Shift4 snags Focus POS for $45M
Payments Dive
MAY 4, 2023
The acquisition gives Shift4 ownership of a business with ties to 10,000 restaurant merchants.
Payments Dive
MAY 4, 2023
The acquisition gives Shift4 ownership of a business with ties to 10,000 restaurant merchants.
CFPB Monitor
MAY 4, 2023
On April 12, North Dakota Governor Doug Burgum signed into law House Bill 1068 , which creates a new statutory licensing scheme in North Dakota covering residential mortgage loan servicing activities. This follows on the heels of the enactment last month of North Dakota Senate Bill 2090 , which overhauled North Dakota’s licensing requirements related to residential mortgage lending. .
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
BankInovation
MAY 4, 2023
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.
CFPB Monitor
MAY 4, 2023
The FDIC recently announced that it has entered into a Consent Order with Cross River Bank (CRB or Bank) to resolve FDIC charges that the Bank engaged in unsafe or unsound practices related to its fair lending compliance. (The Consent Order was issued in March 2023 but not made public until the end of last month.) .
Advertisement
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
BankBazaar
MAY 4, 2023
Choosing the right Credit Card can be overwhelming with the sheer number of options currently available. But don’t worry, we’ve got you covered. In this blog post, we’ll walk you through the steps to choose the right Credit Card for you, with a little inspiration from Wednesday Addams. So, let’s get started! Credit Cards can be a useful financial tool when used in a responsible way.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
MAY 4, 2023
Banks seek to calm markets as investors fear repeat of First Republic and SVB failures The California lender PacWest has sought to calm markets and said it is in talks with several potential investors as its shares plummeted by as much as 60%, reigniting fears about a US banking crisis. PacWest shares plunged in after-hours trading after Bloomberg News reported that the bank was considering strategic options including a sale or a fundraising round.
CFPB Monitor
MAY 4, 2023
The Economic Growth, Regulatory Relief, and Consumer Protection Act (Act) directs the CFPB to prescribe Truth in Lending Act (TILA) ability-to-repay (ATR) rules for Property Assessed Clean Energy (PACE) financing. The CFPB recently issued a proposed rule that would require PACE creditors and PACE companies to consider a consumer’s ability to repay when issuing a new PACE loan, amend Regulation Z to address how it applies to PACE transactions, and adjust disclosure requirements to better fit PAC
TheGuardian
MAY 4, 2023
TSB says 80% of cases in its main fraud categories come from scams on Meta platforms including Instagram Meta has been urged to take action to protect customers from fraud, after TSB said scams via the social media company’s platforms Facebook, WhatsApp and Instagram have soared. The UK bank said there had been a huge jump in the number of scams originating from Meta-owned sites and apps, releasing research that shows they now account for 80% of cases within TSB’s three largest fraud categories:
The Paypers
MAY 4, 2023
Supply chain technology company Flexport has bought the assets of Shopify Logistics, including Deliverr , to expand into last mile and ecommerce fulfilment.
Advertisement
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
TheGuardian
MAY 4, 2023
Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead Trading halted in shares of two more US lenders as fears of banking crisis mount Shares in two more US regional banks have been suspended. Regulators moved in to halt trading in Los Angeles-based PacWest and Arizona’s Western Alliance on Thursday after they became the latest victims of an escalating crisis that began with Silicon Valley Bank in March.
BankInovation
MAY 4, 2023
Financial institutions are looking to risk mitigation and regulatory compliance technology following the industry turbulence brought on by the recent collapses of Silicon Valley Bank, Signature Bank and First Republic Bank.
ATM Marketplace
MAY 4, 2023
The Right to Repair means you're actually in the driver's seat when it comes to selecting & partnering with an independent service provider or even choosing to perform work in-house.
BankInovation
MAY 4, 2023
Roughly 20% of e-commerce platform Shopify’s team has been dropped from the company with the sale of its logistics business to supply chain manager Flexport.
Advertisement
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.
TheGuardian
MAY 4, 2023
The European Central Bank has increased its benchmark interest rate by a quarter of a percentage point in an effort to bring down persistent inflation. The ECB president, Christine Lagarde, said: 'The inflation outlook continues to be too high for too long.' She added: 'In light of the ongoing high inflation pressures, the governing council today decided to raise the three key ECB interest rates by 25 basis points.
BankInovation
MAY 4, 2023
Bridging the gap between customer experience and digital transformation is critical for financial institutions (FIs) to ensure customers stay engaged.
The Paypers
MAY 4, 2023
UK-based Paysafe has partnered with cryptocurrency exchange CryptoOrange to provide the latter’s customers with new ways to buy and sell crypto.
Advertisement
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.
The Paypers
MAY 4, 2023
Open Payment Network (OPN) has partnered with Bankers’ Bank to enable the bank to deliver instant payment services to respondents via API connectivity to TCH-RTP and FedNow.
The Banker
MAY 4, 2023
John Thanassoulis examines the pros and cons of ring-fencing banks and suggests a new method to more effectively protect people’s savings.
The Paypers
MAY 4, 2023
Loughborough Building Society has selected Finastra ’s Essence, deployed on Microsoft Azure cloud to increase its operational efficiency and future-proof its offering.
Advertisement
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.
The Paypers
MAY 4, 2023
Financial infrastructure platform for businesses Stripe has announced an expanded global partnership with Uber looking to improve payments performance and reduce costs.
The Paypers
MAY 4, 2023
Denmark-based card and spend management fintech Cardlay has partnered with fleet card issuer LUNADIS to deliver end-to-end card, expense, and VAT reclaim capability.
Advertisement
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.
Let's personalize your content