Wed.May 26, 2021

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Perficient to Present at Fintech Generations 2021

Perficient

Perficient is excited to announce that Fintech Generations 2021 , a global fintech thought leadership event that takes place June 7-11, will feature Scott Albahary, chief strategist, financial services. In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses.

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Introducing The Altimeter, an inside guide to banking in the cloud

Accenture

As the Covid-19 pandemic abates in much of the world, banks are doubling down on their efforts to embrace banking in the cloud. The pandemic highlighted the relative ease and flexibility of moving to the cloud, and of accomplishing things never before imagined. For example, banks created virtual call centers in days—an impossible mission for…. The post Introducing The Altimeter, an inside guide to banking in the cloud appeared first on Accenture Banking Blog.

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Bank of America, Wells Fargo Hit Minority Investment Targets

Banking Exchange

The banking giants have fulfilled pledges made last year to boost investment in minority-owned banks and businesses Retail Banking Duties Lines of Business Feature Business Credit Financial Trends Feature3 Fair Lending Diversity Socially Responsible Investing.

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Digital change accelerates in Canada’s commercial banking sector

Accenture

The launch of the Canada Emergency Business Account (CEBA) last year was remarkable. In a few short weeks, Export Development Canada and financial institutions across the country stood up entirely new loan products and processes. The successful launch of CEBA was made possible by the agility of the commercial banking arms of financial institutions large….

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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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Does deglobalisation make economies more resilient to recessions?

BankUnderground

Marco Garofalo. Are less open economies more resilient to downturns? There is general agreement on the benefits of openness, but its adverse link to volatility is ambiguous. On the one hand, globalisation makes countries less sensitive to domestic disturbances, yet it also makes them more exposed to foreign shocks. In this post, I use local projections (LP) to show that international business cycles since 1870 appear to support a positive effect of openness on the economic resilience of a countr

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Addressing the Unbanked: ABA Hails ‘Bank On’ Success

Banking Exchange

The initiative has proven successful in addressing the needs of the US’s unbanked population Community Banking Feature Fair Lending Feature3 PPP Covid19 People The Economy Duties.

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Wall Street takes note of automation, AI applications in U.S. Senate hearing

BankInovation

In an annual oversight hearing on Capitol Hill today, major Wall Street banks faced questions from U.S. senators on issues ranging from how banks can help Americans struggling to keep pace with their credit payments to how they’re tackling the growing menace of cybersecurity breaches. Citibank consistently invests in its cyber defense capabilities, Jane Fraser, […].

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More Bank-Fintech Partnerships Emerge as Groups Embrace Digital

Banking Exchange

Customers Bank, Capital Bank and Community 1st Credit Union among the latest to embrace financial technology Technology Financial Trends Payments Feature3 Fintech Feature Lines of Business Tech Management Mobile Online Cards Blockchain PPP Covid19 Community Banking.

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FDIC files summary judgment motion in lawsuit challenging its “Madden-fix” rule

CFPB Monitor

The FDIC has filed a motion for summary judgment in the lawsuit filed by the Attorney Generals of six states and District of Columbia to set aside the FDIC’s “ Madden -fix” rule. The filing also includes the FDIC’s opposition to the summary judgment motion filed by the AGs. The lawsuit is pending before the same California federal district court judge (Judge Jeffrey S.

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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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Bank Job review – a classic ‘print money to cancel debt’ caper

TheGuardian

An activist duo start their own bank to blow up Britain’s debt culture (and a Transit van), in this heartwarming documentary filled with community spirit Not to be confused with the Jason Statham heist caper , here’s a likable documentary with a big heart and some punch-the-air moments from husband and wife team Hilary Powell and Daniel Edelstyn. The film is the story of how they opened a “bank” on their high street in Walthamstow, north-east London, and printed money – a kind of art-installatio

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SoftBank-Backed Zeta Raises $250M To Modernize Banking Tech

CB Insights

Zeta , a banking technology company, has raised $250M in a Series C with participation from SoftBank Group and Sodexo Ventures. HOW’S THE COMPANY PERFORMING? California-based Zeta is a banking tech organization offering its services to banks, fintech firms, and other online consumer platforms. It provides an Omni Stack for banks, which includes credit, debit, and prepaid card processing and personal finance management, among others.

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Listen: Data privacy laws present compliance challenges

BankInovation

Financial institutions should expect data privacy laws like the California Consumer Privacy Act (CCPA) to spread to other states and countries, creating pressure on multinational banks. In this episode of “The Buzz,” Bank Automation News learns that even banks with customer service based in other countries will be challenged to comply with new regulations, according […].

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Increasing the Lifespan & Reliability of Electronic Components

ATM Marketplace

An insider's guide to maintaining the consistent temperatures in electrical enclosures that are necessary to protect heat-sensitive electronic components - improving operating efficiency and extending lifespan.

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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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Looking for a business checking account? Consider these items

FirstInternet

Business checking accounts are absolutely foundational. A business checking account lets you handle legal, tax and day-to-day issues. The good news is it’s fast and easy to set one up if you have the right registrations and paperwork ready. The somewhat more complicated part? There are a lot of banks and offers from which to choose. Here are some things to look for, whether you’re just starting out, or are looking to change your current bank for any number of reasons…along with tips to make the

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Avon Ventures-Backed Solidus Labs Raises $20M To Expand Its Crypto Market Surveillance Platform

CB Insights

Solidus Labs , a cryptocurrency surveillance and risk monitoring software firm, has raised $20M in a Series A. The round drew participation from Evolution Equity Partners, Hanaco Venture Capital, Avon Ventures, and FTX Exchange, among others. How’s the company performing? New York-based Solidus Labs is a surveillance platform that allows digital asset firms to investigate, detect, and report market manipulation in cryptocurrency trading platforms.

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The Cornerstone Bank (MO) Has Competitive Rewards Checking/Savings

BankDeals

The Cornerstone Bank (MO) offers its competitive Kasasa Cash Checking, Kasasa Cash Back, and Kasasa Saver accounts in southwest Missouri.

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MAP partners with Glia to improve its digital member service

The Paypers

Glia , a provider of digital customer service, has partnered with Members Access Processing (MAP) , a Credit Union Service Organization (CUSO).

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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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FDIC: Bank Profits Strong in First Quarter Amid Economic Recovery

ABA Community Banking

FDIC-insured banks and savings institutions earned $76.8 billion in the first quarter of 2021, a 315.3% increase from a year ago, the FDIC reported today in its Quarterly Banking Profile. The post FDIC: Bank Profits Strong in First Quarter Amid Economic Recovery appeared first on ABA Banking Journal.

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Onfido launches the Face Authenticate platform in partnership with FaceTec

The Paypers

Onfido has announced the launch of a new platform, developed in partnership with FaceTec , to extend the company’s biometric identity verification to authentication and enterprise-grade security.

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Crypto is the future. More banks, regulators need to embrace it.

American Banker

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Four Points FCU's Unique Money Market And Checking Accounts

BankDeals

Four Points Federal Credit Union's field of membership includes all residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming.

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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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Stellar invests USD 15 mln in AirTM to boost digital payments in Latam

The Paypers

The Stellar Development Foundation (SDF) has invested USD 15 million in AirTM, a digital wallet and peer-to-peer exchange platform based in Mexico.

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Employee Spotlight: Charity Wanta

Image Works Direct

It is no secret that marketing messaging plays a key role in getting the interest and engagement you are looking for. Every sentence, word and punctuation mark matters. In a role all her own, Charity serves as image.works’ one and only senior copy editor. While the majority of her work is done behind the scenes, her impact shines through in the finished product.

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Banxware partners Lieferando to offer liquidity solution

The Paypers

Banxware , a Lending-as-a-Service provider, has partnered Lieferando , a Germany-based food delivery platform, to offer it a liquidity solution.

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HSBC exiting U.S. retail banking to focus on wealth business

American Banker

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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.