Accenture

MAY 17, 2021

The Efma-Accenture Banking Innovation Awards are always a highlight of the year for me—and 2021 promises to be one of the most exciting competitions yet. As my colleague Alan McIntyre mentioned earlier this year, “Banks in 2020 were forced to make years’ worth of technology and business model changes in a matter of months.” So,…. The post Three innovative solutions shaping the future of the banking industry appeared first on Accenture Banking Blog.

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SWBC's LenderHub

MAY 17, 2021

Last Week: It was a wild week for stocks, driven by a rather shocking Consumer Price Index (CPI) print for April on Wednesday. CPI, year over year, rose 4.2%. Market economists were already expecting a significant increase of 3.6%, so the large miss to the upside was huge. With the rising price of just about everything, the specter of inflation grew stronger, punishing stocks--especially growth stocks.

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Accenture

MAY 17, 2021

Last week, I was lucky enough to spend time at the Regions Tradition golf tournament in Alabama with our good friends from Regions Bank. The event went off without a hitch and was a welcome re-entry into travel in a safe, vaccinated, face-to-face environment. The event was great—and thought-provoking for me, as it was one…. The post What post-pandemic business travel teaches us about the new normal appeared first on Accenture Banking Blog.

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Banking Exchange

MAY 17, 2021

More than half of consumers have become more concerned about fraud since Covid-19 Risk Management Technology Cyberfraud/ID Theft Operational Risk Feature Feature3 Mobile Tech Management Online Cards Security Checks/Remote Deposit Capture Payments.

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Fraud Risk Management Payments Management 78

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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

CFPB Monitor

MAY 17, 2021

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020. The report discussed the Office’s consumer outreach and educational efforts, servicemember complaint trends, and priorities for 2021. The Office’s educational outreach focused on specific economic challenges and resources related to the COVID-19 pandemic, including forbearance programs and emergency grants.

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CFPB Monitor

MAY 17, 2021

On May 19, 2021, the House Financial Services Committee will hold a hearing , “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” The scheduled witnesses are: Todd Harper, Chairman, National Credit Union Administration. Michael Hsu, Acting Comptroller of the Currency, Office of the Comptroller of the Currency.

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Banking Exchange

MAY 17, 2021

Pioneer Bancshares acquisition creates combined entity with 60-strong branch network Management Feature M&A Feature3 Community Banking.

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CFPB Monitor

MAY 17, 2021

The CFPB recently issued an update to its Truth in Lending Act (TILA)/Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) rule FAQs to address a partial exemption added by the Building Up Independent Lives and Dreams Act ( BUILD Act ) that became law in January 2021. Before the adoption of the BUILD Act, Regulation Z under TILA already included a partial exemption from the Loan Estimate and Closing Disclosure requirements of the TRID rule for subordinate housing assistance

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BankInovation

MAY 17, 2021

U.S. banks could cut as many as 200,000 jobs in the next decade as they try to boost efficiency to compete with fintech and other upstarts encroaching on their territory, according to Wells Fargo & Co. The eliminations are likely to accelerate as the economy reopens following the Covid-19 pandemic and conditions normalize, Wells Fargo […].

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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

Report

Banking Exchange

MAY 17, 2021

New senior staff also appointed at Nicolet Bank, Grasshopper Bank, and Live Oak Bank Management Feature Human Resources Feature3.

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Idaho Resources Management 78

BankInovation

MAY 17, 2021

Citi Ventures, the $2 trillion venture investment firm and incubator within Citibank, is setting its sights on investment in process discovery and API security in 2021. Citi Ventures Managing Director Matt Carbonara recently sat down with Bank Automation News to discuss his group’s investment appetite and the perils of implementing robotic process automation (RPA).

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Security Management 75

ATM Marketplace

MAY 17, 2021

The COVID-19 pandemic has accelerated Africa’s need to transform and adapt self-service banking to meet consumer needs, with smart ATMs playing an essential role.

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Banking Trends Trends ATM Meeting 81

Payments Source

MAY 17, 2021

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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

ATM Marketplace

MAY 17, 2021

As there has been an increase in customer demand for a digitally enabled omnichannel consumer experience, the role of the ATM as an important channel for accessing banking services, has been challenged.

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Payments Source

MAY 17, 2021

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social media Payments cryptocurrency Online 121

ABA Community Banking

MAY 17, 2021

ABA supports bipartisan New Markets Tax Credit Extension Act. “By making NMTC permanent, our nation’s small businesses, investors and community development professionals will have access to the vital resources needed to improve our nation’s communities while generating long-term economic growth,” ABA said. The post ABA Backs Legislation to Extend New Markets Tax Credit appeared first on ABA Banking Journal.

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Payments Source

MAY 17, 2021

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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.

US

The Paypers

MAY 17, 2021

Indicator Capital, BNDES, and Qualcomm Ventures launch USD 45 million fund in Latin America to IoT startups.

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Payments Source

MAY 17, 2021

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Cards Payments 108

The Paypers

MAY 17, 2021

Financial analytics APIs provider Kidbrooke , a leading provider of financial analytics APIs has partnered with additiv to provide holistic financial planning and analytics solutions.

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Meeting Analytics Tools 39

Payments Source

MAY 17, 2021

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Payments 91

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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.

Compliance

The Paypers

MAY 17, 2021

The Spanish stock exchange Bolsas y Mercados Españoles (BME) has announced plans for blockchain infrastructure practical tests for the financing of small and medium-sized enterprises (SMEs).

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Payments Source

MAY 17, 2021

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Lending 88

The Paypers

MAY 17, 2021

Temenos , a banking software company, has announced the integration of Taurus , a Switzerland-based digital asset and blockchain infrastructure fintech, with Temenos Transact.

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Payments Source

MAY 17, 2021

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Security Fraud Payments 89

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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