Card industry’s fraud-fighting efforts pay off: Nilson Report
Payments Dive
JANUARY 5, 2023
Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.
Payments Dive
JANUARY 5, 2023
Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.
BankInovation
JANUARY 5, 2023
Ideal Credit Union launched data analytics solution Segmint on its Alkami digital banking platform in December to offer a customizable experience for its members. Segmint, which was acquired by Alkami in April 2022, uses account transaction data to enable an FI to “get the right offer to the right people at the right time,” Alisha […].
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Payments Dive
JANUARY 5, 2023
The system that flags suspicious activity saw a backlog of more than 100,000 alerts in late 2021, New York's Department of Financial Services found.
CFPB Monitor
JANUARY 5, 2023
The CFPB has issued its “ Annual report of credit and consumer reporting complaints ” that reports on consumer complaints submitted to the CFPB regarding the three largest nationwide consumer reporting agencies (NCRAs)—Equifax, Experian, and TransUnion. The annual report is.
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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 Dive
JANUARY 5, 2023
The companies tapped new leaders as they seek to build international cross-border payment systems amid rising global competition.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
SWBC's LenderHub
JANUARY 5, 2023
For many financial institutions, outsourcing critical and time-consuming collections efforts is key to saving money and reducing the strain that comes with hiring talented collections teams, especially in a historically tight labor market. Taking advantage of outsourced collection services can be a cost-effective option if your institution is striving to manage rising delinquencies and trim expenses associated with the collections process.
CFPB Monitor
JANUARY 5, 2023
The CFPB has published its Fall 2022 rulemaking agenda as part of the Fall 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions. The agenda’s preamble indicates that “[t]he Bureau reasonably anticipates having the regulatory matters identified [in the agenda].
TheGuardian
JANUARY 5, 2023
Ruling said enough scrutiny exists to detect fraud while naming recipients in £47bn scheme puts them at risk The British government has been given the go ahead to keep concealing the names of companies which received in total more than £47bn in state-backed Covid loans, after a tribunal ruled in its favour. The tribunal case had been brought by campaign group Spotlight on Corruption, amid concerns fraudsters and organised criminals had exploited government-guaranteed loans intended for strugglin
CFPB Monitor
JANUARY 5, 2023
After discussing the core features of the U.S. payments systems, we look at how those features have impacted the experience 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
TheGuardian
JANUARY 5, 2023
The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales Customers of the US bank Silvergate, one of the few mainstream financial organisations that focuses on providing services to the cryptocurrency sector, have pulled more than $8bn (£6.7bn) of their crypto-related deposits from the lender. More than two-thirds of customers’ deposits were withdrawn in the final three months of 2022, as the collapse of the FTX exchange reverberated around the cry
The Paypers
JANUARY 5, 2023
UAE-based National Bank of Fujairah (NBF) has launched an online fraud prevention solution to improve its operations’ cybersecurity and protect customers against fraud.
BankInovation
JANUARY 5, 2023
Bank clients are increasingly switching financial institutions when they become frustrated or disappointed by their mobile banking experiences. In fact, one in three users younger than 40 said they have switched banks for a better mobile experience, according to the “Bank to the Future” report published Dec. 15 by Stockholm-based mobile software company Sinch, […].
The Paypers
JANUARY 5, 2023
Vodeno and Aion Bank have commissioned an independent survey with over 1,000 businesses from the UK, Belgium, and the Netherlands to showcase the potential of Banking-as-a-Service (BaaS).
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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.
FICO
JANUARY 5, 2023
Home. Blog. FICO. Cash Flow Data Can Improve Credit Access with an UltraFICO® Score. Among U.S. consumers who don’t have enough credit history to generate a traditional FICO ® Score, over 15 million could receive an UltraFICO ® Score. FICO Admin. Thu, 08/22/2019 - 12:37. by Joanne Gaskin. expand_less Back To Top. Thu, 01/05/2023 - 16:00. For the millions of American consumers whose traditional credit files don’t fully reflect their financial history and readiness for credit, cash flow data provi
The Paypers
JANUARY 5, 2023
Cryptocurrency payment processor CoinGate has issued a report detailing the behaviour of crypto-interested shoppers and merchants.
The Paypers
JANUARY 5, 2023
ACI Worldwide has completed in installation upgrade with ATM operator India1 Payments to increase delivery of payments and financial services to India’s financially excluded.
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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.
The Paypers
JANUARY 5, 2023
New York financial regulators have found that the popular cryptocurrency exchange Coinbase violated anti-money laundering laws by failing to conduct adequate background checks.
The Paypers
JANUARY 5, 2023
Abu Dhabi Islamic Bank (ADIB) has launched tokenized, contactless payment methods through the options clasp and ring ‘ADIB PAY’, in partnership with Visa and Tappy Technologies.
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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
JANUARY 5, 2023
Self-service loan management software fintech Constant has launched its zero-processing loan servicing solutions, which are now accessible via Jack Henry ’s digital banking platform, according to IBS Intelligence.
The Paypers
JANUARY 5, 2023
Walmart , together with other PhonePe shareholders, have been billed an approximate of USD 1 billion in tax following the digital payments’ company shift to India.
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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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