Payments Dive
FEBRUARY 12, 2021
The holiday online shopping trend jumped from over 13% in 2019, to nearly 20% in 2020, according to Mastercard. Jordan Reynolds leads the e-Commerce and Marketplace verticals at Ekata. He shares data and insight on how 2020 may have changed shopping forever
Perficient
FEBRUARY 12, 2021
My previous blog covered how HR and technology can help improve your employee engagement through artificial intelligence. This blog explores how leadership can help kick off their commitment from the new hire’s onboarding stages. The passage from a candidate to employee is a momentous occasion for both the worker and the employer. Helping bridge the transition is the onboarding process.
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Accenture
FEBRUARY 12, 2021
The small-to-medium enterprise (SME) market is broad and often needs hand-holding, making it a difficult market for banks to serve profitably. COVID-19 complicates this reality, as SMEs need banks more than ever. To help, we published a research report called Bank of the Profitable SME Base that outlines strategies for banks that are looking to…. The post Four balancing acts that will unlock commercial banks’ SME business appeared first on Accenture Banking Blog.
Abrigo
FEBRUARY 12, 2021
Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . 2023 CECL Deadline? Steps to Take This Year WATCH Webinar. Takeaway 1 "Analysis paralysis" and the pandemic have put CECL on the backburner for many CFIs. Takeaway 2 CFIs getting started with CECL should consider possible partnerships and assess their data.
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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
Payments Source
FEBRUARY 12, 2021
Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in bitcoin, expanding a campaign to promote cryptocurrencies.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
FEBRUARY 12, 2021
Fraudsters are continuing to take advantage of the COVID-19 pandemic to exploit online shopping, curbside delivery and unemployment, according to Visa.
BankInovation
FEBRUARY 12, 2021
Bank Automation News breaks down automation-specific job postings by the nation’s biggest banks to glean current growth strategies for bank automation. PNC is seeking to boost automation expertise in its retail banking technology group, as a recent job posting on the bank’s website revealed. PNC, with $466.7 billion in assets, is advertising for a software […].
Payments Source
FEBRUARY 12, 2021
The company is bringing more sports betting sites onto its platform for accepting cash payments for digital sellers.
BankInovation
FEBRUARY 12, 2021
This week, Bank Automation News unveils its newest cohort of startups that bring global talent and ideas to Fintech Discovery, the publication’s marketing accelerator, along with an overview of the cohort’s five companies and the value proposition they bring to the financial services sector. This week BAN also spoke with Jason Park, president of U.S. […].
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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
FEBRUARY 12, 2021
The Eleventh Circuit has joined the Second, Sixth, Seventh, Eighth, and Ninth Circuits in rejecting administrative feasibility as a prerequisite for class certification. The decision reverses unpublished Eleventh Circuit authority and deepens a circuit split with the First, Third, and Fourth Circuits on the issue. In Cherry v. Dometic Corporation , 18 owners of gas-absorption refrigerators manufactured and sold by Dometic Corporation sued the company over alleged product defects.
BankInovation
FEBRUARY 12, 2021
Mike Cagney’s blockchain lending startup Figure Technologies Inc. plans to raise $250 million through a new blank-check company, according to an SEC filing. The special purpose acquisition company, or SPAC, is called Figure Acquisition Corp. I and is sponsored by an affiliate of Figure’s dubbed Fintech Acquisition LLC. Ellington Management “owns a significant economic interest” […].
American Banker
FEBRUARY 12, 2021
As the bureau writes data-sharing rules, the third-party firms that work with fintechs say oversight by the agency would be more efficient — and better for consumers — than being policed by their bank partners.
Payments Source
FEBRUARY 12, 2021
PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.
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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.
American Banker
FEBRUARY 12, 2021
Nineteen of the nation's largest banks must show how they'd withstand pressures in the commercial real estate and corporate debt markets that would accompany a severe global recession.
BankInovation
FEBRUARY 12, 2021
Anti-money laundering and fraud solution provider Nice Actimize announced a new artificial intelligence-driven tool Thursday that it claims will reduce false positives when conducting anti-money laundering (AML) screening on potential customers. False positives account for roughly 99% of alerts when screening against a sanctions list for AML, said Adam McLaughlin, global head for strategy and […].
Payments Source
FEBRUARY 12, 2021
Mike Cagney’s blockchain lending startup Figure Technologies plans to raise $250 million through a new blank-check company, according to an SEC filing.
American Banker
FEBRUARY 12, 2021
A plan to make expansion easier for credit unions is getting pushback not just from bankers, but also from the regulator's current chairman and a former board member.
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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.
MyBankTracker
FEBRUARY 12, 2021
Homeowners insurance in Ohio is a policy that protects your home in the event of a loss. Your home is your biggest asset, yet a lot of things can threaten it. There’s the risk of a burglary, and other events like a storm or fire can cause damage. Homeowners insurance helps replace your belongings and repairs your home after a covered peril, but it isn’t one-size-fits-all.
American Banker
FEBRUARY 12, 2021
Banks have diverted resources from traditional Small Business Administration lending to make Paycheck Protection Program loans, but many are taking steps to rev up 7(a) and 504 lending once the PPP winds down.
MyBankTracker
FEBRUARY 12, 2021
Founded in 1925, the Erie Insurance company is a Fortune 500 company with over 5 million policies in place. The founders’ vision was to provide excellent customer service at a great price. Overview. Currently, Erie holds to this promise by employing a large network of independent agents while keeping prices extremely competitive. As a result, the insurer has grown substantially while maintaining a reputation for excellence in customer service.
American Banker
FEBRUARY 12, 2021
PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.
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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 12, 2021
Top three Canadian universities have published their proposals regarding a digital currency model, as part of Bank of Canada (BoC) ’s foray into CBDCs.
American Banker
FEBRUARY 12, 2021
Mike Cagney’s blockchain lending startup Figure Technologies plans to raise $250 million through a new blank-check company, according to an SEC filing.
The Paypers
FEBRUARY 12, 2021
Deutsche Payment and WL Payments have announce their partnership in combining Deutsche Payment’s expertise and WL Payments’ technology to service the German market.
American Banker
FEBRUARY 12, 2021
Big banks, Big Tech face off over interchange fees; majority of Paycheck Protection Program loans going to second-time borrowers; debate on the next OCC chief has glossed over flaws in the agency’s funding structure; and more from this week’s most-read stories.
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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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