Accenture
NOVEMBER 29, 2021
All eyes on a market in motion The wealth management landscape is expanding and evolving so fast that it’s essentially uncharted territory for many middle market banks. Total global household wealth has grown significantly in recent years, jumping 7.4% in 2020 despite the pandemic. We’re also seeing the steady transfer of assets from older to younger….
SWBC's LenderHub
NOVEMBER 29, 2021
Last Week. Another crazy week in a wild year. We spent the first three days of the week ratcheting up the odds of the potential of a faster Fed taper and earlier policy rate hikes, then we spent the day after the Thanksgiving holiday reversing those odds in near panic mode.
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BankInovation
NOVEMBER 29, 2021
As interest and investment in cryptocurrency spikes this year, banks and financial institutions (FIs) must decide whether and how to become involved, or potentially lose revenue and customers if they opt out. This is the message from Lawrence Pruss, senior vice president at Memphis, Tenn.-based Strategic Resource Management (SRM) in this episode of "The Buzz" […].
Banking Exchange
NOVEMBER 29, 2021
Challenger banks or neobanks have gained rapid adoption due to their ability to meet customers in the channel of their choice Technology Feature3 Fintech Feature Digital Neobanks.
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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
BankInovation
NOVEMBER 29, 2021
The Federal Deposit Insurance Commission (FDIC) recently made available the demos of its first FDITECH Sprint, a contest held in September that focused on reaching unbanked customers via fintech solutions. The winning ideas included those that leverage technology to provide loans to small businesses in underserved communities; offer savings accounts and financial education for minority […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
NOVEMBER 29, 2021
Former Citigroup Inc. executive Matt Zhang is launching a $1.5 billion venture focused on cryptocurrency-related investments and has hired Sam Peurifoy — an ex-Goldman Sachs analyst known for his online gaming persona “Das Kapitalist” — to lead a dedicated “play-to-earn” strategy. The New York-based investment firm, named Hivemind Capital Partners, has received “a decent amount […].
Banking Exchange
NOVEMBER 29, 2021
Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations Community Banking Feature3 Feature Fair Lending Diversity Inclusion Human Rights Small Business.
CFPB Monitor
NOVEMBER 29, 2021
The California Department of Financial Protection and Innovation (DFPI) is seeking comments on a proposed rulemaking under the California Consumer Financial Protection Law (CCFPL). The proposal would implement the authority that the CCFPL gives the DFPI to require companies that provide financial products and services to California consumers to register with the DFPI and to require registered companies “to generate and provide records to facilitate oversight of registrants and detect risks to C
Banking Exchange
NOVEMBER 29, 2021
Fed flags cybersecurity and operational resilience as priorities for large banks Risk Management Feature3 Feature Financial Research Lines of Business The Economy Cyberfraud/ID Theft Security Online Operational Risk.
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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
CFPB Monitor
NOVEMBER 29, 2021
The Federal Reserve Board, FDIC, and OCC (collectively, the “Agencies”) issued on November 23 a short Joint Statement on Crypto-Asset Policy Sprint Initiative and Next Steps (“Joint Statement”), which announced – without further concrete detail – that they had assembled a “crypto asset roadmap” in order to provide greater clarity in 2022 to banks on the permissibility of certain crypto-asset activities.
Banking Exchange
NOVEMBER 29, 2021
Graduation rates among HBCU students currently among the lowest for all students Community Banking Feature3 Feature Diversity Inclusion Human Rights Fair Lending.
TheGuardian
NOVEMBER 29, 2021
Asic hit bank with six lawsuits over shoddy treatment of customers – including charging dead people fees Follow our live blog for the latest updates Get our free news app ; get our morning email briefing Westpac has admitted it broke the law and agreed to pay penalties totalling $113m after the corporate regulator hit the bank with six lawsuits over shoddy treatment of customers that included charging dead people fees and lambasted the bank for a “poor compliance culture” that needs urgent impro
The Paypers
NOVEMBER 29, 2021
India-based acquirer BOB Financial has partnered with NPCI to launch BoB Credit Cards (Easy and Premier variants) on the JCB network, supporting global card acceptance.
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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.
MerhantsBanks
NOVEMBER 29, 2021
WINONA, Minn. – Merchants Bank kicked off the 33rd annual 10 Days of Giving food drive on Monday morning. The drive runs December 1-10 and benefits the food shelf programs operated by Winona Volunteer Services (WVS). Through the first 32 years, more than 4 million pounds of food have been collected. Co-Chairs Jennifer Welch and […].
The Paypers
NOVEMBER 29, 2021
Ingenico , a France-based payments company and a Worldline brand, has rolled out PPaaS to enable merchants to create commerce and payment options for their customers.
FICO
NOVEMBER 29, 2021
Many lenders’ back-offices continue to be weighed down by legacy customer affordability systems. Updating them to meet rapidly changing market conditions has become hugely time-consuming and a typically onerous challenge. But there are quick wins when it comes to ensuring the adoption of true customer-centricity. The notion of affordability has evolved and increased in sophistication during the past 30 years as businesses refined and improved their models.
The Paypers
NOVEMBER 29, 2021
Germany-based crypto platform BISON of the stock exchange Boerse Stuttgart Group has enabled users to create savings plans for tradable cryptocurrencies in the app and the desktop version of BISON.
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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.
Bankelele
NOVEMBER 29, 2021
The Nairobi Securities Exchange (NSE) has launched an environmental, social and governance (ESG) disclosures guidance manual for listed companies on the Nairobi Securities Exchange. The guidance was developed with the Global Reporting Institute (GRI) as a proactive initiative by the NSE ahead of more formal rules expected from the Capital Markets Authority (CMA).
The Paypers
NOVEMBER 29, 2021
Saudi Central Bank ( SAMA ) Governor Fahd Al-Mubarak has announced that the Kingdom will grant operating license to more digital banks.
The Financial Brand
NOVEMBER 29, 2021
Banking still lags in several key areas of transformation. The difference now is that the urgency to move forward quickly is much greater. The post 6 Digital Banking Transformation Trends for 2022 appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Paypers
NOVEMBER 29, 2021
Netherlands-based bank ING has announced partnering with ecommerce platform Amazon to offer cashback for purchases via the ING shopping platform ‘DealWise’
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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.
The Paypers
NOVEMBER 29, 2021
Sri Lanka-based bank Commercial Bank of Ceylon ( ComBank ) has announced its partnership with local fintech PayHere to provide users of the Q+ Payment app a secure and user-friendly e-shopping experience.
The Paypers
NOVEMBER 29, 2021
Arvato Supply Chain Solutions and the H&M Group have extended their partnership for the expansion of the distribution centre in Stryków, Poland, according to textileworld.com.
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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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