American Banker
JANUARY 8, 2024
The KBW Bank Index posted a strong gain after a government report showed employers added 216,000 jobs in December. The labor market strength bodes well for lenders' credit quality but may delay highly anticipated interest rate cuts that would lower banks' funding costs.
Payments Dive
JANUARY 8, 2024
The card network company is boosting efforts to enforce surcharge rules, with non-compliance potentially resulting in fines up to $1 million, according to one card processor.
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TheGuardian
JANUARY 8, 2024
Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied Ukraine An oligarch who has supplied building materials to the Russian military machine and for construction in occupied areas of Ukraine is being assisted by Morgan Stanley and Allen & Overy in his attempt to gain control of a huge Russian oil asset, the Guardian can reveal.
Payments Dive
JANUARY 8, 2024
The company, which provides payment and software services to the public sector, is seeing increased client interest in digital disbursements such as prepaid debit cards, said Sloane Wright, Tyler’s president of payments.
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.
CFPB Monitor
JANUARY 8, 2024
The CFPB recently issued a rule to adjust maximum penalty amounts under various statutes that it administers. Included among the adjustments are the amounts for the three tiers of civil money penalties that the CFPB may impose for violations of consumer financial protection laws under the Dodd-Frank Act. Specifically, the Dodd-Frank Act initially provided for the following tiers of civil money penalties: For any violation of a law, rule, or final order or condition imposed in writing by the CFPB
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
JANUARY 8, 2024
The Federal Housing Finance Agency (FHFA) recently published a FHFA Insights blog post that cites the underutilization of appraisal time adjustments by appraisers. The FHFA states that “[i]n principle, appraisers can consider price changes that have occurred since the time the [comparable properties used in the appraisal] sold and make adjustments known as market conditions adjustments or time adjustments.
American Banker
JANUARY 8, 2024
Many of the attack vectors, including ransomware and phishing, will likely continue to plague the industry through 2024.
CFPB Monitor
JANUARY 8, 2024
On October 16 of last year, I reported that Eric Halperin, Enforcement Director of the CFPB, announced that the CFPB intended to substantially increase the number of enforcement staff by 50% and to create a 5th litigation team. He explained: “These additional resources will enable us to open more investigations, including matters with significant market impact and against large market actors, consistent with the Bureau’s priorities.
The Paypers
JANUARY 8, 2024
B2B foreign trade financial service provider XTransfer has launched expanded its business to over 200 countries and regions to serve SMEs in cross-border trade.
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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
BankInovation
JANUARY 8, 2024
CaixaBank is deploying AI as a ‘cognitive assistant’ to personalize the bank’s services and streamline back-end processes. The $678 billion CaixaBank developed its own AI-driven assistant that can process direct debit refunds to eliminate the labor-intensive manual task, a spokesperson for the Madrid, Spain-based bank told Bank Automation News.
Jack Henry
JANUARY 8, 2024
Discover how to captivate accountholders and streamline employee efficiency.
BankInovation
JANUARY 8, 2024
Citizens Financial Group’s Citizen Pay is developing a new product offering to further enhance the platform’s ability to facilitate secure transactions as demand for contactless payments and digital wallets continues to tick up for e-commerce.
American Banker
JANUARY 8, 2024
The legislation is the latest step in California's effort to crack down on high-cost small-business loans.
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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
JANUARY 8, 2024
Citizens Financial Group’s Citizens Pay is developing a new product offering to further enhance the platform’s ability to facilitate secure transactions as demand for contactless payments and digital wallets continues to tick up for e-commerce.
American Banker
JANUARY 8, 2024
The Federal Reserve would seem to offer a compelling alternative to the bank-backed RTP network, but some credit unions — which typically see bank systems as competitive threats — are making more nuanced choices.
Commercial Lending USA
JANUARY 8, 2024
We delve into the world of hotel and hospitality business loans, exploring the various facets that business owners should consider.
American Banker
JANUARY 8, 2024
Banks need to mount an aggressive legal response to the onslaught of intrusive new rules being promulgated by their prudential regulators.
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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
JANUARY 8, 2024
Ant Group has announced the closing of its deal to acquire Netherlands-based MultiSafepay for USD 200 million deal-sources, in order to expand into the Western market.
American Banker
JANUARY 8, 2024
With the retirement of Rep. Blaine Luetkemeyer, R-Mo., the number of Congressional representatives with direct banking experience is becoming increasingly rare.
The Paypers
JANUARY 8, 2024
India-based Hitachi Payment Services has completed the purchase of Writer Corporation ’s cash management business and brands it Hitachi Cash Management Services.
American Banker
JANUARY 8, 2024
Bank technologists and fintech leaders who are bringing fresh ideas to life will be considered for this annual award.
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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
JANUARY 8, 2024
Orange Finances Money Mali has teamed up with Terrapay to facilitate Malians to make cross-border payments with the diaspora across the globe.
American Banker
JANUARY 8, 2024
Fintech founders and leaders and those who help them can qualify for this second annual award program.
The Paypers
JANUARY 8, 2024
Singapore-based payment platform for small and medium-sized enterprises (SMEs) HitPay has launched Tap to Pay on iOS devices in Australia, Canada, France, the UK, and the US.
American Banker
JANUARY 8, 2024
Treasury Secretary Janet Yellen said Monday the agency's Financial Crimes Enforcement Network has received over 100,000 entries for its beneficial ownership information registry, and will set additional regulations to address money-laundering risks in real estate transactions early this year.
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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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