Fri.Dec 09, 2022

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New Salesforce Mobile Application Configure and Customization

Perficient

New Salesforce Mobile Application Configure and Customization in Salesforce Org. According to reports 120 billion hours are spent with mobile business apps annually. According to Salesforce Every month, almost 2 million users run their business from their phone using the Salesforce mobile app. Salesforce planning to retire the Salesforce mobile web experience with the Summer 2020 release.

Mobile 294
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Payments will evolve with digital banking

Payments Dive

“Rather than basic capabilities, consumers want a complete digital banking experience,” a payments firm professional writes. “They want access to all of the buzzworthy features.

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CFPB makes preliminary determinations that Truth in Lending Act does not preempt New York, California, Utah, and Virginia commercial financing disclosure laws

CFPB Monitor

In a notice of “ Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z) ,” the CFPB announced that it is seeking comments on its preliminary determinations that the Truth in Lending Act (TILA) does not.

Lending 147
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Galileo launches BNPL for financial firms

Payments Dive

The fintech is managing the loans on behalf of financial institutions looking to offer installment payment plans to qualified borrowers.

Fintech 221
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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

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OCC official highlights agency’s fair lending focus

CFPB Monitor

In recent remarks at the CRA & Fair Lending Colloquium, Grovetta Gardineer, Senior Deputy Comptroller for Bank Supervision Policy at the Office of the Comptroller of the Currency, discussed the OCC’s current fair lending initiatives. Her remarks were intended to.

Lending 147

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Jeremy Hunt sets out sweeping reforms to financial sector

TheGuardian

Chancellor says plans will ensure City ‘benefits from dynamic, proportionate regulation’ Business live updates: Jeremy Hunt loosens City rules The chancellor has announced plans to reform and repeal a number of City regulations, including rules originally meant to protect the UK from another financial crisis, in order to “unlock” investment and “turbocharge” growth across the UK.

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Facial recognition: A top challenge/opportunity for ATMs

ATM Marketplace

Although banks are beginning to adopt facial recognition at ATMs, the technology still has to overcome customer's distrust.

ATM 111
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Government denies ‘race to bottom’ on regulation as Hunt loosens City rules – business live

TheGuardian

Chancellor Jeremy Hunt is unveiling a 30-point package of City policy changes on Friday that rows back on regulations to boost competition and growth. Jeremy Hunt sets out sweeping reforms to financial sector The UK is to reform the regulations on the short selling of shares listed on UK market – the practice of borrowing shares to sell them, with the goal of buying them back cheaper in future.

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Ballard Spahr adds Cryptocurrency and Blockchain Legislative Tracker to Ballard360 technology applications

CFPB Monitor

Last week, Ballard Spahr launched an innovative online application to help cryptocurrency and blockchain industry participants keep pace with quickly evolving laws, regulations, policies, and government enforcement priorities in the space. The Cryptocurrency and Blockchain Legislative Tracker is an interactive.

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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

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Santander UK fined £108m over anti-money laundering failings

TheGuardian

Financial Conduct Authority found ‘serious and persistent gaps’ in bank’s controls Santander UK has been fined more than £100m after an investigation by the British financial watchdog found “serious and persistent gaps” in its money laundering controls, resulting in hundreds of millions of pounds of suspicious transactions through customer accounts.

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Prioritizing 8 technologies helping small businesses build payment solutions

CB Insights

Small to medium-sized businesses (SMBs) are going digital. Almost 1 in 5 SMB owners say they’re planning to adopt a fully digital business model, according to PYMNTS. To be successful, they need digital payment solutions that enable them to build, scale, and expand across the world. download the State of Fintech Q3 ’22 Report. Get the free report for analysis on dealmaking, funding, and exits by private market fintech companies.

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Tech companies shrink teams due to economic uncertainty

BankInovation

Tech companies including Amazon, Chime, FIS, Plaid, Stripe and Zilch have announced staffing cuts as economic uncertainty presents risks for the new year. 2023 will encompass “another year of below-potential growth and labor market rebalancing to solve much but not all of the underlying inflation problem,” according to Goldman Sachs’ 2023 U.S. Economic Outlook: Approaching […].

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Google Pay gains payment institution status from Brazil's central bank

The Paypers

Google Pay has received a license to operate as a payment institution in Brazil, allowing it to initiate payment transactions.

Google 69
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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.

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Fintech Funding: Curve receives $1B credit facility

BankInovation

Card and financial app Curve has secured a $1 billion USD credit line from Swiss bank Credit Suisse, the company announced Tuesday. London-based Curve, founded in 2015, plans to use the funding to expand its Curve Flex product, which consolidates cards and accounts into one app, in Europe and the U.S., according to a release. […].

Fintech 52
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Martin Rowson on chancellor’s gift to fat cats – cartoon

TheGuardian

Continue reading.

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BMO, Extend add payments solution on BMO Corporate Cards

The Paypers

The Bank of Montreal (BMO) has partnered with virtual card and spend management platform Extend to add a set of payments functionality to BMO Corporate Cards.

Cards 41
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Remote work debate rages on at credit unions nearly three years into pandemic

American Banker

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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.

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Avant secures USD 250 mln corporate debt

The Paypers

Avant , a credit-first financial technology company that provides access to financial solutions to underserved non-prime consumers, has secured USD 250 million of corporate debt.

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Greenwood launches upscale benefits with a $200 monthly fee

American Banker

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The Paypers launches the Cross-Border Payments and Ecommerce Report 2022–2023

The Paypers

The Paypers has published the Cross-Border Payments and Ecommerce Report 2022–2023, which provides international merchants, payments enablers, and beyond with a holistic view of the market.

Report 36
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Coinbase to waive fees for converting Tether stablecoins to USDC

American Banker

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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.

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Veem partners with Finastra

The Paypers

Veem , an AR and AP network for SMBs, has partnered with Finastra to offer business payments via a native integration with Finastra's Fusion Digital Banking Platform.

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Fincen wants to publish its database access rule before year-end

American Banker

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Amazon to launch TikTok-like shopping feature in social commerce push

The Paypers

Amazon has announced it plans to roll out a TikTok-like feed in its ecommerce app, in a bid to attract new shoppers through photos and videos from influencers.

Video 36
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CFPB says lenders should do more to support active-duty troops

American Banker

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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.