Mon.Jun 27, 2022

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How banks can thrive in the face of rising interest rates

Accenture

Bankers must be weary of all the talk about disruption; in the past 15 years they’ve had to survive both the economic and reputational fall-out of the Great Recession, digitize their business and start moving it to the cloud, manage the greatest-ever distribution of relief funds to see their customers through the COVID-19 pandemic, and…. The post How banks can thrive in the face of rising interest rates appeared first on Accenture Banking Blog.

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What Information Must Be Included in a TRACE Trade Report? (Part 5 of 6)

Perficient

Because the purpose of TRACE is to help facilitate transparency in the U.S debt market, each TRACE trade report is required to contain the following information: . Committee on Uniform Securities Identification Procedures (CUSIP) number , or if a CUSIP number is unavailable at the time of execution, a similar numeric identifier. Examples include a mortgage pool number or a FINRA symbol.

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Business is global by default: Why haven't payments kept up?

Payments Dive

To compete internationally, businesses need a reliable method to make and receive real-time payments.

Payments 370
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How to grab your share of new payments growth

Accenture

Most payments leaders who participated in our Growth in Payments research think digital payments could overtake plastic cards and cash by 2025. It’s clear that they expect a surge in payments innovation, different consumer behaviors, shifting regulations—and new payments growth. And like all payments players, middle market banks want to grab their share of it. ….

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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

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Brex's move has fellow fintechs ready to pounce

Payments Dive

Brex cutting small business customers – the handling of which prompted a mea culpa from the co-founder – may provide opportunity for B2B fintechs like Ramp or Divvy. But big banks still dominate the space.

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Do your banking customers follow your happy path?

Accenture

When your bank’s customers are using the products and services you offer them, do they always navigate along the journey you expect—or want—them to take? How often do they make a wrong turn or do something you didn’t anticipate? And when this happens, how quickly and easily can you get them back on track, ensuring…. The post Do your banking customers follow your happy path?

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Bed Bath & Beyond adds BNPL option

Payments Dive

The retailer said its buy now-pay later option, Welcome Pay, allows customers to pay for purchases in four payments.

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5 Questions with… BMO CIO of Data and Analytics Lisa Christofilos

BankInovation

Lisa Christofilos, chief information officer of data and analytics at BMO, recently sat down with Bank Automation News to discuss data and analytics at the bank-level, along with best practices for ensuring data security. Christofilos helps lead data engineering, analytics and architecture efforts for the $805.9 billion bank. What follows is an edited version of […].

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GFT earns Windows Server and SQL Server migration to Microsoft Azure advanced specialisations

Bobsguide

More and more companies seek to modernise their applications and take full advantage of the benefits that cloud computing can deliver. The recent end-of-support for Windows Server 2008 R2 and SQL Server 2008 R2, has increased the need to find partners with advanced skills to assess, plan, and migrate their existing workloads to the cloud. GFT has now strengthened its credentials in that regard.

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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

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ALI circulates revisions to Tentative Draft No. 2 of the Restatement of the Law, Consumer Contracts

CFPB Monitor

On June 22, 2022, the American Law Institute (“ALI”) circulated minor (mostly technical) revisions to Tentative Draft No. 2 of the Restatement of the Law, Consumer Contracts (the “Restatement”). . The Restatement was approved last month at ALI’s 2022 Annual Meeting, subject to minor changes agreed to by members at the Annual Meeting, the most notable of which is the addition of a new section on “Interpretation and Construction of Consumer Contracts.

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Auriga Wins ATMIA Contest for "Cost of Cash" White Paper To Improve Cash Management and Logistics

ATM Marketplace

Auriga addresses cash management optimization from two directions. From one hand, WWS Cash Management, Auriga’s multivendor and multichannel solution, helps banks to optimize, anticipate, support, control and report the entire cash inventory and replenishment process, and thus defines the standard for end-to-end cash management.

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Invest Bank, Buna roll out multi-currency settlement in UAE

The Paypers

UAE-based Invest Bank has rolled out a multi-currency payment service following a partnership with the Buna platform, according to Gulf Today.

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FICO® Resilience Index Can Improve Card Account Management

FICO

Home. Blog. FICO. FICO® Resilience Index Can Improve Card Account Management. Pandemic Period Results Demonstrate Value of Borrower FICO ® Resilience Index Insights. by Brendan LaCounte. expand_less Back To Top. Mon, 06/27/2022 - 15:00. In the early months of the COVID-19 pandemic, FICO found that the FICO® Resilience Index was a strong predictor of the likelihood that a consumer would receive a loan accommodation (payment deferral, forbearance, etc.) following implementation of the CARES Act.

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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.

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CRYPTOSTONE launches crypto payment gateway

The Paypers

CRYPTOSTONE , a newly developed crypto platform that provides exclusive services in the crypto business, has launched the Crypto Payment Gateway in its anonymous ecosystem.

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The Power of Human-Interest Stories in Marketing

Image Works Direct

Your accountholders are the heartbeat of your financial institution – they set the pulse for public opinion. Their testimonials are poignant, drawing interest to your marketing materials and garnering creditability to your claims. When your grateful accountholders tell their stories, the audience understands how your institution works and what it stands for.

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SME Bank partners with kevin.

The Paypers

SME Bank , a Malaysia-based bank helping small- and medium-sized enterprises, has partnered with payment infrastructure provider kevin. to create a one-stop-shop for ecommerce business owners.

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Crypto-friendly banks stay the course despite bitcoin volatility

American Banker

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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.

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India outlines payments modernisation roadmap

The Banker

The biggest challenge emerging from RBI’s Payments Vision 2025 is the push to facilitate domestic processing of payments transactions, as well as the move to ISO 20022 standards.

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Fynance offers Pay Later for supply chain financing

The Paypers

Malaysia-based supply chain financing company Fynance has launched Pay Later for the financing needs of businesses in Malaysia.

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Banks would be wise to pivot now from a position of strength

American Banker

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Finland to introduce digital identification system

The Paypers

Finland has approved a legislative proposal on the matter of introducing a digital identification system.

System 41
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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.

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Digital Banking 2022 Fireside Chat: The State of Digital Banking

American Banker

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Deduce facilitates Ping Identity prevent Account Takeover attacks

The Paypers

US-based fraud prevention company Deduce has partnered with Ping Identity for frictionless digital identity experiences.

Fraud 36
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CEO of State Farm Federal Credit Union in Illinois to retire

American Banker

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LianLian Global launches cross-border e-wallet

The Paypers

LianLian Global , a global cross-border payment service provider, has announced the launch of its multi-currency Cross-Border Wallet after securing licenses to operate in USA.

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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.