Payments Dive
MAY 8, 2023
The medical credit card industry has expanded in recent years as healthcare providers promoted the cards to patients, the agency said in a report.
CFPB Monitor
MAY 8, 2023
In CFPB v. Law Offices of Crystal Moroney , a three-judge panel of the U.S. Court of Appeals for the Second Circuit unanimously ruled in March 2023 that the CFPB’s funding structure does not violate the Appropriations Clause of the U.S. Constitution and rejected Moroney’s attempt to invalidate the CFPB’s civil investigative demand issued to Moroney. .
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Payments Dive
MAY 8, 2023
Green Dot expects profit margins to be squeezed in coming quarters after the exit of some clients last year.
CFPB Monitor
MAY 8, 2023
On April 11, 2023, Equifax, Experian, and TransUnion announced that they removed unpaid medical collections under $500 from consumer credit reports. The three companies, in July 2022, previously removed paid medical collections from credit reports, and extended the delay in medical collection reporting from sixth months after the first delinquency to one year after the first delinquency.
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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
MAY 8, 2023
Skipton building society aims product at renters who cannot save enough for a deposit A leading lender plans to launch a 100% mortgage aimed at would-be first-time buyers who cannot save for a deposit, the first since the 2008 financial crisis. Standard home loans where the borrower does not have to put down a deposit used to be fairly commonplace but the last was axed in the wake of the financial crisis.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
MAY 8, 2023
Many banks and financial institutions have invested heavily on Robotic Process Automation (RPA) to streamline workflows around account opening, onboarding and customer service. Leading automation software solutions like Pega, Appian or IBM, as well as core systems like Salesforce, provide functionality designed to eliminate manual work and speed up response time.
ABA Community Banking
MAY 8, 2023
Friday's episode of NPR's Marketplace program featured an interview with ABA Chief Policy Officer Naomi Camper about ABA's advocacy with the Securities and Exchange Commission regarding potentially manipulative short selling activity of certain banks' stocks. The post ABA’s Camper interviewed on NPR about shorting of bank stocks appeared first on ABA Banking Journal.
BankInovation
MAY 8, 2023
Financial institutions continue to prioritize technology and innovation in 2023 as operational efficiency and client experience remain a priority amid uncertain economic times. In a report earlier this year by Arizent, 70% of banks said they would increase tech spend in 2023, a trend that proved true in the first quarter.
TheGuardian
MAY 8, 2023
Vulnerability of MPs’ groups to influence of private firms highlighted by appearance at blockchain inquiry Fresh questions have been raised about private firms gaining prestige and access to MPs through all-party parliamentary groups (APPGs) after an unregulated “bank” with no UK licence gave evidence to an inquiry in the House of Commons. The chief executive of Bandenia Challenger Bank spoke at an APPG inquiry into regulation in December, chaired by a Scottish National party MP, which was promo
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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
BankInovation
MAY 8, 2023
Generative AI has beneficial uses for financial institutions, but fraudsters have taken note, employing the technology to create thousands of fake identities.
The Paypers
MAY 8, 2023
Open SaaS ecommerce platform for B2C and B2B brands BigCommerce has updated its suite of B2B functionalities to improve the online selling experience for B2B brands.
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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
MAY 8, 2023
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have announced the commercial launch of Indonesia – Malaysia cross-border QR payment linkage for instant retail payments.
The Paypers
MAY 8, 2023
Hong Kong Exchanges and Clearing Limited has welcomed the launch of Swap Connect, a mutual access programme between Hong Kong and China’s interbank interest rate swap markets.
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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
MAY 8, 2023
Europe-based Open Banking service provider LUXHUB has announced that CSoftware has successfully integrated several of its Account Information and Payment Initiation Services into its operations, according to IT Nation.
The Paypers
MAY 8, 2023
Cross-border money transfers and banking services fintech Mama Money has partnered with identity solutions provider Incode for identity verification in cross-border payments.
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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
MAY 8, 2023
BOTLabs, developer of KILT Protocol , and Deloitte Consulting have integrated KILT blockchain tech to issue reusable digital credentials to support KYC and KYB processes.
The Paypers
MAY 8, 2023
India-based food delivery company Zomato has announced its preparations of launching a logistics solution to deliver multiple customer goods for other ecommerce players.
American Banker
MAY 8, 2023
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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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