Accenture
SEPTEMBER 29, 2021
In the mortgage industry, early adopters of document automation technologies were underwhelmed with the results of their investment. Today’s advanced AI solutions are changing that perception. They have little in common with early optical character recognition (OCR), which was able to classify only very simple and structured documents. The latest advancements in AI can cut….
BankInovation
SEPTEMBER 29, 2021
Private equity firm Vista Equity Partners is to acquire automation software developer Blue Prism Group Plc for about 1.1 billion pounds ($1.5 billion), in yet another takeover of a U.K. tech company by a foreign buyer. Blue Prism recommended Vista’s bid of 1,125 pence a share in a statement Tuesday. The offer represents a premium […].
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BankBazaar
SEPTEMBER 29, 2021
Ever wondered how your credit utilisation ratio can affect your financial profile? Read this article to learn all about it and more. In the world of Credit Cards , credit limit and credit utilisation ratio are two terms that are commonly used. Heard of them, right? The big question, however, is why do these two terms matter to Credit Card users? Well, if you’ve been wondering about this, then we’ve got the answers for you.
BankInovation
SEPTEMBER 29, 2021
That banks and financial institutions can no longer ignore the cryptocurrency space may be a bygone conclusion. But are they ready for decentralized finance within that space? Cryptocurrency has seen rapid adoption, with estimates that 23% of Americans now own crypto, a panel said yesterday at the Association of Certified Anti-Money Laundering Specialists (ACAMS) conference […].
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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
CFPB Monitor
SEPTEMBER 29, 2021
The New York Department of Financial Services has issued a proposed regulation to implement S 5470–B , which requires consumer-like disclosures for “commercial financing” transactions of $2.5 million or less. The proposed regulation would give the provisions added by S 5470-B to the Financial Services Law the title “Commercial Finance Disclosure Law” (CFDL).
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
SEPTEMBER 29, 2021
The CFPB has filed its opposition to the motion of the two trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule (2017 Rule) that asks the court to extend its stay of the compliance date until 286 days after their appeal to the Fifth Circuit is resolved. The trade groups have appealed from the Texas federal district court’s final judgment granting the CFPB’s summary judgment motion and staying the compliance date for the payme
ABA Community Banking
SEPTEMBER 29, 2021
On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank. The post Podcast: Inside a Community Bank’s ESG Strategy appeared first on ABA Banking Journal.
CFPB Monitor
SEPTEMBER 29, 2021
Maryland has enacted legislation that revises the rules of determining creditworthiness. On May 30, 2021, Maryland Governor Lawrence J. Hogan (R) signed HB1213 into law, which adds to Maryland Code Ann. Financial Institutions (FI) § 1-212. Effective October 1, 2021, certain financial institutions (banking institutions, credit unions, savings and loan associations, community development financial institutions, and certain credit grantors) must adhere to the rules concerning evaluations of applic
BankDeals
SEPTEMBER 29, 2021
DuPage Credit Union offers its competitive High-Yield Checking and High-Yield Savings to those who live or work in IL, IN, IA, KY, MI, MO, or WI.
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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
ABA Community Banking
SEPTEMBER 29, 2021
With the nation still grappling with a global pandemic, bankers’ concerns have shifted, according the Conference of State Bank Supervisors’ eighth annual national community bank survey released today. Last year’s focus was on local business conditions. For 2021, the lingering effect of COVID-19 on local economies has created a new concern: historic levels of deposits [.].
The Paypers
SEPTEMBER 29, 2021
Fime , a US-based fintech, has partnered with eftpos to support its ecosystem’s migration to the latest EMV 3DS protocols with its EMV 3DS test solution.
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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
SEPTEMBER 29, 2021
Travel payments platform Fly Now, Pay Later has partnered with ChargeAfter to be added on the latter's point-of-sale financing portfolio in the US and UK.
The Paypers
SEPTEMBER 29, 2021
Sweden-based SaaS company Zavann has partnered with Open Banking platform Neonomics to simplify the way in which consumers across Sweden receive and pay their electricity bills.
American Banker
SEPTEMBER 29, 2021
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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 Financial Brand
SEPTEMBER 29, 2021
Startups surged during the pandemic, and like their mostly young owners, they have digital DNA. Are banks and credit unions ready for them? The post What Millennial & Gen Z Business Owners Want from Banks appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Paypers
SEPTEMBER 29, 2021
UK-based challenger bank Starling has expanded its Banking-as-a-Service platform to France, Germany, The Netherlands and Spain.
American Banker
SEPTEMBER 29, 2021
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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
SEPTEMBER 29, 2021
Smart Engines , a Russia-based AI research company, has announced an AI software for scanning new electronic ID card of EU member states.
The Financial Brand
SEPTEMBER 29, 2021
Priorities are fundamentally shifting in banks and credit unions as they grapple with the challenges (and opportunities) of the marketplace. The post Word on the Street: 6 Insider Realities of Banking Today appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Paypers
SEPTEMBER 29, 2021
ADVANCE.AI has launched its One Stop Platform, an enterprise-grade solution for more accurate customer onboarding, risk management, and fraud prevention for enterprise clients.
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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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