Thu.May 13, 2021

article thumbnail

Are You Losing Good-Credit Customers to Suboptimal Debt Collection Practices?

Perficient

2020 had a significant impact on families from many perspectives. Consumers who worked extremely hard to achieve coveted top credit scores were caught off guard and ended up having to rely on their savings to stay in good standings with banks and creditors. Unfortunately, no one could predict how long the impact would last, and therefore those consumers fell into delinquency.

Analytics 436
article thumbnail

Google steps into the banking sector

Bobsguide

Google’s head of retail banking, Zac Maufe, confirmed the tech giant is stepping into the banking sector. “We're really excited because we think that there are so many technologies and capabilities that Google has to offer that can be brought into the financial services space and.

Google 137
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fintech Rho rolls out corporate card alongside BaaS offering

BankInovation

Fintech Rho Technologies today announced the roll out of its bank-issued corporate card coupled with its banking-as-a-service offering, which operates as a financial management platform on top of banking services provided by $691 million Evolve Bank and Trust. While banking as a service has been a growing trend during the past year, banking fintechs have […].

Fintech 92
article thumbnail

Kalifa, Crosswell: UK must harness and develop resources

Bobsguide

The UK government must prioritise the protection and expansion of the country’s fintech markets, according to Ron Kalifa and Charlotte Crosswell, co-authors of the Kalifa Review. “It’s about domestic capital,” said Kalifa, who has speaking today at bobsguide’s west.

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

Excess Liquidity, Low Rates, and Branching. My Answers to Jeff Davis' Questions

Jeff For Banks

S&P Global Market Intelligence Principal Analyst Nathan Stovall recently interviewed Mercer Capital's Jeff Davis on the Street Talk podcast regarding the thorny banking issues of the liquidity glut, persistently (or perpetually?) low rates, and the branch costs millstone. I highlight Jeff's comments, and offer some solutions in this video blog. Enjoy!

Video 78

More Trending

article thumbnail

How to Optimize Your Commercial Services Portfolio

Jack Henry

When it comes to optimizing your bank’s commercial services portfolio, where do you even begin? Imagine this scenario – you are the Treasury Officer at your local community bank attending the weekly management meeting. Some open conversation about the existing commercial market space starts to take shape and the questions start coming your way.

How To 78
article thumbnail

Safaricom in talks with Amazon about mobile payments

Payments Source

Mobile 174
article thumbnail

Listen: OakNorth CIO shares automation trends in commercial lending

BankInovation

Commercial banks have been automating aspects of the lending and decisioning process, primarily at the lower end of the commercial lending spectrum, but hesitate to automate for loans more than $1 million. This means commercial banks have kept automations focused on loans of less than $1 million, explains Sean Hunter in this podcast discussion with […].

Lending 69
article thumbnail

Hackers using text messaging to target retailers

Payments Source

Retail 156
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

Bank of England head says drivers of inflation will not persist

TheGuardian

Governor Andrew Bailey at odds with bank’s chief economist warning of price inflation above 2% target The governor of the Bank of England has sought to calm financial market fears over rising inflation but has exposed a policy rift with Threadneedle Street’s outgoing chief economist, Andy Haldane. The day after Haldane used a newspaper article to warn of the need to prevent the “inflation genie” getting out of the bottle, Andrew Bailey said he thought upward price pressures would prove temporary

article thumbnail

This week’s podcast: A deep dive into the debate over federal student loan forgiveness

CFPB Monitor

After reviewing the existing types of federal student loans and forgiveness programs, we discuss the current political debate over forgiveness, including the Education Dept.’s upcoming analysis of the President’s forgiveness authority and other analyses of such authority, potential legal sources of such authority, and how courts might respond to challenges to any Presidential action to forgive federal student loans.

article thumbnail

Getting Started with Bitcoin ATMs: A Guide for Merchants

ATM Marketplace

Consumers want to trade cryptocurrencies, but physical locations to do so are few and far between. Merchants have a unique opportunity to reach these users, but need to act before the market is saturated.

ATM 62
article thumbnail

Does the EU Framework for Responsible AI Go Far Enough?

FICO

Last month, the European Commission issued a new legal framework for AI , designed to make the European Union a centre of excellence for trustworthy AI. The new rules divide AI systems into different categories of risk (based on the impact of an error in the AI system) and impose restrictions and requirements based on that risk. The majority of AI systems (including AI-enabled video games or spam filters on your computer) fall into the low-risk category, requiring very little oversight.

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

Cybersecurity for the Next Generation of Branch Banking

ATM Marketplace

Digitalization and cybersecurity are two concepts that go hand in hand. With the progressive transfer of financial services to the digital space, security needs to be reinvented, no matter what channel customers are using.

article thumbnail

A new standard will bust open the door to artificial intelligence

Payments Source

Payments 118
article thumbnail

Montgomery Bank Offers Rewards Checking In 14 States

BankDeals

Montgomery Bank (MO) offers its competitive rewards checking accounts, eBlue and eGold, in AL, AR, IL, IN, IA, KS, KY, MO, MS, NE, OH, OK, SD, and TN.

52
article thumbnail

Inside FIS's effort to build a global real-time payments network

Payments Source

Payments 117
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

NatWest lets customers set own limit for online transfers

TheGuardian

Default limit will be cut to £5,000 a day in attempt to stop pandemic-fuelled rise in payment scams NatWest customers will be able to set their own limit on how much can be transferred from their bank account online in a move designed to protect them from falling victim to scams. The bank is to cut the default limit on online transfers from £20,000 to £5,000 a day for most account holders, but will let them decide if they want to set it higher or lower.

Online 50
article thumbnail

Heslo Pay now allows shoppers to link their payment information with their biometrics

The Paypers

Heslo has announced the addition of a new solution to Heslo Pay that allows shoppers to link their payment and shipping information with their biometrics.

article thumbnail

SPACs are here to stay, but with some caution

Payments Source

Fintech 90
article thumbnail

Pandemic working – reflections from our CEO

Tomorrow's Transactions

We’ve now had well over year of sporadic lockdowns, of varying degrees of severity. I’m loathe to tempt fate, but it does seem that, in the UK, we’re heading towards a low background level of Covid-19, during the summer months at least. It’s therefore an appropriate time to examine the changed methods of working, and… Continue reading Pandemic working – reflections from our CEO.

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

Financial firms confront the threat of central bank digital currencies

Payments Source

article thumbnail

Marqeta, Swissquote partner for digital banking and trading offerings

The Paypers

Modern card issuing platform Marqeta has partnered with online financial services provider Swissquote to offer a new app-based card programme, according to the official press release.

article thumbnail

Binance probed by U.S. as money laundering, tax sleuths bore in

Payments Source

Taxes 78
article thumbnail

Bolt launches single sign-on checkout solution

The Paypers

US-based checkout platform Bolt has announced the launch of Bolt SSO Commerce, a single sign-on checkout solution.

US 50
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.