Payments Dive
MAY 5, 2022
Sen. Dick Durbin pushed for a handful of reforms of credit card fee practices at Wednesday's Senate Judiciary Committee hearing on "excessive swipe fees," but didn't offer plans for new legislation. He also questioned Visa and Mastercard representatives about recent fee increases and took testimony from consumer advocates who slammed the hikes.
Perficient
MAY 5, 2022
While it was once expected and acceptable for lenders to enforce standardized payment due dates and policies, COVID-19 brought the impracticality and ineffectiveness of a “one-size-fits-all” approach to credit and lending to light. Two-plus years later, banks and credit unions continue to feel the pressure to transform their credit and lending operations.
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Payments Dive
MAY 5, 2022
Employers with a Grubhub Corporate Account can set parameters on when workers can use the pay card or choose to give them a daily or weekly credit to use when ordering from partner restaurants on the delivery marketplace.
Accenture
MAY 5, 2022
Before making a big investment (of both money and effort) in their journey to cloud, most banks want to know what kind of return they’ll get on that investment. Is there a solid business case for moving to cloud? I discuss the areas that see the best return on investment (ROI) from cloud with Keri…. The post 3 ways banks can get great ROI from the cloud appeared first on Accenture Banking Blog.
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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
Payments Dive
MAY 5, 2022
Brookfield, Wisconsin-based Fiserv is adding a new buy now-pay later player to its roster. The company said Wednesday that San Francisco-based Affirm will be the first BNPL option integrated into its Carat service, which is directed at larger enterprises.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MAY 5, 2022
The program, which provides drivers 10% cash back on gas purchases on a prepaid Visa card, will now run through August.
CFPB Monitor
MAY 5, 2022
We discuss the industries and practices that have been the subject of recent FTC enforcement focus, including: marketing, servicing, and collection practices involving small business financing such as merchant cash advances; auto add-on product sales practices; product endorsements and reviews; dark patterns; marketing practices of for-profit schools; lead generation; and COVID-related fraud.
Gonzobanker
MAY 5, 2022
ICE should take care to ensure that this deal does not slow the speed to market of both companies. New York Stock Exchange-parent Intercontinental Exchange (ICE.N) just announced it will acquire Black Knight (BKI.N) in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion or about 9 times 2021 revenue. This is the same ICE that owns Encompass, the mortgage loan origination system formerly owned by Ellie Mae, in use by over 1,350 U.S. banks and credit unions for th
Bobsguide
MAY 5, 2022
Broadridge Wins Innovation in Governance and Proxy Voting Award at Global Custodian’s Leaders in Custody Awards; Recognised as leaders in advancing corporate governance through proxy voting and disclosure services; Samir Pandiri, President of Broadridge International, is inducted as a Global Custodian Legend. Broadridge, a global Fintech leader, has won the Innovation in Governance and Proxy Voting Award at this year’s Global Custodian Leaders in Custody Awards, a globally recognised
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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
SWBC's LenderHub
MAY 5, 2022
Watching yesterday’s post on the Federal Open Market Committee (FOMC) press conference with Fed Chairman Jay Powell, I feel that we saw a chairman chastened by a resounding early loss in battle to his greatest enemy (inflation) but full of steely resolve to reverse the tide and win the war.
Bobsguide
MAY 5, 2022
GFT drives factory-floor digital transformation with support for new Google Cloud industry-specific solutions. GFT drives factory-floor digital transformation with support for new Google Cloud industry-specific solutions. New York, 5 May, 2022 – Recruiting data scientists is one of the greatest challenges in the current labour market: analysts say that there was a shortage of 250,000 data scientists globally even in 2020.
BankInovation
MAY 5, 2022
Lenders are leveraging and integrating data faster and in higher volumes than ever before in an effort to ease friction in the lending processes, but it is proving to be no easy task to ensure all stakeholders are happy. Consumers, dealers and even “internal” customers have different priorities when it comes to data integration, and […].
SWBC's LenderHub
MAY 5, 2022
“May you live in interesting times” is said to be an ancient Chinese curse to wish upon one’s enemies. Between recovering from a global pandemic, soaring interest rates, the Russian invasion of Ukraine and economic sanctions from the West, oil surpassing $100 a barrel, and the cost of virtually everything rising, the U.S. economy has been living through interesting times in the first quarter of 2022.
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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.
BankInovation
MAY 5, 2022
Mobile bank N26 reduced its app build and testing times significantly after moving to a cloud-based platform that helps automate aspects of mobile app development. The Berlin-based bank’s development team increased app store releases by 200% while decreasing testing time by 80% and build times by 50%, Dama Damjanovic, principal engineer at N26, told Bank […].
William Mills
MAY 5, 2022
Why do we communicate? To get our message across. Communication plays a key role in effective public relations. Two-way communication between both parties is essential, and information must flow in its desired form between the organization and the public. With PR practitioners focused on what people think, feel and say about brands they interact with, we need to be consistent and authentic in our communications with our client's target audiences.
BankInovation
MAY 5, 2022
TD Bank will soon automate enterprise resource and cash management processes for its commercial customers in an embedded finance move. The Cherry Hill, N.J.-based TD Bank, a subsidiary of the $1.73 trillion TD Bank Group, has selected enterprise resource management fintech FISPAN to embed TD Commercial digital banking products into an automated digital platform, according […].
Jack Henry
MAY 5, 2022
In the fall of 2019, I wrote a white paper about recessionary trends and the likely end to the longest expansionary period in U.S. history, where I encouraged bankers to focus on assessing the risks in their portfolio. Specifically, I advised focusing on credit, interest rates, and liquidity – the three most significant risks to portfolios that have been at the root of most bank failures in the nearly 100 years since the Great Depression.
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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 Paypers
MAY 5, 2022
Canada-based global payment platform Nuvei has announced that is has partnered with Fifth Third Bank, National Association to provide real-time deposits to the US sports betting and iGaming industries.
CB Insights
MAY 5, 2022
Open , a digital bank, has raised $50M in a Series D. The round drew participation from Tiger Global Management, IIFL, and Temasek, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy "><h4>
ABA Community Banking
MAY 5, 2022
The Federal Reserve, FDIC and OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act. The post Agencies propose highly anticipated CRA overhaul appeared first on ABA Banking Journal.
FICO
MAY 5, 2022
How can transaction analytics deliver a major competitive advantage in lending? This is the topic I will be discussing at the Gartner Data & Analytics conference May 9-11 in London. Here’s a preview. The pandemic highlighted the over-reliance of banks on traditional data when making credit decisions. The sudden nature of the lockdowns had an immediate impact on incomes for consumers and the businesses that supported them.
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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 Banker
MAY 5, 2022
Resilience gained through the painful post-global financial crisis restructuring has helped Portugal’s banks emerge from the pandemic in fit condition. Now, as Russia’s invasion of Ukraine takes its toll on the global economy, the sector is well prepared for the challenges ahead. Peter Wise reports.
CB Insights
MAY 5, 2022
Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. Payments leaders face compounding challenges of combating fraud and financial crime, securing consumer and payment card data, and complying with regulatory mandates to protect their businesses and customers — all while ensuring a frictionless user experience.
The Paypers
MAY 5, 2022
Stripe , an Ireland-based payments company, has announced a new product that will let its customers connect directly to their customer’s bank accounts, to access financial data to speed up transactions.
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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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