Perficient
FEBRUARY 11, 2021
Artificial intelligence (AI) has quickly become one of the industry’s biggest buzzwords, and many businesses are looking to utilize this technology to provide enhanced digital experiences. AI is programmed intelligent software or hardware that can learn and solve problems and has forecasted growth of 54% this year in the software market worldwide.
Abrigo
FEBRUARY 11, 2021
Qualifying for PPP Loan Increases Only certain borrowers may apply for more money tied to an earlier PPP loan. Beyond PPP: Use the momentum to grow your institution read the whitepaper. Takeaway 1 The PPP this round has more options for borrowers to request an increase. Takeaway 2 Borrowers who returned or repaid part of a loan or who did not accept the full amount may be eligible.
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Perficient
FEBRUARY 11, 2021
Several users are signing up under a suspicious or fraudulent email address when registering within an ecommerce site. These users are posting multiple irrelevant links to their own website to try to boost their ranking, or even posting URL links to dangerous or unsolicited websites. To avoid suspicious email addresses, we can check the reputation score at the registration stage by implementing a tool within the Episerver Commerce framework.
Jack Henry
FEBRUARY 11, 2021
The time has come to close the year we will never forget and look forward to what 2021 will bring us. But before we turn the page, I’d like to say as I look back at 2020, I will not only remember the bad times, like the pandemic, but will also look at the bright side, like the family time I was able to spend with the ones I love. Human nature is such that we tend to concentrate on the bad and dismiss the positives, as if good times are supposed to be constants.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Perficient
FEBRUARY 11, 2021
Integration center for enablement helps an organization to maximize its investments. Integration is the heart of any organization to deliver the best returns and make the enterprise produce products/ features rapidly. Building an integration center for enablement is a journey. Think from enterprise vision vs. siloed vision . Get executives to support, an important aspect.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
FEBRUARY 11, 2021
Do you need to manage supplier invoice payments with retainage payment terms? Oracle Cloud Payables has a new feature that provides an easy way to pay suppliers while managing and tracking a retainage amount. This new feature provides companies the ability to record invoices for purchase orders with retainage amounts, allowing the easy release of the amounts after satisfactory completion of work and approval from appropriate personnel.
Gonzobanker
FEBRUARY 11, 2021
FIs’ renewed focus on revenue generation, vendor relationships and new product development is great – but someone needs to be leading it. There’s a saying that “some things never change,” and when it comes to mid-size banks’ and credit unions’ technology priorities, there’s some truth there. “Improving the customer experience” has been financial institutions’ (FIs) top tech priority for the past three years with roughly three-quarters of institutions citing it as a top priority.
Payments Source
FEBRUARY 11, 2021
A company’s approach to regulation and compliance, including issues concerning diversity and inclusion, can and likely will have a huge impact on growth, profitability, and longevity, say lawyers from Seyfarth.
BankUnderground
FEBRUARY 11, 2021
Robert Hills, Simon Lloyd, Rhiannon Sowerbutts, Dennis Reinhardt, Matthieu Bussière, Baptiste Meunier and Justine Pedrono. Large amounts of capital flow across borders. But these can be destabilising. So can recipient countries employ prudential policies to offset monetary policy changes in centre countries? And does it matter where sending banks are located?
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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
Payments Source
FEBRUARY 11, 2021
Pelican, a provider of payments and artificial intelligence technology, is supporting Swift's development of a new service for low-cost cross border payments across its Global Payments Initiative and high-speed rails.
Bobsguide
FEBRUARY 11, 2021
Understanding and monitoring the Average Aggregate Notional Amount (AANA) calculations as early as possible can provide firms caught by the Uncleared Margin Rules (UMR), with an opportunity to reduce business costs and optimise trading exposure, according to Cassini’s CEO and founder, Liam.
Payments Source
FEBRUARY 11, 2021
The consumer mindset has shifted to favoring online services, which are now viewed as essential for public health and safety, says FICO's Therese Henry.
SWBC's LenderHub
FEBRUARY 11, 2021
Before we dive into this topic, I want to preface by saying, I know, no one wants to go back and think about 2020 (what a nightmare!), but if we’re going to have a discussion about emerging fraud trends in the payments space, we have to evaluate how business and consumer behavior changed in 2020 because of the pandemic and corresponding stay-at-home orders.
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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
Payments Source
FEBRUARY 11, 2021
Tech firms, banks, card networks and governments are all making strong progress toward the everyday use of digital currencies.
BankInovation
FEBRUARY 11, 2021
Several startups received a capital boost this week as investors funnelled millions of dollars into technology that automates and streamlines traditionally laborious manual processes. The startups’ technologies span digital banking platforms, SMB underwriting, corporate payments and consumer credit. Here are the highlights: Nymbus Nymbus, a Miami-based company that offers digital banking tools, announced on Wednesday a […].
Payments Source
FEBRUARY 11, 2021
The global card brand is positioning itself to play a key role in the development of central bank digital currencies.
TheGuardian
FEBRUARY 11, 2021
Furniture retailer takes 49% stake in banking partner as part of ‘decisive step into financial services’ Ikea is planning to offer more consumer banking services in-store and online after announcing it is taking a 49% stake in its financial services partner, Ikano Bank. The furniture retailer’s parent company, Ingka Group, said this was “a decisive step into financial services” that would “help make Ikea more affordable, accessible and sustainable”.
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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.
BankInovation
FEBRUARY 11, 2021
U.S. Bank Housing Capital Company, a division of U.S. Bank, went live today with an automated solution that allows it to better manage homebuilder construction loans. Already, the bank is thinking about expanding the tool to the broader commercial real estate platform. The Minneapolis, Minn.-based bank worked with Built Technologies, a construction finance software company, […].
American Banker
FEBRUARY 11, 2021
Opportunity Financial, which offers consumer installment loans in partnership with banks, is merging with FG New America Acquisition Corp., a special-purpose acquisition corporation. The deal is expected to close in the second quarter.
BankBazaar
FEBRUARY 11, 2021
Here’s a roundup of the latest news updates in the past week including a few highlights of the Union Budget 2021 ?. . ?. BankBazaar Studio brings to you another roundup of the latest news updates in the past week including a few highlights of the Union Budget 2021 ?. . – Senior citizens will not be required to file income tax returns. – GST collections for January 2021 touches all-time high at Rs.1.2 lakh crore. – Import duty on gold and silver cut down by 5% to 7.5%.
CFPB Monitor
FEBRUARY 11, 2021
In its February 2021 Bulletin , the California Department of Financial Protection and Innovation (DFPI) reminds licensed mortgage loan servicers that DFPI examinations will include processes to determine compliance with state and federal laws providing consumer protections with regard to COVID-19-related foreclosures. The DFPI notes that these laws “include provisions allowing for forbearance of mortgage payments, post-forbearance options forbidding the requirement of lump sum payments, and the
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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.
BankInovation
FEBRUARY 11, 2021
Ganesh Krishnan, executive vice president and enterprise chief information officer at PNC, will deliver the fireside chat at the Bank Automation Ignite virtual event, taking place April 13-14.?Krishnan will speak on April 14 at 11:30 a.m. ET, sharing insights on banking automation trends in a conversation with Royal Media CEO JJ Hornblass. View the BA […].
CFPB Monitor
FEBRUARY 11, 2021
Unless vetoed by Governor Pritzker, SB 1792 will soon become law and overhaul the state’s consumer finance laws. After discussing the lenders and loans covered by the 36% APR cap, the types of charges included in the cap, and the penalties for violations, we look at what SB 1792 means for loans made via a bank partnership model, including when an agent or service provider would be considered the lender and the interaction with federal law.
TheGuardian
FEBRUARY 11, 2021
Wall Street bank seizes chance to attract huge savings made by the cash-rich during the pandemic Goldman Sachs has reopened its Marcus-branded online savings accounts to UK customers, nearly eight months after an increase in demand forced it to temporarily pull applications. The Wall Street bank said it was reopening its doors, given that “conditions in the savings market have changed” since last summer.
American Banker
FEBRUARY 11, 2021
The company plans to accept digital currencies on its network sometime this year; Citi’s incoming CEO will rely on her international experience to try to fix the bank’s problems.
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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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