Perficient
AUGUST 5, 2021
Do blog readers like to have their opinions heard? For those that do, the Federal Reserve Board has announced it will extend, until September 9, 2021, the comment period for its proposal to govern funds transfers over the Federal Reserve Banks’ FedNow Service. The FedNow Service is a new 24x7x365 service that will support instant payments in the United States and is expected to be available in 2023.
Jack Henry
AUGUST 5, 2021
Your organization’s tech team is busy implementing a new digital banking feature that’s going to be a huge benefit to your accountholders. Congratulations! Now it’s time to plan on how you’ll introduce the new solution to your accountholders, explain how it works, and drive enrollments.
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ABA Community Banking
AUGUST 5, 2021
The investment of time and effort on the front end of a CRA cycle can yield notable benefits. The post Preparation: The Overlooked Key to CRA Success appeared first on ABA Banking Journal.
BankInovation
AUGUST 5, 2021
Chilean fintech Global66 is tapping into the vast pool of remittances and money transfers sloshing around Latin America, hoping a new wave of products will give it an edge over a hoard of competitors. The start-up that employs 200 people in eight different countries plans to use its latest funding round to promote a new […].
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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
CFPB Monitor
AUGUST 5, 2021
To further its ongoing diversity, equity, and inclusion (DEI) efforts, the New York State Department of Financial Services (DFS) announced an initiative to collect and publish diversity data on the demographic makeup of NY-regulated financial institution’s boards and senior management teams. In its July 29 th business industry letter , DFS emphasized that transparency around this data will help measure progress toward DEI goals, allow firms to assess where they stand relative to their peers, an
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
AUGUST 5, 2021
Maine has amended its Consumer Credit Code to target loans made using a bank partnership model. The amendments include an anti-evasion provision under which a purported agent or service provider is deemed a “lender” subject to Title 9-A, Article 2 of Maine Revised Statutes. Article 2 contains a licensing requirement and rate and fee limits for consumer loans.
CB Insights
AUGUST 5, 2021
Rapyd , a fintech company, has raised $300M in a Series E. The round drew participation from Target Global, Altimeter Capital, Whale Rock Capital Management, Latitude, and BlackRock, among others. How’s the company performing? UK-based Rapyd offers a variety of financial services such as payments, mobile wallets, money transfers, card issuing, fraud protection, and more via an API that third parties can incorporate into their own businesses.
CFPB Monitor
AUGUST 5, 2021
We look at the practices found to be unlawful by CFPB examiners. In addition to “as low as” rate advertising by providers of private student loans that did not disclose rates were dependent on borrower creditworthiness, we discuss servicer practices involving: providing inaccurate information about eligibility for the Public Service Loan Forgiveness program, automatic placement in a natural disaster forbearance, failing to waive or refund overcharges imposed after servicing transfers of loans o
FICO
AUGUST 5, 2021
Volvo Cars has used the cloud-hosted FICO® Platform to digitize and accelerate the customer onboarding process for its new vehicle subscription service, Care by Volvo. By automating the process, Volvo has cut the credit check process on applicants from three days down to seconds. Now FICO has been named a finalist in Credit Strategy’s Car Finance Awards as Best Technology Provider for our work with Volvo.
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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
CFPB Monitor
AUGUST 5, 2021
This past Tuesday, Acting Comptroller of the Currency Michael Hsu appeared as a witness at the Senate Banking Committee’s hearing, “ Oversight of Regulators: Does our Financial System Work for Everyone? ”. In his written and oral testimony, Mr. Hsu stressed as an overall theme the need for the OCC to prohibit “predatory and discriminatory practices while promoting financial inclusion.
CB Insights
AUGUST 5, 2021
The post The State Of Fintech Q2’21: Investment Trends To Watch appeared first on CB Insights Research.
Qudos Bank
AUGUST 5, 2021
During summer there can be many temptations to spend more than you're mean to – Christmas gifts, summer holidays, days out with friends and family enjoying the weather. Winter, on the other hand, can be perfect for saving. While you’re wrapped up warm inside, it can be much easier to put money away and work toward your long-term financial goals. To get you started, we’ve come up with 14 winter savings tips that really work. . 1.
The Paypers
AUGUST 5, 2021
Caixa Cartões , a subsidiary of Caixa Economia Federal based in Brazil, has teamed with US-based payments tech provider Fiserv to offer acquiring services through Caixa-branded POS terminals.
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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.
The Paypers
AUGUST 5, 2021
IDEX Biometrics , a provider of fingerprint identification and authentication solutions, has announced the second product in its TrustedBio line, TrustedBio Max.
The Paypers
AUGUST 5, 2021
Crypto exchange Binance has partnered with hybrid fiat and digital currency gateway Alchemy Pay , according to benzinga.com.
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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.
The Paypers
AUGUST 5, 2021
US-based specialised payments platform Paysafe has announced a partnership with settlement service for airline transactions ARC.
The Paypers
AUGUST 5, 2021
US-based communications services provider Amdocs has been selected by Strex , a consortium owned by the Norwegian mobile operators Telenor, Telia, and Ice, to upgrade Strex’s mobile payments platform.
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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 Paypers
AUGUST 5, 2021
AI-driven Accounts Payable (AP) automation fintech Stampli has launched a new partner programme for accounting firms, bookkeeping services, resellers, consultants, and ERP providers.
The Emmerich Group
AUGUST 5, 2021
If you knew what the very top-performing banks knew, could you become a top-performing bank? I think there’s a strong possibility. In banking, there are some secrets that many of the top-performing banks hold close to their chest because they don’t want you to know exactly what they do. One of the areas where they. Continue Reading. The post What top-performing banks keep close to the vest… [VIDEO] appeared first on Roxanne Emmerich.
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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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