Thu.Sep 22, 2022

Extra costs biggest reason shoppers ditch online carts

Payments Dive

With cart abandonment costing online retailers up to $136 billion annually, Coresight Research’s findings suggest they might want to focus on total purchase price more closely matching shopper expectations

Online 354

Fed Hikes Rates With Promises of More to Come

South State Correspondent

Fed Now Projects Fed Funds Rate to Peak at 4.50% – 4.75%.


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Trending Sources

Klarna seeks to shed more workers

Payments Dive

In acknowledging the pursuit of further downsizing, a Klarna spokesperson cited changes being made by company executive Camilla Giesecke assuming COO duties

Intangibles Insurance: Immense Potential, Emerging Options

Daily Fintech

In this 4th Industrial Revolution, platforms have supplanted traditional companies as wealth creators while intangible assets have replaced heavy machinery. Comprising 90% of S&P 500’s $28.94

What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. Don’t put your loans at risk. Check out the Infographic.

QR code resurges for payments

Payments Dive

“Businesses that have consigned QR technology to the tech graveyard would be wise to give it another look,” writes Mike Storiale, Synchrony’s VP of innovation development

More Trending

Republicans grill bank CEOs on merchant gun code

Payments Dive

GOP lawmakers, during a wide-ranging hearing Wednesday, demanded the CEOs of the nation’s top banks share how they plan to respond to a new category code for gun and ammunition retailers

Retail 227

Trade groups react to FTC’s proposed Motor Vehicle Dealers Trade Regulation Rule as public comment period closes

CFPB Monitor

Expressing a range of concerns, several key industry groups submitted comments to the Federal Trade Commission (“FTC”) last week regarding its proposed rule that would impose new substantive and disclosure obligations on auto-dealers in the auto finance process.

Groups 124

PayPal defends BNPL position

Payments Dive

The payments firm is just as popular with younger shoppers as its buy now-pay later rivals, a PayPal executive said last week

CFPB expresses concern about the potential credit impact of high vehicle costs for consumers

CFPB Monitor

In a blog post on Monday , the CFPB advised that it is concerned about the impact of rising car prices on consumer’s financial health, particularly consumers with sub-prime or near prime credit scores.

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Visa eyes B2B, remittances for growth

Payments Dive

Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances

Lending Daily Fintech Week Ending 22nd. September 2022

Daily Fintech

The Daily Fintech Week Ended 23rd. September 2022 The Pound is supposed to have sunk? What surprises me here is the way this event is reported by the British press. The pound is weak against the dollar and a number of other currencies but it is the strength of the dollar that is the real […].

Businesses Beware: CFPB reviewing “all sorts” of consumer contract clauses

CFPB Monitor

On September 13, 2022, Public Justice and other consumer advocacy groups sent a letter to CFPB Director Rohit Chopra urging the CFPB to limit the use of “forced” arbitration provisions by banks and other consumer finance companies.

Groups 121

Corporate One Federal Credit Union Provides More Than 750 of America’s Credit Unions New Digital Solutions at Scale


Corporate One Federal Credit Union is a leading wholesale financial services provider for more than 750 of America’s credit unions.

The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

How to Optimize Your Collections Efforts to Handle Rising Delinquencies

SWBC's LenderHub

As the U.S. continues to see consumer balance sheets deteriorate due to inflation and real wages decreasing, financial institutions must step up their collections efforts to stay on top of delinquencies in 2023. Collections

XBRL News from Iran and Europe

Daily Fintech

Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week.

Finastra named a top global provider in IDC FinTech Rankings


Finastra named a top global provider in IDC FinTech Rankings. IDC’s prestigious annual ranking highlights the leading companies in financial technology. London, UK – September 21, 2022 – Finastra is proud to be ranked one of the top providers in the 2022 IDC FinTech Rankings. Vendors on the elite list are recognized based on 2021 calendar year revenues attributed to financial services and fintech industries, and have demonstrated their commitment to their customers and the industry.

Harborstone Credit Union in Washington state names new CEO

American Banker

Credit unions Industry News

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

Hamburg Commercial Bank Transfers its SEPA Processing to Broadridge’s BPO Payments Service


Hamburg Commercial Bank (HCOB) has successfully completed the transformation of its SEPA (Single Euro Payments Area) payments business to a cloud-based, next-generation platform run by leading global Fintech provider Broadridge Financial Solutions, Inc. NYSE:BR). The transition was made to Broadridge’s Payments as a Service and BPO operation that uses PPI AG’s advanced payments technology.

Bank robberies in VR: How BofA is training staff for stressful encounters

American Banker

Bank of America Professional development Technology

Truss tax cuts will hand big banks and insurers £6.3bn, study says


Figures compiled by House of Commons Library measure impact of freezing corporation tax and cutting banking surcharge Liz Truss’s government has been criticised for lining up tax cuts that will help big banks and insurers save more than £6bn over the next two years.

Taxes 81

QuickBooks updates payroll tech to aid small-business recovery

American Banker


How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Helping Lenders Say “Yes” to More Potential Borrowers

Banking Exchange

Fair and affordable access to credit can unlock new opportunities and offers the potential for consumers to build generational wealth Retail Banking Feature Feature3 Customers Credit Risk Impact Exchange Inclusion Human Rights Diversity, equity and inclusion Fair Lending Duties Consumer Compliance.

Southern Missouri Bancorp buying bank to expand in Kansas City

American Banker

Community banking M&A

More on CFPB next steps in wake of buy-now-pay-later report; Ballard Spahr to hold webinar on report on October 3, 2022 

CFPB Monitor

Last week, the CFPB issued its long-awaited report on buy-now-pay-later (BNPL) products. While the report identifies consumer risk and harms arising from BNPL products, it does not discuss any actions that the CFPB plans to take based on the report.

Stash debuts its own core system

American Banker

Fintech Core systems Technology

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.