Perficient

MARCH 3, 2022

The Office of the Comptroller of the Currency (OCC) recently released the economic and financial market scenarios that will be used in the upcoming stress tests for covered institutions. Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses.

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Capital Regulation Exercises United States 294

Abrigo

MARCH 3, 2022

In today’s banking world, community banks are focused sharply on shareholders’ expectations for growth in earnings and return on equity. So, how can community banks support earnings and ROE growth in the face of intense regulatory scrutiny and competitive pressures on profitability? By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably.

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Lending Community Marketing Community Bank 195

CFPB Monitor

MARCH 3, 2022

In a move intended “ to thwart illegal repossessions in the heated auto market ,” the CFPB has issued a compliance bulletin that describes conduct related to repossession that it has found to be an unfair, deceptive, or abusive act or practice (UDAAP) and sets forth the Bureau’s expectations for actions entities should take to prevent UDAAPs. In the bulletin’s background discussion, the Bureau expresses concern that the strong demand for used automobiles and accompanying rise in used automobile

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Compliance Examples Regulation Marketing 148

ABA Community Banking

MARCH 3, 2022

On the latest episode of the ABA Banking Journal Podcast, Ohio bank CEO Mike Vynalek discusses his own journey in community bank advocacy and how he's getting emerging leaders at his bank involved in advocacy. The post Podcast: Seeing Results from Community Bank Advocacy appeared first on ABA Banking Journal.

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Community Bank Community Ohio Leadership 131

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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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CFPB Monitor

MARCH 3, 2022

A new CFPB report titled “ Medical Debt Burden in the United States ,” takes aim at medical debt collections, with the CFPB indicating that it intends to “[d]etermine whether policies should be implemented to eliminate unpaid medical billing data on credit reports altogether.”. The CFPB found that as of 2021, medical debt was the most common debt collection tradeline on credit reports, constituting 58% of all third-party tradelines.

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Report United States Policies Compliance 147

CFPB Monitor

MARCH 3, 2022

In addition to discussing what cryptocurrency is, we look at some of the regulatory rules that apply to this increasingly popular but complicated financial instrument, including registration and compliance program requirements, and consider how crypto exchanges, financial institutions, and other businesses should address crypto transactions involving unhosted digital wallets and requirements for the identification and reporting of counter-parties to transactions.

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cryptocurrency Compliance Groups Report 113

TheGuardian

MARCH 3, 2022

UK foreign secretary issues statement after some Russian banks were omitted from Swift expulsion Ukraine-Russia crisis: latest updates Western sanctions must be extended to include all Russian banks, ending the carve-out for energy-related Russian institutions, the UK foreign secretary has said following a meeting in Vilnius with foreign ministers from the three Baltic countries.

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Meeting Policies Industry 98

BankInovation

MARCH 3, 2022

CHARLOTTE, N.C. — Unstructured data in documents is an automation focus for the Bank of Montreal. The $773 billion bank is employing artificial intelligence-based (AI) document handling as a chief technology, Atul Verma, BMO’s CIO of U.S. personal and business banking said Tuesday during the Bank Automation Summit 2022. Intelligent document processing using technologies such […].

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Charlotte Lending Technology Data 98

ATM Marketplace

MARCH 3, 2022

Can operators protect ATMs from attacks? The solution is to make the ATM a less attractive target.

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ATM How To Operations 116

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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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BankInovation

MARCH 3, 2022

Donations to the Ukrainian government and associated charitable organizations are skyrocketing as the fighting has intensified against invading Russian forces. Cryptocurrencies have figured conspicuously in the effort, billed as a new and welcome resource for the country in a time of crisis. But Ukraine’s journey into the cryptoverse has had its bumps, serving as much […].

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cryptocurrency Resources Bitcoin 98

Jack Henry

MARCH 3, 2022

Over the last month or so, we’ve been hearing that Russia is building its forces on the border of Ukraine. We’ve also heard that economic sanctions would be coming if Russia invaded Ukraine. There was a wide range of things being tossed around for well over a month on potential sanctions.

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US 78

BankInovation

MARCH 3, 2022

John Elton, chief information officer of $40 billion TIAA Bank, said during his fireside chat at the Bank Automation Summit on Wednesday that regulatory compliance is where the bank is “now really beginning to spend a lot of time." While Elton noted that the Jacksonville, Fla.-based bank has always been regulatory compliant, he stressed the […].

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Compliance Jacksonville Data Security 98

ATM Marketplace

MARCH 3, 2022

The 2022 Kiosk Marketplace Census Report is your exclusive look at statistics on the self-serve kiosk industry’s size, operating metrics and outlook from both users and suppliers.

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Report Operations 83

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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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BankInovation

MARCH 3, 2022

In “Banks Need Impactful New Ideas They Can Execute”, I presented a framework that banks can use to bring innovations to the market and described four phases of the innovation process: Ideation, Discovery & Planning, Idea Development/Incubation, and Realization. I also noted the importance of not being afraid to kill an idea at any point […].

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Innovation Marketing 97

CB Insights

MARCH 3, 2022

Tiger Global has shaken up venture capital with the pace and aggressiveness of its dealmaking. In 2021, the investment firm backed 335 deals — up 324% from 2020’s 79, and more than any other investor globally. That equates to 1.3 deals per business day. Tiger Global has only accelerated its dealmaking in 2022 so far, doing 2 deals per business day — in spite of a rocky few months of lower-than-average fund returns and a broader public-market tech stock selloff.

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Management blockchain Strategy Capital 69

BankInovation

MARCH 3, 2022

Hometown Bank, based in Fond Du Lac, Wis., announced Tuesday that it will implement Teslar workflow and portfolio management tools to automate processes across its commercial lending division. The $657.7 million bank will use the solution to centralize all its systems onto one interface. The ease of use for the software management tool impressed the […].

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Tools Lending Software System 97

CB Insights

MARCH 3, 2022

Payhawk , a B2B spend management startup, has raised $100M in an extended Series B. The round drew participation from Lightspeed Venture Partners, Greenoaks Capital Management, Earlybird Venture Capital, and QED Investors, among others. How’s the company performing? UK-based Payhawk offers credit cards and spend management services for businesses.

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Management Company Capital Apple 65

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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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TheGuardian

MARCH 3, 2022

We have yet to hear from Xavier Rolet but Lord Barker’s defence for staying put has a major hole A notable name of the London Stock Exchange’s fresh 27-strong list of suspended stocks was PhosAgro, the giant fertiliser group backed by Russia billionaire businessman Andrei Guriev, the reported owner of Witanhurst, London’s second largest home after Buckingham Palace.

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Groups Report Industry 51

CB Insights

MARCH 3, 2022

Time by Ping , a time automation company, has raised $36.5M in a Series B funding round that drew participation from ACME Capital, Anthos Capital, and Initialized Capital, among others. HOW’S THE COMPANY PERFORMING? California-based Time by Ping helps lawyers automate timekeeping. The company states that its annual recurring revenue more than tripled in 2021.

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Software California Capital Company 62

The Paypers

MARCH 3, 2022

Sweden-based global furniture provider IKEA has announced it temporarily closes its stores in Russia and pauses all sourcing in Belarus and Russia.

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Operations 53

The Banker

MARCH 3, 2022

As Asian governments ease lockdown measures and reopen borders, a group of regional economists share their thoughts with Kimberley Long on how the region has been affected over the past two years and which sectors are in the most need of additional support for recovery.

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Regional Groups 36

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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 Emmerich Group

MARCH 3, 2022

I bet your strategic plan does not have anything in it that says, “We want to match rates. We want to shrink our net interest margin. Oh, what can we do to match the rates of our desperate competitors?” Of course, those words aren’t in your strategic plan. And yet have you noticed that the. Continue Reading. The post Stop Rate Matching, Increase Your Net Interest Margin appeared first on Roxanne Emmerich.

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Course Marketing 36

The Paypers

MARCH 3, 2022

ThetaRay has announced that its system can identify attempts to circumvent economic and trade sanctions and help governments and financial institutions maintain uninterrupted correspondent banking activities.

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System 36

American Banker

MARCH 3, 2022

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Payments cryptocurrency 74

The Paypers

MARCH 3, 2022

Worldpay from FIS , a payments processor, has partnered with Shyft Network , a digital identity system designed to bring the cryptocurrency industry in line with global anti-money laundering (AML) rules.

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cryptocurrency System Industry Payments 36

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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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