Wed.May 11, 2022

World Bank forecast for cross-border payments rises

Payments Dive

The international bank expects remittances to climb 3.7% to $802 billion this year. That's more than was previously expected and the increase is partly due to the upheaval in Ukraine, the World Bank said

April CPI Hotter Than Expected

South State Correspondent

April CPI Hotter Than Expected. April CPI disappointed markets with a hotter-than-expected read and that has sent Treasury yields higher once again. The overall rate rose 0.3% for the month which was well off the 1.2% increase in March but a touch higher than the 0.2% expected.

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VizyPay carves out a niche catering to rural America

Payments Dive

Austin Mac Nab, the CEO and cofounder of Waukee, Iowa-based payments processing firm VizyPay, said the company aims to disrupt the payments landscape by catering to small town businesses

Data Partnerships Reshape Commercial Risk Underwriting

Daily Fintech

Data partnerships have been in existence awhile. The size of the global alternative data market is slated to top $17.4 billion by 2027 at 40.1% This growth has multiple implications for insurers who lack the means to harness large data stores.

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.

Yellen urges stricter stablecoin regulation amid TerraUSD crash

Payments Dive

The coin, which relies on an algorithm rather than being backed by dollar reserves, plummeted to 23 cents Wednesday, according to CoinDesk

More Trending

ERI HAS BEEN AWARDED “BEST TRANSACTION PROCESSING SOLUTION” AT THE WEALTH BRIEFING SWISS AWARDS 2022

Bobsguide

ERI is proud to announce that its digital technology platform, the OLYMPIC Banking System, has been awarded “Best Transaction Processing Solution” at the Ninth Annual WealthBriefing Swiss Awards 2022.

Transactions: Envestnet acquires business intelligence firm Truelytics

BankInovation

Wealth management giant Envestnet has acquired business intelligence provider Truelytics, the company announced today. Truelytics offers a software as a service (SaaS) digital platform based on performance data and proprietary banking and investment formulas.

ERI PARTNERS WITH UNBLU TO OFFER CONVERSATIONAL BANKING SOLUTIONS TO BANKS AND FINANCIAL INSTITUTION

Bobsguide

ERI PARTNERS WITH UNBLU TO OFFER CONVERSATIONAL BANKING SOLUTIONS TO BANKS AND FINANCIAL INSTITUTIONS. ERI, provider of the leading technology platform, the OLYMPIC Banking System, digitising front-to-back financial services processes, and Unblu, the leading conversational platform for financial services today announced a strategic partnership to integrate Unblu’s solutions with ERI’s OLYMPIC Banking System software package.

Banks Call for Changes to SEC Cybersecurity Proposals

Banking Exchange

The regulator’s proposals do not take into account other policy goals, according to a trade body coalition Compliance Feature3 Feature Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Tech Management. 1Compliance

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.

Bank of China Ltd Luxembourg Branch selects the OLYMPIC Banking System

Bobsguide

Bank of China Ltd Luxembourg Branch selects the OLYMPIC Banking System. ERI is proud to announce that Bank of China Ltd Luxembourg Branch (BOC) has signed for the OLYMPIC Banking System to be deployed as the new platform to support BOC’s custody and clearing business going forward. “We We are delighted and honoured to have been chosen by BOC, especially given the demands of the evaluation process.

Minnesota Credit Unions to Offer Commercial Lending

Banking Exchange

A quartet of credit unions have teamed up to target commercial and infrastructure projects Community Banking Credit Unions Feature Feature3 Commercial Mortgage/CRE. 1Community Banking

Finastra Managed Services launches on Amazon Web Services

Bobsguide

London, UK – May 4, 2022 – Today Finastra announces the launch of Finastra Managed Services (FMS) on Amazon Web Services (AWS) to enable banks and financial institutions to access FMS in the AWS cloud. FMS being available in the AWS cloud has already demonstrated its benefits, helping a large multi-national U.S. bank on the West Coast roll out its lending solution.

Montana, NY Banks Strike Fintech Lending Partnerships

Banking Exchange

The two banks are seeking to reduce frictions and increase efficiencies in their lending programs Technology Feature3 Fintech Feature Digital Small Business. 1Technology

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.

Is Financial Security The Same As Financial Stability?

BankBazaar

Financial security is what we’re all striving towards. But are we going about it in the best way possible? Read on to know if you are already practising some of these great pointers or if a revamp of your financial mantras is due!

Consumers Uncertain about Inflation as Household Debt Nears $16T

Banking Exchange

Findings come as US inflation nears 40-year high, climbing to 8.3% in April Risk Management Retail Banking Financial Trends Financial Research Feature Feature3 The Economy Customers Consumer Compliance Small Business. 1Risk Management

Leveraging codeless architecture to improve successful merger integration

BankInovation

Today, M&A deals in the financial sector have rebounded from early-pandemic levels and are on track for another amplified year in 2022.

Four Minnesota credit unions join forces to capture more commercial loans

American Banker

Credit unions Commercial lending Commercial banking

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.

Two awards for ERI at the WealthBriefing European awards 2022

Bobsguide

ERI WINNER IN THE CATEGORIES: ‘CHANGE MANAGEMENT PROCESS/BEST IMPLEMENTATION OF A TECHNOLOGY SOLUTION’ and ‘TRANSACTION PROCESSING SOLUTION’. ERI has been recognised as the worthy winner in the ‘Change Management Process/Best Implementation of a Technology Solution’ and ‘Transaction Processing Solution’ categories at the WealthBriefing European Awards 2022.

Fintech Current integrates platform of 4M members with Plaid

BankInovation

Current, a fintech offering financial services such as savings, early payday deposits and a debit card, on Tuesday opened its 4-million-member platform via an API, with the first integration being Plaid’s financial ecosystem.

Google Wallet makes a comeback as a digital credential app

American Banker

Digital payments Payments

ERI CROWNED BEST OPERATIONAL EFFICIENCY SOLUTION AT THE ASIAN PRIVATE BANKER – 7TH TECHNOLOGY AWARDS

Bobsguide

ERI is proud to announce that its digital front-to-back technology platform – the OLYMPIC Banking System – has been awarded Best Operational Efficiency Solution at the Asian Private Banker-7th Technology Awards. The Asian Private Banker Technology Awards celebrate the innovations and achievements of Asia’s rapidly growing financial technology sector.

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.

Keynova gives Bank of America high marks for online banking

American Banker

Digital banking Fee disclosures

Upstart to expand automated lending to business banking

BankInovation

Loan automation platform Upstart on Monday announced the launch of its Small Dollar loan, as well as a new product for small- and medium-sized business (SMB) lending. Small Dollar loan is for personal, payroll-based loans of around $1,000 or less.

Cook confirmed as first Black woman to serve on Fed board

American Banker

Federal Reserve Politics and policy

Consumption effects of mortgage payment holidays during the Covid-19 pandemic

BankUnderground

Alexandra Varadi and and Bruno Albuquerque. Mortgage payment holidays (PH) were introduced in March 2020 to help households who might have struggled to keep up with mortgage payments due to the pandemic.

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.