Fri.Apr 02, 2021

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

Background: The five federal financial regulatory agencies are gathering insight on financial institutions’ use of artificial intelligence (AI) and machine learning (ML). The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the.

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Scaling the Cloud through a Well-Designed COE

Accenture

In my previous post in this ongoing series of blogs on the journey to cloud, I looked at how your organisation can start off on the right foot with cloud architecture. With the architecture defined and in place, one of the key next steps is to set up a cloud centre of excellence (COE) to…. The post Scaling the Cloud through a Well-Designed COE appeared first on Accenture Banking Blog.

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US Consumers ‘More Adventurous’ When Switching Banks

Banking Exchange

National and global banks prove popular as consumers reassess their banking partners post-pandemic, according to research Retail Banking Financial Trends Feature Lines of Business Feature3 Customers Online Community Banking PPP Covid19.

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What Makes Our Credit Tracker A Clear Favourite? Find Out From These Reviews

BankBazaar

Wondering what makes our credit tracker a clear favourite among customers? Well, read on as they describe their experiences in their own words! . Over the past few years, Credit Scores and credit reports have become very important parts of modern finance. Today’s customers want to be in the thick of things and yearn for useful insights into their credit history, portfolio and much more.

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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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Trio of Banks Announce Branch Network Expansions

Banking Exchange

The three lenders join a small number of regional banks announcing partnerships to open new branches in their local communities Community Banking Feature3 Feature Branch Technology/ATMs Bank Performance.

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Listen: How process mining supports automation

BankInovation

It’s a maxim of automation that banks should automate the process they want, not necessarily the process they have; another maxim is that, too often, this doesn’t happen. “If you are automating bad processes, or processes that are broken, all you're doing is making a broken process,” Alex Day, senior vice president at process management […].

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Virtually fraud-proof: Grow a virtual card program

ATM Marketplace

Kristin Cardinali is vice president of regional sales at Nvoicepay, a Fleetcor company. With over 16 years of experience working with companies like Capital One, Billtrust, and now Nvoicepay, she delivers scalable payment solutions to mid-market and enterprise companies. Cardinali shares wher thoughts on virtual card programs.

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April Acquisitions: Vystar CU, High Point, Pacific Western

Banking Exchange

The end of Q1 and start of Q2 has brought a flurry of activity in banking M&A Management Feature M&A Financial Trends Feature3.

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Weekly Wrap: Bite-sized Automation at Wells Fargo and Ally

BankInovation

Automating end-to-end processes can be a big bite to chew off. This week, Bank Automation News explored best-practice conversations with leaders at Wells Fargo and Ally, who think of automation in smaller pieces — individual building blocks, like Legos, that when put together can create something larger and more significant. BAN’s look at automation best […].

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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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Best Health Insurance Options for College Students

MyBankTracker

Paying for college in the United States is outrageously expensive on its own. However, there’s another cost most soon-to-be college students don’t think much about. That’s health insurance. As a child, chances are students were on their parents’ policies. As a college student, things could change depending on their situation.

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Leading regulatory agencies seek information about AI in financial services

BankInovation

The Office of the Comptroller of the Currency and the Federal Reserve Board are among five federal financial regulatory agencies seeking input on how financial institutions use artificial intelligence (AI) and machine learning, and what risks might be related to these technologies. The Federal Reserve and OCC together with the Federal Deposit Insurance Corporation (FDIC), […].

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Banks can Declare 30% Dividend at most for its Shareholders

FluentBanking

Bangladesh Bank has issued a circular in this connection saying the arrangement guidelines were pronounced to strengthen the capital structure in the financial area considering the continuous Covid-19 circumstance. "The banks will have to follow the regulations while declaring dividend for the investors considering their return and banks' financial capacity," Bangladesh Bank also said in the circular.

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Hardin County Bank Offers Kasasa Products In AL, MS, and TN

BankDeals

The Hardin County Bank offers its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Saver accounts to residents of AL, MS, and TN through online application.

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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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VanEck reveals crypto product with Ethereum ETN

The Paypers

The asset manager VanEck has announced listing the VanEck Vectors Ethereum ETN on the Germany-based stock exchange Xetra.

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How Can Financial Institutions Cure ‘Innovation Theater’?

The Financial Brand

Real innovation improves the bottom line but too often labs turn into showpieces to wow shareholders, investors and the media. The post How Can Financial Institutions Cure ‘Innovation Theater’? appeared first on The Financial Brand.

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Univest Banks expands its partnership with Jack Henry

The Paypers

Univest Bank has expanded its partnership with Jack Henry to include a full suite of digital offerings.

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Big-bank fintech dollars, payday lending's future, refi slowdown: Top stories of the week

American Banker

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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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La Banque Postale partners with Ebury

The Paypers

La Banque Postale has partnered with the fintech Ebury to offer its SME customers an Open Banking solution to support their international activities.

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ICBA renews call for congressional hearings on credit union-bank deals

American Banker

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Avianca appoints CellPoint Digital for ambitious payment orchestration project

The Paypers

Commercial airline Avianca has partnered with CellPoint Digital to improve customer experience when purchasing services and optimising payments across their entire global operation.

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CFPB rescinds seven policy statements providing regulatory flexibility during pandemic

CFPB Monitor

The CFPB has rescinded seven policy statements issued from March 26 through June 3, 2020 that were intended to provide flexibility to financial institutions in meeting certain compliance requirements during the pandemic. (The Bureau’s press release announcing the rescission of the seven policy statements also announced that the Bureau was rescinding its 2018 bulletin on supervisory communications and replacing it with a new bulletin.

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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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OLB Group offers QR code transactions at the POS

The Paypers

US-based fintech OLB Group has announced that merchants that utilise its OmniSoft cloud-based business management platform or SecurePay payment gateway can now offer customers QR code transactions at the POS.

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Digital Alliance, QIWI Group launch SoftPOS-based payments acceptance solution

The Paypers

Sweden-based fintech Digital Alliance and QIWI Group , a Russia-based provider of payment services, have launched a payments acceptance solution based on SoftPOS technology.

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Deutsche Bank launches green deposits programmer for its corporate clients

The Paypers

Deutsche Bank has launched a green deposits programme – a cash management solution for corporate clients in the form of term deposits for under 12 months.

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EQUOS expands its stablecoin offering by listing Tether

The Paypers

EQUOS , Diginex ’s institutional-grade cryptocurrency exchange, has expanded its stablecoin offering by listing Tether (USDT).

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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.