Mon.Jan 17, 2022

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What are equipment financiers missing by not embracing green loans?

Accenture

In the last 12 months or so, I’ve noticed an increasing focus on ESG (environmental, social and governance) initiatives in the finance industry. Banks in Europe are leading the way, driven by regulatory standards and consumer expectations, as well as their own desire to build a sustainable future. In North America, many lenders, including those…. The post What are equipment financiers missing by not embracing green loans?

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What Does “Community” Mean for Modern Financial Institutions?

Jack Henry

For decades – maybe even centuries – an individual’s sense of community was most often based on their interactions in a particular physical location. Neighbors, schoolmates, coworkers, and even those with whom they shared a place or method of worship formed a person’s community. Until recently, community banks and credit unions typically defined their base through a location-based means as well: a neighborhood, a group of individuals working in a particular field, or residents of a particular co

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Banking Trade Group Urges CFPB to Further Study Overdraft Use

Banking Exchange

Follows December’s overdraft report from bureau which considered additional policy guidance Compliance Feature Duties Feature3 Consumer Credit Customers People Compliance Management Credit Risk Compliance/Regulatory.

Study 148
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New Year Celebration 2022 | A Sneak Peek

BankBazaar

Despite the highs and lows brought by the ongoing pandemic, 2021 has been a phenomenal year for us! A spirited celebration is just what we needed to usher in the New Year. . Be it work or fun, through sheer hard work, camaraderie and determination, we’ve managed to succeed on both fronts. This certainly called for a celebration! So, yes, we went all out to welcome the New Year and all it brings us!

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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

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US Banks Turn to Technology To Compete Against FinTechs

Banking Exchange

Traditional banks lack the underlying technology to undertake digital transformation reveals ISG report Technology Financial Trends Feature3 Fintech Feature Tech Management Mobile Online Outsourcing/Cloud.

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Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms

Banking Exchange

“That’s not our job. We don’t tell banks which sectors to lend to”, the Federal Reserve said Risk Management Compliance Feature3 Feature Duties Climate Crisis SRI Exchange Socially Responsible Investing SRI.

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Credit Suisse boss António Horta-Osório resigns over Covid breaches

TheGuardian

Former chief executive of Lloyds attended Wimbledon when he should have been in quarantine Coronavirus – latest updates See all our coronavirus coverage The chairman of Credit Suisse, António Horta-Osório, has resigned after the Swiss bank found that he had broken Covid-19 quarantine laws, with attendance at the Wimbledon tennis tournament thought to be among the allegations.

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Amazon extends Visa credit card use in the UK

The Paypers

Following a rather hot topic in the payments industry lately, Amazon has announced it will continue to accept Visa credit card payments in the UK.

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António Horta-Osório: banking’s go-to man felled by a breach of Covid rules

TheGuardian

He had an impeccable reputation for rescuing struggling banks but a love of tennis was his undoing Coronavirus – latest updates See all our coronavirus coverage Credit Suisse needed someone to lead a clean-up job, and António Horta-Osório had impeccable credentials for struggling banks. During the financial crisis at Spanish bank Santander he had led the takeover of Alliance & Leicester and Bradford & Bingley when they were near collapse, and then helped pull Lloyds Bank out of the mire

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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

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Joselyn Raymundo Named to Merchants Bank Advisory Board

MerhantsBanks

Joselyn Raymundo has been named to the Merchants Bank Advisory Board for Rochester, according to Dan Nistler, President for Merchants Bank in Rochester. “Our local Advisory Board members play an important role in guiding our branches in Rochester. Joselyn’s insights into the local economy and perspective as a small business owner will be beneficial to […].

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Digital Debt Collection and Early Collections

FICO

In early collections, most customers will pay within a couple of days when nudged by a friendly reminder, such as text messaging. On the other hand, customers under financial stress should be spoken to sooner rather than later, so that there is sufficient time to resolve the problem and prevent accounts from rolling to later stages of delinquency. Ideally, minimal operational effort is spent on customers that are likely going to pay, so that expensive debt collection resources can be focused on

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Unilever’s bid for GSK consumables isn’t quite the shocker it seems | Nils Pratley

TheGuardian

This could be a long campaign and, despite all the difficulties, there is a logic to the proposal Even a Marmite reaction – some loving it, some hating it – would have been better from brand owner Unilever’s point of view. Unfortunately, almost everybody seemed to agree: the big idea of offering £50bn for GlaxoSmithKline’s consumer products division , a proposal rejected by the pharmaceutical firm’s board, was a shocker.

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7bridges raises USD 17 mln in Series A funding

The Paypers

UK-based 7bridges startup, wanting to simplify supply chains using AI-based automation platform has announced USD 17 million in Series A.

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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.

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I Need Life Insurance - Where Do I Start?

Qudos Bank

This article has been prepared by NobleOak Life Limited ABN 85 087 648 708 AFSL No. 247302 (‘NobleOak’). FlexiCover Life Insurance is issued by NobleOak. Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 55 AFSL/Australian Credit Licence 238 305 (‘Qudos Bank’) is not responsible for the FlexiCover Life Insurance product. Qudos Bank promotes the FlexiCover Life Insurance product under a marketing arrangement with NobleOak but does not provide any financial advice regarding the product. .

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Entrust has partnered RNTrust

The Paypers

Entrust , a player in trusted identity, payments, and data protection, has announced a new partnership with RNTrust , a digital security solutions provider for the EMEA region.

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Ford enlists Stripe to drive car sales and put payments on the dashboard

American Banker

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Deloitte survey reveals that fraud could increase until 2024

The Paypers

UK-based Deloitte has released the Deloitte India Banking Survey , which shows that 78% of banking, financial services, and insurance companies believe fraud will increase until 2024.

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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.

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What’s the Future for Checking Accounts?

The Financial Brand

The core product with the obsolete name remains essential for consumers — and financial institutions — but the reasons why are changing. The post What’s the Future for Checking Accounts? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Jamaica population to broadly adopt CBDC by 2027

The Paypers

The Caribbean country officials have mentioned they expect a nationwide CBDC rollout by the end of the Q1 2022 after a successfully conducted pilot test in early January 2022.

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Where Banks & Credit Unions Are Missing the Mark with Mobile Banking

The Financial Brand

Many digital money management functions that make fintech and neobank offerings so popular still don't show up on most mobile banking apps. The post Where Banks & Credit Unions Are Missing the Mark with Mobile Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Instacart launches prepared meal delivery service

The Paypers

US-based grocery delivery and pick-up service company Instacart has launched its prepared foods from supermarkets new feature, creating new competition for DoorDash , Uber Eats , and others.

US 36
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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.

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BBVA Sees Results From Commitment to Financial Wellness

The Financial Brand

Understanding the importance of financial wellbeing and changing customer behaviors has improved customer engagement at BBVA. The post BBVA Sees Results From Commitment to Financial Wellness appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Walmart could launch own NFT and crypto

The Paypers

Walmart has shown signs of preparing to create its own cryptocurrency and collection of non-fungible tokens, as filings with the US Patent and Trademark Office show.

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Credit Suisse taps Axel Lehmann as chairman in emergency fix

American Banker

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GPS secures USD 400 mln investment

The Paypers

UK-based Global Processing Services (GPS) has closed its funding round with USD 400 million to accelerate payments technology.

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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.