SWBC's LenderHub

OCTOBER 19, 2021

The last few weeks have had some stunning developments with regard to the cost of labor figures, stunning in their quickness and severity. I have to admit, for many months, I bought into the whole transitory inflation argument. The one caveat I had was that inflation could morph into deep-seated corrosive inflation if labor shortages got acute enough to create demand-pull inflation for labor and empower our long beatdown labor unions to stand up.

Capital 147

Capital Marketing 147

ATM Marketplace

OCTOBER 19, 2021

The underserved have traditionally relied on ATMs to gain access to cash, but one company is expanding ATM services to include a variety of tools for them. Maya Labs recently developed its Smart ATM platform, which provides check cashing, money transfer, real-time bill payment, cell phone reloads, micro loans and bitcoin to the underbanked.

ATM 117

ATM Bitcoin Tools Payments 117

BankInovation

OCTOBER 19, 2021

Consumers and businesses have high opinions of community financial institutions (FIs) but increasingly demand digital banking services, so "for community banks and credit unions that have fallen behind the digital transformation curve, the opportunity cost of not modernizing is now a matter of survival." Those are some conclusions in a report released last week by […].

Community 98

Community Community Bank Digital Banking Report 98

PopularBank

OCTOBER 19, 2021

Popular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) announced the acquisition of K2 Capital Group LLC (“K2”), a Minnesota-based equipment finance and leasing company. K2 has become a part of Popular Equipment Finance LLC, a wholly owned subsidiary of Popular Bank. Equipment financing further develops Popular Bank’s healthcare financing capabilities.

Minnesota 98

Minnesota Capital Resources Industry 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

OCTOBER 19, 2021

Now five years into its Marcus retail digital bank offering, Goldman Sachs saw 17% year-over-year net revenue growth in the third quarter in the consumer segment, thanks to higher credit card and deposit balances. "Year over year, revenues in consumer are up 23% in the deposit line; they're up 54% in credit cards," Chief Financial […].

Digital Banking 98

Digital Banking Cards Retail 98

BankInovation

OCTOBER 19, 2021

The Bank of New York Mellon will increase its technology spend next year in an effort to build its platform offerings and modernize its applications. Tech spend — broken out as software and equipment — reached $372 million in the third quarter, up 9% year over year. The $470.5 billion bank reported earnings of $881 […].

New York 98

New York Software Technology Report 98

SWBC's LenderHub

OCTOBER 19, 2021

If you’ve ever worked with a payments product development team, you may have heard the term SDK technology. SDK stands for software development kit. In simple terms, it is a set of tools, programs, and guidelines software developers can use to build an application that's specific to a platform. You can think of SDK technology as an essential toolkit for developing secure software that enhances the user experience for your banking customers.

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Software Guidelines Payments User Experience 78

CFPB Monitor

OCTOBER 19, 2021

We want to make our blog readers aware (or remind those that already know) that the CFPB will provide informal staff guidance on its regulations in response to specific questions that are submitted through its website portal. The Bureau indicates that a company that submits a question can expect to hear back from the Bureau in 10 to 15 business days and that, if the Bureau needs more time to answer a question or cannot answer a question, it will let the company know.

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Compliance Regulation Company 78

TheGuardian

OCTOBER 19, 2021

Bank also pleads guilty to wire fraud and forgives hundred of millions of dollars of debt owed by country Credit Suisse has been fined nearly £350m by global regulators, pleaded guilty to wire fraud, and agreed to forgive hundreds of millions of dollars worth of debt owed by Mozambique in an attempt to draw a line under the long-running “tuna bonds” loan scandal.

Fraud 84

Fraud US Regulation Company 84

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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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William Mills

OCTOBER 19, 2021

The value your media coverage brings to your clients doesn’t stop once it is published. It is important to encourage your clients, employees, and peers to share media coverage through their own social media to get the most out of any organic and earned media. This practice is free marketing and displays a sense of pride and unity from the company.

social media 79

social media Marketing Company 79

ABA Community Banking

OCTOBER 19, 2021

Scott Anderson, a consummate behind-the-scenes leader, steps into the spotlight as ABA’s 2021-22 chair. The post The Fine Art of Banking and Leadership appeared first on ABA Banking Journal.

Leadership 72

Leadership Resources Community Bank Community 72

TheGuardian

OCTOBER 19, 2021

Public development banks are directly undermining UN and Paris climate goals by channeling billions of taxpayer dollars into multinational meat corporations As the climate crisis boils over, new research shows that reducing methane emissions is our best hope to rapidly stem the crisis. It’s time to turn up the heat on the industrial meat industry and dramatically curtail its climate harm, which includes 32% of global methane emissions.

Meeting 76

Meeting Industry 76

CB Insights

OCTOBER 19, 2021

Deel , a remote-hiring tech startup, has raised $425M in Series D funding. The round drew participation from Altimeter Capital, Coatue Management, and Green Bay Ventures, among others. How’s the company performing? California-based Deel’s platform assists companies with international payroll, onboarding, taxes, compliance, and benefits in more than 150 countries.

Compliance 53

Compliance Tools California Taxes 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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The Paypers

OCTOBER 19, 2021

Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services announced a strategic partnership to support the fintech ecosystem in United Arab Emirates.

Fintech 52

Fintech 52

American Banker

OCTOBER 19, 2021

Management 101

Management Fintech 101

ABA Community Banking

OCTOBER 19, 2021

In his first public address as ABA’s new chair, Scott Anderson outlined two big-ticket priorities as he takes the board’s helm: ensuring racial and financial equality and credit union reform. The post New ABA Chair Addresses Key Advocacy Topics appeared first on ABA Banking Journal.

Leadership 52

Leadership Community Bank Community 52

American Banker

OCTOBER 19, 2021

cryptocurrency 94

cryptocurrency 94

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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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The Paypers

OCTOBER 19, 2021

South Africa-based VodaPay , Vodacom Financial and Digital Services' super app, has launched digital shopping, lifestyle, and financial platform for both consumers and businesses.

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American Banker

OCTOBER 19, 2021

Fintech 83

Fintech cryptocurrency 83

The Paypers

OCTOBER 19, 2021

UK-based Barclaycard Payments has extended its relationship with B2B payments platform SAP by integrating its Smartpay gateway into SAP’s Upscale commerce platform.

Payments 36

Payments 36

American Banker

OCTOBER 19, 2021

National 81

National Community Bank Community 81

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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 Banker

OCTOBER 19, 2021

Most banks should have negligible Libor exposures by the end of this year. But pockets of concern remain [from Global Risk Regulator ].

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US Regulation 36

American Banker

OCTOBER 19, 2021

Capital 79

Capital Payments 79

The Paypers

OCTOBER 19, 2021

Germany-based motoring association ADAC has announced that its cooperation with commercial bank Landesbank Berlin (LBB) is expiring.

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American Banker

OCTOBER 19, 2021

Lending 74

Lending 74

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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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