South State Correspondent

MAY 13, 2022

Hawkish Fed Speak Continues. Treasuries are weaker this morning as some hawkish commentary late yesterday from Chair Powell and San Francisco Fed President Mary Daly reiterated the Fed’s commitment to squash inflation. Powell’s comments were interpreted differently by various outlets but he repeated his comment from the FOMC press conference that should inflation continue stronger than expected the Fed is prepared to do more.

San Francisco 195

San Francisco Michigan Survey Conference 195

BankInovation

MAY 13, 2022

As widespread remote work has expanded the attack surface, we’ve seen the threat landscape become increasingly sophisticated, with cybercriminals continuing — even escalating — their activity amid crisis. Ransomware attacks are increasingly successful, crippling governments and businesses, and the profits from these attacks are soaring. As the global cybercrime supply chain continues to mature, anyone […].

Compliance 98

Compliance Security 98

CFPB Monitor

MAY 13, 2022

In Wednesday’s edition of Consumer Law & Policy Blog , Professor Jeff Sovern laments that during Director Rohit Chopra’s recent testimony before the Senate Banking Committee and the House Financial Services Committee, neither he nor any member of the Committees mentioned “arbitration” as an action item on the CFPB’s agenda. Professor Sovern expresses hope that the arbitration issue will nevertheless appear on the CFPB’s regulatory agenda when it is soon published.

Study 78

Study Resources Policies Data 78

BankInovation

MAY 13, 2022

Envestnet announced Wednesday its acquisition of business intelligence firm Truelytics, a move in part to expand the wealth management giant’s offerings for small and medium-sized businesses (SMBs). While financial details were not released, the deal is part of Envestnet’s new focus on linking wealth, banking and technology verticals with an eye toward SMBs, Farouk Ferchichi, […].

Management 98

Management Technology 98

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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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CFPB Monitor

MAY 13, 2022

A key issue for earned wage access (EWA) programs is whether they constitute “credit” for purposes of federal consumer financial protection laws such as TILA, ECOA, and the CFPA, or under state law. The Treasury Department’s General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals includes a proposal concerning how EWA programs should be characterized for tax purposes.

Taxes 78

Taxes California Regulation Exercises 78

ATM Marketplace

MAY 13, 2022

A webinar examined how banks can cut costs and increase efficiency by adopting cash automation and recycling technologies.

Technology 96

Technology 96

William Mills

MAY 13, 2022

The uncertainty over the past two years has changed how the financial services industry approaches events. For many, it contributed to the realization of the vital role that industry conferences and trade shows play in the marketing and sales cycle, highlighting the need for in-person events to support lead generation efforts outside of inbound marketing strategies.

Marketing Strategies 77

Marketing Strategies Conference Industry Strategy 77

CB Insights

MAY 13, 2022

Habi , a Latin American proptech, has raised $200M in a Series C. The round drew participation from Homebrew, SoftBank Latin America Fund, and Tiger Global Management, among others. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. First name. Last name. Email.

Company 64

Company America Trends Report 64

The Paypers

MAY 13, 2022

The European Commission has considered curbs on the ability of stablecoins to become widely used in place of fiat currency, according to CoinDesk.

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69

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CB Insights

MAY 13, 2022

Interswitch , an African fintech company, has raised $110M in private equity funding. The round drew participation from LeapFrog Investments and Tana Africa Capital. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy &

Company 63

Company Regional Fintech Payments 63

ABA Community Banking

MAY 13, 2022

In a recent op-ed, ABA’s vice chair pushes back at FHLB critics, saying the system plays a critical lender role in supporting the economy with liquidity in good times and bad. The post ABA vice chair: Don’t mess with FHLB system’s success appeared first on ABA Banking Journal.

System 52

System Community Bank Community 52

The Paypers

MAY 13, 2022

Surecomp has announced the results of a recent survey with CFOs and Treasurers focusing on trade finance processes in varying companies across the globe.

Survey 60

Survey Company 60

American Banker

MAY 13, 2022

Payments 91

Payments 91

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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

MAY 13, 2022

UK-based financial interface Unlimint has expanded its payment methods portfolio with Brazil-based digital wallet PicPay.

Payments 60

Payments 60

American Banker

MAY 13, 2022

Fraud 89

Fraud Fintech Community Bank Community 89

The Paypers

MAY 13, 2022

UK-based Standard Chartered Bank has launched ‘Demand Deposit Account’ for corporate clients to align with their sustainability agenda and treasury needs.

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41

American Banker

MAY 13, 2022

Compliance 84

Compliance Regulation 84

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The Paypers

MAY 13, 2022

Indonesia-based financial services application platform Finku has raised USD 2.8 million in its latest seed funding round.

Security 34

Security 34

American Banker

MAY 13, 2022

Compliance 84

Compliance Regulation 84

The Paypers

MAY 13, 2022

Startup Mara has secured USD 23 million in funding from organisations like Coinbase Ventures to build a Pan-African crypto exchange.

Security 31

Security 31

American Banker

MAY 13, 2022

North Carolina 81

North Carolina 81

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Compliance

The Paypers

MAY 13, 2022

Greece-based neobank Viva Wallet has enabled merchants across Europe to accept Discover, Diners Club , and network alliance cards.

Cards 31

Cards Payments 31

American Banker

MAY 13, 2022

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The Paypers

MAY 13, 2022

UK-based fintech Gresham Technologies has announced that banking service provider Banking Circle adopted the former’s solution for cash reconciliation.

Fintech 28

Fintech Technology 28

American Banker

MAY 13, 2022

Management 41

Management 41

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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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