South State Correspondent
FEBRUARY 14, 2022
Scoff at the NFT’s all you want, but they are your bank’s future. Not every bank, just those that will survive. All the crypto ads during the Super Bowl are another sign of this. Sure, in part, it’s a hype-driven Pets.com moment. However, like the changes that took place around Web 1.0, Web 3.0 is genuine and is set to have a similar impact on eCommerce and banking.
SWBC's LenderHub
FEBRUARY 14, 2022
Last Week. It was another week for the ages. On Thursday, the January CPI reading came in much higher than expected (and expectations were pretty high) with price pressure hitting just about every part of the economy. The two-year Treasury note started the morning at about 1.31% and by late morning, post-CPI the note’s yield breached 1.60% before “settling back down” at 1.59 at day's end.
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CFPB Monitor
FEBRUARY 14, 2022
A new decision from the U.S. Court of Appeals for the Seventh Circuit in two consolidated cases analyzes the requirements for Article III standing in a FDCPA case. It also addresses what a debt collector must show to establish that it maintained procedures reasonably adapted to avoid an error as required by the FDCPA’s bona fide error defense. Under the bona fide error defense, a debt collector is not liable for a FDCPA violation if it shows by a preponderance of the evidence that (1) the viol
TheGuardian
FEBRUARY 14, 2022
Roger Ng pleads not guilty to helping to launder millions of dollars looted from Malaysian sovereign wealth fund Opening statements are expected to take place on Monday in the US corruption trial of a former Goldman Sachs banker charged with helping to launder hundreds of millions of dollars looted from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, stands accused of conspiring to launder money and to violate an anti-bribery law.
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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
BankInovation
FEBRUARY 14, 2022
In today’s transaction-driven banking environment, providing an exceptional treasury management experience and service are key factors in creating value for customers. In order to optimize treasury’s value, banks must embrace automation in their sales and onboarding processes to reduce the amount of time between when a new treasury customer says “yes” to the first time […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
FEBRUARY 14, 2022
Cross River Bank is leveraging digital payments platform PayTile’s banking-as-a-service (BaaS) offering to power the fintech’s peer-to-peer (P2P) geolocational services. PayTile, which counts Plaid among its existing integrations, facilitates digital payments based on geographic proximity, giving users the ability to send and receive instant payments without exposing personal information.
SWBC's LenderHub
FEBRUARY 14, 2022
With delinquencies expected to increase as government stimulus funds dry up, financial intuitions’ net interest margins will likely continue to be squeezed. As new car sales improve, 2022 should be a solid year for collateral protection insurance (CPI).
BankInovation
FEBRUARY 14, 2022
Payments sent using Zelle surpassed checks written by Bank of America customers in 2021. The real-time payments platform’s usage was also up 20% in January 2022 over the previous year. The $3.1 trillion bank saw a 17% increase at $335 million in total payments during January, its second-highest month of spending on record. Bank of […].
TheGuardian
FEBRUARY 14, 2022
Taxpayer owned bank confirms 21 NatWest and 11 RBS outlets to go with most staff redeployed NatWest has become the first bank this year to announce it will close some of its outlets as customers shun branches for mobile banking. The high street lender will shut 32 branches across its NatWest and Royal Bank of Scotland brands in England and Wales over the next year.
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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
BankInovation
FEBRUARY 14, 2022
Bank of America today launched Pay by Bank, a real-time payment option that allows customers of e-commerce companies in the U.K. to pay directly from their bank accounts. The $3.1 trillion bank launched the solution with fintech Banked Ltd., which provides an account-to-account payment software platform. Also today, London-based Banked raised $20 million in a […].
Tomorrow's Transactions
FEBRUARY 14, 2022
16 years on from PIN day (Valentines Day 2006) how is our relationship with PIN holding up? Last year Dave Birch postulated that PIN was in decline and indeed no longer necessary as our mobile phones make use of various biometrics to authenticate us and our transactions, but as we often remind ourselves in Chyp,… Continue reading PIN: we need to talk about our relationship.
BankInovation
FEBRUARY 14, 2022
Dominic Cugini, domain chief information officer of service digitization at KeyBank, will present on “Designing smarter automation through robotic process automation (RPA)” on Wednesday, March 2 at 10:15 a.m. ET at the Bank Automation Summit 2022, to be held March 1-2 at JW Marriott in Charlotte, N.C. Cugini will share $186.3 billion KeyBank’s RPA journey […].
FICO
FEBRUARY 14, 2022
Traditional scorecards have been the backbone of IRB expected capital loss calculations for years, but could advances in machine learning provide better models and reductions in IRB and RWA calculations? In November 2021, the European Banking Authority (EBA), the prudential arm of the European Union, issued a discussion paper on the use of machine learning in IRB models.
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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.
The Paypers
FEBRUARY 14, 2022
UK regulators have warned banks on use of artificial intelligence (AI) in loan applications, as high street lenders must ensure machine learning does not worsen discrimination against minorities.
ABA Community Banking
FEBRUARY 14, 2022
The OCC, Federal Reserve and FDIC plan to issue a CRA notice of proposed rulemaking in the near future. The post OCC’s Hsu: Agencies to Release CRA NPR in ‘Not-Too-Distant Future’ appeared first on ABA Banking Journal.
The Paypers
FEBRUARY 14, 2022
Moody’s Analytics has announced the launch of CreditLens, an integrated lending solution designed to support the workflow of commercial real estate.
The Banker
FEBRUARY 14, 2022
South Korea’s economy has bounced back strongly from the pandemic slump, thanks largely to its dominance of the semiconductor space. Yet with a presidential election on the horizon and further interest increases forecast, there is still some uncertainty as to future growth potential. Kimberley Long reports.
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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.
The Paypers
FEBRUARY 14, 2022
Global digital wallet provider Sticpay has announced it expands its Forex cashback service by introducing six new brokers to its portfolio.
The Banker
FEBRUARY 14, 2022
After being hit hard in the early days of the pandemic, Bahraini lenders are cautiously optimistic about growth prospects for 2022.
The Paypers
FEBRUARY 14, 2022
Germany-based security company Fraugster has teamed up with marketplace payout specialist Payaut to provide fraud prevention, compliance, and revenue solutions to marketplaces.
American Banker
FEBRUARY 14, 2022
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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.
The Paypers
FEBRUARY 14, 2022
Paysafe has announced the expansion into the Louisiana and Oregon mobile sport-betting markets in the US as a sports-bettor deposits processor.
American Banker
FEBRUARY 14, 2022
The Paypers
FEBRUARY 14, 2022
Payment processing company Adyen has launched tech hubs in the US and Spain, focused on developing new payment technologies.
American Banker
FEBRUARY 14, 2022
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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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