American Banker
JULY 19, 2023
U.S. financial services firms should be paying close attention to the innovative Pix Credit system that is displacing consumer credit cards in Brazil.
Payments Dive
JULY 19, 2023
The restaurant payments company said Wednesday it would remove the customer-paid order processing fee by the end of this week.
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Perficient
JULY 19, 2023
In today’s rapidly evolving technological landscape, artificial intelligence (AI) has emerged as a game-changer for various industries. One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.
South State Correspondent
JULY 19, 2023
Our previous article discussed how the banking industry is taking advantage of interest rate swaps to offer borrowers lower rates, allowing banks to earn higher yields, generate substantial fee income, and protect deposit relationships. Of the largest 250 banks, 90% are using interest rate swaps, and because these largest 250 banks hold 83% of all loans, interest rate hedging tools are widely used in approximately 75% of the loan marketplace.
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
JULY 19, 2023
The international payments software firm aims to give Chinese students abroad a tool for paying tuition using their home country’s most popular digital wallet.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 19, 2023
Opponents of the Credit Card Competition Act proposal are gearing up to fight the bill as an attachment to the National Defense Authorization Act.
TheGuardian
JULY 19, 2023
When the bank’s bosses said ‘Your money is no good here,’ they meant it. He’s raging at them, but what does it say about him? One of the most worrying problems in this modern Britain – laid low by 13 years of harsh Tory rule, bewildered by social media, blighted by social division – is that we now struggle to recognise a real victim when we see one.
BankInovation
JULY 19, 2023
Ally Financial continued to prioritize digital offerings and operational efficiency in the second quarter as its millennial and Gen Z client base grew. WHY IT MATTERS: The bank gained 86,000 customers in Q2, and 69% of those customers were millennial or younger generations, according to the bank’s earnings presentation.
TheGuardian
JULY 19, 2023
FCA chief says banks cannot ‘discriminate’ against political views, but chair argues it’s up to Coutts ‘who they do business with’ Nils Pratley: Farage has a point. Coutts should explain itself Explainer: what are the UK rules on access to banking? The City regulator has said it has contacted the owner of Coutts bank amid a growing row over its decision to close Nigel Farage’s accounts, but told MPs that while lenders cannot discriminate against customers, it is ultimately up to firms to decide
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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
BankInovation
JULY 19, 2023
U.S. Bank focused on completing its integration of Union Bank in the second quarter, after acquiring the New York-based bank in December. The $590 billion U.S. Bank gained 1.2 million Union Bank customers since finishing its conversion in May, according to the bank’s Q2 earnings supplement.
American Banker
JULY 19, 2023
The managing director of Arjuna Capital led a successful shareholder activist campaign in 2018 that led to dozens of large companies reporting their true gender pay gap numbers. Now she is pursuing companies who are moving too fast with advanced AI.
BankInovation
JULY 19, 2023
Goldman Sachs is looking to automation, technology and headcount reduction to streamline its operations. The bank reported a 9% year-over-year increase in technology and communications spend to $482 million during the second quarter, while recording a 2% decrease in compensation and benefits to $3.6 billion, according to today’s earnings presentation.
American Banker
JULY 19, 2023
Brian Plum abruptly stepped down as president and CEO of the Charlottesville, Virginia, company last week. Blue Ridge also announced that it would not pay a dividend in the third quarter.
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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
JULY 19, 2023
Bank for wealthy says it wants clients who are ‘disrupters and challengers’, but seems to find some less tolerable without the cash Full story: Ministers and regulator wade into Farage row Explainer: what are the UK rules on access to banking? Let’s start with where Coutts was within its rights to dump Nigel Farage. The former Ukip leader, according to the memo of the meeting of the “Wealth Reputational Risk Committee”, was about to fall below the qualifying threshold to be a customer.
American Banker
JULY 19, 2023
Some credit unions and banks are taking a step back from the U.S. auto lending market, but Ally CEO Jeffrey Brown said the overall sector remains healthy. Though credit is weakening, the loans that the company is making are bringing large returns.
TheGuardian
JULY 19, 2023
SARs from employees have become standard in work disputes and are increasingly used by public figures Nigel Farage’s claim that his account at the prestigious bank Coutts was closed because of his political values has been bolstered by a report from the bank’s reputational risk committee that he obtained via a subject access request (SAR), an increasingly common tool – some would say weapon – used by individuals in dispute with organisations.
American Banker
JULY 19, 2023
After the Tennessee bank's canceled sale to TD Bank, it launched a marketing campaign that attracted tens of thousands of new customers. The next step is expanding these relationships, executives said during the company's second-quarter earnings call.
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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.
The Paypers
JULY 19, 2023
Information services company Experian has launched a report that showcases that 50% of consumers fear becoming fraud targets more than in 2022.
American Banker
JULY 19, 2023
While credit unions are being cautious with this lending line, some see opportunities to grow their commercial books amid setbacks at big-name banks such as Wells Fargo.
BankInovation
JULY 19, 2023
Truist Financial is exploring quantum computing applications within financial services through access to IBM’s quantum computers, engineers and infrastructure. IBM is the latest tech provider to participate in Truist’s Innovation in Residence program, joining Verizon and Amazon Web Services, Ken Meyer, chief information and experience officer at Truist, told Bank Automation News.
American Banker
JULY 19, 2023
Ashley O'Neal joined Midwest BankCentre in 2018 and currently has two regional managers working for her and a total of 77 retail employees in her organization.
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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.
BankInovation
JULY 19, 2023
Ally Financial continued to prioritize digital offerings and operational efficiency in the second quarter as its millennial and Gen Z client base grew. WHY IT MATTERS: The bank gained 86,000 customers in Q2, and 69% of those customers were millennial or younger generations, according to the bank’s earnings presentation.
The Paypers
JULY 19, 2023
US-based cryptoasset-focused investment firm CoinFund has announced the closing of the USD 158 million Seed IV Fund LP.
BankInovation
JULY 19, 2023
Truist Financial is exploring quantum computing applications within financial services through access to IBM’s quantum computers, engineers and infrastructure. IBM is the latest tech provider to participate in Truist’s Innovation in Residence program, joining Verizon and Amazon Web Services, Ken Meyer, chief information and experience officer at Truist, told Bank Automation News.
TheGuardian
JULY 19, 2023
Everyone has a right to a basic account but banks can deny customers additional services Full story: Ministers and regulator wade into row Nils Pratley: Farage has a point. Coutts should explain itself As the storm over the closure of Nigel Farage’s bank accounts at the private lender Coutts grows, here we look at the UK rules on the right to be banked and how account holders can complain if they feel they have been treated unfairly.
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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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