Accenture
APRIL 7, 2022
Cyber-attacks are becoming more sophisticated all the time, and financial institutions are under enormous pressure to protect their customers and networks from this threat. SWIFT’s Customer Security Programme (CSP) is designed to ensure that financial institutions keep up with the controls they need to address cyber threats. With 23 mandatory controls and 9 advisories in….
Payments Dive
APRIL 7, 2022
The banks earn billions of dollars from credit and debit card interchange fees so why would they want Zelle stepping in to connect consumers directly to bank accounts? "Banks would never want to jeopardize interchange revenue," said one analyst.
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Abrigo
APRIL 7, 2022
The Key to Successful Mergers & Acquisitions Mergers and acquisitions are a great way to get ahead, but what might consolidation mean for your institution? You might also like this webinar, "Mergers & Acquisitions in a CECL Environment." WATCH . Takeaway 1 Due to their many benefits, mergers and acquisitions are on the rise in today's competitive financial marketplace.
CFPB Monitor
APRIL 7, 2022
As previously reported , the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that a borrower has applied for assistance from the Treasury Department’s Homeowner Assistance Fund (HAF). Fannie Mae and Freddie Mac have issued guidance documents implementing this requirement in Updated Lender Letter 2021-01 and Bulletin 2022-8 , respectively.
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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
Jack Henry
APRIL 7, 2022
Partnering with large financial technology companies can be a tremendous opportunity for fintechs to gain exposure to more financial institutions and end-users. In return, large technology companies can benefit from the innovative solutions fintechs offer that can help them stand out from the competition and exceed customer expectations. Regardless, there’s no doubt that these mutually beneficial relationships regarding fintech in the banking industry are the future.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
APRIL 7, 2022
London (5 April 2022): TS Imagine , the leader in trading, portfolio and risk management solutions for capital markets, today announces that it has successfully integrated with crypto platform Gemini. Using TradeSmart, the all-asset execution and order management system, TS Imagine clients are now able to connect to Gemini and place trades in Bitcoin, Ether and more than 75 other cryptocurrencies.
BankInovation
APRIL 7, 2022
Treasury Secretary Janet Yellen said a digital dollar would take years to develop if the U.S. decides to proceed with one, underscoring a deliberate approach by American policy makers as they flesh out their regulatory plans to address the rapid spread of digital assets. U.S. regulators are now engaged in a six-month review aimed at […].
Bobsguide
APRIL 7, 2022
Birmingham, Ala. April 4, 2022 – NXTsoft , a company focused on data connectivity, data analytics, data management and data migration announced plans today to accelerate adoption of leveraging APIs to automate and easily access data through a zero-integration effort called Connectivity as a Service for financial institutions and FinTechs. With major core processors such as Jack Henry announcing plans to “unbundle” core system components, as they prepare for implementation of Section 1033 in the
BankInovation
APRIL 7, 2022
Digital banking solutions providers Alkami and Backbase made plays to enhance their data analytics last week, with both deals focused in part on making transaction data more meaningful for financial institutions. Plano, Texas-based Alkami revealed Monday it will acquire Segmint for $135.5 million, with plans to close during the second quarter of 2022.
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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
APRIL 7, 2022
The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021. The issues described in the report consist of the following: Regulation E liability protections.
BankInovation
APRIL 7, 2022
As fraudsters continue to adapt and scale their attacks, more than half of all banks are now leveraging artificial intelligence (AI) to fight back. Fifty-seven percent of banks are using AI to beef up their anti-money laundering (AML) and Know Your Customer (KYC) processes, according to a report released last week by IT consultancy NTT […].
CFPB Monitor
APRIL 7, 2022
The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that a borrower has applied for assistance from the Treasury Department’s Homeowner Assistance Fund (HAF). HAF is a federal program that provides money to states, tribes, and territories to assist homeowners with housing costs.
Payments Dive
APRIL 7, 2022
Merchants are incurring tens of millions of dollars in additional interchange, or "swipe," fee increases that the big credit card companies Mastercard and Visa are deploying. There was a loud silence about the inevitability of those boosts this year.
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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.
CFPB Monitor
APRIL 7, 2022
Our special guests are the authors of a 259-page study, “ Reboot Required: The Civil Justice System Has Crashed ,” which makes the case that the civil justice system has been corrupted by corporations and no longer protects average Americans from corporate abuse. The study is accompanied by a draft model law intended to create new rights and protections for consumers.
ABA Community Banking
APRIL 7, 2022
The CFPB is examining the effects of a concentrated core platform marketplace on consumers and banks, CFPB Director Rohit Chopra said today. Speaking to the bureau’s community bank and credit union advisory councils, Chopra said he is “concerned that the core services providers that small players rely on have too much power in the system.”. The post Chopra: CFPB to query core providers over costs, contracts, service appeared first on ABA Banking Journal.
CB Insights
APRIL 7, 2022
Gaviti, a fintech company, has raised $9M in a Series A. The round drew participation from Flashpoint, North First Ventures, TAU Ventures, and Moneta VC, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy
Bussman Advisory
APRIL 7, 2022
FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: JPMorgan CEO Jamie Dimon to shareholders: Decentralized Finance, Blockchain are real Citi estimates $13T Metaverse economy by 2030 Amazon renews Prime credit card tie-up with JPMorg
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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.
FICO
APRIL 7, 2022
Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.
CB Insights
APRIL 7, 2022
Remote , a workforce management startup, has raised $300M in a Series C. The round drew participation from Accel, General Catalyst, SoftBank Group, and Sequoia Capital, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desk
ABA Community Banking
APRIL 7, 2022
Fifty-one state bankers associations wrote to lawmakers opposing the credit union industry’s “unnecessary” charter enhancement efforts as part of The Expanding Financial Access for Underserved Communities Act. The post State bankers associations: Pending credit union legislation is inappropriate, ineffectual appeared first on ABA Banking Journal.
The Paypers
APRIL 7, 2022
Pan-African fintech startup with a focus on gig economy ImaliPay has announced it received USD 3 million in a seed funding round, with the participation of Leonnis Investments, Ten 13, Uncovered Fund, My Asia VC, and others.
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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.
American Banker
APRIL 7, 2022
The Paypers
APRIL 7, 2022
LATAM fintech payment specialist PayRetailers has announced it acquired two important online payments platforms – Paygol , in Chile, and Pago Digital , in Colombia.
The Paypers
APRIL 7, 2022
BitPay , a provider of cryptocurrency payment services, has announced support for Bitcoin Lightning Network payments through its Payment Processing Platform.
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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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