Mon.May 24, 2021

article thumbnail

How the pandemic accelerated digital payments innovation

Accenture

The COVID-19 pandemic has pushed digital payments into a new era as businesses around the world were forced to switch quickly from in-store to online. As more and more consumers started to shop online, embedding the payments experience in customer journeys and managing payments infrastructure have become extremely important to businesses in virtually every industry.….

article thumbnail

How Banks Can Support Small Businesses After COVID-19

Banking Exchange

The pandemic has had a profound effect on small businesses – but the post-pandemic rebirth is rife with opportunity Community Banking Feature3 Feature PPP Covid19 Bank Performance The Economy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ballard Spahr’s Consumer Financial Services Group again receives highest national ranking from Chambers USA

CFPB Monitor

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. The Group was ranked in the highest tier nationally in Compliance and Litigation, the two categories previously used by Chambers USA for Financial Services Regulation: Consumer Finance.

National 148
article thumbnail

Blue Ridge and Aeldra Partner to Help Underserved Cross-Border Clients

Banking Exchange

Virginia-based bank seeks to boost banking access for overseas companies with US banking needs Community Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management.

Virginia 145
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

British banks finance 805m tonnes of CO2 production a year

TheGuardian

Emissions from projects and companies backed by the City are nearly double those of the UK The amount of CO2 production financed by Britain’s banks and asset managers is nearly double the UK’s annual carbon emissions, according to a new report. The study, published by environmental campaign groups Greenpeace and WWF, shows the City provided loans and investments for projects and companies that emitted 805m tonnes of CO2 in 2019.

Study 102

More Trending

article thumbnail

It’s 2021. Do You Know What Your AI Is Doing?

FICO

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests? The short answer: not great.

Study 98
article thumbnail

Third-party risk reimagined

BankInovation

Among the most important recent trends in banking has been an increased tendency to outsource services previously handled internally. While this practice has its merits, a vendor’s operational weaknesses, financial instability or inappropriate conduct can create significant third-party risk that threaten a bank’s institutional standing and market fundamentals.

Trends 98
article thumbnail

The consumerization of small business lending: Ballard Spahr to hold May 25 webinar with special guest, FTC Associate Director Malini Mithal

CFPB Monitor

Federal and state courts, lawmakers, and regulators are increasingly recognizing that, in contrast to large businesses, small businesses often lack the sophistication needed to operate on an equal footing with providers of commercial financing. As a result, there has been a growing body of legislative, regulatory, and enforcement activity on the federal and state levels directed at protecting small businesses from practices that are targeted by consumer protection laws.

Lending 78
article thumbnail

How online commerce advanced while mobile lagged in the U.S.

Payments Source

Online 170
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

Glacier to Buy Altabank

Banking Exchange

Plus: Amerant Bank’s mortgage subsidiary makes acquisition; Sterling invests in private credit fintech Management Feature M&A Feature3.

Fintech 78
article thumbnail

The 5 Key Secrets to Successful Phone and Email Sales

SWBC's LenderHub

If your financial institution is interested in increasing revenue, phone and email sales are an indispensable tool for generating profit.

Tools 78
article thumbnail

Yearend Libor phaseout to require automation 

BankInovation

U.S. banks are looking to automation to aid in the yearend phaseout of the London Interbank Offer Rate (Libor) and to comply with a not-so-friendly push from the Federal Reserve to do so by Dec. 31. Libor is the most widely used benchmark by which financial institutions determine their currency swaps, loans, mortgages and credit […].

System 78
article thumbnail

As crypto prices swing, fraudsters wait to pounce

Payments Source

article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Banking regulations to be reviewed after winding down of Wyelands Bank

TheGuardian

Bank of England governor says there could be lessons to be learned regarding rules around acquisitions The Bank of England will examine tightening banking regulations after the winding down of debt-laden Wyelands Bank , a lender majority-owned by troubled Liberty Steel boss Sanjeev Gupta. Appearing before MPs on the Treasury select committee on Monday, Bank of England governor Andrew Bailey said there could be lessons to be learned after Gupta took control of Wyelands.

article thumbnail

Third-party risk reimagined

BankInovation

Among the most important recent trends in banking has been an increased tendency to outsource services previously handled internally. While this practice has its merits, a vendor’s operational weaknesses, financial instability or inappropriate conduct can create significant third-party risk that threaten a bank’s institutional standing and market fundamentals.

Trends 64
article thumbnail

Liberty Steel wants to buy time, but who will want to snap up its assets?

TheGuardian

As creditors circle, plan to sell off its key aerospace supply plant comes with one major hitch Any progress is better than none, an assessment that could apply equally to Sanjeev Gupta, his creditors at Credit Suisse and the 3,000 workers at Liberty Steel companies in the UK. Nobody, though, will be under any illusions. Monday’s restructuring announcement represents a sketch of a plan, as opposed to a proposal that can be implemented easily or quickly.

article thumbnail

Meet the I Believe Leadership Series Class of 2021-2022

MerhantsBanks

Masood Dehnavifar, Trust Manager, Winona Bruce Goblirsch, Market President, Hastings Melanie Jorgenson, Lead Teller, Winona Nick Moon, Appraisal Evaluation Specialist, Winona Dave Pierret, Commercial Banker, Winona John Piscitiello, Commercial Banker, Apple Valley Molli Vodak, Commercial Lending Assistant, Winona Ashley Wagner, Retail Lending Assistant, Winona Jennifer Welch, Personal Banker, St.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

Andreessen Horowitz-Backed Workrise Raises $300M To Expand Its Staffing Platform

CB Insights

Workrise , a staffing solutions provider, has raised $300M in a Series E with participation from Andreessen Horowitz, Franklin Templeton, Baillie Gifford, Founders Fund, Bedrock Capital, among others. How’s the company performing? Texas-based Workrise, formerly known as RigUp, is a workforce management services provider for skilled trades. It operates across industries like construction, solar, oil & gas, and defense.

Atlanta 69
article thumbnail

PNC reports brisk B2B enrollment for real-time payments

Payments Source

Report 141
article thumbnail

Liberty Steel plans to sell Yorkshire plant to stay afloat

TheGuardian

Sale of aerospace supplier proposed as lenders try to claw back cash after Greensill collapse Liberty Steel has said it plans to sell its aerospace steel business based in Yorkshire as part of a restructuring deal as it tries to ensure its survival. The under-pressure steelmaker, which is owned by the metals magnate Sanjeev Gupta, said on Monday it was in talks with Credit Suisse, a large creditor, over agreements that would give it time to repay its debts.

article thumbnail

The Midfield Pivot and the FICO Platform - Game Changers

FICO

“You watch the game, you don’t see Busquets. You watch Busquets, you see the whole game,” said Vicente del Bosque when describing his Spanish team midfielder. Ok, if you’re not a football fan then bear with me on this, as I decided to combine two of my favourite things in this post. The concept I want you to take away is there are many similarities in how successful modern football coaches set their teams up to play, and how the FICO Platform provides businesses with the enterprise-wide ability

US 52
article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

Citi renews card-issuing pact with booming farm-supply chain

Payments Source

Cards 122
article thumbnail

Market Commentary: Week of May 24, 2021

SWBC's LenderHub

Last Week:

article thumbnail

B2B payments are table stakes for software vendors

Payments Source

Software 112
article thumbnail

Finder receives Australia's CDR accreditation

The Paypers

Finder has become an accredited data recipient under Australia’s data sharing framework known as the Consumer Data Right (CDR).

Data 50
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.