PayPal CEO gives gloomy forecast
Payments Dive
DECEMBER 8, 2022
PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.
Payments Dive
DECEMBER 8, 2022
PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.
BankInovation
DECEMBER 8, 2022
Wells Fargo launched its new AI-powered digital banking platform Vantage on Monday to create a more customized banking experience for its commercial, corporate and investment clients. Vantage allows for personalization using AI and machine learnings (ML) and is able to connect back to legacy data, Reetika Grewal, executive vice president and head of digital transformation, […].
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Payments Dive
DECEMBER 8, 2022
The card company has suspended applications for its checking and cashback debit product due to instances of fraud, its CEO said this week.
SWBC's LenderHub
DECEMBER 8, 2022
In my previous quarterly projections , I called for a recession to possibly begin as soon as the fourth quarter of this year (current quarter) and is more likely to occur in the first and second quarters of 2023. Based on the recent and continued strength of the labor markets and still healthy (but deteriorating) consumer balance sheets, the likely timing of the recession is now the second and third quarters of 2023.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
CFPB Monitor
DECEMBER 8, 2022
In a recent blog post , the CFPB addressed its approach to the court ruling that overturned the part of a CFPB April 2020 Home Mortgage Disclosure Act (HMDA) rule that increased the threshold to report closed-end mortgage loans from 25 covered loans originated in each of the prior two years to 100 covered loans originated in each of the prior two years.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
DECEMBER 8, 2022
SaverLife is a national non-profit sponsored by some of the nation’s leading financial institutions that uses financial technology to improve the financial health of low- to-moderate income consumers by incentivizing savings through prizes, rewards, expert resources, and gameplay. We first discuss SaverLife’s objectives and how its online platform operates.
Jeff For Banks
DECEMBER 8, 2022
Financial Markets & Economic Update -Fourth Quarter 2022 What a year 2022 has been! Thanksgiving is this week and we can all be thankful for our families and friends. May we all enter this holiday season joyously. We are closer to the end of inflation and employment is still strong, with job openings exceeding unemployed persons by several million.
CFPB Monitor
DECEMBER 8, 2022
In early November, Pennsylvania amended its data breach notification law broadening the definition of personal information. The amendment adds “health insurance information” and “medical information” as data elements that could trigger breach notification requirements. Coupled with this addition is a breach notification exception for businesses that are (1) subject to and (2) in compliance with HIPAA’s privacy and security standards.
The Paypers
DECEMBER 8, 2022
Australia-based ANZ Bank has revealed plans to offer digital mortgages starting in 2023 in a bid to expand its new digital banking platform.
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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
BankInovation
DECEMBER 8, 2022
Europe’s fintech giants were built on the promise of new ways to do finance. Under pressure from rising interest rates and nervous investors, their next steps are looking more like tried-and-tested traditional banking. Dutch payments firm Adyen NV began lending to small companies this year following US-Irish rival Stripe, while the UK’s Revolut has looked […].
TrustBank
DECEMBER 8, 2022
According to the Bureau of Economic Analysis (BEA) US personal saving declined to an anemic 2.3% in October. The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%. The US personal saving rate is the percentage of disposable personal income (DPI) that people are able to save. The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays.
BankInovation
DECEMBER 8, 2022
Seattle Bank has launched a new website and mobile app, CD Valet, to assist customers in finding the most competitive certificate of deposit (CD) rates while leveling the competitive playing field between large financial institutions and community banks. CD Valet is designed to help clients find CD rates and track their portfolios once they have […].
FICO
DECEMBER 8, 2022
Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. FICO Admin. Tue, 02/18/2020 - 14:57. by David Binder. Senior Director, Scores. expand_less Back To Top.
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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
The Paypers
DECEMBER 8, 2022
Ecommerce retailer and fintech firm MercadoLibre has announced it is discussing with Meta to start processing payments on the WhatsApp messaging service in Brazil.
FICO
DECEMBER 8, 2022
Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Building portfolio risk resilience into customer acquisition. FICO Admin. Thu, 12/19/2019 - 16:29. by David Binder. Senior Director, Scores. expand_less Back To Top. Thu, 12/08/2022 - 16:00. If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria.
The Paypers
DECEMBER 8, 2022
Australia-based fintech Airwallex has partnered with Plaid to offer an integrated solution that streamlines ACH payments and augments authorisation of debits from bank accounts.
FICO
DECEMBER 8, 2022
Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Building portfolio risk resilience into customer management. Saxon Shirley. Thu, 05/12/2022 - 07:46. by Jim Patterson. expand_less Back To Top. Thu, 12/08/2022 - 16:00. We all purchase insurance policies for one fundamental reason – to protect and manage our valuable assets against unexpected events.
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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
DECEMBER 8, 2022
Bitwave , an enterprise-focused digital asset finance platform designed to manage the intersection of cryptocurrency tax, accounting, and compliance, has closed a USD 15 million Series A funding round.
FICO
DECEMBER 8, 2022
Home. Blog. FICO. Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022). Building portfolio risk resilience into Collections & Recovery. asokolowski. Fri, 06/03/2022 - 12:24. by Jim Patterson. expand_less Back To Top. Thu, 12/08/2022 - 16:00. Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management.
The Financial Brand
DECEMBER 8, 2022
This article ‘Bank of Twitter’: Is Elon Musk Spitballing Or Could It Really Work? appeared first on The Financial Brand. Elon Musk is seriously considering putting Twitter into the payments business to make it profitable. Will the blue bird fly? This article ‘Bank of Twitter’: Is Elon Musk Spitballing Or Could It Really Work?
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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.
The Paypers
DECEMBER 8, 2022
UAE-based Al Fardan Exchange has joined hands with JPMorgan to offer transfers in multiple currencies to corporate customers.
The Paypers
DECEMBER 8, 2022
SaaS investment platform Tapline has secured EUR 30 mln of debt financing from Fasanara Capital and EUR 1.7 mln of equity led by V-Sharp Venture Studio.
American Banker
DECEMBER 8, 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.
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