Fri.Mar 05, 2021

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Error Handling with the Patch function in Canvas Apps

Perficient

Benefits of the Forms control. The Power Apps canvas apps Forms control allows you to spin up a complete form and modify fields shown in almost no time at all. The Forms control also has two properties, OnSuccess and OnFailure. These properties make for very simple error handling because you can easily tell your application what to do after form data is either successfully or unsuccessfully sent to your data source.

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Ignoring open banking can cost firms their competitive edge

Payments Source

Data connectivity is key to adding products and addressing customers, says Flinks' Yves-Gabriel Leboeuf.

Data 153
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Payday: Helping gig and contract workers get paid

ATM Marketplace

The pandemic changed many full-time positions into contract positions or 'gig work.' Many companies needed help to navigate how to streamline payment for contract workers. Craig J. Lewis, founder and CEO of Gig Wage, a fintech payroll platform, helps companies navigate in this new 'gig economy.

Fintech 97
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On the job with … State Street’s automation team

BankInovation

Bank Automation News breaks down automation-specific job postings by the nation’s biggest banks to glean current growth strategies for bank automation. Open job postings at State Street suggest the $277 billion bank holding and financial services company is ramping up its automation plans. The Boston, Mass.-based financial institution is hiring for eight automation-related positions, including […].

Boston 98
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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

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People with disabilities struggle to save. Purple says it has a solution.

American Banker

The fintech will help these consumers set aside money in a tax-advantaged savings account that won’t jeopardize federal benefits tied to income.

Taxes 100

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Credit Suisse winds down $10bn in funds as Greensill bank prepares for insolvency

TheGuardian

Investments in loans linked to ailing supply chain bank closed, adding to fears for British steel industry Credit Suisse is winding down specialist funds worth $10bn (£7.2bn) that were mostly invested in loans linked to Greensill, the crisis-hit supply chain bank. Greensill, which employs 1,000 staff in London and has the former prime minister David Cameron as an adviser, is preparing to file for insolvency and is in talks to sell parts of its business to the US private equity firm Apollo Global

Capital 81
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Weekly Wrap: Bank of America leader talks automation and AI, UiPath Summit takeaways

BankInovation

This week, Bank Automation News explored the intersection of automation and artificial intelligence, diving into the opportunities and challenges they present. BAN spoke with Bank of America’s newly appointed head of digital to discuss the calculus behind prioritization and how AI and automation, in the form of virtual assistant Erica, are driving customer engagement.

America 94
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Bank CEO pay in for a down year

American Banker

The megabanks have cut compensation or held it steady for their top executives. Many regionals are expected to make similar decisions as boards balance the desire to reward strong leadership during the pandemic with lackluster financial performance and public relations concerns.

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Mastercard completes purchase of Nets account-to-account services

Payments Source

European payments technology provider The Nets Group says it has completed the sale of its account-to-account corporate business services to Mastercard.

Groups 80
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The State of Automation in Financial Services 2024 Report

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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Lenders wary as Fed's PPP facility nears deadline

American Banker

A big funding source for the Paycheck Protection Program is set to expire on March 31. Its demise would pinch nonbanks that are originating and buying loans, especially if Congress continues the PPP beyond this month.

Lending 80
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M&S Bank to shut all current accounts and in-store branches

TheGuardian

Customers will have to look for new bank as focus turns to credit cards and other services Marks & Spencer’s banking arm is shutting down its current accounts, forcing customers who hold them to look for a new provider. M&S Bank – which is a joint venture between HSBC and the retailer – says all of its current accounts will close in August, along with its Monthly Saver account.

Retail 74
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Comerica names leader of outreach to nonprofits in Black community

American Banker

The Dallas company has given Summer Faussette, an external affairs executive, the additional role of national African American business development manager, with a special focus on networking with nonprofit organizations.

Dallas 73
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CFPB: Are They Coming to Get You?

Jeff For Banks

A bank trade association CEO asked me a couple of questions while he was researching an op-ed piece. The edited Q&A is below. Q. Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? Author's note: This was probably relating to the late January released statement about the acting director of the CFPB's promise to take aggressive action in response to perceived

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Together Credit Union names first chief diversity officer

American Banker

The St. Louis-based institution is the latest in the industry to create an executive-level position focused on diversity, equity and inclusion.

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How to Choose the Right Enterprise Fraud Solution

FICO

This past year, financial institutions (along with the rest of us), had their world turned upside down. Many institutions had to balance taking the express route to becoming truly digital businesses. Also managing radically different customer behavior and suddenly having a workforce that was predominately working from home. All while still keeping customers safe and secure.

Fraud 52
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Verity, Simplicity and other credit unions name new CEOs

American Banker

The new leaders include some who succeed retiring chief executives retiring and others stepping in after unexpected departures.

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Chubb Insurance Review: Best for High Net Worth Individuals

MyBankTracker

Chubb is the largest publicly traded property and casualty insurance company in the world. The insurer operates in 54 countries providing several lines of insurance products to both individuals and commercial entities. With offices in Zurich, New York, London, Paris, and other locations, the company employs about 31,000 people worldwide. It might be helpful to know that Chubb’s insurance coverage is geared towards high net worth individuals with high-value assets.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Pandemic Spotlights Critical Links Between Childcare and the Economy

ABA Community Banking

Bankers and CDFIs partner with nonprofits to keep childcare businesses open—especially for America’s vulnerable essential workers. The post Pandemic Spotlights Critical Links Between Childcare and the Economy appeared first on ABA Banking Journal.

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Extending PPP, signals from CFPB pick, CRE lenders’ growing fear: Top stories of the week

American Banker

Banks lobby Congress to postpone PPP deadline; Biden’s CFPB nominee puts loan servicers, credit bureaus on notice; commercial real estate lenders worry office workers won’t come back; and more from this week’s most-read stories.

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Atom bank, Credit Kudos to support small businesses

The Paypers

Atom bank has partnered with fintech Credit Kudos with an aim to boost its open data capabilities for business loan affordability assessments and to deliver GBP 1 billion in lending by 2023, according to IBS intelligence.

Lending 53
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Write banking rules that withstand political winds

American Banker

Regulations that merely reflect the beliefs of whoever’s in power undoubtedly get unwound by the next round of leaders. Policies will stand the test of time if they are focused on addressing inequalities in the financial system.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Libertyville Savings Bank Offers Kasasa Products In SE Iowa

BankDeals

Libertyville Savings Bank offers its competitive checking accounts (Kasasa Cash,and Kasasa Cash Back) and Kasasa Saver savings accounts in southeast Iowa.

Iowa 40
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Samsung and Mastercard are integrating fingerprint scanners into credit cards

The Paypers

Samsung Card and Mastercard have announced an integration of fingerprint identification technology in credit cards.

Samsung 53
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Stanbic Kenya to pay dividends after Corona-hit year

Bankelele

Stanbic Kenya bucked the expected trend that banks will by divided-shy after a year of the Covid-19 and became the first bank to announce their full-year 2020 results, and with an unexpected dividend for shareholders. During the year, the bank, part of the largest financial group in Africa, set out to support the resilience of […]. The post Stanbic Kenya to pay dividends after Corona-hit year appeared first on Bankelele.

Trends 36
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Revolut launches Revolut Bank in 10 additional countries

The Paypers

Fintech startup Revolut has found 10 more countries where it can take advantage of its banking licence which allows it to operate in the European Union since late 2018, according to TechCrunch.

Fintech 36
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.