SWBC's LenderHub
SEPTEMBER 7, 2021
Last Week: Despite a rapidly worsening global wave of Covid, catastrophic natural disasters, and weaker than expected economic numbers—culminating with a huge downside miss for August employment creation—risk assets managed to pull out gains for the week. It seems, yet again, that bad news equals lower for longer with regard to Treasury yields and that means higher corporate equity and debt values.
Cisco
SEPTEMBER 7, 2021
Here at Cisco we strive to align our strategy, content, and offerings to the top trends happening in the industry. To help us do this effectively, we designed something called the Portfolio Explorer. The Portfolio Explorer divides each industry into various themes and use cases that are revisited and updated each year by our industry experts. We just finished our updates for this fiscal year, and financial services saw a substantial overhaul.
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CFPB Monitor
SEPTEMBER 7, 2021
During D.C.’s declared State of Public Health Emergency, several financial protections have been put in place, including some that severely limit, among other things, collection activities relating to consumer contracts, repossession, and legal actions on accounts. On September 1, Mayor Muriel Bowser signed the most recent pair of emergency and temporary legislation to land on her desk, B24-0347 and B24-0348.
ATM Marketplace
SEPTEMBER 7, 2021
You still have a chance to join the Bank Customer Experience Summit, but you need to act quickly. Registration closes on Sept. 10 for the event, which will be held in Chicago from Sept. 13 to 15. This summit will gather experts from leaders in the industry ranging from Truist to Republic Bank of Chicago.
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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
BankUnderground
SEPTEMBER 7, 2021
Ambrogio Cesa-Bianchi and Andrea Ferrero. Restrictions on activity to curb the spread of Covid-19 led to a shutdown of specific parts of the economy. These lockdown measures can be thought of as a shock that suddenly decreases the supply of affected sectors, which lowers output and increases their price. Guerrieri et al (2020) propose a theoretical model of ‘Keynesian supply shocks’ where a sectoral supply shock triggers knock-on effects on demand in other sectors which, if strong en
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CB Insights
SEPTEMBER 7, 2021
Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. The space is rapidly evolving as startups tackle a wide range of challenges in financial services and other industries. For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. Meanwhile, non-fungible tokens ( NFTs ) are making strides toward becoming mainstream. download our best of blockchain research.
BankInovation
SEPTEMBER 7, 2021
Automation Anywhere Inc., a software company backed by SoftBank Group Corp.’s Vision Fund, is preparing for an initial public offering that could happen later this year, according to people familiar with the matter. The company, based in San Jose, California, focuses on robot process automation, which helps companies save time and money by automating repetitive, […].
SWBC's LenderHub
SEPTEMBER 7, 2021
Fannie Mae and Freddie Mac are currently collaborating on a game-changing initiative to redesign the uniform appraisal dataset (UAD) for their standard appraisal forms. This project has been in the works since 2019, and we will likely see it come to fruition by the end of 2023. This is a huge undertaking that involves subject matter experts across the country, including appraisers, lenders, appraisal management companies, government agencies, and other trade organizations.
BankInovation
SEPTEMBER 7, 2021
Banks use robotic process automation (RPA) to merge back-end systems after acquisitions and are starting to automate more self-help for customers. That’s in addition to the more common use case of automating the creation of customer accounts, says Jesse McHargue, senior solutions engineer with RPA company Nintex, in this week’s episode of “The Buzz.
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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
The Paypers
SEPTEMBER 7, 2021
Revolut has announced it is preparing to launch a Buy Now, Pay Later feature, allowing users to spread the cost of in-store and online purchases over a period of time.
BankInovation
SEPTEMBER 7, 2021
Automation Anywhere Inc., a software company backed by SoftBank Group Corp.’s Vision Fund, is preparing for an initial public offering that could happen later this year, according to people familiar with the matter. The company, based in San Jose, California, focuses on robot process automation, which helps companies save time and money by automating repetitive, […].
FluentBanking
SEPTEMBER 7, 2021
92nd Banking diploma was postponed due to the Covid-19 situation. However, IBB has recently published the exam routine recently in their website. The exam is very important to the banking job holders as it helps in a variety of ways from getting knowledge to get promoted. Presently most of the banks making this exam mandatory to pass.
The Paypers
SEPTEMBER 7, 2021
Australia-based Suncorp Bank has partnered with Visa to launch a new Buy Now, Pay Later (BNPL) service that will cap late payment fees and allow customers to shop in stores.
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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.
Tomorrow's Transactions
SEPTEMBER 7, 2021
In our Live 5 for 2021, we said that governance would be a major topic for digital identity this year. Nowhere has this been more true than in the UK, where the government has been diligently working with a wide set of stakeholders to develop its digital identity and attribute trust framework – the rules… Continue reading Will the UK identity framework support decentralised identity?
The Paypers
SEPTEMBER 7, 2021
Standard Chartered has agreed a joint venture deal to launch a digital-only bank in Singapore with the country's National Trades Union Congress (NTUC).
CB Insights
SEPTEMBER 7, 2021
Jeeves , an expense management platform for startups, has raised $57M in a Series B. The round drew participation from CRV, Silicon Valley Bank, Soros Fund Management, and Tencent Holdings, among others. HOW’S THE COMPANY PERFORMING? New York-based Jeeves provides banking-as-a-service to startups. The company offers corporate credit cards to its customers as well as an expense management app.
The Paypers
SEPTEMBER 7, 2021
Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators.
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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.
The Paypers
SEPTEMBER 7, 2021
Switzerland-based financial services company Six and financial and insurance services IT partner Inventx have announced making their open banking platforms ‘b.Link’ and ‘ix.OpenFinancePlattform’ compatible with one another.
The Banker
SEPTEMBER 7, 2021
Crypto firms have been vocal about how the US’s damaging approach to their industry is stifling innovation to the benefit of Asian and European competitors. While change might be in the air, there is still plenty for the industry to worry about.
The Paypers
SEPTEMBER 7, 2021
Canada-based ecommerce company Shopify has announced enabling merchants to integrate the Italy-based payment provider Satispay as a payment method in the Shopify dashboard.
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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.
The Paypers
SEPTEMBER 7, 2021
Germany-based transaction monitoring software provider Hawk AI has announced a partnership with all-in-one expense and financial management platform Moss.
The Paypers
SEPTEMBER 7, 2021
Japan-based SoftBank has announced that it has entered a strategic partnership and equity share swap agreement with Deutsche Telekom AG (DT).
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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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