South State Correspondent

AUGUST 24, 2022

Treasury Yields Drift Higher Ahead of Jackson Hole. Treasury yields are drifting higher this morning, but the moves are in range which is not surprising with Fed Chair Powell’s Jackson Hole appearance approaching this Friday. The 10yr Treasury yield is back above 3.00% and is currently at 3.09% while the 2yr-10yr spread is -27bps. This drift is likely to persist until we get past the Jackson Hole event on Friday morning.

St. Louis 195

St. Louis Minneapolis Meeting Marketing 195

Payments Dive

AUGUST 24, 2022

Bill.com’s fiscal fourth-quarter and annual revenue more than doubled as the company scooped up more mid-size and small business customers.

Company 221

Company 221

CFPB Monitor

AUGUST 24, 2022

The FTC has declined requests to extend the comment period for its proposed rule that would impose a number of new substantive and disclosure requirements on motor vehicle dealers in connection with the car buying or leasing process. . The FTC’s notice of proposed rulemaking (NPRM) was published in the Federal Register on July 13, 2022 with a 60-day comment period that ends on September 12, 2022.

Customer Experience 147

Customer Experience National 147

Payments Dive

AUGUST 24, 2022

The Consumer Financial Protection Bureau is considering requiring top credit card issuers to share more information on their products to increase transparency for consumers.

Cards 195

Cards 195

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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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CFPB Monitor

AUGUST 24, 2022

In response to the CFPB’s Request for Information Regarding Relationship Banking and Customer Service (RFI), three leading banking trade groups have submitted a comment letter in which they challenge the CFPB’s legal authority for the RFI. The three groups are the Consumer Bankers Association, the Bank Policy Institute, and the American Bankers Association.

Groups 78

Groups Regulation Tools Policies 78

TheGuardian

AUGUST 24, 2022

In a speech today, the assistant minister for competition, Andrew Leigh, will point the finger at big business over the inflation crisis Most Australians became acutely aware of market power in 2011 due to, of all things, the price of milk. Prior to 2011, milk prices rose largely in line with inflation. From 1998 to the end of 2010, inflation rose 43% and the price of milk rose 44%.

Marketing 75

Marketing 75

The Paypers

AUGUST 24, 2022

US-based provider of fintech and regtech solutions Computer Services has agreed to be acquired by investment firms Centerbridge Partners and Bridgeport Partners.

Fintech 68

Fintech US 68

BankInovation

AUGUST 24, 2022

The Royal Bank of Canada (RBC) spent $2.6 million on technology-related costs in the third quarter, an 8% year-over-year bump boosted by both increased staffing and digital initiative costs. The $1.3 trillion bank continues to “invest in our people and technology to create more value for our clients,” RBC President and Chief Executive Dave McKay […].

Technology 52

Technology Digital Strategies Strategy 52

The Paypers

AUGUST 24, 2022

Olivetree Financial , a UK-based multi-asset broker, has chosen NICE Actimize ’s SURVEIL-X Markets Surveillance to keep pace with regulatory change.

Marketing 69

Marketing 69

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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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BankInovation

AUGUST 24, 2022

The $982 million Wauchula State Bank, located in Wauchula, Fla., is one of eight financial institutions — including four in Florida — that chose Jack Henry’s Banno Mobile Banking platform in July, according to an FI Navigator report provided to Bank Automation News. The other institutions include: $658 million Charlotte State Bank and Trust, based […].

Charlotte 52

Charlotte Mobile Florida Report 52

The Paypers

AUGUST 24, 2022

UK-based fraud prevention company Ondato has teamed up with Hawk AI to offer integrated AML and KYC processes.

Fraud 72

Fraud Company 72

BankInovation

AUGUST 24, 2022

Core provider Finastra and fintech FormFree this week announced a joint effort to streamline borrower verification for mortgage lenders through the use of application programming interfaces (API). Finastra is looking to cut the time it takes to perform loan originzation activities from hours down to minutes, Mary Kay Theriault, director of product management at Finastra, […].

Fintech 52

Fintech Management 52

Image Works Direct

AUGUST 24, 2022

Everyone knows that summer is the season of fun in the sun – the ideal time to get outside and make some memories – and there was no shortage of that at image.works this season. The last few months have been filled with company grill outs, team building events and some internal updates to staff job titles.

Company 41

Company 41

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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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The Paypers

AUGUST 24, 2022

UK-based OneBanx has partnered PassFort in order to leverage the latter's Know Your Business (KYB) workflow solution.

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51

American Banker

AUGUST 24, 2022

Payments 74

Payments 74

The Paypers

AUGUST 24, 2022

US-based identity marketing tool SheerID has teamed with open SaaS ecommerce platform BigCommerce to enable discount offers to specific consumer communities.

Community 41

Community Tools US Marketing 41

American Banker

AUGUST 24, 2022

Cards 74

Cards Payments 74

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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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The Paypers

AUGUST 24, 2022

US-based PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network in order to update its reporting requirements regarding the digital assets travel rule.

Compliance 36

Compliance US Technology Report 36

Commercial Lending USA

AUGUST 24, 2022

fix and flip loans.

Lending 53

Lending 53

The Paypers

AUGUST 24, 2022

Brazil-based Sensedia has expanded to the Mexican market with the aim of becoming a key ally of medium and large companies in the country on their way to digital evolution, according to Contacto.

Marketing 36

Marketing Company 36

American Banker

AUGUST 24, 2022

National 69

National Capital Marketing Management 69

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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

AUGUST 24, 2022

Startup Servify that handles lifecycle of devices for popular smartphone vendors has raised USD 65 million in a Series D funding round, after deciding to explore public listing back in 2020.

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36

American Banker

AUGUST 24, 2022

Industry 69

Industry 69

The Paypers

AUGUST 24, 2022

Iran’s association of importers has stressed the need for a regulatory framework for crypto now that the Iranian government has recently used crypto to pay for imports.

Regulation 36

Regulation 36

American Banker

AUGUST 24, 2022

Taxes 69

Taxes Policies 69

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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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