Accenture
FEBRUARY 21, 2022
Fierce competition for talent is nothing new in banking, where digital skills have been in hot demand for years. But the front in the war for talent, like much of the industry, is shifting to the cloud. This is primarily due to two factors: the cloud’s unique ability to supercharge organizational agility, and the fact…. The post What are “cloud skills” for banks, anyway?
TheGuardian
FEBRUARY 21, 2022
A string of controversies have beset Switzerland’s second-largest lender, including Japanese ‘shredding party’ and US sub-prime fraud Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians The revelations that Credit Suisse has been used by crooks, money launderers and corrupt politicians are a public relations crisis for the banking giant.
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BankInovation
FEBRUARY 21, 2022
Banking and financial services leaders across the industry have been implementing projects of all sizes to address the challenges associated with digital transformation, but many have proven slow to show results — and it’s not getting any easier in 2022. Digital transformation progress continues to be elusive for so many due to the varying difficulties […].
TheGuardian
FEBRUARY 21, 2022
Leak shows King Abdullah was beneficial owner of at least six Credit Suisse accounts Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians What is the Suisse secrets leak and why are we publishing it? In 2011, as popular revolts reverberated around the Middle East, a monarch in the midst of it all made some banking decisions.
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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
Bobsguide
FEBRUARY 21, 2022
New Banking Circle white paper examines potential from improved Danish Krone direct clearing. London, 14th February 2022 – The latest white paper from tech-first Payments Bank, Banking Circle – ‘Payments without barriers: Focus on Denmark’ – examines the breakthroughs in clearing and settlement that are set to make payments faster and cheaper for businesses trading with Denmark.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
FEBRUARY 21, 2022
The CFPB has issued a compliance bulletin “to reiterate that the compulsory use prohibition in the [Electronic Fund Transfer Act (EFTA)] applies to government benefit accounts, as defined in Regulation E.”. In the bulletin, the CFPB reviews what constitutes a “government benefit account” subject to the EFTA’s compulsory use prohibition. As implemented by Regulation E, the EFTA provides that no person may require a consumer to establish an account for receipt of an electronic fund transfer (EFT)
TheGuardian
FEBRUARY 21, 2022
How many exposés will it take for Switzerland and other countries to change their laws on banking secrecy? Joseph E Stiglitz is a Nobel laureate in economics The bombshell revelations of the Suisse secrets , reported by the Guardian and a number of international outlets, are a continuation of the path-breaking work of the Panama Papers and the Paradise Papers.
CFPB Monitor
FEBRUARY 21, 2022
The CFPB has announced that it has established a new process intended to make “it easier for the public to meaningfully engage with the agency and request regulatory changes.”. The new process allows members of the public to submit petitions for rulemaking (including amendments to or repeals of existing rules) directly to the CFPB either electronically or by mail.
TheGuardian
FEBRUARY 21, 2022
I won’t be holding my breath for government action or an inquiry into its actions – or into any other bank for that matter Prem Sikka is a member of the House of Lords How do the banks continue to get away with it? The latest revelations about Credit Suisse provide yet another glimpse into the corrosive nexus of banks, corporations, accountants, lawyers and financial intermediaries that enables the wealthy and political elites to profit from illicit practices.
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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
Bobsguide
FEBRUARY 21, 2022
Dutch provider of B2B BNPL solutions will become part of the Banking Circle ecosystem. Luxembourg, 1st February 2022 – Biller, an AI-driven Buy Now Pay Later (BNPL) company focused on business invoices, is set to join the B anking Circle ecosystem of financial services and applications. Biller will operate as an independent sister company in the Banking Circle ecosystem.
The Paypers
FEBRUARY 21, 2022
Brazil-based fintech Mercado Pago has announced that it will allow transactions by initiating a payment, based on the ITP number, created in the third stage of Open Banking.
TheGuardian
FEBRUARY 21, 2022
Another massive data leak has revealed a lack of due diligence by one of the world’s largest private banks Since 2016, successive data leaks have exposed the methods by which some of the world’s most powerful companies and individuals secrete eye-watering sums of money off-shore, beyond the reach of tax authorities and governments. Collaboratively reported by investigative journalists from around the world, the Panama, Pandora and Paradise Papers have held the dark practices and financial chican
The Paypers
FEBRUARY 21, 2022
A data leak has revealed details of the accounts and hidden wealth of more than 18,000 foreign clients of Credit Suisse.
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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.
ABA Community Banking
FEBRUARY 21, 2022
While the Federal Reserve seeks public comment on the benefits and risks of creating a central bank digital currency, Fed Governor Michelle Bowman said today that she “intends to keep an open mind” about a CBDC but that the use case for it is not readily apparent to her. The post Fed’s Bowman ‘Struggles’ to See CBDC Use Case appeared first on ABA Banking Journal.
The Paypers
FEBRUARY 21, 2022
Augmented reality platform Nextech AR has rolled out ARitize Swirls and ARitize Social Swirls to allow ecommerce sites to advertise with 3D banners and to use 3D/AR filters re on social media, respectively.
ATM Marketplace
FEBRUARY 21, 2022
DataEdge is a data integration and streaming analytics product that enables you to normalize a variety of data to perform analytics.
The Paypers
FEBRUARY 21, 2022
Mastercard has revealed the expansion of its new interactive business intelligence programme within the Middle East and Africa.
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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
FEBRUARY 21, 2022
The ‘Nigeria Staff Report for the 2021 Article IV Consultation’ International Monetary Fund (IMF) Report has announced that Nigeria’s digital currency, eNaira , could be used for illicit purposes.
The Paypers
FEBRUARY 21, 2022
Worldline has entered exclusive talks to sell its TSS terminals business to US-based financial company Apollo in a deal potentially worth around EUR 2.3 billion.
The Paypers
FEBRUARY 21, 2022
Switzerland-based Bank CIC and the fintech company Stableton Financial have announced further expanding their previous cooperation.
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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
FEBRUARY 21, 2022
Account-to-account payments platform Vyne has partnered with cloud-native payment orchestration platform (POP) Gr4vy to bring Open Banking payments to online merchants.
The Paypers
FEBRUARY 21, 2022
Switzerland-based Bank CIC and the fintech company Stableton Financial have announced further expanding their previous cooperation.
The Paypers
FEBRUARY 21, 2022
UK-based e-wallet platform Swapi has teamed up with charitable giving app Toucan to facilitate British consumers turn retail loyalty points into charity donations.
The Paypers
FEBRUARY 21, 2022
Change Financial has partnered with Mambu to create a synergy that will offer the clients of both companies digital payment and banking services under one roof.
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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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