Perficient

JULY 7, 2021

The Office of the Comptroller of the Currency (OCC) has released 16 Community Reinvestment Act (CRA) performance evaluations. These evaluations are based on on-site examinations by OCC-trained staff. On-site examinations are done every other year. The reviews, which can take weeks for small banks and months for large banks, assess an institution’s performance in helping to meet the credit needs of communities, including those of low or moderate-income within its assessment area.

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National Texas Tennessee CA 309

Abrigo

JULY 7, 2021

Key points in this article include: Risks exist in states where canabis is illegal > LEARN MORE Ensuring compliance when not servicing CRBs > LEARN MORE Determine your tier of acceptance > LEARN MORE Banking hemp vs. marijuana vs. CBD > LEARN MORE The gray area of banking CBD > LEARN MORE. You might also like this webinar Navigating Regulatory Haze: Banking Cannabis-Related Businesses and Managing Risk WATCH WEBINAR.

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ABA Community Banking

JULY 7, 2021

It's summer cycling season, and the Tour de France is in full swing. Barry Allen of Tower Community Bank joins the ABA Banking Journal Podcast to talk about biking adventures closer to home. The post Podcast: How One Bank Turned a Cycling Hobby into a Line of Business appeared first on ABA Banking Journal.

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Community Bank Community Marketing Retail 105

FICO

JULY 7, 2021

Following the release of the FICO® Score 10 Suite for lenders in 2020, FICO has announced the general availability of industry-specific versions of FICO® Score 10 for U.S. auto lenders and credit card issuers. The industry-tailored scores in the FICO® Score 10 suite are now available from all three major U.S. credit bureaus. Developed using recent data, FICO® Bankcard Score 10 and FICO® Auto Score 10 reflects FICO’s practice of continual innovation to address market and data evolutions.

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Industry Cards Lending Data 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

JULY 7, 2021

Robotic process automation (RPA) vendor Nice has developed an ethical framework for building bots that it plans to share with its customers, the provider revealed during a webinar last week. The framework will be distributed along with training and explanations, said Orr Rachlevsky, director of the Nice Advanced Process Automation Line. During the webinar, “The […].

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Training 98

BankInovation

JULY 7, 2021

After a recent data breach, Swedish fintech Klarna is under investigation by Sweden’s Financial Supervisory Authority, the government agency responsible for financial regulation. The investigation, announced Monday, involves a May 27 breach in which customers of the buy-now-pay-later (BNPL) company — the highest-valued private fintech in Europe — were able to access the accounts of […].

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Data Fintech Regulation Company 98

Banking Exchange

JULY 7, 2021

The online payments giant has brought its European product, Zettle, to the US Payments Retail Banking Feature3 Fintech Feature Online Mobile Tech Management Branch Technology/ATMs People Covid19.

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US ATM Payments Marketing 78

CFPB Monitor

JULY 7, 2021

On June 29, 2021, the CFPB and the Attorney General of the State of Georgia filed a proposed order in connection with a joint lawsuit they filed a day earlier in federal district court in Georgia against Maryland-based debt-relief and credit-repair company Burlington Financial Group (“Burlington”) and three individual owners and executives. In the lawsuit , the CFPA and Georgia AG alleged that Burlington offered to provide debt-relief and credit-repair services to consumers throughout the Unite

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Georgia Company Maryland United States 78

CB Insights

JULY 7, 2021

Pine Labs , a point-of-sale (PoS) fintech company, has raised $600M (INR 44.59B) with participation from BlackRock, Temasek, Fidelity Investments, and Duro Capital, among others. HOW’S THE COMPANY PERFORMING? India-based Pine Labs is a cloud-hosted digital payment gateway that facilitates contactless payment for retailers and merchants in India and Southeast Asia.

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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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CFPB Monitor

JULY 7, 2021

On June 28, 2021, the CFPB issued its Mortgage Servicing COVID-19 Final Rule (the “Final Rule”). The Final Rule, which amends Regulation X, is effective August 31, 2021, and comes at the same time as certain related updates from other Federal agencies. We discuss those topics, along with an overview of the Final Rule, below. Effective Date and Related Updates.

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CB Insights

JULY 7, 2021

Articulate , a cloud-based employee training software, has raised $1.5B in a Series A round that drew participation from General Atlantic, Blackstone, and ICONIQ Growth. How’s the company performing? New York-based Articulate is a software-as-a-service (SaaS) platform that allows companies to create training courses for employees. In February 2020, the company launched its all-in-one product Rise.com, a platform to help small and medium-sized businesses launch their own training courses.

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Training Company Course New York 73

TheGuardian

JULY 7, 2021

Appetite for shares in the profitable money transfer outfit shows the City can bring off a big tech listing Blink and you missed it. The UK’s biggest tech flotation happened on Wednesday to about a hundredth of the pre-publicity generated by the overhyped and undercooked Deliveroo. Wise, formerly Transferwise, is a low-fee processor of cross-border payments and very successful – pre-tax profit doubled last year to £41m and the business is still grabbing share from sleepy banks.

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Taxes Payments Marketing Company 54

CB Insights

JULY 7, 2021

Bolttech , an insurance technology platform, has raised $180M in a Series A with participation from Activant Capital. How’s the company performing? Singapore-based Bolttech provides a digital marketplace that helps insurers offer digital insurance products that may not be within the realm of their specialization. The startup, which works with 150 insurance companies across 14 countries, has transacted $5B in insurance premiums.

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Capital America Technology Company 73

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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

JULY 7, 2021

Atome has announced that its customers in Singapore and Hong Kong can now use Apple Pay to make purchases through Atome in physical retail stores and online.

Apple 50

Apple Retail Online 50

American Banker

JULY 7, 2021

Regional 96

Regional 96

The Paypers

JULY 7, 2021

US-based Vertex has announced its Taxamo Assure by Vertex solution that facilitates the completion of online sales by ecommerce sellers.

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Online US 53

American Banker

JULY 7, 2021

Fraud 88

Fraud Fintech 88

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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

JULY 7, 2021

Germany-based Cloud Procurement and supplier relationship management (SRM) provider Onventis has launched the ‘Amazon Business Integrated Search’ (ABIS).

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Management 41

American Banker

JULY 7, 2021

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Texas Community Bank Community 83

The Paypers

JULY 7, 2021

UK-based independent ATM software company KAL has teamed with payments technology company EVO Payments to develop an ATM service which is now available across Europe.

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ATM Payments Software Technology 39

American Banker

JULY 7, 2021

Lending 83

Lending 83

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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 Paypers

JULY 7, 2021

Endorse , a non-banking financing services company, has launched a supply chain finance digital platform available to institutions who conduct factoring activities.

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Company 39

American Banker

JULY 7, 2021

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The Paypers

JULY 7, 2021

Brazil-based neobank Nubank has announced its new credit card called Nubank Ultravioleta, a premium credit card that brings advantages of Mastercard Black.

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Cards 39

American Banker

JULY 7, 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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