Abrigo
OCTOBER 17, 2022
Abrigo announced the retirement of Chief Executive Officer Wayne Roberts and the company’s search for its next CEO. . Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer.
Payments Dive
OCTOBER 17, 2022
Nonbank fintechs are pushing for access to the new federal faster payments system as its launch date next year approaches.
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South State Correspondent
OCTOBER 17, 2022
In a previous article ( HERE ), we discussed the concept of Funds Transfer Pricing (FTP), why systemically important banks and large regional banks incorporate FTP, and why community banks should also consider implementing FTP. We defined an FTP framework, the regulatory recommendation for FTP, and how FTP allows community banks to make better decisions about balance sheet profit contribution (loans versus deposits).
Payments Dive
OCTOBER 17, 2022
The move is the logical next step for the Apple-Goldman partnership, according to one consultant, who said the day-to-day banking product complements Apple’s Goldman-powered credit card offering.
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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
TheGuardian
OCTOBER 17, 2022
New chancellor made no mention of policy in economic update, but Treasury sources confirm he will go ahead with controversial move Hunt rips up most of Kwarteng’s mini-budget UK politics: all today’s developments – live The new chancellor, Jeremy Hunt, is pressing on with plans to scrap the bankers’ bonus cap, protecting one of the most divisive policies from his predecessor’s disastrous mini-budget.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
OCTOBER 17, 2022
In a recent press release , the Pennsylvania Attorney General announced that settlements have been reached with Delaware and Florida lenders who made allegedly usurious loans to Pennsylvania residents. In apparent support of the settlement, the press release cites the Third Circuit’s decision in TitleMax of Delaware, Inc. v. Weissman , in which an out-of-state lender unsuccessfully sought to enjoin the Pennsylvania Department of Banking from investigating loans made to Pennsylvania residents. .
Payments Dive
OCTOBER 17, 2022
Launching a digital currency could introduce costs and risks posing harm to the U.S. dollar's standing internationally, Waller said. The dollar’s primacy, he added, has little to do with technology.
CFPB Monitor
OCTOBER 17, 2022
On September 2, 2022, new requirements for “live checks” became effective in New York. The new requirements were created by SB 4894 which New York Governor Hochul signed into law on May 5, 2022. The new requirements apply to “mail-loan checks” issued by “lending institutions.” A “mail-loan check” is defined as “a check, made out to and mailed to a person by a lending institution, which, when cashed or deposited by such person, obligates such person to repay to such lending institution the amou
Payments Dive
OCTOBER 17, 2022
After launching the new terminal in Europe last year, PayPal is offering the point-of-sale equipment now for small businesses in the U.S.
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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
CFPB Monitor
OCTOBER 17, 2022
Last week, the CFPB released its eleventh annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations). The new report represents a return to the Bureau’s pre-2016 practice of including in the annual report not only the information on college credit card agreement
Jack Henry
OCTOBER 17, 2022
There was a lot to do, see, and learn at this year’s Connect conference. And based on the attendance at sessions focused on overcoming today’s revenue challenges, generating meaningful increases is top-of-mind for many financial services professionals. The impact of payments on revenue goals and revenue realities can’t be ignored.
The Paypers
OCTOBER 17, 2022
India-based Flipkart , a Walmart-backed ecommerce store, has launched a metaverse offering for consumers to discover and shop new products more interactively.
BankInovation
OCTOBER 17, 2022
Bank of America increased its technology investments during the third quarter amid increased virtual assistant and digital platform usership. The $3.1 trillion bank in Q3 enhanced its CashPro platform, launched biometric sign-in capabilities and posted a record number of digital logins, which is prompting the hiring of tech-focused talent to help facilitate the rise in […].
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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.
The Paypers
OCTOBER 17, 2022
UK-based crypto payments and banking platform BVNK has received registration in Spain as a Virtual Asset Service Provider (VASP) from Bank of Spain.
BankInovation
OCTOBER 17, 2022
Citi boosted its third-quarter tech spend to invest in technology talent and digital platform enhancements. The $2.4 trillion bank first mentioned in June that it would hire 4,000 tech staff to modernize its technologies and continued on its hiring journey in the quarter to “[fill] gaps that we have across the portfolio,” Mark Mason, chief […].
FICO
OCTOBER 17, 2022
Home. Blog. FICO. Open Banking in the Philippines and the Opportunities in the Data. How data sharing can improve credit risk decisioning. FICO Admin. Wed, 10/03/2018 - 23:42. by Mark Roberts. Senior Consultant, Analytics. expand_less Back To Top. Mon, 10/17/2022 - 07:00. . Open Banking in the Philippines - the path ahead. The launch of the Open Finance Framework by Bangko Sentral ng Pilipinas (BSP) in 2021 was a big step forward in driving financial inclusion for millions of Filipinos across t
BankInovation
OCTOBER 17, 2022
Imagine Central Park with trees—the walkways remain ever so astir with the scintillating glint of children playing tag, chasing after their hurried youth, as their mothers watch protectively from afar, smiling under the soothing canopy of a magnolia tree. When the sun dips below the skyline, people filter out the buildings, taking solace in the […].
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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.
The Paypers
OCTOBER 17, 2022
Australia-based bank NAB has rolled out Easy Tap to allow small businesses to accept contactless payments on their smartphones or tablets.
The Paypers
OCTOBER 17, 2022
Samsung Electronics has announced their plan to expand their Samsung Wallet offering to 13 new countries.
American Banker
OCTOBER 17, 2022
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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.
The Paypers
OCTOBER 17, 2022
UK-based payments company allpay has joined forces with Open Banking solution provider Salt Edge to boost the payment experience for allpay’s business clients.
American Banker
OCTOBER 17, 2022
The Paypers
OCTOBER 17, 2022
US-based credit solutions company FuturePay has integrated into the Bold Commerce headless checkout experience to offer financing solutions to shoppers.
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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.
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