Payments Dive
JULY 21, 2022
As Resolve’s customers manage cash closely and navigate supply chain snags, CEO Chris Tsai expects the company’s BNPL model for B2B will stand out in a challenging economic environment.
Abrigo
JULY 21, 2022
Teaching branch staff these KYC tips can aid CDD compliance BSA Officers can help tellers and other branch staff learn how to ask questions that both foster relationships and support CDD compliance. . You might also like this resource, "Customer due diligence checklist." DOWNLOAD. Takeaway 1 Front-line teams are the eyes and ears of the bank or credit union and can support Customer Due Diligence (CDD) requirements.
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Payments Dive
JULY 21, 2022
Discover Financial Services CEO Roger Hochschild said executives at the company “hope” an internal investigation of its student loan practices concludes this year, as he side-stepped analyst queries on the subject.
Bobsguide
JULY 21, 2022
Montréal, July 19, 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, is expanding its presence in Canada with new facilities in Montréal to boost its North American operations and drive its international growth. TS Imagine opened its Montréal development hub in 2019 and is expanding to a new facility in July to help the firm serve clients worldwide.
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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
Payments Dive
JULY 21, 2022
Payments startups are getting caught in the venture funding downdraft. Investment dollars and deal-making dropped in the second quarter, according to a CB Insights report.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 21, 2022
The company is “transforming from a legacy check-printing company to a payments and data company," CEO Barry McCarthy said.
FICO
JULY 21, 2022
Home. Blog. FICO. Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. FICO. Tue, 02/18/2020 - 14:57. by Joanne Gaskin. expand_less Back To Top. Thu, 07/21/2022 - 15:30. In June, I had the pleasure of participating in a panel discussing credit access and financial education for women small business owners at the National Association of W
BankInovation
JULY 21, 2022
Cloud services are transforming business operations for financial institutions, providing a modern IT infrastructure while mitigating cyber risk. Referred to by IBM as “one of the most important shifts in the history of enterprise computing,” adoption of the public cloud is growing as organizations become more familiar with the advantages provided by the technology.
Bobsguide
JULY 21, 2022
• The financial technology firm expands bookings by 300% in H1 2022 versus prior period. • Company hires nearly 100 new staff globally in H1 2022, including senior appointments to support expansion. LONDON, 11 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, today announced strong growth during the first half of 2022, a year after TradingScreen and Imagine Software merged to become TS Imagine.
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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
SWBC's LenderHub
JULY 21, 2022
Indirect loans have become a common part of the modern lending landscape and while these products can be great for borrowers seeking the best rates and financial institutions hoping to expand their business, indirect lending also creates a unique set of challenges.
CFPB Monitor
JULY 21, 2022
We first discuss the practicalities and potential impact of implementing Director Chopra’s call in a recent blog post for simplification of consumer finance regulations and simple bright-line rules. We then examine the role and objectives of regulation such as predictability and responsiveness to stakeholder input and consider whether the CFPB’s current approach to regulation, including its abandonment of official staff commentary updates, furthers those objectives.
The Paypers
JULY 21, 2022
GoCardless , a provider of direct bank payments, has partnered with Xero , a small business platform, to provide its Instant Bank Pay feature to Xero’s customers in the UK.
CFPB Monitor
JULY 21, 2022
In West Virginia et al. v. Environmental Protection Agency et al. , the U.S. Supreme Court ruled that the Environmental Protection Agency (EPA) exceeded its authority under the Clean Air Act by devising carbon emission limits for existing power plants based on an approach involving a shift in electricity generation to cleaner sources than coal. To reach its decision, the Court invoked the “major questions doctrine,” a doctrine that requires an agency to point to “clear congressional authorizati
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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.
TheGuardian
JULY 21, 2022
She has learning disabilities and her regular bank, where she gets help from staff, is closing this month I have power of attorney for a relative with a learning disability. She withdraws cash on a weekly basis at her local Halifax with the help of staff. In March, I learned that the branch would be closing this month, so I immediately helped her apply for a basic account at NatWest.
CFPB Monitor
JULY 21, 2022
According to a WSJ report, the CFPB is preparing to release new guidance that would require banks to make refunds to victims of scammers who defraud consumers into sending money to a third party using an online money-transfer platform. The WSJ indicates that the CFPB’s possible action is being driven by an increase in consumer complaints to the CFPB about such scams. .
ABA Community Banking
JULY 21, 2022
The latest issue of the FDIC Quarterly explores loan performance at community banks in five manufacturing-concentrated states: Indiana, Kentucky, Louisiana, Michigan and Wisconsin. The post FDIC Quarterly highlights community bank performance in manufacturing states appeared first on ABA Banking Journal.
CFPB Monitor
JULY 21, 2022
On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act.
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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.
TheGuardian
JULY 21, 2022
‘Landmark’ for eight-year-old British enterprise as it turns £14m loss into £32m annual profit helped by Covid loans Starling Bank has reported its first annual profit thanks to a surge in lending, though executives played down the impact that a controversial boom in Covid loans had on its path to profit. The chief executive and founder, Anne Boden, said the latest set of earnings were a “landmark” for the eight-year-old digital bank.
The Paypers
JULY 21, 2022
Ondato , a Lithuania-based technology company that streamlines Know Your Customer (KYC) and anti-money laundering (AML) processes, has launched Ondato Risk Scoring.
Bussman Advisory
JULY 21, 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: FinTech valuations plummet by half a trillion Google Wallet starts rolling out worldwide Starling Bank reports first full year profit.
BankInovation
JULY 21, 2022
Michael Reynolds, business technology senior manager of digitization at KeyBank, will discuss how to use automation to detect and stop fraudulent transactions at the Bank Automation Summit Fall 2022 on Monday, Sept. 19, at 11:45 a.m. PT. Bank Automation Summit Fall 2022 takes place live at the Hyatt Olive 8 in Seattle Sept. 19-20, and […].
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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
JULY 21, 2022
Main Roads Western Australia has joined the Peppol e-invoicing network and become e-invoice compliant.
BankInovation
JULY 21, 2022
Huntington Bancshares announced today it expects to double its technology investment by the end of 2023. The $178.8 billion bank’s technology equipment spend in Q2 increased 17% year over year to $61 million, down 23% sequentially, according to today’s earnings presentation. Additional resources — including two acquisitions for the Columbus, Ohio-based bank’s consumer and investment […].
The Paypers
JULY 21, 2022
Global wealth management platform FNZ has announced acquiring Switzerland-based private banking technology company New Access.
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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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