Perficient
NOVEMBER 8, 2021
Bo Berg is a director in Perficient’s financial services practice. He has more than 20 years of experience leading digital transformation initiatives for financial institutions. Bo Berg joins Eugene Sefanov and Madeline McDermott for a Microsoft Teams chat . Denmark, Dogs, & DJing. Madeline McDermott: First things first. Where were you born? Bo Berg: Copenhagen.
SWBC's LenderHub
NOVEMBER 8, 2021
Last Week. “Tap, tap, tap,” went fingers onto the shoulders of traders with bad, short positions in long-dated U.S. Treasuries, and the bloody short squeeze continued. On Wednesday, the FOMC meeting concluded, and the message was mixed. Regarding QE tapering, the Fed delivered as promised, and they will be reducing the amount of Treasuries and MBS they purchase by $15 billion per month.
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Jack Henry
NOVEMBER 8, 2021
Well, folks, that pesky word “pivot” is still alive and well. Over the summer, COVID-19 cases were trending in the right direction and the country was well on its way to what felt like normal. I personally was gathering with family, dining inside at restaurants, reconnecting with friends, and looking forward to attending the JAC|SEC in person in Phoenix, Arizona.
BankInovation
NOVEMBER 8, 2021
While buy now pay later (BNPL) transactions in the U.S. are expected to expand in coming years, Mexico is well ahead of the U.S. as traditional financial institutions in the country have left the population underserved. In fact, BNPL transactions are expected to double to 4.2% of global e-commerce transactions by 2024 from their present […].
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.
FICO
NOVEMBER 8, 2021
As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by COVID-19 began in earnest. While the COVID-19 pandemic resulted in economic hardship for many people, it also changed the credit behaviors of millions of consumers and led to the deployment of payment accommodations offered by lenders to help impacted customers with their debts. .
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
SWBC's LenderHub
NOVEMBER 8, 2021
We are a society of multitaskers armed with smartphone technology. We pay bills from our phones on our lunch break, text while doing just about everything, and respond to emails in the middle of meetings. Digital technology has given rise to a “there’s an app for that” mentality that makes multi-tasking ubiquitous across nearly every aspect of our daily lives.
BankInovation
NOVEMBER 8, 2021
All major financial institutions will soon be thinking about trading cryptocurrencies, according to Vikram Pandit, chairman of The Orogen Group and former chief executive officer of Citigroup Inc. In “one to three years, every large bank and, or securities firm is going to actively think about ‘shouldn’t I also be trading and selling cryptocurrency assets?
CFPB Monitor
NOVEMBER 8, 2021
The California Department of Financial Protection and Innovation has published a fourth round of modifications to implement SB 1235 , the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. The law contains exemptions and carve-outs for, among other things, depository institutions, financings of more than $500,000, closed-end loans with a principal amou
CB Insights
NOVEMBER 8, 2021
Awardco , an employee recognition and engagement platform, has raised $65.2M in a Series A that drew participation from General Catalyst, among others. HOW’S THE COMPANY PERFORMING. Utah-based Awardco helps companies go beyond traditional methods of compensation by allowing them to provide employees with recognition, rewards, and professional development.
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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
NOVEMBER 8, 2021
At the end of last month, the CFPB sent orders to six large technology platforms offering payment services that directs them to provide information to the Bureau about their payments products and services and their collection and use of personal payments data. On November 5, 2021, the CFPB published a notice in the Federal Register seeking public comments to inform its inquiry.
CB Insights
NOVEMBER 8, 2021
Lever , a talent acquisition platform provider, has raised $50M in a Series D from Apax Digital. HOW’S THE COMPANY PERFORMING? San Francisco-based Lever operates a talent acquisition platform, LeverTRM, that brings together applicant tracking system (ATS) and candidate relationship management (CRM) capabilities in one location. LeverTRM also supports Diversity, Equity, and Inclusion (DEI) efforts in organizational hiring.
CFPB Monitor
NOVEMBER 8, 2021
The CFPB Education Loan Ombudsman has issued his annual report covering the period from September 1, 2020 through August 31, 2021. The report includes an analysis of the approximately 5,300 complaints related to private or federal student loans that the Bureau received during that period. While complaints overall during this period trended lower, the decrease was most pronounced for federal student loan complaints which decreased approximately 32% compared to the prior year.
The Paypers
NOVEMBER 8, 2021
Banca d’Italia and Deutsche Bundesbank , the central banks of Italy and Germany, have joined forces to work on settlements in central bank money of DLT-based asset exchanges.
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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 Banker
NOVEMBER 8, 2021
In case anyone had any doubts, a recent US regulatory report has made clear, in no uncertain terms, that stablecoins are in the crosshairs and that the authorities intend to bring them to heel.
The Paypers
NOVEMBER 8, 2021
Banca d’Italia and Deutsche Bundesbank have shared experiences on distributed ledger technology-based settlements in a workshop, according to cointelegraph.com.
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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
NOVEMBER 8, 2021
Norwegian-based IDEX Biometrics ASA has announced that its solution partner Hengbao Corporation Ltd had their biometric smart card approved by China UnionPay (CUP).
The Paypers
NOVEMBER 8, 2021
The US-based social media platform Snapchat has announced a new partnership with ComplexCon music festival that allows users to try on clothes via AR Try-On tools.
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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
NOVEMBER 8, 2021
Continuing its global expansion, the US-based brand Apple and its online payment service Apple Pay are now available in Costa Rica.
The Financial Brand
NOVEMBER 8, 2021
Loyalty is out, the Four Ps useless and tech-driven 'quantum marketing' is in. Here's what financial marketers must know to stay up to speed. The post Mastercard CMO: Why Traditional Bank Marketing Is Failing appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Paypers
NOVEMBER 8, 2021
WayPoint Systems has partnered with Mashreq Bank to implement its 'ASSURE – Bancassurance' platform across the bank's bancassurance processes.
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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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