Accenture

MARCH 30, 2021

The COVID-19 pandemic has driven a rapid uptake of digital banking around the world. The incredible speed of the adoption has rewritten some of the fundamentals of the industry, including how consumers behave and what they expect from banks in 2021. Our latest Global Banking Consumer Study, drawing on input from more than 47,000 consumers…. The post The personalities driving today’s banking consumers appeared first on Accenture Banking Blog.

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Study Digital Banking Industry Payments 407

Payments Source

MARCH 30, 2021

The Justice Department's probe of Visa highlights whether merchants are properly equipped to adapt to the cost of debit spending as more commerce goes digital. ]]. Compliance Debit cards DoJ Visa

Cards 138

Cards Compliance 138

Accenture

MARCH 30, 2021

Undoubtably, 2020 was a year of massive upheaval that put an increased spotlight on the state of digital transformation across industries around the globe.

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Retail Industry 360

Payments Source

MARCH 30, 2021

Visa has expanded its push payments platform to enable businesses and their customers to make real-time domestic and cross-border payments. ]].

Payments 150

Payments 150

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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

Accenture

MARCH 30, 2021

Canadian banks appear to be facing a paradox. The COVID-19 pandemic has kicked the uptake of digital banking into hyperdrive. Fifty percent of consumers now interact with their bank through mobile apps or websites at least once a week, compared to 32 percent in 2018. While this acceleration of digital interaction can drive cost efficiency,…. The post Five principles for Canadian banks wanting to build human connections in a digital age appeared first on Accenture Banking Blog.

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Digital Banking Mobile Study 293

BankInovation

MARCH 30, 2021

For financial institutions and banks, knowing everything there is to know about a customer and their account isn’t just good customer service—it’s the law. With hackers, identity thieves, and other bad players growing savvier every day, banks must redouble their efforts to verify that their customers are who they say they are. As such, banks […].

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Customer Experience 98

ABA Community Banking

MARCH 30, 2021

People expect to be treated individually and in a way that aligns with their values—in every business relationship. The post To Expand Your Reach, Think Hyper-Personal appeared first on ABA Banking Journal.

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Analysis Community Bank Digital Banking Community 98

BankInovation

MARCH 30, 2021

Blend continues its push to automate aspects of mortgage loans, today releasing a lend officer tool that automates parts of the lending process. The San Francisco, Calif.-based company will white label the loan officer (LO) toolkit as part of its mortgage point-of-sale platform, said John Whipple, a product manager at Blend and product lead for […].

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San Francisco Tools Lending Management 98

TheGuardian

MARCH 30, 2021

Lex Greensill described as ‘Senior Adviser, Prime Minister’s Office’, adding to pressure on David Cameron over links to failed financier Labour has renewed its calls for a full investigation into David Cameron’s role in the collapse of the Greensill finance empire after a business card emerged that appeared to confirm its founder, Lex Greensill, had a role at the heart of Downing Street.

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Cards Capital 98

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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

Report

Payments Source

MARCH 30, 2021

The move toward a cashless economy in China reveals a boom in actionable data, says Azoya USA's Franklin Chu. ]].

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Mobile Data Payments 111

TheGuardian

MARCH 30, 2021

Collapse of Archegos has reportedly prompted SEC and FCA inquiries into Credit Suisse, Goldman Sachs, Nomura and others UK and US regulators are looking into whether global investment banks breached rules by holding group discussions shortly before launching a fire sale of nearly $20bn worth of assets belonging to the distressed hedge fund Archegos Capital Management , according to reports.

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Meeting Regulation US Capital 79

Payments Source

MARCH 30, 2021

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Course cryptocurrency Payments 164

American Banker

MARCH 30, 2021

Over the past year, bankers have been able to sit back and field calls from borrowers eager to take advantage of low rates. Now, with rates rising, many in the industry will likely adopt a more aggressive approach. ]].

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Industry Marketing 81

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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

Payments Source

MARCH 30, 2021

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Retail Payments 160

ABA Community Banking

MARCH 30, 2021

President Biden today signed into law H.R. 1799, a bill extending the Small Business Administration’s Paycheck Protection Program. The post President Biden Signs PPP Extension Bill; Extends Program Through May 31 appeared first on ABA Banking Journal.

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Community Bank Community Lending 98

BankInovation

MARCH 30, 2021

Remote online notarization provider Notarize has raised $130 million in its Series D funding round, the firm announced Thursday. Notarize, which lets users have their documents notarized without leaving home, has seen a 600% increase in revenue since March 2020, according to the company. Its platform uses automation techniques like optical character recognition (OCR) and barcode scanning to verify documents. […].

Online 69

Online Company Compliance Regulation 69

Payments Source

MARCH 30, 2021

Retail 145

Retail Payments 145

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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.

US

BankInovation

MARCH 30, 2021

Automation is here to stay Over the course of the past decade and across industries, the most aggressive adopters of automation have been banking, financial services, insurance and health care. Document processing, specifically, has been an important focus area for most organizations supported by both regulatory tailwinds — most notably the transition away from Libor […].

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Course Industry 59

FICO

MARCH 30, 2021

This week marks approximately a year since our new normal started and became, well, our ‘new normal’. While the phrase has become a bit hackneyed (I did grit my teeth a bit while I wrote that first sentence), this past year the pandemic truly impacted not just major parts of our personal lives, but how we handle our fight against fraud and financial crime. .

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Fraud Data Resources Study 52

MyBankTracker

MARCH 30, 2021

There’s no doubt that the pandemic kicked off a period of financial uncertainty. It called for everyone to get smarter with their money for the sake of survival. The result could be a marked improvement in financial literacy. According to a recent MyBankTracker survey, nearly two-thirds (61%) of American respondents said that they feel more in control of their finances in the past year since the pandemic.

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Survey Study United States Millennials 52

FICO

MARCH 30, 2021

In an early ‘90s sketch by German comedy group Badesalz, a woman enters a music store to buy a drum computer as a present for her husband. The shop owner talks her through the details of an expensive device, demonstrating many of the pre-configured rhythms, which sound all the same. At one point, the woman inquires if the machine can also “do the Lambada”.

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Training Analytics Tools Examples 52

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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

MARCH 30, 2021

Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending. ]].

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Idaho Alaska Lending National 69

The Paypers

MARCH 30, 2021

The Federal Reserve of the US is actively working on a central bank digital currency and some prototypes are near completion.

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US 72

Payments Source

MARCH 30, 2021

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Cards Retail 116

The Paypers

MARCH 30, 2021

AliExpress Russia has invested in KazanExpress , a major regional ecommerce company from Russia, by acquiring a 30% stake.

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Regional Company 56

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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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