SWBC's LenderHub

NOVEMBER 15, 2021

Last Week. The week began with the continued unwinding of the massive, long-dated Treasury short positions that have roiled the markets and, in large part, caused the 10-year to revisit technical lows in yields, getting as low as 1.41% on Tuesday. Then, October CPI came on Wednesday, and the market went from student body right to student body left. The CPI rose more than expected and was the highest reading in over 30 years.

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FICO

NOVEMBER 15, 2021

This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Fraud is a big burden for such organizations but there are of course other victims – people just like you and me. Their lives can be turned upside down and their finances ruined when they become victims of clever scam artists.

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Fraud Course Examples US 105

BankInovation

NOVEMBER 15, 2021

In this week’s podcast, the Bank Automation News team discusses what banks are doing to make it possible for customers to invest in cryptocurrency and how financial institutions can leverage blockchain beyond crypto. The BAN team also drills down on the growing popularity of buy now, pay later solutions in Mexico, where BNPL is being […].

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blockchain cryptocurrency 98

Banking Exchange

NOVEMBER 15, 2021

Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education Community Banking Feature3 Feature Fair Lending Bank On Initiative Inclusion Human Rights Diversity.

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System Community Bank Lending Community 78

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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

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BankInovation

NOVEMBER 15, 2021

Partners of the recently released Microsoft Cloud for Financial Services are making use of the platform's computing muscle and scalability, as well as MS software, to beef up their offerings and apps. "Every journey that requires artificial intelligence, machine learning or the data lake — all those journeys are directly powered by the AI technologies […].

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Digital Banking Software Data Technology 98

BankInovation

NOVEMBER 15, 2021

Financial-technology firm BM Technologies Inc. is turning the typical banking tie-up formula on its head with plans to acquire First Sound Bank, a Seattle-based community business lender. BM Technologies agreed to acquire First Sound for as much as $7.22 a share in a deal valued at $23 million, the Radnor, Pennsylvania-based firm said Monday in […].

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Pennsylvania Seattle Fintech Financial Technology 97

Banking Exchange

NOVEMBER 15, 2021

Citi bank scored 875 out of 1000 Mortgage Credit Mortgage Mortgage/CRE Feature3 Feature Customers.

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Report 78

ABA Community Banking

NOVEMBER 15, 2021

American Bankers Association President and CEO Rob Nichols today emphasized the importance of Bank On-certified accounts as a way to promote financial inclusion. The post Nichols Highlights Importance of Bank On-Certified Accounts appeared first on ABA Banking Journal.

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Community Bank Community Retail 64

PopularBank

NOVEMBER 15, 2021

We’re happy to announce that Tony Jao has joined Popular Mortgage as Vice President and Mortgage Loan Officer. Along with his more than 23 years’ experience in the banking and mortgage industry, Tony comes to Popular Mortgage with a particular expertise in residential lending 1 that will better serve the needs of clients in the New York Metro area. Follow Tony Jao in his impactful new role.

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Metro New York Resources Lending 52

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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

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FICO

NOVEMBER 15, 2021

For many businesses, the pandemic has resulted in a lack of clarity into the true financial position of a significant number of their customers, including potentially vulnerable customers. . Some are likely to be facing cashflow, crisis and vulnerability – despite moratoria, state aid and direct financial help. Others may rapidly bounce back despite the disruption caused by COVID.

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Analytics Management Tools System 52

The Paypers

NOVEMBER 15, 2021

New Zealand-based public technology company Xero and ecommerce platform Shopify have announced their partnership to support small businesses through the Shopify Plus Certified App Program (PCAP).

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Technology Company 57

CB Insights

NOVEMBER 15, 2021

Zenwork , a digital tax compliance and regulatory reporting technology provider , has raised $163M in growth equity funding from Spectrum Equity. HOW’S THE COMPANY PERFORMING? Arkansas-based Zenwork, formerly known as Tech Atlantis, is a RegTech firm that helps companies automate their tax reporting processes. The startup’s main products are Tax1099, an IRS-approved e-filing platform, and Compliancely, an identity verification platform.

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Taxes Compliance Technology Report 54

BankDeals

NOVEMBER 15, 2021

Evolve Federal Credit Union's (El Paso, Texas) rewards checking, ePriority Checking, offers one of the highest APYs for small balances.

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El Paso Texas 52

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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.

Lending

The Paypers

NOVEMBER 15, 2021

Delivery mobile application Rappi has planned to get regulatory approval to operate as a digital bank in Colombia in the first quarter of 2022, according to texasnewstoday.com.

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American Banker

NOVEMBER 15, 2021

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The Paypers

NOVEMBER 15, 2021

Bulgaria-based Software-as-a-Service startup Crypto APIs has launched an improved Wallet-as-a-Service (WaaS) to provide SMEs, enterprises, and institutions with an improved multi-currency digital wallet.

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Software 45

The Banker

NOVEMBER 15, 2021

What ‘normal’ will look like post-pandemic is not easy to predict, as inflation, rising interest rates and quantitative easing tapering lead to greater uncertainty in the year to come. Edward Russell-Walling reports.

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Report 36

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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.

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The Paypers

NOVEMBER 15, 2021

China-based payments app WeChat Pay has started a collaboration to connect directly with mobile apps of financial institutions in China, among efforts by regulators to integrate payments.

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The Banker

NOVEMBER 15, 2021

The European Commission’s proposals to better insulate EU banks from shocks have been met by the industry with concerns that they gold-plate Basel III rules [from Global Risk Regulator ].

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The Paypers

NOVEMBER 15, 2021

Amex has announced up to 240,000 bonus Membership Rewards points to new American Express Explorer card members who apply online by the end of November 2021.

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American Banker

NOVEMBER 15, 2021

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Lending 88

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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.

Compliance

The Paypers

NOVEMBER 15, 2021

American tech giant Apple has asked US states to chip in for people to use their iPhones as digital identification cards.

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American Banker

NOVEMBER 15, 2021

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Seattle Technology Community Bank Community 81

The Paypers

NOVEMBER 15, 2021

Revolut has closed a job posting on LinkedIn for a Crypto Tech Lead, in which the fintech detailed some of its upcoming crypto plans, according to AltFi.

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Fintech 41

The Financial Brand

NOVEMBER 15, 2021

Giving consumers a safer way to use debit in ecommerce is just a beginning. Parent PayPal's coup will supercharge Amazon sales and Venmo's own growth. The post The Disruptive Developments Amazon’s Acceptance of Venmo Will Deliver appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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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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