Accenture
JUNE 1, 2021
In my first blog in this short series on how the behaviour of UK financial services customers has changed amid the pandemic, I looked at the way COVID-19 has accelerated consumers’ migration to digital banking services. And I drew on the UK findings from our Banking Consumer Study: Making digital more human to examine the….
ATM Marketplace
JUNE 1, 2021
In the contactless industry, we often hear people talk about the difference between near field communication, NFC, and radio frequency identification, RFID. However, there are both differences and similarities between them.
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BankInovation
JUNE 1, 2021
The history of account aggregation has been fraught. Early API standards throughout the 1990s and 2000s struggled to get widespread adoption and regular maintenance, while screenscraping continues to be frowned upon — especially when not whitelisted — by many financial institutions. Because of this, consumers have too often struggled to access their own data in ways that […].
TheGuardian
JUNE 1, 2021
EU forecast to reap extra €50bn per year with UK expected to gain €200m from BP alone A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research. Should the tax rate be set higher at 25%, the lowest current rate within the seven largest world economies, the EU would earn nearly €170bn extra a year – m
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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
ABA Community Banking
JUNE 1, 2021
Banks help first-time borrowers tackle the high cost of homeownership. The post A Hand Up with a Down Payment appeared first on ABA Banking Journal.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
SWBC's LenderHub
JUNE 1, 2021
There’s no question that we saw a complete transformation in the remarketing space last year, as COVID-19 drove almost all buying activity to a digital environment. While the pandemic seems to be winding down, with 50% of U.S. citizens having received two vaccinations at the time of writing, and businesses gradually reopening, the seismic shift in the industry shows no signs of abating.
CFPB Monitor
JUNE 1, 2021
In our recent webinar, “The Consumerization of Small Business Lending: Significant Developments and Trends,” Ballard attorneys were joined by special guest Malini Mithal, Associate Director of the Federal Trade Commission’s Division of Financial Practices. Mark Furletti, Co-Chair of the firm’s Consumer Financial Services Group also participated in the webinar, together with John Socknat, a partner in the CFS Group, and Aileen Ng, an associate in the Group.
SWBC's LenderHub
JUNE 1, 2021
Last Week: Last week was wonderful in its ennui. After what has seemed an endless string of “exciting” weeks, this past week was downright boring! Stocks and credit-sensitive bonds ground higher and tighter last week as volatility plunged. Meanwhile, Treasury yields have really settled into a tight range. It feels as if the markets have gotten a bit more comfortable—or complacent—with its top risk, inflation.
Banking Exchange
JUNE 1, 2021
More than 182,000 PPP loan forgiveness applications are currently "under review" by the SBA Community Banking Feature3 Feature PPP Covid19.
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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
TheGuardian
JUNE 1, 2021
Post-pandemic rules mean a third of bank’s staff have to attend in person only two days a month NatWest Group is preparing for a future where just 13% of staff work from the office full-time, as it becomes the latest major business to plan new remote working rules beyond the pandemic. About 8,300 staff will be expected to commute to the lender’s offices and branches daily, leaving the rest of its 64,000 employees to split their time between home and office, even after the government’s work-at-ho
CB Insights
JUNE 1, 2021
SpotOn , a digital payment company, has raised $125M in a Series D with participation from Andreessen Horowitz, DST Global, and 01 Advisors, among others. HOW’S THE COMPANY PERFORMING? California-based SpotOn is a cloud-based fintech company that offers a suite of business management tools for restaurants and SMBs. It claims to have tripled its revenue since February 2020 and is currently profitable.
TheGuardian
JUNE 1, 2021
Shares in the sub-prime lender slide on Tuesday after it confirms it will not appeal against verdict The sub-prime lender Amigo faces potential collapse after confirming that it will not appeal against a high court decision that blocked a scheme to cap customer compensation. Amigo, which charges 49.9% interest and requires borrowers to provide a friend or family member to act as a guarantor, said it would “consider all options” and was looking at an alternative scheme to manage the costs of a su
BankInovation
JUNE 1, 2021
Regulating the use of artificial intelligence (AI) is important, but defining it too broadly could also lead to unnecessary uncertainty, according to UiPath, a leading provider of automation software. In its Tuesday response to U.S. regulators’ request for comment on the use of AI in the financial services sector, UiPath noted that uneven legal frameworks […].
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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.
CB Insights
JUNE 1, 2021
As the pandemic has pushed more financial transactions online, embedded lending — which lets retailers and other non-financial businesses offer lending products to customers — is gaining traction. Today, businesses seeking loans typically go through traditional banks or lenders, which require lengthy processes to determine creditworthiness.
BankInovation
JUNE 1, 2021
The French government will use algorithms and artificial intelligence to identify small firms at risk of collapse in the wake of the Covid pandemic, and provide as much as 3 billion euros ($3.7 billion) to protect them. Finance Minister Bruno Le Maire presented the new measures on Tuesday as part of a plan that also […].
Qudos Bank
JUNE 1, 2021
Whether buying your first property or investment property, knowing what to look for in the property and what checks to do on the building can be confusing. Our Lending Operations Manager Chris K. shares useful tips on steps to take when buying a house or unit. Here’s some of the areas Chris outlines: Understanding your upfront and ongoing costs. The recommended checks to do on the property.
BankInovation
JUNE 1, 2021
Dylan Roberts, a partner at global consulting partnership Kearney, discusses in this webinar how the pandemic has exposed the challenges presented by vendor relationships with banks, and the gaps in third-party risk management (TPRM). Roberts details here how the pandemic?brought?a laser focus?to?security protocols and the financial stability of vendors, forcing financial institutions to rethink their?
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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.
Qudos Bank
JUNE 1, 2021
Have you ever wondered how to compare home lenders, what a comparison rate is, or the benefits of an offset account? When deciding to buy a property, understanding what to look for in a home loan is crucial. With so many lenders offering various loan options, it’s important you consider which home loan features will work best for you including: The ability to make extra repayments.
PopularBank
JUNE 1, 2021
With Popular Bank Head of Commercial Banking Ken Mitchell. Popular Bank Senior Vice President and Head of Commercial Banking Ken Mitchell joined fellow industry leaders to discuss commercial real estate insights during the virtual Mortgage Bankers Association of New York ( MBA of NY ) Lender Roundtable on May 11, 2021. Panelists discussed the current state of property deal-making, industry risk, COVID-19 shutdown, and a forecast for 2021.
Qudos Bank
JUNE 1, 2021
It’s important to understand fraud, not only to protect yourself but to protect your loved ones. As fraud and scams can be harder to detect, it’s paramount that you understand how to identify signs of fraud and types of scams. Some type of scams include: Dating and romance scams. Unexpected monies and lotteries. Compromise of your personal data. Identity theft.
FICO
JUNE 1, 2021
Around 80% of smart phone owners use navigation applications regularly. In fact, many of us are so used to using these navigation tools, we even use them when familiar with our planned destination. For something so ingrained in our day to day lives, few of us have really stopped to think what these navigation apps are doing. A navigation app uses a combination of maps and GPS location data to provide turn-by-turn guidance from our current location to a destination of choice.
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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
JUNE 1, 2021
Bitkom Research has released a survey carried out on behalf of the ‘Digital for All’ initiative revealing just under 50% of Germans can explain the terms cryptocurrencies, big data and virtual reality.
CB Insights
JUNE 1, 2021
Agicap , a cash management and forecasting platform for SMEs, has raised $100M in a Series B. The round drew participation from Partech Partners, Greenoaks Capital Management, and BlackFin Capital Partners. HOW’S THE COMPANY PERFORMING? France-based Agicap is a SaaS platform that allows SMEs to manage cash flow in real-time. Users can use its platform to build reports, track cash flows, and see forecasts for their businesses.
The Paypers
JUNE 1, 2021
Germany-based supermarket Aldi’s online shop has announced partnering with payment provider Klarna to offer users a purchase on account payment option.
ABA Community Banking
JUNE 1, 2021
The American Bankers Association added three banks to its Nasdaq Community Bank Index (ABAQ) today. The index now includes 301 community banks with a combined market cap of $309.8 billion. The post Three Banks Added to ABAQ Index appeared first on ABA Banking Journal.
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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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