Mon.Mar 15, 2021

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Hip On HIPAA: Pushing Back to Use Patient Data

Perficient

As we continue our series of posts on making HIPAA work for you, I am going to address a common problem we hear from health care marketers: “My board/boss/CMO/Legal Counsel says we cannot use patient data for marketing communications.”. This is a tough one. Truly, your board of directors and your legal counsel are going to ultimately dictate the amount of risk they are willing to mitigate in regards to using patient data for outbound communications.

Data 493
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The Most Influential Women in Payments, 2021

Payments Source

2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.

Payments 216
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Agility is the mother of payments innovation, but legacy is still a sticking point

Bobsguide

For the first time, we’re in a consumer-driven world. We once did our banking with whoever had the nearest branch and we shopped with whoever had the best price or with the local store. Things have changed. Consumers are now in control, driving demand for slicker, more convenient, more.

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Mastercard offering tech and scale to vaccination passport projects

Payments Source

The card brand is working with the International Chamber of Commerce to support authentication to vaccine and test tracking. It may not be an easy task.

Branding 191
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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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Market Commentary: Week of March 15, 2021

SWBC's LenderHub

Last Week: Prospects for an end to the pandemic by summer—bolstered by the quick rollout of the $1.9 trillion stimulus package (passed into law last week)—had risk assets feeling great despite higher interest rates.

Marketing 144

More Trending

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Fintechs continue venture capital funding streak in Q1

BankInovation

Venture capital funding for fintech companies is on track for its best quarter since 2018, following a year that brought digital functionality in financial institutions to the forefront. Quarterly fintech funding by the end of February exceeded $13.4 billion, and the momentum is likely to continue, according to a report released last week by research firm CB Insights.

Capital 98
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Kristy Carstensen, U.S. Bank

Payments Source

She could have been called "Doctor Kristy" at some point, but Carstensen followed a gut feeling that the medical profession wasn't truly for her — and she could have a bigger impact on financial and payments services in the banking industry.

Industry 148
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FICO's National "Score A Better Future" Credit Education Program Reaches Milestone

FICO

When we launched FICO’s “Score A Better Future” program in October 2018, our main goal was to continue to expand consumer credit access through financial education. Our mantra, “Your FICO® Score today doesn’t have to be your FICO Score in the future” still holds true today. These free events are designed to demystify credit and give consumers the tools – including non-profit credit counseling – to take control of their financial health.

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State actors make the fraud fight a whole new ballgame

Payments Source

North Korea and other rogue actors present a whole new threat to transaction security, says Capco's Julien Bonnay and Bryce VanDiver.

Fraud 171
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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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Yorkshire Building Society first to bring back 95% mortgages

TheGuardian

Riskier product not available for newbuild houses or flats and follows budget offer to back part of the loans Yorkshire Building Society will become the first lender to relaunch 95% mortgages in the mainstream market, nearly a year after the pandemic spooked lenders into withdrawing low-deposit home loans. However, the deal will only be available to first-time buyers and the society will apply strict conditions on lending, including ruling out flats and new-build homes.

Lending 91
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Melane Vala, Splitit

Payments Source

Vala recognizes how difficult it is to stay connected with her team. Almost half her company has been hired during the pandemic's work-at-home environment.

Company 148
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PayPal Dominates Non-Bank Lending, Data Show

Banking Exchange

The payments specialist now has more than $54 billion in assets Feature Feature3 Fintech Technology The Economy Financial Trends Mobile Online Cards.

Lending 88
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Jasma Ghai, Discover Financial Services

Payments Source

Bringing a philosophy of diversity to life at work, Ghai expands opportunities for people within Discover — and in her home country of India.

Payments 144
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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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Should You Use A Personal Loan For Home Renovations?

BankBazaar

If a leaking roof and a dire need of funds are giving you sleepless nights, it might be time for you to consider taking a Personal Loan to take care of your home renovation. It’s a thought you’ve been putting off for years now but with a leaking roof above your head, it’s becoming hard to ignore. There’s no denying that home renovation is expensive and can cause a minor setback in your finances but if your house is in shambles, you have little option than to opt for one.

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Ellen Linardi, Clover

Payments Source

Small businesses and restaurants using Clover’s tools rapidly needed new ways to accept payments online when the pandemic struck, according to Linardi.

Tools 133
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A Third of Bank Boards ‘Lack Tech Expertise’, Says New Report

Banking Exchange

At least a quarter of board directors should have technology experience, Accenture recommends Technology Financial Trends Management Tech Management Feature3 Feature Financial Research.

Report 78
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Paulette Rowe, Paysafe

Payments Source

Rowe has had many successes and challenges in her journey to the CEO position of a division of Paysafe, where she can also help the company promote diversity.

Company 125
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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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Ninth Circuit holds debt collector’s statute of limitations mistake can qualify for FDCPA bona fide error defense

CFPB Monitor

In a case of first impression, the U.S. Court of Appeals for the Ninth Circuit held that a debt collector’s mistake about the time-barred status of a debt under state law can qualify as a bona fide error within the meaning of the Fair Debt Collection Practices Act. In Kaiser v. Cascade Capital, LLC , after an Oregon state court dismissed a collection lawsuit filed against the plaintiff by the defendants because it was barred by the state’s four-year statute of limitations (SOL) for sale of goods

Oregon 78
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Melissa Smith, WEX

Payments Source

The pandemic put payments companies to the test, exposing resilience and pain points, according to Smith.

Payments 154
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An Industry in Transition: A Look at How Two Major Events Changed Banking

Jack Henry

To say the financial industry has shifted since the beginning of 2020 is quite an understatement. You’ve seen the headlines. You’ve read the articles, watched the videos, and listened to the podcasts. Banks and credit unions have had to shift into high gear to quickly transition to digital banking – and you’d be hard pressed to find someone in the industry who hasn’t felt this change in some shape or form.

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Wise denies Brazilian bank accusations of illegal money transfers

Payments Source

Facing accusations of illegally using client accounts to move money to its U.K. headquarters from a Brazilian bank, Wise (formerly Transferwise) vehemently denied those actions and said it is the target of a smear campaign.

Payments 112
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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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Google Cloud partners with Automation Anywhere in bid to accelerate RPA adoption

BankInovation

Google Cloud and Automation Anywhere announced Monday that the two companies have joined forces for a strategic, multiyear collaboration to bring the automation platform to Google Cloud. Valued at $6.8 billion, Automation Anywhere will move its cloud-native, web-based automation platform to Google Cloud, which will also serve as its primary cloud provider.

Google 90
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Bank of America ready to compete with Walmart fintech, other tech startups, CEO says

Payments Source

Bank of America Chief Executive Brian Moynihan said the company is confident in its growth prospects even as competition intensifies from fintechs including Walmart’s startup.

America 106
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This credit union is going after Chase cardholders. Will other lenders do same?

American Banker

After digging deep into member data, Randolph-Brooks FCU in Texas developed a marketing campaign aimed at persuading JPMorgan Chase clients to switch to the credit union's own card. It's an effort its peers could imitate.

Texas 94
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New innovation can trim even more time from processing

Payments Source

Humans have come to expect experiences that are simple, efficient, quick, error-free and secure, says Bottomline Technologies' Jessica Cheney.

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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.