Mon.Aug 29, 2022

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Banks push back against CBDC

Payments Dive

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

National 533
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Community Bank Hedging Options

South State Correspondent

Over the last 15 years, an ever greater percentage of community banks have embraced some form of interest rate hedging. Approximately 1,000 banks in the country use some form of hedging products to manage risk, generate fee income, or provide product offerings demanded by their customers. Most of the top 100 banks (by asset size) have robust derivative solutions.

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FIS adds real-time payments, CBDC services

Payments Dive

The payments processor is pitching real-time payments and central bank digital currency services to countries and central banks to aid them in advancing their financial systems.

Payments 259
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Community Bank Hedging Options

South State Correspondent

Over the last 15 years, an ever greater percentage of community banks have embraced some form of interest rate hedging. Approximately 1,000 banks in the country use some form of hedging products to manage risk, generate fee income, or provide product offerings demanded by their customers. Most of the top 100 banks (by asset size) have robust derivative solutions.

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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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3 Electronic signature benefits for banks and credit unions

Abrigo

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Would you like other articles like this in your inbox? Takeaway 1 Optimize the signature collection process. Better communication, data collection, and storage offer opportunities for efficiency gains.

Lending 195

More Trending

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Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises

FICO

Home. Blog. FICO. Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises. Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. by Ethan Dornhelm. expand_less Back To Top. Tue, 08/30/2022 - 12:00. As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem ranging from originations, underwriting an

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Bad Credit Semi Truck Financing - Is It Possible?

Commercial Lending USA

Find out why it's possible to get a bad credit semi truck financing. We are experts in helping people restore their financial future after bankruptcy, garnishment, or foreclosure. Learn how you can get the money needed to start rebuilding your credit today!

Lending 91
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Freedom Month Special: Top Lifetime-Free Credit Cards

BankBazaar

August is the month India celebrates freedom. So, we’ve picked the top Credit Cards that offer you freedom from fees (among other best-in-class benefits). Take a look and thank us later! If you’re looking for a lifetime-free Credit Card that’s high on rewards, your search ends here. In honour of the month that India celebrates her freedom, we’ve curated the fastest selling Credit Cards that offer you freedom from fees.

Cards 78
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9 Key Things To Remember While Getting Small Business Loans For Veterans

Commercial Lending USA

Do you know that there are many loans available for veterans? If you have been struggling to get a small business loan, this article will help you understand the process and what to expect from your lender.

Lending 84
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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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Visa Token Service surpasses physical cards in circulation

The Paypers

US-based Visa ’s tokenisation service has surpassed the number of Visa physical cards in circulation as the company issued more than 4 billion network tokens worldwide.

Cards 64
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How to Get a Commercial Loan in USA? A Comprehensive guide

Commercial Lending USA

A loan for a small business can be customised to fulfil practically any requirement, making it one of the most common ways to gain financial backing for a company. Here's how to make a commercial loan in USA.

How To 79
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Truist expands automated investment technology

BankInovation

Truist Financial is expanding its digital investment technologies with automated planning and goal setting and an option for advisor-driven advice. The technology was created at the Innovation and Technology Center at the bank’s headquarters in Charlotte, N.C., and is offered in two channels: Truist Invest, a robot advisor that allows clients to use investment-planning tools […].

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How to Get Guaranteed Semi Truck Financing Today

Commercial Lending USA

Semi-truck financing is essential to most trucks, ensuring that you can build or buy the one that's right for your business. Semi Truck Financing Today is packed with tips and examples of getting financing with less hassle than ever before!

How To 76
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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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Cash is king for South African banks planning digital transition

BankInovation

South African banks see physical money remaining key to their business as almost a third of their customers aren’t ready to go cashless, according to a survey. While 86% of people already use digital banking, almost all customers said they still withdraw cash at least once a month to meet various needs, according to the […].

Survey 52
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The Ultimate Guide To Bad Credit Truck Loans

Commercial Lending USA

Bad credit truck loans are a form of finance that can be utilized to help the business. We offer an easy payment portal to make your payments.

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Lessons learned from Cash App breach

BankInovation

Peer-to-peer payments tool Cash App and its parent company, Block, failed to take necessary precautions to protect the data of 8.2 million customers after a former employee downloaded their information without authorization, according to a class action lawsuit filed last week. The Cash App breach, which occurred in December 2021, points to the importance of […].

Tools 52
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Box Truck Financing - Everything You Need To Know

Commercial Lending USA

Box truck financing is slightly different than commercial truck financing, but it can still get done. We have all the answers here!

Lending 86
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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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Banks turn to fintechs for middleware technology

BankInovation

Choice Bank is leveraging fintech partnerships in order to format and move information between datasets using middleware technology and APIs. The ability for a bank to expand its digital footprint while managing back-end processes is paramount and has become simpler and less costly through the use of APIs and middleware — a type of software […].

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Working Capital Loans: The Definitive Guide

Commercial Lending USA

A working capital loan is a short-term loan provided by a bank or lender. The efficiency of a company's operations depends on the constant flow of it.

Capital 74
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Fed's Brainard says FedNow launching in 2023 and banks need to get ready

American Banker

Policies 101
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Commercial Real Estate Loans: A Definitive Guide To Getting The Best Loan

Commercial Lending USA

Commercial real estate loans are helpful in expanding your business and making the right choice is important when applying for a loan. Read this article to know more about commercial real estate loans and choose the best one for your needs.

Lending 52
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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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Can buy now/pay later help charities?

American Banker

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Why You Should Get a Business Bridge Loan, and How It Can Help Your Business Grow

Commercial Lending USA

Do you know that business bridge loans are a great option for your small business? This article talks about the benefits of taking business bridge loans and what you should consider before applying for one.

Lending 52
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Quantum computing poses an existential threat to banks' security

American Banker

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What is Working Capital Loan and what can it do for your business?

Commercial Lending USA

Find out the answer of what is working capital loan & how it works, learn about repayment methods, discover what you can use it for, and get an idea of how much money you may be able to borrow.

Capital 52
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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.