BankInovation
FEBRUARY 15, 2023
In today’s economic climate, leveraging data is a good way for banks to increase efficiency and save costs, positively impacting their bottom line. By leveraging their data, banks gain valuable insights and can align business objectives and strategy, leading to new growth opportunities.
Payments Dive
FEBRUARY 15, 2023
The Clearing House and other payments players, including Swift, are readying for the March rollout of a international payments standard.
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ABA Community Banking
FEBRUARY 15, 2023
During the first MDI Partnership Summit held this week in Orlando, Florida, participants from minority depository institutions and banks across the country gathered to discuss approaches to better serve the unique banking needs of communities of color and low- to moderate-income communities. The post ABA, National Bankers Association hold first MDI partnership summit appeared first on ABA Banking Journal.
Payments Dive
FEBRUARY 15, 2023
Delinquency rates for Discover, Synchrony and Bread all rose in January relative to December levels.
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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
FEBRUARY 15, 2023
Angry protesters attack ATMs and block roads in frustration at lack of new banknotes days before election Rioters have attacked bank ATMs and blocked roads in three Nigerian cities as anger spilled on the streets over a scarcity of cash, just days before the country’s general election. Nigeria has been struggling with a shortage in physical cash since the central bank began to swap old bills of the local naira currency for new ones, leading to a shortfall in banknotes.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
FEBRUARY 15, 2023
London-based fraud prevention fintech SEON has acquired anti-money laundering software company Complytron for an undisclosed amount. The deal has been in the works since April 2022, as SEON aims to improve its compliance and screening capabilities, SEON Chief Executive Tamas Kadar told Bank Automation News.
Payments Dive
FEBRUARY 15, 2023
As the frictionless locations go into service, Grabango’s CEO Will Glaser sees the technology gaining traction in coming years.
BankInovation
FEBRUARY 15, 2023
Citi Treasury and Trade Solutions, a division of Citi’s Institutional Clients Group, increased technology spend about 40% over the past two and a half years, and will continue to invest in its platform during the next three to four years, said Shahmir Khaliq, global head of Citi Treasury and Trade Solutions, during Credit Suisse’s Financial […]
CFPB Monitor
FEBRUARY 15, 2023
The CFPB issued a new report, “ Market Snapshot: An Update on Third-Party Debt Collections Tradelines Reporting ,” that looks at trends in credit reporting of debt in collections from 2018 to 2022. It also published a new blog post, “ Debt collectors re-evaluate medical debt furnishing in light of data integrity issues ,” that looks at factors that create challenges for medical collections reporting.
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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
TheGuardian
FEBRUARY 15, 2023
The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers Barclays staff will share £1.2bn in bonuses this year despite a 15% drop in the bank’s annual profits after it was hit by the costs of a US trading blunder and more money being put aside for a potential jump in defaults by borrowers. The bank revealed in its annual report on Wednesday that its staff bonus pool would go relatively untouched, with top performers to share £1.2bn between t
The Paypers
FEBRUARY 15, 2023
The first account-to-account (A2A) payment service authorised by the National Bank of Romania (NBR), SmartPay , has integrated with online invoicing, automated inventory management platform EasyBill.
Ublocal
FEBRUARY 15, 2023
Union Bank is dedicated to constantly improving our products and services, and offering customers the latest technology. From Mobile Banking and Online Banking , to secure P2P Payments and Advanced Fraud Protection and Security , we strive to keep our customers, and their assets, safe, while conveniently accessible online. We’re excited to announce our latest technological offering—online account opening.
BankInovation
FEBRUARY 15, 2023
Ninish Ukkan, chief technology officer at Arvest Bank, will join the panel “At the core: Strategies for addressing legacy core systems” at Bank Automation Summit U.S. 2023 on Thursday, March 2, at 2:15 p.m. ET at the Westin Charlotte in Charlotte, N.C. View the full agenda for the Bank Automation Summit U.S. 2023 here.
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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.
TheGuardian
FEBRUARY 15, 2023
The RBA governor came to Senate estimates armed with messages he wanted to convey and an inclination to avoid all trapdoors The Reserve Bank governor, Philip Lowe, has the reassuring demeanour of a Victorian-era country parson. Australians saw this quality during the opening months of the coronavirus pandemic when he was communicating with the public reasonably regularly on television.
BankInovation
FEBRUARY 15, 2023
It’s tempting to think that a cloud service provider will ensure the high availability of your critical cloud-based banking applications. The problem is that they really don’t. Your cloud provider may have helped you configure a cluster of virtual machines (VMs) running out of multiple data centers or availability zones (AZs).
The Paypers
FEBRUARY 15, 2023
Credit Suisse has entered a strategic partnership with Switzerland-based digital asset infrastructure provider Taurus.
The Banker
FEBRUARY 15, 2023
Now is an opportune time to consider introducing UK regulatory investigation time limits in order to achieve better fairness and proportionality, argues Harvey Knight of Withers LLP.
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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
FEBRUARY 15, 2023
Plaid has partnered with identity provider Okta to help financial institutions accelerate Open Finance initiatives and adopt OAuth and APIs to exchange data with third parties.
Image Works Direct
FEBRUARY 15, 2023
Marketing is all about personality. Before all else, the focus of your marketing efforts should be building out your brand identity and finding what makes you special among your competitors. You need to stand out from the crowd – with your message and delivery strategy, make sure you’re doing it your way.
The Paypers
FEBRUARY 15, 2023
Global payments solution provider Checkout.com has announced it has been appointed as the payments provider for NewDay , one of the largest card issuer in the UK, processing millions of transactions per year.
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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
FEBRUARY 15, 2023
Direct bank acquirer and international payment service provider, ECOMMPAY , has recently launched its first BNPL product exclusively tailored to travel businesses for online bookings.
The Paypers
FEBRUARY 15, 2023
Instant transaction solutions provider Noda has announced a partnership with online game developer Wargaming to enable instant Open Banking payments in the gaming industry.
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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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