CFPB Monitor
FEBRUARY 27, 2023
On February 23, 2023, the CFPB announced in a blog post that it had issued orders to nine large auto lenders requesting information about their auto lending portfolios. The orders, which the CFPB says were sent to a cross-section of the auto finance market, represent the latest action taken by the Bureau in its effort to build a new data set that gives better insight into market trends. .
Payments Dive
FEBRUARY 27, 2023
A credit union trade group railed against expected credit card processing legislation aimed at Visa and Mastercard before a bill has even been introduced in Congress this year.
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Perficient
FEBRUARY 27, 2023
Life is full of intersecting points. The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion.
Payments Dive
FEBRUARY 27, 2023
The Seattle-based remittance fintech launched Passbook in 2020. The product, however, hasn’t garnered significant overlap with existing customers, Remitly CEO Matt Oppenheimer said.
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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
CFPB Monitor
FEBRUARY 27, 2023
The U.S. Supreme Court has granted the certiorari petition filed by the CFPB seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. v. CFPB. In that decision, the Fifth Circuit panel held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
FICO
FEBRUARY 27, 2023
Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! 15 companies recognized for successful innovation in AI, machine learning and decision management Saxon Shirley Mon, 02/27/2023 - 08:09 by Nikhil Behl expand_less Back To Top Mon, 02/27/2023 - 08:00 2023 FICO Decisions Award Winners - Decisions That Matter It's with great enthusiasm that I reveal the victors of the 2023 FICO® Decisions Awards !
CFPB Monitor
FEBRUARY 27, 2023
In May 2022, the CFPB sent letters to the chief executive officers of six major credit card issuers regarding their companies’ payment furnishing practices. On February 16, the CFPB published a blog post about its key findings based on the issuers’ responses to those letters and released the letter it sent to the issuers summarizing its key findings.
ATM Marketplace
FEBRUARY 27, 2023
Providing a seamless customer experience is crucial for the success of any ATM fleet owner. A smooth payment process, efficient ATM operation, and quick market launch of new products and services all contribute to a better consumer satisfaction. Ultimately, this results in higher profits and a thriving business.
TheGuardian
FEBRUARY 27, 2023
Action against one of Europe’s largest financial institutions is the first climate-related lawsuit against a commercial bank French campaigners are suing one of Europe’s largest financial institutions for financing fossil fuels in the first climate-related lawsuit against a commercial bank. Oxfam France, Friends of the Earth France and Notre Affaire à Tous accuse BNP Paribas of supporting companies that aggressively develop new oil and gas fields and infrastructure, despite repeated calls by sci
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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
BankInovation
FEBRUARY 27, 2023
Engagement banking platform Backbase named Sam Boggs III senior vice president and general manager for the North American mid-market segment last week. Boggs will focus on delivering engaging banking technology to the bank and credit union space, according to a Backbase release.
The Paypers
FEBRUARY 27, 2023
Cryptocurrency exchange Coinbase has launched the Base layer-2 network in an effort to make building decentralised apps more accessible.
BankInovation
FEBRUARY 27, 2023
Forward Bank is aiming to improve client interactions and to spend more time and effort in the advisory space with the launch of new automated capabilities.
Qudos Bank
FEBRUARY 27, 2023
If you’re trying to work out how to handle the rising cost of living in Australia, then you’re not alone. The cash rate rose from 0.1% to 3.1% in 2022 1 , while inflation continues to rise. People across the country are feeling the pinch following the increased prices of essential goods and services. However, there are ways you could handle the rising cost of living.
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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
FEBRUARY 27, 2023
We mined Yardstiq ’s interviews with software buyers to understand their views on fraud prevention solutions. Clients can download our scorecard to quickly compare the below vendors. To read the interview transcripts for each solution, reserve your Yardstiq subscription here. Feedzai Forter SEON Technologies Sift Signifyd Want the full post? Become a CB Insights customer.
The Paypers
FEBRUARY 27, 2023
Global digital transformation and cybersecurity services and solutions provider Noventiq has announced the closing of the Saga Group acquisition.
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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
FEBRUARY 27, 2023
Germany-based fintech company Funanga has announced its partnership with Shufti Pro to prevent and combat fraudulent activities using the latter’s IDV solutions.
American Banker
FEBRUARY 27, 2023
The Paypers
FEBRUARY 27, 2023
Biometrics company Fingerprint Cards AB ( Fingerprints ) has announced its partnership with Flywallet to launch biometric wearable products across the European market.
The Banker
FEBRUARY 27, 2023
The central bank of Turkey’s macroprudential adjustments has made the operating environment for the country’s banks increasingly complex. James King reports.
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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
FEBRUARY 27, 2023
Data security software provider Metomic has raised USD 20 million in a Series A funding round in order to expand its operations in the US.
American Banker
FEBRUARY 27, 2023
The Paypers
FEBRUARY 27, 2023
The Financial Action Task Force has planned the strengthening of standards for the Travel Rule in order for countries to accommodate safer virtual asset services.
American Banker
FEBRUARY 27, 2023
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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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