TheGuardian

MARCH 21, 2023

UBS’s rescue of Credit Suisse is expected to result in tens of thousands of job cuts UK government borrowing rose last month to the highest February deficit on record, largely because of spending on support schemes to help households and businesses with spiralling energy bills. The government borrowed £16.7bn in February, £9.7bn more than a year earlier and the highest February borrowing since monthly records began 30 years ago, according to the latest figures from the Office for National Statis

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Payments Dive

MARCH 21, 2023

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

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Meeting Cards Company 459

South State Correspondent

MARCH 21, 2023

You have undoubtedly heard or seen the various commercials and likely have even received phone calls about Employee Retention Credit, or ERC. The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. We introduced our ERC Assist program several months ago so that we can attest to the efficacy of this product.

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Payments Dive

MARCH 21, 2023

Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.

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System 221

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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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Abrigo

MARCH 21, 2023

Strategies for earning more in rising rates Financial institutions need to be intentional with funding strategies and loan pricing models. You might also like this video on managing interest rate risk. WATCH Takeaway 1 Earning more income and mitigating interest rate risk isn’t as simple as charging higher rates on loans and earning higher rates on the investment portfolio.

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Risk Management Management Strategy Lending 195

ATM Marketplace

MARCH 21, 2023

Have we entered an age where artificial intelligence (AI) tools like ChatGPT and Bard have become uncontrollable monsters, destined to suck away all human individuality and creative thought, relegating us mere mortals to the Twilight, until we are eventually banished to the Dark Shadows forever? Well, probably not so much.

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Trends Tools US 108

BankInovation

MARCH 21, 2023

Many financial institutions struggle to decide where they should focus their strategic modernization efforts. Should they prioritize back-office and core capabilities or more tactical front-end and point solutions? Trying to choose the best option often leads to significant resource use and major inefficiencies.

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Fintech Resources 98

TheGuardian

MARCH 21, 2023

Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way? The global financial system is facing a crisis of confidence. Which makes this week’s meeting of America’s central bankers critically important. None of the 12 members of the Federal Reserve Board’s Open Market Committee were elected to their posts.

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Meeting System Marketing US 97

CFPB Monitor

MARCH 21, 2023

The CFPB recently announced the publication of the Home Mortgage Disclosure Act (HMDA) Modified Loan Application Data for 2022. The data is available on the Federal Financial Institutions Examination Council (FFIEC) website. The CFPB advises that this year, in addition to institution-specific modified Loan Application Register (LAR) files, users can download one combined file that contains all institutions’ modified LAR data.

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Data 78

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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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ATM Marketplace

MARCH 21, 2023

With March Madness underway, many businesses will see a large influx of cash. Here's how to manage it.

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How To Management 103

TheGuardian

MARCH 21, 2023

Exclusive: Jeff Fairburn, who was forced to leave housebuilder after outrage at £82m bonus, registers ‘credit granting’ business The former chief executive of the housebuilder Persimmon who landed one of the biggest bonuses in British corporate history has set up a new venture with his wife. Jeff Fairburn, who was ousted from Persimmon after protests at his bumper £82m bonus in 2018, has set up an investment company with his wife, Jayne, the Guardian can reveal.

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The Paypers

MARCH 21, 2023

The Australian Prudential Regulation Authority has reportedly asked banks to report on transactions involving crypto assets and to provide updates.

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Report Regulation 83

TheGuardian

MARCH 21, 2023

Those at the top need to have skin in the game – and know that risky decisions they make will affect them too Executives at Silicon Valley Bank (SVB) and Credit Suisse took substantial risks. SVB proactively expanded the bank’s deposits, some might say excessively. These depositors were uninsured and undiversified. And back when interest rates were low, the bank invested significantly in US government bonds , which was fine at the time.

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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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The Paypers

MARCH 21, 2023

J.P. Morgan Payments has updated its global platform to allow clients to fund Real-Time Payments using their existing liquidity 7 days a week.

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Payments 69

BankInovation

MARCH 21, 2023

European technology startups nearly doubled the amount of debt they took on last year, leaving them increasingly dependent on financing that may prove harder to come by in the aftermath of Silicon Valley Bank’s collapse. Private tech companies in Europe took out €30.5 billion ($32.7 billion) in debt last year, up from €15.

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Technology Company Fintech 52

FICO

MARCH 21, 2023

Home Blog FICO FICO Survey: Secondary Market Expects Higher Volatility in 2023 FICO pulse survey finds that secondary market wants more information on transition to FICO Score 10 T FICO Admin Tue, 02/18/2020 - 14:57 by Joanne Gaskin expand_less Back To Top Tue, 03/21/2023 - 15:00 FICO recently sponsored the Structured Finance Association’s annual conference on capital markets in Las Vegas, an event that always features insightful guest speakers and draws attendance from a wide range of investors

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Survey Marketing Las Vegas Analytics 52

BankInovation

MARCH 21, 2023

Euro1, one of the largest payment systems in Europe, has migrated to the ISO 20022 messaging standard. For European banking, the transition is a step toward a standardized and efficient payment infrastructure. Euro1 is a real-time gross settlement system operated by EBA Clearing, which processes high-value euro-denominated payments between banks and financial institutions.

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System Payments Operations 52

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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.

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TheGuardian

MARCH 21, 2023

While inflation remains high, traders are now uncertain if Bank of England and US Federal Reserve will hike rates – and how much Central banks on both sides of the Atlantic are facing one of the toughest calls on interest rates in years, as concerns over the worst banking crisis since 2008 cast doubt on the need for further action to reduce sky-high inflation.

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Maine US Marketing Policies 57

BankInovation

MARCH 21, 2023

Starling Bank is hiring for 1,000 tech-related positions for its newest location in Manchester, England. The $14.6 billion, London-based digital bank employs 2,500 people at four locations, including its London headquarters, Cardiff, Southampton and Dublin locations, according to a bank release.

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Digital Banking Mobile Fintech 52

The Paypers

MARCH 21, 2023

The European Central Bank has announced the launch of the new real-time gross settlement (RTGS) system and central liquidity management.

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System Payments Management 68

TheGuardian

MARCH 21, 2023

Investment banking roles expected to be worst hit at Credit Suisse in London Business live – latest updates The fate of thousands of jobs in London’s financial district is in doubt after the emergency merger of Swiss banks UBS and Credit Suisse. The two lenders are yet to spell out in detail what their rushed union may mean for the more than 5,000 Credit Suisse and about 6,000 UBS staff based in London.

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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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BankInovation

MARCH 21, 2023

The swift collapse of Silicon Valley Bank has shaken the banking industry during the past two weeks.

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Community Bank Lending Community Industry 52

The Paypers

MARCH 21, 2023

OCR Labs has been featured in the Federal Reserve ’s FedNow Service Provider Showcase, an online resource that connects FIs looking to adopt and innovate the FedNow Service.

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Resources Innovation Online 36

The Banker

MARCH 21, 2023

Jonathan Chertkow, part of the Hogan Lovells SVB Task Force, recounts the events of the collapse and examines the performance of UK banking regulation.

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Regulation 36

The Paypers

MARCH 21, 2023

Finland-based fintech Enfuce has partnered with neobanking startup Science Card to launch a payments card that is part of an infrastructure for funding scientific research.

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Cards Fintech Payments 36

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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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