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5 Questions With… KeyBank Consumer and Digital CIO Kim Snipes

BankInovation

Technology investment at KeyBank is nothing if not dynamic. The Cleveland-based bank had a digitally driven calendar year, partnering with Laurel Road for an online lending platform in March 2021 and acquiring payments fintech XUP Payments in November 2021.

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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

The United States Federal Reserve, through Loretta Mester, president of the Cleveland Federal Reserve, has said that there should be an overhaul of regulations on small business banking that would in turn give a lift to U.S. community banks and small business lending. As has been reported, the U.S.

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Oracle’s three modes of Progressive Transformation

Celent Banking

Suncorp in Australia has started the process of moving off its Hogan core by focusing on unsecured lending; its next stop will be secured lending. Without going into great detail, I’ll describe how Oracle has at least started the journey in three different banks around the world. Vertical Slice. Horizontal slice.

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KeyBank On Digitizing In-Person Services With Data Analytics

PYMNTS

Temenos is also providing free access to its online sandbox environment so that banks can test new technologies in a controlled space. Deep Dive: Banks Harness Digital-First Technology To Weather The COVID-19 Storm. For more on these and other digital-first banking news items, download this month’s Tracker. About The Tracker.

Analytics 141
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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. So how did one branch of the Fed end up on such a different page from their counterparts?

Study 101
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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Highlight charities and wealthier individuals that are supporting the same, such as Kevin Love of the Cleveland Cavaliers donating $100,000 to support arena workers. Highlight brands that are supporting their hourly employees even in lieu of significantly declining revenues. Not sniping at politicians because I disagree with them.

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