BankUnderground

FEBRUARY 9, 2023

Nicola Garbarino, Benjamin Guin and Jonathan Lee 5.2 million properties in England are at risk of flooding. To ensure the availability and affordability of flood insurance to households in flood-prone areas, the UK Government introduced an innovative reinsurance scheme, Flood Re, in April 2016. It provides insurers with an option to pass the flood-risk element of their policies on to the reinsurer at a lower fixed price according to property council tax band.

Marketing 74

Marketing Policies Regional Data 74

Payments Dive

FEBRUARY 9, 2023

Dan Schulman plans to retire at the end of the year, giving PayPal’s board a head start on finding his successor, he said during an earnings call with analysts.

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Abrigo

FEBRUARY 9, 2023

Name screening for sanctions compliance Understand regulatory expectations surrounding name screening and the best lists for your risk-based AML program. You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions " WATCH NOW Takeaway 1 Financial institutions must understand regulatory expectations for name screening with sanctions lists.

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Fraud Training Software Compliance 195

Payments Dive

FEBRUARY 9, 2023

Euronet attracted the United Kingdom bank HSBC as one of the first financial institution clients for its Dandelion cross-border payments service.

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Payments 221

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

TheGuardian

FEBRUARY 9, 2023

Bank also plans to phase out similar lending for existing customers under its first climate transition plan NatWest has announced it will stop offering loans to new customers hoping to fund oil and gas exploration, extraction or production projects, as part of a wider climate transition plan due to be unveiled next week. The banks’s chief executive, Alison Rose, said similar steps would be taken to phase out the same funding for existing customers, meaning the bank would refuse to renew, refinan

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CFPB Monitor

FEBRUARY 9, 2023

The issue of whether a home equity line of credit (HELOC) that can be accessed using a credit card is a “credit card plan” subject to the Truth in Lending Act’s setoff prohibition is currently before the U.S. Court of Appeals for the Fourth Circuit. The American Bankers Association recently filed an amicus brief in the case in support of the appellee bank’s position that the prohibition does not apply to HELOCs. .

Cards 78

Cards Lending 78

Payments Dive

FEBRUARY 9, 2023

Ingenico is adding an in-store payments software service, and hinted that a large U.S.-based merchant acquirer will start using it soon.

Software 195

Software Payments 195

SWBC's LenderHub

FEBRUARY 9, 2023

Delinquency and collections are an inevitable part of the lending business, especially as we head into an economic future dominated by inflation and high interest rates. Delinquent accounts present cash flow and many other challenges for an institution, and the process of recovering those funds can be time-consuming, expensive, and inefficient if you don't have the right tools in place.

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Resources Lending Tools 78

TheGuardian

FEBRUARY 9, 2023

Gillian Lynne theatre, London Hadley Fraser, Nigel Lindsay and Michael Balogun are astonishing as the 18th-century bankers who helped to define the American dream The Lehman Trilogy premiered in Europe just five years after the eponymous bank’s collapse and then arrived at London’s National Theatre a decade on from the financial earthquake of 2008. (Broadway, and five Tony awards , followed.

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Alabama National US 87

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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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The Paypers

FEBRUARY 9, 2023

Netherlands-based payments orchestration company Akurateco has announced certification of its integration to international payment provider Elavon , a US Bank subsidiary.

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US Payments Company 69

TheGuardian

FEBRUARY 9, 2023

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals Credit Suisse has scrapped its annual bonus for top executives after the scandal-hit Swiss bank reported its worst full-year loss since the 2008 banking crisis. The lender on Thursday revealed a 7.3bn Swiss francs (£6.6bn) net loss for 2022, as clients withdrew their cash at a dizzying pace and the bank experienced a significant drop in income from its wealth, asset management and investment management divisions

Management 81

Management Report 81

The Paypers

FEBRUARY 9, 2023

The Bank of London , UK’s sixth principal clearing bank, has extended its Series C funding round by USD 40 million to now reach USD 160 million.

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CB Insights

FEBRUARY 9, 2023

Human resources departments have faced huge challenges over the last few years, from the rapid rise of remote work spurred by the pandemic to waves of employee turnover in late 2021 and early 2022. DOWNLOAD THE STATE OF FINTECH 2022 REPORT Get the latest data on global fintech investment trends, the unicorn club, sectors from banking to payments, and more.

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Resources Company Fintech Trends 62

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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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The Paypers

FEBRUARY 9, 2023

US-based financial services company Stripe has partnered with New Zealand-based business platform Xero to facilitate small businesses get paid faster.

Payments 67

Payments US Company 67

BankInovation

FEBRUARY 9, 2023

Consumer credit reporting agency Equifax finished migrating its credit database to the cloud in mid-January as part of a five-year, $1.5 billion process to move its technology stack and data to the cloud. “We’re in the last mile.

Data 52

Data Management Technology Report 52

FICO

FEBRUARY 9, 2023

Home Blog FICO APP Scams: What Impact Will the PSR’s Proposals in the UK Have? As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? Will there be unintended consequences? And what can banks do? FICO Admin Tue, 07/02/2019 - 05:23 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Thu, 02/09/2023 - 11:40 Of the £609.8 million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams)

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Fraud social media Examples Regulation 52

BankInovation

FEBRUARY 9, 2023

Steve Devine, senior vice president and head of payables at Citizens Bank, will join the panel “Strategies for automating real-time payment processes” at the Bank Automation Summit U.S. 2023 on Friday, March 3, at 9:50 a.m. ET at the Westin Charlotte in Charlotte, N.C. View the full agenda for the Bank Automation Summit U.S.

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Charlotte US Strategy Payments 52

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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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FICO

FEBRUARY 9, 2023

Home Blog FICO Six Steps to Growth in a Global Economic Squeeze Learn how banks and other financial institutions can use personalization to drive growth in spite of global economic uncertainty FICO Admin Thu, 12/19/2019 - 16:29 by TJ Horan Vice President, Product Management expand_less Back To Top Thu, 02/09/2023 - 12:30 Right now, we’re all wrestling with the squeeze on household incomes and rising inflation.

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Analytics South Carolina Management US 52

BankInovation

FEBRUARY 9, 2023

Technology spend at banks varied during the fourth quarter of 2022 amid talk of a recession. The $3 trillion Bank of America saw 8% growth in non-interest expenses in Q4 to $5.1 billion and $1.

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America Technology Retail 52

FICO

FEBRUARY 9, 2023

Home Blog FICO Is ChatGPT the Weight Loss Wonder Drug of AI? ChatGPT isn’t assisting or enhancing human creativity, it is regurgitating a configuration of the AI data it was trained on FICO Admin Tue, 07/02/2019 - 02:45 by Scott Zoldi Chief Analytics Officer expand_less Back To Top Thu, 02/09/2023 - 16:00 An AI chatbot that can pass the content an exam given by a Wharton business school professor.

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Analytics Training San Diego Cyber Security 52

BankInovation

FEBRUARY 9, 2023

Lending is a difficult business – it’s hard enough dealing with ordinary risks in consumer lending. But lenders also deal with overwhelming, ever-changing regulations. Fortunately, there are ways to mitigate the risk. One of the best is ensuring that data used in evaluating loans is complete and accurate.

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Compliance Lending Regulation Data 52

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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.

Lending

The Paypers

FEBRUARY 9, 2023

Singapore-based fintech specialising in cross-border payments, Tazapay , has announced it has raised USD 16.9 million in a Series A funding round led by Sequoia Capital Southeast Asia.

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Capital Fintech Payments 36

American Banker

FEBRUARY 9, 2023

Industry 74

Industry 74

The Paypers

FEBRUARY 9, 2023

Estonia-based Eurora has partnered with courier company SkyNet Worldwide Express to automate cross-border compliance and enable ecommerce retailers to expand internationally.

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Compliance Retail Company 36

American Banker

FEBRUARY 9, 2023

Report 74

Report Technology 74

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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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