Mon.May 09, 2022

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.

Our 7 Questions to Prevent Bad Bank Technology

South State Correspondent

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

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Four ways Canadian banks can prep for Open Banking

Accenture

The Open Banking wave is picking up speed in Canada. The Advisory Committee on Open Banking, in its final report, said an Open Banking system is achievable for the country by January 2023, and the government is moving to make that a reality with its recent announcement of an Open Banking lead.

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How The Fed Will Impact Your Deposit Beta

South State Correspondent

Your bank’s deposit beta is going to rapidly change. In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle.

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.

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?

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Is Your Retirement Plan Sponsor ERISA Compliant?

SWBC's LenderHub

In the recent Supreme Court case of Hughes vs. Northwestern University, current and former plan participants in two of the university’s retirement plans claimed that the academic institution was in breach of its fiduciary duty. Regulations & Compliance Retirement & Succession Plans

Part 2. A round up of recent news about FinTech innovation from the Rest.

Daily Fintech

On one day in April I ran a simple experiment. I typed Fintech into a search engine and hit News and looked at the top 10 news items through a West or Rest lens. Among the top 3 results, 2 have a Rest slant with one being an Indian company and the other being a […]. The post Part 2.

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.

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.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

AI’s invisible hand on daily life

Dataconomy

There are so many great applications of Artificial Intelligence in daily life, by using machine learning and other techniques in the background. AI is everywhere in our lives, from reading our emails to receiving driving directions to obtaining music or movie suggestions.

Regulators to Modernize CRA Rulebook

Banking Exchange

The proposal is aimed at bolstering credit for low-income communities Compliance Compliance Management Compliance/Regulatory Feature3 Feature Fintech Mobile Online Diversity Inclusion Human Rights Community Banking. 1Compliance

Nanomagnets will pave the way for low-energy AI

Dataconomy

Today’s artificial intelligence technologies use quite a lot of energy. For this reason, the production of low-energy AI systems is very important for a sustainable world.

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.

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.

Banks zig in sports marketing as fintechs and crypto firms zag

American Banker

Fintech Marketing Consumer banking Cryptocurrencies

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.

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

Perficient Digital Transformation

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. .

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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 based company, which has $5.5

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A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

Understand how to mitigate risk & protect the interest of all parties with this exclusive, must-have guide outlining important issues for commercial construction lending & best practices.

Bank M&A Rules ‘Need Updating’, Says OCC Boss

Banking Exchange

Michael Hsu calls for reform but rejects the idea of a moratorium on transactions Compliance Compliance Management Compliance/Regulatory Feature3 M&A Feature Management Risk Management. 1Compliance

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

American Banker

M&A Consumer banking Branch banking

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

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

American Banker

Federal Reserve Regulation and compliance

CMBS Lending on the Rise: Uncover 10 Common Myths of Securitized Lending

CMBS Lending is an established and growing industry that is, once again, rising to the top as a significant source of permanent loan financing. Learn the truth about CMBS lending and why it might be the best financing solution.

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.

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KeyCorp buys fintech that helps borrowers manage student debt

American Banker

Fintech Student loans M&A Consumer banking

En banc Fifth Circuit rules CFPB enforcement action can proceed against All American Check Cashing but concurring opinion creates potential for further constitutional challenge based on CFPB’s funding mechanism

CFPB Monitor

The en banc U.S. Court of Appeals for the Fifth Circuit has ruled that the CFPB’s enforcement action against All American Check Cashing can proceed despite the unconstitutionality of the CFPB’s single-director-removable-only-for-cause-structure at the time the enforcement action was filed.

Women credit-union CEOs debut mentorship program

American Banker

Diversity and equality Credit unions

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The 5 Stages of Account-Based Marketing — and How to Win Them All

Successfully complete the five stages of ABM: define, identify, engage, convert, and connect. We’ll show you how to create a unified system with your sales team to help them land more qualified opportunities and connect with prospects like never before.