Fri.Apr 16, 2021

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Greensill inquiry chairman sits on board of private bank linked to Tory party

TheGuardian

Questions raised over Nigel Boardman’s appointment given role at Arbuthnot Banking Group, which also employs former civil servants The man appointed by Boris Johnson to rule over the Greensill lobbying scandal is on the board of a private bank that has close ties with the Conservative party and has a number of former civil servants in its ranks, the Guardian can reveal.

Groups 135
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CompatibL pursuing growth following BG awards win

Bobsguide

CompatibL - winner of the 2020 bobsguide award for Best Cloud Platform - is accelerating the development of technology with cloud capabilities. Executive chairman Alexander Sokol sat down with our editor Michael McCaw to discuss the key tech trends in cloud computing, including the increasing.

Trends 88
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BNY Mellon, Citizens Financial and PNC report higher tech spending, mixed results on efficiency ratios

BankInovation

Banks continued to report strong quarterly earnings on Friday, but presented a mixed bag of efficiency ratios. An uptick in efficiency ratios generally indicates a decline in profitability, with an ideal ratio considered to be 50% or below. Bank Automation News has compiled the efficiency ratios reported by banks for Q1 of 2021 and Q4 […].

Report 98
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CFPB enters into proposed settlement of lawsuit filed against debt settlement company alleging abusive conduct in violation of CFPA

CFPB Monitor

The CFPB announced earlier this week that it has entered into a proposed settlement of its lawsuit filed in a California federal district court against SettleIt, Inc., a debt settlement company, alleging that the company engaged in abusive acts or practices in violation of the Consumer Financial Protection Act and also violated the Telemarketing Sales Rule.

Company 78
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Microsoft engages with regulators on new cloud technology

BankInovation

Microsoft reaches out to financial regulators around the globe to ensure that its offerings are compliant, and does so on a regular basis. However, the company did not respond to a general request for information issued by the Office of the Comptroller last year, and so far remains mum on a similar request from five […].

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Bots are ‘all over place’ at PNC

BankInovation

High-tech automations run throughout PNC bank, with bots handling tasks that range from creating branch appointments to scanning documents for Payroll Protection Program (PPP) data. Enterprise Chief Information Officer Ganesh Krishnan shared details about the $433 billion bank’s automation initiatives during Wednesday’s BA Ignite fireside chat with JJ Hornblass, chief executive officer of Royal Media. […].

Data 93
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Even exceeds $2.5 billion in instant payments to workers from Walmart, PayPal and others

Payments Source

Payments 154
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BNY Mellon, Citizens and PNC report higher tech spending, efficiency mixed

BankInovation

Banks continued to report strong quarterly earnings on Friday, but presented a mixed bag of efficiency ratios. An uptick in efficiency ratios generally indicates a decline in profitability, with an ideal ratio considered to be 50% or below. Bank Automation News has compiled the efficiency ratios reported by banks for Q1 of 2021 and Q4 […].

Report 91
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Payment terminals are becoming the add-on, not the baseline

Payments Source

Payments 112
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The State of Automation in Financial Services 2024 Report

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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Weekly Wrap: Surprises and revelations from PNC, Citi, Synchrony and others at BA Ignite

BankInovation

This week, Bank Automation News shared revelations and surprises from the BA Ignite virtual conference, held Tuesday and Wednesday. The main takeaway: Banks remain in the early stages of automation, pursuing the low-hanging fruit of bot automation, rather than evolving a more comprehensive strategic play, as advocated by PNC’s Enterprise Chief Information Officer Ganesh Krishnan […].

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Citi poised for cardholder acquisition push

Payments Source

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Beacon Community Bank (SC) Has Competitive 30-Month CD

BankDeals

Beacon Community Bank (SC) currently offers competitive rates on its long-term CDs. Minimum opening deposit is $250, with no stated balance caps.

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Constantly changing fraud requires a multi-front offensive

Payments Source

Fraud 88
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Community National Bank (KS) Offers Kasasa Brand Statewide

BankDeals

Community National Bank (Kansas) offers its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Saver accounts on statewide basis.

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WISeKey, CasperLabs to launch a secure NFT marketplace

The Paypers

Switzerland-based WISeKey has announced its partnership with CasperLabs , to bring trust to the hype around Non-Fungible Tokens (NFT) with the launch of TrustedNFT.io.

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Home BancShares is ready to buy banks again

American Banker

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RBL Bank, Mastercard partner to launch mobile banking payment solution in India

The Paypers

RBL Bank and Mastercard have partnered to launch the Pay by Bank app, a mobile banking payment solution, in India.

Mobile 45
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Channel your inner Knute Rockne to help your team weather tough times

American Banker

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i2c states commitment in helping FIs with credit issuing solutions

The Paypers

US-based i2c announces plans to help current issuers offer more competitive credit products and enable more banks to enter the card-issuing space.

US 40
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With core switch, small Alabama bank aims to settle transactions in real time

American Banker

Alabama 78
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4 Data Analytics Tips Help Financial Institutions Match Consumer Needs

The Financial Brand

Practical digital marketing suggestions that will assist vulnerable consumers to regain their footing, and others to receive relevant offers. The post 4 Data Analytics Tips Help Financial Institutions Match Consumer Needs appeared first on The Financial Brand.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Amazon announces USD 250 mln venture fund for India-based startups

The Paypers

Amazon has announced a USD 250 million venture fund to invest in Indian startups and entrepreneurs focusing on digitization of SMBs in the key overseas market.

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Citi poised for cardholder acquisition push

American Banker

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PARSIQ, Hex Trust announce partnership to bolster custody

The Paypers

PARSIQ , a blockchain monitoring and event tracking service provider, has announced it has entered a new strategic partnership with Asia’s digital asset custodian, Hex Trust.

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Wyoming's new senator spreads gospel of financial innovation

American Banker

Wyoming 48
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.