Accenture
MAY 18, 2021
In my first blog on the future of banking operations in a post COVID-19 world, I examined why banks must reduce their operational costs dramatically just to stand still. In this follow-up post, I zero in on how to achieve the scale of cost reduction required – while also building the intelligent, growth-enhancing operations function….
BankInovation
MAY 18, 2021
U.S. Bank will partner with data integrator Plaid to provide customers with easier access to third-party apps, a move that extends the bank's strategic use of application programming interfaces (APIs). The deal is an indicator of the times as banks begin to signal more fintech partnerships in the coming year. U.S. Bank customers will be […].
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CFPB Monitor
MAY 18, 2021
The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests. Access to Fed services is sought by fintechs and other non-traditional financial services companies because a Fed account, and direct access to Fed financial
Jack Henry
MAY 18, 2021
The COVID-19 pandemic sent shock waves through local and world economies, with unprecedented shifts in consumer behavior, employment dynamics, and federal stimulus. Through it all, community banks and credit unions proved that they were up to the task. Having entered the event on much stronger financial footing than the great recession, these institutions met the challenge to respond by helping deliver key aid through the Paycheck Protection Program (PPP) and loan forbearance measures.
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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
Cisco
MAY 18, 2021
Today, businesses are having to rethink the way they operate. Many financial services organizations are quickly transforming their IT infrastructure into a digital-first model in order to easily embrace the changes ahead. Last week Cisco Meraki held a Financial Services webinar that explored how a cloud-first approach delivers the agility needed to help your business evolve and win with confidence in the marketplace.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
MAY 18, 2021
You have a story to share, and we at ATM Marketplace want to help you spread that story to the world.
CB Insights
MAY 18, 2021
Payments giant Stripe has acquired Bouncer, a card-scanning and authentication solution, for an undisclosed amount. The company’s team and technology will be integrated into Stripe Radar, its anti-fraud platform. WHO ARE THE PARTIES TO THE DEAL? Bouncer : California-based Bouncer is a card-scanning and risk detection technology platform that identifies fraudulent transactions by running automated card authentications.
TheGuardian
MAY 18, 2021
Crossbench peer met financier in July 2019 and was asked to release a statement countering claims of company fraud Former City minister Lord Myners, a vocal public critic of the disgraced finance firm Greensill Capital, told its billionaire founder he was “at your service” and assured him negative media coverage would be forgotten and would “wrap fish and chips in no time”, newly published emails show.
Payments Source
MAY 18, 2021
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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
FICO
MAY 18, 2021
Mathematicians and computer nerds – and I know many – talk frequently about Ray Kurzweil’s “ second half of the chessboard ,” the exponential explosion that results when things geometrically double in value with each iteration. . As the story goes, if you put a grain of rice on the first square of a chessboard and continue to double it… two on the second, four on the third, eight on the fourth, and so on, after 32 squares – the “first half” of the chessboard – you would have 2.14 billion grains
Payments Source
MAY 18, 2021
FICO
MAY 18, 2021
As the economies in many countries start to bounce back due to successful vaccination programmes, there is a lot of discussion among lender about how best to determine both consumer and SME risk and treatment in the collections operation, given the interruption to standard data variables on which credit risk decisioning has been premised for some time.
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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.
CB Insights
MAY 18, 2021
Collective , an online financial platform for the self-employed, has raised $20M in a Series A. The round drew participation from General Catalyst, Sound Ventures, Expa, QED Investors, and Gradient Ventures, among others. How’s the company performing? California-based Collective is an all-in-one financial platform for self-employed creators that provides company incorporation, accounting, bookkeeping, and tax services.
Payments Source
MAY 18, 2021
The Paypers
MAY 18, 2021
Open Banking platform Tink has announced the acquisition of FinTecSystems – a German Open Banking infrastructure fintech, powering over 150 banks and fintechs in Germany, Austria, and Switzerland.
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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 18, 2021
Global tax software provider Sovos has released research regarding Italy’s VAT regulation changes, introducing a new method of reporting cross-border invoices.
ABA Community Banking
MAY 18, 2021
The American Bankers Association, along with five financial services trade groups, released a white paper today outlining obstacles and solutions for improving financial inclusion for the unbanked population and for reducing the use of high-cost nonbank financial products and services. The post ABA, Trade Groups Release Report on Improving Financial Inclusion appeared first on ABA Banking Journal.
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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 Paypers
MAY 18, 2021
Bangko Sentral ng Pilipinas (BSP) and other partners in Philippines are testing a new payments framework called PhilPaSSplus.
The Paypers
MAY 18, 2021
The specialised payment platform Paysafe has announced a partnership with travel booking and gift card redemption platform TripGift to introduce online cash payments for gifts.
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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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