Fri.Aug 02, 2024

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Key disruptions shaping the future of lending

Accenture

As you start strategic planning this August, consider this: automated, data-driven lending is no longer a future vision—it’s happening now. In our Commercial Banking Top Trends for 2024, we spotlight this critical trend shaping the industry’s future. This three-part blog series looks at the future of lending, reflecting on industry experiences and providing insights into… The post Key disruptions shaping the future of lending appeared first on Accenture Banking Blog.

Lending 259
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Perficient Included In Forrester’s Modern Application Development Services Landscape, Q3 2024

Perficient

Imagine a world where your business can effortlessly keep pace with technological advancements and continuously changing customer expectations. The ability to swiftly develop new technology products and applications is crucial to staying competitive. However, relying solely on in-house development capabilities is not always feasible for many organizations.

America 450
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Outdated tech could slow instant payment adoption: survey

Payments Dive

Financial institutions expect business clients to be a driver of instant payment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.

Survey 397
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How to use financial education as a marketing tool

ATM Marketplace

A panel entitled "Using Financial Education as a Marketing, Engagement Tool" at the Bank Customer Experience Summit held in Charlotte from Sept. 9 to 11 will address this topic in detail.

Tools 115
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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Credit Card Competition proposal should become law

Payments Dive

“In the aftermath of the CrowdStrike outage, Congress and state lawmakers should look for opportunities to build backups and redundancies into critical online systems,” writes a payments consultant.

Cards 369

More Trending

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Banks are regulated like utilities. We desperately need a new model.

American Banker

While banks are trying to advance, regulators are lagging, with outdated rules failing to address today's technological and digital asset realities. It's time for a new paradigm in banking regulation.

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U.S. Bank readies AI-driven cash forecasting tool

BankInovation

U.S. Bank is developing AI-driven solutions for its business clients, with its latest efforts targeting the launch of an AI-driven cash-forecasting tool. Major financial institutions like Bank of America, Citizens Bank and PNC Bank have already deployed cash-forecasting solutions.

Tools 65
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Treasury, banking groups band together to fight cyberattacks

American Banker

The federal Project Fortress initiative provides defensive tools for banks. Community-banking groups and regulators' associations say small banks in particular need the free and accessible help.

Groups 76
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People's Clearinghouse partners with Interledger Foundation

The Paypers

People’s Clearinghouse has announced its partnership with the Interledger Foundation in order to launch a digital cross-border payment infrastructure project.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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JPMorgan says it will challenge CFPB over Zelle enforcement

American Banker

The bank doubled down on promises to use legal action if the Consumer Financial Protection Bureau brings an enforcement action against it related to fraud on the Zelle platform, saying in a statement that it would "not hesitate to seek assistance from courts.

Fraud 73
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Inside Cambridge Savings Bank’s 3-year digital roadmap

BankInovation

Cambridge Savings Bank is executing a three-year digital roadmap with automation, client experience and modern platforms at the forefront of the effort. “Our mandate is digitize everything right now as much as we can,” Chief Operating Officer Kevin McGuire told Bank Automation News. As the Cambridge, Mass.

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PSR addresses APP scams in new report

The Paypers

The Payment Systems Regulator (PSR) has published its latest report on the performance of payment firms in addressing Authorised Push Payment (APP) scams for the year 2023.

Report 69
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Can banks take advantage of the prepaid card boom?

American Banker

The payment option has grown beyond underbanked consumers. For issuers, a $1 trillion market is at stake.

Cards 87
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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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The ECB and EBA report reveals EUR 4.3 billion in fraud payments

The Paypers

The European Central Bank (ECB) and the European Banking Authority (EBA) have published a collaborative report on payment fraud data.

Fraud 68
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The unexpected tools that could fix bank-fintech regulation

American Banker

Industry participants say more direct communication between fintechs and federal regulators could help avoid bad outcomes. Some underused legal tools could help bridge the gap.

Tools 41
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Finastra partners with Tech Mahindra

The Paypers

Finastra has announced its partnership with Tech Mahindra in order to accelerate the process of digital development for corporate banks and financial institutions.

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Financial regulators request comment on data standards plan

American Banker

Nine federal regulatory agencies are requesting comment on a rule that would create data standards for supervisory information collected and submitted to financial regulators.

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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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PayPoint announces Love2Shop distribution with InComm Payments

The Paypers

PayPoint has announced a new distribution partnership with InComm Payments to expand Love2shop gift card availability, further strengthening their long-standing relationship.

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SBA aims to streamline working capital offerings with pilot program

American Banker

The agency admitted navigating the different rules and regulations involved in its four existing lines of credit proved time consuming and confusing and kept some lenders from offering them altogether.

Capital 36
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UK Law Commission calls for new legal category for digital assets

The Paypers

The UK Law Commission has released a report in which it proposes legal reforms to better protect the unique features of digital assets.

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Optus Bank's new president, DesignRush lists top digital growth states

American Banker

South Carolina's Optus Bank appoints Benita Lefft its new president; B2B marketplace DesignRush releases its hottest states for digital business growth; Morgan Stanley announces Ellen Zentner's newly created team within the bank's investment wing; and more in the weekly banking news roundup.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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Commvault Cloud partners with Microsoft 365 Backup Storage Delivers Choice

The Paypers

Commvault Cloud has announced its partnership with Microsoft 365 Backup Storage Delivers Choice in order to optimise the cyber resilience and recovery of clients.

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Democrats push stronger consumer protections for Zelle-related fraud

American Banker

A bill from Sens. Richard Blumenthal, D-Conn., and Elizabeth Warren, D-Mass., and companion House legislation from Rep. Maxine Waters, D-Calif.

Fraud 41
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PAYSTRAX partners with Featurespace

The Paypers

PAYSTRAX has announced its partnership with Featurespace in order to tackle fraud across Europe and provide customers with optimised fraud prevention technology.

Fraud 36
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tbi bank partners with Mi-home.ro

The Paypers

tbi bank, a challenger bank in Southeast Europe, has partnered with Mi-home.ro, Xiaomi Romania's official online store, to offer flexible financing solutions.

Online 36
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.