Accenture
OCTOBER 5, 2021
The pace of change in payments right now might seem overwhelming. The pandemic has supercharged the trend towards contactless, online and instant payments. Contactless payments, for instance, grew 150% from March 2019. This is just the start. In the next 10 years, almost 2.7 trillion transactions, worth $48 trillion, are projected to shift from cash….
Perficient
OCTOBER 5, 2021
The last 18 months surprised the collections industry as it relates to forecasting future losses for respective loan portfolios. Many banks, credit unions, and credit providers were left asking themselves, “when do we expect this to turn?”. In speaking with many industry leaders in the collection space during the pandemic, they stated it was a “blind target they struggled to predict.
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Accenture
OCTOBER 5, 2021
Core banking systems have sat at the heart of banks’ operations for decades. But with the banking landscape changing faster than ever – thanks to new digital innovations, regulations, and consumer expectations – many of these legacy platforms now struggle to keep pace. The result? Banks are increasingly finding that their existing cores are holding….
Jack Henry
OCTOBER 5, 2021
Autumn is a time of transition from those hot summer days (where it doesn’t get dark until around 10:00 p.m. where I live) to cool mornings with temperatures in the 50s and sunsets before dinnertime. Autumn is a time when trees shed their leaves and we prepare for the more sinister season of winter. Autumn is also a time to pay special attention to security, with National Preparedness Month (September) and Cybersecurity Awareness Month (October).
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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
Accenture
OCTOBER 5, 2021
Core banking systems have sat at the heart of banks’ operations for decades. But with the banking landscape changing faster than ever – thanks to new digital innovations, regulations, and consumer expectations – many of these legacy platforms now struggle to keep pace. The result? Banks are increasingly finding that their existing cores are holding….
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
OCTOBER 5, 2021
I’ve been thinking a lot lately about the power of the massive datasets available today, and how auto and equipment finance companies could make better use of that data. In our latest Technology Vision, I see data as being a critical component of all the trends companies are facing. Digital-twin technologies, for example, are being…. The post How intelligent data can benefit auto & equipment lenders appeared first on Accenture Banking Blog.
BankInovation
OCTOBER 5, 2021
Microsoft’s new cloud service for financial services companies, set to launch Nov. 1, aims to provide financial institutions with support for automated lending processes. Microsoft Cloud for Financial Services, which soft-launched in February, will include Collaboration Manager, a tool that supports front- and back-office automations of lending processes, incorporating functions such as e-signatures and collaboration […].
TheGuardian
OCTOBER 5, 2021
Regulator Apra tells lenders to ensure new mortgagees can cope with three percentage point rise in interest rates Get our free news app ; get our morning email briefing Mortgage interest rates may be near their lowest in history, but people applying for a new loan will have to ensure they are capable of paying a much higher rate when they inevitably rise in the future.
BankInovation
OCTOBER 5, 2021
TPG is acquiring a majority stake in automation-software firm Nintex, which is backed by Thoma Bravo, according to a statement Tuesday. The deal is valued at more than $2 billion, including debt, according to people familiar with the matter who asked not to be identified because the terms are private. Nintex was valued at $460 […].
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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 5, 2021
In a new Data Point report, “ Subprime Auto Loan Outcomes by Lender Type ,” the CFPB looks at how interest rates and default risk vary across different types of subprime lenders , and how much of the variation in interest rates among subprime loans can be explained by differences in default rates. The CFPB generally concluded that subprime borrowers pay different interest rates depending upon the type of lender they use to finance their vehicle purchase.
BankInovation
OCTOBER 5, 2021
With 4.3 million new business applications processed in the U.S. in 2020 ? an increase of 23% from the prior year ? and more than 5 million applications estimated to be filed this year, the pandemic is driving a unique operating landscape for small and midsize businesses (SMBs) and an opportunity for financial service providers […].
BankUnderground
OCTOBER 5, 2021
Ambrogio Cesa-Bianchi and Fernando Eguren-Martin. In March 2020, the Covid-19 (Covid) outbreak turned the world upside down. With economies virtually shut, financial markets were an exception and remained open. However, it was not business as usual for them: the increased need to meet immediate obligations, and a more generalised increase in risk aversion, led investors to liquidate positions in favour of hard old cash.
BankInovation
OCTOBER 5, 2021
“How may I help you?” It seems like an honest, straightforward way to start an interaction. A standard phrase that is friendly, polite and even feels customer-centric. For many decades, it has been the de facto starting point for customer service phone calls. And that’s the problem. A phrase that defined the era of phone-based […].
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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.
William Mills
OCTOBER 5, 2021
Many people believe they are clear communicators until a mishap happens. While communication in its purest form has not changed, providing and receiving information, how it is done has drastically changed. There are verbal, written, and visual avenues to convey information. What we have learned is that communicating effectively with people sometimes includes over-communicating.
BankInovation
OCTOBER 5, 2021
Bank Automation News is proud to announce the Bank Automation Summit 2022, the only event designed solely to provide industry professionals with insights, strategies and best practices for automating bank functions. This premier industry event will take place on March 1-2 at the JW Marriott in Charlotte, N.C. View the full agenda here. Produced by […].
TheGuardian
OCTOBER 5, 2021
Thirty-five organisations implore Australia, which is ADB’s fifth-largest shareholder, to help the region ‘make a just and equitable low-carbon transition’ Get our free news app ; get our morning email briefing The Australian government is being urged to support an end to the financing of fossil fuel projects as the Asian Development Bank prepares to signs off on a new energy policy later this month.
Commercial Lending USA
OCTOBER 5, 2021
At Commercial Lending USA, we work Commercial Truck Financing and Leasing with business owners like you to grow your business. Whether you need working capital or commercial vehicle financing/leasing — we can help.
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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.
FICO
OCTOBER 5, 2021
I recently had the honor to participate in a panel discussion during the Aite-Novarica Financial Crime Forum. Joining me were insightful leaders from the financial industry: Trace Fooshee from Aite-Novarica, Stan Dillon from FIS, Deepthi Machavaram from BNY Mellon and Mike Sherrod from Truist. This was a lively and insightful discussion around operationalizing converged intelligence in the fraud and compliance ecosystem.
CB Insights
OCTOBER 5, 2021
The post Behind The Scenes Of The Fintech 250 appeared first on CB Insights Research.
The Paypers
OCTOBER 5, 2021
McAfee Enterprise and FireEye Products are set to merge into a single company that will have a revenue of almost USD 2 billion.
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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.
American Banker
OCTOBER 5, 2021
The Paypers
OCTOBER 5, 2021
Authologic has partnered with Nordigen to offer businesses a way to check the identity of their clients online.
American Banker
OCTOBER 5, 2021
The Paypers
OCTOBER 5, 2021
Restart Energy , an independent supplier of electricity and natural gas on the local market, has announced the launch of RED, a tokenized carbon offset ecosystem.
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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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