Wed.Aug 03, 2022

PayPal takes new direction with Elliott

Payments Dive

The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company

Fed Pushes Back on Thoughts of a Dovish Pivot

South State Correspondent

Fed Pushes Back on Thoughts of a Dovish Pivot. Yesterday, a pair of Fed officials firmly pushed back on the notion that Fed Chair Powell’s comments after last week’s 75bps rate hike represented something of a pivot to a more dovish Fed in upcoming meetings.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

B2B drives Q2 payments growth: Nacha

Payments Dive

Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said

Insurtech capital markets: the ultimate progress indicator

Daily Fintech

Last few months have seen private market investors pouring capital into promising insurtech startups, while the public markets sent the value of recently public insurtech companies lower and lower. The decline in the value of public insurtech unicorns has been an oft-repeating theme.

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

How old habits are the 4-letter word in your growth progress

Accenture

Muscle memory is the enemy of innovation. When it comes to transformations, process optimization is often under-valued by auto and equipment finance organizations as they implement a modern core or move their data and applications to the cloud. Adam Little and I think that’s a mistake.

More Trending

House Committee Passes the Overdraft Protection Act

CFPB Monitor

On July 28, the U.S. House Committee on Financial Services passed H.R. 4277, the Overdraft Protection Act. Introduced by Congresswoman Carolyn B.

PayPal, SoFi increase tech spend YoY in Q2

BankInovation

PayPal Holdings increased its technology and development spend while focusing on talent acquisitions in the second quarter. The payments company’s tech and development spend climbed 9% year over year, reaching $815 million in Q2, according to the earnings release. “We

DOJ and CFPB send notification letter to auto finance companies regarding SCRA protections

CFPB Monitor

On July 29, 2022, the Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) issued a notification letter (the “joint letter”) to “remind” auto lenders and leasing companies of the protections provided to servicemembers and their dependents under the Servicemembers Civil Relief Act (SCRA).

The Heart of It: People-Inspired Innovation | Fintalk

Strategically Speaking

By now, I hope you’ve heard the news! This week, we announced that Jack Henry™ will now be going to market as one brand – one company – as we focus on strengthening the connections between people and their financial institutions. Simply put, we are putting people at the heart of everything we do

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

SoFi's CEO says there is no 'better time' to be a bank

American Banker

Fintech Deposits Earnings

FTC settles Section 5/ROSCA claims alleged against payment processor providing services to small businesses

CFPB Monitor

Texas 78

Equifax says consumer credit scores changed in computer error

American Banker

Consumer lending Industry News Consumer banking

FDIC Updates Enforcement Manual for Cease-and-Desist Actions

CFPB Monitor

On July 25, 2022, the FDIC issued Financial Institution Letter (FIL)-34-2022 announcing updates to Chapters 1 and 4 of its Formal and Informal Enforcement Actions Manual (Manual). The Manual includes updates to the minimum standards for the FDIC’s termination of cease-and-desist and consent orders.

FDIC 78

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

Latest global banking news

American Banker

Fintech Payments

Accounting And Cyber Security Highlight The Summer Regulatory Season

New York's State of Mind

I have some depressing news for you all: It’s August, which means that before you know it, it will be September, and all those things that you have been putting off until the fall will have to get accomplished. On that inspiring note, there are some recent developments that I wanted to make you aware […]. Compliance Regulatory 72 hours accounting cyber incident data breach FASB TDR

Pentagon Federal Credit Union kicks growth into overdrive

American Banker

Credit unions Community banking Growth strategies

Transactions: Banks and credit unions choose Fiserv’s Mobiliti

BankInovation

The following banks and credit unions in June selected Mobiliti from Fiserv’s mobile banking platform, according to a report provided to Bank Automation News by banking data and analytics platform FI Navigator: $18.9 million Blue Water Federal Credit Union, based in Port Huron, Mich.;

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.

Washington shrugs off report of Chinese informants at the Fed

American Banker

Monetary policy Politics and policy

Arvest Bank taps Google Cloud for CX

BankInovation

Arvest Bank is kickstarting a full-scale digital transformation with a new five-year strategic partnership with Google Cloud. The tech giant is looking to speed operations for the $26 billion community bank. “[T]he

How PayPal's trying to reverse its long stock slump

American Banker

Payments

Fraud Ideas from FICO World 2022 – and Excitement for 2023!

Fico Collections

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Wed, 08/03/2022 - 12:40.

A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

Understand how to mitigate risk & protect the interest of all parties with this exclusive, must-have guide outlining important issues for commercial construction lending & best practices.

CFPB should write a data sharing rule that can evolve with the market

American Banker

Data sharing Regulation and compliance Consumer banking

Data 47

AI Governance: A Critical Component of Corporate ESG Initiatives

Fico Collections

AI Governance: A Critical Component of Corporate ESG Initiatives. Helping organizations navigate the often-challenging implementation of Responsible AI as part of ESG efforts. Saxon Shirley. Thu, 05/12/2022 - 10:29. by Scott Zoldi. expand_less Back To Top. Wed, 08/03/2022 - 08:00.

4 things bankers need to know about phishing

American Banker

Phishing Fraud Technology

Fraud 46

How Banking CIOs Can Deliver Data-Driven Intelligence at Scale

Fico Collections

How Banking CIOs Can Deliver Data-Driven Intelligence at Scale. With a focus on data-driven digital transformation, how do IT teams deliver differentiated value and increase customer satisfaction directly from technology investments? Thu, 08/22/2019 - 12:37. by Richard Lagerweij.

CMBS Lending on the Rise: Uncover 10 Common Myths of Securitized Lending

CMBS Lending is an established and growing industry that is, once again, rising to the top as a significant source of permanent loan financing. Learn the truth about CMBS lending and why it might be the best financing solution.