Accenture

APRIL 12, 2021

One of the most striking results from our recent Accenture Global Banking Consumer Study 2020 is the prevalence of banking Skeptics around the globe. Skeptics are one of the four persona groups identified in the study, which is built on input from 47,000 consumers from all over the world. Skeptics are the largest persona group,…. The post How banks can address rising skepticism in 2021 appeared first on Accenture Banking Blog.

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Study Groups Survey Digital Banking 259

SWBC's LenderHub

APRIL 12, 2021

Last Week: Stocks continued to cruise to record highs again last week as more and more expectations were built that we may see the sharpest growth in the U.S.—as well as the global economy—in nearly 40 years.

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Banking Exchange

APRIL 12, 2021

OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud BSA/AML Security Feature3 Feature Duties Technology.

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FDIC Regulation Compliance Fraud 135

Bobsguide

APRIL 12, 2021

Banks must accelerate their digital transformation to meet fintechs’ needs, particularly as they are considered critical to the success and regulatory compliance of their fintech partners, according to research led by Clearbank. Whilst over half of fintechs expect their banks enabled.

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Fintech Compliance Meeting 114

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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

Lending

Banking Exchange

APRIL 12, 2021

Plus: BMO sells asset management arm; Western Alliance completes AmeriHome acquisition Management Feature M&A Feature3 Community Banking.

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Community Bank Community Management 148

Banking Exchange

APRIL 12, 2021

Association responds to recent NPR report on the closure of bank branches Community Banking Feature3 Feature Financial Trends Retail Banking Performance Customers Branch Technology/ATMs.

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CFPB Monitor

APRIL 12, 2021

Rescission of Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic. The CFPB issued a Rescission of Statement of Policy for the previously-issued Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic (March 26, 2020). That statement is rescinded as of April 1, 2020, and in the rescission document, the CFPB announces its intent to exercise its supervisory and enforcement authority consistent with the Dodd-Frank Act and with the full authority aff

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Policies Exercises Operations Regulation 78

BankInovation

APRIL 12, 2021

Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country’s fast-growing Internet giants. Ant will now effectively be supervised more like a bank, a move with far-reaching implications for its growth and ability to press ahead with a landmark initial public offering […].

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Groups Compliance Regulation 89

CFPB Monitor

APRIL 12, 2021

On April 1, 2021, the CFPB issued Compliance Bulletin 2021-02 (the “Bulletin”), warning mortgage servicers to “take all necessary steps now to prevent a wave of avoidable foreclosures this fall.” The Bulletin and associated press release cite industry data suggesting that around 1.7 million borrowers will exit COVID-related forbearances in September 2021 and the following months, many of whom will be a year or more behind on mortgage payments.

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Compliance Regulation Resources Policies 78

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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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TheGuardian

APRIL 12, 2021

After months of working from home, bank’s employees and others go back to desks as Covid controls ease Coronavirus – latest updates See all our coronavirus coverage A steady stream of black cabs pulled up outside Goldman Sachs’ European headquarters in central London early on Monday morning, transporting bankers to their desk. For many of them, it is the first time in more than a year they have been back to the office after the relaxation of the government’s coronavirus lockdown regulations.

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Strategy Regulation US 85

CFPB Monitor

APRIL 12, 2021

On April 5, 2021, the CFPB issued a Notice of Proposed Rulemaking to amend Regulation X in various ways related to the COVID-19 national emergency (the “Proposed Rule”). With the goal of enhancing protections for impacted borrowers, the Proposed Rule amends aspects of the early intervention requirements (12 C.F.R. § 1024.39), and loss mitigation procedures and foreclosure protections (12 C.F.R. § 1024.41).

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Regulation Payments Meeting National 78

Payments Source

APRIL 12, 2021

Regulation 170

Regulation 170

CFPB Monitor

APRIL 12, 2021

On April 5, 2021, the CFPB issued a blog post suggesting various communication strategies for mortgage servicers, to handle increased volume associated with the COVID-19 national emergency. Noting the CFPB’s recent Compliance Bulletin 2021-02 and Mortgage Servicing Notice of Proposed Rulemaking , the post encourages mortgage servicers to use all available tools to reach affected borrowers.

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Strategy Tools Video Resources 78

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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

Payments Source

APRIL 12, 2021

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CFPB Monitor

APRIL 12, 2021

The CFPB was busy last week, issuing a series of measures that impact the mortgage servicing industry. On March 31 st the CFPB rescinded seven policy statements , including statements that provided flexibility from supervisory or enforcement actions for loss mitigation and credit reporting activity in connection with the COVID-19 national emergency.

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Compliance Policies Industry Strategy 78

The Paypers

APRIL 12, 2021

US-based financial services firm J.P. Morgan has announced it will be using blockchain technology to improve its funds transfers solutions for banking institutions globally.

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blockchain US Technology 74

BankInovation

APRIL 12, 2021

Coast Capital, one of Canada’s largest credit unions, has partnered with digital lending solution nCino to automate its lending processes on a national scale with a cloud-based solution, and is now kicking off the second part of its three-phase automation plan to support its expansion. The $19.4 billion credit union has 593,000 members, making it […].

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National Capital Lending 64

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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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Payments Source

APRIL 12, 2021

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Texas Fintech Payments 128

MyBankTracker

APRIL 12, 2021

Homeowners insurance protects against losses and damages to your property. Damage can occur after perils like storms, vandalism, and explosions. Additionally, your policy protects against fire and theft. But although a policy protects your home—the actual structure and your personal belongings— home insurance also covers your neighbor’s property under certain circumstances.

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Policies Examples Company How To 52

Payments Source

APRIL 12, 2021

Payments 119

Payments 119

MyBankTracker

APRIL 12, 2021

Sometimes seniors feel the need to purchase life insurance. Whether you want to cover your funeral costs or provide some extra cash when you pass away, life insurance may be able to meet those needs. Unfortunately, buying life insurance isn’t as easy for seniors as it is for young people. As you age, life insurance companies charge more for coverage.

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Policies Taxes Company Meeting 52

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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.

Compliance

Payments Source

APRIL 12, 2021

cryptocurrency 116

cryptocurrency Payments 116

ATM Marketplace

APRIL 12, 2021

When a business's network encounters issues with downtime, it risks losing hundres of dollars each second it is down. To mitigate this risk, invest in a better Wide-Area-Network (WAN) that includes agility and performance.

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Management 48

Payments Source

APRIL 12, 2021

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Online Fraud Payments 104

ATM Marketplace

APRIL 12, 2021

The new Access Series closed-loop enclosure air conditioners from Kooltronic feature an ultra-thin 5-inch depth - specially engineered for self-service kiosks and ATMs to improve operating efficiency, and increase longevity.

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ATM Operations 48

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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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