Wed.Jan 05, 2022

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Risk Governance ‘Critical for Bank Success’ Says ABA SVP of Risk

Banking Exchange

Other risks changing client practices raising visibility risk and cybersecurity risks among banks and third-party providers Risk Management Feature3 Feature Bank Performance Security Operational Risk Cyberfraud/ID Theft.

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Banks using outdated processes could draw 5x bigger fines in 2022

BankInovation

U.S. regulatory authorities may be less lenient about bank accounting and reporting errors stemming from old technologies — like spreadsheets — particularly for repeat offenses. Banks could see 500% higher fines for errors stemming from outdated, problematic methods. So predicts Bikram Singh, chief executive officer of Brunswick, N.J.-based EZOPS, a provider of an artificial intelligence […].

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Podcast: The Community Bank Digital Transformation Roadmap for 2022

ABA Community Banking

What's on the community bank roadmap for digital process improvement in 2022? On the latest episode of the ABA Banking Journal Podcast, Chris Bailey lifts the curtain on his bank's investments in digital signature management, conversational capabilities and client business optimization. The post Podcast: The Community Bank Digital Transformation Roadmap for 2022 appeared first on ABA Banking Journal.

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CSI extends streak to 3 core banking partnerships since November

BankInovation

Computer Services Inc.’s (CSI) NuPoint core platform will support the integrated banking solutions for de novo Cypress Bank & Trust, marking the core provider's third bank partnership for CSI since November 2021. “To successfully expand into banking services, it is imperative that we work with a provider that has the technology advancements and proven experience […].

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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McWilliams to Resign from FDIC after Director Conflict on Bank Merger Rules

Banking Exchange

FOI request on agency procedure for reviewing bank mergers sidelined by McWilliams says ABA Compliance Feature3 Feature Duties M&A Compliance Management Compliance/Regulatory.

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ChoiceOne Bank hires CFO

Banking Exchange

First Republic Bank, 1st Security Bank and KodyPay have also announced senior hires Management Feature Feature3 Human Resources Financial Trends Bank Performance.

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Cion Digital raises USD 12 mln in seed funding round

The Paypers

US-based Cion Digital , developers of an enterprise SaaS blockchain orchestration platform, has announced it has closed a USD 12 million Seed Capital raise.

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First Citizens completes CIT Group merger

Banking Exchange

First Financial and BankFirst also announced completion of M&A deals Community Banking Feature3 Feature Management M&A.

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Airtel Payment Bank receives scheduled bank approval in India

The Paypers

The Reserve Bank of India (RBI) has announced it has included Airtel Payment Bank in the list of approved financial institutions to operate as a scheduled commercial bank.

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The State of Automation in Financial Services 2024 Report

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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Survey: Four in 10 Businesses Expect Credit Needs to Rise in 2022

ABA Community Banking

Despite uncertainty related to COVID-19, four in 10 businesses say they expect their credit needs to increase in 2022, according to the JPMorgan Chase Business Leaders Outlook survey released today. The post Survey: Four in 10 Businesses Expect Credit Needs to Rise in 2022 appeared first on ABA Banking Journal.

Survey 59
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Xsolla to accept 700 local payment options from around the world

The Paypers

US-based video game commerce company Xsolla has announced the acceptance of over 700 local payment options from different parts of the world on its Xsolla Web Shop.

Video 45
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Bisignano, Foss and DuVal to Speak at Conference for Community Bankers

ABA Community Banking

Executives from the nation’s top core providers, including Fiserv CEO Frank Bisignano, Jack Henry CEO David Foss and FIS EVP Brian DuVal, will participate in live discussions on community banking, strategy, innovation, third party integration, conversions and contracts as part of ABA’s Conference for Community Bankers—to be held Feb. 20-22, in Palm Desert, California.

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A bank-merger moratorium isn’t just bad policy. It’s illegal.

American Banker

Policies 101
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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CellPoint Digital secures USD 25 mln investment for global expansion

The Paypers

UK-based fintech CellPoint Digital has received an investment worth USD 25 million from Toscafund and its private equity arm, Penta Capital , to penetrate new market verticals.

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Experian, TransUnion bringing buy now/pay later loans into credit reports

American Banker

Report 99
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Revolut to offer Commodities trading in Singapore

The Paypers

Revolut has received approval from the Monetary Authority of Singapore (MAS) to offer its Commodities wealth product to customers there.

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BofA to make $100 donation for each boosted U.S. employee

American Banker

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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What’s Exciting and New in 2022?

Image Works Direct

There’s a lot of excitement about the new year here at image.works. The week before Christmas we saw record-high sales, and we’re ready for you with fresh marketing ideas and creative energy!

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Adyen installs Android POS terminals

The Paypers

The Netherlands-based payment company Adyen has announced the launch of mobile Android POS terminals in the US, EU, and UK.

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Top Trends Transforming Business Banking in 2022 and Beyond

The Financial Brand

Fintechs are making deep inroads in the small business banking market, including lending, forcing banks to up their game. The post Top Trends Transforming Business Banking in 2022 and Beyond appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Mastercard and Banque Saudi Fransi release cashback credit card

The Paypers

Saudi Arabia-based Banque Saudi Fransi and Mastercard have partnered to launch a customisable cashback credit card.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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Military lenders developing new tech to serve soldiers in the field

American Banker

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Tradeling partners with MODIFI

The Paypers

Tradeling , an e-marketplace focused on business-to-business (B2B) transactions in the MENA region has signed a partnership agreement with MODIFI , the fintech that helps buyers and sellers finance and manage their trades.

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Building a ‘Virtual Branch’ from the Ground Up

The Financial Brand

Who says Zoom is only for bankers working from home? A virtual branch using video technology is doing everything except handling cash. The post Building a ‘Virtual Branch’ from the Ground Up appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Nubank adds Games, Travel and Pets to its ecommerce vertical

The Paypers

Nubank has added three new product categories – Games, Travel, and Pet – and ten new partner stores to its in-app ecommerce vertical.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.