Accenture
MARCH 21, 2022
There’s a buzz in the payments industry following Apple’s announcement that it will enable “tap on phone” on its devices. Let’s take a closer look at this opportunity and why everyone is talking about it. What is it? Tap on phone instantly turns a merchant’s smartphone or tablet into a contactless point-of-sale (POS) terminal that…. The post Is “tap on phone” the next big thing in payments?
Payments Dive
MARCH 21, 2022
A report this month from the organization outlines a litany of complaints about buy now-pay later, such as hidden fees, and suggests the industry is trying to evade consumer protection laws.
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South State Correspondent
MARCH 21, 2022
Last week’s FOMC Meeting resulted in an increase in short-term interest rates by 25 basis points (bps) and projected seven rate hikes in 2022 and another four hikes in 2023. The FOMC projects the Fed Funds rate to reach 1.875% by the end of the year and 2.75% next year (see DOT plot below). However, these published projections may misrepresent the members’ forecasts, and short-term rates may be substantially higher than current thinking.
Payments Dive
MARCH 21, 2022
Payments software juggernaut Stripe said it has landed crypto company Blockchain.com as a new customer and that it's aiming to aid the digital currency client in international expansion.
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.
South State Correspondent
MARCH 21, 2022
Light Data Week but Heavy on Fed Speak. The week is light on economic data but heavy on more Fed speak. The microphones have already been turned on this morning and Atlanta Fed President Raphael Bostic was first out of the gate with several statements that sent Treasury yields immediately higher. First, he noted the Fed needed to get the funds rate to neutral as fast as possible, and he defined neutral as around 2.25%.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
MARCH 21, 2022
Last week, the CFPB published a blog post , stating that it “strongly encourages” mortgage servicers to participate in Homeowner Assistance Fund (HAF) programs. The Bureau asserts that it “remains focused on preventing avoidable foreclosures to the maximum extent possible and expects mortgage servicers to do the same.”. By way of background, HAF is a federal program that provides money to states, tribes, and territories to assist homeowners with housing costs.
Payments Dive
MARCH 21, 2022
New York-based corporate spend management platform Ramp said today it's raised $200 million in equity and $550 million in debt financing, bringing its valuation to $8.1 billion.
SWBC's LenderHub
MARCH 21, 2022
Last Week. Last week was marked once again by extreme volatility. On Wednesday, we had the Fed FOMC statement and presser. Stocks and credit risk assets were soothed by Chairman Powell’s words that his aggressive inflation fighting monetary policy wouldn’t bring on recession.
Bobsguide
MARCH 21, 2022
CompatibL is proud to have been nominated in the following categories in this year’s FTF News Technology Innovation Awards: 5.Best Cloud-Native Computing Initiative: CompatibL Cloud Platform. 12.Best Digital Transformation Solutions Provider: CompatibL. 15.Best Middle-Office Solution: CompatibL Risk Platform. 22.Best Professionals Services Provider: CompatibL. 27.FinTech Person of the Year: Alexander Sokol, CompatibL. 28.Ops Business Person of the Year: Olga Orekhvo, CompatibL. 30.Software Solut
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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
BankBazaar
MARCH 21, 2022
There is no one way to gain knowledge. Anyone can tell you that. But are you a believer in it? Or have you made up your mind on ‘things’ being learnt a ‘certain way’? We’re talking about those very things, a little differently, today! Are you a poet and don’t know it? Get it? Get what we did there? This World Poetry Day, let’s awaken the poet in us and learn something we could use – through rhyme!
SWBC's LenderHub
MARCH 21, 2022
After two years of navigating disruptions to the economy following the COVID-19 pandemic, experiencing historic highs and lows in the labor market, cleaning up a global supply chain mess, and making recovery gains, it would be nice if we could enjoy a period of relative calm.
BankInovation
MARCH 21, 2022
The Great Resignation wave has rapidly moved across the American labor force, exacerbating the pains of pandemic-affected companies. As customers demand not just increasingly digital experiences but impeccable and instant ones, enterprises like banks struggle to keep up. An emerging technology, such as machine learning-powered artificial intelligence (AI), is commonly proposed as a solution — […].
TheGuardian
MARCH 21, 2022
Not all cryptocurrency investors fit the cliches. Many are people looking to somehow claw their way out of a life of constant struggle I can’t explain exactly how I ended up on crypto Twitter (or CT, as it’s known in the cryptosphere) and in the crypto-focused Telegram and Discord groups I started lurking in late last summer. As a writer I don’t really have a regular beat.
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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
MARCH 21, 2022
The war in Ukraine, a major nearshoring hub for IT, could create challenges for financial institutions and core providers already struggling to find IT workers. “My experience from nearshoring to Eastern Europe is it can take months to find new resources and get them online and productive,” Rob Norris, senior analyst at advisory firm Celent, […].
CFPB Monitor
MARCH 21, 2022
Colorado Attorney General Phil Weiser recently announced that three Colorado-chartered credit unions had entered into Assurances of Discontinuance (AODs) with the Colorado Administrator of the Uniform Consumer Credit Code (UCCC) to resolve the issues between the Administrator and credit unions concerning whether the credit unions had failed to make refunds of unearned fees for Guaranteed Automobile Protection (GAP) as required by the Colorado UCCC.
BankInovation
MARCH 21, 2022
SWIFT member banks must overcome major technology and business hurdles to upgrade their systems for ISO 20022 messaging requirements. The upcoming November adoption of ISO 20022 — a widely accepted standard for sending digital payment messages and data between financial institutions — and the rapid approach of services like FedNow and an ISO 20022-integrated Fedwire […].
CFPB Monitor
MARCH 21, 2022
In the latest development in the CFPB’s long-running lawsuit against RD Legal Funding, a New York federal district court judge denied RD Legal’s motion to dismiss and held that because the CFPB, under former Director Cordray’s leadership had the authority to initiate the lawsuit, ratification of the lawsuit by former Director Kraninger was unnecessary.
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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.
Jack Henry
MARCH 21, 2022
With the growth of cybersecurity and an ever-changing marketplace, there’s been an explosion of acronyms in the tech industry. Two of these acronyms, SIEM and SOAR, have evolved over the decades, and in how they continue to adapt to today’s cybersecurity challenges.
Bobsguide
MARCH 21, 2022
Finastra and Union of Arab Banks to accelerate digital banking together. Partnership will see the development of a model digital bank, licensed to Union of Arab Banks members to help them transition into digital banking. Dubai, UAE – March 21, 2022 – Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers.
CB Insights
MARCH 21, 2022
Moove , a mobility fintech firm, has raised $105M in debt and equity. $65M in equity funding has been provided by Speedinvest, Left Lane Capital, and AfricInvest, among others. Undisclosed investors have contributed the debt financing. <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="
FICO
MARCH 21, 2022
How are UK cardholders managing their payments? Our analysis of UK card trends for January 2022 suggests that they're managing card spend relatively well, despite well-documented increases in the cost of living. . The new data for January 2022 illustrates the continued mixed picture of consumer financial management. Having seen the percentage of accounts paying their full balance start to drop in December, it was anticipated this pattern – and other signs of financial stress - would be evident
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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.
CB Insights
MARCH 21, 2022
Stilt , a fintech company, has raised $114M via a Series A round and a line of credit. The Series A funding has been provided by Hillsven Capital, Link Ventures, and Petrushka Investments, among others, and undisclosed investors have contributed the $100M line of credit. <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-
The Paypers
MARCH 21, 2022
Singapore-based Grab-Singtel consortium, also known as GXS Bank has been said to serve both retail and corporate customers and even offer business loans.
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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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