Perficient

FEBRUARY 2, 2023

Across industries, consumers are communicating the same demands; they see the thing, they want the thing, and they want it in their hands within hours, if possible. And if it’s not possible, they wonder why not since it usually is through Amazon. Because money is what makes the world go-’round, the payments industry has responded to this heightened sense of urgency from consumers to get ahold of merchandise, services, and funds seamlessly, immediately, and with little to no human interacti

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Industry Trends social media Payments 471

Payments Dive

FEBRUARY 2, 2023

An exclusivity provision between the two companies has lapsed as the buy now, pay later arena becomes more competitive.

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Company 435

ABA Community Banking

FEBRUARY 2, 2023

The story of Maggie Lena Walker and her mission to help Black women find financial empowerment and professional career opportunities. The post Black History Month: Maggie L. Walker’s Historic Mission of Financial Empowerment appeared first on ABA Banking Journal.

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Community Bank Community 98

Payments Dive

FEBRUARY 2, 2023

Amid a strategic review of operations, the payments processor and fintech giant has dismissed 2,600 workers, Bloomberg reported.

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Report Fintech Operations Payments 243

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

CFPB Monitor

FEBRUARY 2, 2023

In a win for Ballard Spahr client Specialized Loan Servicing LLC (SLS), the U.S. Court of Appeals for the Ninth Circuit recently held that SLS, a mortgage servicer, properly reported a Covid-19 forbearance plan under the CARES Act amendments to the Fair Credit Reporting Act (FCRA). The amendments require furnishers to “report [a consumer’s] credit obligation or account as current” if the furnisher agreed to provide forbearance or other relief on a consumer’s loan.

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Report 78

CFPB Monitor

FEBRUARY 2, 2023

The briefing on the CFPB’s certiorari petition seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. v. CFPB was distributed to the Supreme Court yesterday for consideration at its February 17 conference. In that decision, the Fifth Circuit panel held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.

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Conference America Community 78

Payments Dive

FEBRUARY 2, 2023

The company promoted Céline Dufétel to president and elevated Nirupam Sinha to CFO as it pursues U.S. expansion and battles Stripe.

Leadership 195

Leadership Company 195

CFPB Monitor

FEBRUARY 2, 2023

We suspected something was afoot when December 2022 came and went without the CFPB announcing its annual inflation adjustments to the credit card late fee safe harbor amounts set forth in Regulation Z (which implements the Truth in Lending Act). With the CFPB’s issuance yesterday of a proposal to substantially reduce the safe harbor amounts, eliminate the annual inflation adjustments, and make other significant changes to the Regulation Z rules for credit card late fees, we now know the reason

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Cards Regulation Lending 78

Payments Dive

FEBRUARY 2, 2023

The deal would create the first company to combine self-checkout and AI-powered autonomous checkout for retailers, according to the announcement.

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Retail Company 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

FEBRUARY 2, 2023

After reviewing the licensing/chartering/approval structures that DFS uses for entities seeking to engage in virtual currency activities, we discuss the role of guidance in DFS’s regulation and oversight of virtual currency, particularly new DFS guidance on digital asset custody practices and DFS expectations for how entities acting as digital asset custodians can better protect customers in the event of an insolvency or similar proceeding. .

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Regulation New York Innovation 78

TheGuardian

FEBRUARY 2, 2023

Bank puts aside more money to protect itself from potential defaults in expected recession The impending recession could leave borrowers struggling to repay their debts, the high street bank Santander UK has said as it put aside more cash to protect itself from potential defaults. The UK arm of the Spanish bank said on Thursday that while the outlook for the British economy remained uncertain, a recession in 2023 was likely.

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The Paypers

FEBRUARY 2, 2023

Digital security company Imperva has released research that shows cyberattacks targeting the financial services and insurance (FSI) industry to have grown over the course of 2022.

Industry 69

Industry Course Security Company 69

BankInovation

FEBRUARY 2, 2023

Steve Hagerman, chief technology officer at Wells Fargo, will join the panel discussion “Solving data expandability issues through cloud” at the Bank Automation Summit U.S. 2023 on Thursday, March 2, at 9:15 a.m. ET. View the full agenda for Bank Automation Summit U.S. 2023 here.

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US Data Technology 52

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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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The Paypers

FEBRUARY 2, 2023

US-based Citizens Financial Group has made the Zelle service available for small business customers through its mobile banking app.

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Groups US Mobile 73

BankInovation

FEBRUARY 2, 2023

Fidelity National Information Services Inc. has so far eliminated 2,600 staffers as new Chief Executive Officer Stephanie Ferris continues her strategic review of the financial-technology giant’s business. The job cuts, which amount to roughly 2% of the company’s full-time workforce, included about 1,000 contractors, according to a person with knowledge of the matter.

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Fintech Financial Technology National Technology 52

The Paypers

FEBRUARY 2, 2023

Artificial intelligence-powered risk decisioning software provider Provenir has obtained an ISO/IEC 27001 accredited certification for data security.

Software 68

Software Security Data 68

BankInovation

FEBRUARY 2, 2023

OpenAI chatbot ChatGPT has taken the world by storm for its ability to inform and entertain everyday users, but now financial institutions are uncovering where the AI-powered technology can fit into their processes, including fraud detection and bank security.

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Security Fraud Technology 52

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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

FICO

FEBRUARY 2, 2023

Home Blog FICO How Organizations with Decisioning Platforms Win Robust decisioning platforms will enable enterprises to develop better customer experiences and faster time-to-market FICO Admin Tue, 02/18/2020 - 14:57 by Bill Waid Chief Product and Technology Officer expand_less Back To Top Thu, 02/02/2023 - 16:00 While developing a robust decisioning platform strategy can be complex, the impact has proven to offer strong payback aside from the market attribution.

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Customer Experience Management Training Analytics 52

BankInovation

FEBRUARY 2, 2023

Total fintech funding and number of deals fell last year amid rising inflation and interest rates following a digitally transformative 2021 in the wake of the COVID-19 pandemic. In 2022, fintech funding fell 46% year over year to $75.2 billion, according to CB Insights’ “2022 State of Fintech Report.” In the U.S.

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Fintech Security Report Data 52

The Paypers

FEBRUARY 2, 2023

UK-based SME financier Iwoca has announced raising EUR 50 million in new financing.

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Capital 74

ABA Community Banking

FEBRUARY 2, 2023

Sens. Ben Cardin (D-Md.) and Steve Daines (R-Mont.) yesterday introduced the New Markets Tax Credit Extension Act of 2023. The post Sens. Cardin, Daines introduce ABA-backed bill to make NMTC permanent appeared first on ABA Banking Journal.

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Taxes Marketing Community Bank Policies 52

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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.

Lending

The Paypers

FEBRUARY 2, 2023

Payment solutions provider Cellulant has announced a partnership with fintech Money Q to enable expats to pay for bills and recharge airtime for their Africa-based beneficiaries.

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Fintech Payments 41

American Banker

FEBRUARY 2, 2023

Compliance 89

Compliance Regulation 89

The Paypers

FEBRUARY 2, 2023

Ayoconnect , an Indonesia-based Open Finance API platform, has partnered with Mastercard to modernise bank account-based payments and co-create Open Finance solutions in Indonesia.

Payments 36

Payments 36

American Banker

FEBRUARY 2, 2023

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Texas National Innovation Community Bank 81

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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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