Payments Dive
MAY 19, 2023
“For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.
Abrigo
MAY 19, 2023
Does your loan review system meet regulatory expectations? Read more for specific objectives every loan review system should meet. You might also like this webinar, "Return to basics: Asking the right credit risk questions." WATCH Takeaway 1 Loan review officers must figure out how to adhere to the FDIC’s guidance on loan review and credit risk review systems.
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Payments Dive
MAY 19, 2023
Despite that finding, the company noted an independent auditor’s evaluation of the company’s 2022 financial statements “remains unchanged.
Abrigo
MAY 19, 2023
Loan reviewer training and development What might a loan review curriculum look like and how can your financial institution develop good loan reviewers? You might also like this webinar, "Return to basics: Asking the right credit risk questions." WATCH Takeaway 1 Loan review departments often lack funds for training and education, but a shortage of experienced loan reviewers is a challenge for many banks.
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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
CFPB Monitor
MAY 19, 2023
Following recent Senate testimony in which OpenAI CEO Sam Altman proposed additional Congressional oversight for the development of artificial intelligence (AI), Colorado Senator Michael Bennet has re-introduced the Digital Platform Commission Act , a bill that would enable the creation of a federal agency to oversee the use of AI by digital platforms. .
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
MAY 19, 2023
A new ATM jackpotting variant is on the rise in Mexico. How can operators stop it?
BankUnderground
MAY 19, 2023
Ambrogio Cesa-Bianchi, Federico Di Pace, Aydan Dogan and Alex Haberis The recent steep rise in energy prices led to a rise in the price of energy-intensive tradable goods, with inflationary pressures subsequently broadening into services in many economies. Because services are less traded and have little energy input some have suggested this broadening might indicate inflationary pressures becoming more persistent.
TheGuardian
MAY 19, 2023
The first comes as jump in deposits and interest rates drives earnings up 40% to record highs Nationwide will pay £340m directly into customer accounts for the first time, after a jump in deposits and higher interest rates drove annual profits up 40% to record highs. Britain’s biggest building society has tended to use profits to offer better rates on savings, loans and mortgages for its members but on Friday it launched an inaugural programme that will distribute funds directly to customers, ak
The Paypers
MAY 19, 2023
The government of Pakistan has announced that cryptocurrencies will never be legal in the country in a bid to prevent illegal digital currency transactions.
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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
Realwired Appraisal Management Blog
MAY 19, 2023
How would it feel to confidently know what would allow your organization to make the most of its resources and achieve the greatest impact with the least amount of effort? It would be amazing. As valuation professionals, we tend to be risk adverse, which shows up in our resistance to change.
The Paypers
MAY 19, 2023
Global payments and shopping service Klarna has released data that reveals AI, AR, VR, and robots are likely to support and dominate the future shopping landscape.
BankInovation
MAY 19, 2023
Bank of America this week launched its Breakthrough Lab accelerator program for startups to network and gain access to technology support their companies need to scale. The six-month mentorship program follows two previous pilot programs the bank hosted in 2021 and 2022, according to a Bank of America release.
The Paypers
MAY 19, 2023
Dubai-based gaming platform R1SE has partnered identity verification solution provider Shufti Pro to deliver secure gaming services for its customers.
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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
MAY 19, 2023
Home Blog Feed test Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores Pioneer of peer-to-peer lending marketplace in the United States wins FICO ® Decisions Award for Financial Inclusion Fri, 05/12/2023 - 03:41 Saxon Shirley by Nikhil Behl Chief Marketing Officer expand_less Back to top Fri, 05/19/2023 - 12:00 Prosper's New Card a Hit with FICO's Credit Knowhow Prosper , the first peer-to-peer lending marketplace in the United States, has used FICO® Scores for its new Prosper® C
TheGuardian
MAY 19, 2023
Bank of International Settlements also warns US bank failures and cryptocurrencies could reduce trust Central banks risk losing public trust if they fail to bring down high rates of inflation found across the developed world, according to the boss of the body that advises them. Agustín Carstens, the director of the Bank of International Settlements, said central bankers needed to maintain a tough stance against inflation or else risk a new generation of consumers who had never experienced rapidl
The Paypers
MAY 19, 2023
Regtech iDenfy has partnered with DripDropz , a platform providing token dispensing services to the Cardano community, to simplify customer identity verification.
TheGuardian
MAY 19, 2023
Britain’s most valuable fintech firm has criticised regulatory hurdles that it says could drive it abroad Senior government ministers have asked to meet the bosses of Britain’s most valuable fintech firm, Revolut, amid reports that the company’s banking licence application may be refused by UK City regulators. The Guardian understands that the stated intention of the meeting is to discuss the government’s growth agenda but it comes amid a series of complaints from businesses including Revolut ov
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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 19, 2023
US-based crypto solutions provider Ripple has enhanced its CBDC platform to meet the needs of central banks, governments, and financial institutions.
The Paypers
MAY 19, 2023
US-based Stearns Bank has partnered with risk management solutions provider Sardine to augment the former’s fintech programme and address regulatory and compliance requirements.
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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 19, 2023
US-based Splitit has partnered with payment solutions provider Atlantic-Pacific Processing Systems (APPS) to provide an integrated card-based instalment payments solution.
The Paypers
MAY 19, 2023
Payment solutions provider PayTabs has announced a partnership with revenue-based financing platform FlapKap to further the growth of UAE ecommerce merchants.
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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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