CFPB Monitor

JULY 2, 2021

Phil Yannella, Ballard Spahr litigation partner and Practice Leader of Ballard’s Privacy & Data Security Group, recently authored a treatise on data breach and privacy litigation. The book, Cyber Litigation: Data Brach, Data Privacy & Digital Rights, is published by Thomson Reuters and is available now for purchase. The publication of CyberLitigation comes at an important moment as the U.S. is in the midst of a huge surge in data breaches, particularly ransomware attacks.

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Data Illinois Security California 148

BankUnderground

JULY 2, 2021

John Lewis, Andrea Šiško and Misa Tanaka. The Covid pandemic has led to a large enforced shift towards working from home (WFH) as a result of ‘stay-at-home’ policies in many countries. This led to a resurgence in interest in, and new reignited discussion about, the consequences of greater WFH. In this briefing we review the literature on the impact of WFH on productivity.

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Study Survey Policies Capital 130

BankInovation

JULY 2, 2021

This week, retirement, investments and personal finance technology piqued investor interest, and a Latin American cryptocurrency exchange had the largest series B round in Latin America’s history. Bank Automation News explores some of the week’s notable funding rounds here. Smart Smart, a London, England-based savings and investments technology platform provider, announced on Monday a $228M […].

cryptocurrency 92

cryptocurrency Technology 92

CFPB Monitor

JULY 2, 2021

Pursuant to the authority set forth in Section 205 of Senate Bill 1202, Connecticut’s Banking Commissioner signed an order that permits individuals engaged in certain licensable activity on behalf of certain consumer credit licensees to work from remote office locations not licensed as branch office locations. The order, available here , extends the previous no-action position of the Commissioner and is effective July 1, 2021.

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Connecticut Maine United States Regulation 78

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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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BankInovation

JULY 2, 2021

Kakao Pay Corp., South Korea’s largest online payment service with 36 million users, is seeking to raise as much as 1.63 trillion won ($1.4 billion) in an initial public offering in Seoul, following blockbuster IPO filings from Kakao Bank and Krafton Inc. this week. The Pangyo-based fintech company will sell 17 million new shares at […].

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Groups Fintech Online Payments 75

BankInovation

JULY 2, 2021

This week, Bank Automation News discusses comments made by U.S. Federal Reserve Vice Chair for Supervision Randal Quarles’ to the Utah Bankers Association Convention this week, in which he compared central bank digital currency (CBDC) to the ill-conceived parachute pants of the 1980s. The BAN team also delve into recent public responses to a federal […].

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Utah Compliance Regulation 59

The Paypers

JULY 2, 2021

Italy-based platform for equity crowdfunding investments Mamacrowd has partnered with Fabrick to use Open Finance to enrich its offer and optimise processes interior, according to Eco di Milano.

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Tomorrow's Transactions

JULY 2, 2021

Last week, I attended the excellent Transport Ticketing Digital Summit which focused on advances in fare collection and Mobility as a Service (MaaS). In a conference looking at the future of fare collection where open-loop and integrated transportation provides the focus, I hosted a fireside session with one of our clients, Greg Garback from the… Continue reading How the past (ticketing technology) can still be relevant in the future.

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Technology Conference Mobile System 44

The Paypers

JULY 2, 2021

BigPay has officially submitted its application for a digital banking licence to Bank Negara Malaysia , according to fintechnews.my.

Digital Banking 50

Digital Banking 50

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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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CB Insights

JULY 2, 2021

Moveworks , a conversational AI platform that automates IT tasks, has raised $200M in a Series C. The round drew participation from Tiger Global Management, Alkeon Capital Management, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Bain Capital, Sapphire Ventures, and ICONIQ Growth. HOW’S THE COMPANY PERFORMING? California-based Moveworks is a chatbot AI platform designed specifically to address employee concerns, such as IT issues, HR requests, and policy inquiries.

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Company California Capital Policies 41

The Paypers

JULY 2, 2021

FCA-regulated payments app Emma has launched a new feature that makes transferring money between friends and family, says the official press release.

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Payments Regulation 41

The Banker

JULY 2, 2021

A government-backed securitisation scheme has helped turn Italian banks’ balance sheets around, but as Covid-19 support measures ease, bad loans are expected to rise.

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The Paypers

JULY 2, 2021

Zalando has launched its online store and platform in Lithuania, Slovakia, and Slovenia.

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Online 57

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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.

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American Banker

JULY 2, 2021

Risk Management 85

Risk Management Management 85

The Paypers

JULY 2, 2021

Estonia-based Bigbank has selected European payment services provider Nets to provide issuer processing and digital services, including virtual cards and mobile payment capabilities.

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Payments Mobile Cards 39

American Banker

JULY 2, 2021

Lending 83

Lending 83

The Paypers

JULY 2, 2021

Shopify has revealed its new Payments Platform.

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Payments 69

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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.

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American Banker

JULY 2, 2021

America 81

America 81

The Paypers

JULY 2, 2021

Cross-border B2B marketplace Trustana has partnered with technology-as-a-service platform provider OneConnect Financial Technology to accelerate cross-border commerce, according to IBS Intelligence.

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Financial Technology Technology 31

American Banker

JULY 2, 2021

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Taxes System Community Bank Community 69

The Paypers

JULY 2, 2021

India-based Axis Bank has selected Amazon Web Services (AWS) to accelerate its digital transformation programme and meet the growing demand for its digital banking services, according to Business Standard.

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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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American Banker

JULY 2, 2021

Technology 72

Technology Payments 72

The Paypers

JULY 2, 2021

US-based banking group Wells Fargo has released a new credit card, the Wells Fargo Active Cash Card, which has no-annual fee and earns a flat 2% cash rewards across the board.

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Cards Groups US 31

American Banker

JULY 2, 2021

Payments 70

Payments 70

The Paypers

JULY 2, 2021

India-based cryptocurrency exchange WazirX has partnered with blockchain analytics provider TRM Labs to enhance anti-money laundering and anti-fraud measures for transactions conducted on the WazirX platform.

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Compliance cryptocurrency Analytics blockchain 31

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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.

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