Jack Henry
MAY 20, 2021
Merriam-Webster's Dictionary defines ‘integrated receivables’ as the aggregation, validation, and normalization of payment data to…wait no, I am not going to start there. Defining a perspective concept is much like trying to hold the wind in your hand; as soon as you think you have it, it has already moved on. Integrated receivables, like most modern-day concepts, is rooted in anticipating unpredictability rather than refined processes.
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FluentBanking
MAY 20, 2021
Even in this amid COVID pandemic IBB has not stopped from taking a banking diploma a professional banking exam. It helps the bankers in a variety of ways from getting knowledge to get promoted. Presently most of the banks making this exam mandatory to pass. On May 04,2021 IBB has published the result of the 91st banking diploma and also published the timetable for the 92nd banking diploma.
BankInovation
MAY 20, 2021
The U.S. is seven months out from testing the FedNow Service, the Federal Reserve’s real-time payments rail, and now is the time for banks to prepare. The question is: How? The FedNow pilot project launched in January of this year. Pilot participants, which include big banks like Citi, JPMorgan Chase and Wells Fargo & Co., […].
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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 20, 2021
On May 17, 2021, the Consumer Financial Protection Bureau (“CFPB”) announced that it entered into a proposed settlement of its lawsuit filed in a Massachusetts federal district court against debt settlement company DMB Financial, LLC (“DMB”), alleging that the company engaged in deceptive acts or practices in violation of the Telemarketing Sales Rule (“TSR”) and the Consumer Financial Protection Act (“CFPA”).
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
MAY 20, 2021
CB Insights
MAY 20, 2021
DailyPay , an on-demand pay service, has raised $175M in a Series D with participation from Carrick Capital and RPM Ventures, among others. The company also received $325M in a line of credit. How’s the company performing? New York-based DailyPay is a on-demand pay platform that allows employees to get instant access to their wages and is compatible with HR payroll systems.
CB Insights
MAY 20, 2021
Extend , a technology platform that allows businesses to offer product warranties has raised $260M in a Series C with participation from SoftBank Group, Meritech Capital Partners, GreatPoint Ventures, and PayPal Ventures, among others. How’s the company performing? San Francisco-based Extend provides an integrated API at the point-of-purchase that allows merchants to offer extended warranty and protection plans.
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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
CFPB Monitor
MAY 20, 2021
With the U.S. Treasury Department now completing the process of issuing the third round of EIPs, financial institutions must navigate a maze of federal and state garnishment protections. After looking at the protection provided by the three federal pandemic relief laws, we discuss the actions states have taken to protect EIPs and offer our thoughts on the approach banks should take when responding to garnishment orders and analyzing the impact of state laws, executive orders, guidance, and dire
ATM Marketplace
MAY 20, 2021
With ATX core security in the ATX4.4 version we added some new and excitement features which allows any financial institution or any ATM network to reinstall the full ATM and get it back in to production without human interaction.
FICO
MAY 20, 2021
I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. The two scores will allow banks to better differentiate strategies to deal with these distinct financial crime realities.
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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 20, 2021
In my Financial Crimes Predictions 2021: More AI & Ransomware post , I talked about how banks will move to operationalize their Anti-Money Laundering (AML) compliance programs to achieve greater efficiencies and how robotic process automation (RPA) adoption will drive the paradigm shift. RPA is essential for this transformation to achieving efficiency by automating repetitive, high-volume processes with many manual tasks and data collection and thus allow their human resources to focus on other
BankDeals
MAY 20, 2021
Northern Skies Federal Credit Union (Alaska) now offers its product line, including the competitive Peak Rewards Checking account, on a statewide basis.
The Paypers
MAY 20, 2021
UK-based startup Uncapped has raised an USD 80 million funding round of debt and equity to launch a suite of banking services tailored to the needs of tech-driven companies.
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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 20, 2021
Paysafe has announced that the Skrill USA digital wallet has unveiled a virtual version of its existing Skrill Visa Prepaid Card.
ABA Community Banking
MAY 20, 2021
Banks and credit unions are the most trusted financial institution, according to a new survey released this morning by Morning Consult, with 61% of consumers saying they “naturally trust banks.”. The post Morning Consult: Banks Most Trusted Among Financial Providers appeared first on ABA Banking Journal.
The Paypers
MAY 20, 2021
Australia-based fintech Airwallex has launched its online card payment acceptance solution in Hong Kong.
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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 20, 2021
Taurus , a digital asset infrastructure provider, has adopted GMEX trading technology to support the Taurus Digital eXchange (TDX), its independent regulated marketplace for digital assets.
The Paypers
MAY 20, 2021
US-based Virtusa has unveiled new partnerships with Sedicii and Custodigit to help banks succeed in their digital transformation.
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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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