Payments Dive
MARCH 24, 2022
A digital dollar must ensure user privacy, be "identity verifiable," be "intermediated" and be widely accepted as a means of payment, the central bank chief said Wednesday during a panel discussion hosted by the Bank for International Settlements.
CFPB Monitor
MARCH 24, 2022
Equifax, Experian, and TransUnion have announced that effective July 1, 2022, they will no longer include medical debt that was paid after it was sent to collections on consumer credit reports. In addition, the time period before unpaid medical collection debt appears on a credit report will be increased from 6 months to one year. The companies also announced that beginning in 2023, they will only report medical debt when the amount owed is at least $500.
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Payments Dive
MARCH 24, 2022
Buy now-pay later comments are due to the Consumer Financial Protection Bureau this week. And battle lines are being drawn over how to regulate a burgeoning industry.
BankInovation
MARCH 24, 2022
Canadian Imperial Bank of Commerce is managing a shortage of tech workers by training its developers in high-demand technologies including blockchain and Microsoft Azure, betting that such growth opportunities will help the lender retain current workers and attract outside talent. With tech becoming increasingly important in the finance world, Canada’s banks are seeking to hire […].
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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
CFPB Monitor
MARCH 24, 2022
The CFPB has issued a compliance bulletin that discusses business practices related to customer reviews that could be considered deceptive or unfair for purposes of the CFPA’s UDAAP prohibition. The bulletin begins with a discussion of the Consumer Review Fairness Act (CRFA) which was enacted in 2016. The CRFA provides that certain provisions in a “form contract” are void from the contract’s inception.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
William Mills
MARCH 24, 2022
If your fintech or business deals with credit unions, the Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) should be on your list. Over 4,000 attendees made the trip to Washington, D.C. and hundreds of exhibitors were ready to share their technology, form meaningful connections – and finally, collaborate in person.
BankInovation
MARCH 24, 2022
Digital currencies are only one disruptor in the already intricate U.S. banking ecosystem. Countering the belief that digital currencies could prove the “end of banking,” the rise in cryptocurrency and central bank digital currencies (CBDC) will add an additional layer of complexity to the U.S. banking system, John C. Williams, president of the Federal Reserve […].
Bobsguide
MARCH 24, 2022
GFT is delighted to be shortlisted for The Global Business Tech Awards ‘Tech Company of the Year (Large)’ in association with Don’t Panic Events. The Global Business Tech Awards recognise, reward and celebrate all things technical in the business world and our nomination demonstrates our continued growth, tech expertise and delivery achievements.
CFPB Monitor
MARCH 24, 2022
Although the decision narrowed the technology covered by the TCPA’s automatic telephone dialing system definition, the TCPA continues to be very dangerous. We first discuss the plaintiff bar’s case strategy in response to the decision and the decision’s implications for defendants’ case strategy. We then look at the increasing volume of cases alleging violations of the TCPA provisions on calls using an artificial or prerecorded voice and do-not-call, identify the most significant remaining TCP
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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
Bobsguide
MARCH 24, 2022
Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation. Financial institutions can comply with phase 6 of Uncleared Margin Rules in a matter of weeks. London, UK, March 24, 2022 – Finastra today announced that its Collateral Management as a Service app – powered by CloudMargin and available through Finastra’s FusionFabric.cloud platform ¬– now incorporates new capabilities to help financial institutions meet the requirements for Uncleared
CB Insights
MARCH 24, 2022
Jeeves , an expense management platform, has raised $180M in a Series C. The round drew participation from Andreessen Horowitz, GIC, Gaingels, Silicon Valley Bank, Stanford University, and Tencent Holdings, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop
The Paypers
MARCH 24, 2022
US-based Gemini , a cryptocurrency exchange, has received a new e-money licence from the Central Bank of Ireland , the country’s financial services regulator.
CB Insights
MARCH 24, 2022
Omnipresent , an employment management platform, has raised $120M in a Series B. The round drew participation from Kinnevik, Tencent Holdings, and Uncorrelated Ventures. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-co
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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
MARCH 24, 2022
Germany-based fintech Raisin , known for its investment platform Weltsparen.de has announced expanding its product portfolio with an alternative asset class in partnership with the digital private equity investment platform Moonfare.
The Paypers
MARCH 24, 2022
US-based SaaS ecommerce platform BigCommerce has selected dLocal to support cross-border as well as local-to-local pay-ins in LATAM.
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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
MARCH 24, 2022
Music streaming service Spotify has announced a multiyear agreement with Google to introduce user choice billing for its users.
Commercial Lending USA
MARCH 24, 2022
Commercial Loan | Commercial Truck Loan
The Paypers
MARCH 24, 2022
The government of El Salvador has decided to postpone the issue of a Bitcoin- (BTC)-backed bond due to the unfavourable market conditions fuelled by the geopolitical crisis.
American Banker
MARCH 24, 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
MARCH 24, 2022
Kenya-based payments company Cellulant and United Bank of Africa have partnered to extend payment services for merchants across 19 African countries.
The Paypers
MARCH 24, 2022
Bottomline and Strategic Treasurer have announced the 2022 Treasury Fraud & Controls Survey results, highlighting findings of corporate and banking experiences, plans, and actions regarding fraud.
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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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