CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. The FTC commissioners approved the stipulated final order by a 5-0 vote.

National 78

National Retail Regulation New York 78

Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence.

Examples 222

Examples Fraud Resources Risk Management 222

Abrigo

AUGUST 8, 2021

Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions. It also monitors compliance with applicable regulations and laws. Reviewing lending staff’s risk ratings. Credit risk from activities not specific to lending? Identifying Credit Weaknesses.

System 195

System Lending Policies Regulation 195

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. based B2B software-as-a-service and data solutions provider focusing on supporting corporates’ compliance and anti-fraud efforts.

Fintech 188

Fintech Capital Security Fraud 188

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! Retail Credit Analytics.

Report 52

Report Risk Management Compliance Analytics 52

PYMNTS

FEBRUARY 11, 2019

“It is our strategic direction to enhance our digital technology capability, to deliver a better customer experience,” said Thanachart Bank EVP of Retail and Small Business Banking Anuwat Luengtawekul in a statement. Beehive first launched in 2015 in the United Arab Emirates (UAE) to link SMBs to its marketplace lending solution.

Fintech 109

Fintech Tools Customer Experience Regional 109

PYMNTS

DECEMBER 11, 2020

to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions. Peter Hazlehurst, CEO of Synctera, tells Karen Webster that Synctera is a next-gen banking-services platform that facilitates FinTech scale by enabling banks to leverage their current compliance and account-servicing capabilities in new ways.

Trends 175

Trends Fraud Millennials Community Bank 175

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MARCH 7, 2018

Anecdotally, these firms have been talking for years about the industry’s potential to make significant disruptions in areas like corporate finance, small and medium-sized business (SMB) lending and more. “We To dive a bit deeper into this trend, PYMNTS spoke with Skan about why B2B FinTech is gaining more attention from investors.

Fintech 131

Fintech Lending Big Data Trends 131

Bank Innovation

MARCH 28, 2016

Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer. Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More.

Big Data 150

Big Data Online Lending Data 150

PYMNTS

JULY 26, 2017

“As outlined in the report, however, the OCC again identifies issues related to strategic, credit, operational and compliance risks as top concerns.”. Shifts in Lending Practices. Compliance. As is often the case with banks, risks of non-compliance remain high, the OCC noted. Cyber Threats.

Compliance 115

Compliance System Fintech Report 115

Bank Innovation

APRIL 9, 2019

The speed at which financial institutions are expected to meet changing customer demands drove Chicago-based fintech Amount and TD Bank into a strategic partnership that will have the bank using Amount's platform to make personal loans.

Fintech 170

Fintech Chicago Lending Meeting 170

BankUnderground

APRIL 28, 2023

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Second, expanding the analysis beyond 2009 provides evidence on whether Basel III addressed the pro-cyclicality of bank capital and lending.

Capital 84

Capital Lending US Data 84

Independent Banker

JULY 29, 2016

ICBA Mortgage® program provides community banks with access to various mortgage lending products and services, including secondary-market service companies. ICBA Securities® broker-dealer institutional investment program offers community banks a full range of investment opportunities and educational resources. D+H — cloud computing.

Community Bank 70

Community Bank Community Compliance Lending 70

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

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Ben Mendelsohn, Senior Vice President, Director of Retail Product Management, Fifth Third Bankcorp.

Customer Experience 59

Customer Experience Fraud Strategy Compliance 59

PYMNTS

APRIL 26, 2019

In addition, they are expected to jointly explore new product and service offerings in digital lending. In the April Digital Consumer Onboarding Tracker , PYMNTS explores how players from around the world are taking new approaches to onboarding security. How to Shake up B2B Financing at the Point of Sale. Fun, Odd and Edgy.

Bitcoin 175

Bitcoin Apple Cards Compliance 175

FICO

JANUARY 29, 2021

This year we received a bumper crop of entries from more than 30 different companies across the globe from banking and finance, retail, telecommunications, automotive, FMCG and healthcare. Fraud & Security - Conductor Brazil. Regulatory Compliance – Alfa Bank & Eurobank (tie). Customer Onboarding & Management – OCBC.

Meeting 98

Meeting Analytics Florida Fraud 98

CFPB Monitor

MARCH 13, 2015

In its Winter 2015 Supervisory Highlights , which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt collection, consumer reporting, overdraft practices, mortgage origination, and fair lending. Fair lending.

Report 60

Report Lending Compliance Regulation 60

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. s Big Four banks — Barclays, HSBC, Lloyds and RBS — as FinTechs that lend and provide accounting and other financial services similarly populate the U.S., Take, for instance, SME lending. In the U.K.,

Compliance 110

Compliance Innovation social media Lending 110

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Business lending and corporate cards. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses. Fraud prevention tools. Source: Stripe.

Online 98

Online Company Retail Payments 98

Bank Innovation

JULY 31, 2018

It’s good news for fintechs in lending and payments that want a federal banking license, the Office of Comptroller of the Currency (OCC) has started accepting applications starting today. The fintech charter does not require deposit insurance from the FDIC, per a recommendation from the Treasury Department.

Fintech 218

Fintech FDIC Lending Payments 218

CB Insights

OCTOBER 21, 2018

Business Lending & Financing. General Lending & Marketplaces. Mortgage Lending. Point-of-Sale & Personal Lending. Regulatory & Compliance. Retail Investing & Secondary Markets. Business Lending. Business Lending. Business Lending. Business Lending. AvidXchange.

Fintech 78

Fintech Lending Capital Analytics 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. ForwardLine Financial.

Capital 128

Capital Lending California Regional 128

Gonzobanker

APRIL 8, 2020

If it’s full of industry acronyms, wonky terms or compliance-ese, or if it comes across as a cheesy sales pitch, it needs to be rewritten. Key factors to consider when selecting a system include ease of use, functionality (lead development, tag management and A/B testing), security and site analytics.

Leadership 169

Leadership Analytics System Digital Banking 169

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

Bank Innovation

FEBRUARY 19, 2019

Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI The startups are:[link] Avocado Payments, Budgit Inc., Community Capital Technologies, Denizen Financial, Diro Inc., Exagens Corp., Six of the startups come from INV Fintech, this website’s sister […].

Innovation 240

Innovation Community Capital Fintech 240

Bank Innovation

JANUARY 28, 2020

The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure and convenient consumer and business access to financial data, this week confirmed that it had added 25 new members in the second half of 2019.

Industry 259

Industry Data Security Compliance 259

Bank Innovation

JANUARY 31, 2019

Avoka, a software firm specializing in customer acquisition and onboarding, seeks to bridge a gap at retail banks and credit unions between the back office and the customer journey with the launch of its new module, Workspaces.

Software 186

Software Retail Operations Marketing 186

CFPB Monitor

SEPTEMBER 11, 2018

Traditionally, state agencies have not been very active with regard to fair lending issues, but the New York Department of Financial Services recently made a public announcement in which it stated its intention to pursue what looks like the same disparate impact theory arising out of indirect auto finance transactions.

New York 60

New York Lending Policies Leadership 60

PYMNTS

MAY 13, 2016

On the heels of Lending Club’s fall from grace this week – the day after to be precise – Wells Fargo announced that it would come to the rescue of SMBs by offering fast decisions on small business loans. Visa ), a variety of retail bankruptcies (Aeropostale and American Apparel) and failed mergers ( Staples and Office Depot ).

Cards 100

Cards Lending Google Apple 100

FICO

NOVEMBER 23, 2021

Armando Junior, general manager, risk and compliance at Dock (previous winner) . Armando has worked as a lead consultant on transformation projects across private, retail and wholesale banking. Dinesh Suresh, head, digital builds for consumer secured lending at OCBC Bank (previous winner). by Nikhil Behl.

Meeting 52

Meeting Analytics Risk Management Management 52

Bobsguide

JUNE 22, 2022

Finastra’s technology is market-leading, and we are excited to bring customers a seamless managed services proposition, which is easy and quick to implement, and significantly reduces cost overheads across treasury, risk and compliance.”.

Capital 60

Capital Technology Operations Regulation 60

PYMNTS

FEBRUARY 15, 2019

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. What started out as a B2C fashion eRetail company has now morphed into a firm targeting companies in the retail supply chain with back-office solutions. Chainalysis.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

FICO

JUNE 17, 2021

Surely, not all of these mechanisms are as secure as each other, so there is a relationship between payment methods and fraud risk. BNPL schemes blur the line between a transaction, a loan and a credit line, with many services taking a subtly different view on how they lend. A great opportunity to a fraudster? Global threats.

Fraud 52

Fraud Payments Retail Cards 52

NCR

DECEMBER 1, 2017

For smaller community banks and credit unions in the US, it might seem like a difficult time to do business, with so much change, intensifying competition and regulatory compliance to contend with. The Fed also highlighted competition from fintechs as a trend that could increase the pressure on smaller providers.

Community 56

Community Community Bank Michigan Lending 56

FICO

MARCH 27, 2017

Four years ago, we at FICO started saying it’s time for banks to upgrade fraud protection in their retail banking departments. Increasing the rate, pace and volume of these payment types, which exit the customer’s checking account directly, will quickly strain banks’ compliance organizations and processes. ACH is a different animal.

Fraud 40

Fraud Compliance Cards Payments 40