Accenture

SEPTEMBER 28, 2021

For banks, embracing purpose and the financial wellbeing of their customers is more than good PR. As Mohamed Khalil from the Commonwealth Bank of Australia explained during his talk at Sibos in 2020, it can be a powerful way to grow the business. “We discovered that improving wellbeing by 1% correlated to a risk adjusted…. The post Purpose-driven banking in action: a powerful example appeared first on Accenture Banking Blog.

Examples 383

Examples Digital Banking 383

BankInovation

SEPTEMBER 28, 2021

The era of bankers dominating banking is over as software developers rise — and a record wave of job cuts will soon sweep the industry. That’s according to Wells Fargo & Co. analysts led by Mike Mayo, who estimated that the technology improvements and automation these developers bring will allow the industry to cut 100,000 […].

Software 98

Software Industry Technology Retail 98

BankUnderground

SEPTEMBER 28, 2021

Bruno Albuquerque. Prior to the Covid-19 (Covid) shock hitting the world economy in March 2020, concerns about US corporate debt sustainability were on the radar of the media and policymakers. Corporates had been accumulating debt at a rapid pace, leading to a record-high debt level of 47% of GDP in 2019. To what extent may the accumulation of debt amplify the ongoing crisis, and delay the US recovery?

Albuquerque 91

Albuquerque US Maine Policies 91

BankInovation

SEPTEMBER 28, 2021

Facebook for years may have topped cybersecurity firm Vade’s “Phishers’ Favorites,” a report of the most impersonated brands in phishing attacks, but the $2 trillion Credit Agricole bank recently edged out the social media giant with 17,755 unique phishing URLs. Facebook’s topple from the No. 1 spot was a surprise, Adrien Gendre, chief product officer […].

social media 98

social media Branding Report 98

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

CFPB Monitor

SEPTEMBER 28, 2021

Last week, the California Department of Financial Protection and Innovation (DFPI) brought its first enforcement action against a debt collector and debt buyer for violating the state’s Consumer Financial Protection Law (CCFPL). The DFPI’s Desist and Refrain Order and Order Assessing Penalties (totaling $375,000) charges F & F Management Inc. (F&F) with violating the CCFPL by (1) engaging in unfair acts and practices, and (2) and violating the CA Rosenthal Fair Debt Collection Practices

CA 78

CA California Report Innovation 78

CFPB Monitor

SEPTEMBER 28, 2021

The CFPB has released its first in-depth report analyzing complaint submission patterns throughout the credit life cycle, by demographic characteristics. The findings are based on the approximately 1 million consumer complaints that were submitted to the CFPB between 2018 and 2020. To prepare the report, the CFPB matched address information from complaints to census tracts.

Report 78

Report Community 78

BankInovation

SEPTEMBER 28, 2021

Automated technologies like artificial intelligence (AI) and robotic process automation (RPA) can help banks and financial institutions in their anti-money laundering (AML) activities due to the massive amount of data to sift through. "The problem we're here to try and solve is financial crime," said Patrick Dutton, senior vice president, head of financial crime risk […].

Data 97

Data Technology Security 97

ATM Marketplace

SEPTEMBER 28, 2021

As bitcoin soars in value, so too do opportunities for Bitcoin ATMs.

ATM 136

ATM Bitcoin 136

William Mills

SEPTEMBER 28, 2021

Finovate Fall 2021 was back in person and better than ever. Over 1,100 fintech professionals and industry leaders joined the event in New York City for a three-day conference filled with innovative content and cutting-edge demos. With the pandemic still a primary concern among Americans, the conference required proof of vaccination in order to attend – a trend that is likely to continue for industry events in the future.

New York City 73

New York City Conference New York Trends 73

Advertisement

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

Lending

TheGuardian

SEPTEMBER 28, 2021

Amount sought from ANZ and the Commonwealth Bank-owned ASB could be in excess of $100m • Get our free news app ; get our morning email briefing A New Zealand law firm has filed a multimillion-dollar class action against two Australian-owned Kiwi banks on behalf of 150,000 home and personal loan customers. In Auckland high court proceedings, Russell Legal claims the customers are entitled to the return of interest and fees paid on loans taken out from ASB Bank, which is owned by the Commonwealth

72

72

CB Insights

SEPTEMBER 28, 2021

Combined, the 5 big tech companies — Facebook, Apple, Microsoft, Google, and Amazon — are worth 3 times the collective valuation of all 800+ unicorns in the world. That kind of size can make waves in almost any industry. That’s why we’ve put together all of our top research on big tech’s strategies and ambitions, including deep dives in areas like financial services and healthcare.

Report 64

Report Apple Google Strategy 64

The Paypers

SEPTEMBER 28, 2021

Mastercard has announced that its Mastercard Installments BNPL programme will come to market in the US, Australia and the UK.

US 74

US Marketing 74

ABA Community Banking

SEPTEMBER 28, 2021

In 2020, local business conditions were top of mind for community bankers. This year, the lingering effect of COVID-19 on local economies has created a new concern: historic levels of deposits and narrow net interest margins. The post Bankers Viewpoints Shift as Pandemic Continues, CSBS Annual Survey Highlights appeared first on ABA Banking Journal.

Survey 52

Survey Community Community Bank Lending 52

Advertisement

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

Report

The Paypers

SEPTEMBER 28, 2021

Logiq ,a US-based provider of ecommerce and fintech solutions, has announced the launch of an app in Indonesia that combines all of its mobile ecommerce and fintech solutions.

Fintech 52

Fintech US Mobile 52

American Banker

SEPTEMBER 28, 2021

Google 101

Google Data 101

The Paypers

SEPTEMBER 28, 2021

Trulioo , a Canada-based identity verification company, has announced five new customers in the remittance sector: Sokin , Bano Financial , Global66 , SwapMoney and Supersonicz.

Company 41

Company 41

American Banker

SEPTEMBER 28, 2021

Taxes 94

Taxes Policies Compliance Regulation 94

Advertisement

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.

Lending

The Paypers

SEPTEMBER 28, 2021

BANK Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) announced plans to commence a phased linkage of Malaysia’s DuitNow and Singapore’s PayNow payment systems.

System 36

System Payments 36

American Banker

SEPTEMBER 28, 2021

Community Bank 93

Community Bank Community Compliance Regulation 93

The Paypers

SEPTEMBER 28, 2021

The Swiss Financial Market Supervisory Authority ( Finma ) has approved the real estate asset manager Swiss Prime Site Solutions as a fund management company.

Management 36

Management Company Marketing 36

American Banker

SEPTEMBER 28, 2021

Compliance 86

Compliance Regulation 86

Advertisement

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.

Lending

The Paypers

SEPTEMBER 28, 2021

Identity verification provider Veriff has announced a partnerhsip with SimpliFi , a Cards-as-a-Service (CaaS) platform for MENA and Pakistan.

Cards 36

Cards 36

American Banker

SEPTEMBER 28, 2021

America 86

America 86

The Financial Brand

SEPTEMBER 28, 2021

Many financial institutions fail in an area of rising importance to consumers. The key is to move from budgeting tools to contextual advice. The post Both Banks & Fintechs Blow It With Financial Wellness… What’s Wrong? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Fintech 35

Fintech Banking Trends Analysis Trends 35

American Banker

SEPTEMBER 28, 2021

84

84

Advertisement

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.

Compliance