Fri.Oct 08, 2021

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Optimize Your Financial Institution’s Loan Review Process – Video

Abrigo

How to Get the Most from the Loan Review Function Independent loan review works best when it has a charter and reports up to auditing. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox? Takeaway 1 Loan review or credit risk review is a significant risk management function. . Takeaway 2 A charter for your institution's loan review process helps ensure its independence. .

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How to improve banking customer experience with right mix of digital tools, personal touch

ATM Marketplace

Even with digital tools, one of the most important parts of any client experience is complementing online offerings with a personal touch. As financial institutions look to enhance their client care approach, there are simple strategies to ensure you are implementing the right mix of tools to improve the customer experience.

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Aussie fintechs rake in more than $621M in funding

BankInovation

Australian fintechs were the darlings of this week’s funding rounds, with three fintechs bringing in more than $621 million. Here is Bank Automation News’ funding roundup for the week ended Oct. 8. BNPL Openpay raises $271.4 million Openpay led the charge, raising $271.4 million debt funding from the Goldman Sachs Group and investment firm Atalaya Capital […].

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2021 ATM and Self-service Software Trends and Analysis

ATM Marketplace

For the 14th consecutive year, ATM Marketplace and KAL ATM Software have partnered to publish the ATM industry's most influential and insightful annual guide, "ATM and Self-service Software Trends and Analysis.

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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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Bank of America: Risks, huge potential in cryptocurrency

BankInovation

Before diving into cryptocurrency, Bank of America is dipping a toe in the water with an assessment by its own study group, which this week released its "first inning" of findings that noted the potential risks and gains on the horizon. The report's title, "Digital Assets Primer: Only the first inning," alludes to the still-nascent […].

More Trending

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Wall Street could get four Bitcoin futures ETFs by end of month

BankInovation

After years of waiting for a U.S. Bitcoin ETF, the crypto community may finally get as many as four products in a matter of weeks. This month, the Securities and Exchange Commission once again has to approve, reject or delay a set of applications for exchange-traded funds based on the largest digital currency. This time […].

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Chatbots offer advice without judgment. Low-income people are noticing.

American Banker

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Moneyhub launches new saving and investing features on its platform

The Paypers

Open finance platform MoneyHub has launched Challenges and Sweeping features for consumers to set financial goals and optimise their money.

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One bank’s response to climate change: Financing condo retrofits

American Banker

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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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What risks does Evergrande pose for China's banking sector?

The Banker

As the debt-laden Chinese developer stands on the brink of collapse, the fallout poses risks across the financial system.

System 36
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Oportun pulls bank charter application, says it plans to refile

American Banker

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Central Bank of Brazil postpones Open Banking governance definition to 2022

The Paypers

The Central Bank of Brazil has postponed to June of 2022 the deadline for Open Banking participants to define their definitive governance structure.

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Will massive outage set back Facebook's payments plans?

American Banker

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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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ICICI Bank launches contactless payment solution on iMobile Pay

The Paypers

India-based ICICI Bank has announced the launch of a new payment feature through its banking app, enabling customers to pay at POS machines or merchant outlets with their mobile phones.

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Direct loans from SBA are no threat to private lenders

American Banker

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New Zealand's Ministry of Justice assesses AML/CFT regulation and calls for changes

The Paypers

The government of New Zealand has announced its statutory review will release information about how the AML/CFT act has performed since it’s commencement and whether any changes are necessary.

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California cracks down on nonbanks that charge overdraft fees

American Banker

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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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LoginID gets grant to develop authentication for Algorand's platform

The Paypers

US-based LoginID has received funds from the Algorand Foundation to modify the formers authentication APIs and SDKs for use within the Algorand blockchain ecosystem.

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Capital Credit Union in Wisconsin names new CEO

American Banker

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Standard Bank launches EasyScan mobile payments for Pick n Pay shoppers in South Africa

The Paypers

South Africa-based Standard Bank and Pick n Pay have announced EasyScan, a new service that lets PnP customers pay for their shopping using the bank’s app.

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JPMorgan joins Net-Zero Banking Alliance with emissions pledge

American Banker

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Mastercard brings Apple Pay to consumers in Qatar

The Paypers

Mastercard has offered its cardholders in Qatar a mobile payment solution to help customers avoid handing their payment card to someone else and handling cash.

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Two dozen banks sidestep Texas law punishing gun, oil policies

American Banker

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Microsoft set to roll out financial services cloud

The Paypers

Microsoft has announced it will launch a financial services-specific cloud offering on 1 November 2021, with Virgin Money UK becoming one of its early users.

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Unlocking Digital Transformation Through Business Alignment

Digital Growth Institute

“As financial institutions, it really is our responsibility just to be excellent providers, sound guides, just good stewards with the trust these customers are giving us.” --Corey LeBlanc.

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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