CFPB Monitor

NOVEMBER 22, 2022

While the report does not address “true lender” challenges in bank/fintech lending relationships, it does discuss the risk of “so-called ‘rent-a-charter’ schemes that market themselves as innovative fintech lending platforms, but operate with essentially the same harmful business model as a traditional payday lender.”

Fintech 78

Fintech Report Data Lending 78

Bobsguide

JUNE 14, 2022

Users will benefit from advanced treasury and risk management capabilities. Integrating the capabilities of Lozenge Analytics will allow Fusion KTP users to perform complex statistical risk calculations. Finastra adds Lozenge Analytics complex calculation capabilities to Fusion KTP for treasury customers.

Analytics 60

Analytics Risk Management Compliance Management 60

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015.

Community Bank 150

Community Bank Community Regulation Survey 150

South State Correspondent

JANUARY 4, 2023

Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023. Lending Focus – Interest Rate Sensitivity and Credit Accuracy. on the dollar due to higher credit risk. Yeah, that was a mistake.

Community Bank 195

Community Bank Capital Lending Training 195

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

FICO

DECEMBER 1, 2020

Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications. FICO offers proven enterprise fraud and financial crimes management solutions. We stop payments fraud in real time across retail banking and consumer lending.

Fraud 59

Fraud Risk Management Analytics Management 59

CFPB Monitor

MAY 24, 2019

The OCC’s Semiannual Risk Perspective report focuses on key issues that pose threats to bank safety and soundness and legal compliance. Among such issues discussed in the Spring 2019 report , which generally reflects bank data as of December 31, 2018, are risks arising from financial innovation and new technologies.

Innovation 68

Innovation Report Compliance Risk Management 68

South State Correspondent

APRIL 27, 2022

Consider a regional bank with a “digital transformation initiative” that rolled out its new “digital user experience” for its retail customers in 2020. Battle complacency – At no time should you roll out a bank product such as digital account opening, lending platform, or even a website and think you are done.

Customer Experience 195

Customer Experience eBook User Experience Policies 195

CFPB Monitor

AUGUST 7, 2020

The guidance notes that the principles outlined in the joint statement apply to both commercial and retail loan accommodations and are consistent with the Interagency Guidelines Establishing Standards for Safety and Soundness. The guidance also recommends several effective approaches to consumer protection risk management.

Risk Management 78

Risk Management Management Guidelines Report 78

PYMNTS

OCTOBER 4, 2019

based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. MaxAB targets informal food and grocery retailers and suppliers, connecting them on a digital platform to conduct trade. See all of the latest B2B fundraises below. SaaSOptics.

Capital 128

Capital Lending California Regional 128

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Meeting 52

Meeting Analytics Risk Management Management 52

Bobsguide

AUGUST 7, 2022

“Moving from an on-premises model to a cloud-based managed service is a big part of our operational strategy for treasury activity,” said Gary McDermott, Treasurer at The Co-operative Bank. The Co-operative Bank also uses Fusion Risk for treasury credit risk management and Finastra’s banking technology for payments services. “By

Operations 68

Operations Strategy Innovation Policies 68

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

AUGUST 22, 2016

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

San Antonio 60

San Antonio Kansas City Groups CA 60

PYMNTS

DECEMBER 13, 2018

Nearly half of companies surveyed by Western Union for its UK FX Barometer said they are “worried or very worried” about FX risk mitigation and hedging. That concern is growing for financial decision-makers in the retail, wholesale, and food and beverage industries, researchers noted.

Management 155

Management Trends Data Analytics 155

Independent Banker

JANUARY 28, 2016

Thomas: Because banks have been introducing more new products and services or introducing new business lines, in part to simply serve their customers and in part to generate new revenues, the regulators want to evaluate how well banks are managing the risks associated with such new activities.

Community Bank 70

Community Bank Community Regulation Lending 70

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 142

Fintech Strategy Leadership Lending 142

Gonzobanker

MAY 21, 2019

Transformation Recommendations : Replace current retail banking executive with chief experience officer with stronger know-how to scale a digital business. Transformation Recommendations : Disband all current committees except for ALM, Credit and ERM, which add value given the implicit risk of this business.

Customer Experience 112

Customer Experience Analytics Management Operations 112

Perficient

APRIL 18, 2024

Without open banking, consumers struggle to switch between bank deposit and lending offerings. Impact on Data Providers Data providers, including digital wallet providers, will be able to move on from “screen scraping” and instead provide API-driven real-time balances, transaction history and reward balances to their retail customers.

Cards 221

Cards Regulation Data Apple 221

Gonzobanker

AUGUST 17, 2016

For banking, top business drivers have included customer engagement and innovation, but also just plain old know-your-customer regulatory and compliance expectations. Reduce the cost of compliance by presenting regulatory information in an enterprise-wide dashboard. But, let’s face it. Evaluate portfolio concentration and exposure.

Leadership 60

Leadership Tools Big Data Risk Management 60

Gonzobanker

DECEMBER 22, 2014

Retailer of the Year that Caused the Most Project Heartache in Bank I.T. The Monty Python “I’m Not Dead Yet” Award – This one goes to the never-say-die branch hardware vendors that still dominate the halls of retail banking conferences nationwide. Risk Management. ??? 4 billion dollars …. THE TECHNOLOGY AWARDS.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Gonzobanker

OCTOBER 30, 2014

There is a lot of promise in technology that can help predict where and how employees will succeed, but there is a need to balance this against the myriad potential compliance and other legal issues that are always looming. The same system needs and issues we hear from lending and retail are also being heard from HR.

Resources 96

Resources Training Tools Analytics 96

Fintech Labs Insights

JANUARY 7, 2016

Social media financial compliance specialist Gremln raised $1.4 Tipping system for retail point of sale. Social media management & compliance for financial institutions . Credit risk management. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. HQ: Bejing, China.

St. Louis 12

St. Louis social media Company Fintech 12

Fintech Labs Insights

OCTOBER 19, 2015

Bitcoin compliance solutions. Using the blockchain for managing records. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). Source: TechCrunch. Alt-lender to small businesses. HQ: Atlanta, Georgia. Latest round: $135 million at $1 billion valuation. Total raised: $600 million. million Seed.

New York City 12

New York City Company Fintech New York 12

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. To PNC , who at BAI Retail Delivery pointed to hiring a behavioral psychologist to review its origination process. Bravo OZRK! Freudian Slip Award. Did we hear a whaaaa?

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 19, 2016

Best Free Market Research a Retail Banker Will Ever Get. The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. Maybe nobody can get that many retailers to agree on anything. It’s funny, tongue-in-cheek and just plain different. Check it out on YouTube. The take-away?

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Best Free Market Research a Retail Banker Will Ever Get. The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. Maybe nobody can get that many retailers to agree on anything. It’s funny, tongue-in-cheek and just plain different. Check it out on YouTube. The take-away?

Utah 60

Utah System Community Marketing 60

ABA Community Banking

SEPTEMBER 29, 2021

On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank. The post Podcast: Inside a Community Bank’s ESG Strategy appeared first on ABA Banking Journal.

Community 81

Community Strategy Massachusetts Community Bank 81

William Mills

MAY 9, 2018

A TON of really old technology is being used in mortgage lending. Our Actionable Intelligence Management solutions help banks and mortgage companies streamline and automate manual processes, seize new business opportunities and manage compliance, all while transforming the customer experience. Good job AI Foundry!

Security 40

Security Samsung Strategy San Jose 40

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

Fintech Labs Insights

JULY 21, 2016

Alt-lending marketplace for consumers. B2B ecommerece credit management. Expense compliance system. Retail investment product marketplace. Tags: Institutions, B2B2C, social media, security, compliance, Santander (investor), Finovate alum. Total raised: $30+ million. HQ: Surry Hills, Australia. Source: Crunchbase.

New York City 12

New York City Fintech Company San Francisco 12

Fintech Labs Insights

NOVEMBER 18, 2015

It uses algorithms to provide robo-advisory for traditional banks who are losing affluent customers to dedicated money managers. BankersLab’s Benchmarking is an addictive simulation game for fintech investors, regulators, and bank executives to predict which managers and lending institutions will make good decisions.

Company 12

Company Comparison Customer Experience Management 12

CB Insights

AUGUST 6, 2017

Lending, Investments, And Personal Finance: 102 Startups Attacking The Retail Banking Value Chain. Cannabis Industry Market Map: 60+ Companies Across CPG, Payments, Analytics, Compliance, And More. RETAIL TECH AND NEXT-GEN COMMERCE. From Point-Of-Sale To Money Transfers: 109 Startups Disrupting The Payments Industry.

Industry 78

Industry Marketing Fintech Software 78

Fintech Labs Insights

SEPTEMBER 1, 2015

Advisor Software is a Cloud provider of sophisticated wealth management and digital investment advice APIs and apps for financial services enterprises. Alfa-Bank offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending.

Company 12

Company Software Analytics Mobile 12