Accenture

JUNE 16, 2022

Ask any school-leaver what profession they want to enter, and banking is unlikely to appear on their short-list. The banking industry has an image problem among job-seekers. And it’s worsening an increasingly severe shortage of talent. The scramble for talent is one of the Accenture Banking Top 10 Trends for 2022. Banking executives in Europe…. The post Banks plot new ways to win the scramble for talent appeared first on Accenture Banking Blog.

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Payments Dive

JUNE 16, 2022

The new wallet will store IDs, cards and crypto, giving the South Korean company more leverage to compete with digital payment apps from tech giants Apple and Google.

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BankInovation

JUNE 16, 2022

From cloud-native payments to back-office robotic process automation (RPA), automation can be found in no-fuss applications across the banking ecosystem, but wealth management is tougher to automate — and robo-advisors are especially tricky. Traditional wealth management centers around person-to-person interactions, and this was precisely the challenge TD Bank, a subsidiary of $1.73 trillion TD Group, […].

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Payments Dive

JUNE 16, 2022

The agency isn’t pleased about the three big credit reporting bureaus taking different approaches to tracking consumer data for buy now-pay later financing.

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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

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CFPB Monitor

JUNE 16, 2022

As many of our blog readers know, Alan Kaplinsky and Professor Jeff Sovern have regularly engaged in legal debate about consumer finance issues via blog posts. Alan’s views can be found in blog posts published on this blog, Consumer Finance Monitor, while Professor Sovern’s views appear in blog posts published on his Consumer Law & Policy Blog.

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CFPB Monitor

JUNE 16, 2022

Ms. Twohig, a recognized consumer finance expert, shares her insights regarding the CFPB’s supervisory program. Our discussion topics include: the differences between the CFPB’s supervisory program and the programs of the federal and state banking regulators; the CFPB’s approach to allocating resources, conducting exams, and examiner training; the origins and objectives of Supervisory Highlights; how the CFPB’s supervisory focus has changed over time and the impact of leadership changes; and th

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Bobsguide

JUNE 16, 2022

NXTsoft’s API Connectivity as a Service makes operating a credit union easier and more cost effective by utilizing API connectivity to directly correct the credit union’s systems, thereby eliminating redundancy, manual labor and reducing human error. NXTsoft is excited to welcome our newest customer North Jersey Federal Credit Union, who is using OmniConnect API Connectivity to save time and money.

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CFPB Monitor

JUNE 16, 2022

The FTC has announced that it is seeking public input on ways to modernize its 2013 guide titled “. com Disclosures: How to Make Effective Disclosures in Digital Advertising ,” which provides guidance to businesses on digital advertising and marketing. In an attempt to modernize the guidance, the FTC is seeking comments on the following issues: the use of sponsored and promoted advertising on social media; advertising embedded in games and virtual reality and microtargeted advertisements; the

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TheGuardian

JUNE 16, 2022

FCA calls for payment holidays and waiving interest charges for customers hit hardest by cost of living crisis The City watchdog has warned UK lenders to do more to support struggling borrowers hit by the cost of living crisis, including offering payment holidays and waiving interest for some of the most at-risk customers. In a letter to more than 3,500 lenders, including major high street banks and buy nowpay later firms, the Financial Conduct Authority (FCA) said firms needed to respond “flexi

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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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Bussman Advisory

JUNE 16, 2022

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Deutsche Bank installs app on bankers’ phones to track private messages Crypto exchanges slash jobs as market turmoil triggers trading downturn UBS CEO says digital euro not risky i

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BankInovation

JUNE 16, 2022

Powersports lender ThunderRoad Financial’s chief executive, Don Hummer, says the lender is on track to “double” its origination volume by yearend as the company looks to expand, leaning on cloud-based technology to speed funding for dealers. ThunderRoad’s origination volume as of June is up year over year, largely due to its competitive rates, Hummer said, […].

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PopularBank

JUNE 16, 2022

In the last two years, and in the wake of a more prominent conversation around systemic racism, many of the U.S. financial institutions have started to invest in Black-owned financial companies with a mission to meet the needs of underserved borrowers. Marginalized communities often struggle to enter the banking mainstream – due to a lack of trust or a lack of inclusive financial products – making access to a minority owned bank an important factor in building a brighter financial future.

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BankInovation

JUNE 16, 2022

Use cases for intelligent document processing (IDP) include automating the know your customer (KYC) process. The KYC process previously was performed by humans, which led to plenty of effort and errors, says Sateesh Seetharamiah, director at artificial intelligence and automation company EdgeVerve. Using IDP, one “very large U.S. financial bank” is now able to process […].

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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.

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FICO

JUNE 16, 2022

Home. Blog. FICO. US Bankcard Industry Benchmarking Trends: 2022 Q1 Update. We are seeing unemployment rates at historical lows, so what is causing US Bankcard delinquency rates to increase? asokolowski@speednet.pl. Fri, 06/03/2022 - 12:48. by Leanne Marshall. expand_less Back To Top. Thu, 06/16/2022 - 15:00. FICO releases quarterly US Bankcard Industry Benchmarking trends, previously these were published on the FICO Community but going forward will be published on FICO.com blog.

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BankInovation

JUNE 16, 2022

Royal Bank of Canada’s (RBC) 14 million digital banking users soon will have access to the Plaid and Envestnet | Yodlee networks of apps and services via an application programming interface (API). The $1.32 trillion bank announced the data access agreements, which cater to a growing share of digital customers, in a statement this week. […].

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FICO

JUNE 16, 2022

Home. Blog. FICO. Meeting Debt Collection Challenges Amid a Squeeze on Income. In order to deal with the rising cost of living and other challenges, anyone managing collections portfolios and effective debt recovery strategies needs these capabilities. FICO. Tue, 07/23/2019 - 04:13. by Bruce Curry. expand_less Back To Top. Thu, 06/16/2022 - 15:20. In a previous military life, the phrase 'Absence Of Normal, Presence Of Abnormal' was a mantra for staying one-step ahead of nasty surprises.

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The Paypers

JUNE 16, 2022

Huddlestock Fintech has announced the signing of a full white-label contract with Solarisbank , an European Banking-as-a-Service platform with headquarters in Berlin, Germany, according to MarketScreener.

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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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Bank Activities

JUNE 16, 2022

By Zoran Temelkov June 2022. Kushki, an Ecuadorian payment infrastructure startup, completed a $100 million Series B extension round in June 2022. The latest funding round gives Kushki a unicorn status assigned to companies with a valuation of at least $1 billion. The funding takes place after company announcements of reaching a 200% revenue growth with a quarterly year-over-year growth of 100%.

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The Paypers

JUNE 16, 2022

Identity verification and authentication provider Onfido has announced partnering exclusively with online identification and digital signature processes company WebID.

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American Banker

JUNE 16, 2022

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New York Policies cryptocurrency 82

The Paypers

JUNE 16, 2022

Popular integrated payments platform Alipay+ has announced the launch of Alipay+ Unified Payment, a scalable and technical solution to help online and brick-and-mortar merchants collect money through all digital payment methods supported by Alipay+, in an enhanced, effective way.

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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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American Banker

JUNE 16, 2022

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The Paypers

JUNE 16, 2022

UK-based fintech platform TISAtech has partnered with global technology providers to bring emerging fintechs access to discounted and free next-generation services.

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American Banker

JUNE 16, 2022

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The Paypers

JUNE 16, 2022

Hong Kong-based B2Core has partnered Shufti Pro , an AI-powered identity verification company to streamline the onboarding identity verification process.

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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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