Wed.Jun 23, 2021

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A Data Governance Maturity Model for Financial Services (Part 4 of 4)

Perficient

In my last blog post, I shared what a 360-degree view of data means when centered around data lineage principles. Today, in my final blog post of this data lineage series, I’ll discuss how Perficient’s Data Governance Maturity Model can help enhance your data programs. Given the power of data lineage to augment and enforce an established enterprise data management program, it often helps to have an experienced partner on the team.

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Morgan Stanley to bar unvaccinated staff from New York offices

TheGuardian

Bank warns staff they have less than three weeks to take both Covid jabs or continue working from home Coronavirus – latest updates See all our coronavirus coverage Employees and visitors to Morgan Stanley will be barred from entering the bank’s New York offices unless they are fully vaccinated against Covid-19 from next month, as the Wall Street firm prepares to get staff back to their desks by early September.

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CECL’s First Wave Offers Insights for Smaller Banks

ABA Community Banking

Many banks have until January 1, 2023 before they must implement the current expected credit loss standard, or CECL. But it’s not too soon to start gleaning lessons from larger institutions that are already utilizing the new standard. The post CECL’s First Wave Offers Insights for Smaller Banks appeared first on ABA Banking Journal.

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Nicolet Bank Buys Wisconsin Rival in $219M Deal

Banking Exchange

Fifth Third, Farmers National, and Accenture all announce acquisitions Management Feature M&A Feature3.

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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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BNY Mellon expands automated liquidity management solution with cross-currency sweeps

BankInovation

BNY Mellon is expanding its cash-management solutions by tacking on cross-currency sweeps, allowing clients with cash holdings in multiple currency accounts to concentrate them into their preferred base currency.?The automated liquidity-management tool was launched today and can help reduce internal cash management costs and risks. “Sweeping” refers to the process of moving cash balances from […].

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State AGs file opposition to FDIC’s summary judgment motion in lawsuit challenging “Madden-fix” rule

CFPB Monitor

The state attorneys general have filed their opposition to the FDIC’s motion for summary judgment in their lawsuit to set aside the FDIC’s “ Madden -fix” rule. The filing also includes the AGs’ reply to the FDIC’s opposition to their summary judgment motion. The lawsuit is pending before the same California federal district court judge (Judge Jeffrey S.

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How Bitcoin ATMs Can Benefit Your Business

ATM Marketplace

Bitcoin ATMs are quickly becoming more common. But how beneficial are they to your business? Ayman Rida, CEO of Cash2Bitcoin, discusses this and more with Bradley Cooper, editor of ATM Marketplace.

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Wyoming Bank Latest to Receive ‘Special Purpose’ Charter

Banking Exchange

Wyoming bank receives digital services charter as controversy over issuance continues Community Banking Feature3 Feature Compliance.

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Listen: How machine learning reduces false positives in AML

BankInovation

Artificial intelligence-based security company Hawk AI today announced it has raised $10 million in series A funding. The Munich-based company is an anti-money laundering/combating the financing of terrorism (AML/CFT) platform that runs in the cloud. It will use the funds “for the international expansion of [its] business in Germany, Europe and the U.S., as well […].

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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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Appointments: Middlefield, Pacific Western, Regions Bank

Banking Exchange

Middlefield CEO to retire, while Pacific Western creates chief innovation officer role Management Feature Human Resources Feature3.

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Bowman: Community Banks ‘Irreplaceable’ in Meeting Small Business PPP Needs

ABA Community Banking

Community banks are irreplaceable in responding to the needs of small business clients and in helping them access the multiple rounds of the Paycheck Protection Program funding during the pandemic, Fed Governor Michelle Bowman said today. The post Bowman: Community Banks ‘Irreplaceable’ in Meeting Small Business PPP Needs appeared first on ABA Banking Journal.

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Omnichannel Marketing: Giving Customers a Personal Experience

ATM Marketplace

The digital transformation of banking makes omnichannel marketing capabilities more valuable than ever.

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Podcast: Helping Entrepreneurs Get Back in the Game

ABA Community Banking

Banking leaders from around the country weigh in on ways that banks can partner with small businesses and aspiring entrepreneurs, The post Podcast: Helping Entrepreneurs Get Back in the Game appeared first on ABA Banking Journal.

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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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eRemit Singapore launches insurance scheme for migrant workers

The Paypers

Digital financial solutions provider eRemit Singapore has partnered with Hong Leong Assurance Singapore (HLAS) to offer a new insurance scheme for migrant workers in Singapore.

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Lloyds Banking Group to close 44 more branches

TheGuardian

Unions criticise decision to shut 29 Lloyds and 15 Halifax branches, taking closures to 100 this year Lloyds Banking Group is shutting a further 44 Lloyds and Halifax branches, sparking criticism from trade unions which say the lender is denying vulnerable consumers and small businesses of essential services. The latest closures – due to take place by November – means Lloyds will have shut a total of 100 branches in 2021, having already closed 56 sites in the spring, a year into the Covid crisis

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Unlimint signs agreement with Discover

The Paypers

Unlimint and Discover have signed an agreement that increases the global acceptance footprint for Discover Global Network and furthers Unlimint’s goal to help businesses worldwide.

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Cross River buys lending fintech, exec says ‘more to come’

American Banker

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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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Openpay to acquire automotive BNPL provider Payment Assist

The Paypers

Openpay , an Australia-based Buy Now, Pay Later (BNPL) provider, is set to acquire Payment Assist , a UK-based automotive BNPL provider, in a deal worth up to USD 39.8 million.

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Fintech helps small banks, credit unions break into student lending

American Banker

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With A $2.2B Deal, Acorns Is Joining The Wealth Tech SPAC Craze. Here’s What It Means For The Industry

CB Insights

The SPAC craze within the wealth management space continues. Following the recent mergers of MoneyLion , eToro , SoFi , and Bakkt , the “safe investing” app Acorns announced it would merge with Pioneer Merger Corp. in late May. Expected to close in the second half of 2021, the SPAC deal will value Acorns at $2.2B — more than double the $860M valuation it had in early 2019.

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Client Spotlight: Suzanne Knowlton of San Mateo Credit Union

Image Works Direct

Suzanne Knowlton may have been new to San Mateo Credit Union in 2020, but she wasn’t new to image.works. She had already worked with the company through her previous position with another credit union and was excited to further the partnership for SMCU’s marketing campaigns.

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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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Norwegian fintech ZTL selects Napier's anti-financial crime solutions

The Paypers

Regtech company, Napier , a provider of anti-financial crime compliance solutions, has announced its AI-led technology has been chosen by emerging Norwegian fintech, ZTL Payment Solution.

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President can fire FHFA director at will, Supreme Court says

American Banker

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GoCardless powers payments for Epson's printer ink subscription service ReadyPrint

The Paypers

UK-based recurring payments platform GoCardless has signed an agreement with printer manufacturer Epson to accelerate the rollout of its ReadyPrint ink subscription service.

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JPMorgan leads banks set to return $142 billion to shareholders

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.