Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. One could consider it the “layaway of the digital age,” except unlike with layaway, the consumer does not have to pay in full before taking their purchase home, using the service, obtaining the tickets to an event or destination, etc., which is a huge draw to using BNPL as a non-cash payment method.

Fintech 474

Fintech Trends South Dakota Apple 474

Payments Dive

JULY 11, 2022

In-store spending in June rose 11.7% over last year while e-commerce sales grew at a slower 1.1% pace, excluding auto and gas expenditures, according to Mastercard.

Report 415

Report 415

South State Correspondent

JULY 11, 2022

Email is one of the most effective bank marketing channels available. Most banks send emails with little regard to optimization – they create an email, then send it. Other banks, like ourselves previously, pour over countless amounts of data to optimize open rates, clicks, and conversions. Now, it is about personalization and using artificial intelligence (AI) to guide the effort.

Marketing 195

Marketing Data social media Groups 195

Payments Dive

JULY 11, 2022

Rectangle Health said it’s partnering with Healthcare Finance Direct to provide buy now-pay later financing to patients that want the option to pay their healthcare bills over time.

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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

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South State Correspondent

JULY 11, 2022

Investors Brace for Hot June CPI Report and So-So Retail Sales. Two factors will probably drive most of the price action this week and that’s Wednesday’s June CPI Report and Friday’s Retail Sales. Also, in the background keeping pressure on prices will be reopening auctions of 10yr notes tomorrow and 30yr bonds on Wednesday. Those auctions should keep any rallies in check if not bring some selling pressure in order to move the new debt.

Retail 195

Retail Report Trends Meeting 195

CFPB Monitor

JULY 11, 2022

The CFPB and All American Check Cashing have filed a status report with the Mississippi federal district court indicating that they have agreed to a settlement conference before a magistrate judge. The case was remanded to the district court by the en banc Fifth Circuit, which ruled that the CFPB’s enforcement action against All American could proceed despite the unconstitutionality of the CFPB’s single-director-removable-only-for-cause-structure at the time the enforcement action was filed.

Conference 78

Conference Mississippi Lending Examples 78

Payments Dive

JULY 11, 2022

After cutting about 30% of its workforce earlier this year, digital checkout startup Bolt is on a path to profitability within the next three years, said CEO Maju Kuruvilla.

Capital 219

Capital 219

CFPB Monitor

JULY 11, 2022

When the Truth in Lending Act became law in 1969, the Federal Reserve Board soon thereafter promulgated its implementing regulation, Regulation Z. For many years, the Fed would respond to questions about TILA and Reg. Z orally over the phone or in writing through the issuance of unofficial staff letters and, infrequently, official staff letters. Although some commercial publications like CCH would publish excerpts from the staff letters, the letters were never published by the Fed in the Feder

Regulation 78

Regulation Meeting Pennsylvania Compliance 78

Payments Dive

JULY 11, 2022

Months after writing the CEO of Zelle’s parent company, Sens. Bob Menendez and Elizabeth Warren — with six other lawmakers signing on — are seeking information from seven banks with ownership stakes in the platform.

Fraud 195

Fraud Company 195

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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

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CFPB Monitor

JULY 11, 2022

We recently blogged about the request made by four leading trade groups for the CFPB to rescind the recent updates to the UDAAP section of its Supervision and Examination Manual that instruct examiners to consider discrimination in connection with non-credit products and services as an unfair act or practice. . The trade groups made their request in a letter to Director Chopra, which was accompanied by a white paper setting forth the legal basis for their position.

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Groups Meeting Examples Report 78

ABA Community Banking

JULY 11, 2022

Cloud migration was a big deal for banks before COVID, but it kicked into a higher gear than ever as the pandemic drove virtual banking, digital workflows and remote work across the industry. The post Podcast: A community bank CEO’s perspective on cloud migration appeared first on ABA Banking Journal.

Community Bank 59

Community Bank Community Industry Leadership 59

BankInovation

JULY 11, 2022

Klarna Bank AB’s valuation has been slashed to $6.7 billion in its latest funding round, in a dramatic reversal for one of Europe’s most high-profile startups. The buy-now-pay-later giant said it raised $800 million from new and existing investors, according to a statement Monday. Its new valuation is down from the $45.6 billion it achieved […].

Fintech 52

Fintech Payments 52

The Paypers

JULY 11, 2022

Luxembourg-based Banking Circle has added USDC stablecoins to its payment rails for payment acceptance, processing, and settlement, moving into the virtual assets market.

Payments 56

Payments Marketing 56

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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.

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BankInovation

JULY 11, 2022

Michael Lehmbeck, chief technology officer at BankUnited, will discuss citizen developers’ roles in driving automation and governance for decentralized automation at the Bank Automation Summit Fall 2022 event on Tuesday, Sept. 20, at 11:15 a.m. PT. Bank Automation Summit Fall 2022 takes place live at the Hyatt Olive 8 in Seattle Sept. 19-20 and brings […].

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Seattle Technology 52

The Paypers

JULY 11, 2022

Juniper Research has released a study revealing cumulative merchant losses to online payment fraud globally between 2023 and 2027 to exceed USD 343 billion.

Fraud 57

Fraud Online Study Payments 57

BankInovation

JULY 11, 2022

Two Oklahoma banks are growing their loan portfolios but reducing their need to hire additional personnel as they integrate automated systems into their existing platforms to speed workflow processes. The $800 million Grand Savings Bank, for one, increased its outreach to 13 branches in Oklahoma and Arkansas from just two and grew its managed assets […].

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Oklahoma Arkansas Software System 52

TheGuardian

JULY 11, 2022

Rather than sound stewardship of the economy, the focus is now share markets, house prices and debt-driven illusory wealth On top of the usual angst about its forecasts and decisions, the Reserve Bank of Australia is facing an inquiry. The basic rules of such reviews, according to Yes Minister’s Sir Humphrey Appleby, are not to look into anything you don’t have to and certainly never unless the findings are already known.

Marketing 46

Marketing 46

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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.

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The Paypers

JULY 11, 2022

Malaysia-based multinational low-cost airline AirAsia has expanded its portfolio by including two new businesses set to launch in the Philippines’ capital, Manila, by the end of 2022.

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Capital 41

American Banker

JULY 11, 2022

Fintech 87

Fintech Payments 87

The Paypers

JULY 11, 2022

Open Banking infrastructure provider Yapily has released its annual European Open Banking league table , placing UK at the top of the countries achieving maturity in Open Banking.

Data 36

Data 36

The Banker

JULY 11, 2022

The EU's long-awaited Markets in Crypto Assets regulation has been welcomed across the financial services industry. James King reports.

Marketing 36

Marketing Regulation Industry Report 36

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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

The Paypers

JULY 11, 2022

Australia-based payment provider with over 11,000 merchant clients, Live Payments , has announced a strategic partnership with global card issuer and payments processor Visa.

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Payments Cards 36

American Banker

JULY 11, 2022

Trends 74

Trends 74

The Paypers

JULY 11, 2022

Australian banking group Westpac has announced it will offer credit card customers travel insurance cover for epidemics and pandemics including COVID-19.

Cards 36

Cards Groups 36

American Banker

JULY 11, 2022

Regional 69

Regional System Technology 69

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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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