Perficient
MARCH 8, 2021
The other day a question came up on what extra due diligence do we need to do as we adhere to HIPAA compliance requirements. My first thought was that, of course, we do comply by embracing that extra due diligence in everything we deliver. But of course, the devil is in the details. Those details get a little thorny when you create a good experience without crossing the line and sharing any information.
Bobsguide
MARCH 8, 2021
Even without being acquainted with the craft of accountants, many have picked up stories about the gravity of the financial close. A nerve-racking event which takes place every year-end and originates numerous anecdotes and memes. What is financial close? The financial close is a crucial.
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Perficient
MARCH 8, 2021
Managing your AEM repository size growth can be challenging for numerous reasons. What’s more, it may suddenly start to grow unexpectedly and fill up space in the assigned drive of your AEM application. In this post, I want to share a few AEM utilities & methods which can help you to not only manage the AEM repository size but also help to improve the AEM application performance. 1: Tar Compaction (also known as Revision Cleanup).
Payments Source
MARCH 8, 2021
Shortly after hearing a Securities and Exchange Commission suit against Ripple caused MoneyGram to step back from its collaboration with the blockchain company, Ripple says the partnership is fully severed.
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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
SWBC's LenderHub
MARCH 8, 2021
Last Week: The selloff in treasury rates resumed in force last week with the 10-year Treasury touching 1.60% again. The main drivers were a virtual speech by Federal Reserve Chairman Powell where he showed a lack of concern over near-future corrosive inflation possibilities and the rate rise we are currently witnessing.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
FICO
MARCH 8, 2021
Improved Driving Using Smartphone Telematics and Scoring Analytics . Every year there are approximately 1.35 million fatalities in traffic collisions worldwide. eDriving SM , a leading global provider of digital driver risk management programs, has partnered with FICO to create scoring algorithms to capture driving behavior and develop a transformational predictor of a drivers’ risk level designed to help them reduce their risk of future collisions.
BankInovation
MARCH 8, 2021
Five use cases highlighted at the recent virtual UiPath Summit show how banks and financial institutions apply artificial intelligence (AI) to support automatic processes as diverse as complex loan decisioning and streamlining the audit process. Six panelists shared specific ways they saved time and resources with AI and bots while improving experiences for both employees […].
Payments Source
MARCH 8, 2021
For too long, the Consumer Financial Protection Bureau's rulemaking process has been informed by its director's political affiliation. The next leader must keep the agency focused on its mission: protecting consumers.
American Banker
MARCH 8, 2021
Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months.
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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
Payments Source
MARCH 8, 2021
PayPal Holdings Inc. said it will acquire the cryptocurrency firm Curv as it seeks to beef up its talent pool for handling digital currencies.
American Banker
MARCH 8, 2021
Ten companies this week joined the American Fintech Council, which debuted March 3 after the Marketplace Lending Association and Online Lending Policy Institute combined.
Payments Source
MARCH 8, 2021
Like a lot of small restaurants, Ann Arbor's Zingerman's Deli saw its status as a social destination disappear at the start of the pandemic. The technology that helped it hang on will forge a new business model.
American Banker
MARCH 8, 2021
New measures in California and Virginia give consumers more control over their information and may prevent banks from using geolocation services or analyzing personal data without obtaining consent first — except when preempted by federal law.
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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.
Payments Source
MARCH 8, 2021
By removing friction and encouraging interoperability, deployment becomes easier, says Fime's Reza Rhamani Fard.
The Paypers
MARCH 8, 2021
During 2020 drug traffickers relied on Bitcoin automated teller machines (ATMs) to carry out illicit money transfers, according to the Drug Enforcement Administration (DEA) of the US Department of Justice.
American Banker
MARCH 8, 2021
The Virginia-based credit union has appointed Executive Vice President Lisa Lambrecht as a temporary successor to former President and CEO Delbert Lee Morgan, following his move to Pen Air FCU.
TheGuardian
MARCH 8, 2021
Greensill Capital says ‘saviour of steel’ Sanjeev Gupta’s GFG Alliance has started to default on payments Fears are growing about the future of 5,000 British jobs after the main financial backer of Sanjeev Gupta’s steel empire collapsed into administration. Greensill Capital , a bank thatis Gupta’s key lender, said on Monday that it was in “severe financial distress” and formally appointed administrators.
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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.
American Banker
MARCH 8, 2021
Lending slowed, credit allowances mounted and return on assets as well as other performance ratios weakened, according to year-end figures from the credit union regulator.
MyBankTracker
MARCH 8, 2021
You might have seen advertisements or received mailers about variable annuities. But how do variable annuities work? They’re not simple investments. In fact, they can have a lot of moving parts. Unfortunately, they aren’t always a great solution. Usually, it’s the salesperson that does well when you buy a variable annuity contract.
American Banker
MARCH 8, 2021
“We were already shifting to recruiting more problem solvers than people handling transactions,” said Robert Fisher, CEO of Tioga State Bank in New York and incoming chairman of the Independent Community Bankers of America. “That pace of change has accelerated.”.
FICO
MARCH 8, 2021
I recently had the opportunity to participate in a virtual event hosted by the Urban Institute entitled Financial Inclusion: Lessons Learned and What’s Next for Innovations in Alternative Credit Data. While we are hopefully seeing light at the end of the tunnel after a year of a devastating pandemic, there is no doubt the economic impacts have been profound and uneven.
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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.
MerhantsBanks
MARCH 8, 2021
Get to know more about Sarah Danielson and how she approaches working with businesses every day. When did you start your banking career?Sarah: I started working as a Teller in 1994. At the time, I worked mostly with commercial customers and really enjoyed learning about that side of banking. When I had the chance to […].
FICO
MARCH 8, 2021
This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. Why is that important? Filing early will reduce the chances that a financial criminal will use stolen personal information (your name and Social Security Number [SSN] or Tax Identification Number [TIN]) to file a fraudulent tax re
ABA Community Banking
MARCH 8, 2021
Core conversions are hard in normal environments—how have bankers and core providers adapted to converting in a world of quarantine and work-from-home? The post Remote Control appeared first on ABA Banking Journal.
FICO
MARCH 8, 2021
Why is it important to have more women in AI? As part of International Women's Day 2021, Channel Africa interviewed Michelle Beetar, who runs FICO's operations in Africa, about the need for diversity in AI development to fight bias. As Beetar notes, calls for greater diversity are coming from many groups, including employers. GCHQ, Britain's security and intelligence agency, recently published a white paper on The Ethics of AI.
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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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