Perficient

MARCH 25, 2021

Scott Albahary, Perficient’s financial services chief strategist, and I recently spoke with the Western Bankers Association about using empathy and personalization strategies to improve debt collection and recoveries. If you get a chance, listen to the short episode. But, if you can’t, here are the key points Scott and I make: Banks responded generously to support their customers’ debt hardship needs through the pandemic, but programs are ending.

Tools 493

Tools Technology Strategy Branding 493

Payments Source

MARCH 25, 2021

The abrupt shutdown of retail a year ago led to a rise of digital shopping — and fraud. And the most tech-savvy consumers may be the most vulnerable, according to TransUnion data. ]].

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Fraud Retail Data Payments 148

Banking Exchange

MARCH 25, 2021

Embedded finance isn’t only going to change the way people bank. It’s going to create new opportunities for bank leaders to join in the transformation Payments Technology Lines of Business Financial Trends Feature Feature3 Fintech.

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Trends Banking Trends Fintech Technology 117

Payments Source

MARCH 25, 2021

Wallex hopes its EURST stablecoin will be transparent and familiar enough to appeal to mainstream payment companies. ]].

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cryptocurrency Payments Company 169

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Jack Henry

MARCH 25, 2021

No, this has nothing to do with the Iran-Contra affair. Now that I have thoroughly dated myself, let’s get into contra accounts. What is a contra, and what do I need to know? I’m glad you asked.

Lending 103

Lending 103

Bobsguide

MARCH 25, 2021

The average daily volume for fixed income electronic trading reached a new record of $10.6bn in January surpassing the previously set record of $10.3bn in May last year, according to a report by Greenwich Associates, as trading houses rely increasingly on automation. “A big impact is the.

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Report 97

Payments Source

MARCH 25, 2021

Paysafe is adding cryptocurrency options to its Skrill digital wallet in the U.S. through a partnership with Coinbase that will allow users in most states to buy and sell multiple cryptocurrencies. ]].

cryptocurrency 121

cryptocurrency 121

SWBC's LenderHub

MARCH 25, 2021

Chances are, you’re already using surveys to track your financial institution's performance or to analyze your market, but are you really getting the most out of them?

Survey 88

Survey Marketing 88

Payments Source

MARCH 25, 2021

Truist Financial's venture capital division led the Series A funding round for Greenwood, a platform aimed at Black and Latino customers. Other investors include Bank of America, Citigroup, Mastercard and Visa. ]].

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Digital Banking America Capital Payments 113

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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

BankInovation

MARCH 25, 2021

Microsoft predicts there will be more than 500 million apps created in the next decade, thanks to no-code development solutions. “Citizen developers will be able to drag and drop stuff and build no-code databases,” Salah Khawaja, managing director of automation and global risk at Bank of America Merrill Lynch, told audiences at the AI Business […].

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America Management 98

Payments Source

MARCH 25, 2021

Fresh off the heels of a $180 million fundraiser in January, Citi Ventures-backed PPRO raised an additional $90 million in new investments in its latest equity round. ]].

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Fintech 101

American Banker

MARCH 25, 2021

The FHFA’s forbearance extension to September is forcing nonbank servicers to buy out more delinquent loans. It's also upended loss estimates for investors and made racial and income disparities in the mortgage market worse. ]].

Marketing 101

Marketing 101

Payments Source

MARCH 25, 2021

Payment processing and banking infrastructure provider Episode Six is expanding into the U.S. health care market through a partnership with Nomi Health, which emphasizes a digital-first approach to patient payments. ]].

Technology 99

Technology Payments Marketing Industry 99

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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

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ABA Community Banking

MARCH 25, 2021

Banks have been a source of strength for the economy during the pandemic. A year into the crisis, the blunt instrument of leverage ratios is about to make it harder for banks of all sizes to support the recovery. The post COVID Makes the Case for Smarter Capital Measures appeared first on ABA Banking Journal.

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Capital Community Bank Policies Community 92

BankInovation

MARCH 25, 2021

The pandemic shift to digital onboarding that increasingly uses intelligent automation will provide banks with cost savings of over $460 million over five years, and improve customer experience. According to a study released Monday by Juniper Research, spending on regulation technology is likely to exceed $130 billion by 2025, up from $30 billion in 2020. […].

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Regulation Technology Customer Experience Study 91

Payments Source

MARCH 25, 2021

The pandemic changed consumer priorities quickly--and payment companies need to keep up since the trend is likely permanent, says Signifyd's Indy Guha. ]].

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Payments Trends Company 116

American Banker

MARCH 25, 2021

The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program. ]].

Lending 92

Lending Report Florida 92

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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

TheGuardian

MARCH 25, 2021

Bank says staff will be offered new arrangements, including working from home Santander is to close 111 branches across the UK affecting around 5,000 staff, as the coronavirus pandemic pushed more customers to embrace digital banking for most of their banking needs. The bank said that affected staff will be offered new working arrangements that will combine working from home with “access to local collaboration spaces”.

Digital Banking 80

Digital Banking 80

American Banker

MARCH 25, 2021

The Rainforest Action Network says the 2020 decline stemmed more from weak energy demand during the pandemic than banks’ pledge to reduce financing to firms that contribute to climate change. ]].

Lending 76

Lending America 76

CFPB Monitor

MARCH 25, 2021

NACA is one of the plaintiffs in the Massachusetts lawsuit challenging the CFPB’s creation of its Taskforce on Federal Consumer Financial Law. Mr. Rheingold discusses the legal basis for the lawsuit, NACA’s views on how the CFPB should approach modernization of federal consumer financial laws, and NACA’s support for federal legislation or new CFPB rulemaking restricting mandatory arbitration.

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Massachusetts National 60

American Banker

MARCH 25, 2021

A planned combination of Maine State Credit Union in Augusta and Midcoast Federal Credit Union in Freeport has been nixed despite receiving approval from regulators. ]].

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Maine Regulation 77

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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

The Paypers

MARCH 25, 2021

Payment protocol Ripple has released a whitepaper document stating that the cryptocurrency XRP could act as an intermediary to connect different central bank digital currencies (CBDCs).

cryptocurrency 72

cryptocurrency Payments 72

PopularBank

MARCH 25, 2021

LIBOR , or the London Interbank Offered Rate , is a benchmark index rate used by banks to set interest rates for variable- and adjustable-rate loans, among other financial products. A LIBOR phase-out for one-week and two-month U.S. dollar (USD) LIBOR rates is expected by the end of 2021, with a complete phase-out to be undertaken by June 2023. How is LIBOR calculated?

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Lending Groups Regulation US 59

Bankelele

MARCH 25, 2021

The Kenya Bankers Association (KBA) launched a report on the progress towards the implementation of sustainable finance in decision-making at Kenyan banks. The KBA houses a Sustainable Finance Working Group that complies mid-level managers at Kenya banks that champions and promotes sustainable finance principles and practices among Kenyan banks. The report shows that 85% of […].

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Groups Report Management 66

American Banker

MARCH 25, 2021

Lawmakers approved a bill that will allow the Paycheck Protection Program to remain open until May 31. It was originally set to expire on March 31. ]].

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Lending 74

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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.

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