Perficient

JANUARY 27, 2022

On January 20, 2022 the Federal Reserve released a discussion paper that examined both the pros and cons of a potential U.S. Central Bank Digital Currency (CBDC). The Federal Reserve invited comments from the public, in particular regarding whether and how a CBDC could improve America’s safe and effective domestic payments system. For the purpose of the paper, the Federal Reserve defined a CBDC as a digital liability of a central bank that is widely available to the general public.

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Accenture

JANUARY 27, 2022

As I touched on in previous posts, banks operating in today’s financial ecosystem are being forced to reconcile traditional models of customer service with customers’ expectations of digitized experiences. It is no longer enough to simply have products and services to offer—banks today understand the need to perceive and respond to both the emotional and….

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Abrigo

JANUARY 27, 2022

Higher Fed Rates Ahead: Plan Now to Manage Impact on Deposits The Fed's signal of higher interest rates reiterates the importance of financial institution ALM and deposit management strategies, policies, and programs. . You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring and Controlling IRR" WATCH . Takeaway 1 Without proper ALM planning and deposit management, the expected Fed rate hike might not generate expected rewards. .

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MerhantsBanks

JANUARY 27, 2022

Merchants Financial Group, Inc. (MFGI) announced year-end earnings for 2021 with net income of $28,770,000, according to MFGI President & CEO Gregory M. Evans. The earnings exceeded MFGI’s plan for the year by more than $8.2 million and is an increase of 33.8% over 2020 earnings. “During another unique year, our team was amazing at […].

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Groups 98

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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

JANUARY 27, 2022

Tech labor costs are an “elephant in the room” for technology companies and banks. While that’s true for Capital One, the $432.4 billion bank may face “more of a headwind” with regard to the tech talent shortage, CEO Rich Fairbank said during this week’s earnings call. “I want to savor that for a second,” Fairbanks […].

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BankInovation

JANUARY 27, 2022

IncredibleBank is building on its existing Jack Henry partnership by selecting the core provider’s custom automated solution to enhance the bank’s digital account opening and funding processes. The $1.7 billion Wausau, Wisc.-based bank has previously leveraged a range of Jack Henry offerings, including real-time payments solution JHA PayCenter and the Banno Digital Platform.

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Jack Henry

JANUARY 27, 2022

The year 2021 introduced the world to more small businesses than ever before. Many entrepreneurs turned losing their jobs (or gaining a few hours in their commute-free days) into opportunities to pursue dreams. Applications to form new businesses were up by 58% in the first nine months of 2021. What’s most interesting about this trend is that many are taking a less risky approach to starting a business in the form of “side hustles,” or projects worked on in free time alongside their full-time jo

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SWBC's LenderHub

JANUARY 27, 2022

Effective March 19, 2021, Nacha’s account validation rule requires ACH originators of WEB entries to use a commercially reasonable fraud detection system to verify new consumer account information. WEB debit entries, by definition, are debits to consumers’ accounts where authorization is communicated via the internet or a wireless network. Nacha does not require a specific method to be used for account validation but has provided examples of acceptable forms of validation.

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ATM Marketplace

JANUARY 27, 2022

This session shares the latest research on best practices to help leaders coach teams and optimize processes and technology to empower agents and improve operations for better CX outcomes.

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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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The Emmerich Group

JANUARY 27, 2022

Loan growth in your bank has never been more important. And it’s probably never been harder. There have probably never been more desperate competitors who are willing to undercut your best customers. Competitors who will take that business away at a profit margin that you can’t even understand—at a margin that you’re sure it is. Continue Reading.

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Strategy 66

Tomorrow's Transactions

JANUARY 27, 2022

Insecure technology is regularly cited as barrier to the use of online voting systems, in particular when casting your vote through your mobile phone, rather than putting your cross on a piece of paper and putting in a box at the polling station or mail box. At the same time those detractors trust the same… Continue reading Can Current Technology Deliver Secure Mobile Voting Solutions?

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CB Insights

JANUARY 27, 2022

Creditas , a digital lending platform, has raised $260M in a Series F round that drew participation from SoftBank Group, VEF, Fidelity Investments, Lightrock, and Wellington Management, among others. HOW’S THE COMPANY PERFORMING? Brazil-based Creditas (formerly BankFacil) offers collateralized loans to consumers. The company expects that its annualized revenue for 2021 will come in at $200M.

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The Paypers

JANUARY 27, 2022

Binance has announced it will be rolling out SEPA withdrawals and deposits for the EU and other non-EU countries in due course, following a suspension of SEPA services in July 2021.

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Course 53

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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.

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American Banker

JANUARY 27, 2022

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The Paypers

JANUARY 27, 2022

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have decided to introduce additional measures to bolster the security of digital banking, according to The Fintech Times.

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Fraud Digital Banking Fintech Security 53

American Banker

JANUARY 27, 2022

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Payments 99

The Paypers

JANUARY 27, 2022

Meta Platforms-led enterprise Diem Association has decided to sell its technology to Silvergate Capital for USD 200 million, according to CoinDesk , citing The Wall Street Journal.

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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.

US

American Banker

JANUARY 27, 2022

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The Paypers

JANUARY 27, 2022

According to Bloomberg , Apple has considered its intention to release a new version of its iOS system that will allow small businesses to accept payments directly on their iPhones without requiring additional hardware.

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American Banker

JANUARY 27, 2022

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Payments 69

The Paypers

JANUARY 27, 2022

US-based video game commerce company Xsolla has started collaborating with Paytm to bring gaming payments solutions to India.

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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

American Banker

JANUARY 27, 2022

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Fintech 69

The Paypers

JANUARY 27, 2022

China-based UnionPay International (UPI) has announced a strategic commercial partnership with payment technology platform and PCI DSS Level 1 certified payment processor Bancstac.

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American Banker

JANUARY 27, 2022

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Payments 68

The Paypers

JANUARY 27, 2022

Switzerland-based stock exchange operator Six has announced partnering with the banking software manufacturer Finnova.

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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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