Payments Dive

JUNE 8, 2023

The payments processor is “highly engaged in” seeking targets to build up its merchant unit in the retail and services verticals, said CEO Frank Bisignano.

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Payments Retail 284

BankUnderground

JUNE 8, 2023

Jonathan Acosta-Smith, Benjamin Guin, Mauricio Salgado-Moreno and Quynh-Anh Vo Over the past years, a growing consensus has acknowledged the need to construct a ‘ system [wherein] every financial decision takes climate change into account ‘ While such a system is still far from reality, market participants already produce and demand an increasing amount of climate-related information.

Policies 104

Policies Regulation Report Groups 104

Payments Dive

JUNE 8, 2023

The guidance is aimed at helping banks address the operational, compliance and strategic risks of third-party tie-ups, such as those with fintech firms.

FDIC 243

FDIC Risk Management Fintech Compliance 243

CFPB Monitor

JUNE 8, 2023

A group of federal agencies have proposed reconsideration of value (ROV) guidance for residential real estate valuations. The agencies are the Comptroller of the Currency (OCC), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (Board) and National Credit Union Administration (NCUA). Comments on the proposed guidance will be due 60 days after publication in the Federal Register.

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FDIC National Groups Lending 78

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Unlock the secrets to optimizing returns while navigating complex state regulations. With this webinar, gain exceptional insights from industry leaders, each with vast experience and expertise in commercial lending. They will delve into critical aspects of managing default rates in today’s dynamic lending landscape, including the formidable task of managing default rates across diverse states, each with its own legal intricacies and restrictions.

Lending

Payments Dive

JUNE 8, 2023

The two big U.S. card companies have diverging views on prospects for open banking. Will it make a difference in their rivalry?

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Cards Company 243

Payments Dive

JUNE 8, 2023

Acquiring the travel, entertainment and shopping concierge service may advance the bank’s interest in having customers use credit card points.

Capital 195

Capital Cards 195

CFPB Monitor

JUNE 8, 2023

For the past decade, Professor Jeff Sovern has criticized companies for including opt out provisions in their consumer arbitration clauses, even though such provisions give consumers freedom of choice by allowing them to reject arbitration without affecting the other contractual terms. Most recently, he argues that opt out provisions are actually what the FTC calls a “dark pattern”—a practice that “tricks users into making choices they would not otherwise have made and that may cause harm.” .

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Company 78

Dataconomy

JUNE 8, 2023

AI has become integral to our daily lives, and now the science world is exploring the potential of artificial intelligence in surgery. From virtual assistants like Siri and Alexa to marketing chatbots, self-driving Teslas, and advanced language models like ChatGPT, AI technologies have seamlessly integrated into our routines, and now it is aiming for the revolution in medical practices and patient care.

Data 88

Data System Operations Training 88

CFPB Monitor

JUNE 8, 2023

In a new “Issues spotlight” titled “ Chatbots in consumer finance ,” the CFPB discusses how chatbot technologies are being used by financial institutions and the limitations and risks of such technologies. The report, which is part of a concerted focus by the CFPB on the use of artificial intelligence and machine learning in consumer financial services, comes on the heels of the recent joint agency statement regarding enforcement efforts “to protect the public from bias in automated systems and

Report 78

Report Technology System 78

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Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.

Lending

American Banker

JUNE 8, 2023

Cashless ATMs — which imitate a typical debit card transaction but code them as cash withdrawals — can lead to hefty fines. But many dispensaries still use the devices, partly due to the murky legal environment that surrounds the entire weed industry.

ATM 86

ATM Payments Cards Industry 86

CFPB Monitor

JUNE 8, 2023

The Federal Reserve, FDIC, and OCC have released final interagency guidance for their respective supervised banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. The guidance is intended to provide principles for effective third-party risk management for all types of third-party relationships, regardless of how they may be structured. .

Risk Management 78

Risk Management FDIC Fintech Management 78

American Banker

JUNE 8, 2023

Financial institutions that received funding from the Emergency Capital Investment Program grew their loans by 35% between 2021 and 2022, according to new research. Now leaders at those institutions are turning their attention to the need for patient deposits.

Capital 74

Capital 74

CFPB Monitor

JUNE 8, 2023

In its 2016 decision in Spokeo v. Robins , the U.S. Supreme Court held that a plaintiff alleging a Fair Credit Reporting Act violation does not have standing under Article III of the U.S. Constitution to sue for statutory damages in federal court unless the plaintiff can show that he or she suffered “concrete,” “real” harm as a result of the violation.

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Pennsylvania Report 78

Advertiser: ZoomInfo

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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American Banker

JUNE 8, 2023

The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.

FDIC 74

FDIC Mississippi Lending Community 74

TheGuardian

JUNE 8, 2023

Bank removes all its ‘new business’ residential and buy-to-let products after surge in demand HSBC has temporarily withdrawn mortgage deals for new borrowers due to a surge in demand ahead of expected rate rises. The bank said on Thursday it would remove all its “new business” residential and buy-to-let products, with deals becoming available again on Monday.

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70

American Banker

JUNE 8, 2023

Consumer Financial Protection Bureau Director Rohit Chopra faces tough questions next week testifying before the Senate Banking Committee and House Financial Services Committee.

Regulation 73

Regulation Compliance Policies 73

TheGuardian

JUNE 8, 2023

Broking relationship with hedge fund to be severed after news report details alleged incidents, which Odey denies The investment banking company Morgan Stanley is to cut its relationship with the multimillionaire hedge fund manager and Conservative donor Crispin Odey after allegations of sexual misconduct were made by multiple female employees. Morgan Stanley is cutting its prime broking relationship with his firm, Odey Asset Management (OAM), after the Financial Times on Thursday reported alleg

Report 61

Report Management Company 61

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With the number of loans maturing over the next couple of years, time is of the essence and automation is imperative. Loan modification automation empowers lenders with advanced technology to handle a high volume of loans when needed most. Shifts in the market, combined with over a trillion dollars in commercial loans maturing in 2023, intensify the need for automated documentation solutions.

Video

American Banker

JUNE 8, 2023

Federal bank regulators issued proposed guidelines for banks and other mortgage lenders to craft policies around reconsideration of value requests. The move is the latest aimed at rooting out bias in home appraisals.

Regulation 68

Regulation Policies Guidelines Compliance 68

BankInovation

JUNE 8, 2023

The completion of the intercontinental railroad in 1869 was a watershed moment in American history. It opened a new chapter in the country’s economic growth as the connection of the two coasts by rail made the transfer of resources in the West to markets in the East easier, faster and safer.

Resources 52

Resources Technology Marketing Payments 52

American Banker

JUNE 8, 2023

Threat intelligence has become a viable option for banks looking to gain insights about fraudsters communicating on Telegram with other criminals.

Fraud 69

Fraud Cyber Security Security Technology 69

BankInovation

JUNE 8, 2023

TD Bank is redesigning its mobile banking app to create an easier and more connected user experience as mobile banking demand grows, Head of Canadian Personal Banking at TD Bank Michael Rhodes said at today’s Investor Day 2023 event.

Mobile 52

Mobile User Experience Retail 52

Advertiser: ZoomInfo

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

Strategy

FICO

JUNE 8, 2023

Home Blog Feed test EV and the Future of Hyper-Personalized Automotive Experiences Steve Greenfield, CEO and Founder of Automotive Ventures, discusses how electric vehicles will drive hyper-personalization in this Q&A from FICO Mastermind Wed, 04/12/2023 - 22:39 JenniferPiccinino@fico.com by FICO expand_less Back to top Thu, 06/08/2023 - 16:20 The FICO Mastermind event is an event for executives, influencers and decision-makers in the vehicle finance industry.

Fraud 52

Fraud Retail Data Payments 52

TheGuardian

JUNE 8, 2023

Offer to write off some of the nearly £1bn owed by publisher submitted to lenders Lloyds Banking Group Analysis: how the Barclay empire lost its grip on the Daily Telegraph The former owners of the Daily and Sunday Telegraph have made an attempt to regain control of their media assets after they were put up for a sale in a bitter row with lenders. The Barclay family has submitted an offer to Lloyds Banking Group that would reportedly allow them to write off some of the nearly £1bn in debts owed

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Groups Analysis Report National 57

American Banker

JUNE 8, 2023

Regulators need to recognize the uniqueness and potential of cryptocurrency instead of seeking to fit crypto assets into an outdated regulatory framework.

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cryptocurrency Regulation Bitcoin 62

TheGuardian

JUNE 8, 2023

MPs question why some savers are receiving only 0.25% despite 12 consecutive Bank of England interest rate rises Business live – latest updates Britain’s biggest banks need to “up their game” and stop fobbing off millions of loyal customers with “measly” savings rates, according to the head of an influential committee of MPs. MPs on the Commons Treasury committee have been investigating why, when the Bank of England interest rate has increased 12 times in a row to 4.5% , many leading banks are s

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Groups 49

Speaker: Data Robot

Enterprise AI maturity has evolved dramatically over the past 5 years. Most enterprises have now experienced their first successes with predictive AI, but the pace and scale of impact have too often been underwhelming. Now generative AI has emerged and captivated the minds and imaginations of leaders and innovators everywhere. Join our DataRobot experts to reflect on lessons learned from helping hundreds of enterprises grow their AI maturity over the past 5 years.

Innovation