Perficient

APRIL 20, 2023

The Landscape According to Forbes Advisor: 2022 Digital Banking Survey , as of 2022, 78% of adults in the U.S. prefer to bank via a mobile app or website. That’s a whole lot of consumers, all of whom come with unique expectations, needs, and data. And those consumers desire digital experiences that are personalized and meaningful. In fact, Gartner shares that brands risk losing 38 percent of customers from poor personalization efforts.

Marketing 294

Marketing Marketing Strategies social media Strategy 294

Payments Dive

APRIL 20, 2023

The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.

Payments 545

Payments 545

CFPB Monitor

APRIL 20, 2023

Our discussion focuses on generative artificial intelligence, a new and emerging category of AI. We first discuss what generative AI is, its use of large language models, and the role of supervised training in developing generative AI models. We then discuss the potential benefits and limitations of generative AI in the following use cases in the consumer finance industry: marketing, fraud management, underwriting, collections, customer service, and back office functions. .

Industry 78

Industry Training Fraud Management 78

Payments Dive

APRIL 20, 2023

Despite a somewhat troubled past with Walmart, the card issuer appears to be raising its hand if the retailer is looking for a new credit card partner.

Cards 370

Cards Retail 370

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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

Lending

TheGuardian

APRIL 20, 2023

FCA says it will consider ‘onerous interventions’ if it concludes ‘loyalty penalty harms’ not being addressed The “harm” caused to millions of loyal customers of high street banks who are earning low interest on their savings is likely to have worsened as interest rates have risen, the UK’s chief financial regulator has warned. The Financial Conduct Authority said it had challenged some banks that had been miserly with their savings rate increases and warned “onerous interventions” would be cons

Regulation 58

Regulation 58

BankInovation

APRIL 20, 2023

IBM’s first-quarter strategy included AI and hybrid cloud efforts as its clients sought automated workflows and improved digital customer experiences. “Our focus is on hybrid cloud and AI, the two most influential technologies for business.

Customer Experience 52

Customer Experience Strategy Innovation Technology 52

Payments Dive

APRIL 20, 2023

The two Visa credit cards offer 5% cash back for the grocer’s private brand items and 1.5% back for all other eligible purchases.

Cards 195

Cards Branding 195

BankInovation

APRIL 20, 2023

Fifth Third will continue to modernize its platform through technology as long as the return on investment remains prominent. In the first quarter of 2023, the bank’s tech and communications spend increased 17% year over year to $118 million related to the cost of modernization investments, according to the bank’s earnings release.

Course 52

Course Technology Mobile Retail 52

FICO

APRIL 20, 2023

Home Blog FICO Real-Time Payments Survey Reveals Growth in Usage - and Scams Real-time payments are a growing global phenomenon, but the shifting payments landscape is also giving fraudsters new attack vectors FICO Admin Tue, 07/02/2019 - 02:45 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Thu, 04/20/2023 - 11:20 Real-time payments have become popular worldwide, with volumes growing by double digits quarter over quarter for four straight years.

Survey 52

Survey Payments Fraud Management 52

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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

Report

BankInovation

APRIL 20, 2023

Truist Financial is enhancing customer experiences and attracted new customers through its upgraded digital lending and onboarding efficiencies during the first quarter of 2023. The $574 billion bank’s noninterest expenses increased slightly by 0.5% year over year to $3.6 billion, driven by personnel expenses and enterprise technology investments, according to the bank’s earnings presentation.

Customer Experience 52

Customer Experience Lending Technology Retail 52

The Paypers

APRIL 20, 2023

Payment verification solutions provider SurePay has launched an online portal that enables UK-based banks and payment service providers (PSPs) to perform Confirmation of Payee checks.

Online 36

Online Payments 36

The Banker

APRIL 20, 2023

Professor John Zhang examines the spectre of shadow banks, how they contributed to the banking crisis, and how to avoid repeating past mistakes.

How To 41

How To 41

The Paypers

APRIL 20, 2023

Seychelles-based Bitget has completed its crypto registration in Lithuania to offer crypto-related services in and from Lithuania in compliance with regional regulations.

Regional 36

Regional Compliance Regulation 36

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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.

Lending

American Banker

APRIL 20, 2023

Community Bank 80

Community Bank Community 80

The Paypers

APRIL 20, 2023

France-based fintech Skaleet has announced a module that will enable banks and credit institutions to quickly process loans and easily manage them from end-to-end.

Online 36

Online Fintech Management 36

American Banker

APRIL 20, 2023

blockchain 78

blockchain Technology 78

The Paypers

APRIL 20, 2023

UK-based smart money app Plum has announced the launch of Watchlists and Price Alerts, two smart features aimed to support stock investors’ decision-making.

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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.

US

American Banker

APRIL 20, 2023

cryptocurrency 73

cryptocurrency Compliance Regulation Payments 73

The Paypers

APRIL 20, 2023

US-based fintech Payoneer has partnered with tech company Zoho to assist businesses with end-to-end management of finances and to simplify cross-border payments.

Payments 36

Payments Fintech US Management 36

American Banker

APRIL 20, 2023

Digital Banking 69

Digital Banking Payments 69

The Paypers

APRIL 20, 2023

ECB and SRB have welcomed the European Commission’s proposed legislative changes to the European bank crisis management and deposit insurance framework.

Management 36

Management 36

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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.

Compliance

American Banker

APRIL 20, 2023

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69

The Paypers

APRIL 20, 2023

Germany-based fintech company Funanga has expanded into Canada through a partnership with Now Prepay, with plans for a US launch in early 2024.

America 36

America Fintech US Company 36

American Banker

APRIL 20, 2023

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53

The Paypers

APRIL 20, 2023

Itau Unibanco has conducted a series of connection tests with the Starlink network to assess the performance low-orbit satellite internet.

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36

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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.

Lending