Abrigo

DECEMBER 10, 2021

New updates to the FFIEC BSA Exam Manual The December 2022 release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency. Would you like other articles like this in your inbox? Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. Takeaway 2 AML programs should be reviewed to ensure all current regulatory expectations are addressed.

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BankInovation

DECEMBER 10, 2021

The COVID-19 pandemic and subsequent shut down has led to a significant increase among consumers adopting digital technologies to interact with the world. Now is an especially exciting time for financial services, Vince Passione, CEO of lending platform and online marketplace LendKey, tells Bank Automation News in this episode of "The Buzz” podcast.

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Abrigo

DECEMBER 10, 2021

Avoiding common loan review obstacles Three common weaknesses within the loan review process can prevent a loan review department from being fully effective. Learn how to strengthen your loan review process. Download Whitepaper . Takeaway 1 Financial institutions often lack independent assessments to evaluate processes and procedures. Takeaway 2 A key issue for FIs is a lack of documentation and supported data to make informed decisions.

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BankInovation

DECEMBER 10, 2021

In this week’s episode of “The Buzz” podcast, the Bank Automation News editors discuss the recent earnings report for robotic process automation company UiPath, and its plans for expanding its solution, exploring why UiPath might have mergers and acquisitions ahead. The BAN team also addresses the role blockchain played in a recent foreign exchange live […].

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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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The Paypers

DECEMBER 10, 2021

Global provider of secure financial messaging services SWIFT has announced the translation availability for its ISO 20022 customer testing environment for cross-border payments.

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The Paypers

DECEMBER 10, 2021

The Australian Competition and Consumer Commission (ACCC) has planned to release a consumer data right (CDR) sandbox to help core banking system vendors and banks, according to itnews.com.au.

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BankInovation

DECEMBER 10, 2021

Many fintechs have not yet reached a point of long-term viability, and very few are actually making any money, Goldman Sachs Chairman and Chief Executive Officer David Solomon said this week. The outlook of fintechs, both current and prospective, will center around their ability to convert their guiding business frameworks into models that support durability […].

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TheGuardian

DECEMBER 10, 2021

Company tells its 60,000 existing P2P investors it will be handing them back their money It once hoped to make banks a thing of the past by cutting them out of the equation, but now Zopa is shutting down its “peer-to-peer” (P2P) lending arm after 16 years – so it can concentrate on being a bank. The company has contacted its 60,000 existing P2P investors to let them know that it will be handing them back their money – leaving them to find a new home for their cash at a time of ultra-low savings

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ATM Marketplace

DECEMBER 10, 2021

Where is fintech headed in 2022? Read more to find out!

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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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The Paypers

DECEMBER 10, 2021

Paytm has received scheduled bank status from Reserve Bank of India (RBI) , helping shares of One 97 Communication recover and jump 6% after falling about 2%.

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PopularBank

DECEMBER 10, 2021

The Popular Easy Access Checking account was officially certified by the national nonprofit Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2021 – 2022). Bank On certified accounts are designed to promote financial inclusion for the underbanked and unbanked consumers through required account features that ensure low cost while provide robust transaction capabilities.

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BankDeals

DECEMBER 10, 2021

At many banks and credit unions, you can earn more on a large balance by splitting your money between a reward checking and reward savings account.

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The Paypers

DECEMBER 10, 2021

UK-based Santander Bank has announced that its customers can now set their own contactless transaction limit lower than the maximum of GBP 100 introduced by the UK government.

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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

DECEMBER 10, 2021

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The Paypers

DECEMBER 10, 2021

Malaysian fintech Boost and global payments processor Mastercard have announced their partnership to provide a series of payment solutions for increased convenience and security to Indonesian and Malaysian customers.

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American Banker

DECEMBER 10, 2021

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The Paypers

DECEMBER 10, 2021

Brazil-based payment gateway ConnexPay has announced a USD 20 million series B funding round led by modern card issuing platform Marqeta , raising the total funding to USD 35 million.

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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.

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American Banker

DECEMBER 10, 2021

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The Paypers

DECEMBER 10, 2021

G+D and Official Monetary Financial Institutions Forum (OMFIF) has published a report which reveals that central banks need to work with the private sector to ensure widespread availability of CBDC.

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American Banker

DECEMBER 10, 2021

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The Paypers

DECEMBER 10, 2021

ABN AMRO has selected receeve ’s cloud-native, all-in-one platform to future-proof experiences for its most vulnerable customers and support strategy execution across international markets.

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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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American Banker

DECEMBER 10, 2021

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The Paypers

DECEMBER 10, 2021

ACI Worldwide and US-based Dover Fueling Solutions (DFS) are collaborating on a point-to-point encryption (P2PE) data security offering for consumer protection at fueling dispensers.

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American Banker

DECEMBER 10, 2021

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The Paypers

DECEMBER 10, 2021

Yokoy has partnered with Visa to deliver a business debit card that digitises and automates 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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