Accenture
APRIL 8, 2021
This year´s reporting season has brought sustainability and environmental, social and governance (ESG)-related efforts to the forefront of international banks’ annual reports, including their future outlooks and bold pledges. The message is clear: banks are emerging as a major force in reaching the UN´s Sustainable Development Goals (SDGs). We’ve seen changes in the C-suite, too.….
SWBC's LenderHub
APRIL 8, 2021
No one could have predicted the level of disruption we’ve all faced following the onset of the COVID-19 pandemic last year. If your financial institution has been thrown into unfamiliar territory and you aren’t sure what to do or how to manage your large REO portfolio , we have a few ideas that we would like to share.
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Accenture
APRIL 8, 2021
All SWIFT customers are required to complete independent assessments as part of the Customer Security Programme (CSP), which helps SWIFT customers fight cyber-attacks. As of 2021, to be considered compliant, these assessments must be done by an independent organization. Here are answers to four common questions about the assessments. 1. What’s behind the change?
Bobsguide
APRIL 8, 2021
Insider trading must be tackled by regulators to provide a fairer market for small shareholders, particularly since the pandemic caused record levels of retail trading accounts, says Mohammed Rharrabti, senior business analyst at Natixis. “You can go to a forum and see many people exchange.
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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
Accenture
APRIL 8, 2021
COVID-19 has had a profound impact on businesses of all sizes. Over the past 12 months, organizations across the globe have faced substantive impacts to their receipts, disbursements, and in consequence, liquidity. As organizations pivot to the new normal – remote workforce environments included – technology is helping to power their transformation.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
APRIL 8, 2021
Bank Automation News and Kearney, a leading global consultancy, have formed a content partnership that will deliver crucial analysis and insight on banking technology and automation. The partnership will include the participation of Kearney consultants in Bank Automation News events and webinars. Bank Automation News and Kearney will kick off their alliance with Kearney’s participation […].
Banking Exchange
APRIL 8, 2021
The E-Sign Act was signed into law over two decades ago Technology Duties Feature Compliance Tech Management Branch Technology/ATMs Mobile Online Security Checks/Remote Deposit Capture Compliance/Regulatory Cyberfraud/ID Theft Consumer Compliance Feature3.
BankInovation
APRIL 8, 2021
Canada’s Scotiabank is reaping the benefits of its AI investment across the bank, finding returns in the back office of its global banking marketing division, improved security on the front line, and better call center responses. Phil Thomas, Scotiabank's executive vice president of customer insights, data and analytics, said AI is paying off in multiple […].
CFPB Monitor
APRIL 8, 2021
On April 1, 2021, the FDIC’s final rule issued in December 2020 revising its brokered deposits regulation became effective. The full compliance date for the final rule is January 1, 2022. The rule established a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amended the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions.
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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
CFPB Monitor
APRIL 8, 2021
The CFPB announced that it has entered into a consent order to settle the CFPB’s allegations that a debt collector, Yorba Capital Management, LLC (Yorba), and its owner, Daniel Portilla, Jr., violated the Consumer Financial Protection Act and that Yorba violated the Fair Debt Collection Practices Act. The consent order permanently bans both Yorba and Mr.
FICO
APRIL 8, 2021
Over the last year, the global pandemic has profoundly impacted fraud trends , with financial criminals feasting on a desperate stew of consumer loneliness, financial difficulties, boredom and desperation. A few months ago my colleague TJ Horan blogged about money muling , a crime in which unsuspecting folks are duped into illegally transferring ill-gotten funds on behalf of criminals, unwittingly acting as a cog in the vast machinery of financial thievery.
BankInovation
APRIL 8, 2021
Financial advice technology firm Envestnet today announced its acquisition of Harvest Savings & Wealth Technologies, a platform that provides automated personal savings tools and wealth management solutions to banks and financial institutions. Harvest’s savings tools will help Envestnet “target banks we don’t really have a footprint in,” Dani Fava, head of strategic development at Envestnet, […].
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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.
TheGuardian
APRIL 8, 2021
Group will repay UK government £15.5m worth of furlough payments as profits surge to £127m The Co-operative group is to repay £15.5m in furlough payments to the government, but will hold on to more than £66m in business rates relief despite announcing a surge in profits during the pandemic. The mutual, which owns hundreds of grocery stores as well as funeral parlours, legal and insurance services, said pretax profits jumped from £24m to £127m in the year to 2 January.
BankInovation
APRIL 8, 2021
A question I am often asked is how businesses can grow with confidence. The answer I often give is for businesses to really focus on their own strengths to help enable growth. This is exactly what we’re doing at OakNorth, using our expertise in data analytics and ‘Credit Intelligence’ to redefine commercial lending to the […].
CFPB Monitor
APRIL 8, 2021
After looking at how the decision narrows the technology covered by the Telephone Consumer Protection Act’s automatic telephone dialing system definition, we discuss its implications for TCPA litigation going forward, including do-not-call and prerecorded call claims and the intersection with debt collection claims, and for regulatory compliance when making calls for telemarketing or lead generation, as well as possible Congressional responses to the decision.
Bankelele
APRIL 8, 2021
In April 1923, the East African Standard, ran an anonymous blog-like column by a bank clerk in the Kenya Colony. He narrates how he wakes up slowly, is brought tea by his servant Juma (which means Friday), then is brought his bath, of which there are two types, before he goes to work. Excerpts: “… […]. The post Bank Clerk in the Kenya Colony appeared first on Bankelele.
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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.
MyBankTracker
APRIL 8, 2021
A leaky or damaged roof needs quick attention, or else there’s the risk of mold developing and spreading through the home. But depending on the extent of damage, fixing a roof can be expensive. The good news: Your homeowners insurance policy might cover the repair cost. This can reduce your out-of-pocket expense, allowing you to complete a repair sooner rather than later.
BankDeals
APRIL 8, 2021
Queenstown Bank currently offers its Kasasa Cash, Kasasa Cash Back, and Kasasa Saver to residents of Maryland and Delaware through online application.
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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
APRIL 8, 2021
Switzerland-based SEBA Bank , a FINMA-licenced bank, has announced it is listing a suite of digital-assets-based exchange traded products on the SIX Swiss Exchange.
CB Insights
APRIL 8, 2021
OneStream Software , which provides corporate performance management (CPM) solutions, has raised a $200M Series B. The round was led by D1 Capital Partners with participation from Tiger Global Management and Investment Group of Santa Barbara. How’s the company performing? Michigan-based OneStream offers enterprises a cloud-based finance platform that combines CPM services such as financial planning, reporting, and analytics.
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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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