South State Correspondent
JUNE 21, 2022
Last week the Federal Reserve hiked interest rates by 75 basis points – its most significant hike since 1994. This decision coincided with rate hikes by the Swiss National Bank, its first since 2007, the Bank of England, and the European Central Bank announced at an emergency meeting that they would raise interest rates next month and again in September.
Accenture
JUNE 21, 2022
It’s fantastic that banks are taking the lead in the fight against climate change. Over 50 banks from across the world have pledged to reach net-zero carbon emissions by 2050. And many more are set to follow. Banks can become stewards of the global economic transformation that’s protecting the future of our planet. But…. The post Six steps to help banks reach net-zero appeared first on Accenture Banking Blog.
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Payments Dive
JUNE 21, 2022
With friendly fraud, fintechs don’t always consider the whole picture when it comes to fraudulent disputes.
Cisco
JUNE 21, 2022
Financial institutions need to place cloud at the center of their corporate IT transformation strategy. Cloud is where technologies are converging, and products and solutions are being innovated. Whether public, private, hybrid or multi-cloud, financial institutions go with different cloud strategies that make sense for their organization. As such, central IT needs to play these three key roles in this transformation decision and implementation for financial institutions: Support the branch ba
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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
JUNE 21, 2022
As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
JUNE 21, 2022
Synthetic identities are increasingly used to attack buy now, pay later (BNPL) offerings, says Mike Cook, vice president of fraud solutions commercialization at identity verification firm Socure. “Synthetic identities take a different bunch of different forms, but basically, they're just identities that don't really exist,” Cook tells Bank Automation News in this episode of “The […].
CFPB Monitor
JUNE 21, 2022
The Federal Financial Institutions Examination Council (FFIEC) recently announced the public availability of Home Mortgage Disclosure Act data for 2021. The CFPB also released a summary of the data. The data include information on 23.8 million home loan applications, with 21.1 million being identified as closed-end loan applications. A total of 15 million applications resulted in loan originations. .
BankInovation
JUNE 21, 2022
It’s clear to see why automation is an attractive option for financial services institutions. The never-ending pressures of budget and staff reductions, increased offshoring of certain internal functions, the continued growth in fintech providers delivering niche offerings, and the pandemic ensuring that remote working is here to stay — all these challenges can be offset […].
CFPB Monitor
JUNE 21, 2022
I n a blog post published last week , the CFPB reported that since the beginning of 2022, it has been collecting data from supervised institutions on their overdraft and non-sufficient fund (NSF) practices and intends to use the information to identify institutions for further examination and review. The CFPB also plans to provide feedback to each institution and share the information with other regulators but will not make the information publicly available.
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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
PopularBank
JUNE 21, 2022
Popular Bank is thrilled to welcome Bertha Rozier as SVP of Retail and US Transformation. Based in New York, Bertha will oversee our retail business, leveraging her experience leading multi-disciplinary business units and her expertise in marketing, product, and customer experience. She joins Popular Bank’s senior management team with more than 30 years of financial industry experience. .
BankInovation
JUNE 21, 2022
Royal Bank of Canada is building up technology centers across Canada, beyond its Toronto headquarters, to help attract skilled workers in a tight labor market. The bank’s current focus is on its Calgary innovation hub, where it’s looking to reach 300 employees by the end of next year. The center, with about 65 staffers, opened […].
BankInovation
JUNE 21, 2022
Robotic process automation provider UiPath offered a deep dive into its process automation development during its recent virtual UiPath Integrations Summit. A series of best practices on Oracle NetSuite’s purchase order automation via APIs in UiPath Studio were highlighted in the presentation. Purchase orders are a key feature of many commercial and supply chain management […].
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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.
The Paypers
JUNE 21, 2022
Qatar National Bank (QNB) has launched its Open Banking platform for a wider audience including the bank’s customers, partners, and emerging fintechs in Qatar.
The Paypers
JUNE 21, 2022
Lithuania-based fintech Paysera has partnered with Globus Bank to enable Ukrainians to pick up transferred money in cash at the latter’s locations.
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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.
The Paypers
JUNE 21, 2022
Brazil-based broker XP has launched free digital accounts with services as deposits, transfers, payments, and debit cards, without the account maintenance fees charged by the retail banks.
The Paypers
JUNE 21, 2022
UK-based A2A payments provider GoCardless has launched Instant Bank Pay and an anti-fraud feature, Verified Mandates, in Germany.
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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
JUNE 21, 2022
WeChat , one of China’s most popular instant messaging and calling apps, has banned crypto-related accounts on its platform.
The Paypers
JUNE 21, 2022
Crypto payments firm MoonPay has launched a new service, HyperMint, which allows brands to mint up to 100 million non-fungible tokens (NFTs) at once.
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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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