BankInovation
JULY 3, 2023
Fraud rates continue to climb each year as fraudsters scale operations. For banks seeking to protect themselves from financial crime, it can feel like a losing battle. The Federal Trade Commission received more than 2.
The Financial Brand
JULY 4, 2023
This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand. McKinsey's digital & artificial intelligence leaders offer a roadmap to transformation success, including a case study on how DBS Bank did it. This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand.
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American Banker
JULY 5, 2023
The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.
Payments Dive
JULY 5, 2023
Just 40% of consumers feel confident in the security and safety of their debit cards, J.D. Power said.
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.
ATM Marketplace
JULY 4, 2023
How do banks develop hospitality? A panel at the Bank Customer Experience held in Charlotte, North Carolina from Sept. 12 to 13 will look at this topic in detail.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Paypers
JULY 3, 2023
Kuwait-based fintech Spare has obtained the KSA Open Banking certification, based on the Open Banking Framework released by the Saudi Central Bank.
American Banker
JULY 2, 2023
Higher capital requirements tend to drive certain lending activities away from banking and toward so-called shadow banks. How regulators shore up banks without driving their customers away is the source of a spirited philosophical debate in Washington.
The Financial Brand
JULY 5, 2023
This article How Branding Pays Off in the Bottom Line and in Tough Times appeared first on The Financial Brand. In the wake of so much banking turbulence this spring, one clear lesson is how branding has powerful benefits that help boost the bottom line. This article How Branding Pays Off in the Bottom Line and in Tough Times appeared first on The Financial Brand.
Payments Dive
JULY 6, 2023
The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.
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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
JULY 5, 2023
The CFPB announced that on July 11, 2023 it will host a hearing on medical billing and collections, with a focus on medical payment products, such as medical credit cards and installment loans. In addition to Director Chopra, the hearing will include agency officials from the White House, the U.S. Department of Health and Human Services, and the U.S.
BankInovation
JULY 7, 2023
HSBC is increasing its investment in quantum computing innovation after teaming up with Quantinuum in May. The $3 billion bank joined a quantum-secured network by BT and Toshiba that will use quantum key distribution (QKD) technology to protect against advanced cyber threats, according to a Wednesday HSBC release.
Ublocal
JULY 7, 2023
As home values have increased in VT and NH in the last few years, you may have more equity in your home than you think. That equity can be borrowed against with a Home Equity Line of Credit (HELOC), or a Home Equity Loan to fund home improvements and renovations. Keep reading to learn about the differences between these two types of home financing, what they are best used for, and what to consider before applying.
Payments Dive
JULY 6, 2023
Fidelity National Information Services will sell a 55% stake in Worldpay to the private equity firm GTCR for $11.7 billion, valuing the company at $17.5 billion.
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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
CFPB Monitor
JULY 5, 2023
The CFPB recently issued its annual fair lending report covering its fair lending activity in 2022. In the report’s discussion of the CFPB’s risk-based approach for prioritizing fair lending supervisory and enforcement activity, the CFPB indicates that in 2022, much of its supervision efforts focused on mortgage origination and pricing, small business lending, policies and procedures regarding geographic and other exclusions in underwriting, and the use of automated systems and models. .
Realwired Appraisal Management Blog
JULY 5, 2023
More than 50% of chief appraisers, reviewers and commercial appraisers from my informal survey thought report quality declined in the past 10 years. They say appraising is an art. But just like art, there’s amazing work and “meh” work. Some appraisers rely on external reviewers to fix their art. Houston, we have a problem.
BankInovation
JULY 5, 2023
Michigan State University Federal Credit Union developers are investigating how to use AI in its software coding. The $7.45 billion credit union has several teams, including managers, vice presidents and developers, exploring AI use cases through its innovation lab, The Lab, Ami Iceman-Haueter, chief research and digital experience officer at MSUFCU, told Bank Automation News.
Payments Dive
JULY 7, 2023
CFO Matt Briers took home higher compensation as he prepares to step down from the company. The money transfer service’s CEO also is leaving for a planned sabbatical in September.
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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.
BankUnderground
JULY 7, 2023
Ivan Yotzov, Nicholas Bloom, Philip Bunn, Paul Mizen, Ozgen Ozturk and Gregory Thwaites Since late 2021, annual CPI inflation in the UK increased sharply. Alongside this increase, there was also a significant rise in firm and household short-term inflation expectations. In this post, we use data from the Decision Maker Panel (DMP), a UK-wide monthly business survey, to study whether there is an effect of CPI data releases on firms’ current inflation perceptions and year-ahead inflation expectati
TheGuardian
JULY 5, 2023
This live blog is now closed, you can read more of our UK political coverage here Yesterday Sajid Javid, the Tory former health secretary, called for the creation of a royal commission to consider the future of the NHS. He argued that this would take the debate about the future of the service out of the realm of party politics, and, in an article in the Times , he said that in private politicians believed that the NHS was unsustainable in its current form.
Gonzobanker
JULY 6, 2023
Banking executives faced with rapid-fire industry changes may feel at times like they’re playing “Whack-a-Mole,” “Red Rover, Red Rover,” “Duck, Duck, Goose!” or any of those childhood games that if you were on the wrong team, on the wrong side of the line, or wearing the wrong clothes, chances were good you’d experience shame, blame or bruises. I feel your pain!
Payments Dive
JULY 5, 2023
The move, if true, would mark a 180-degree turn after Goldman and the tech giant extended their partnership until 2029 in October.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
CFPB Monitor
JULY 5, 2023
Community Financial Services Association of America (CFSA) has filed its brief with the U.S. Supreme Court in which it asks the Court to affirm the Fifth Circuit panel decision in CFSA v. CFPB. In that decision, the panel held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.
Jack Henry
JULY 5, 2023
In today's age, technology modernization provides a plethora of benefits to consumers, financial institutions, businesses, and yes, even fraudsters and cybercriminals.
Gonzobanker
JULY 6, 2023
Banking executives faced with rapid-fire industry changes may feel at times like they’re playing “Whack-a-Mole,” “Red Rover, Red Rover,” “Duck, Duck, Goose!” or any of those childhood games that if you were on the wrong team, on the wrong side of the line, or wearing the wrong clothes, chances were good you’d experience shame, blame or bruises. I feel your pain!
Payments Dive
JULY 7, 2023
Two years after purchasing Returnly for $300 million, Affirm said it’s divesting the returns management platform business.
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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.
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