Thu.Sep 16, 2021

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Q2 2021 US credit card issuer snapshot

Accenture

Key themes Purchase volume has continued to exhibit a strong rebound (up 20%+ QoQ for all issuers) and has largely returned to pre-pandemic levels; American Express, in particular, points to a healthy return of T&E spend as a growth driver. YoY purchase volume growth was substantial given that Q2 2020 was the height of the…. The post Q2 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog.

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Augmented Chat: The Benefits of Personal Service in Digital Contexts

Jack Henry

Heidi Kassab, CEO of Cornerstone Community Financial (CCF) in Michigan, wasn’t thinking about a global pandemic when she decided to implement a secure, augmented chat solution. In fact, she wasn’t sure why her digital banking provider was so focused on building the new technology back in 2018. “[Ben Metz] told me about this new plan, and I just looked at him and said, ‘Are you crazy?

Michigan 179
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Central banks and history: a troubled relationship

BankUnderground

Barry Eichengreen. The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. This guest post by Barry Eichengreen, Professor of Economics and Political Science at the University of California Berkley, is based on material included in his keynote address at the conference. Learning from history is hard. At central banks, it can be hard to draw policymakers’ attention to historical evidence.

Policies 107
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Listen: Temenos on cores, clouds and a virtual COO

BankInovation

Banks of all levels, from large global firms to credit unions and challenger banks, are expressing interest in modernizing their core, Temenos Americas President Jacqueline White tells Bank Automation News in this week’s episode of “The Buzz” podcast. The reason varies, but core technology is aging, and with it the employees who can code in […].

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Trade groups file appeal from federal district court’s award of summary judgment to CFPB in challenge to payday loan rule

CFPB Monitor

The two trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule have filed an appeal with the Fifth Circuit from the Texas federal district court’s final judgment granting the CFPB’s summary judgment motion and staying the compliance date for the payment provisions until 286 days after August 31, 2021.

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More Trending

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This week’s podcast: A conversation with Nicholas Smyth, Senior Deputy Attorney General and Assistant Director for Consumer Financial Protection in the Pennsylvania Office of Attorney General

CFPB Monitor

We discuss recent and ongoing enforcement activity of the PA AG involving consumer financial services. Our conversation focuses on activity directed at: auto title lenders for alleged violations of PA usury law; national banks for alleged CARD Act violations; furniture retailers for alleged “hang tag” law violations; home sellers for alleged violations of mortgage laws arising from the use of contracts for deed; and phone scams.

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Titan Armored Brochure

ATM Marketplace

The Titan Armored team leverages over 250 years of combined management experience. We hire the best people available, and QSI cross-trains them on ATMs and ITMs for a seamless cash replenishment experience.

ATM 71
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UK Card Trends: Pandemic Savings Mask Picture of Debt

FICO

Our UK Credit Market Report of UK card trends for July 2021 reveals that there was an uplift in missed payment rates, whilst spend on cards marginally fell. There was also growth in cash usage. . It was the first full month of all retail and hospitality sectors being open; the school summer holidays started and the government furlough contribution reduced from 80 percent to 70 percent.

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QSI AYS Brochure

ATM Marketplace

QSI At Your Service takes care of everything, freeing you to focus on your customers/members. We make basic, upgraded and advanced technology easy, without a large capital outlay up front.

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The State of Automation in Financial Services 2024 Report

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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KYC And AML Compliance Technology Provider PassFort Raised $16.2M To Support Global Expansion

CB Insights

PassFort, a RegTech company, raised $16.2M in a mix of equity and debt. $11.3M came from a Series A round drawing participation from Level Equity, Open Ocean Capital, Episode 1 Ventures, and Entrepreneur First, and $4.9M worth of debt was provided by Shard Credit Partners. HOW’S THE COMPANY PERFORMING? UK-based PassFort offers SaaS solutions that address compliance challenges and elevate customer experiences.

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Fidelity Bank & Trust Adds New Rewards Checking Account

BankDeals

Fidelity Bank & Trust has added a new competitive rewards checking account, Hometown Hype Checking, which is available in northeast IA and nearby IL and WI.

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FDIC Launches Mission-Driven Bank Fund

ABA Community Banking

The FDIC today launched its new mission-driven bank fund, through which private investors—including corporations, financial institutions and philanthropic organizations—have the opportunity to support mission-driven banks that support low- and moderate-income, minority and rural communities. The post FDIC Launches Mission-Driven Bank Fund appeared first on ABA Banking Journal.

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Banks confront new type of phishing: 'Salami' attacks

American Banker

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Socure launches new fraud prevention tools

The Paypers

US-based digital identity platform, Socure , has launched the predictive document and identity verification solution with native fraud risk signals and intelligence.

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Fintechs look beyond unicorn status

The Banker

Reaching a $1bn valuation is not the rare occurrence that the term 'unicorn' would suggest, as many Asian fintechs can attest to. As such, there is now a whole industry built around helping start-ups to achieve this goal.

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Bettercard launches company card in cooperation with Solarisbank

The Paypers

Germany-based business card fintech Bettercard has announced partnering with the Solarisbank banking-as-a-service platform to launch a new company card.

Cards 41
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Getting Ready for FedNow’s Impact on Transaction Fees and More

The Financial Brand

Faster payments effort, accelerated to 2023, will upend the economics and competitive balance of an essential part of the banking business. The post Getting Ready for FedNow’s Impact on Transaction Fees and More appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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Pinnacle selects CashtoCode for instant sports and esports betting payments

The Paypers

Gambling company Pinnacle has partnered with payments service provider CashtoCode to help boost payment conversions in international markets.

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Item No. 1 on CFPB's packed agenda: Get a director

American Banker

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Yapily expands intro France following funding

The Paypers

Yapily , a European Open Banking infrastructure provider, has announces its expansion into France with investment, the opening of an office, and appointment of an expert team.

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'No going back': COVID-era benefits likely will become fixtures

American Banker

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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Bad User Experiences Destroy Great Marketing

The Financial Brand

In a digital world, a bad customer experience can undermine marketing, while a great experience can have a positive multiplier impact. The post Bad User Experiences Destroy Great Marketing appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Big credit card issuers make their moves in buy now/pay later

American Banker

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Modifi receives EUR 20 million in financing

The Paypers

Germany-based fintech MODIFI has announced a EUR 20 million financing in Series B, which brings its valuation to more than EUR 100 million.

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Fifth Third touts loan growth at recently acquired fintech

American Banker

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.