CFPB Monitor

JULY 27, 2021

A Maryland federal district court has dismissed a putative class action lawsuit filed against nine companies that manage apartment buildings in the Washington, D.C. area by a 55-year old prospective tenant who alleged the defendants engaged in unlawful “‘digital housing discrimination’” by routinely and intentionally excluding older people from receiving Facebook advertisements for their apartment complexes in the D.C. area.

Maryland 148

Maryland social media Google Washington 148

ATM Marketplace

JULY 27, 2021

In response to changing trends and COVID-19, many banks have to make a choice around whether to close the branch or transform it

Trends 130

Trends 130

BankUnderground

JULY 27, 2021

Dario Bonciani, David Gauthier and Derrick Kanngiesser. Following the global financial crisis in 2008, central banks around the world introduced tighter banking regulations to increase the resilience of the financial sector and reduce the risks of severe financial disruptions during economic downturns. This fact has motivated a large body of literature to assess the role that macroprudential (MacroPru) policies play in mitigating the severity of recessions.

Policies 101

Policies Capital Regulation Analysis 101

BankInovation

JULY 27, 2021

The biggest barrier to increased automation in the mortgage process isn’t technology, but it’s people — specifically, convincing them that digital signatures are acceptable. Currently, only 5% of mortgage signatures are fully digitalized, said Jonathan Kearns, vice president of technology for the mortgage data standards group MIMSO. “There’s still only 5% of them being done […].

Maine 98

Maine Groups Technology Data 98

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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

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CFPB Monitor

JULY 27, 2021

The CFPB has filed a motion to lift the stay of the compliance date for the payment provisions in its 2017 final payday/auto title/high-rate installment loan rule (2017 Rule). In May 2018, the Texas federal district court hearing the lawsuit filed by two trade groups challenging the 2017 Rule entered an order staying the lawsuit. Subsequently, in November 2018, the court entered an order staying the August 19, 2019 compliance date for both the 2017 Rule’s ability-to-repay provisions and its pay

Payments 78

Payments Compliance Groups Texas 78

TheGuardian

JULY 27, 2021

Despite chequered history the 329-year-old private bank has secured the sought-after B Corp status Private bank Coutts will offer carbon credits and green mortgages to its ultra-wealthy clients after becoming one of the largest UK banking brands to secure B Corp status. Coutts, known as the Queen’s bank for having served every member of the royal family since George IV, is trying to bolster its environmental and social reputation after being dogged by a series of scandals in recent years, includ

Branding 90

Branding Security Regulation 90

CB Insights

JULY 27, 2021

Fintech solutions geared toward businesses of all shapes and sizes are rapidly gaining traction. FREE DOWNLOAD: STATE OF FINTECH q2’21. Q2’21 was the largest funding quarter on record. Download the report to learn more. First name. Last name. Email. Company Name. Job Title. Phone number. Want the full expert post? Become a CB Insights customer.

Company 88

Company Payments Fintech Report 88

FICO

JULY 27, 2021

I’ve often said that if you need to get really good at collections now, it may already be too late. The time to invest and improve is before you’re facing a debt tsunami. And there are signs that one is coming now. Despite so-called Freedom Day coming and going, financial uncertainty in the UK is set to continue shaping the economic outlook. According to the Financial Conduct Authority's (FCA) latest analysis , it’s estimated that 52% of adults (27 million) in the UK could now be considered as f

Analysis 52

Analysis Analytics Strategy Capital 52

CB Insights

JULY 27, 2021

Titan , an investment management platform, has raised $58M in a Series B funding round. This round drew participation from Andreessen Horowitz, General Catalyst, BoxGroup, and Thirty Five Ventures, among others. How is the company performing? New-York-based Titan is a mobile-first investment platform that provides investment management services to retail investors.

Management 69

Management Company New York cryptocurrency 69

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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

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The Paypers

JULY 27, 2021

Cryptomathic and UTIMACO , a provider of IT security solutions, have unveiled a joint Qualified Electronic Signature (QES) solution with a security model.

Security 56

Security 56

CB Insights

JULY 27, 2021

Lev , a real estate financing platform, has raised $30M in a Series A with participation from Greenspring Associates, JLL Spark, NFX, and Canaan Partners, among others. How’s the company performing? New York-based Lev Capital is a real estate financing software platform provider that helps commercial real estate investors and owners obtain financing for homes and other properties.

New York 69

New York Software Capital Operations 69

The Paypers

JULY 27, 2021

Belgium-based SWIFT has announced the launch of SWIFT Go, a new service that enables small businesses and consumers to send cross-border payments directly from their bank accounts.

Payments 49

Payments 49

CB Insights

JULY 27, 2021

FloQast , an accounting workflow automation software, has raised $110M in a Series D funding round. The round drew participation from Meritech Capital, Insight Partners, and Redpoint Ventures, among others. How is the company performing? California-based FloQast is a cloud-based, AI-powered software that helps automate accounting workflows. The company states an 88% year-over-year growth in (ARR) annual recurring revenue.

Company 69

Company Software California Capital 69

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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.

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The Paypers

JULY 27, 2021

Digital banking platform TruNarrative has partnered with UK-based regtech ieDigital to provide financial institutions access to ID verification, eKYC, AML, and account monitoring technology.

Digital Banking 46

Digital Banking Technology 46

ABA Community Banking

JULY 27, 2021

In a letter sent ahead of a House Committee on Financial Services markup tomorrow, the American Bankers Association expressed support for H.R. 4590, the Promoting New and Diverse Depository Institutions Act, introduced by Rep. Jake Auchincloss (D-Mass.). The post ABA Supports Bill to Study Challenges Faced by Prospective De Novos appeared first on ABA Banking Journal.

Study 52

Study Community Bank Community 52

The Paypers

JULY 27, 2021

International financial solutions provider Profile Software has announced the omnichannel digital banking platform integration project at Optima bank (ex-Investment Bank of Greece).

Digital Banking 41

Digital Banking Software 41

American Banker

JULY 27, 2021

Survey 88

Survey Community Bank Community 88

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The Paypers

JULY 27, 2021

Business and investment platform for African markets Invest Africa and international private bank for emerging market clients Standard Chartered Private Bank have partnered.

Marketing 45

Marketing 45

American Banker

JULY 27, 2021

Training 87

Training Technology 87

The Paypers

JULY 27, 2021

Jack Henry , a provider of technology solutions and payment processing services for the financial services industry, has partnered with Merchant’s PACT (MPACT).

Industry 45

Industry Technology Payments 45

American Banker

JULY 27, 2021

Compliance 87

Compliance 87

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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.

Compliance

The Paypers

JULY 27, 2021

nCino has revealed its results from a new research on the views of senior executives within financial institutions on their ongoing digital transformation journeys.

41

41

American Banker

JULY 27, 2021

83

83

The Paypers

JULY 27, 2021

Gregfins , a UK-based PFM app, has teamed up with Salt Edge to help its end-customers to connect and access all bank accounts in one app.

Technology 48

Technology 48

American Banker

JULY 27, 2021

Groups 81

Groups Regulation Capital 81

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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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