Payments Dive
MAY 10, 2022
The firm controlled by the card companies has drafted a new contactless technology standard and it's seeking public comment on the specifications. Their plan is to implement a change by yearend.
Abrigo
MAY 10, 2022
Strategies for being a better SAR writer With the volume of SARs law enforcement have to sift through, what can a BSA officer do to stand out? Here are a few techniques that should help. Would you like other articles like this in your inbox? Takeaway 1 You work hard on SARs so make sure you are filling them out fully to get the attention of law enforcement.
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Payments Dive
MAY 10, 2022
The technology company, which currently partners with convenience stores, cafeterias, hospitals and sports arenas, said it will use the investment to build out its team, quicken expansion and scale globally.
Accenture
MAY 10, 2022
The Open Banking wave is picking up speed in Canada. The Advisory Committee on Open Banking, in its final report, said an Open Banking system is achievable for the country by January 2023, and the government is moving to make that a reality with its recent announcement of an Open Banking lead. The transition of…. The post Four ways Canadian banks can prep for Open Banking appeared first on Accenture Banking Blog.
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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
Payments Dive
MAY 10, 2022
Compensation for Michael Miebach, who was the card company's chief product officer and president before he became CEO last year, climbed 75% to $16.1 million for 2021 after he took Mastercard's top post.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jack Henry
MAY 10, 2022
Today’s community banks and credit unions face unprecedented challenges in trying to compete with megabanks and bigtechs. To survive and thrive in today’s competitive market, it’s essential to offer accountholders innovative technology solutions without losing the relationship-based service you are known for.
Cisco
MAY 10, 2022
We’re ALL IN at Cisco Live 2022. We’re excited for the in-person creative experiences, impactful speakers, and thought-provoking sessions June 12-16, 2022 in Las Vegas. Join us for our thousands of engaging business and technology sessions. Cisco Live delivers education and inspiration to technology innovators worldwide through large-scale in-person and digital events, as well as on-demand education.
ATM Marketplace
MAY 10, 2022
Recently, I did a series of stories that reviewed Bitcoin ATMs, specifically what the experience of buying bitcoin at these devices was like; however, I had not attempted to sell bitcoin at these machines, so I decided to try that out and review how the experience went.
BankInovation
MAY 10, 2022
Automation fintech Open Lending’s certified loan volume increased for the sixth consecutive quarter in Q1 as the automation fintech grew its credit union and bank line businesses, expanded its refinance channel partnerships, and extended its indirect lending limits. Total certified loans, or “certs,” in Q1 increased 32% year over year and 3% sequentially to 43,944 […].
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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
CFPB Monitor
MAY 10, 2022
The Eighth Circuit reiterated in a decision last month that trial courts must distinguish between FCRA plaintiffs who have suffered concrete harm and plaintiffs who merely seek to collect statutorily allowed damages as a way to ensure compliance with the law. Under the Supreme Court’s decision in Spokeo , the former have Article III standing to assert FCRA claims but the latter do not.
BankInovation
MAY 10, 2022
Twenty-four banks, including Bank of America, JPMorgan and Wells Fargo, are part of a pilot project for immediate cross-border (IXB) payments in dollars and euros. The IXB pilot project involves U.S.-based The Clearing House’s (TCH) real-time payments (RTP) network, global messaging service SWIFT and the European EBA Clearing, which provides a real-time pan-European payment infrastructure, […].
CFPB Monitor
MAY 10, 2022
The CFPB and the FTC recently filed an amicus brief in an appeal to the Second Circuit, arguing that the Court should reject the District Court’s “unduly narrow” interpretation of the FCRA requirement that consumer reporting agencies (CRAs) follow reasonable procedures to assure accuracy of information included in consumer reports. In Sessa v. Trans Union, LLC , Plaintiff-Appellant brought a putative class action alleging that TransUnion reported she owed a “balloon payment” on a vehicle lease,
BankInovation
MAY 10, 2022
PenFed owes its multibillion-dollar growth in annual origination assets to a sweeping automation overhaul. The McLean, Va.-based credit union has automated much of its front- and back-end business processes, including origination platforms, decisioning and modelling capabilities, and credit-processing functions. And these technology overhauls were not just for show.
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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.
CFPB Monitor
MAY 10, 2022
The CFPB has issued a new advisory opinion “to affirm that the Equal Credit Opportunity Act (ECOA) and Regulation B protect those actively seeking credit and those who sought and received credit.”. The ECOA defines an “applicant” to mean “any person who applies to a creditor directly for an extension, renewal, or continuation of credit, or applies to a creditor indirectly by use of an existing credit plan for an amount exceeding a previously established credit limit.” 15 U.S.C. 1691a(b).
BankInovation
MAY 10, 2022
Jack Henry Associates (JHA) becomes the fourth core provider to partner with Bitcoin fintech NYDIG, the vendors announced today. NYDIG allows banking customers to buy, hold and sell — but not spend — Bitcoin. Monett, Mo.-based Jack Henry — the second-largest core provider in the U.S. with 18.5% marketshare, according to data firm FI Navigator […].
CFPB Monitor
MAY 10, 2022
The Fifth Circuit held oral argument yesterday in the appeal filed by the trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule (2017 Rule). Click here for the recording of the oral argument. The trade groups have appealed from the district court’s final judgment granting the CFPB’s summary judgment motion and staying the compliance date for the payment provisions until 286 days after August 31, 2021 (which would have been un
The Paypers
MAY 10, 2022
Global fintech platform Adyen has extended its partnership with Australia-based Buy Now, Pay Later (BNPL) company Afterpay.
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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.
CB Insights
MAY 10, 2022
Amberdata , a digital asset data provider, has raised $30M in a Series B. The round drew participation from Coinbase, Nasdaq Ventures, Aspenwood Ventures, Knollwood Investment Advisory, Chicago Trading Company, and Citigroup, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class=&
The Paypers
MAY 10, 2022
Yapily has signed an agreement with Germany-based credit bureau SCHUFA to acquire finAPI, a provider of Open Banking solutions in Germany.
The Banker
MAY 10, 2022
The return of rampant inflation and geopolitics resembles a rerun of a shoddy 1970s B-movie. It certainly has regulators worried, and should concern global bank CEOs as well. By Justin Pugsley.
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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.
The Paypers
MAY 10, 2022
Global ecommerce platform Amazon has announced it will shut down operations on Selz , a company that it bought in early 2021 to compete with Shopify , amid claims it is focusing on its in-house Buy with Prime programme.
The Paypers
MAY 10, 2022
Carbon credit settlement platform Carbonplace has announced the successful pilot transfer of carbon credits through its system in collaboration with global payments technology company Visa.
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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.
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