Perficient

DECEMBER 1, 2022

Across industries, so much of marketing effectively comes down to timing — appealing to the right person, at the right place, at the right time. Timing for marketing financial services and products as a financial advisor is especially crucial, as many financial needs follow the timeline of milestones in an individual’s life. But financial advisors that work for larger wealth managers and are looking to be more targeted and personalized with client outreach are often burdened by the hoops put in

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Taxes Customer Experience Marketing Compliance 294

Payments Dive

DECEMBER 1, 2022

Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.

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Cards Marketing 244

Gonzobanker

DECEMBER 1, 2022

Moving from a traditional CAPEX model to an “as-a-service” OPEX model could be the key to transforming banks’ ATM/ITM channel. ATMs have changed a bit in the last few years. The latest models resemble something one might see on the floor of a casino rather than the clunker model in the corner. Banks whose fleets resemble more of the latter are probably past due for an upgrade.

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Payments Dive

DECEMBER 1, 2022

The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

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System Payments Cards Company 222

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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

CFPB Monitor

DECEMBER 1, 2022

In conjunction with efforts to forgive federal student debt for certain borrowers, President Biden’s Justice Department recently announced new guidance for its attorneys to use when deciding whether to recommend that a bankruptcy judge discharge an individual’s federal student loans. . The guidance seeks to streamline the process of discharging federal student debt which, unlike other consumer debt, is not automatically discharged through bankruptcy.

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FICO

DECEMBER 1, 2022

Home. Blog. FICO. 4 AI Predictions for 2023: From the Great Correction to Practical AI. A pragmatic approach I call Practical AI will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Scott Zoldi. expand_less Back To Top. Thu, 12/01/2022 - 11:05.

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Payments Dive

DECEMBER 1, 2022

The NFL Zone will be a persistent presence featuring mini-games, virtual tailgating experiences and content from creators.

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CFPB Monitor

DECEMBER 1, 2022

The U.S. Chamber of Commerce has filed a motion for summary judgment in its lawsuit filed in September 2022 against the CFPB challenging the CFPB’s recent update to the Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) section of its examination manual to include discrimination. The other plaintiffs in the lawsuit, which was filed in a Texas federal district court , are American Bankers Association, Consumer Bankers Association, Independent Bankers Association of Texas, Longview Chamber o

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Texas Groups Exercises Community 78

Payments Dive

DECEMBER 1, 2022

Buy now-pay later providers saw increased use during Black Friday, but credit and debit were the top payment methods for online orders.

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Report Online Payments 195

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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

SWBC's LenderHub

DECEMBER 1, 2022

In this two-part blog series, we will cover the history of property valuation process improvements, the challenges the industry faces, and what the Appraisal Qualifications Board is doing to modernize the process for consumers. Over the past two years, the housing market has been on fire. We saw consistent price growth nationwide throughout this time and bidding wars were common.

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Industry Marketing Lending 78

Payments Dive

DECEMBER 1, 2022

The working paper shines a spotlight on BNPL risks just as the payment method lures more consumers amid high inflation.

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Payments 195

CFPB Monitor

DECEMBER 1, 2022

While most attention is focused on the CFPB, state attorneys general are very active in investigating and enforcing state laws relating to consumer financial services (and often federal laws when incorporated into state law or when using their Dodd-Frank authority). We first discuss the CPD’s priorities and how they are determined; use of its state law UDAP authority and available remedies; enforcement of federal law; and collaboration with the CFPB and other state AGs.

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BankUnderground

DECEMBER 1, 2022

Marko Melolinna. Input/output networks are important in propagating shocks in an economy. For understanding the aggregate effects of shocks, it is useful to know which sectors are central (ie, providing a lot of inputs to a lot of other sectors) and how the central sectors are affected by and propagate the shocks to other sectors. In a new Staff Working Paper , my co-author and I build a structural model incorporating key features of the sectoral production input/output network in the UK, and th

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Exercises Study Industry Maine 91

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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

CFPB Monitor

DECEMBER 1, 2022

Earlier this week, we wrote about Verizon’s appeal to the Ninth Circuit from a district court ruling that the bellwether provision in its arbitration clause was unconscionable. Both the U.S. Chamber of Commerce and the California Employment Law Council have filed amicus curiae briefs in support of Verizon’s position that bellwether procedures, which for decades have been used to help resolve complex court litigations, are equally beneficial in mass arbitration situations and not unconscionable.

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TheGuardian

DECEMBER 1, 2022

Officials named on Magnitsky lists as well as criminals can easily access global finance systems, study finds Criminals including terrorists and tax evaders, as well as government officials subject to sanctions, can easily breach regulations meant to bar them from the international finance system, a study has found. Banks and other financial firms around the world, including in the UK, are failing to comply with international anti-corruption rules, according to research by the University of Camb

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Austin Texas Study Taxes 83

CB Insights

DECEMBER 1, 2022

Famous management guru Peter Drucker once said, “Tell me what you value, and I might believe you. But show me your calendar and your bank statement, and I’ll show you what you really value.” The same is true of understanding corporate strategy. FREE DOWNLOAD: BOOK OF STRATEGY MAPS. First name. Last name. Email. Company Name. Job Title. Phone number.

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Strategy Resources Data US 69

TrustBank

DECEMBER 1, 2022

The Federal Open Market Committee (FOMC) is the monetary policy-making body of the Federal Reserve System. The FOMC is composed of 12 members — the seven-member Board of Governors and five members drawn from the 12 regional Reserve Bank presidents. The Chairman of the Federal Reserve — currently Jerome Powell — also serves as the Chair of the FOMC; the six remaining Board members, along with the president of the Federal Reserve Bank of New York, are permanent voting members.

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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.

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BankInovation

DECEMBER 1, 2022

Ryan McInerney will become chief executive of Visa effective Feb. 1, 2023, replacing current CEO Alfred Kelly, who is stepping down from the role he has held since 2016. McInerney has served as president of the credit card giant since 2013. “Ryan has boundless energy and passion for this business and in his role as […].

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Cards US Retail 52

TheGuardian

DECEMBER 1, 2022

UK high street banks are accused of not passing on benefits of money market movements to savers and borrowers Big high street banks stand accused of failing to pass on to customers the recent movements in the money markets that should have improved mortgage and savings rates. Some lenders are offering fixed-rate mortgage deals that are 50%-60% more expensive than those they were selling three months ago – despite the fact the money market “swap rates” that largely determine the pricing of new fi

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BankInovation

DECEMBER 1, 2022

Royal Bank of Canada’s (RBC) fourth-quarter expenses were up year over year, driven by its focus on digitalization and growth in digital usership. WHY IT MATTERS: The $1.4 trillion USD bank attributed the rise in expenses to “[investing] in the business around our application development, our technology costs and providing for our clients,” RBC Chief […].

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Technology Retail 52

American Banker

DECEMBER 1, 2022

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South Carolina 99

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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

BankInovation

DECEMBER 1, 2022

Rising inflation and the increasing likelihood of a recession are contributing to many peoples’ economic anxieties – and enabling criminals to recruit money mules into their money laundering operations. According to the newest report from Feedzai, The State of Global Anti-Money Laundering Compliance, 74% of surveyed global banks said money mules were the most common […].

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American Banker

DECEMBER 1, 2022

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Data Cyber Security Security Technology 98

The Paypers

DECEMBER 1, 2022

UK-based Hodge Bank has joined forces with LexisNexis Risk Solutions to automate customer onboarding and integrate AML screening and transaction monitoring.

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American Banker

DECEMBER 1, 2022

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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