Gen Z panel shares 5 rules for success
ATM Marketplace
OCTOBER 27, 2023
What does Gen Z actually want from banks and businesses? A panel of Gen Zers discussed what they look for.
ATM Marketplace
OCTOBER 27, 2023
What does Gen Z actually want from banks and businesses? A panel of Gen Zers discussed what they look for.
Payments Dive
OCTOBER 27, 2023
The purchase continues a spate of payments industry acquisitions this month, and will let the fleet management services company cross-sell more software.
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CFPB Monitor
OCTOBER 27, 2023
Recently the U.S. Department of Justice (DOJ) entered into a proposed consent order with Ameris Bank to resolve allegations of redlining from 2016 through 2021 in majority Black and Hispanic areas in the Bank’s Jacksonville, Florida assessment area under both the Equal Credit Opportunity Act (ECOA) and Fair Housing Act. In conjunction with the announcement of the proposed consent order, Attorney General Merrick Garland provided an update on the DOJ’s Combating Redlining Initiative that was launc
Payments Dive
OCTOBER 27, 2023
The error, first disclosed by the company in July, affected merchants and merchant acquirers.
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.
CFPB Monitor
OCTOBER 27, 2023
On October 25, 2023, the Consumer Financial Protection Bureau (CFPB) released its sixth consumer credit card market biennial report to Congress as required under the Credit Card Accountability Responsibility and Disclosure Act (CARD Act). The report focuses on industry market dynamics, use of credit, cost of credit, availability of credit, and issuer practices.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Commercial Lending USA
OCTOBER 27, 2023
Bridge lending is a crucial financial instrument that helps in the execution of real estate deals and business projects. It functions as a transitional financial bridge, closing the gap between an immediate need for money and the more permanent financing that may be forthcoming.
Payments Dive
OCTOBER 27, 2023
As C-suite responsibilities change, the gap between roles such as the CFO and chief operating officer is narrowing.
CFPB Monitor
OCTOBER 27, 2023
On October 19, 2023, the Department of Justice (DOJ) announced that its Combating Redlining Initiative has resulted in over $107 million in relief for communities adversely affected by lending discrimination by mortgage lenders. This comes on the same day DOJ announced its $9 million settlement with Ameris Bank, it’s most recent redlining case.
Payments Dive
OCTOBER 27, 2023
The payments acceptance company is racking up partnerships to expand services under Worldline ownership.
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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
CFPB Monitor
OCTOBER 27, 2023
On October 13, 2023, the California Department of Financial Innovation (DFPI) published final regulations implementing the Student Loan Servicing Act (“SLSA”) and the Student Loans: Borrower Rights Law. The final regulations are the culmination of two sets of proposed regulations from the DFPI, which we previously covered here. The final regulations become effective January 1, 2024.
TheGuardian
OCTOBER 27, 2023
Two-point rate rise surprises analysts as central bank blames 6.6% inflation on consumer demand Business live – latest updates Russia’s central bank has increased interest rates by more than expected to 15% after the war-torn economy suffered a steep rise in inflation. The economy’s limited capacity to respond to an increase consumer demand was blamed by the bank for the rise in inflation to 6.6% in October from 6% in the previous month.
American Banker
OCTOBER 27, 2023
The credit card company has been seeing late payments and charge-offs jump following the stellar credit trends of the pandemic. But there were signs last quarter that the picture has started to stabilize.
BankInovation
OCTOBER 27, 2023
Capital One’s technological advances allowed the bank to expand underwriting, modeling and marketing in the third quarter of 2023. “Our modern technology capabilities are generating an expanding set of opportunities across our businesses,” Chief Executive Richard Fairbank said during the bank’s Q3 earnings call Thursday.
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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
American Banker
OCTOBER 27, 2023
JP Morgan Chase and Carver Federal Savings are applying fast-acting security tools more broadly — regardless of how fast the transaction is.
BankInovation
OCTOBER 27, 2023
NatWest is looking to customer data to drive deposits amid uncertain macroeconomic conditions. The $890 billion bank is dealing with inflationary pressures and working to reduce costs. Technology is part of the strategy, Chief Executive Paul Thwaite said during the bank’s third-quarter earnings call today.
TheGuardian
OCTOBER 27, 2023
Competition for savers’ cash is putting pressure on its finances, says group NatWest decision to close Farage’s accounts was lawful – report Business live – latest updates NatWest has downgraded its profitability outlook and warned that competition for savers’ cash is putting pressure on its finances, sending its shares plunging. Investors were spooked by a predicted drop in the bank’s net interest margin (NIM), which accounts for the difference between what is charged for mortgages and paid on
BankInovation
OCTOBER 27, 2023
Amazon, Google, IBM and Microsoft remained steadfast in their commitment to AI investment as cloud revenue continued to rise across the board in the third quarter.
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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 27, 2023
Bankers show a lot of interest in advanced AI, as well as a daunting list of challenges, according to American Banker's innovation readiness survey.
BankInovation
OCTOBER 27, 2023
Citigroup Inc. is planning to grant the majority of its over 40,000 coders access to generative artificial intelligence as Wall Street continues to embrace the burgeoning technology.
American Banker
OCTOBER 27, 2023
Large language models were a big part of the discussion during the company's earnings call on Thursday.
The Paypers
OCTOBER 27, 2023
Itaú Unibanco and Inswitch have launched Pix no mundo, a solution that allows Brazilians abroad to use the Pix payment system for purchases and transactions across Latin America.
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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 27, 2023
The San Antonio bank reported a 14% increase in noninterest expenses and a 7% jump in loans. "We're not trying to be successful by shrinking," said CEO Phil Green.
The Paypers
OCTOBER 27, 2023
Full-stack multi-rail payments 3.0 platform Rvvup has announced the launch of its Payment Links solution to enable online businesses to get paid fast, with different payment methods.
American Banker
OCTOBER 27, 2023
The Federal Reserve's vice chair for supervision said FedNow and digital currencies are important areas for research, but not at the expense of legacy systems like cash and debit.
The Paypers
OCTOBER 27, 2023
US-based BaaS provider Pathward has expanded its partnership with the money movement platform for merchants and fintech brands TabaPay to enable faster payments nationwide.
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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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