Accenture
JUNE 2, 2022
Far-sighted banks in Europe, such as BBVA, are moving quickly to overhaul their operations systems, processes and procedures. By streamlining these key functions and pulling in intelligent digital technologies to support their workforces, they’re set to achieve big gains in efficiency. Some banks have already cut operating costs by as much as 40 percent in….
Payments Dive
JUNE 2, 2022
PayPal, Klarna and Bolt have chopped their workforces in the face of mushrooming macro-economic pressures, suggesting a potential fintech shakeout in the offing.
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Abrigo
JUNE 2, 2022
Taking the CAMS exam: Are you ready to be a student again? These expert tips for studying and reviewing ACAMS material can help you pass the CAMS exam with flying colors. Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Determine your learning style to find study practices that will help you learn and retain information. Takeaway 2 Focus on your weakest areas and use ACAMS flashcards and practice exams for review.
Payments Dive
JUNE 2, 2022
The partnership comes as buy now-pay later providers seek to expand their customer bases amid market volatility and regulatory pressure.
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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
TheGuardian
JUNE 2, 2022
Third largest bank in the US has faced a series of scandals, from fake accounts to mass overtime pay violations Workers at Wells Fargo, the third largest bank in the US, are pushing to organize a union across the bank’s workforce with Wells Fargo Workers United , a campaign with the Committee for Better Banks , which successfully won the first union contract in the banking industry in 40 years at Beneficial Bank in 2021.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
JUNE 2, 2022
The U.S. Court of Appeals for the Ninth Circuit, in CFPB v. CashCall , has rejected CashCall’s constitutional challenge, affirmed the district court’s finding that the corporate defendants and its CEO were liable for engaging in deceptive practices in violation of the CFPA in connection with CashCall’s tribal loan program, ordered the district court to reassess the civil penalty amount using a higher tier, and vacated the district court’s denial of restitution.
TheGuardian
JUNE 2, 2022
We have the chance to guarantee the human right to housing – rather than a real-life game of Monopoly. We must take it Leilani Farha was the UN special rapporteur on the right to housing from 2014-2020 Two years ago, when Covid-19 was declared a pandemic, I had a strange sense of optimism. I wondered if this crisis might be one of opportunity, rather than opportunism.
CFPB Monitor
JUNE 2, 2022
The California Supreme Court has ruled in Pulliam v. HNL Automotive Inc. that the FTC Holder Rule’s limit on a consumer’s “recovery” to the “amounts paid by the debtor” under the contract does include the consumer’s attorney’s fees where a buyer seeks fees from a holder under a state prevailing party statute. The decision has the potential to significantly increase the amount of money a plaintiff can recover when proceeding against a dealer/seller under the FTC Holder Rule.
BankInovation
JUNE 2, 2022
Automation vendor UiPath in May added a former Google Cloud executive as its co-chief executive. Robert Enslin became co-CEO on May 16, joining co-founder Daniel Dines as the robotic process automation (RPA) vendor looks to clear $1 billion in revenue for the year. Enslin most recently served as president of cloud sales at Google Cloud, […].
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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
CB Insights
JUNE 2, 2022
Mondu , a B2B buy now, pay later (BNPL) platform, has raised $43M in a Series A. The round drew participation from Valar Ventures, Cherry Ventures, and FinTech Collective, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-d
BankInovation
JUNE 2, 2022
Attacks on financial institutions’ websites by bad bots are on the rise, with their penetration tactics growing more sophisticated and challenging to detect. Data security services provider Imperva tracked a spike in advanced bad bot traffic to financial services’ websites during the fourth quarter of 2021 — including a 156% leap in October. “This breed […].
The Paypers
JUNE 2, 2022
Netherlands-based calling app Talk360 secured USD 4 million in funding to expand operations and to launch a new pan-African payment platform in mid-2022.
BankInovation
JUNE 2, 2022
JPMorgan is committed to facilitating $2.5 trillion for sustainable green projects or companies investing significantly in green projects — and most global banks have a similar commitment. Rama Variankaval, global head of the Center for Carbon Transition at JPMorgan, revealed the trend during the recent Bank for International Settlement (BIS) Innovation Summit.
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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 2, 2022
ICICI Bank has announced the launch of an array of new facilities on its online outward remittances platform, ‘Money2World’ (M2W).
American Banker
JUNE 2, 2022
The Paypers
JUNE 2, 2022
Germany-based Sustainability-as-a-Service solution provider ecolytiq has closed their investment round, raising EUR 13,5 million from Visa.
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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 2, 2022
US-based BNPL platform that serves world’s top travel brands, Uplift , has announced an extended partnership with ultra-low-cost carrier Spirit Airlines to offer limited-time interest-free installment payments for qualified customers.
American Banker
JUNE 2, 2022
The Paypers
JUNE 2, 2022
US-based fraud prevention company LexisNexis Risk Solutions has acquired Flyreel , a property insurtech that uses AI and machine learning to enable self-service property inspections.
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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 2, 2022
UK-based identity verification software provider Sumsub has recently published a new guide: KYC for the crypto industry: how to successfully balance compliance and pass rates.
The Paypers
JUNE 2, 2022
DigiDoe , a UK-based startup, has launched a Banking-as-a-Service (BaaS) solution which enables businesses to launch a new digital bank withing 72 hours.
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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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