Payments Dive

APRIL 18, 2024

The card network opted to increase the card misclassification remediation reserve, based in part on discussions with regulators, executives said Thursday.

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Jack Henry

APRIL 18, 2024

Diversity, equity, inclusion, and belonging (DEIB) are more than just buzzwords ; they are essential components of a successful and sustainable business. As we celebrate National Diversity Awareness Month, I want to talk about the positive impact leaders can have on DEIB within their organizations.

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Payments Dive

APRIL 18, 2024

The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.

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PopularBank

APRIL 18, 2024

Defrauding others of their financial assets remains a common thread throughout history, from snake oil salespeople to modern-day digital fraudsters. Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year.

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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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ABA Community Banking

APRIL 18, 2024

According to newly released Gallup figures, just 30 percent of American workers are engaged in their work. The rest are described as disengaged, with 17 percent actively disengaged, "which means they are literally trying to sabotage the organization," notes Neil Stevens. The post Podcast: How a Georgia community bank engaged employees at 3X the national rate appeared first on ABA Banking Journal.

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The Paypers

APRIL 18, 2024

Cogo , a carbon footprint tracking company, has partnered with Personetics , aiming to make it easier for banks to provide their customers with climate-conscious banking solutions.

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American Banker

APRIL 18, 2024

The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.

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The Paypers

APRIL 18, 2024

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has announced the acquisition of Appranix , a company specializing in cloud cyber resilience.

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American Banker

APRIL 18, 2024

The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.

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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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The Paypers

APRIL 18, 2024

Visa has transformed the payment landscape with streamlined solutions for seamless ‘Click-and-Mortar’ shopping experiences, bridging digital and physical retail.

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American Banker

APRIL 18, 2024

Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.

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The Paypers

APRIL 18, 2024

The European Data Protection Board (EDPB) has announced that online platforms, including Meta , should not require users to pay for data privacy for ad-free subscriptions.

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American Banker

APRIL 18, 2024

The Consumer Financial Protection Bureau was created to protect the people from financial predation. But there are very different interpretations of what that means, and whether the people should be protected by — or from — the government.

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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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The Paypers

APRIL 18, 2024

Authorities in Norway have revealed their intention to introduce a new data centre law aimed at regulating operations within these facilities.

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Commercial Lending USA

APRIL 18, 2024

Gas station financing can be a smart move for business owners and regular people who want to expand their portfolios or start their businesses.

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The Paypers

APRIL 18, 2024

Global provider of trade finance solutions Surecomp has announced a strategic collaboration with Cleareye.ai to provide simplified data from trade documents.

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American Banker

APRIL 18, 2024

Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The Paypers

APRIL 18, 2024

Australia-based fintech Waave has introduced ‘Wallet’ to house its Pay by Bank product, a real-time account-to-account payment method with biometric security access.

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American Banker

APRIL 18, 2024

FedNow emerges as a key component of our industry's digital transformation, filling the void in our payment infrastructure and paving the way for a new era of banking.

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The Paypers

APRIL 18, 2024

Amazon Pay has announced its plans to introduce credit services on the Unified Payments Interface (UPI) platform as part of a deal with the National Payments Corporation of India ( NPCI ).

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American Banker

APRIL 18, 2024

Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.

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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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The Paypers

APRIL 18, 2024

Financial infrastructure platform for businesses Stripe has announced its collaboration with URBN in a bid to enable online and in-person retail payments for the latter’s brands.

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American Banker

APRIL 18, 2024

The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.

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The Paypers

APRIL 18, 2024

US-based digital identity solutions provider Prove Identity has added several of its solutions on the AWS Marketplace to improve customer access and product availability.

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American Banker

APRIL 18, 2024

Federal Reserve Governor Michelle Bowman said she believes there is a feasible path forward for the revised capital reform proposal, emphasizing the importance of making broad changes informed by industry feedback to achieve broad consensus among Federal Reserve board members.

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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.

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