Thu.Oct 20, 2022

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Earnings preview: Payments companies confront 3Q challenges

Payments Dive

Macroeconomic headwinds, consumer health and cost management are set to be topics of conversation during payments companies' quarterly earnings calls.

Company 390
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7 Rules To Improve Total Experience Using the “Time-on-Task” Methodology

South State Correspondent

We covered various frameworks to “wow” your customer HERE. We covered why “Time-on-Task” (or the companion Customer Effort Score) is the ultimate metric in banking HERE. In this article, the last in the series, we give you seven rules to improve your bank. While these rules were derived from improving time-on-task, they can enhance bank performance no matter what metrics a bank uses for customer, employee, or total experience (the combination of employee and customer experience). 1.

Policies 195
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Appeals court rules CFPB funding structure unconstitutional

Payments Dive

Because the CFPB receives funds from the Federal Reserve and not Congress, the bureau’s funding apparatus violates the separation of powers principles in the U.S. Constitution, the court ruled.

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Are POC Taking Full Advantage of Property Tax Appeals in Texas?

SWBC's LenderHub

Welcome to the second conversation in our Elevating Voices Series! In case you missed the first one, A Discussion About Equity and Inclusion in Lending , we are engaging in various conversations with real estate and real estate lending professionals regarding diversity, equity, and inclusion within our industries. We will also speak about dynamics impacting homeownership rates amongst Black and Latino communities and draw attention to the people and organizations that are working to make a diffe

Texas 78
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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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This week’s podcast episode: How will the Anti-Money Laundering Act of 2020 (AMLA) and the Corporate Transparency Act (CTA) impact banks’ anti-money laundering (AML) compliance under the Bank Secrecy Act (BSA)? A discussion with special guest Matt Haslinger Chief BSA/AML/OFAC Officer, M&T Bank

CFPB Monitor

After reviewing how the AMLA expands the BSA’s goals, we look at which AMLA provisions have the most impact on BSA compliance, including the AMLA’s emphasis on information sharing, the Financial Crimes Enforcement Network’s “national priorities” and the value of threat pattern and trend information to bank compliance efforts, and the AMLA’s expansion of the U.S. government’s authority to subpoena information from foreign financial institutions that maintain correspondent banking relationships wi

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FICO® Resilience Index: Credit Lifecycle Strategies are a Requirement

FICO

Home. Blog. FICO. FICO® Resilience Index: Resilient Credit Lifecycle Strategies Are a Requirement. FICO ® Resilience Index tools that measure consumer resiliency, benefit lenders in a recessionary environment. asokolowski@speednet.pl. Fri, 06/03/2022 - 12:24. by Moma Chakraborty. Director of Product Management, Scores. expand_less Back To Top. Thu, 10/20/2022 - 15:00.

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i2c latest partnerships bring innovation in payments

The Paypers

US-based fintech i2c has partnered with Connect Financial , Miq , Platsk , and Viva Equity to democratise and bring innovation across the digital financial ecosystem.

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JP Morgan to tokenize euro deposits soon | Goldman Sachs crypto volumes are growing | Amazon launches home insurance comparison website in Britain

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: JP Morgan to tokenize euro deposits soon.

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Fifth Third to relaunch mobile app

BankInovation

Fifth Third Bank increased its tech spend during the third quarter and is working toward full digitization of its mobile banking capabilities for the remainder of the year. The $205 billion bank’s noninterest expenses during the quarter fell year over year, but the bank remained committed to increasing its tech investments during the quarter, which […].

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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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FICO® Resilience Index: Resilient Credit Lifecycle Strategies Are a Requirement

FICO

Home. Blog. FICO. FICO® Resilience Index: Resilient Credit Lifecycle Strategies Are a Requirement. FICO ® Resilience Index tools that measure consumer resiliency, benefit lenders in a recessionary environment. asokolowski@speednet.pl. Fri, 06/03/2022 - 12:24. by Moma Chakraborty. Director of Product Management, Scores. expand_less Back To Top. Thu, 10/20/2022 - 15:00.

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IBM focuses on hybrid cloud, AI

BankInovation

IBM posted increased revenues in software, consulting and infrastructure in the third quarter as the tech company prioritized hybrid-cloud and artificial intelligence (AI) strategies. “Technology remains a fundamental source of competitive advantage” in the industry, IBM CEO Arvind Krishna said during Wednesday’s Q3 earnings call, noting that 77% of businesses surveyed have adopted the hybrid […].

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Nubank launches its own cryptocurrency

The Paypers

Nubank , the digital financial services platform, has announced the creation of Nucoin, its own cryptocurrency, expected to launch in the first half of 2023 on the Polygon blockchain network.

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Fifth Circuit finds CFPB funding structure unconstitutional

American Banker

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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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Checkout.com launches new fraud prevention tool against online fraud

The Paypers

Cloud-based payments service provider Checkout.com has announced the launch of its Fraud Detection Pro tool, a fully flexible solution used to solve online payments fraud and optimise revenues.

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Bank of America beefs up its international B2B payments tech

American Banker

America 74
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Banco Santander, Forgepoint Capital to drive cybersecurity investment

The Paypers

Banco Santander has announced an alliance with venture capital firm Forgepoint Capital to drive cybersecurity investment and innovation globally.

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How Citi thinks about innovation, customer experience, and employee retention

American Banker

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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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Token and Computop join forces

The Paypers

Token , an Open Banking payments platform, and Computop Paygate , a payment service provider (PSP), have joined forces.

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Why neobank Current left its main tech provider, Galileo, for Visa

American Banker

Maine 73
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N26 launches new crypto product

The Paypers

Mobile bank N26 has announced the launch of its cryptocurrency product that will allow eligible customers to buy and sell almost 200 cryptocurrencies in their N26 app.

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Florida credit union names new CEO

American Banker

Florida 69
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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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Lloyds Banking Group launches its Innovation Sandbox

The Paypers

Lloyds Banking Group (LBG) has launched its Innovation Sandbox to accelerate LBG’s collaboration with fintechs and improve their digital products.

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Credit unions wary despite record-low delinquencies

American Banker

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Klarna Creator launches to boost influencer marketing

The Paypers

Sweden-based Buy Now, Pay Later (BNPL) fintech Klarna has launched a Klarna Creator app for retailers and influencers to collaborate on brand campaigns.

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All of CFPB's past actions threatened by appeals court decision

American Banker

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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.