BankBazaar

APRIL 19, 2023

The Federal Reserve began raising interest rates rapidly to combat inflation in the USA, and banks’ portfolio started to lose significant value owing to the largest investments they had made. Amid the financial uncertainties, Silicon Valley Bank (SVB) collapsed in March this year, sending shockwaves across the global financial markets. The fear grew stronger after the failure of Signature Bank as investors and customers were apprehensive of a major financial crisis.

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Payments Dive

APRIL 19, 2023

The payments processor hasn’t disclosed how many customers were potentially impacted by a ransomware attack that began affecting systems last week. NCR says more than 100,000 restaurant locations currently use its platform.

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South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. The concern is grounded in data as higher balance accounts are more interest rate and risk-sensitive than lower balance accounts. While every bank is now tracking the general metric, only a few banks monitor deposit performance in the category. That is a mistake, as this segment is likely the segment where you can quickly improve deposit performance.

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Payments Dive

APRIL 19, 2023

A court initially imposed a $49.5 million judgment against a group of Nexway companies over processing payments tied to tech support scams, but they’ll ultimately pay the smaller fine for defrauding consumers.

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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

BankBazaar

APRIL 19, 2023

The Reserve Bank of India (RBI) paused the repo rate at 6.50% this month. This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. Interest rates have been rising in lockstep with the repo rate. But the markup on those loans have fallen to a three-year low.

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BankBazaar

APRIL 19, 2023

As Home Loan rates continue to spike, borrowers need to understand all aspects of the Home Loan process to lower their EMI burden. In this article, we will discuss what a Home Loan spread is, and how it can affect your debt burden. Having a house of one’s own is something many of us aspire to. The BankBazaar Aspiration Index survey, the largest study of India’s aspirations through the lens of personal finance, also affirms the sentiment that homeownership is, indeed, a top priority among Indians

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CFPB Monitor

APRIL 19, 2023

Legislation to opt out of a 43-year-old federal law allowing FDIC-insured state banks to “export” interest on interstate loans to the same extent as their national bank counterparts is quietly, but swiftly, working its way through the Colorado legislature. The bill has passed the House and is expected to be the subject of a hearing next week before a Senate Committee.

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BankBazaar

APRIL 19, 2023

The Reserve Bank of India’s Monetary Policy Committee has decided to maintain the status quo on the key policy rates. The repo rate, which was at 6.50 has been left unchanged in today’s bi-monthly meeting, which is a welcome move. After increasing the repo rate by 250 basis points since May 2022, to curb inflation, the RBI has pressed pause on the repo rate hike to check the central bank’s progress thus far, sending positive sentiments across sectors.

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The Paypers

APRIL 19, 2023

Nexi Greece , part of paytech Nexi Group , has partnered with Greenpeace to provide payment security services that protect payment data for the latter’s customers.

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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

BankBazaar

APRIL 19, 2023

Before applying for any credit product, remember to check your eligibility and keep the required documents ready! Credit Cards are a hugely popular and convenient way of making payments. But how easy or difficult is it to get one? That depends on several factors. If you have a good Credit Score and a stable income source, you may get approved for a Credit Card with a high credit limit and attractive reward programs.

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Realwired Appraisal Management Blog

APRIL 19, 2023

Do you trust your appraisers? How about your reviewers and staff? How much do you trust them? Trustworthy is being accountable, not perfect. If you’re a reviewer, the first thing you do is look who wrote the appraisal. It’s a quick test to determine if you trust the report.

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Report 52

BankBazaar

APRIL 19, 2023

The Reserve Bank of India (RBI) paused the repo rate at 6.50% this month. This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. Interest rates have been rising in lockstep with the repo rate. But the markup on those loans have fallen to a three-year low.

Examples 78

Examples Retail Payments Management 78

FICO

APRIL 19, 2023

Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? FICO data reveals worrying trends developing amongst established credit card users as missed payments rise Darcy Sullivan Tue, 11/10/2020 - 12:17 by Liz Ruddick Principal Consultant expand_less Back To Top Wed, 04/19/2023 - 09:25 We have recently analysed UK personal credit card trends and found worrying payment patterns amongst customers who have held their cards for between one and five years, known as the Established vinta

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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

APRIL 19, 2023

U.S. Bank continued its multiyear strategy to invest in e-commerce and tech-led revenue efforts in the first quarter of 2023. Tech-led merchant processing fee revenue growth, for example, increased 12% year over year and 56% sequentially. THE BIG PICTURE: Tech-led merchant processing includes digital, omni-commerce and e-commerce revenue channels, according to today’s earnings presentation.

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TheGuardian

APRIL 19, 2023

Bank warns spinning off more profitable Asia business would be complex and would lower dividends HSBC’s board has urged shareholders to vote against a proposed break-up of its business at its annual meeting, arguing that a split would result in a “material loss” and lower dividends. In response to calls for the split from its largest shareholder, the Chinese insurer Ping An, HSBC warned on Wednesday that spinning off its more profitable Asian business from the rest of the bank would also require

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BankInovation

APRIL 19, 2023

Lloyds Bank launched PayMe, a payment transfer service developed in partnership with fintech Bottomline Technologies. PayMe, which launched Tuesday, allows businesses to send payments when the beneficiary’s bank details are unknown, according to a Lloyds Bank release.

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The Paypers

APRIL 19, 2023

ACI Worldwide has announced that its fraud protection services are available as part of ACI’s Real-Time Payment Cloud for US customers preparing for the launch of FedNow.

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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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BankInovation

APRIL 19, 2023

Citizens Financial continues to prioritize its technology enhancement initiative for the bank’s legacy infrastructure and platform updates in the year ahead through its Top 8 efficiencies plan.

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The Paypers

APRIL 19, 2023

France-based technology company Thales has released its ‘2023 Thales Data Threat Report’, showcasing a surge in ransomware attacks and increased risks to data in the cloud.

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BankInovation

APRIL 19, 2023

Ally Financial continues to invest in digital capabilities throughout its product suite to improve customer experience. “We’ll continue finding ways to disrupt the industry and remove friction for customers by delivering leading digital experiences,” Chief Executive Jeffrey Brown said today during the bank’s earnings call.

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The Paypers

APRIL 19, 2023

US-based digital identity trust company Daon has launched TrustX, its cloud-based platform for identity proofing and authentication processes.

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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.

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American Banker

APRIL 19, 2023

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Capital 84

The Paypers

APRIL 19, 2023

Retail banking Crédit Agricole Group has announced its partnership with Worldline to build a company able to deliver improved solutions to French merchants.

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American Banker

APRIL 19, 2023

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The Paypers

APRIL 19, 2023

US-based payments platform Square has announced the launch of Tap to Pay on Android for sellers across the US, Australia, Ireland, France, Spain, and the UK.

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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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