Accenture

SEPTEMBER 2, 2021

When I started as a commercial banking relationship manager (RM) in the early ‘90s, a big part of my job was prospecting for new customers. This was an era when public information on privately held, mid-sized companies was extremely limited. The filings book I used to search for information—a thick paperback known as the Uniform…. The post How intelligent prospecting will grow commercial banking appeared first on Accenture Banking Blog.

Management 392

Management Company Digital Banking 392

Jack Henry

SEPTEMBER 2, 2021

Although ransomware has been a threat for organizations across diverse industries for decades, we are all aware that recently it has reached a prominence on the international stage never seen before – with multiple headlines and supply chain disruptions that affected millions of Americans. Not surprisingly, both bankers and regulators have taken up a renewed interest in how financial institutions can better protect themselves from this nightmare scenario.

Data 147

Data Regulation Industry 147

BankInovation

SEPTEMBER 2, 2021

Maybe it’s the pandemic, or millennials’ superego manifesting upon the collective consciousness. Maybe it’s the zeitgeist. Whatever the reason, environmental, social and corporate governance (ESG) programs are increasingly finding favor with financial institutions. That’s especially true now, said Mukund Rao, chief business officer for banking, financial services and insurance for IT services and outsourcing company […].

Millennials 97

Millennials Company Management 97

CFPB Monitor

SEPTEMBER 2, 2021

New York Governor Kathy Hochul announced this week that she has nominated Adrienne Harris to serve as Superintendent of the state’s Department of Financial Services. If confirmed by the New York Senate, Ms. Harris would succeed Linda Lacewell whose last day at the DFS was August 24. Ms. Harris previously served as a Senior Advisor in the Treasury Department during the Obama Administration.

Michigan 78

Michigan New York Policies Washington 78

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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

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BankInovation

SEPTEMBER 2, 2021

Technology innovation isn’t just making embedded finance possible, it’s opening up new business channels. Embedded finance — or financial services integrated into a variety of software and applications from non-banking digital providers — is made possible by application programmable interfaces (APIs), cloud computing, and the ubiquity of smartphones, agreed a panel of five banking and […].

Innovation 97

Innovation Software Technology 97

FICO

SEPTEMBER 2, 2021

. I’m a big fan of the Ford Bronco. In addition to the trusty Bronco I take off-roading, I’m near the top of the 125,000-person waiting list for the new model. In my years of negotiating impossible inclines and boulder-strewn roads I’ve realized that driving a Bronco is a lot like solving analytics challenges — it’s counterproductive to use more horsepower than you need.

Analytics 52

Analytics San Diego Data Training 52

TheGuardian

SEPTEMBER 2, 2021

Asic changes mean banks will no longer allow their internal ‘customer advocates’ to hear appeals against adverse decisions Get our free news app ; get our morning email briefing Banks have quietly removed the ability of borrowers to appeal adverse decisions to internal customer advocates, because they fear running out of time to decide claims under new rules brought in by the corporate regulator.

Regulation 51

Regulation 51

The Paypers

SEPTEMBER 2, 2021

Sweden-based Banking-as-a-Solution (BaaS) provider Intergiro has partnered with UK-based payments company Currencycloud to integrate Currencycloud Spark into its portfolio of API solutions.

Payments 53

Payments Company 53

TheGuardian

SEPTEMBER 2, 2021

Former chancellor’s actions in relation to OakNorth, who he is paid to advise, ‘not acceptable’ The former chancellor Philip Hammond has been rebuked for using his government connections to assist a bank he is paid to advise. Eric Pickles, who chairs the Advisory Committee on Business Appointments (Acoba), said it was an “unwise step” for Hammond to contact a senior Treasury official about a project developed by OakNorth.

Policies 51

Policies 51

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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

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American Banker

SEPTEMBER 2, 2021

Fintech 101

Fintech 101

The Paypers

SEPTEMBER 2, 2021

Paysafe has finalised the acquisition of Peru-based fintech company Pago Efectivo to increase its presence in Latin America.

America 50

America Fintech Company 50

American Banker

SEPTEMBER 2, 2021

Texas 73

Texas Capital Regional 73

The Paypers

SEPTEMBER 2, 2021

Spotify has partnered with Tinkoff in Russia to allow Tinkoff ecosystem customers to subscribe and set up automatic payments for the music service via the Tinkoff super app or at Tinkoff.ru.

Payments 39

Payments 39

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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.

Lending

American Banker

SEPTEMBER 2, 2021

Cards 68

Cards 68

The Paypers

SEPTEMBER 2, 2021

The Financial Data Exchange (FDX) has reported that 22 million consumer accounts are now using its FDX API for Open Finance data sharing.

Data 41

Data Report 41

American Banker

SEPTEMBER 2, 2021

Community Bank 68

Community Bank Taxes Community Policies 68

The Paypers

SEPTEMBER 2, 2021

Facebook has started to roll out Facebook Pay as a payment option directly on merchant websites, starting with Shopify sellers in the US.

US 42

US Payments 42

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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.

US

American Banker

SEPTEMBER 2, 2021

Mobile 56

Mobile 56

The Paypers

SEPTEMBER 2, 2021

Juniper Research data has shown that the value of instant payments will exceed USD 27.7 trillion in 2026, representing a 470% increase from the USD 4.8 trillion recorded in 2021.

Payments 34

Payments Data 34

American Banker

SEPTEMBER 2, 2021

Capital 45

Capital Regulation 45

The Paypers

SEPTEMBER 2, 2021

US-based bank JP Morgan has agreed to a EUR 25 million euros (USD 29.6 million) fine in a settlement of a tax fraud case, French financial prosecutors' office said, according to Reuters.

Taxes 34

Taxes Fraud US 34

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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.

Compliance

American Banker

SEPTEMBER 2, 2021

Taxes 41

Taxes Fraud 41

The Paypers

SEPTEMBER 2, 2021

A poll for Euronews has found that a majority of Europeans want their own governments to regulate cryptocurrency while a growing number would also support the creation of national digital currencies.

cryptocurrency 34

cryptocurrency Regulation National 34

SWBC's LenderHub

SEPTEMBER 2, 2021

Each year, Dictionary.com chooses a single word to define the previous 12 months. The People’s Choice 2020 Word of the Year was "Unprecedented.". Senior Research Editor for Dictionary.com, John Kelly, said , “The pandemic, the protests, the extreme climate episodes—2020 sent us searching for a word that could do justice to the scale and pace of all this upheaval.

US 78

US 78

The Paypers

SEPTEMBER 2, 2021

New Zealand’s Kiwibank and BNZ have waived contactless debit account payment fees for small and medium-sized businesses until the end of October 2021.

Payments 34

Payments 34

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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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