Payments Dive
APRIL 11, 2022
With the launch of its new checking service, American Express aims to expand its relationship with cardmembers — and not miss out on attracting consumers drawn to debit cards.
South State Correspondent
APRIL 11, 2022
March CPI and More Treasury Supply Likely to Keep Pressure on Yields. We open the week with Treasuries continuing to be on the back foot as yields probe ever higher. The 10yr is at 2.75%, the highest level since January 2019. The upward pressure on yields is likely to remain this week as the March CPI report, due tomorrow, is expected to be another ugly report.
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SWBC's LenderHub
APRIL 11, 2022
Last Week. Last week was highlighted by carnage in the long end of the Treasury yield curve as both Federal Reserve Vice-Chairwoman Lael Brainard and Kansas City Federal Reserve Bank President Esther George took to the airwaves to say that the Fed would be reducing its $8+ trillion balance sheet very soon.
TheGuardian
APRIL 11, 2022
Sanctions are designed to make it difficult for Russia to make sovereign debt payments to foreign investors Russia-Ukraine war: latest updates Russia’s finance minister has said the Kremlin will take legal action if the west tries to force it to default on its sovereign debt as part of sanctions placed on the country after Vladimir Putin’s invasion of Ukraine.
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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
BankInovation
APRIL 11, 2022
Banking as a service (BaaS) now represents a $7 trillion market opportunity, and financial executives are quickly moving toward offering their own services. Core provider Finastra last month published its “Banking as a Service: Outlook 2022” report, which found that 85% of bank and financial services executives are implementing BaaS solutions at their institutions, and […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
APRIL 11, 2022
Consumers are changing the way they interact with their finances and increasingly believe that their needs are not being met by their current financial service providers. In fact, 70% of consumers would likely open an account at a different financial institution for new products. Fintechs are coming to the market every day that can easily […].
SWBC's LenderHub
APRIL 11, 2022
The way home appraisals and valuation services are conducted is changing. The introduction and wide acceptance of desktop and hybrid appraisals during the COVID-19 pandemic have led GSEs Fannie and Freddie to update and standardize the methods used to measure, calculate, and report floor plan details used in these appraisals.
BankInovation
APRIL 11, 2022
Sixty-two percent of banks say the complexity and risks associated with handling personal data for artificial intelligence (AI) often outweigh the benefits to customer experience. That’s according to The Economist Intelligence Unit survey sponsored by core provider Temenos. While data can be a challenge, there are three steps organizations can take to better manage that […].
CFPB Monitor
APRIL 11, 2022
The FTC has announced the settlement of a lawsuit filed jointly with the Illinois Attorney General against a group of auto dealerships that alleged the dealerships violated federal and state law by engaging in deceptive practices in connection with add-on charges and by discriminating against Black consumers in connection with the financing of vehicle purchases.
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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
BankBazaar
APRIL 11, 2022
Keep an eye out for these money-related red flags that may indicate bigger problems later that may not be easily fixable. Just like with everything else in your equation with your significant other, you need to be able to discuss finances, including the differences, with honesty and empathy. However, there are certain red flags that you should not ignore as they may be indicative of bigger issues later that may be awfully hard to resolve. .
FICO
APRIL 11, 2022
Some of the more frequent credit score related questions people ask are around the subject of a perfect FICO® Score: . . What is the perfect FICO® Score? How can I get a perfect FICO® Score? Does anyone have a perfect FICO® Score? What’s the typical credit profile of someone who has a perfect FICO® Score? . FICO® Scores are a sequence of three-digit numbers ranging from 300-850*.
CB Insights
APRIL 11, 2022
Bolt , a payments technology provider, has acquired Wyre , a crypto exchange platform, for $1.5B. <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-desktop center-copy "><h4>The STATE OF Blockchain 2021</h4> <
The Paypers
APRIL 11, 2022
Mastercard has filed for 15 NFTs and metaverse-based trademarks, signalling its intention to become a player in the digital economy.
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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
APRIL 11, 2022
UK-based finance app and EU-licensed bank Revolut has announced making Allianz Partners its new global travel protection partner.
The Paypers
APRIL 11, 2022
US-based food delivery platform DoorDash has announced a cheaper subscription call, DashPass for Students, costing shy of USD 5 per month.
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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
APRIL 11, 2022
The payments and financing platform Tribal has partnered with a55 , a financial technology firm in Brazil, to offer credit alternatives to entrepreneurs.
The Paypers
APRIL 11, 2022
The Reserve Bank of India (RBI) has introduced norms to allow commercial banks to open digital banking units (DBU), according to Business Standard.
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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
APRIL 11, 2022
Three days after adding support for the Unified Payments Interface payment instrument in India, Coinbase has removed the feature to purchase Bitcoin using the system in India, according to Bitcoinist.
The Paypers
APRIL 11, 2022
Super app focusing on lending in MENA emerging markets, ZoodPay , has partnered with enabler of digital commerce across the region, Network International , to provide BNPL solutions for merchants in Jordan.
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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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