Payments Dive

NOVEMBER 13, 2023

The holiday season is often a one-two punch of activity for online retailers: First comes the spike in purchases… and then comes the inevitable returns.

Fraud 195

Fraud Retail Online 195

South State Correspondent

NOVEMBER 13, 2023

Our article last week ( HERE ) discussed the “power of three” marketing rule and how to use it for loan proposals. The rule states that human brains make better decisions when given a small selection of appropriate options but not too many to become confused. One or two options are usually insufficient, and five or more options are too many, but successful banks present three (sometimes four options) that reflect what the lender understands as the borrower’s goals in financing

Tools 195

Tools Online Marketing Community 195

Payments Dive

NOVEMBER 13, 2023

The EU would require big tech companies, like Apple and Google, to offer their customers payment services through the new digital identity wallet if the regulation is approved.

Marketing 396

Marketing Apple Google Regulation 396

Abrigo

NOVEMBER 13, 2023

Streamline your annual review process Which loans need them, what processes to avoid, and how to save time working with borrowers' complex credit needs. Read the 2023 Loan Review Survey results for expert analyses of emerging trends WATCH WEBINAR Takeaway 1 Annual loan review is separate from covenant testing and underwriting, but many banks conflate these processes.

Analysis 195

Analysis Lending System Survey 195

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

NOVEMBER 13, 2023

The new deal will enable Amazon merchants to connect with Facebook and Instagram users.

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410

Payments Dive

NOVEMBER 13, 2023

Fierce competition, persistent losses and regulatory constraints are likely to push some players out of the buy now, pay later market, Moody’s predicted.

Company 284

Company Marketing 284

CFPB Monitor

NOVEMBER 13, 2023

A Nevada federal district court has stayed an action filed by the CFPB to enforce a civil investigative demand (CID) issued to a small-dollar lender pending the U.S. Supreme Court’s decision in Community Financial Services Association of America Ltd. v. CFPB. The issue in CFSA v. CFPB is whether the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.

Nevada 78

Nevada America Community 78

American Banker

NOVEMBER 13, 2023

The bank was recently sued by customers who say they were misled into thinking that their savings accounts were earning competitive rates. Capital One responded with a series of arguments for why the case should be thrown out.

Capital 74

Capital 74

CFPB Monitor

NOVEMBER 13, 2023

In September 2023, the CFPB updated its UDAAP Examination Manual to remove the changes it made in March 2022 which provided that unfair acts or practices encompassed discriminatory conduct, even in circumstances to which federal fair lending laws, such as the Equal Credit Opportunity Act, did not apply. It has been suggested that this update means the CFPB has retreated from its position that discriminatory conduct can be the basis of a UDAAP violation. .

Lending 78

Lending 78

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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

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American Banker

NOVEMBER 13, 2023

Small Business Administration lending is an arena where community banks and nonbanks compete favorably with some of the largest U.S. financial institutions. Here are the biggest SBA 7(a) lenders based on the value of approved loans.

Community Bank 74

Community Bank Lending Community 74

CFPB Monitor

NOVEMBER 13, 2023

On October 24, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). The Final Rule marks the first substantial revision to the CRA regulations in nearly thirty years. .

Community 78

Community Regulation System FDIC 78

American Banker

NOVEMBER 13, 2023

Since the end of the Small Business Administration's 2022 fiscal year, the average loan size in its flagship program has dropped more than six figures. The addition of three new nondepository lenders could further drive down this figure.

Lending 72

Lending 72

The Paypers

NOVEMBER 13, 2023

Xero has launched two new payment features powered by Open Banking and e-invoicing, in order to optimise the way UK-based SMEs manage their cash flow.

Tools 76

Tools Management Payments 76

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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

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American Banker

NOVEMBER 13, 2023

The bank is adding fintech-style buy now/pay later lending to other recent payment upgrades at its merchant acquiring unit.

Lending 85

Lending Fintech Payments 85

BankInovation

NOVEMBER 13, 2023

KeyBank is investing in AI throughout its operations and looking to third-party vendors for coding and compliance assistance. The $190 billion bank is investing in third-party solutions that utilize AI to transform complex code into low-code applications, Robbi Armstrong, vice president and group product manager of conversational AI at KeyBank, told Bank Automation News.

Compliance 61

Compliance Groups Operations Management 61

American Banker

NOVEMBER 13, 2023

At first blush, the deal might provide evidence that the bank doesn't shun the oil and gas industry as the label suggests. In fact, Bank of America has been named by environmental groups as one of the biggest financiers of fossil fuels in the world.

America 68

America Texas Groups Industry 68

BankInovation

NOVEMBER 13, 2023

Financial institutions are using AI to mitigate fraud as fraudsters keep pace with evolving technology.

United States 61

United States Fraud Fintech Technology 61

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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.

Lending

American Banker

NOVEMBER 13, 2023

A recent effort by Citigroup to nudge certain customers toward digital-only statements was well intended but too punitive, observers say. The key, they argue, for banks seeking to cut costs or achieve other goals is to offer incentives to those with ingrained habits.

Industry 62

Industry Digital Banking Technology 62

The Paypers

NOVEMBER 13, 2023

Mastercard has collaborated with Dubai Islamic Bank in order to introduce cross-border payment services through digital channels across multiple countries globally.

Payments 50

Payments 50

American Banker

NOVEMBER 13, 2023

For decades, farmers have relied on futures contracts to hedge their risk. The proposed new capital rules will make it more expensive for them to continue with this vital function.

Capital 54

Capital Policies Compliance Regulation 54

The Paypers

NOVEMBER 13, 2023

Financial Market Infrastructure (FMI) for cross-border settlements RTGS.global has partnered with Alif Bank , Bank Arvand , and Universal Capital Bank to simplify cross-border payments.

Capital 48

Capital Marketing Payments 48

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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.

Lending

American Banker

NOVEMBER 13, 2023

The Consumer Financial Protection Bureau, Federal Reserve and other banking regulators rolled out their annual adjustments for the thresholds that determine whether activities are eligible for enhanced standards.

Regulation 36

Regulation Lending Compliance 36

The Paypers

NOVEMBER 13, 2023

Paytech company payabl. has announced its partnership with GonnaOrde r to provide its payment services and launch a referral scheme for the latter’s global customers.

Payments 48

Payments Company 48

American Banker

NOVEMBER 13, 2023

A filing for a BlackRock fund based on the cryptocurrency XRP showed up on the official Delaware website that registers investment trusts incorporated in the state. The only problem is that BlackRock wasn't the one who submitted it.

cryptocurrency 36

cryptocurrency Delaware Industry Bitcoin 36

The Paypers

NOVEMBER 13, 2023

Alternative banking solution Suits Me has partnered with US-based identity proofing and compliance solutions provider Jumio to support the underbanked population in the UK.

Compliance 45

Compliance US 45

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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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