Accenture
APRIL 26, 2022
Environmental, social and governance (ESG) ratings are essential for banks and the companies they fund. But too often these sustainability assessments are opaque and inconsistent. Now, regulations that would improve the transparency of ESG ratings have just moved closer. The International Regulatory Strategy Group (IRSG), in the UK, has declared its support for the regulation….
Perficient
APRIL 26, 2022
FINRA member participation in TRACE is mandatory and obligates members to submit transaction reports in TRACE-eligible securities to conform with the Rule 6700 Series. Getting started requires a member to complete a FINRA Transparency Services Participation Agreement (FPA) version 1.4, found on the FINRA website, and then submit the signed form via the FINRA Firm Gateway.
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Payments Dive
APRIL 26, 2022
Other countries, including China and India, are reaping much bigger rewards than the U.S. from their business and consumer adoption of real-time payment systems, according to a new study.
Abrigo
APRIL 26, 2022
FinCEN's Tips for Detecting Kleptocracy and Associated Money-Laundering FinCEN recently issued an advisory offering red flags for financial institutions to heighten awareness of kleptocracy and corruption, given global events. You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." WATCH. Takeaway 1 With Russia's invasion of Ukraine, U.S. financial institutions should understand how to identify corrupt activity and associated money laundering.
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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
Cisco
APRIL 26, 2022
The future of financial services will be shaped by the ability of financial institutions to extract and deliver more customer value from data. The convergence of mobile, cloud, and IoT technologies continues to create new opportunities for institutions to deliver personalized and contextual financial services. Those opportunities will rely on data and analytics for real-time decision making.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
APRIL 26, 2022
The opening keynote at the Bank Customer Experience Summit held in Chicago from Aug. 31st to Sept. 1st will cover the future of bank branches.
ABA Community Banking
APRIL 26, 2022
As banks approach two key asset thresholds—$500 million and especially $1 billion — they must begin preparing for new risks and regulatory expectations. Many of them play out in the audit committee. The post Audit committee expectations intensify as assets hit $1 billion appeared first on ABA Banking Journal.
BankInovation
APRIL 26, 2022
Toronto-Dominion Bank is looking to hire 200 technology workers at its office in Fort Lauderdale, Florida, to take advantage of a growing talent pool in the region. The hires, which will take place over the next two years, are part of a tech-hiring blitz that the Toronto-based bank announced in January. The bank said at […].
CFPB Monitor
APRIL 26, 2022
The FTC has announced a stipulated order of judgment in a lawsuit that it recently filed against Saint James School of Medicine, a for-profit medical school located in the Caribbean, together with its operator and financiers. The $1.2 million judgment will be used toward refunds and debt cancellation for students who financed their education within the past five years.
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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
BankInovation
APRIL 26, 2022
Skyrocketing scams and card-not-present (CNP) fraud losses can be blamed on bad actors leveraging automation, experts say. Consumer scams reported by bank executives have risen by double-digit percentages since the start of the pandemic, while CNP fraud losses look poised to reach $9.2 billion in 2023, a 15% year-over-year increase, according to research firm Aite-Novarica. […].
CFPB Monitor
APRIL 26, 2022
A recent CFPB blog post endorsed part of U.S. Department of Education Secretary Cardona’s keynote address for the 2021 FSA Training Conference that issued a call to end the longstanding institutional practice of transcript withholding in order to promote equity and diversity. While the CFPB rings alarm bells in its blog post, it offers no data concerning the prevalence of this practice to explain why it finds cause for alarm.
BankInovation
APRIL 26, 2022
SAN DIEGO — The $800 million Farm Bureau Bank is boosting its current technology expenditure by as much as 15% as it modernizes its auto loan systems. “We're going to probably spend 15 times more than what we're doing now, but I'm going to show where the savings are,” Chief Operations and Technology Officer Mark […].
TheGuardian
APRIL 26, 2022
Public accounts committee say government must devote more resources to recovering nearly £5bn MPs have criticised the government for its “unacceptable” failure to draw up plans to recover nearly £5bn taken from the coronavirus emergency bounceback loan scheme by fraudsters. The government must give more resources to counter-fraud agencies and account properly for how much of the money will be lost forever, according to a report published on Wednesday by parliament’s influential public accounts c
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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.
FICO
APRIL 26, 2022
UK Telco regulator Ofcom continues to push operators to ensure they are treating customers fairly with affordable access to phone, broadband, digital and pay TV services. Indeed, today comms providers’ corporate strategies boast deep, trusted customer relationships and are include ever more services to upsell, cross-sell and boost the average revenue per user/unit, while reducing churn.
Tomorrow's Transactions
APRIL 26, 2022
A wallet is a way of organising things. My Apple Wallet, just like my real wallet, doesn’t have any cash in it. It has credit cards, debit cards, loyalty cards, vaccination records, boarding passes, train tickets and driving licences (Apple have just gone live with their driving licence and state in Arizona). These things are… Continue reading What Exactly Is A Smart Wallet?
FICO
APRIL 26, 2022
Dr. Scott Zoldi, FICO’s chief analytics officer, scored a pandemic hit with his LinkedIn streamcast series, “ Expect the Unexpected: AI and Bias, the Boardroom, Blockchain and Business.” Season 2 “ Under the Hot Rod Hood: The Data Science of AI ” kicked off on April 20 and you can replay Episode 1 here. In this blog we recap Scott’s Season 1 conversations with Jordan Levine , Partner at Dynamic Ideas LLC and MIT lecturer, and Cortnie Abercrombie , CEO and Founder of AI Truth.
TheGuardian
APRIL 26, 2022
Bank puts aside £504m to cover unpaid loans as customers miss payments due to cost of living crisis Profits at HSBC tumbled nearly 30% in the first quarter on fears of a surge in defaults linked to inflation and what it called the “devastating consequences” of the war in Ukraine. The London-headquartered bank said profits fell to $4.2bn (£3.3bn) from $5.8bn a year ago, as it put aside $642m to cover potential defaults on loans in the first three months of the year.
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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.
CB Insights
APRIL 26, 2022
Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. Payments leaders face compounding challenges of combating fraud and financial crime, securing consumer and payment card data, and complying with regulatory mandates to protect their businesses and customers — all while ensuring a frictionless user experience.
The Paypers
APRIL 26, 2022
Global card issuer and online payments processor Mastercard has announced the launch of an improved identity solution, in collaboration with tech giant Microsoft.
American Banker
APRIL 26, 2022
The Paypers
APRIL 26, 2022
Netherland-based payment gateway platform WLPayments has added eight new payment integrations in the first quarter of 2022 to its portfolio of payment partners.
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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
APRIL 26, 2022
US-based payment orchestrator Nexio has selected Chargebacks911 ’s end-to-end dispute management offering to defend merchants from chargebacks.
The Paypers
APRIL 26, 2022
Stripe has announced it is testing a way for users to receive their payouts in cryptocurrency, starting with a group of creators on Twitter.
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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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