MerhantsBanks
OCTOBER 27, 2021
Merchants Financial Group, Inc. (MFGI) has announced financial performance results for the third quarter and two forthcoming dividend payments to shareholders, according to MFGI President & CEO Gregory M. Evans. As a result of strong earnings performance, during its October meeting the MFGI Board of Directors authorized an increase in the semiannual dividend payment from […].
BankInovation
OCTOBER 27, 2021
Growing employee demand for being paid instantly rather than biweekly ? led by today's gig economy ? is soon expected to spill over into more traditional employers' payroll systems. That was the consensus among a panel of payments and research executives speaking about the opportunities for instant payments at the Money 20/20 conference in Las […].
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TheGuardian
OCTOBER 27, 2021
Consumer Reports study finds many pay high annual percentage rates despite good credit scores while car loan debt soars to $1.4bn Americans with new car loans are paying about 25% more for their vehicles every month compared with a decade ago, according to a new investigation from Consumer Reports, with auto loan debt in the US now surpassing $1.4tn.
BankInovation
OCTOBER 27, 2021
LAS VEGAS – PointPredictive announced Wednesday during the Auto Finance Summit it has launched a new tool aimed at helping auto lenders minimize fraud risk. The risk management solution provider’s Case Manager and Rules Engine solution is designed to protect lenders against fraud while increasing origination speed, Vice President of Marketing and Growth Dennis Behrman […].
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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
TheGuardian
OCTOBER 27, 2021
Bank, which is Britain’s third-largest mortgage lender, reports pre-tax profits of £687m for third quarter Profits at Santander UK more than quadrupled in the three months to the end of September, as the bank benefited from further growth in mortgages and improving economic conditions. The bank, which is the country’s third largest mortgage lender, reported pre-tax profits of £687m for the third quarter, up 350% from £151m during the same period in 2020.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
OCTOBER 27, 2021
Treasury confirms that 35 bank groups and building societies will avoid sector-specific surcharges entirely TSB, Co-operative Bank and Leeds Building Society are among the lenders expected to escape a levy imposed on the sector, following the chancellor’s announcement of a £4bn City tax cut in his budget speech on Wednesday. Rishi Sunak said the government would increase the proportion of profits exempt from the bank surcharge from £25m to £100m from April 2023.
BankDeals
OCTOBER 27, 2021
Credit Human (easy membership requirement) has increased the rate on its 36-59 month CD to a competitive level. Minimum opening deposit is $1k. Also as an IRA CD.
The Paypers
OCTOBER 27, 2021
US-based payment processing company Mastercard has launched an accessible card standard designed to help partially sighted and blind people, called the Touch Card.
ABA Community Banking
OCTOBER 27, 2021
Meet newly elected ABA Chair Scott Anderson. On the podcast, Anderson discusses his goals for ABA during his chairmanship and his perspective on being "creatively entrepreneurial" as a banker. The post Podcast: The Fine Art of Leadership in Banking appeared first on ABA Banking Journal.
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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
CB Insights
OCTOBER 27, 2021
Clear , a tax filing software firm, has raised $75M in a Series C. This round drew participation from Stripe, Think Investments, and Kora Management, among others. HOW’S THE COMPANY PERFORMING? India-based Clear offers an online platform for tax filing and processes over 10% of India’s business invoices. The company has grown by 5 times over the last 18 months.
MerhantsBanks
OCTOBER 27, 2021
Merchants Financial Group, Inc. (MFGI) has announced financial performance results for the third quarter and two forthcoming dividend payments to shareholders, according to MFGI President & CEO Gregory M. Evans. As a result of strong earnings performance, during its October meeting the MFGI Board of Directors authorized an increase in the semiannual dividend payment from […].
CB Insights
OCTOBER 27, 2021
Jones Lang LaSalle (JLL), a commercial real estate (CRE) services firm, has acquired Building Engines , a property management software provider, for $300M. The deal is expected to close in Q4’21. WHO ARE THE PARTIES TO THE DEAL? Building Engines: Boston-based Building Engines’ platform, Prism, brings together the technology and applications required for building management in one place.
PopularBank
OCTOBER 27, 2021
Our priority is to keep your account safe and secure. With an increasing number of customers falling victim to scams, we want to help you identify common scam tactics so that you can better protect yourself and your account. Common scams to look out for. 1. Unsolicited requests. Scammer sends you an unsolicited request or impersonates a valid contractor or supplier to update payment details (such as beneficiary account information or a change to payment method).
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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.
FICO
OCTOBER 27, 2021
One of the biggest challenges of working with data and building predictive models is identifying and handling inherent biases in the data. Here, bias can arise for a number of reasons, including how the data was collected, why it was collected, and simply because bias is inherent in our society. While techniques exist to detect whether a model produces biased results among protected groups, there are insufficient methods to uncover the biased relationships a machine learning model may learn from
Tomorrow's Transactions
OCTOBER 27, 2021
Our most recent webinar was on the topic of QR Codes. As the discussion showed over the past year, driven by the pandemic, businesses have started to realise that QR codes can be used to transform the payments experience – meaning that the utility of QR codes seen in their widespread use in eastern markets… Continue reading QR – codes the comeback (they never really went away).
The Paypers
OCTOBER 27, 2021
Early Warning Services , the network operator behind Zelle , and Fiserv , have partnered with financial institutions to empower minority and underserved communities to access real-time payments through Zelle, according to Crowdfund Insider.
American Banker
OCTOBER 27, 2021
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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
OCTOBER 27, 2021
Australia-based PlayUp has partnered with Paysafe to support its offering in regulated gaming and sports betting markets.
American Banker
OCTOBER 27, 2021
The Paypers
OCTOBER 27, 2021
India-based Zolve , a neobanking startup helping US immigrants to gain access to financial services, has raised USD 40 million in a new financing round as it begins to roll out its offerings.
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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
OCTOBER 27, 2021
UK-based digital bank Monzo has planned discussions with a number of investors about raising at least GBP 300 million in new funding, according to Sky News.
American Banker
OCTOBER 27, 2021
The Paypers
OCTOBER 27, 2021
UK-based digital identity verification platform Shufti Pro has partnered with Open Systems Technologies to help financial institutions in mitigate identity fraud while in line with AML/KYC regulations.
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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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