Perficient

MAY 2, 2022

Last week, we introduced our blog series on insurance commerce. We discussed the need to consider all the commerce activities that take place before the customer engages in a purchase. First, You’ll Need a Strategy. There are many versions of the famous quote that says, “Strategy without execution is a dream, and execution without strategy is a nightmare,” but the intent is clear – a sound strategy is required to achieve expected results.

Strategy 491

Strategy Company Marketing Strategies Marketing 491

Payments Dive

MAY 2, 2022

"We urge Director Rohit Chopra to update the CFPB’s outdated remittance rule and take on the high cost of international payments," the Financial Technology Association says in this op-ed piece.

Financial Technology 454

Financial Technology Technology Payments 454

Abrigo

MAY 2, 2022

Confident Risk Management Begins with Sound Loan Policy A risk-based approach to loan policy can effectively improve your institution's profitability. You might also like this webinar on loan policy best practices. WATCH. Takeaway 1 Loan policy is the foundation of a risk-focused financial institution, and it requires regular updates and monitoring to be effective.

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Policies Lending Regulation Examples 195

Payments Dive

MAY 2, 2022

Companies don't have time to wait weeks to get a compliance program up to speed; instead they need to effectively manage risk and compliance from day one.

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Company Compliance Marketing Management 221

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.

US

South State Correspondent

MAY 2, 2022

This Week Should Provide Some Key Answers for Investors. By the time we get to the weekend, we should have a lot more information in hand in regards to both the economy, the labor market, and monetary policy. The FOMC meeting’s rate decision on Wednesday is the highlight of the week, and the question is not so much the hike itself that day but how hawkish the Fed will be which will guide investors’ expectations for hikes to come.

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Meeting Conference Marketing Policies 195

SWBC's LenderHub

MAY 2, 2022

Last Week. It is hard to imagine anybody went home for the weekend happy. The rout in both the equity markets and the bond market continues to pick up intensity. Global inflation continues to build as the supply of just about everything needed to make the world clothed, sheltered, and fed is experiencing major problems.

Marketing 148

Marketing Capital 148

CFPB Monitor

MAY 2, 2022

A federal district court judge in the Southern District of New York ruled late last week that three credit unions had successfully established a likelihood of success on their claims that the retroactive application of New York’s recently-passed rate reduction law constitutes a regulatory taking in violation of the U.S. Constitution and preliminarily enjoined state sheriffs’ offices from enforcing the law.

New York 147

New York Exercises Policies Compliance 147

BankInovation

MAY 2, 2022

SAN DIEGO — Data and analytics go hand in hand with risk management in today’s digitally-driven auto finance market, making it crucial for auto lenders to rely on the right data for their decisioning, Chase Auto Chief Risk Officer Ajit Nalla, said Tuesday during a fireside chat at the Auto Finance Risk Summit. “It’s important to have the best […].

Risk Management 98

Risk Management San Diego Data Management 98

SWBC's LenderHub

MAY 2, 2022

Data from the 2020 Financial Trust Index paints a gloomy picture of peoples’ relationship with their financial institutions. It shows a decrease of trust in financial institutions and increased anger with the economy, with only 31.3% public trust in financial institutions.

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Payments Data Lending 78

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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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BankInovation

MAY 2, 2022

Digital payments and loan originations are driving revenue transformation for NCR Corp., which is known originally as a provider of automatic teller machine (ATM) and point-of-sale hardware, as the company advances its software-as-a-service (SaaS) migration plans. For the first quarter, Atlanta-based NCR's payments and network revenue skyrocketed nearly 1,260% year over year to $299 million […].

Atlanta 98

Atlanta Digital Banking Payments ATM 98

CFPB Monitor

MAY 2, 2022

Recently, the Ninth Circuit Court of Appeals reexamined when use of a website can bind a consumer to hyperlinked “terms and conditions” containing an arbitration provision that the consumer never saw or read. Affirming the district court, the appeals court held that the plaintiffs in Berman v. Freedom Financial Network, LLC did not enter into a binding agreement to arbitrate because they did not “unambiguously manifest their assent to the terms and conditions when navigating through the [defend

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Online New York California Analysis 78

BankInovation

MAY 2, 2022

Scotiabank is fine-tuning a new tool to help guide the bank’s artificial intelligence (AI) ethics. The $976 billion Toronto-based bank has been working with Deloitte to refine the tool, called “Ethics Assistant,” since last year, but only recently made its use public knowledge. The solution is built on top of a Deloitte tool currently in […].

Tools 98

Tools Retail 98

CFPB Monitor

MAY 2, 2022

The CFPB and the New York Attorney General have filed a lawsuit in a New York federal district court against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc. (MoneyGram) in which they allege that MoneyGram violated the Remittance Transfer Rule (Remittance Rule), other provisions of Regulation E, the CFPA, and New York Executive Law.

New York 78

New York Compliance Regulation Policies 78

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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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BankInovation

MAY 2, 2022

Apple Inc. was hit by a formal antitrust complaint from the European Union over how it handles iPhone payment services, an area where regulators say the tech giant favors its own technology over rival platforms. The European Commission sent a so-called statement of objections alleging that the company abuses its control over mobile wallets by […].

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Apple Payments Regulation Mobile 98

CFPB Monitor

MAY 2, 2022

Businesses with automatic renewal contracts—including subscriptions—should take note of Colorado’s new law that went into effect earlier this year on January 1, 2022. While companies subject to other state’s auto-renewal laws and the Restore Online Shoppers’ Confidence Act (“ROSCA”) will be familiar with the three-prong approach of upfront clear disclosure, simple cancellation, and ongoing reminders, the Colorado law goes a step further by imposing notice obligations on month-to-month renewal

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Colorado Delaware Regulation Policies 78

BankInovation

MAY 2, 2022

Digital payments and loan originations are driving revenue transformation for NCR Corp., which is known originally as a provider of automatic teller machine (ATM) and point-of-sale hardware, as the company advances its software-as-a-service (SaaS) migration plans. For the first quarter, Atlanta-based NCR's payments and network revenue skyrocketed nearly 1,260% year over year to $299 million […].

Atlanta 97

Atlanta Digital Banking Payments ATM 97

BankBazaar

MAY 2, 2022

The word ‘finance’ can ring heavy in your ears, correct? Well, we’re going to remedy that. Stay tuned to be duly comforted! Some facts for you. A recent survey by an online mutual funds platform found that 72% of Indians are unaware of how much to put aside or invest to achieve financial freedom. A majority, 76%, agreed that there’s a need for more education in the financial planning space.

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How To Cards Exercises Guidelines 78

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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

BankInovation

MAY 2, 2022

The level of security and service that cloud infrastructures provide makes it an inevitable technology for banks and financial institutions. Questions around operational control and security capacity dominated the cloud conversation prior to the pandemic, but the ensuing upheaval caused many banks to reexamine their processes, Narendra Mistry, chief product officer, international digital banking at […].

Digital Banking 96

Digital Banking Security Operations Technology 96

TheGuardian

MAY 2, 2022

Country urged to scrap rules under which whistleblowers and journalists can be prosecuted Swiss politicians will debate the future of the country’s controversial banking secrecy law this week, as it faces pressure from UN officials to scrap rules under which whistleblowers and journalists who report on potential wrongdoing can be prosecuted. A committee in Switzerland’s parliament could put forward proposals by Friday that would amend the banking secrecy law – known as article 47 – which makes i

Report 93

Report 93

ABA Community Banking

MAY 2, 2022

The ABA Foundation invites entries for the tenth annual Community Commitment Awards, which recognize and promote extraordinary bank commitment to communities and the innovative, high-impact programs that improve the quality of life for customers and the communities banks serve. The post ABA Foundation invites applications for 10th annual Community Commitment Awards appeared first on ABA Banking Journal.

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Community Community Bank Innovation 52

American Banker

MAY 2, 2022

Lending 94

Lending Community Bank Policies Community 94

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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

MAY 2, 2022

Canada-based payment software and consulting provider, Amadis , has partnered with Softpay.io to provide its universal EMV Level 2 framework for integration into Softpay’s tap-to-pay service.

Software 36

Software Payments 36

American Banker

MAY 2, 2022

Report 85

Report 85

The Paypers

MAY 2, 2022

Online casino NetBet France has included Apple Pay to its list of secure payment methods, offering customers increased flexibility when it comes to their deposit payments and withdrawals.

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Apple Payments Security Online 37

American Banker

MAY 2, 2022

Apple 83

Apple Payments 83

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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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