Accenture
SEPTEMBER 22, 2021
Open Banking allows customers to share access to their banking data with trusted third parties, which then provide the customer with a better banking experience. Its adoption has been uneven around the world, with some regions quickly introducing it while others take a more cautious approach. Accenture research shows that 76% of banks worldwide expect customer adoption and….
Abrigo
SEPTEMBER 22, 2021
CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. Here’s how they’re changing for financial institutions. See below for key takeaways of this article. Stay updated on all things CECL. 1. New Disclosures Under CECL CECL disclosures play a central role in the new standard, but many financial institutions begin work on them too late in the process.
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Accenture
SEPTEMBER 22, 2021
For the past 21 years, Accenture’s Banking Technology Vision has pinpointed the emerging tech trends with the greatest potential to disrupt businesses and the industry. I’ve been with Accenture for 16 of those years. Reading this edition of the Banking Tech Vision I felt it stood out from all the previous ones—especially from the perspective of the industry in the UK and Ireland.
TheGuardian
SEPTEMBER 22, 2021
UK Finance says £754m stolen from bank customers in first half of 2021 as scammers capitalised on Covid Fraud victim scammed for almost £25,000 Coronavirus – latest updates See all our coronavirus coverage Fraud in the UK has risen to a level where it poses a “national security threat”, according to the main banking body, with £754m stolen from bank customers during the first half of this year – a 30% rise on the same period in 2020.
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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
SEPTEMBER 22, 2021
Citigroup Inc. will begin sharing some data with cloud-storage software maker Snowflake Inc., a move that will help the bank reduce costs and streamline some of its post-trade processes. Any time a trade occurs, a whole host of players across markets have to reconcile that activity in their ledgers. With its latest tie-up, announced Wednesday, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
SEPTEMBER 22, 2021
Visit the website of $785 million Vast Bank and you can't miss it: The primarily commercial bank with a retail community presence based in Tulsa, Okla. now offers a cryptocurrency trading service called Crypto Banking in its mobile app. The app links users' checking accounts with the cryptocurrency trading service, allowing clients to buy, sell […].
Banking Exchange
SEPTEMBER 22, 2021
‘Perpetuation of inequality is a deepening problem, while pace of technology is increasing’ says Acting Comptroller Compliance Technology Feature3 Feature Fintech Duties Diversity Digital Bank On Initiative.
BankInovation
SEPTEMBER 22, 2021
When Bank of America virtual assistant Erica was first introduced in 2018, it was lauded by industry analysts as the leading example of artificial intelligence (AI)-powered chatbots in banking. But like most technology, Erica is ever evolving. The $2.2 trillion bank is now deploying Erica as a digital assistant to support live chat agents in […].
Banking Exchange
SEPTEMBER 22, 2021
Plus: Technology Credit Union hires chief credit officer, Guggenheim Securities expands consumer and retail investment team, and banking veteran joins Rochelle State Bank Management Feature Human Resources Feature3 Community Banking.
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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
CFPB Monitor
SEPTEMBER 22, 2021
The U.S. Court of Appeals for the Sixth Circuit recently ruled that the unconstitutionality of the 2015 TCPA amendment that created an exception to the robocall restriction for calls made to collect debts owed to the federal government did not invalidate the plaintiff’s claims for TCPA violations based on robocalls he received in 2019 and 2020 advertising utility services.
Banking Exchange
SEPTEMBER 22, 2021
New software will allow Arvest to step ahead of the competition Community Banking Customers Feature3 Fintech Feature Financial Trends Digital Technology.
ABA Community Banking
SEPTEMBER 22, 2021
The CFPB today announced the appointment of new members to its Community Bank Advisory Council. The post CFPB Names New Members to Community Bank Advisory Council appeared first on ABA Banking Journal.
Banking Exchange
SEPTEMBER 22, 2021
Acquisition strengthens US Bank’s existing West Coast franchise Management Feature M&A Feature3 Diversity Digital Branch Technology/ATMs.
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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
SEPTEMBER 22, 2021
US-based financial risk management platform Feedzai , and Banking-as-a-Service platform Solarisbank have announced a multi-year partnership.
CB Insights
SEPTEMBER 22, 2021
Flobiz , a mobile billing app, has raised $31M in a Series B with participation from Sequoia Capital India, Elevation Capital, Whiteboard Capital, and BEENEXT, among others. HOW’S THE COMPANY PERFORMING? India-based Flobiz’s GST billing and accounting solution, myBillBook, helps SMEs create digital invoices and automate workflows. It claims that the application has amassed more than 5M downloads.
FICO
SEPTEMBER 22, 2021
One of the all-time great television shows for the STEM-inclined was a 1980s action drama called MacGyver. It starred actor Richard Dean Anderson as Angus "Mac" MacGyver, who, unlike most American action heroes, eschewed firearms, resorting to them only twice in 94 episodes. Instead, MacGyver stymied his enemies with his “genius-level intellect, superb engineering skills, and an excellent knowledge of applied physics.
CB Insights
SEPTEMBER 22, 2021
Payments company Stripe ’s $95B valuation makes it the second most valuable private company in the world. Over the last 2 years, Stripe has forged dozens of strategic business partnerships, invested in almost 20 different companies, and even made a handful of acquisitions. Many of these relationships extend beyond Stripe’s core offering of e-commerce payments processing.
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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
SEPTEMBER 22, 2021
iCapital Network , a financial technology platform, and Axio , an end-to-end service provider to the US, have entered into a definitive agreement under which iCapital will acquire Axio.
Image Works Direct
SEPTEMBER 22, 2021
New, improved and just for you! You might have noticed our website looks a little different – sleeker, if you will. For the past year, we’ve been working hard behind the scenes to give our website a makeover. Our hope is that you’ll find the new website to be more user-friendly, easier to navigate, intuitive and aesthetically pleasing. What can we say?
The Paypers
SEPTEMBER 22, 2021
HCL , a global technology company, has entered a multi-year application services transformation partnership with Lendico , a brand of ING Germany.
American Banker
SEPTEMBER 22, 2021
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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
SEPTEMBER 22, 2021
Supply chain finance platform focused on emerging markets Finverity has launched its fund manager functionality for the supply chain finance (SCF) sector.
American Banker
SEPTEMBER 22, 2021
The Paypers
SEPTEMBER 22, 2021
Federal Bank of India has partnered with fintech company, OneCard , to to launch a mobile-based credit card ahead of the festive season.
American Banker
SEPTEMBER 22, 2021
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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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