Wed.Feb 02, 2022

article thumbnail

What’s threatening data-driven growth for banks?

Accenture

There’s more data available to banks than ever before. So why aren’t they using it to drive growth? Most commercial banks know that making better use of their data would have a significant impact on their business. As I discussed in my first post in this series, data can be used to improve a bank’s…. The post What’s threatening data-driven growth for banks?

Data 419
article thumbnail

Fourth Circuit rules mortgage servicer violated Maryland Consumer Debt Collection Act by charging convenience fees for phone or online payments

CFPB Monitor

The U.S. Court of Appeals for the Fourth Circuit recently ruled that a mortgage servicer violated the Maryland Consumer Debt Collection Act (MCDCA) by charging a $5 convenience fee to borrowers for monthly payments made by phone or online. In Alexander v. Carrington Mortgage Services, LLC , the plaintiffs filed a class action complaint against Carrington, their mortgage servicer, challenging the convenience fees in which they alleged that the servicer had violated Section 14-202(11) of the MCDCA

Maryland 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sure-Fire Ways To Keep Your Credit Card Usage From Spiralling Out Of Control

BankBazaar

Description: While a Credit Card is a wonderful tool for enhanced liquidity, irresponsible usage can wreak long-term damage. Here’s how to keep your card usage in check to maximise the benefits of owning a Credit Card. A Credit Card is a wonderful tool to get some extra liquidity. It gives you precious extra cash cover. Most importantly, it allows you to borrow money with an interest-free period.

Cards 145
article thumbnail

3 reasons to rethink how you collect customer information

BankInovation

According to a recent Forbes article, in 2021 we can expect the customer experience to become increasingly conversational. But what does this really mean for your business, and how can you ensure you’re set up to succeed? From acquisition to onboarding and servicing, businesses must ensure the end-to-end customer experience is better than ever – […].

article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Third Coast Bank SSB to expand Texas footprint

Banking Exchange

The new branch will expand operations in the Fort Worth market Community Banking Feature3 Feature Retail Banking Branch Technology/ATMs Customers People.

More Trending

article thumbnail

First Interstate BancSystem acquires Great Western Bancorp for $2 billion

Banking Exchange

The merger will create more than 300 First Interstate Bank locations in 14 states Management Feature M&A Feature3 Community Banking.

article thumbnail

TD Bank partners with Databricks for machine learning, data insights

BankInovation

Canadian banking giant TD Bank announced last week that it is leveraging software company Databricks’ data analytics capabilities to support the migration of its big data sets to Microsoft Azure. Databricks provides the bank with a range of data management and analytics tools, including machine learning and Delta Lake, a secure data storage platform.

Data 98
article thumbnail

Third-Party Parts Suppliers: The Secret to Improved ATM and Kiosk Repair

ATM Marketplace

As ATMs and kiosks can be substantial investments, owners naturally to want to keep their machines online and running for as long as possible. A Third Party Parts Supplier (3PPS) could be the key for field service companies to offer their clients improved ATM and kiosk repairs.

ATM 66
article thumbnail

Transactions: Recent deals at financial institutions

BankInovation

Planters First Bank, a community bank in Cordele, Ga., announced Tuesday that it is replacing its 20-year-old core banking system with Jack Henry’s Banno Digital Platform. The $370 million bank has roots in agricultural banking but is now expanding to serve small- to medium-sized businesses in urban areas and will focus on professional services firms […].

article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

Pennylane Raises $57M From Sequoia Capital For Its Accounting Software Platform. Competitors Include Cegid, Sage, Bench, Paro, And Pilot.

CB Insights

Pennylane , a financial management platform, has raised $57M in a Series B. The round drew participation from Sequoia Capital, Global Founders Capital, and Partech Partners. HOW’S THE COMPANY PERFORMING? France-based Pennylane enables SMEs to manage their financial and accounting data in real time. The platform caters to 300 accounting firms and 1K executives at present — its user base increases by 30% each month.

Capital 63
article thumbnail

Apiture merges digital banking solutions into unified platform

BankInovation

Apiture announced Tuesday the launch of its cloud-based digital banking platform that consolidates its existing products, Apiture Xpress and Apiture Open, into one solution. Flexibility powered by an application programming interface (API) is central to the new platform that allows banks and credit unions to embed services form third-party solutions, Chris Cox, the digital banking […].

article thumbnail

Facebook’s cryptocurrency venture to wind down after asset sale to Silvergate | Zuckerberg’s ‘metaverse’ business lost more than $10 billion | IOC launches Beijing Olympics-themed mobile game with NFTs

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Facebook’s cryptocurrency venture to wind down after asset sale to Silvergate Zuckerberg’s ‘metaverse’ business lost more than $10 billion IOC launches Beijing Olympics-themed

article thumbnail

Podcast: Exit Interview with Jelena McWilliams, Part 2

ABA Community Banking

McWilliams discusses several policy aspects of her tenure at the FDIC, including climate risk, small-dollar lending, CRA reform and the Mission-Driven Bank Fund. The post Podcast: Exit Interview with Jelena McWilliams, Part 2 appeared first on ABA Banking Journal.

FDIC 52
article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Are DAOs and Nations conscious? A look at Diem/Silvergate, Google Plex, and Solidly AMM.

Lex Sokolin

Neural Configuration and Consciousness We are making our way through Lisa Feldman Barrett’s deeply compelling book, How Emotions Are Made. It speaks of the latest scientific understanding of the functioning of the brain?—?a compex collection of networked neurons continuously firing to generate a narrative model of the reality we experience. Brain activity is always *ON* in the same way that your computer is always running background software for its operating system.

article thumbnail

Digital Banking: Humanizing the Customer Experience

FICO

Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 commandments below into common themes. Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.

article thumbnail

PingPong considers a USD 1 bln Hong Kong IPO

The Paypers

China-based fintech startup PingPong has announced considering an initial public offering in Hong Kong to raise as much as USD 1 billion.

Fintech 69
article thumbnail

Crypto Exchange FTX Valuation Hits $32B. FTX’s Competitors Include Coinbase, Binance, Gemini, And Kraken.

CB Insights

FTX , a cryptocurrency exchange, has raised $400M in a Series C. The round drew participation from SoftBank Group, Tiger Global Management, Temasek, and Lightspeed Venture Partners, among others. How’s the company performing? Bahamas-based FTX offers a number of products for traders, including derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

iDenfy partners with European Merchant Bank

The Paypers

Lithuania-based fintech iDenfy has partnered with European Merchant Bank , a digital bank licenced by the European Central Bank.

article thumbnail

PayPal's new features help offset economic headwinds

American Banker

Fintech 101
article thumbnail

Solana Pay – a stablecoin payments solution for merchants

The Paypers

Solana has unveiled a set of decentralised payment standards and protocols via its new product Solana Pay, to simplify the acceptance and settlement of dollar-pegged stablecoins.

article thumbnail

Take Fannie and Freddie out of conservatorship before it's too late

American Banker

Policies 101
article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

Block completes USD 29 bln Afterpay acquisition

The Paypers

Block has completed its USD 29 billion acquisition of Buy Now, Pay Later company Afterpay , according to AltFi.

Company 69
article thumbnail

Employee Spotlight: Audrey Meis

Image Works Direct

At image.works, we value kindness, hard work and creativity. Audrey Meis exemplifies everything IW stands for and more! Audrey is the fearless leader of the copy team and a phenomenal copywriter. When she’s not in the office, you can find her at a barre class, hiking at a state park, trying new restaurants in Madison or spending time with her fiancé, Eric.

36
article thumbnail

India taxes crypto gains at 30%

The Paypers

The Indian government has decided to tax profit on cryptocurrency gains at a 30% in the Federal budget which was announced to that.

Taxes 53
article thumbnail

Santander will exit U.S. home lending, review commercial segments

American Banker

Lending 74
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.