Mon.Mar 14, 2022

article thumbnail

Shift to green could be worth trillions for banks

Accenture

It’s important but not critical. That’s been the dominant narrative around sustainability. Until now, that is. There seems to be a definite shift to changing this narrative, a shift that could be worth trillions of dollars to the banking industry. In 2007, Google famously became the first major company to be carbon neutral. According to…. The post Shift to green could be worth trillions for banks appeared first on Accenture Banking Blog.

Google 460
article thumbnail

CFPB's Chopra blasts potential card hikes

Payments Dive

In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation. He noted new fintech tools could ultimately be a benefit if they add competition.

Cards 435
Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Key Components That All Loan Administration Software Should Have

Abrigo

Loan administration is a critical element for the safety and soundness of an institution. While the sophistication of loan administration software will depend on the size of the institution and the complexity of its portfolio, some functions should be integrated: 1. Accessibility of data for loan officers, managers and potentially external loan review personnel.

Software 195
article thumbnail

Frictionless checkout tech startup AiFi raises $65M

Payments Dive

The frictionless checkout technology provider plans to use the funds, which it raised from investors including Aldi South Group, to expand its technical staff and more quickly put its gear into grocery stores, sports venues and universities.

Groups 259
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Bank earnings call highlights: Q4 2021

Accenture

Credit card receivables & purchase volume YoY growth: 4Q21 Earnings call commentary Growth “Consumer activity remains strong with credit sales up in the Q4 YoY. Our beauty and jewelry verticals remain the frontliners with holiday sales up more than 30% in each category. We saw particular improvement among millennials and Gen Z with spending and transaction activity during the….

More Trending

article thumbnail

Investors Await Wednesday’s FOMC Meeting

South State Correspondent

Investors Await Wednesday’s FOMC Meeting. The FOMC meeting that concludes on Wednesday afternoon has the market’s attention, even though a 25bps rate hike is a foregone conclusion. The real focus for investors will be in the forecast for further rate hikes this year, and the updated economic forecast with inflation and GDP key items of interest in the wake of the war in Ukraine.

Meeting 195
article thumbnail

Market Commentary: Week of March 14, 2022

SWBC's LenderHub

Last Week. Last week was marked, once again, by extreme volatility. The violence of Russia’s war in Ukraine intensified while sanctions against Russia and its major industries continued to ramp up.

Marketing 148
article thumbnail

BMO deploys multicloud on AWS and Azure

BankInovation

The Bank of Montreal is on a digital journey that it measures beyond the traditional cost-related key performance indicators (KPIs). The $805.9 billion bank focuses on measurements like talent rescaling and automation capacity, Victor Tung, U.S. chief technology and operations officer and chief information and operations officer, BMO Capital Markets, said during a panel discussion […].

Capital 98
article thumbnail

FinTech, Cirdan Capital Selects Axia by Profile to advance their operations

Bobsguide

Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform. This partnership will give Cirdan Capital the ability to provide its clients – Investment Professionals, Private Banks, Wealth Managers and Family Offices – with advanced technology capabilities that

Capital 78
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

By the Numbers: BMO Harris and Chase among most-imitated brands in phishing attacks

BankInovation

Phishing surpassed vulnerability exploitation as 2021’s top fraud vector, with big banks among the most imitated brands. On a list of the top 11 most-spoofed companies in phishing attacks, BMO Harris and Chase came in at fourth and fifth, respectively, according to a recent report from technology consultancy IBM. June 2021 saw the highest number […].

article thumbnail

It’s Déjà Vu All Over Again from Professor Sovern

CFPB Monitor

A recent blog by Professor Jeff Sovern, occasioned by the recent Senate hearing on consumer arbitration clauses, recycles two of his favorite talking points: (1) consumers don’t understand arbitration clauses, and (2) consumers only benefit from post-dispute, not pre-dispute, arbitration. We’ve heard it all before, and our previous responses to his earlier iterations of those same arguments have stood the test of time.

Study 78
article thumbnail

DocuSign’s CEO strives to prove growth beyond pandemic boom

BankInovation

DocuSign Inc. Chief Executive Officer Dan Springer is retraining his sales team and hiring a new leader in the division, seeking to mitigate a swift decline in demand for the company’s electronic-signature software. DocuSign’s product became a vital lifeline for businesses, consumers and governments when the pandemic hit in early 2020, turning the company into […].

article thumbnail

Without ECIP Fix, Many Eligible CDFIs, MDIs Will Be Left Out of Key Investment Opportunity

ABA Community Banking

Time is running out for the Federal Reserve to make a simple but critical fix to ensure infusions of funds reach disadvantaged communities. The post Without ECIP Fix, Many Eligible CDFIs, MDIs Will Be Left Out of Key Investment Opportunity appeared first on ABA Banking Journal.

article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Desktop and Hybrid Appraisals: A Digital Revolution for Lenders

SWBC's LenderHub

In January 2022, Fannie Mae announced they will be accepting remote desktop appraisals for eligible loan transactions.

Lending 78
article thumbnail

Income and employment verification technology provider Argyle raises $55M. Argyle competitors include Atomic, Pinwheel, Sterling, Wage, Truework, Accurate Background, and Finch.

CB Insights

Argyle , an employment data platform, has raised $55M in a Series B that drew participation from SignalFire, Bain Capital Ventures, and Bedrock Capital, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy

article thumbnail

What Can a HELOC do for You? A Guide for VT & NH Homeowners

Ublocal

Homeownership has long been considered part of the American dream. The conventional wisdom is that owning is better than renting, mainly because of the concept of building home equity through ownership. As a homeowner, there may be times when you question the advantages of ownership as you calculate the annual amounts you spend on property taxes, home repairs, homeowners’ insurance, and mortgage payments.

article thumbnail

Europe-based engineering recruitment platform raises $10M. Circular.io competitors include TripleByte, Toptal, Turing, and Vettery.

CB Insights

Circular.io , a job platform for developers, has raised $10M in seed funding from All Iron Ventures, Kibo Ventures, Kima Ventures, LocalGlobe, Point Nine Capital, and Shilling VC, among others. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in 2021. First name. Last name.

Trends 62
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

Revolut launches payment services for Ukrainian refugees

The Paypers

Revolut has launched payment services to refugees, regardless of nationality, fleeing Ukraine following the Russian invasion, the company states in a blogpost.

article thumbnail

AI-driven recruiting software provider Findem raises $30M. Findem competitors include SeekOut, hireEZ, Sense, Fetcher, AllyO, and HiringSolved.

CB Insights

Findem , an AI-driven recruiting platform, has raised $30M in a Series B. The round drew participation from Wing Venture Capital, Quarry Capital Management, and Four Rivers Group. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop

article thumbnail

'You can hear the bombs': A fintech developer's life in Ukraine

American Banker

Fintech 101
article thumbnail

MX partners with University of Wisconsin Credit Union

The Paypers

Financial data platform MX has announced a new data access partnership with UW Credit Union , serving University of Wisconsin communities.

article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

Citi to expand Russia retreat beyond consumer banking exit

American Banker

article thumbnail

BigCommerce and Bolt to offer one-click Checkout for SMEs

The Paypers

US-headquartered BigCommerce has extended its partnership with Bolt to allow SMEs in the US to set up the Bolt One-Click Checkout payment solution.

US 36
article thumbnail

Wells Fargo lifts CEO Scharf’s pay 20% to $24.5 million

American Banker

article thumbnail

Hargreaves Lansdown taps Bottomline for augmented payments

The Paypers

UK-based Bottomline has announced that investment platform Hargreaves Lansdown has selected it to support its cloud-first payments strategy.

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.