Perficient

JULY 8, 2021

The Federal Reserve released in late June the results of its annual bank stress tests. The Fed’s Comprehensive Capital Analysis and Review (“CCAR”) stress tests are designed to ensure that large banks can lend to households and businesses even in a severe recession. The annual exercise evaluates large banks’ resilience by estimating their loan losses, revenue, and capital levels—which provide a cushion against losses—under hypothetical recession scenarios that extend nine

Capital 309

Capital Exercises Analysis Lending 309

Accenture

JULY 8, 2021

Human touch, digital reach As I write this, parts of the world are slowly returning to a new version of normal. But many of us are still experiencing, or are in recovery from, the massive upheaval brought about by COVID-19. With governments slowly pulling back financial relief measures, those who relied on state funds will…. The post Empathetic banking: Human touch, digital reach appeared first on Accenture Banking Blog.

US 259

US Digital Banking 259

Jack Henry

JULY 8, 2021

Economic Value of Equity (or “net economic value” for credit unions) is the difference between the fair value of assets and the fair value of liabilities. Economic value of equity (EVE) is a longer term look at interest rate risk. Over the course of the pandemic, with market interest rates at historic lows, fair value of deposits declined. Consequently, EVE has declined significantly for most banks and credit unions.

Policies 166

Policies How To Course Marketing 166

BankInovation

JULY 8, 2021

The large scope of building a national real-time payment system is what strikes Dan Anthony, chief information officer for the Federal Reserve’s real-time payment program, FedNow Service. The native of New Zealand points out that while his home country tends to be more progressive about banking technology, it manages only a handful of banks. New […].

National 98

National System Payments Management 98

Advertisement

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

ABA Community Banking

JULY 8, 2021

Creating more options for banks of all sizes to reach underserved communities. The post Getting Started with CDFI and MDI Partnerships appeared first on ABA Banking Journal.

Community 98

Community Community Bank 98

TheGuardian

JULY 8, 2021

Economists say Tobin taxes would raise vital funds to help support global poor and tackle climate crisis Coronavirus – latest updates See all our coronavirus coverage The world’s leading developed and developing countries have been told a tax on financial transactions could help them raise around $100bn a year to meet the costs of the Covid-19 pandemic, tackle climate change and boost job creation.

Taxes 95

Taxes Meeting 95

BankInovation

JULY 8, 2021

Stablecoin issuer Circle is looking to go public via a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp. Circle today announced that the deal values the firm at $4.5 billion, with Circle shareholders owning 86% of the firm upon completion of the transaction, expected at yearend. As opposed to notoriously volatile cryptocurrencies like […].

cryptocurrency 98

cryptocurrency Company Payments 98

TheGuardian

JULY 8, 2021

Operator behind USD Coin will merge with company chaired by former Barclays chief executive Bob Diamond Circle, the company behind digital currency USD Coin, is to float in the US in a $4.5bn (£3.27bn) merger deal with a company chaired by former Barclays chief executive Bob Diamond. It will merge with Concord Acquisition Corp, which is chaired by Diamond, with the combined business to be taken over by a newly formed Irish holding company that will then list on the New York Stock Exchange.

US 94

US cryptocurrency New York Operations 94

BankInovation

JULY 8, 2021

Bank of New York Mellon is looking to automate fund management through a deal to acquire technology provider Milestone Group, the $2.2 trillion financial institution announced today. Terms of the deal were not publicly disclosed. Through the acquisition, BNY Mellon aims to advance digitization and automation of core accounting and asset services, and add to […].

Groups 98

Groups New York Management Technology 98

Advertisement

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

CFPB Monitor

JULY 8, 2021

On July 7, 2021 Fannie Mae and Freddie Mac announced new uniform notes, security instruments and riders. Lenders may begin using the new instruments immediately (Fannie Mae) or for loans originated on or after July 8, 2021 (Freddie Mac), and the new instruments must be used for loans with note dates on or after January 1, 2023. If lenders use the new instruments for loans with note dates before January 1, 2023, they may not be used in combination with the earlier versions of the instruments (e.

Security 78

Security 78

Payments Source

JULY 8, 2021

Management 183

Management 183

CB Insights

JULY 8, 2021

It’s been a record year so far for blockchain tech , as it has reached new equity funding and media coverage milestones. Blockchain companies have already raised over $7B in venture capital and private equity funding in H1’21 — an amount higher than that raised over the course of any full year in history. Even legacy financial institutions are placing bets in the space.

blockchain 84

blockchain Course Capital Company 84

Payments Source

JULY 8, 2021

Community 174

Community 174

Advertisement

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

CB Insights

JULY 8, 2021

Pleo , a business expenditure platform, has raised $150M in a Series C. The round drew participation from Bain Capital, Seedcamp, Stripes Group, Thrive Capital, Creandum, and Kinnevik. How’s the company performing? Denmark-based Pleo offers smart business cards to automate expenditure reports and make spending easier. These business cards work in tandem with software and mobile apps to match receipts and track expenditure in real-time.

Capital 79

Capital Company Cards Report 79

Payments Source

JULY 8, 2021

150

150

Image Works Direct

JULY 8, 2021

A lot changed during the pandemic, but one thing that didn’t was the importance of direct mail—if anything, direct mail is more important than ever! With the world becoming increasingly reliant on technology, consumers crave a more personal approach to life—and marketing.

Technology 74

Technology Marketing 74

CFPB Monitor

JULY 8, 2021

Tom Vartanian is a former federal banking regulator and law professor. In Part I of this two-part podcast, we discuss the government policies that have contributed to or caused the financial crises faced by the U.S. over the past 200 years, how the consumer financial services industry can benefit from smarter regulation and a principles-based rather than a rules-based regulatory system, and how regulators can better utilize technological innovation.

Technology 60

Technology Regulation Policies System 60

Advertisement

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

The Paypers

JULY 8, 2021

Bank of Ireland debit and credit card transactions have risen higher in June 2021 as lockdown restrictions eased further and parts of the Irish hospitality sector reopened, says an official press release.

Cards 69

Cards 69

Payments Source

JULY 8, 2021

134

134

TheGuardian

JULY 8, 2021

Renewal letters suggested customers were getting ‘competitive price’ without backing up claim Lloyds Bank’s insurance arm has been fined £90m for sending insurance renewal letters to customers suggesting they were getting a “competitive price” without backing up the claim. Between January 2009 and November 2017 almost 9m letters were sent to home insurance policyholders under its Halifax, Lloyds and Bank of Scotland brands.

Branding 55

Branding Groups Industry Regulation 55

Payments Source

JULY 8, 2021

130

130

Advertisement

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

ATM Marketplace

JULY 8, 2021

The Kooltronic Design Guide is intended to be used as a problem prevention aid, helping you to find the best-suited cooling and ventilation products for virtually every type of electrical enclosure including kiosks and ATMs.

ATM 48

ATM 48

Payments Source

JULY 8, 2021

Payments 126

Payments 126

The Paypers

JULY 8, 2021

UK-based digital risk protection company Skurio has announced the roll out of its new collaborative cyber threat intelligence solution in Pakistan in partnership with 1LINK and CydeaTech.

Company 53

Company 53

Payments Source

JULY 8, 2021

Company 104

Company Mobile 104

Advertisement

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