Abrigo
OCTOBER 28, 2021
Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Read. . Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Takeaway 2 Cyber attacks and cyber fraud are more than just hard dollar losses.
Jack Henry
OCTOBER 28, 2021
On June 30, 2021, the FFIEC issued a new booklet in the FFIEC Information Technology Handbook (IT Handbook) series entitled, “Architecture, Infrastructure, and Operations” (AIO). Great, you might say … translation, please?
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BankInovation
OCTOBER 28, 2021
From Bitcoin to decentralized finance, the world of cryptocurrency is evolving, and banks and financial institutions are jumping in to give consumers what they want. But just how far does a bank's responsibility go? "Crypto has developed into a really robust ecosystem that mirrors a lot of the ways that banking works, and it's not […].
CFPB Monitor
OCTOBER 28, 2021
In Part I of this two-part podcast, we examine the CFPB’s proposed rule implementing Sec. 1071 of the Dodd-Frank Act which would impose significant new data collection and reporting requirements on lenders in connection with credit applications made by women- or minority-owned small businesses. After reviewing the history of Sec. 1071 rulemaking (including the lawsuit that prompted the CFPB to act under a court-imposed deadline), we discuss the proposal’s key definitions and data collection req
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
BankInovation
OCTOBER 28, 2021
There’s work to be done in the global financial system — and digital currency may be able to advance it. With only brick-and-mortar infrastructure, “there will continue to be billions of people who are on the margins on financial systems” asserted Dante Disparte, chief strategy officer for Circle, which operates USD Coin (USDC), at Wednesday’s […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
OCTOBER 28, 2021
Crypto firms that offer stablecoins, blockchain-based decentralized finance apps and services supporting peer-to-peer transactions may be required to keep tabs on their users’ identities and funds as a way of preventing money laundering and terrorism financing, a global watchdog said. In updated guidance issued Thursday, the Financial Action Task Force ?
TheGuardian
OCTOBER 28, 2021
Group helped by Covid ‘race for space’ and increase in demand for larger homes Coronavirus – latest updates See all our coronavirus coverage A booming mortgage market and an economic recovery that made it less likely that Covid-hit borrowers would default on loans helped Lloyds Banking Group double its profits in the three months to September. The group, which owns Halifax and is the UK’s largest mortgage lender, benefited from an increase in demand for larger homes linked to the pandemic “race
CB Insights
OCTOBER 28, 2021
Groww , an online investing platform, has raised $251M in a Series E. The round drew participation from Alkeon Capital Management, Tiger Global Management, Y Combinator, Sequoia Capital India, Lone Pine Capital, and Propel Venture Partners, among others. How’s the company performing? India-based Groww’s platform enables retail investors to invest in special investment plans (SIPs) like mutual funds.
TheGuardian
OCTOBER 28, 2021
Tougher regulation means banks and insurers face extra audits and capital rules for unsustainable assets The Bank of England has told banks and insurers it is prepared to use its powers to crack down on them if they fail to manage climate risks. The warning came as the central bank begins to review a potential introduction of capital requirements linked to unsustainable assets.
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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
The Emmerich Group
OCTOBER 28, 2021
Hello. I have a question for you: how are you going to create the same kind of income that you created last year with PPP? It May Sound Hard. And It Probably Will Be. That said, bank marketing strategies that are effective should help you get the job done—by creating the right strategies that define. Continue Reading. The post Can’t Miss Bank Marketing Strategies Of A Post-PPP Economy appeared first on Roxanne Emmerich.
TheGuardian
OCTOBER 28, 2021
The autumn budget makes life harder for many on universal credit, say Robin Spencer and Carolyn Sutton , while Bernie Evans hopes it will provide ammunition for Labour, and Sebastian Monblat is baffled by the idea of cheaper booze If this chancellor of the exchequer has a skill, it is his sleight of hand, or ability to disguise a real cut as a supposed benefit or gain ( Labour accuses Sunak of ‘smoke and mirrors’ budget due to lack of new money, 24 October ).
The Paypers
OCTOBER 28, 2021
Netherlands-based payment service provider PayU has announced the launch of ‘PayU Token Hub’, a tokenisation solution for businesses allowing customers to use saved cards.
Bankelele
OCTOBER 28, 2021
Yesterday Jumia released their Africa e-commerce index 2021 with some interesting trends, a year after Covid-19 impacted lives across the continent. Sam Chappate CEO Jumia Kenya said that in Africa, e-commerce still has room for growth as currently, it still accounts for just 1% of transactions, and another 300 million people will be accessing the […].
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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
The Paypers
OCTOBER 28, 2021
Canada-based ecommerce platform Shopify has partnered with Mailchimp to offer merchants a new way to connect email marketing software with the ecommerce platform.
American Banker
OCTOBER 28, 2021
The Paypers
OCTOBER 28, 2021
Saudi Arabia-based money management company Tweeq has chosen France-based augmented Identity company IDEMIA for card issuance and personalisation services.
American Banker
OCTOBER 28, 2021
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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
OCTOBER 28, 2021
Canada-based commerce platform Lightspeed has announced a new ecommerce product built on the integration of its acquisition of Ecwid.
The Banker
OCTOBER 28, 2021
As the debt-laden Chinese developer teeters on the brink, and fears about contagion increase, banks should consider several things with developer clients.
The Paypers
OCTOBER 28, 2021
The FATF has updated its 2019 Guidance for a Risk-Based Approach for Virtual Assets and Virtual Asset Service Providers (VASPs).
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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.
The Paypers
OCTOBER 28, 2021
Visa has announced an investment in the US-based SaaS platform Deserve , a provider of turnkey credit card services.
The Paypers
OCTOBER 28, 2021
Ireland-based ecommerce financing and growth platform Wayflyer has announced its expansion into the Dutch and Spanish markets.
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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.
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