Accenture

MARCH 29, 2021

Canadian banks appear to be facing a paradox. The COVID-19 pandemic has kicked the uptake of digital banking into hyperdrive. Fifty percent of consumers now interact with their bank through mobile apps or websites at least once a week, compared to 32 percent in 2018. While this acceleration of digital interaction can drive cost efficiency,…. The post Five principles for Canadian banks wanting to build human connections in a digital age appeared first on Accenture Banking Blog.

Digital Banking 195

Digital Banking Mobile Study 195

Payments Source

MARCH 29, 2021

There are ways to remove bad actors from the industry — such as reinstating the Consumer Financial Protection Bureau’s payday lending rule and banning certain fees and collection practices — without hindering consumers’ access to emergency credit. ]].

Lending 164

Lending Regulation Industry 164

Bobsguide

MARCH 29, 2021

The receivables finance industry is particularly at risk from corporate fraud with many concerned about the possible disincentivising impact that increased invoice finance fraud might have on lenders at a time when businesses need their support more than ever. Fortunately, and largely owing to.

Fraud 148

Fraud Industry 148

SWBC's LenderHub

MARCH 29, 2021

Last Week: Last week saw the resumption of the rotation trade in equities as large-cap value stocks outperformed small-cap and growth stocks. The Treasury market survived another supply deluge as the Treasury auctioned off approximately $180 billion in debt (two-year, five-year, and seven-year).

Marketing 147

Marketing Capital 147

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

Payments Source

MARCH 29, 2021

Large U.S. banks are directing their venture capital dollars to fintechs in capital markets, wealth management and "future-proofing." ]].

Fintech 165

Fintech Capital Management Marketing 165

ATM Marketplace

MARCH 29, 2021

Brutal force attacks on ATMs are on the rise, and often with explosives, with news of these attacks publicized on an almost daily basis. Along with logical attacks are malware and specialist electronics that gain control of the ATM and access to customer data and funds.

ATM 120

ATM Survey How To Data 120

Payments Source

MARCH 29, 2021

The minor league team is opening a new stadium and year round market with checkout-free concessions, part of a broader trend at sports facilities to dump paper, plastic and lines. ]].

Trends 110

Trends Payments Marketing 110

Bobsguide

MARCH 29, 2021

Not only have the operational challenges of remote working and market volatility stretched reporting teams to their limit since the beginning of the pandemic, financial institutions are expected to ‘do more with less’ whilst still complying with complex regulatory demands and operating.

Report 97

Report Data Operations Marketing 97

BankInovation

MARCH 29, 2021

The $1.6 billion Progress Bank will manage its cybersecurity services and network operations by outsourcing them to SEI, a provider of wealth and investment management solutions. IT Officer Greg Jones, of Progress Bank, said the financial institution was among the first to pilot the service with SEI and signed on formally after the proof of […].

Management 96

Management Operations Security 96

Advertisement

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

TheGuardian

MARCH 29, 2021

Effect of Covid lockdown on shoppers is underlined in Bank of England report Coronavirus – latest updates See all our coronavirus coverage A slump in credit card spending in February dragged down UK consumer credit growth to a 27-year low as the second month of the latest coronavirus lockdown restricted the scope for shoppers to spend in high streets and on outdoor activities.

Cards 97

Cards Report 97

Payments Source

MARCH 29, 2021

Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. ]].

blockchain 88

blockchain System Technology Payments 88

CFPB Monitor

MARCH 29, 2021

The CFPB has issued its annual Fair Debt Collection Practices Act report covering the CFPB’s and FTC’s activities in 2020. Debt collectors should expect increased scrutiny from the CFPB in 2021, with both Acting Director Uejio and Director-nominee Rohit Chopra having identified unlawful debt collection practices as a CFPB priority target. In addition to a description of the FDCPA-related findings from the Bureau’s Summer 2020 Supervisory Highlights and Special Edition of Supervisory Highlights

Report 78

Report New Jersey United States New York 78

Banking Exchange

MARCH 29, 2021

The housing market is still thriving but the refinance market is slowing Mortgage Credit Mortgage Mortgage Compliance Mortgage/CRE Feature Feature3 The Economy Covid19.

Compliance 78

Compliance Marketing 78

Advertisement

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

CFPB Monitor

MARCH 29, 2021

The CFPB has issued its Consumer Response Annual Report , which analyzes the approximately 542,300 complaints received by the CFPB between January 1 and December 31, 2020. The number of complaints received in 2020 represents a nearly 54% increase over the approximately 352,400 complaints received in 2019. The report details the trends in consumer complaints across various categories and provides information about the CFPB’s process for handling complaints.

Report 78

Report Community Meeting Company 78

American Banker

MARCH 29, 2021

Sen. Pat Toomey, R-Pa., warned the regional Federal Reserve bank that its papers about environmental, social and corporate governance policies hurt its ability to stay neutral on partisan issues. ]].

San Francisco 93

San Francisco Regional Policies 93

ATM Marketplace

MARCH 29, 2021

There’s just something about that squat box of cash that makes you want to bust it open. But how easy is it, really?

ATM 91

ATM 91

American Banker

MARCH 29, 2021

Large U.S. banks are directing their venture capital dollars to fintechs in capital markets, wealth management and "future-proofing." ]].

Fintech 101

Fintech Capital Management Marketing 101

Advertisement

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

TheGuardian

MARCH 29, 2021

Directors pay for fruit and snack bundles for juniors as workers at other firms get bonuses and Pelotons Bosses at Goldman Sachs have been sending sympathy snack boxes to overworked junior London bankers in response to complaints over “inhumane” 100-hour weeks that have affected their physical and mental health. The one-off hampers, full of fruit and snacks, are understood to have been paid for by managing directors out of their own pockets, since Goldman has not offered any company-wide gifts o

Management 75

Management Report Company 75

American Banker

MARCH 29, 2021

The economy is poised to rebound, meaning loan demand and hiring will pick up, some observers say. Others argue that banks have plenty of reasons to cut jobs given industry consolidation, the growth of digital banking and expectations that low interest rates will persist. ]].

Digital Banking 85

Digital Banking Industry Management 85

BankInovation

MARCH 29, 2021

U.S. Bank rolled out a new savings tool Friday that uses artificial intelligence (AI) to help its customers decide how much they should be saving. The “Pay Yourself First” tool, powered by technology from the fintech Personetics, identifies and recommends potential savings for users by analyzing variables like cash flow and debt-to-income ratios. According to its Friday announcement, the $554 billion U.S.

Tools 69

Tools Fintech Mobile Technology 69

American Banker

MARCH 29, 2021

The federal banking and credit union agencies want input about how financial institutions use artificial intelligence for credit underwriting and other purposes, and about whether additional regulatory guidance is needed. ]].

Industry 82

Industry Regulation FDIC 82

Advertisement

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

TheGuardian

MARCH 29, 2021

The former prime minister’s actions on behalf of a financial firm leave him a diminished figure David Cameron has yet to comment on the revelation that he unsuccessfully badgered Rishi Sunak to agree to emergency loans for a company in which he had share options. Last week, the lobbying watchdog (created by Mr Cameron) ruled that, as he was technically an employee of the firm, the former prime minister broke no rules by repeatedly texting the chancellor’s private number.

Capital 75

Capital Report Company Industry 75

American Banker

MARCH 29, 2021

The Cities for Financial Empowerment Fund, a nonprofit that seeks to improve financial stability of low- and moderate-income households, validated the account under its Bank On initiative. ]].

Groups 72

Groups 72

TheGuardian

MARCH 29, 2021

US hedge fund reportedly defaulted on margin calls, forcing a fire sale of about $20bn worth of stocks The investment banks Nomura and Credit Suisse have warned they are facing “significant” losses after a US hedge fund reportedly defaulted on margin calls, forcing a “fire sale” of an estimated $20bn (£14.5bn) worth of stocks that threatens to ripple across global markets on Monday.

US 75

US Marketing Report 75

The Paypers

MARCH 29, 2021

Visa has announced it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, according to Reuters.

cryptocurrency 74

cryptocurrency Payments 74

Advertisement

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