Perficient

APRIL 14, 2022

The connection between technology and consumers in the insurance industry has never been more relevant. Although the insurance industry was already facing rising competition and customer expectations, the global pandemic forced our industry to take legacy processes and technologies, and transition to “digital” seemingly overnight. . With the rise in vaccination rates and a hopeful return to a “new normal,” it won’t be possible to put the genie back in the bottle and return to legacy operations.

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Payments Dive

APRIL 14, 2022

Mastercard's new partnership with the software provider is the latest in a string of added ties to fintechs aimed at expanding its payments and risk assessment tool offering.

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Risk Management Tools Management Software 273

Perficient

APRIL 14, 2022

In my over thirty years of experience in the financial services industry, I have learned a thing or two about completing, reviewing, and filing various types of reports — some of which have extremely tight restrictions and constraints to which the reporter must abide. This blog marks the first of a six-part series that will explain the intricacies of reporting OTC bond transactions so that they adhere to TRACE standards.

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BankInovation

APRIL 14, 2022

Citi plans to spend $11 billion on technology this year, an 11% year-over-year increase. “This year, we've budgeted approximately $11 billion, which is a 30% increase compared to 2020,” Stuart Riley, head of Institutional Client Group (ICG) technology and operations, said recently during Citi Investors Day 2022, which was referenced during the bank’s first-quarter earnings […].

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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

Lending

CFPB Monitor

APRIL 14, 2022

CFPB Director Rohit Chopra recently gave opening remarks at the joint meeting of the Community Bank and Credit Union Advisory Councils. In them, he expressed a desire to re-direct the CFPB’s attention to the needs of financial institutions used by local businesses and to make relationship banking a key priority for the CFPB. Director Chopra took the opportunity to highlight his concerns about the potential imbalance of power between core services providers that small banks and credit unions rel

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TheGuardian

APRIL 14, 2022

Wall Street lenders feel the pinch from Ukraine war and growth fuelled by easing of Covid restrictions wanes Goldman Sachs bankers saw their pay and benefits fall by nearly a third in the first quarter, as the end of the investment banking boom contributed to a near halving of profits. The Wall Street lender said it had put aside nearly $4.1bn (£3bn) to cover the costs of compensating staff over the first three months of the year – an average of $91,116 each for its approximately 43,900 global e

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CFPB Monitor

APRIL 14, 2022

The CFPB recently announced that it is updating its exam manual to direct its examiners to consider discriminatory conduct an “unfair” act or practice represents a significant expansion of its UDAAP authority. We discuss: the CFPB’s legal theory; types of products/services/bases for discrimination the CFPB could reach using unfairness and role of disparate impact analysis; what manual updates tell examiners to ask about and look at; implications for entities the CFPB does not supervise or have

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Analysis Groups Company 60

PopularBank

APRIL 14, 2022

A home equity line of credit (HELOC) uses the equity in your home (which is the difference between your home’s value and your mortgage balance) as collateral. Since HELOCs are secured against the equity value of your home, they offer competitive interest rates compared to unsecured borrowing options such as credit cards or personal loans. You may be sitting on more equity on your property than you realize.

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Tomorrow's Transactions

APRIL 14, 2022

At last week’s FDX Virtual Spring Global Summit, I received a glimpse into the huge strides being made by the Financial Data Exchange in the adoption of their data sharing API for the US market. In the context of minimal centralised regulation in the US, progress is driven by industry. This marks a substantial move… Continue reading Brazilians wow the world of Open Banking.

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US Regulation Data Industry 44

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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

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The Banker

APRIL 14, 2022

The governor of the National Bank of Romania speaks to Kit Gillet about the pandemic, key recent developments for Romania’s banking sector and the outlook for the period ahead.

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National 36

The Paypers

APRIL 14, 2022

Blinking , a provider of digital identity and user onboarding solutions, has partnered with IPification , a provider of mobile IP address-based authentication, user verification, and fraud prevention solutions.

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The Banker

APRIL 14, 2022

International banks are looking to shut up shop in Russia in response to the heavy sanctions imposed on the country, but they will face numerous challenges in doing so, even after they have made their exit. Burhan Khadbai reports.

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Report 36

The Paypers

APRIL 14, 2022

unico , a Brazil-based startup that develops digital identity protection solutions, has announced a USD 346.3 million funding round led by General Atlantic and SoftBank.

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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.

Lending

The Banker

APRIL 14, 2022

For eastern European economies like Romania, the unsettled times continue. The pandemic hit economic growth and now the war in nearby Ukraine, coupled with high energy prices and rising inflation, could lead to renewed challenges. Kit Gillet reports.

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Report 36

The Paypers

APRIL 14, 2022

Vodafone has improved its ‘VOXI For Now’ plan, helping those experiencing financial hardship to stay connected, following a partnership with Moneyhub.

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The Banker

APRIL 14, 2022

Last year was the most profitable year on record for Romanian banks, but this year is set to be challenging amid macroeconomic uncertainty. Kit Gillet reports.

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Report 36

The Paypers

APRIL 14, 2022

Australia-based MogoPlus has partnered with TrueLayer , a provider of Open Banking, to access financial data using Australia’s Consumer Data Right (CDR).

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Data 36

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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.

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American Banker

APRIL 14, 2022

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Lending 78

The Paypers

APRIL 14, 2022

Apple has planed to develop its own payment processing technology and infrastructure for future financial products to reduce reliance on outside partners.

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Apple Technology Payments 36

American Banker

APRIL 14, 2022

Customer Experience 74

Customer Experience Technology 74

The Paypers

APRIL 14, 2022

US-based B2B payments company TreviPay has entered the corporate accommodations market with its embedded payments solution for Choice Hotels.

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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.

Compliance

American Banker

APRIL 14, 2022

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The Paypers

APRIL 14, 2022

The National Payments Corporation of India ( NPCI ) has approved instant messaging platform WhatsApp to extend its payments service to 100 million users in India.

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American Banker

APRIL 14, 2022

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Strategy Compliance Regulation 73

The Paypers

APRIL 14, 2022

Crypto-payments company MoonPay has raised approximately USD 87 million in its latest funding round.

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Payments Company 41

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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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