Jack Henry

OCTOBER 14, 2021

Eighteen months ago, few could have imagined the changes to our world that would occur in 2020 and 2021. The pandemic brought the most significant challenge the global economy since the great recession. This roller coaster ride has produced challenges and left bank and credit union executives wondering how to respond. What approach would meet their goals for borrower assistance, revenue generation, portfolio growth, and credit quality in the years ahead?

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Meeting How To Lending 167

BankInovation

OCTOBER 14, 2021

The Bank of England is concerned that unregulated crypto growth could end with major price correction with far-ranging consequences. "There are well-founded concerns around crypto assets in relation to investor protection, market integrity and financial crime" that could have implications to financial stability, said Sir Jon Cunliffe, deputy governor of financial stability at the $959 […].

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Marketing cryptocurrency 98

CFPB Monitor

OCTOBER 14, 2021

The CFPB has published the statement that Director Chopra sent to CFPB staff and other financial regulators following his swearing-in on October 12. The statement can be found here.

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Regulation 78

BankInovation

OCTOBER 14, 2021

Wells Fargo, Bank of America and U.S. Bancorp all highlighted their digital growth and use of the payment platform Zelle in today’s earnings calls. Wells Fargo & Co. At Wells Fargo, automation helped reduce costs in fraud management, card collection and other areas during the third quarter, according to Chief Financial Officer Mike Santomassimo.

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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.

CFPB Monitor

OCTOBER 14, 2021

Last week, the CFPB simultaneously filed a lawsuit against American Advisors Group (AAG) in a California federal district court and a proposed stipulated final judgment and order to settle the lawsuit. The lawsuit alleged that AAG inflated estimated home values in marketing its reverse mortgage product and made false representations about AAG’s effort to ensure home value information was reliable.

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California Compliance Regulation Groups 78

CFPB Monitor

OCTOBER 14, 2021

As expected, with Rohit Chopra having been sworn in on October 12 as CFPB Director, the Bureau announced senior leadership changes today. The changes consist of the following: Zixta Q. Martinez will serve as Deputy Director, and in that role will oversee the Bureau’s Operations Division. Ms. Martinez joined the Bureau in 2011 to help lead the implementation team and has since served as Senior Advisor for Supervision, Enforcement and Fair Lending, Associate Director for External Affairs, and As

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Leadership Policies Lending Community 78

Bussman Advisory

OCTOBER 14, 2021

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Google abandons Plex banking play Microsoft rolls out financial services cloud Deutsche Boerse launches blockchain based post-trade platform.

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social media blockchain Google Fintech 52

CFPB Monitor

OCTOBER 14, 2021

We discuss recent developments concerning fair lending and ancillary products, including the potential industry-wide implications of recent New York and Massachusetts consent orders and our expectations for future CFPB scrutiny in these areas. We also discuss the CFPB’s recent report that looks at whether the variation in interest rates among subprime auto loans can be explained by differences in borrower creditworthiness and share our thoughts on how the report’s finding are likely to impact

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Massachusetts New York Groups Lending 60

PopularBank

OCTOBER 14, 2021

With Popular Bank Chief Operating Officer Manuel Chinea. Earlier this year, we joined Latin Biz Today to record a series of webinars focused on helping small businesses navigate the uncertainty and the unique challenges of operating during a pandemic. Previous discussions included emergency funding and liquidity , small business agility and navigating success amid disruption.

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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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FICO

OCTOBER 14, 2021

The marketplace is now completely different from where it was before the start of the global pandemic — and it’s evolving fast. Are your decision strategies evolving as fast? Are your offers and your options still relevant to your customers? And, crucially, are they agile enough to track and meet quickly emerging business expectations, while maintaining the ability to pivot and make course corrections if conditions change again?

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Strategy Analytics Software Management 52

BankDeals

OCTOBER 14, 2021

Affinity Federal Credit Union (easy membership) is offering a $150 bonus to new members who open an Affinity Cash Back Debit account. Available now through 12/31/2021.

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The Paypers

OCTOBER 14, 2021

Open Banking credit reference agency Credit Kudos has launched Signal, an Open Banking credit score to help lenders serve more customers, reduce defaults, and evidence risk decisions, according to ffnews.com.

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American Banker

OCTOBER 14, 2021

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Compliance Regulation 88

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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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The Paypers

OCTOBER 14, 2021

UK-based global payments service provider SumUp has acquired US-based commerce network Fivestars for USD 317 million in a mix of cash and stock.

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US Payments 48

American Banker

OCTOBER 14, 2021

cryptocurrency 83

cryptocurrency 83

The Paypers

OCTOBER 14, 2021

UK and Germany-based payment service provider Sumup has announced acquiring the marketing specialist Fivestars for EUR 274 million.

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Marketing Payments 53

American Banker

OCTOBER 14, 2021

Payments 80

Payments 80

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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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The Paypers

OCTOBER 14, 2021

The Government of Philippines has developed a digital payment system as a result of social-distancing protocols in the aftermath of the COVID 19 pandemic.

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System Payments 36

American Banker

OCTOBER 14, 2021

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Compliance Regulation 78

The Paypers

OCTOBER 14, 2021

US-based analytics and technology company Equifax has announced the launch of its new Digital Identity as a Service capability, with credit union Bonifii being its first customer.

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Analytics US Technology Company 28

American Banker

OCTOBER 14, 2021

Policies 77

Policies Compliance Regulation 77

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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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The Paypers

OCTOBER 14, 2021

Fintech Enfuce has partnered with Finland-based climate change non-profit Compensate to enable My Carbon Action users to compensate for the carbon footprint of each purchase, according to ffnews.com.

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Fintech 28

American Banker

OCTOBER 14, 2021

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Payments 74

The Paypers

OCTOBER 14, 2021

A group of private sector professionals launched the Digital Pound Foundation, an organisation that aims to promote the development of the UK’s central bank digital currency (CBDC).

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Groups 28

American Banker

OCTOBER 14, 2021

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Payments 68

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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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