Payments Dive
MAY 4, 2022
Consumers may "not understand that funds kept in digital wallets or by payment apps may not be insured and protected to the same degree as their bank accounts,” a congressional report says.
South State Correspondent
MAY 4, 2022
Market Awaits FOMC Decision and Powell’s Comments. It’s not so much the 50bps rate hike we expect from the Fed this afternoon, but how Powell frames expectations for the meetings to come that will be the focus for investors. That will have to come mostly in the post-meeting press conference since we won’t see refreshed economic or rate forecasts until the June meeting.
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Gonzobanker
MAY 4, 2022
A focused plan for the development of next generation talent is no longer optional. Every year, Cornerstone Advisors conducts a survey of community-based financial institution CEOs that asks what their top concerns are. The 2022 survey produced the biggest one-year change we have ever seen. A full 63% of executives identified the ability to attract qualified talent as a key concern, up from just 19% the year before (Cybersecurity and new customer growth were #2 and #3 at just over 40%).
CFPB Monitor
MAY 4, 2022
Connecticut is the next in a growing list of states to pass comprehensive data privacy legislation. Last Friday, the Connecticut legislature passed, by large margins, Senate Bill 6 — which we are referring to as the Connecticut Data Privacy Act (CTDPA). The law now awaits the Governor’s signature. The CTDPA follows the form and content of other privacy laws passed in the prior year, including the Colorado Privacy Act (CPA), Virginia Consumer Data Protection Act (VCDPA), and Utah Privacy Act
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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
BankInovation
MAY 4, 2022
SWIFT chooses Google Cloud for collaboration The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is collaborating with Google Cloud on its new network connectivity solution, Alliance Connect Virtual, Google announced Thursday. Alliance Connect Virtual will allow customers to connect to SWIFT directly from the public cloud. Specifically, it will allow banks to deploy traditional physical […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
MAY 4, 2022
Core provider FIS offered a look behind the crypto curtain during its first-quarter earnings presentation Tuesday. Circle, the peer-to-peer payments company and issuer of USDC stablecoin, announced in April that it had selected FIS’ Worldpay platform for streamlined merchant acceptance of USDC, with crypto.com set to be the pilot customer. FIS President Stephanie Ferris said […].
ABA Community Banking
MAY 4, 2022
At a Senate Judiciary Committee hearing, banking, credit card industry representatives and some lawmakers pushed back against proposals to expand interchange regulation to credit cards, arguing that the existing interchange fee limits imposed by the Durbin amendment more than a decade ago are hurting consumers. . The post Senate hearing rekindles debate over Durbin amendment appeared first on ABA Banking Journal.
BankInovation
MAY 4, 2022
The combination of new client wins in core and digital banking products pushed sales bookings up almost 40% year over year for Jack Henry during its fiscal third quarter that ended March 31. The company saw 14 "competitive core takeaways" in Q3 and signed nine existing on-premises core customers to transition to Jack Henry's private […].
BankBazaar
MAY 4, 2022
The incredible franchise that is Star Wars has many valuable financial lessons to teach. Read on you must. The incredible franchise that is Star Wars, packed with iconic heroes, ruthless villains, and all-round entertaining explosive action, has many valuable financial lessons to teach. Read on you must. 1. Be Cautious About Debt. Han Solo would be all too familiar with the trouble that being in debt could bring, thanks to his struggle to avoid the bounty hunters set on him because of the debt h
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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
MAY 4, 2022
Automation, data management and compliance strategies were a focus of discussion last week at the Auto Finance Innovation and Auto Finance Risk Summits in San Diego. Chase Auto, Wells Fargo Auto and Mazda Financial Services plan to expand their automation efforts through new upgrades and investments. Chase, for one, is creating a digital journey that […].
ATM Marketplace
MAY 4, 2022
Read this whitepaper, created by Gunnebo and TMD Security, to discover more about the root cause of the escalating problem and a proposed route to end this cycle of violence.
The Paypers
MAY 4, 2022
Peppermint has been granted a licence to operate as an Electronic Money Issuer (EMI) by the Central Bank of the Philippines , ‘Bangko Sentral ng Pilipinas’ (BSP).
Ublocal
MAY 4, 2022
Union Bank has always prioritized giving back to the communities we serve. In fact, last year we provided meaningful support to over 175 non-profit organizations throughout northern Vermont and northern New Hampshire. From food shelfs and Meals on Wheels , to community health care providers and cancer research, to low & moderate-income housing projects, to performing arts and youth sports, trail organizations and more.
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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.
The Paypers
MAY 4, 2022
France-based payment service company Worldline has partnered with MYRA , one of the main providers of self-check-in solutions for both online and offline, to develop a new customer payment solution customised to the hospitality sector.
The Banker
MAY 4, 2022
The governor of Portugal’s central bank and former finance minister speaks to Peter Wise about the resilience of the Portuguese banking sector and the challenges ahead.
The Paypers
MAY 4, 2022
UK-based NatWest has signed agreements with TrueLayer , GoCardless , and Crezco to offer Variable Recurring Payments (VRP) as a new payment option for businesses and consumers.
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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.
The Paypers
MAY 4, 2022
Worldline and Algoan , a France-based credit scoring provider, have announced a collaboration agreement to develop a credit assessment solution to help lenders and services providers.
The Paypers
MAY 4, 2022
Western Union and SuperGIROS has partnered to offer the former’s money movement capabilities in every SuperGIROS retail location across Colombia.
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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
MAY 4, 2022
Japan-based ecommerce and payment solutions provider Degica has announced the launch of 41 KOMOJU apps on ecommerce shopping platform Shopify.
The Paypers
MAY 4, 2022
Germany-based Haufe X360 has announced it is integrating the Open Banking and EBICS solution of BANKSapi into its digital offering.
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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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