Payments Dive

SEPTEMBER 13, 2023

Fed officials are on a campaign to increase adoption of the new instant payments system, noting it may have implications for other Fed services.

System 418

System Payments 418

CFPB Monitor

SEPTEMBER 13, 2023

Last week, three farm credit trade associations filed the latest in a series of unopposed emergency motions for leave to intervene in the Texas case challenging the Consumer Financial Protection Bureau’s (“CFPB”) final small business lending rule implementing Section 1071 of the Dodd-Frank Act (Rule). The intervenors – the Farm Credit Council, Texas Farm Credit, and Capital Farm Credit (collectively, “Farm Credit Intervenors”) – argue that the Rule imposes substantial burdens on agricultural len

Texas 147

Texas Lending Capital 147

Payments Dive

SEPTEMBER 13, 2023

Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.

Retail 243

Retail Fraud Cards Report 243

TheGuardian

SEPTEMBER 13, 2023

Thinktank says replacements for European Investment Bank have backed ‘fewer, smaller and lower-risk projects’ New public sector lenders created by the government since Brexit are investing two-thirds less than the UK was receiving from the EU’s European Investment Bank, a new report finds. Over more than four decades, the EIB backed UK projects ranging from the Channel tunnel and the Manchester Metrolink to offshore windfarms and upgrading the National Grid.

National 112

National Report Policies 112

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.

US

Payments Dive

SEPTEMBER 13, 2023

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

Regulation 243

Regulation Company 243

CFPB Monitor

SEPTEMBER 13, 2023

The Consumer Bankers Association (“CBA”) recently published a letter it sent to the CFPB describing the information that banks typically use for identity verification and fraud prevention and addressing the impact of subjecting such information to the requirements of the Fair Credit Reporting Act (“FCRA”). The letter is a response to CFPB Director Chopra’s recent remarks detailing proposed changes to the FCRA.

Report 78

Report Fraud 78

ATM Marketplace

SEPTEMBER 13, 2023

Bank of America, Citizens Bank and America's Credit Union all earned awards at the annual BCX Awards.

Customer Experience 106

Customer Experience Innovation America 106

American Banker

SEPTEMBER 13, 2023

A handful of banks concentrated in the Southeast U.S. are facing elevated charge-offs amid the liquidation of Mountain Express Oil. First Horizon Corp., which led a syndicated loan of more than $200 million to the bankrupt company, expects to take a $70 million hit.

Company 85

Company Lending 85

The Paypers

SEPTEMBER 13, 2023

UK-based iProov has partnered with Estonia-based Cybernetica to provide digital signing and authentication solutions to government and financial services organisations.

82

82

Advertisement

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

Lending

American Banker

SEPTEMBER 13, 2023

Any comprehensive overhaul of the Federal Home Loan Bank System will have to navigate a dense thicket of countervailing regulatory and stakeholder priorities.

System 87

System Policies Compliance Regulation 87

BankBazaar

SEPTEMBER 13, 2023

We are happy to bring to you the 6 th edition of the BankBazaar Aspiration Index – our annual study that attempts to understand what are the key aspirations of people and how they change year on year. For the first time since 2020, the All-India Aspiration Index has fallen. It now stands at 85.3, down two points from 2022 (87.3). Given the prevalent economic uncertainties around the world, we expected reports of financial challenges from our respondents.

Study 78

Study Survey Course Report 78

American Banker

SEPTEMBER 13, 2023

The FBI, NSA and CISA highlighted the emerging dangers of AI-powered deepfakes in phishing campaigns and cataloged protections companies can deploy.

Company 81

Company Fraud Technology 81

BankInovation

SEPTEMBER 13, 2023

MGM Resorts International has been saying its hotels and casinos are “operational” following a cyberattack over the weekend that appeared to take down everything from payment systems to sportsbooks. Some of its patrons begged to differ.

Las Vegas 63

Las Vegas System Operations Payments 63

Advertisement

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

Report

American Banker

SEPTEMBER 13, 2023

The bank aims to use new tech to make account-to-account transfers for merchants an easier option than credit cards.

Payments 87

Payments Cards 87

BankInovation

SEPTEMBER 13, 2023

NatWest has selected fintech Icon Payments Framework to modernize its payments capabilities. Icon Payments Framework (IPF) is a low-code, cloud-native platform that allows financial institutions to enhance their payments technology, according to the fintech’s website.

Payments 61

Payments Community Fintech Technology 61

American Banker

SEPTEMBER 13, 2023

Frontline staffers are asking for better pay, internal talent development programs and more flexible work environments.

Seattle 83

Seattle Management 83

BankInovation

SEPTEMBER 13, 2023

NEW YORK — Citizens Bank will launch a virtual assistant, Digital Butler, on its commercial banking app in the next quarter, Jo Wyper, executive vice president of commercial digital operations at Citizens Bank, told Bank Automation News at Finovate Fall 2023.

New York 61

New York Mobile Operations Customer Experience 61

Advertisement

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.

Lending

American Banker

SEPTEMBER 13, 2023

This week in global news, Ant gets bullish on AI, PayPal's stablecoin has a fan in the bitcoin world, and more.

Bitcoin 83

Bitcoin cryptocurrency Payments 83

BankInovation

SEPTEMBER 13, 2023

Barclays, CitiGroup, Truist Financial and Santander announced layoffs this week as they look to cut costs and gain efficiencies. Truist is making “sizable reductions” to its workforce in the coming months to save $300 million in costs, the bank announced at the Barclays Financial Services Conference Monday.

Conference 61

Conference Retail 61

The Paypers

SEPTEMBER 13, 2023

Vanuatu has adopted VANKLIA, a new national digital payment platform to strengthen its digital economy and promote financial inclusion.

National 67

National System Payments 67

American Banker

SEPTEMBER 13, 2023

Lenders either write down portions of soured credits or charge them off altogether to remove them from their balance sheets. Banks also set aside reserves to cover potential future bad loans. This allowance creates a buffer for lenders to absorb losses.

Community Bank 48

Community Bank Industry Community Lending 48

Advertisement

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.

Lending

The Paypers

SEPTEMBER 13, 2023

Canada-based Scotiabank has extended its partnership with financial services provider Chase , a J.P. Morgan subsidiary, to offer advanced banking and merchant services solutions.

48

48

American Banker

SEPTEMBER 13, 2023

Jeff Disterhoft, 56, has left GreenState Credit Union after 24 years as its chief executive.

Iowa 65

Iowa 65

The Paypers

SEPTEMBER 13, 2023

Sweden-based fintech Brite Payments has announced a partnership with digital auction platform Auctionet to provide its users with instant account-to-account (A2A) payments.

Payments 48

Payments Fintech 48

American Banker

SEPTEMBER 13, 2023

Fraser has a plan to reduce the number of management layers at Citi, shrink its workforce, speed up decision-making and give herself more control of the bank's five core businesses. "It's going to make some of our people very uncomfortable," she said.

Management 41

Management 41

Advertisement

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.

Compliance