Fri.May 17, 2024

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Top 10 Tips for Getting Approved for a Commercial Loan

Commercial Lending USA

One of the largest companies that offers business loans is Commercial Lending USA. You can get money from them to help your business grow and stay ahead of the competition.

Lending 98
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Central banks seek firms for cross-border payment project

Payments Dive

The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.

Payments 195
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Small business clients look to Chase for data insights

BankInovation

Small business clients looking to make data-driven business decisions within their operations don’t always know how to tap into their data, but JPMorgan Chase has created a solution to deliver these insights.

Data 114
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CFPB should reconsider prepaid rule

Payments Dive

The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.

Groups 222
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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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What's the future of ATMs, ITMs?

ATM Marketplace

The future of ATMs lies not as machines that just dispense cash, but rather as multifunctional banking kiosks,

ATM 122

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CFPB's Chopra says bureau will "be firing on all cylinders" after SCOTUS win

American Banker

Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions no longer stymied by a Supreme Court challenge to the agency's constitutionality.

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75% of global banks unprepared for open banking

BankInovation

Most financial institutions are not ready for open banking, but the tedious task of prepping bank platforms can be streamlined with AI. Three-quarters of banks are not operationally ready for open banking, according to the 2024 Digital Banking Experience Report released May 16 by Sopra Banking’s IT services provider, Sopra Steria.

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TAT and Alipay+ launch digital travel innovations

The Paypers

The Tourism Authority of Thailand (TAT) has expanded the partnership with Alipay+ with new developments aimed at enhancing the travel experience in Thailand.

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How Mastercard's using gen AI to combat payment disputes

American Banker

The card network is working with Salesforce to use large language models to be more proactive in how it resolves these interactions.

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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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BVNK integrates PayPal USD stablecoin into payments platform

The Paypers

BVNK , a UK-based payments infrastructure provider, has integrated the stablecoin PayPal USD (PYUSD) into its platform.

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Thanks to Clarence Thomas, the CFPB isn't going anywhere

American Banker

Even the conservative Supreme Court could see through the baseless arguments put forward by opponents of the Consumer Financial Protection Bureau, assuring that the agency will continue to fight to protect American consumers.

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DTCC completes blockchain pilot with Chainlink

The Paypers

The Depository Trust and Clearing Corporation ( DTCC ) has completed a pilot project with blockchain oracle Chainlink and US-based financial institutions.

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American Banker news quiz: May 17

American Banker

In this week's edition of the American Banker news quiz, gauge your understanding of topics like cybersecurity testing, the impact of high interest rates on community banks, FDIC Chairman Martin Gruenberg and more.

FDIC 57
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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Dwolla and Visa augment A2A payments with Open Banking

The Paypers

US-based payments platform Dwolla has partnered with Visa to bring advanced account verification capabilities to the Dwolla’s A2A solution.

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Arizona credit union buying bank to expand in Phoenix

American Banker

Pima Federal Credit Union in Tucson plans to buy Republic Bank of Arizona in a cash transaction slated to close in the second half of this year. It's the ninth deal in 2024 in which a whole bank would sell itself to a credit union.

Arizona 45
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Confida partners with illimity

The Paypers

Italy-based Confida has announced its partnership with illimity in order to launch Pehi, a new capillary proximity network for PA payments via vending machines.

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After loss at Supreme Court, payday lenders vow to keep fighting CFPB

American Banker

The payday loan industry is looking to extend its years-long legal fight with the Consumer Financial Protection Bureau. It's planning to ask a federal appeals court to revisit a ruling that upheld a proposed limit on how often payday lenders can try to pull money from their customers' accounts.

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New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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Payarc partners with Amazon Web Services

The Paypers

US-based Payarc has announced its partnership with Amazon Web Services in order to develop a new payment artificial intelligence platform.

US 53
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Another top NYCB executive hits the road as overhaul continues

American Banker

New York Community Bancorp hasn't said who will replace Chief Operating Officer Julie Signorille-Browne, who is resigning amid a management shake-up.

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Q2 launches Q2 Engage

The Paypers

Q2 has announced the launch of Q2 Engage, a comprehensive portfolio of digital solutions, in order to make customer banking more personal and secure.

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Calls for Ginnie Mae modernization mount after FSOC report

American Banker

A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.

Report 36
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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Layer secures USD 2.3 million in pre-seed investment

The Paypers

Embedded Accounting for SMEs provider Layer has announced that it received USD 2.3 million in pre-seed investment from Better Tomorrow Ventures.

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BNP Paribas' Barbara Nash on her very early start in finance: The Climb

American Banker

Nash, the head of tech, media and telecom coverage, has no intention of ending her four-decade career anytime soon.

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Evervault launches modular payment security platform

The Paypers

Data security company Evervault has announced the launch of its modular payment security platform to provide increased control over the payment stacks of its users.

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Bank regulation package approved by House panel

American Banker

The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.

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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