Perficient

MARCH 16, 2021

In my last blog I discussed the consolidations required for success with the FR 2052a Complex Institution Liquidity Monitoring Report. My next blog will outline the data that can be reported. The FR 2052a report collects data for 10 distinct tables covering 115 product types, 14 counterparty types, 72 asset classes, and 75 maturity buckets out to five-plus years, which are related to the assets, liabilities, funding activities, and contingent liabilities on a consolidated basis and by material r

Report 294

Report Data Tools 294

Payments Source

MARCH 16, 2021

Showcasing contactless ATM access and enabling easier use of stimulus funds are among the ways the megabank and digital upstart are tailoring services to customers acquired during the pandemic. ]].

Digital Banking 170

Digital Banking ATM Payments 170

ATM Marketplace

MARCH 16, 2021

Miroslav Katsarov is CEO of Modeshift, a technology company with the mission to enable small and middle-size transit agencies to provide intelligent transportation services. He shares with ATM Marketplace his thoughts on the importance of contactless payments over cash in regards to public transportation.

Technology 131

Technology ATM Payments Company 131

Payments Source

MARCH 16, 2021

As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of everyone involved, including data aggregators and fintechs. ]].

Data 153

Data Regulation Fintech 153

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.

BankInovation

MARCH 16, 2021

Alex Carriles, chief digital officer at the $22.4 billion Simmons Bank, was just a little tired. He had just flown three hours to Houston the day after rolling out a new integration of credit cards to the bank’s board of directors. It’s been a busy 12 months for the Little Rock, Ark-based bank, which experienced […].

Houston 98

Houston Cards Retail 98

TheGuardian

MARCH 16, 2021

Regulator says bank failed to exercise controls over £264m in cash allegedly paid into customer’s accounts The City watchdog has begun criminal proceedings against the taxpayer-owned lender NatWest for allegedly failing to prevent money laundering, the first prosecution brought under money laundering regulations introduced in 2007. The Financial Conduct Authority alleges that NatWest, a subsidiary of NatWest Group ( formerly known as Royal Bank of Scotland ), allowed “increasingly large cash dep

Exercises 97

Exercises Regulation Groups 97

Payments Source

MARCH 16, 2021

Michael Moeser, senior analyst at PaymentsSource, talks to Nikki Darden, head of global marketing integration at Citigroup; and Cheryl Guerin, executive vice president of North America marketing and communications at Mastercard, about the True Name feature on their cards.

Cards 133

Cards America Marketing 133

American Banker

MARCH 16, 2021

Banks have borne the brunt of the criticism from consumers still waiting for coronavirus relief funds to land in their accounts. But the industry says the lag time is the fault of the government and its antiquated payments system ]].

Payments 98

Payments System Industry 98

Payments Source

MARCH 16, 2021

Mastercard and Visa's one-year delay is only a partial victory for retailers, who want the networks to have less power to set rates. ]].

Branding 106

Branding Cards Retail 106

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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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American Banker

MARCH 16, 2021

Seven years after regulators issued guidance to financial institutions, a small Michigan credit union was ordered to stop opening new accounts for marijuana businesses. ]].

Michigan 98

Michigan Regulation 98

BankInovation

MARCH 16, 2021

Regulation E compliance: The Federal Reserve Board’s Regulation E outlines the rights, liabilities and responsibilities for electronic fund transfer (EFT) participants. If a customer claims a claim is fraudulent, then a dispute form must be filed, provisional credit issued, and the bank has a limited time to investigate. Oconee State Bank recently automated its Regulation […].

Compliance 86

Compliance Regulation How To 86

TheGuardian

MARCH 16, 2021

Sources say former PM met with insurance officer named in investigation into now collapsed bank David Cameron, the former UK prime minister, has not responded to claims that he met with an Australian insurance company employee dismissed over his alleged involvement in underwriting the controversial lending model at the now-collapsed bank Greensill Capital.

Capital 94

Capital Lending Meeting Report 94

Payments Source

MARCH 16, 2021

Visa and Mastercard are postponing plans to boost the fees U.S. merchants pay when consumers use credit cards online, pushing back the changes another year to April 2022 because of the pandemic.

Cards 76

Cards Online 76

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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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American Banker

MARCH 16, 2021

M&F Bancorp in North Carolina plans to use some of the $18 million it received from big banks to make overdue improvements to its commercial lending platform. ]].

North Carolina 84

North Carolina Capital Lending Community Bank 84

ABA Community Banking

MARCH 16, 2021

One year into the COVID-19 pandemic, the vast majority of Americans say they are happy with their bank, according to results from a new ABA/Morning Consult poll released today ahead of ABA’s virtual Washington Summit. The survey found that nine in 10 Americans with a bank account were “very satisfied” or “satisfied” with their primary [.]. The post Consumers Report High Satisfaction With Banks, Industry Response to COVID-19 appeared first on ABA Banking Journal.

Industry 59

Industry Report Washington Survey 59

American Banker

MARCH 16, 2021

The proposed legislation is similar to a package put forward in 2020 and another introduced in the House in 2019. ]].

Lending 81

Lending Regulation 81

MyBankTracker

MARCH 16, 2021

Health insurance can help your family avoid bankruptcy from high medical bills. Understanding how it works isn’t easy, though. The insurance plans are full of confusing terms, such as deductible, that everyday people don’t understand. The complexities continue by having several other factors that impact your costs. It makes comparing policies extremely frustrating.

Taxes 52

Taxes Meeting Florida Policies 52

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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.

Lending

American Banker

MARCH 16, 2021

DLP Bancshares, an affiliate of DLP Real Estate Capital, plans to use the acquisition to create a national platform for commercial real estate and warehouse loans. ]].

New York 68

New York Company National Capital 68

FICO

MARCH 16, 2021

Open banking was unveiled to increase competition in financial services and enable third-party providers to offer valuable new services to consumers and business customers alike. But access to the opportunities open banking can offer hinges exclusively on customers consenting to share personal information with a wider number of companies. This fundamentally alters the relationship between account providers and their customers, and introduces new service providers, providing criminals with new op

Fraud 52

Fraud Data Security System 52

American Banker

MARCH 16, 2021

The company will pay $29 million for Town-Country National Bank in Camden, Ala., which will operate as its own subsidiary after the deal closes. ]].

Alabama 66

Alabama Marketing National Operations 66

BankDeals

MARCH 16, 2021

Certificate of deposit (CDs) ownership has steadily declined since 1989, while stock ownership has substantially increased in the same period. Read our research to understand the drivers of these trends.

Trends 40

Trends 40

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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.

Lending

American Banker

MARCH 16, 2021

After postponing enforcement for years, the card brands are implementing an EMV liability shift at fuel stations, which still struggle to make the upgrades necessary for chip-card acceptance. ]].

Branding 54

Branding Cards 54

The Paypers

MARCH 16, 2021

Luxembourg-based Crosscard has selected regtech provider Know Your Customer to digitise, centralise and streamline its corporate KYC and onboarding process.

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American Banker

MARCH 16, 2021

Citigroup’s dealmakers have been keeping busy with family offices looking to get in on the blank-check frenzy. Now the lender wants to bring its private bank a piece of the action. ]].

Management 51

Management 51

The Paypers

MARCH 16, 2021

Payment service provider Novalnet has announced a partnership with Apple Pay enabling global retailers to offer customers the Apple payment method.

Apple 41

Apple Retail Payments 41

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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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