Mon.May 23, 2022

Big tech pushes passwordless for payments

Payments Dive

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments

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Optimizing Loan Duration

South State Correspondent

Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige.

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CEOs Sound Off: BNPL takes aim at healthcare, legal costs

Payments Dive

Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand to cover big expenses in other areas

Treasuries Under Pressure as Week Opens

South State Correspondent

Treasuries Under Pressure as Week Opens. Equities are finding an early bid this morning off news that President Biden will review the China tariff policy. That comment boosted risk assets on the possibility that some tariffs may be rolled back.

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Agility makes the pieces fit for payments players

Accenture

As the payments ecosystem expands into the worlds of crypto and the metaverse, keeping up with customer expectations, regulations and technological shifts is becoming a big challenge for payments providers. The only thing we can be certain of is that things will keep changing!

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Overdraft and Offsetting the Gap

Gonzobanker

Banks and credit unions should be developing intentional strategies to counter the loss of overdraft fee income.

Part 4. Bitcoin is working for the people of El Salvador 

Daily Fintech

Quick recap; the Salvadoran Colon currency failed due to inflation, then they switched to the US Dollar and then they added Bitcoin as legal tender in 2021. El Salvador’s new Bitcoin law requires every trader who is technically able to do so to accept the cryptocurrency.

Podcast: How a CBDC would ‘fundamentally rewire our economy’

ABA Community Banking

In a special bonus episode of the ABA Banking Journal Podcast, ABA's Rob Morgan digs into the association's comments on the Federal Reserve's discussion paper on central bank digital currencies.

Plaid adds ID verification tool

BankInovation

Plaid released a biometric Identity Verification (IDV) tool last week that will integrate into its account linking services in an effort to streamline customer onboarding.

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Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Fed survey: Americans’ financial well-being improves in 2021

ABA Community Banking

Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. Households released today.

Listen: Banks should forget crypto payments, identify use cases

BankInovation

As crypto continues to gain traction with banks and financial institutions, experts are cautioning against moving away from its traditional use cases. Banks as diverse as $1.6

Wells Fargo Advisors Fined $7M over AML Failings

Banking Exchange

The firm has been penalized for failing to file anti-money laundering reports on time Compliance Compliance Management Compliance/Regulatory Feature3 Feature AML & Fraud BSA/AML. 1Compliance

Chase CIO: 3 advantages banks have in the race for tech talent

BankInovation

Banks have inherent advantages over fintechs in the race to recruit top tech talent although fintechs are often viewed as more efficient and faster-moving than banks.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Opposition to Digital Dollar Grows as ABA Rejects Idea

Banking Exchange

The trade body says a central bank digital currency could fundamentally change the nature of the US banking system The Economy Technology Lines of Business Duties Financial Trends Feature3 Fintech Feature Blockchain Cryptocurrency Bitcoin. 1Technology

US Bank leverages Real-Time Payment network with Apex Fintech Solutions

BankInovation

Fintech Apex Fintech Solutions is leveraging U.S. Bank’s real-time rails to offer real-time payments on its digital custody and clearing platform in the type of partnership the $587 billion bank hopes to foster with other fintechs in the future.

Scams are soaring. What should financial institutions do to better protect themselves and their customers?

Banking Exchange

Scams, the number one type of crime in the United States, continue to threaten financial institutions and their customers Feature Feature3 Cybersecurity Cyberfraud/ID Theft Risk Management Security Customers Outsourcing/Cloud Tech Management Mobile Online Cards. 1Risk Management

US Bank launches Spanish voice assistant for auto loan servicing, banking

BankInovation

Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app. The Minneapolis-based bank last month launched a Spanish-language version of its smart voice assistant — Asistente Inteligente de U.S.

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Fraud Attempts Up 41% in 2021, Report Shows

Banking Exchange

An increased use of mobile devices has molded the fraud landscape, according to NICE Actimize Risk Management Feature3 Feature Duties Cyberfraud/ID Theft Cybersecurity Security Mobile Online Tech Management Payments. 1Risk Management

Give Your Borrowers Peace of Mind for Mental Health Awareness Month

SWBC's LenderHub

Each year in May, we celebrate Mental Health Awareness month. After two years of pandemic stress, keeping up with constantly changing news cycles, and dealing with increasing economic uncertainty, we could all use a mental health boost. Customer Service & Loyalty

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Banks can bring stability to the stablecoin market

American Banker

Deposits Blockchain Cryptocurrencies

FinovateSpring 2022: Interview with Kathy Strasser, IncredibleBank

William Mills

At this year’s FinovateSpring in San Francisco, our CEO William Mills interviewed some of fintech’s top professionals to examine the latest technology and advancements in the industry.

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

BofA hikes minimum wage to $22 amid labor market pressure

American Banker

Expense management Compensation Workplace Branch banking

Detecting deepfakes: A new method using self-blended images is developed

Dataconomy

Deepfakes are mixtures of real and fraudulent material forged to appear genuine. When used by malicious people, their effects can be harmful. Thus, detecting deepfakes is crucial, and researchers continuously look for new methods.

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Two years after HELOC pullback, JPMorgan again eyes the business

American Banker

Mortgages Expense management Consumer banking

More than games and movies: Cyberpunk movement

Dataconomy

The term cyberpunk may be confusing for those unfamiliar with sci-fi, so we will explain cyberpunk definition and what this cultural phenomenon consists of in our article.

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The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.