Sun.Aug 07, 2022

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NXTsoft Welcomes New Customer Grove Bank and Trust

Bobsguide

Grove Bank & Trust , founded on July 12, 1926, the longest running bank in Miami-Dade County is NXTsoft’s newest API Connectivity as a Service customer. NXTsoft’s API Connectivity as a Service will help Grove Bank & Trust to operate the financial institution more cost-effectively by utilizing API connectivity to connect systems such as the bank’s loan platform to its core system, thereby eliminating redundancy, manual labor and reducing human error.

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Fading global cooperation will make this crisis worse than the recession of 2008 | Larry Elliott

TheGuardian

The global financial crisis brought large economies together but the current crisis comes at a time of deep division Fifteen years ago this week the French bank BNP Paribas announced it was closing three of its hedge funds heavily exposed to the US sub-prime mortgage market. On the day little heed was paid to the news, but it quickly became apparent that not just BNP Paribas but just about every big financial institution was up to its neck in securities linked to underperforming American home lo

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Profile presents its new solution Acumen.plus Loan Portfolio Management

Bobsguide

Profile Software , an international financial solutions provider, announced today the launch of its pioneering solution Acumen.plus Loan Portfolio Management for corporates. It offers a unique support to corporates including shipping firms and family offices with powerful loan management functionality as well as risk management in specific areas whilst having an extensive range of functions across financial instruments.

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Are subprime consumer lenders headed for a reckoning?

American Banker

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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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How Caldic transformed its treasury function with a new TMS

Bobsguide

Caldic’s adoption of Salmon Treasurer helped the business to standardise processes and grow with scale, freeing up its treasury function to become a strategic part of the business. Find out more at [link]. The post How Caldic transformed its treasury function with a new TMS appeared first on Bobsguide.

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The Co-operative Bank selects Finastra Kondor Cloud for modernized treasury infrastructure

Bobsguide

Cloud migration digitalizes the bank’s processes, enhances integrated ecosystems and enables new opportunity for growth in the UK. London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.

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‘Risks posed by AI are real’: EU moves to beat the algorithms that ruin lives

TheGuardian

‘Black-box’ AI-based discrimination seems to be beyond the control of organisations that use it It started with a single tweet in November 2019. David Heinemeier Hansson, a high-profile tech entrepreneur, lashed out at Apple’s newly launched credit card, calling it “sexist” for offering his wife a credit limit 20 times lower than his own. The allegations spread like wildfire, with Hansson stressing that artificial intelligence – now widely used to make lending decisions – was to blame.

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