Gonzobanker
JUNE 25, 2021
Transform your customer care function from a back-office cost center to a 21 st century competitive advantage. The COVID-19 pandemic permanently changed consumer banking preferences. Over the past year and a half, customers learned that although they may have been mandated to stay at home, they did not have to accept being told how to do their banking.
BankUnderground
JUNE 25, 2021
Robert Czech, Simon Jurkatis, Arjun Mahalingam, Laura Silvestri and Nick Vause. Financial markets reflect changes in the economy. But sometimes they amplify them too. Both of these roles were evident as the Covid-19 (Covid) pandemic materialised. As the economic outlook deteriorated, risky asset prices fell in reflection of that. And those falls were amplified as some investors reacted by liquidating assets.
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TheGuardian
JUNE 25, 2021
Millions of older and vulnerable people cut off from ATMs and banking services, charity finds Banks must move swiftly to guarantee access to money for everyone as the cash system in part of the UK veers towards market failure, a national charity has said. Age UK warned that millions of UK citizens are cut off from cash and banking services. The lack of facilities is causing many to fall victim to financial abuse after being forced to rely on others to make transactions on their behalf, the chari
CFPB Monitor
JUNE 25, 2021
RD Legal Funding has filed a petition for a writ of certiorari in the U.S. Supreme Court that asks the Court to decide whether the CFPB can ratify actions taken when it was unconstitutionally structured. A New York federal district court had dismissed the enforcement action against RD Legal filed jointly by the CFPB and New York Attorney General, ruling that the CFPB’s structure was unconstitutional and that the proper remedy for the constitutional violation was to invalidate Title X in its ent
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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
ATM Marketplace
JUNE 25, 2021
One question that often emerges in the world of ATMs is: Do we need additional ways to authenticate customers?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Paypers
JUNE 25, 2021
Swiss National Bank ( SNB ) economist Carlos Lenz has stated at a press conference organised by the Swiss Bankers Association that there is no need for a digital franc.
CB Insights
JUNE 25, 2021
Habi , a real estate company, has raised $100M in a Series B with participation from SoftBank Latin America Ventures, 8VC, Tiger Global Management, and Homebrew, among others. HOW’S THE COMPANY PERFORMING? Colombia-based Habi is a residential real estate service company that digitizes the home buying and selling process. It buys, renovates, and sells apartments and houses, using an automated pricing model that leverages data from real estate, banking and government partners.
ATM Marketplace
JUNE 25, 2021
When you purchase something with cash, the last thing on your mind is where the paper currency in your hand came from or how many times it was touched before it ended up in your wallet.
BankInovation
JUNE 25, 2021
In this week’s episode of “The Buzz,” Bank Automation News discusses banking process automation platform Blend’s IPO plans and how they relate to overall gains automation has made in the financial services sector during the past year. Blend Labs experienced 90% year-over-year revenue growth to $96.0 million in 2020 from $50.7 million in 2019. The […].
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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
FluentBanking
JUNE 25, 2021
We at BRAC Bank consider People as the prime key to success. BRAC Bank's YLP, the most anticipated program for fresh graduates is a part of our investment in building a robust and talented workforce. Our Young Leaders with fresh ideas must aspire to be change makers in the Bank. This year-long program will offer structured learning opportunities and 360 degree exposure in different functions of BRAC Bank.
BankInovation
JUNE 25, 2021
This week’s funding rounds added wealth management referral platform SmartAsset to the ranks of fintech unicorns, while a European payments provider, Indonesian BNPL player and South Korean financial app company respond to the demand for regional digitalization. Here are the week’s highlights: SmartAsset Wealth management referral platform SmartAsset this week, announced the closing of its $110 million series D round, valuing the company at more than $1 billion.
FluentBanking
JUNE 25, 2021
Prime Bank and Mutual Trust Bank have suspended card transactions with 10 e-commerce companies, including Evaly. Chief Technology Officer of Prime Bank AYM Mostofa said card transactions with Evaly and Alesha Mart were suspended on Friday. He said the rest of the companies would come under the restriction by Friday night. The rest of the sites are Dhamaka Shopping, Eorange, Siranganj Shop, Aladiner Prodip, Qcoom, BoomBoom Shopping, Adyan Mart, and Needs.
BankInovation
JUNE 25, 2021
Axos Bank is expanding its credit box to include subprime borrowers through a partnership with automation fintech Open Lending that allows the lender to monetize losses. The partnership, which went live in March on the bank’s direct auto channel and was rolled out on its indirect channels in May, reduced the lender’s FICO floor from 700 to 560, […].
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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.
FluentBanking
JUNE 25, 2021
With a firm commitment to the economic and social development of Bangladesh, United Commercial Bank (UCB) started its journey in mid-1983 and has since been able to establish itself as one of the largest first-generation banks in the country. With a vast network of 204 branches, the Bank has already made a distinct mark in the realm of Private Sector Banking through personalized service, innovative practices, a dynamic approach, and efficient Management.
The Paypers
JUNE 25, 2021
Swiss National Bank ( SNB ) economist Carlos Lenz has stated at a press conference organised by the Swiss Bankers Association that there is no need for a digital franc.
CB Insights
JUNE 25, 2021
Lower, a home finance platform, has raised $100M in a Series A funding round with participation from Accel and other undisclosed investors. HOW’S THE COMPANY PERFORMING? Ohio-based Lower offers home refinancing, mortgage loan, and home insurance services. Lower reported $300M in revenue FY’20 and has funded $3.5B in loans to date. The company works with over 35 insurance providers, such as Progressive, Nationwide, Liberty Mutual, and Allstate.
The Paypers
JUNE 25, 2021
CIBC , together with Visa , has announced a new instalment payment option for online purchases, anticipated to launch for CIBC cardholders in Canada in early 2022.
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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.
ABA Community Banking
JUNE 25, 2021
OCC is working to find nontraditional ways to establish a good credit history for those with no credit. The post OCC Working With Tech Firms on Credit Score Alternatives appeared first on ABA Banking Journal.
The Paypers
JUNE 25, 2021
Smart Fintech has launched SmartPay, the first alternative payment service authorised by the National Bank of Romania.
BankDeals
JUNE 25, 2021
CommonCents Credit Union (Texas) offers competitive rates on its Ultimate Cash Checking, Ultimate Cash Back, and Ultimate Savings accounts.
The Paypers
JUNE 25, 2021
DateID , a US-based online date-screening platform, has implemented the ID verification services of Shufti Pro to keep its customers safe from online dating scams.
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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.
The Banker
JUNE 25, 2021
Global regulator proposes high risk-weight for bitcoin and ethereum, in contrast to reserve-backed cryptoassets such as stablecoins.
The Paypers
JUNE 25, 2021
Cashfree has launched Easy Split, an integrated marketplace payment management solution to automate commission payouts for online marketplaces and businesses.
American Banker
JUNE 25, 2021
The Paypers
JUNE 25, 2021
Sicredi has joined Sensedia , the API Management and Integrations company in Latin America, to create Open Banking strategies.
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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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