Accenture

JULY 12, 2023

Well over a decade ago, I was fortunate enough to land a banking leadership role in commercial and corporate banking operations. I immediately noticed two things that have stuck with me ever since. First, the people in operations are some of the best and most well-intentioned, albeit often overlooked, employees in the firm. When we… The post Commercial banks can benefit by transforming ops talent appeared first on Accenture Banking Blog.

Leadership 317

Leadership Operations Banking Trends Trends 317

Payments Dive

JULY 12, 2023

The restaurant payments software company’s rivals needled Toast over the addition of a fee to be paid by consumers.

Software 370

Software Payments Company 370

Perficient

JULY 12, 2023

Introduction It’s not you. It’s the guidance. Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The same organization will typically have a national bank charter, and the OCC is the primary federal banking regulator for that part of the organization.

Management 221

Management Risk Management Regulation Compliance 221

Payments Dive

JULY 12, 2023

That’s the fourth state in which the social media company has received a license, inching it closer to creating the payments tool and super-app envisioned by owner Elon Musk.

Arizona 195

Arizona social media Tools Payments 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

CFPB Monitor

JULY 12, 2023

Sixteen amicus briefs have been filed with the U.S. Supreme Court in support of the position of the Community Financial Services Association of America (CFSA) that the Court should affirm the Fifth Circuit panel decision in CFSA v. CFPB which held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.

America 78

America Community 78

CFPB Monitor

JULY 12, 2023

The CFPB and the OCC announced that they have each entered into a consent order with Bank of America, N.A. for alleged violations arising from the Bank’s representment fee practices (“Fee Consent Orders”). The CFPB also announced that it has entered into a second consent order with the Bank for alleged violations arising from certain of the Bank’s credit card-related practices. .

America 78

America Cards 78

TheGuardian

JULY 12, 2023

Bank of England chief says there ‘will be consequences’ of higher interest rates, as all UK banks pass stress tests Treasury watchdog prepares to warn that rising UK interest rates threaten Sunak’s fiscal plans Asked by the Guardian’s banking correspondent Kalyeena Makortoff about the impact of higher mortgage payments – set to rise by £500 a month by the end of 2026, Bailey said: It is going to have an impact, clearly.

US 89

US Policies Payments System 89

American Banker

JULY 12, 2023

For now, worries about more bank failures have faded. But in the wake of the recent industry turmoil, higher funding costs are expected to weigh on banks' second-quarter results.

Industry 69

Industry 69

The Paypers

JULY 12, 2023

India-based Kunji Finance has partnered with decentralised exchange GMX to improve the former’s position as a decentralised asset management platform.

Management 66

Management 66

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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

JULY 12, 2023

Deborah Donnelly, senior program manager of talent and performance at BECU in Washington state, has prioritized training the next generation of professionals in each position she's held.

Washington 69

Washington Training Management 69

The Paypers

JULY 12, 2023

The EU Commission has adopted a new strategy on Web 4.0 and virtual worlds to ensure an open and inclusive digital environment for EU citizens.

Strategy 69

Strategy 69

American Banker

JULY 12, 2023

The company said long-time chief executive Chuck Sulerzyski would retire in 2024 and be succeeded by Tyler Wilcox, Peoples' executive vice president of community banking.

Ohio 69

Ohio Community Bank Community Company 69

TheGuardian

JULY 12, 2023

Banks ‘could weather £125bn hit in economic downturn’ despite rising interest rates Business live – latest updates The UK’s largest banks are strong enough to weather a £125bn financial hit during a severe economic downturn, despite facing mounting stress from rising interest rates, the Bank of England said. The central bank’s annual stress test of the country’s biggest lenders – which include NatWest, Barclays, HSBC, Lloyds, Standard Chartered, the UK arm of Santander, Nationwide building socie

Lending 58

Lending Groups 58

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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

JULY 12, 2023

This week in global news, Lisbon takes contactless payments to the subway; U.K. politicians say AML actions rules are politically motivated; and more.

Payments 69

Payments Policies 69

BankInovation

JULY 12, 2023

TD Securities is looking to Dell Technologies to enhance its data storage and processing capabilities, the investment banking arm of TD Bank announced Monday.

Security 52

Security Data Management Technology 52

The Paypers

JULY 12, 2023

Southwest Airlines has tapped US-based payment technology solutions company MOST to power its inflight retail experience.

Retail 69

Retail US Technology Payments 69

TheGuardian

JULY 12, 2023

Bank of England has warned about potential risks to financial stability for ages. One of theses days, they may matter Full story: lenders pass tests but BoE warns of mortgage pain Terrific news: the banks aren’t about to collapse. The UK’s big lenders would continue to be “resilient”, says the Bank of England , even if the dark clouds over the economy turn into a prolonged thunderstorm.

Lending 53

Lending Capital 53

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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

BankInovation

JULY 12, 2023

Financial crime continues to tick up as more payment processes move online — and fraudsters take advantage of the digital shift.

Fraud 52

Fraud Online Data Payments 52

American Banker

JULY 12, 2023

The Charlotte bank plans to use quantum computing to stiffen cybersecurity, to run more advanced AI applications and to create new commercial use cases alongside IBM engineers.

Charlotte 53

Charlotte Technology 53

The Paypers

JULY 12, 2023

Managed networks and IT service provider Evolve has announced its partnership with BT to offer users card transaction routing via the latter’s Cardway solution.

Cards 36

Cards Management 36

American Banker

JULY 12, 2023

A scorecard from the sustainable finance advocate Ceres found that federal agencies overseeing the financial system have adopted measures to account for climate-related financial risks but have not yet issued enforceable regulations.

Regulation 36

Regulation Report System Policies 36

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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

The Paypers

JULY 12, 2023

Modern card issuing platform Marqeta has expanded into Brazil following a partnership with Latin American BaaS platform Fitbank and network certification with Visa.

Cards 36

Cards 36

American Banker

JULY 12, 2023

Former Federal Reserve Vice Chair for Supervision Randal Quarles criticized his successor's plan to significantly increase capital requirements for big banks, saying it would needlessly hurt the economy.

Capital 36

Capital Policies Compliance Regulation 36

The Paypers

JULY 12, 2023

Payment solutions provider GHL Systems Berhad has partnered with fintech enabler Arab Financial Services (AFS) to process its merchant transactions in Thailand.

System 36

System Fintech Payments 36

American Banker

JULY 12, 2023

Eligible customers would receive a credit of up to $5,000 that can be put toward expenses like closing costs, or used to secure a lower interest rate. It's the latest example of a bank launching a program aimed at extending credit to minority borrowers.

Examples 36

Examples Security 36

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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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