Payments Dive

OCTOBER 31, 2022

Sen. Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.

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Fraud Regulation 329

Independent Banker

OCTOBER 31, 2022

Photo by Chris Williams. “FedNow can be another positive differentiator for our nation’s community banks, but we must be ready for this real-time service and its 24/7/365 requirements.”. We’ve been working toward a faster payments future for a decade now, and we’re finally seeing the fruits of our labor: the launch of FedNow. Our efforts to encourage the Fed to offer an instant payments solution have led to this result; it was our voices that expedited FedNow’s time to market, with the Fed updat

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Community Bank Payments Community Resources 204

Payments Dive

OCTOBER 31, 2022

The company better known for paper checks is preparing for increased consumer use of digital assets, with plans to add options for accepting crypto next year.

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Independent Banker

OCTOBER 31, 2022

After 40 years in its Cape Giradeau branch, Wood & Huston Bank moved to a new building and allowed firefighters to train in its former building. Before Wood & Huston Bank’s former headquarters was demolished, the community bank lent the space to a local fire department for critical, hands-on training. By William Atkinson. If you are in the process of pulling up roots from an existing building and moving to a new facility, and if you plan to demolish the older building, there may be a way

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Training Community Illinois US 162

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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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Payments Dive

OCTOBER 31, 2022

The company is bringing the peer-to-peer payments tool to community and regional bank clients, after big banks made P2P popular through Zelle.

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Tools Payments Regional Community 284

Payments Dive

OCTOBER 31, 2022

Cybercrime countermeasures are essential to protecting private banking data. Here’s how fintech innovators can protect customer data.

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Industry Fraud Payments Innovation 243

Independent Banker

OCTOBER 31, 2022

Photo by Chris Williams. “The habits of our customers change, and we’re constantly walking beside them, transforming our services to meet their needs.”. Digital transformation. Those words have been bandied about with increasing fervor, fueled by a heightened sense of urgency. Yet, while the digital movement has increased pace, it’s more of an evolution than a revolution.

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Meeting Community Tools Community Bank 141

TheGuardian

OCTOBER 31, 2022

Oleg Tinkov, who has previously spoken out against the conflict, says he won’t be associated with a ‘fascist country’ The billionaire banker and entrepreneur Oleg Tinkov has renounced his Russian citizenship because of the conflict in Ukraine, which he has previously criticised. “I have taken the decision to exit my Russian citizenship. I can’t and won’t be associated with a fascist country that started a war with their peaceful neighbour and killing innocent people daily,” Tinkov said.

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Independent Banker

OCTOBER 31, 2022

Illustration by Alex/Adobe. A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. By Charles Potts, ICBA. The fintech landscape is shifting. Investments in new companies have slowed, valuations that some early-stage companies commanded last year are ratcheting back, and financial technology providers are tightening their proverbial belts.

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Fintech Kansas City Community Bank Community 126

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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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ABA Community Banking

OCTOBER 31, 2022

Asset-liability managers haven’t seen a rate environment like this in a generation. Experts provide tips on how to pivot. The post Asset liability management best practices in a rising-rate environment appeared first on ABA Banking Journal.

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Management How To Community Bank Community 98

Independent Banker

OCTOBER 31, 2022

Upside-down yield curve offers some possibilities. By Jim Reber, ICBA Securities. Quick Stat. 28. The number of times the two- to 10-year segment spread has inverted since 1900. Source: Reuters. Some rumors are true: There is an historical relationship between the phenomenon known as an inverted yield curve and a subsequent recession. This isn’t any idle talk among Fed watchers and other pundits this time around, nor is it peripheral to the management of financial institutions, including communi

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Community Bank Community Taxes Management 113

CFPB Monitor

OCTOBER 31, 2022

The CFPB has taken a significant step towards issuing regulations to implement Section 1033 of the Dodd-Frank Act by releasing an outline of the proposals it is considering in preparation for convening a small business review panel (Panel). Section 1033 authorizes the CFPB to issue rules requiring “a covered person [to] make available to a consumer, upon request, information in the control or possession of such person concerning the consumer financial product or service that the consumer obtai

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Data Compliance Regulation Policies 78

Independent Banker

OCTOBER 31, 2022

Photo by Dragana Gordic/Adobe. Improving the small business loan experience is a great way to build new relationships and deepen existing ones. We spoke with industry specialists about the priorities for community banks as they build a digital loan process for small businesses. By William Atkinson. Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending.

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Lending Community Bank Community Illinois 91

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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.

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CFPB Monitor

OCTOBER 31, 2022

The American Bankers Association has sent a letter to CFPB Director Chopra in which it urges the CFPB not to shift liability to banks for peer to peer (P2P) payments using an online-money transfer platform in which the consumer who authorized the payment subsequently claims it was made to a scammer. The ABA sent its letter as a follow up to a meeting it attended with CFPB staff to discuss financial scams involving P2P payments.

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Groups Payments Fraud Regulation 78

Independent Banker

OCTOBER 31, 2022

The two-day summit included presentations on the metaverse, instant payments and more. At this year’s ICBA LEAD FWD Summit, up-and-coming community bankers gathered from around the country to strengthen their leadership, technical banking and advocacy skills. The leadership conference hosted 26 speakers that helped attendees prepare for the future of banking.

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Fort Worth social media Leadership Conference 91

Jack Henry

OCTOBER 31, 2022

Confession: I’m not that much older than millennials. I like to think of myself as a “young” Gen Xer. After all, we agree on a lot of the same things. We love our technology, but we’re a bit skeptical when it comes to things like online privacy, machine learning, AI, and the latest “it” social app. We spend loads of time researching, breaking things down into bite-sized pieces to better process it all.

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Millennials Online Technology Lending 78

TheGuardian

OCTOBER 31, 2022

Judge dismisses case against British former trader Tom Hayes, who was jailed over interest rate scandal A New York court has dismissed a criminal indictment against Tom Hayes, the British former trader at UBS and Citigroup who served five and a half years in a UK prison for rigging the Libor lending benchmark. Prosecutors in the US filed a motion to dismiss the case against Hayes and another former UBS trader, Roger Darin.

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US New York Lending 66

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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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Commercial Lending USA

OCTOBER 31, 2022

Commercial construction loans are ideal for financing the construction of commercial buildings. It requires a much higher level of expertise.

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Lending 71

CB Insights

OCTOBER 31, 2022

The investment landscape has changed dramatically in the last decade with the rise of retail investment platforms allowing individuals to control their own portfolios. These apps offer consumers a cheaper, faster, and more hands-on experience — and completely bypass institutional investors. download the State of Fintech Q3 ’22 Report. Get the free report for analysis on dealmaking, funding, and exits by private market fintech companies.

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Company Analytics Analysis Fintech 68

The Paypers

OCTOBER 31, 2022

Fintech Nets has published its Nordic Payment Report 2022 , revealing that mobile payments are the preferred payment method at physical points of sale.

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Mobile Payments Fintech Report 69

BankInovation

OCTOBER 31, 2022

Truist Financial Corp. is launching a new division focused on innovation, the bank announced at Money 20/20 last week. Truist Foundry, the new unit, will function as a startup and will bring together teams from business, design, operations, product risk and technology “to deliver projects and serve the bank’s lines of business,” a Truist spokesperson […].

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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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The Paypers

OCTOBER 31, 2022

Universal API for small business data Codat has partnered with Open Banking platform Basiq to enable better underwriting for Australian businesses.

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Data 48

BankInovation

OCTOBER 31, 2022

BMO Harris Bank Head of Technology Syed Hasan is focusing on delivering an omnichannel experience for the bank’s business customers with an eye toward digital technologies in 2023. The $167 billion Chicago-based bank began leveraging robot process automation (RPA) this year to drive efficiencies within the business to stay ahead of competitors, according to […].

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Technology Chicago Retail 52

CB Insights

OCTOBER 31, 2022

Global funding to blockchain and crypto startups fell by 35% quarter-over-quarter in Q3’22, as venture capital investors remained cautious amid the continued crypto winter, rising inflation, and the Fed’s interest rate hikes. . Below, take a look at a few highlights from our 141-page, data-driven State of Blockchain Q3’22 Report. For deeper insights and all the private market data, download the full report. download The State of Blockchain q3’22 report.

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blockchain Report Regional Trends 41

The Paypers

OCTOBER 31, 2022

UK-based payments platform Clearpay has started collaborating with Square and the British Fashion Council (BFC) to help emerging designers create their online presence.

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Online Payments 41

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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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