Payments Dive
OCTOBER 24, 2023
A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.
CFPB Monitor
OCTOBER 24, 2023
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) is scheduled to host a public hearing on Wednesday, November 1, 2023. The upcoming hearing on appraisal bias will focus on how residential appraisals are developed and reviewed, the process for reconsiderations of value, and processes for conducting appraisals in rural areas.
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Payments Dive
OCTOBER 24, 2023
Despite the declining use of physical currency and ATMs across the country, “cash remains an integral part of the player experience,” Atleos Chief Operating Officer Stuart Mackinnon said in a Monday press release.
TheGuardian
OCTOBER 24, 2023
Bonus cap to end on 31 October, a move condemned by unions as an ‘insult to working people’ The UK’s financial regulators have formally scrapped the banker bonus cap, removing one of the key reforms introduced by the EU in the wake of the 2008 financial crisis. The Bank of England and Financial Conduct Authority (FCA) confirmed that the cap would disappear on 31 October, nearly a year after Liz Truss’s short-lived government first revealed plans to ditch the rules in a bid to attract more invest
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.
Payments Dive
OCTOBER 24, 2023
By increasing the number of retailers accepting walk-in bill payment, the two companies seek to better serve consumers who prefer to use cash.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Commercial Lending USA
OCTOBER 24, 2023
Commеrcial construction projеcts, whеthеr it's building a nеw officе complеx, rеnovating a rеtail spacе, еxpanding an industrial facility oftеn rеquirеs substantial financial rеsourcеs.
CFPB Monitor
OCTOBER 24, 2023
The U.S. Supreme Court recently granted certiorari to hear the Second Circuit case of Cantero et al. v. Bank of America, N.A. , involving National Bank Act (NBA) preemption of New York’s law requiring that interest be paid to consumers on mortgage escrow account funds. The decision would address a split between the Second and Ninth Circuits on the topic of NBA preemption of state “interest-on-escrow” laws.
American Banker
OCTOBER 24, 2023
The National Credit Union Administration says it cannot provide deposit insurance for accounts covered under the $165 billion-asset institution's agreement to offer financial services to members of the military serving abroad. The credit union accuses the regulator of undermining its mission.
ATM Marketplace
OCTOBER 24, 2023
Customers hate fees at ATMs, and fees are continuing to rise. Are surcharge-free ATMs the way of the future?
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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
American Banker
OCTOBER 24, 2023
The card network integrated its data-sharing technology into products from Zip, FIS and JPMorgan Chase as potential regulations loom on the horizon.
ATM Marketplace
OCTOBER 24, 2023
The rise of linked technologies, from 5G and upcoming 6G networks to AI and the Internet of Things, is rapidly transforming the linked destinies of automation and self-service.
American Banker
OCTOBER 24, 2023
American Banker's latest innovation report found that strategic corporate transactions are important for most banks but offer distinctive challenges. Fintech acquisitions give banks maximum control but can be hard to integrate if the buyers don't approach the process thoughtfully.
BankInovation
OCTOBER 24, 2023
Alliant Credit Union is investing in digital capabilities, including an effort to launch real-time payments next year. The Chicago-based credit union will join 351 banks and credit unions that are already RTP-enabled, up 32% year over year from 265 in July 2022, according to The Clearing House website.
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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
TheGuardian
OCTOBER 24, 2023
Third-quarter profits down 4% on a year ago and growth in net interest income from UK retail business stalls Barclays is drawing up fresh cost-cutting plans after a slowdown across its investment bank and concerns over a rise in customer defaults led to a slight drop in third-quarter profits. The lender also saw growth in net interest income from its UK retail business stall, suggesting it was no longer benefiting from a gap between what it charges for mortgages and what it pays out to savers.
BankInovation
OCTOBER 24, 2023
Barclays PLC is looking to reduce its expenses to provide more returns to shareholders while increasing investment in technology. Despite that, the $1.9 trillion bank saw its total operating expenses increase 2% year over year to $4.
American Banker
OCTOBER 24, 2023
The credit-card issuer is tightening its lending standards and bracing for the potential effects of a cap on card late fees. Charge-offs are rising, but company executives say that customers are showing surprising strength.
The Paypers
OCTOBER 24, 2023
Real-time global payments provider Nium has announced the launch of Global FX, a product that aims to enable guaranteed and competitive FX rates.
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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.
American Banker
OCTOBER 24, 2023
The Southeast regional bank plans to use the deal's sizable proceeds to pay down wholesale borrowings and restructure its securities portfolio. Numerous banks have made similar moves in recent months.
The Paypers
OCTOBER 24, 2023
US-based Fiserv has announced its partnership with B2B payments platform Melio in order to improve the manner in which financial institutions meet the payment needs of SMBs.
American Banker
OCTOBER 24, 2023
The Consumer Financial Protection Bureau's mission is important. That's why Congress needs to have stricter oversight of its actions.
The Paypers
OCTOBER 24, 2023
Lithuania-based regtech AMLYZE has formed a strategic partnership with identity verification service provider Shufti Pro to enhance its anti-financial crime solutions.
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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.
American Banker
OCTOBER 24, 2023
The bipartisan proposal aims to save consumers money by forcing more competition in the lucrative credit card payments processing business. If enacted, it would result in "unbelievable" consumer backlash from its effect on rewards programs, Delta Chief Executive Officer Ed Bastian said.
The Paypers
OCTOBER 24, 2023
Open Finance platform Belvo has announced its partnership with Colombia-based company MOVii in order to fight digital payments fraud in the region.
American Banker
OCTOBER 24, 2023
The final Community Reinvestment Act rule notably expands the definition of "large" banks to include banks with at least $2 billion of assets, requiring more banks to comply with the updated rules. That expanded scope is a feature, not a bug.
The Paypers
OCTOBER 24, 2023
Global spend management solution Payhawk has partnered with Wise Platform to offer enhanced global payments to its international customer base.
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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.
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