Fri.Dec 23, 2022

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The top 10 2022 ALM resources for financial institutions

Abrigo

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? Takeaway 1 Changing economic landscapes, investment markets, interest rates, customer demand, mergers, and acquisitions affect ALM decisions.

Resources 195
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Glia adds CX capabilities to Jack Henry’s Banno platform

BankInovation

Digital customer service provider Glia has integrated its platform into Jack Henry’s Banno Digital Platform to provide clients with a more comprehensive customer experience. The New York-based Glia earlier this month directly integrated its digital customer service (DCS) technology into the Banno Digital Platform through Jack Henry’s existing APIs, according to a release from the […].

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NYDFS releases virtual currency guidance for banking organizations

CFPB Monitor

On December 15, 2022, the New York Department of Financial Services (“NYDFS”) published an Industry Letter detailing the Department’s guidance regarding banking organizations that wish to engage in virtual currency-related activities.

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Hyperpersonalization is vital to winning the SMB banking game

BankInovation

Financial institutions today are teetering into a Nash Equilibrium. A Nash Equilibrium, named for mathematician John Nash, occurs when players in a game can fully anticipate the choices of other players. When all players’ actions are considered, everyone is able to achieve their objectives. Every player wins. The concept was a groundbreaking contribution to game […].

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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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CFPB moves to dismiss Chamber’s lawsuit challenging UDAAP update to exam manual and opposes Chamber’s motion for summary judgment

CFPB Monitor

The CFPB has filed a motion to dismiss , or in the alternative for summary judgment in, the lawsuit filed by the U.S. Chamber of Commerce in September 2022 challenging the CFPB’s update to the Unfair, Deceptive, or Abusive Acts.

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Italy wants lower fees on electronic transactions

The Paypers

Italy's parliament has approved a measure in the 2023 budget that will impose a levy on payments firms and banks if they fail to agree lower fees on electronic transactions with shopkeepers.

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Mastercard ordered by FTC to help rivals route transactions

BankInovation

The Federal Trade Commission ordered Mastercard Inc. to start providing its competitors with customer account information they need to process debit payments, a move that could cut costs for merchants. The enforcement action, approved in a 4-0 vote, is the culmination of a years-long investigation focused on Mastercard and Visa Inc.’s policies prohibiting merchants from […].

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SecureAuth partners with SystemDomain for passwordless authentication

The Paypers

US-based identity access management security solutions SecureAuth has partnered with IT Professional firm SystemDomain to provide passwordless authentication.

US 69
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Fintech Funding: Teampay raises $47M in Series B funding round

BankInovation

Purchasing platform Teampay raised $47 million in Series B funding earlier this month. The New York-based fintech is a spend management platform that allows companies to request, approve and track expenditures in real time, according to Crunchbase. Teampay will use the funding toward advancing its go-to-market strategy, expand its workforce and prioritize its recent partnership […].

Fintech 52
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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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Alternative payments reach 39 per cent of ecommerce in LatAm

The Paypers

Beyond Borders 2022/2023 , a study by EBANX , has shown that alternative payment methods (APMs) have reached a 39% share of total digital-commerce volume.

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These payments companies are hiring, bucking the trend of tech layoffs

American Banker

Trends 86
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Amazon to increase fees for Multi-Channel Fulfillment programme

The Paypers

Amazon has announced that on 19 January 2023, it will be raising fees for online merchants that use its Multi-Channel Fulfillment (MCF) programme.

Online 69
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Rooting out wrongdoing in PPP loans

American Banker

Fraud 74
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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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Japan Central Bank adjusts monetary policy

The Paypers

The Central Bank of Japan has made changes to its monetary easing programme, move that saw the yen strengthen against the dollar and prompted falls on Tokyo bourses.

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FTC orders Mastercard to open tokens to rival debit networks

American Banker

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BNPL will spike twofold in APAC ecommerce payments in 2026, GlobalData shows

The Paypers

Financial analytics company GlobalData has released data according to which BNPL is estimated to rise 2.5 times in the ecommerce payments market by 2026.

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How New York Community is remaking itself after buying Flagstar

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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MoneyGram partners with Frente Corretora to launch MoneyGram Online (MGO)

The Paypers

US-based payments and money transfer company MoneyGram has partnered with Frente Corretora to launch their new service MoneyGram Online (MGO) in Brazil.

Online 41
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'Fintech is integral to credit unions': Q&A with NCUA's Rodney Hood

American Banker

Fintech 69
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Google India announces new fraud-detection techniques

The Paypers

Google India has announced a series of new fraud-detection techniques designed to make digital payments on Google Pay UPI platform more secure.

Google 41
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Latest banking news

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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PAPSS receives ISO 27701 certification

The Paypers

The Pan-African Payment and Settlement System (PAPSS) has announced its certification of ISO27701:2019, an international standard for Privacy Information Management System.

System 36
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Bankman-Fried's 'blame Ellison' defense undercut by his FTX co-founder's plea deal

American Banker

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mobilezone acquires Digital Republic and enters IoT market

The Paypers

Switzerland-based mobilezone has announced taking over the mobile virtual network operator Digital Republic and thus entering the IoT market.

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IRS delays $600 tax reporting rule for Venmo, Etsy sellers

American Banker

Taxes 36
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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.