVEMBER 6, 2023
Watchdog says it was ‘incorrect’ to suggest Alison Rose breached law by discussing ex-Ukip leader’s banking with journalist The UK’s data watchdog has issued a formal apology to ex-NatWest boss Alison Rose, saying it was “incorrect” to suggest she had breached data protection laws by discussing Nigel Farage’s banking relationship with a BBC journalist.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
NOVEMBER 6, 2023
On November 2, 2023, the Consumer Financial Protection Bureau issued a report on the community reinvestment laws of seven states (Connecticut, Illinois, Massachusetts, New York, Rhode Island, Washington, West Virginia), and the District of Columbia that evaluate the record of state-chartered financial institutions and other lenders in meeting the credit needs in their communities.
American Banker
NOVEMBER 6, 2023
The small businesses that drive the U.S. economy and local economies throughout our nation are being "hung out to dry" by regulators' push for increased capital requirements, according to the head of the Small Business & Entrepreneurship Council.
CFPB Monitor
NOVEMBER 6, 2023
On November 29, 2023, the U.S. Supreme Court will hear oral argument in Jarkesy v. Securities and Exchange Commission , a case in which the respondents are challenging the constitutionality of the SEC’s use of administrative law judges (ALJs). The outcome of the case could have significant implications for the use of ALJs by all federal agencies, including the CFPB, FTC, and federal banking agencies. .
American Banker
NOVEMBER 6, 2023
Longtime customers of Capital One's online banking arm thought they were getting the best possible rate, according to a lawsuit. Little did they realize, they say, that they needed to open a new account in order to benefit from interest rate increases.
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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
TheGuardian
NOVEMBER 6, 2023
Record level of stressed households projected as all but four of 39 economists in survey tip Melbourne Cup Day hike Get our morning and afternoon news emails , free app or daily news podcast Almost half of Australia’s mortgage holders would be in financial stress if the expected Melbourne Cup interest rate rise goes ahead, paying at least 30% of their income to service their loans.
American Banker
NOVEMBER 6, 2023
Many banks tapped the brakes on mergers and acquisitions this year amid economic and regulatory challenges. But executives at banks with a history of dealmaking say conditions could be right for them to return to buying mode next year.
The Paypers
NOVEMBER 6, 2023
US-based crypto solutions company Ripple has become the technology partner for National Bank of Georgia ’s (NBG) digital GEL pilot project.
American Banker
NOVEMBER 6, 2023
More banks are selling their underwater bond portfolios at a loss, crystallizing what were previously losses on paper only. Though the maneuver brings some short-term pain, the banks expect to make the money back over time.
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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
NOVEMBER 6, 2023
Financial institutions are on the hunt for AI talent as AI, machine learning, natural language processing and generative AI continue to gain importance in bank operations. In fact, 99% of bank executives are hiring talent to support generative AI initiatives, according to Google’s New Banking Survey, released in October.
American Banker
NOVEMBER 6, 2023
Months prior to its failure, Citizens Bank in Sac City had entered into a consent order with the Federal Deposit Insurance Corp. and the Iowa Division of Banking due to problems in its portfolio of commercial trucking loans.
BankInovation
NOVEMBER 6, 2023
Deutsche Bank completed the IT migration of financial institution Postbank to its network during the third quarter and has decided to shutter nearly half of Postbank’s branches as clients lean into digital banking.
American Banker
NOVEMBER 6, 2023
NCR Atleos and Diebold Nixdorf are signing deals that grant access to other industries and regions where there's demand for self-serve cash access — with additions such as artificial intelligence and better security.
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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.
BankInovation
NOVEMBER 6, 2023
While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has yet to implement measures laid out in its own information security audits dating back to 2014. At a consumer rights conference Oct.
American Banker
NOVEMBER 6, 2023
From glitches in payment processing to the consequences of compliance failure, banks need to pay attention to a range of significant issues.
The Paypers
NOVEMBER 6, 2023
Hybrid financial platform Arta TechFin has partnered with Chainlink Labs to leverage the latter’s services and deliver fiat-based investment returns to its clients.
American Banker
NOVEMBER 6, 2023
The Federal Trade Commission filed a complaint against finance app Brigit for misleading customers about accessing "up to" $250 in cash advances and making it difficult to cancel their subscriptions.
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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
NOVEMBER 6, 2023
Germany-based IDnow has announced its partnership with IATA in order to demonstrate an integrated digital identity travel solution and optimise passenger experience.
American Banker
NOVEMBER 6, 2023
The Consumer Financial Protection Bureau released a report last week examining state CRA laws that have a more expansive scope and are more tightly integrated in the state licensing process.
The Paypers
NOVEMBER 6, 2023
A newly published research from Travelex has revealed that more than 50% of Australians still rely on cash as a main overseas payment method.
American Banker
NOVEMBER 6, 2023
Goldman, which oversees $267 billion in fee-earning alternative assets, is trying to bring compensation more in line with rival investment firms as it moves toward third-party capital to fund its investing activities instead of relying on its own balance sheet.
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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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