Payments Dive
MARCH 28, 2022
Proponents and opponents of buy now-pay later services are weighing in on how the new installment financing should be regulated after the Consumer Financial Protection Bureau asked for input. The federal agency is absorbing the views as it conducts an inquiry into the industry's business practices.
SWBC's LenderHub
MARCH 28, 2022
Last Week. We had shock and awe in the bond markets last week as Fed presidents and governors took to the airwaves stating they were amenable to multiple 50 basis point hikes at the remaining meetings in 2022 and beyond. It seems it was only yesterday that folks chuckled at St. Louis Fed President James Bullard when he called for one 50 basis point hike in 2022.
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Payments Dive
MARCH 28, 2022
PayPal's Happy Returns services will now be available at the beauty products store chain. PayPal has integrated its returns services into multiple retailers’ brick-and-mortar locations over the past few years.
BankInovation
MARCH 28, 2022
As the automotive industry continues to shift toward digitization, lenders have more data at their fingertips than ever, and managing that data has become a key consideration. Chase Auto, Flagship Credit Acceptance and GM Financial — and even financing conduits such as RouteOne — are continuously evaluating how they leverage their data management systems in […].
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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
TheGuardian
MARCH 28, 2022
Bank has softened language in research documents, according to report, amid pressure to exit Russia Russia-Ukraine war: latest updates What we know on day 33 of Russia’s invasion HSBC has reportedly removed references to a “war” in Ukraine from research reports, amid calls for the British bank to close its operations in Russia. Russia’s government refers only to a “special military operation” in Ukraine, and Vladimir Putin’s regime has criminalised reporting on its invasion that contains any inf
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
MARCH 28, 2022
UK government sells more of stake in group formerly known as Royal Bank of Scotland at a loss over 2008 price NatWest Group has returned to majority private ownership after it agreed to buy back £1.2bn of shares from the UK government, more than 13 years after the company was bailed out by taxpayers at the height of the financial crisis. The company, formerly known as Royal Bank of Scotland Group (RBS), said it had agreed to make an off-market purchase of 550m shares, or 4.91% of its share capit
BankInovation
MARCH 28, 2022
Banks must shift their talent strategy from retention to productivity as the financial services industry struggles to keep up with demand for technology-focused employees. Training and retaining tech talent will be key for banks in 2022, with 54% of respondents of one survey listing staffing and retention as pressing needs, according to customer engagement firm […].
SWBC's LenderHub
MARCH 28, 2022
A new federal debt collection rule enacted under the Fair Debt Collection Practices Act (FDCPA), Regulation F , went into effect in November 2021. This new law will significantly impact the debt collection process.
CFPB Monitor
MARCH 28, 2022
As previously reported, in January 2022 the CFPB published a “ Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services ” with a comment deadline of March 31, 2022. The CFPB has now announced an extension of the deadline to April 11, 2022. The CFPB stated that the “more than 25,000 comments we have received through mid-March show the high-level of public interest on this topic, and the number of people affected by exploitative junk fees.
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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
Bobsguide
MARCH 28, 2022
Banking as a Service gains unstoppable momentum, Finastra research shows: 85% of senior executives surveyed are already implementing BaaS solutions or are planning to in the next 12-18 months. Dubai, UAE, London, UK, New York, US – March 28, 2022 – Finastra today published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’.
TheGuardian
MARCH 28, 2022
It’s hard to see why the supermarkets have resisted real living wage accreditation for so long At first glance, it may feel unfair to pick on Sainsbury’s in a campaign against low pay in the supermarket sector. The group’s rate of hourly basic pay is higher than Tesco’s (£10 versus £9.55) and, among Sainsbury’s directly employed staff, it is only those in outer London who are currently denied the real living wage.
CB Insights
MARCH 28, 2022
Theta Lake , a digital communication supervision and compliance platform, has raised $50M in a Series B. The round drew participation from Battery Ventures, Lightspeed Venture Partners, Cisco Investments, Zoom Video Communications, and Salesforce Ventures, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-f
The Paypers
MARCH 28, 2022
The US Federal Communications Commission (FCC) has added Russian-based worldwide-known cybersecurity company Kaspersky Lab on its list of entities that pose a threat to the US national security.
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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.
CB Insights
MARCH 28, 2022
WorkRamp , a learning management system provider, has raised $40M in a Series C. The round drew participation from Salesforce Ventures, Slack Fund, OMERS Ventures, and Susa Ventures, among others. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in 2021. First name. Last name.
The Paypers
MARCH 28, 2022
The Bank of England had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative , or DCI, on a joint twelve-month research project on CBDCs.
The Paypers
MARCH 28, 2022
Germany-based billing processing automation JITpay Group has announced cooperating with gas company Shell to launch the JITfuel fuel card on 1 April 2022.
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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.
American Banker
MARCH 28, 2022
The Paypers
MARCH 28, 2022
Thailand’s Security and Exchange Commission has announced that it will ban the use of crypto as a means of payment from April 1, 2022.
The Paypers
MARCH 28, 2022
Canada-based payment company Nuvei has teamed with Croatian mobile wallet Aircash to power the latter’s expansion into Europe.
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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.
The Paypers
MARCH 28, 2022
The European Parliament is said to vote on an amendment to its AML legislation that regulates unhosted wallets and forces cryptocurrency exchanges to provide details of their customer’s anonymous transactions.
The Paypers
MARCH 28, 2022
Fintech super app ZoodPay , which covers a relevant part of the MEA region, and digital commerce enabler Network International have teamed to provide Buy Now, Pay Later (BNPL) solutions for Network’s merchants in Jordan.
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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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