Mon.May 09, 2022

article thumbnail

Focus on Customer Obsession by Understanding Consumer Needs, Wants, and Expectations

Perficient

How close are you really to your customers? In this fast-changing consumer environment, staying close to the customer is critical. The relationship and understanding of your customer should be used to drive strategies across the entire organization. . We all get high-level behavioral segmentation studies and marketing personas, but they don’t get us closer to the actual customer.

Strategy 294
article thumbnail

Digital food orders persist beyond pandemic

Payments Dive

"Some in the foodservice industry feared that online ordering would ‘kill restaurants,’ but it’s becoming increasingly clear that these orders have done just the opposite, acting as a lifeline,” a recent Paytronix report says. Digital payments are rising alongside off-site eating.

Online 300
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Got legacy tech debt? 5 reasons to modernize now

Accenture

I cannot overstate the benefits of a modern core system—including flexibility, growth, new revenue pools and cost reduction—or the downsides of not having one. Without a modern technology stack, auto and equipment finance companies: Waste time on repetitive manual tasks that are prone to error. Lack the ability to easily add new products and services….

System 254
article thumbnail

Help Staff Your BSA/AML Program with Third-Party Vendors

Abrigo

Best Practices for Third-Party BSA/AML Assistance Collaborating with a third-party BSA/AML vendor can save time and money when it comes to sanctions compliance. Would you like other articles like this in your inbox? Takeaway 1 Staffing issues are increasingly named in regulatory consent orders, and inadequate resources can lead to criticism during exams.

article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

The Beatings Will Continue

South State Correspondent

The Beatings Will Continue. It’s a new week but the market seems to be in the same frame of mind when we left off last week and that is selling early and often. The 10yr yield reached a high of 3.20% in early trading today as April CPI looms on Wednesday as does another series of Treasury auctions during the week that will need to be put away. The previous cycle peak of 3.26% (hit on October 9, 2018) stands as the next obvious target of sellers.

Marketing 195

More Trending

article thumbnail

FTC seeks comment on whether to continue Telemarketing Sales Rule business-to-business exception and proposes amendments

CFPB Monitor

The Federal Trade Commission issued two notices this week concerning the Telemarketing Sales Rule (TSR)—an advance notice of proposed rulemaking (ANPR) and a notice of proposed rulemaking (NPR). Both notices address the TSR’s exemption of business-to-business (B2B) telemarketing calls. The FTC issued the new notices following its review of comments received in response to the regulatory review of the TSR it initiated in 2014.

article thumbnail

Market Commentary: Week of May 9, 2022

SWBC's LenderHub

Last Week. In the 1990 NFC Championship Game, the New York Giants faced off against the San Francisco 49ers. Back in an era for the NFL where defensive players could do just about anything they wanted, a 275-pound freight train by the name of Leonard Marshall drove his helmet straight into the back of 49er quarterback Joe Montana. Montana could barely walk as he was helped off the field.

Montana 146
article thumbnail

BNPL: A growing target for cybercriminals

BankInovation

Crooks follow the money, and right now there’s a lot of money in buy now pay later (BNPL), which currently accounts for about $97 billion of global e-commerce transactions. That number is expected to double by 2024, according to Worldpay, the payment processing firm owned by core provider FIS. Although 71% of 2,000 businesses surveyed […].

Survey 98
article thumbnail

ALI members to consider Restatement of the Law, Consumer Contracts at May 17 annual meeting

CFPB Monitor

Our Consumer Finance Monitor podcast continues to cover the most important industry issues. In anticipation of the American Law Institute (“ALI”) considering the Restatement of the Law, Consumer Contracts (the “Restatement”) at its Annual Meeting in Washington, DC on Tuesday, May 17, we plan to release an episode about the Restatement with guest Steven Weise, a member of ALI’s Council on Monday, May 16.

Meeting 78
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

Listen: BetaBank will leverage AI to level playing field for SMB lending

BankInovation

A startup digital bank is working with Google and Deloitte to automate its lending for small and midsize businesses (SMBs) and use artificial intelligence (AI) to eliminate bias. In this episode of "The Buzz" podcast, Bank Automation News hears from Seke Ballard, founder and CEO of Beta Financial Services, a Chicago-based holding company that has […].

Lending 98
article thumbnail

Fourth Circuit hears argument on whether Section 230 immunity defeats FCRA class action

CFPB Monitor

The Fourth Circuit heard argument earlier this week on whether Section 230 of the Communications Decency Act shields on-line data aggregator, PublicData.com, from FCRA liability in a putative class action dismissed last year by a federal judge in Virginia. We previously blogged about the amicus brief filed in the appeal by the CFPB, FTC, and North Carolina Department of Justice.

article thumbnail

Envestnet announces cloud-based advisory tool and automation updates

BankInovation

Digital wealth management company Envestnet announced new technology platforms and an internal automation drive during its first-quarter earnings presentation last week. The Berwyn, Pa.-based company, which has $5.5 trillion in assets and touts its relationships with more than a dozen of the biggest U.S. banks, will release a solution for wealth advisors next week that […].

Tools 97
article thumbnail

Neo Financial raises $145 in Series C funding. Neo Financial, a Canadian digital bank, competitors include Koho Financial, Wealthsimple, Stack, Mogo, Tangerine Bank, and EQ Bank.

CB Insights

Neo Financial , a Canadian digital bank, has raised $145M in a Series C. The round drew participation from Valar Ventures, Maple VC, Blank Ventures, and Gaingels, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop ce

article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Startup Cashew receives USD 10 mln investment from Mashreq

The Paypers

UAE-based lender Mashreq has invested USD 10 million in fintech startup Cashew , integrating the latter’s BNPL platform in its payments subsidiary.

Fintech 53
article thumbnail

Identity and access management platform Teleport hits $1.1B valuation. Teleport competitors are ForgeRock and CyberArk.

CB Insights

Teleport, an identity-based infrastructure access management platform, has raised $110M in a Series C. The round drew participation from Bessemer Venture Partners, Insight Partners, Kleiner Perkins Caufield & Byers, and s28 Capital. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022.

article thumbnail

Airwallex launches virtual business cards and card expenses in Singapore

The Paypers

Global fintech Airwallex has launched its Airwallex Borderless Card and integrated expense management solution in Singapore.

Cards 53
article thumbnail

Digital commercial real estate platform Lev raises $170M in debt and equity from investors including Citi, Capital One, and NFX. Lev competitors are CommLoan, CrowdStreet, Fundrise, Realty Mogul, and StackSource.

CB Insights

Lev, a digital commercial real estate platform, has raised $170M in a mix of equity and debt. The $70M Series B round was funded by Citi Ventures, Capital One Growth Ventures, and NFX, among others. It received $100M in debt financing from Cross River Digital Ventures. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-fo

Capital 57
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

Fingerprint and Mswipe to bring contactless biometric cards to India

The Paypers

Biometrics company Fingerprints has partnered with digital enabler Mswipe to bring biometric debit and credit cards to India.

Cards 41
article thumbnail

The revolution will not be centralized

American Banker

article thumbnail

rali_cap rolls out USD 30 mln fintech fund for emerging markets

The Paypers

rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a USD 30 million fund, according to TechCrunch.

Fintech 36
article thumbnail

U.S. Bancorp, community groups reach accord over MUFG Union Bank merger

American Banker

article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

Paysafe forms global payments partnership with Playtech

The Paypers

UK-based gambling technology company Playtech has partnered with Paysafe to offer the latter’s payment solution to iGaming operator customers.

article thumbnail

Women credit-union CEOs debut mentorship program

American Banker

69
article thumbnail

Spare granted Open Banking ancillary service provider license in Bahrain

The Paypers

Kuwait-based fintech Spare has received a licence from the Central Bank of Bahrain to operate as an Open Banking ancillary service provider in Bahrain.

Fintech 34
article thumbnail

Fed: Russian-Ukraine war poses biggest threat to financial stability

American Banker

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.