CFPB Monitor

JUNE 20, 2022

The CFPB has issued a request for information (RFI) that seeks comments from the public “on what customer service obstacles consumers face in the banking market, and specifically what information would be helpful for consumers to obtain from depository institutions pursuant to section 1034(c) of the Consumer Financial Protection Act.“ Section 1034(c) requires depository institutions subject to CFPB supervision (i.e. those with more than $10 billion in assets) to provide timely responses to cons

Payments 148

Payments Fintech Policies Regulation 148

TheGuardian

JUNE 20, 2022

Bank of England feels other measures will play stronger role in guarding against household debt Lenders will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England ditched a rule originally designed to avoid another 2007-style credit crunch. The rule, introduced in 2014, was intended to make sure borrowers did not take on more debt than they could afford, and potentially “amplify” an economic downturn and put financial stabili

Payments 111

Payments 111

CFPB Monitor

JUNE 20, 2022

The U.S. Supreme Court has once again confirmed that the Federal Arbitration Act (FAA) preempts incompatible state laws that preclude contracting parties from controlling which claims are subject to arbitration. Ruling in favor of the employer in Viking River Cruises, Inc. v. Moriana , the Court held that the California courts erred in refusing to compel arbitration of an employee’s individual claim under the State’s Private Attorneys General Act (PAGA).

California 78

California Los Angeles Policies Mobile 78

Dataconomy

JUNE 20, 2022

Quantum cloud computing is a field that emerged with the convergence of quantum computing and cloud computing, two of the most influential technologies of our time. In the simplest terms, quantum cloud computing enables quantum computing resources to be available over the cloud. Quantum computers compute differently, allowing them to.

Resources 98

Resources Technology Trends 98

Advertiser: Data Robot

Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

Technology

CFPB Monitor

JUNE 20, 2022

The CFPB’s new blog post titled “Buy Now, Pay Later and Credit Reporting” appears intended to send a message about the CFPB’s expectations to industry. . For companies offering buy-now-pay-later (BNPL) products, the CFPB’s message is that “when BNPL payments are furnished [to CRAs] it is important that lenders furnish both positive and negative data.

Payments 78

Payments Report Data Industry 78

CFPB Monitor

JUNE 20, 2022

Delivering the keynote address last week at the Consumer Federation of America’s 2022 Consumer Assembly, CFPB Deputy Director Zixta Martinez indicated that the CFPB “is taking a close look” at “’rent-a-bank’ schemes.”. Deputy Director Martinez commented that “[s]ome lenders attempt to use [relationships with banks] to evade state interest rate caps and licensing laws by making claims that the bank, rather than the non-bank, is the lender.

FDIC 78

FDIC California Texas Fintech 78

Dataconomy

JUNE 20, 2022

Algorithms with predictions is a new approach that takes advantage of data insights that machine learning technology may provide into data that conventional methods may not handle. Algorithms are the basic tools of modern computing. Algorithms are the machinery inside a watch, executing pre-defined operations within more complex programs. Their.

Operations 79

Operations Data Tools Technology 79

FICO

JUNE 20, 2022

Home. Blog. FICO. How Might Buy Now, Pay Later Loans Impact FICO® Scores? Key findings from FICO research on consumer credit files with recently opened Buy Now, Pay Later loans. NicholetteLarsen@fico.com. Tue, 03/23/2021 - 22:16. by Suna Hafizogullari. expand_less Back To Top. Mon, 06/20/2022 - 15:00. In our last blog post , we discussed key considerations in the impact to the FICO® Score of Buy Now, Pay Later (BNPL) accounts being included in the consumer credit file based on our research on da

Payments 52

Payments Analysis Report Data 52

Dataconomy

JUNE 20, 2022

Opposable thumbs have played an essential role in the evolution of our species. However, if evolution had given us two additional thumbs, things would not be much different. A single thumb on each hand is sufficient.

Technology 69

Technology US 69

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

Fraud

Bank Activities

JUNE 20, 2022

By Zoran Temelkov June 2022. The Swedish fintech Juni has successfully closed another funding round raising $206 million in debt and equity. The $100 million Series B round was led by Mubadala Capital and supported by existing investors, EQT Capital, Partners DST Global, Cherry Ventures, and Felix Capital. The company also received an additional $106 million in venture debt financing from TriplePoint Capital, which will be used to support the expansion of eCommerce businesses.

Fintech 41

Fintech Security Capital Company 41

Dataconomy

JUNE 20, 2022

What is the data engineer job description and salary in 2022? Are you wondering the difference between entry-level, senior, and process data engineer job descriptions? You’ve come to the correct location if you’re searching for answers. Over the years, data and its related disciplines have seen a paradigm shift.

Data 41

Data 41

American Banker

JUNE 20, 2022

Innovation 91

Innovation Digital Banking 91

The Banker

JUNE 20, 2022

In the choppy waters of the Turkish economy, where soaring inflation and exchange rate volatility are a growing menace, the country’s banks are facing a new complication: a wave of regulation. James King reports.

Regulation 36

Regulation Report 36

Advertiser: Data Robot

As enterprises evolve their AI from pilot programs to an integral part of their tech strategy, the scope of AI expands from core data science teams to business, software development, enterprise architecture, and IT ops teams. Enterprises need a platform that can make broader AI teams more productive, implementing more complex use cases and harnessing the fast pace of new AI technologies.

Strategy

American Banker

JUNE 20, 2022

Fraud 87

Fraud Payments Digital Banking 87

The Paypers

JUNE 20, 2022

Russia’s Rostec Group , a government organization, has developed a blockchain platform to launch a digital system for international payments capable of replacing the global SWIFT system.

blockchain 30

blockchain Payments System Groups 30

American Banker

JUNE 20, 2022

Data 78

Data Regulation Compliance 78

The Paypers

JUNE 20, 2022

Australia-based Greater Bank and SAS have joined forces to deliver a new fraud detection and anti-money laundering solution that improves the protection of its customers.

Fraud 24

Fraud 24

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

Case Study

American Banker

JUNE 20, 2022

Community Bank 77

Community Bank Community 77

The Paypers

JUNE 20, 2022

Fintech PingPong has entered a direct partnership with JCB , whereby Hong Kong-based merchants will be able receive online payments from JCB cardholders.

Fintech 24

Fintech Payments Online 24

Fintech Labs Insights

JUNE 20, 2022

Part of Silicon Valley’s secret sauce are stock options which help attract/retain employees while keeping salary costs in check. While that works great for VC-fueled growth stories, it doesn’t work so well (or at all) for most normal small and medium businesses. For most employees, cash is king and is the deciding factor on where they work. Year-end cash bonuses are a great way to incentivize employees and retain them (at least through year-end).

Capital 15

Capital Boston Fintech Cards 15

The Paypers

JUNE 20, 2022

US-based cryptocurrency specialist Crypto Leaks has launched a new platform that exposes scams and corruption in the cryptocurrency space.

cryptocurrency 25

cryptocurrency Report US 25

Advertiser: Data Robot

An organization’s path to AI success can be full of obstacles, from a proper assessment of its own AI maturity, to a better alignment between business and technical teams, many factors can influence the outcomes. All of this is tightly intertwined with a myriad of complicated technical decisions that can make or break any long-term AI strategy. While AI progress is hard, companies don’t have to get stuck in an endless loop of inertia on their path to value-driven AI.

Strategy

The Paypers

JUNE 20, 2022

Bajaj Finance has partnered with Worldline to develop point-of-sales (POS) payments acquiring solutions for its merchant network, according to mint.

Payments 24

Payments 24

The Paypers

JUNE 20, 2022

Ecommerce company Appletree Digital Commerce has launched its One Million African Traders Online (TOMATO) solution to address the lack of opportunities for SMEs available in Africa.

Online 15

Online Company 15

The Paypers

JUNE 20, 2022

The Government of the United Kingdom has announced in June 2022 a new plan to grow the country’s economy to tackle the cost of living, including new regulation to protect millions from the potentially negative aspects of local BNPL service providers.

Regulation 14

Regulation 14

The Paypers

JUNE 20, 2022

tell.money , a fintech solution that delivers Open Banking services, has partnered with Toqio , a fintech SaaS platform that allows organizations to build and launch fintech propositions.

Compliance 13

Compliance Fintech 13

Advertisement

What to expect? The commercial and industrial (C&I) lending sector has been undergoing a transformation in recent years thanks to technological advancements and changes in customer expectations. The traditional way of lending, where commercial lenders relied on manual attorney processes and legacy software solutions, is slowly becoming obsolete.

Lending