Perficient

OCTOBER 26, 2022

Inflation reached a forty-one-year high in June , and according to the Consumer Price Index, prices have remained elevated. Many are struggling to make their dollars stretch and are looking to their financial institutions for guidance on how to better manage spending and stay afloat financially. Financial firms cannot singlehandedly control inflation, of course, but they can position themselves as knowledgeable partners that customers can depend on to be in their corner.

Data 275

Data Tools Training Cards 275

Payments Dive

OCTOBER 26, 2022

The central bank governor equated the nascent system with an interstate highway on which private companies will provide "on-ramps" and "off-ramps.

System 221

System Company 221

South State Correspondent

OCTOBER 26, 2022

Help us, help you. It is budget and strategic planning season, and many banks have asked for this data in order to help calibrate their bank. We are asking about your expected budgets, views on the economy, prospects for growth, and the most significant challenges. We are looking for your thoughts on the future of banking. The below survey sets out to answer these questions and more… with your help!

Survey 195

Survey US Analysis Data 195

Payments Dive

OCTOBER 26, 2022

The bureau's chief, Rohit Chopra, laid out the timeline this week for a rule change meant to make it easier for consumers to break up with their banks.

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221

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

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TheGuardian

OCTOBER 26, 2022

Bank had been forecast to report slight fall in earnings but key revenues increased by almost 60% A rise in borrowing costs for mortgage and loan customers, as well as the recent market meltdown, has helped Barclays increase key revenues and push its latest quarterly profits higher to £2bn. The UK bank, which had been expected to reveal a slight dip in earnings, said pre-tax profits instead rose 6% in the three months to the end of September.

Taxes 98

Taxes Marketing Report 98

CFPB Monitor

OCTOBER 26, 2022

The CFPB recently issued an advisory opinion to consumer reporting companies about their obligation to prevent obviously false “junk data” from appearing on consumers’ credit reports. The opinion states that companies must take steps to reliably detect and remove logically inconsistent data from consumers’ credit reports such as information that is obviously impossible.

Report 78

Report Data Policies Examples 78

Payments Dive

OCTOBER 26, 2022

While the financial services company’s third-quarter income rose over the year-earlier period, net earnings sagged. Synchrony also increased credit loss provisions.

Company 195

Company 195

CFPB Monitor

OCTOBER 26, 2022

Opportunity Financial LLC (OppFi) has filed a cross-complaint against the Commissioner of California’s Department of Financial Protection and Innovation (DFPI), asserting that the DFPI’s reliance on the so-called “true lender doctrine” in order to subject OppFi to interest rate limitations under the California’s Financing Law (CFL) constitutes adoption and enforcement of an “underground regulation”, which is impermissible under California’s Administrative Procedure Act (APA).

Regulation 78

Regulation California Meeting Innovation 78

Payments Dive

OCTOBER 26, 2022

Count the card company among those that added to credit loss provisions in the third quarter as economic conditions soured.

Cards 221

Cards Company 221

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Lending

TheGuardian

OCTOBER 26, 2022

Never mind Tufton Street, our first investment banker prime minister shows that the Square Mile truly rules Westminster It has been a week of firsts in British politics. The country has rightly celebrated the fact that it has its first Asian-heritage and Hindu prime minister. A rather less noted milestone, however, is that Britain also has its first investment banker PM.

US 76

US System 76

The Paypers

OCTOBER 26, 2022

India-based Flipkart has considered raising USD 2 to 3 billion at a valuation of more that USD 40 billion to expand its product range in India, according to sources cited by Mint.

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68

BankInovation

OCTOBER 26, 2022

LAS VEGAS — The Consumer Financial Protection Bureau (CFPB) is planning to propose a new rule in 2023 requiring financial institutions to share consumer data upon consumers’ requests, CFPB Director Rohit Chopra said Tuesday at Money 20/20 in Las Vegas. As more financial institutions adopt open banking and data-sharing becomes the norm, a new rule […].

Las Vegas 52

Las Vegas Data 52

The Paypers

OCTOBER 26, 2022

UK-based Mailchain has added a new functionality that allows its users to create a Web3 email inbox with their personalized.eth address.

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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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BankInovation

OCTOBER 26, 2022

Google added more than 12,000 employees in the third quarter, with around 2,600 solely focused on its cloud platform security. The company in March acquired cybersecurity firm Mandiant for $5.4 billion, and the cloud-based employee additions will help integrate new features into the Google Cloud platform, according to a company release. Google reported for Q3: […].

Google 52

Google Security Report Company 52

FICO

OCTOBER 26, 2022

Home. Blog. FICO. America’s AI Bill of Rights is the Right Idea – and It’s About Time. The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. FICO Admin. Thu, 08/22/2019 - 12:37. by Scott Zoldi. expand_less Back To Top. Wed, 10/26/2022 - 15:00. It’s been a couple of weeks since the White House released its Blueprint for an AI Bill of Rights , a 73-page handbook that was promptly, and probably predictably, pilloried with headlines like, “ Biden’s

Handbook 52

Handbook Analytics San Diego Regulation 52

BankInovation

OCTOBER 26, 2022

First Pryority Bank selected Teslar Software to automate workflows as the bank continues on a path of expansion. The $315 million Pryor Creek, Okla.-based bank will be able to track exceptions, upload documents and automate workflows that previously required manual effort, according to a Teslar release. “Teslar’s technology, starting with pipeline and exceptions management tools, […].

Software 52

Software Tools Management Technology 52

The Paypers

OCTOBER 26, 2022

US-based fraud management platform Riskified has partnered with payments company Novatti to provide more secure payment solutions.

Security 69

Security Payments Fraud US 69

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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.

Lending

The Banker

OCTOBER 26, 2022

Decentralised finance is one of the most difficult areas of crypto to regulate and could pose systemic risks if it becomes deeply embedded in the traditional financial system, central bankers warned. By Justin Pugsley.

System 36

System Regulation 36

The Paypers

OCTOBER 26, 2022

Neem , a Pakistan-based embedded finance platform, has joined hands with BPC to develop its embedded finance technology stack.

Technology 69

Technology 69

American Banker

OCTOBER 26, 2022

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73

The Paypers

OCTOBER 26, 2022

Payment platform Alipay and digital payment provider WeChat have launched a feature that permits inter-platform transfers.

Payments 64

Payments 64

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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

American Banker

OCTOBER 26, 2022

Digital Banking 69

Digital Banking Fintech 69

The Paypers

OCTOBER 26, 2022

Netherlands-based fintech company Floryn has raised a total of EUR 65 million in financing from NatWest.

Fintech 69

Fintech Company 69

American Banker

OCTOBER 26, 2022

Industry 69

Industry 69

The Paypers

OCTOBER 26, 2022

A study by 451 Research commissioned by Discover Global Network has identified trends shaping the fintech ecosystem: connected commerce, Open Banking, embedded finance, and real-time payments.

Fintech 48

Fintech Study Trends Payments 48

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