Perficient

AUGUST 18, 2022

Financial Advice Isn’t Just For The Wealthy. Oftentimes, when we think of financial advisors, the upper class and those planning for retirement are first to come to mind. In fact, in a survey conducted by MagnifyMoney , 42% of respondents (notably, 48% of women and 35% of men surveyed) indicated they believe financial advisors are “only for wealthy people,” and 25% of respondents indicated they don’t see the need for a financial advisor for those younger than middle-aged.

Millennials 473

Millennials Tools Management Strategy 473

Payments Dive

AUGUST 18, 2022

With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far.

Payments 433

Payments Retail 433

BankUnderground

AUGUST 18, 2022

Iryna Kaminska and Haroon Mumtaz. Since 2009, when policy rates reached their effective lower bound, quantitative easing (QE) has become an important instrument of central bank monetary policy. It is aimed to work via long-term yields. The literature confirms that QE helped lower long-term yields. But the yields have two components – expectations and term premia – and open questions remain: does QE reduce yields via expected rates or term premia ?

Policies 123

Policies Maine Analysis Meeting 123

Payments Dive

AUGUST 18, 2022

Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power.

Cards 243

Cards Survey Payments 243

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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

Lending

SWBC's LenderHub

AUGUST 18, 2022

As of March 18, 2022, Nacha’s account validation rule requires ACH originators of WEB entries to use a commercially reasonable fraud detection system to verify the first time a consumer checking account is used for an electronic (ACH) payment, if the payment is initiated over an online channel, the account number must be validated first. WEB debit entries, by definition, are debits to consumers’ accounts where authorization is communicated via the internet or a wireless network.

Risk Management 78

Risk Management Fraud Management Examples 78

CFPB Monitor

AUGUST 18, 2022

In our discussion of regulatory challenges, we consider the continuing impact of “true lender” challenges on bank-nonbank partnerships, how regulators approach industry innovation, and whether regulators should face stronger challenges from industry (including what the SCOTUS EPA decision could mean for such challenges). In our discussion of economic challenges, we consider the impact of inflation and recession fears on bank activity.

Regulation 78

Regulation Industry Innovation Groups 78

Payments Dive

AUGUST 18, 2022

The companies are the latest payments firms to announce a CFO change as the sector faces macroeconomic headwinds.

Payments 195

Payments Company 195

TheGuardian

AUGUST 18, 2022

A state-backed ‘deficit tariff scheme’ supported by banks would freeze energy bills at their current rate What are the suppliers proposing for energy bills and will it work? The energy industry has united behind a plan to set up a crisis fund that could prevent bills from soaring next year and provide a lifeline for households struggling with the cost of living.

Industry 84

Industry National 84

The Paypers

AUGUST 18, 2022

US-based Ripple , a provider of enterprise blockchain and cryptocurrency solutions, has announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil in partnership with Travelex Bank.

cryptocurrency 83

cryptocurrency blockchain Payments US 83

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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

Report

FICO

AUGUST 18, 2022

Home. Blog. FICO. Financial Wellness: How Banks Can Help Their Customers. What can banks do to assist consumers with their financial health – and can this be profitable? FICO. Wed, 09/09/2020 - 15:36. by FICO. expand_less Back To Top. Thu, 08/18/2022 - 08:40. Financial wellness is a complex topic with many layers. It encompasses several important aspects of a person’s life – including financial security, financial resilience, financial control, and financial freedom.

Analytics 52

Analytics Data US Management 52

The Paypers

AUGUST 18, 2022

Philippines-based ecommerce app PayRemit has signed an agreement with IDnow Middle East to provide automated identity verification for the onboarding of PayRemit customers.

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BankInovation

AUGUST 18, 2022

Digital mortgage solutions provider Promontory MortgagePath announced the appointment of John Gust as director of product management. Gust will continue the company’s human-centric approach to technology to ensure its tools enhance rather than supplant the direct interaction between loan officers and customers, he told Bank Automation News. “Our development focus has largely been on enhancing […].

Tools 52

Tools Management Technology 52

The Paypers

AUGUST 18, 2022

UK-based digital payment platform Wirex has facilitated users to top-up and withdraw from their accounts with the addition of SEPA Instant and Faster Payments.

Payments 74

Payments 74

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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

BankInovation

AUGUST 18, 2022

The Seymour Bank announced today that it will leverage Teslar Software to increase automation within its lending and customer experience platforms to boost efficiencies for bank clients and employees. The software, which helps community financial institutions to integrate automated workflows, will be used at the bank to track documentation, monitor exceptions, enhance the digital customer […].

Software 52

Software Customer Experience Lending Community 52

The Paypers

AUGUST 18, 2022

Netherlands-based fintech Adyen has rolled out its first in-house designed terminals to facilitate diverse payment use cases.

Fintech 73

Fintech Payments 73

BankInovation

AUGUST 18, 2022

Armed Forces Bank announced Monday it is working with the U.S. Army’s Partnership for Your Success (PaYS) program to provide technology training for military veterans looking to enter the banking and finance industries. The $1.6 billion bank is offering a digital certification program that covers tech-related instruction on automations such as digital banking enrollment, chat […].

Training 52

Training Digital Banking Industry Technology 52

The Paypers

AUGUST 18, 2022

US-based Banking-as-a-Service (BaaS) platform Unit has partnered with digital-first bank Thread Bank.

US 68

US 68

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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.

US

The Banker

AUGUST 18, 2022

There is a question mark over whether European open banking regulations really favour innovation, with the Asian approach potentially showing a better way forward. Analysis by Mathilde Guilhon of ESCP Business School.

Regulation 36

Regulation Analysis Innovation 36

The Paypers

AUGUST 18, 2022

US-based fintech PayPal has added cryptocurrency features to its mobile app. Starting from 15 August, the application users can buy, sell, and transfer several cryptocurrencies.

cryptocurrency 41

cryptocurrency Fintech US Mobile 41

American Banker

AUGUST 18, 2022

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The Paypers

AUGUST 18, 2022

The Iranian finance ministry's banking and insurance department has declared that Iran could join Mir payment system within months, according to Al Mayadeen.

System 41

System Payments 41

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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.

Compliance

American Banker

AUGUST 18, 2022

Payments 87

Payments 87

The Paypers

AUGUST 18, 2022

UK-based fintech startup Super Payments has announced it raised GBP 22.5 million in one of the largest pre-seed funding rounds in Europe, to provide free online payments to businesses and rewarding shopping cashback to customers.

Payments 36

Payments Fintech Online 36

American Banker

AUGUST 18, 2022

Virginia 78

Virginia Community Bank Community 78

The Paypers

AUGUST 18, 2022

Brazil-based fintech TecBan has partnered with Mexican personal finance management (PFM) fintech Finerio to offer new solutions to Open Finance participants, according to latamfintech.co.

Fintech 36

Fintech Management 36

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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