American Banker
JULY 26, 2023
Stock markets have shot up as investors grow hopeful that the United States will avoid a recession. But nearly 3 in 4 community bankers are less optimistic that the Fed will achieve its mission of reducing inflation without causing a downturn, a survey from IntraFi found.
South State Correspondent
JULY 12, 2023
Next week, FedNow goes live, ushering in the next era of faster payments. Some 57 financial institutions will start with FedNow, including about 42 banks (plus a handful of core systems providers and fintechs). FedNow joins The Clearing House, which has offered real-time payments (RTP ® ) for the last five years. Banks are about to win back payment flow from non-banks, and in this article, we break down how this will happen and what it means for your bank.
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Payments Dive
JULY 24, 2023
The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.
American Banker
JULY 9, 2023
Twenty lenders from across the country are participating in Underwriting for Racial Justice, a collaborative effort to develop new criteria that will enable marginalized borrowers to gain access to credit.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.
American Banker
JULY 25, 2023
A hefty advertising budget combined with a worldwide pool of potential members has now pushed Navy FCU beyond the 13 million-member mark, substantially larger than its nearest competitors.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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BankInovation
JULY 31, 2023
Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and the all-important act of approving or denying credit is increasingly being turned over to highly sophisticated neural networks.
BankBazaar
JULY 31, 2023
It’s time to put on y our party hats and join the celebration as BankBazaar turns 15! Over the past decade and a half, we’ve been on a thrilling journey, redefining the way Indians access credit. Let’s take a delightful trip down memory lane and relive some of the most remarkable moments that shaped BankBazaar’s incredible 15-year adventure.
Payments Dive
JULY 6, 2023
The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.
CFPB Monitor
JULY 20, 2023
The U.S. Supreme Court has scheduled oral argument on October 3, 2023 in Community Financial Services Association of America Ltd. v. CFPB. In the case, CFSA has asked the Supreme Court to affirm the Fifth Circuit panel’s decision which held that the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
TheGuardian
JULY 9, 2023
Exclusive: MPs found to hold ‘in effect secret’ stock in listed firms from banks to housebuilders Wife of Tory MP who criticised windfall tax on oil firms has £50,000 in BP shares Attorney general and close family hold £130,000 in shares in six FTSE 100 firms Which UK MPs own shares in publicly listed companies? More than 50 MPs have owned stakes in publicly listed companies that raise questions about possible conflicts of interest and that until now have been in effect secret, the Guardian can
BankUnderground
JULY 10, 2023
Marcus Buckmann, Galina Potjagailo and Philip Schnattinger Understanding the origins of currently high inflation is a challenge, since the effects from a range of large shocks are layered on top of each other. The rise of UK service price inflation to up to 6.9% in April might potentially reflect external shocks propagating to a wider range of prices and into domestic price pressures.
Alex Jimenez
JULY 31, 2023
Image by ThankYouFantasyPictures from Pixabay Journalism has been heavily impacted by technology transformation happening all around us. The introduction of the internet and later of smartphones have resulted in a significant change to both distribution and the actual practice of journalism. While there have been some positives, e.g., the ability to cover developing stories real-time through social media, the overall impact has been negative, mostly from the impact to the financial model.
BankInovation
JULY 25, 2023
Processing chargebacks has long been a time-consuming manual operation for e-commerce merchants, but now AI can be utilized to streamline the procedure for financial institutions.
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In the ever-evolving commercial lending landscape, adaptability is key to survival and growth. As lenders navigate the challenges and opportunities presented by the state of the market, alternative lending strategies have emerged as powerful tools for success. We will explore six strategies with the potential to transform lenders’ business. Understanding alternative lending strategies is crucial.
Payments Dive
JULY 10, 2023
The Federal Reserve in July is launching the FedNow Service, an instant-payment service that will help banks and other financial institutions better serve consumers and businesses.
CFPB Monitor
JULY 31, 2023
The Texas federal district court hearing the lawsuit challenging the validity of the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act (Rule) has issued an order that preliminarily enjoins the CFPB from implementing and enforcing the Rule “pending the Supreme Court’s reversal of [ Community Financial Services Association of America Ltd.
TheGuardian
JULY 9, 2023
Exclusive: Victoria Prentis’s shareholdings not disclosed in registers despite potential for conflicts of interest Revealed: shares held ‘in secret’ by scores of MPs raise questions about vested interests Which UK MPs own shares in publicly listed companies? The attorney general, Victoria Prentis, and her close family members have shares in six FTSE 100 companies worth more than £130,000 that have never been publicly disclosed, the Guardian can reveal.
Commercial Lending USA
JULY 26, 2023
Starting a new business is exhilarating. That requires dedication, vision, and, most importantly, enough financial support. But securing funding for a startup with no revenue can be a significant challenge. Traditional lenders often rely on revenue history to assess creditworthiness. Leaving many entrepreneurs feeling stuck. But fear not! In this comprehensive guide.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
Ublocal
JULY 7, 2023
As home values have increased in VT and NH in the last few years, you may have more equity in your home than you think. That equity can be borrowed against with a Home Equity Line of Credit (HELOC), or a Home Equity Loan to fund home improvements and renovations. Keep reading to learn about the differences between these two types of home financing, what they are best used for, and what to consider before applying.
BankInovation
JULY 18, 2023
PNC upped its 2023 improvement plan savings outlook by $50 million in the second quarter, increasing its cost-reduction efforts to $450 million, up from the previously announced $400 million.
Payments Dive
JULY 21, 2023
Direct access to the Fed’s payments system for nonbanks — specifically payments companies — will push the U.S. more fully into payments modernization, writes an executive from cross-border payments company Wise.
CFPB Monitor
JULY 5, 2023
The CFPB announced that on July 11, 2023 it will host a hearing on medical billing and collections, with a focus on medical payment products, such as medical credit cards and installment loans. In addition to Director Chopra, the hearing will include agency officials from the White House, the U.S. Department of Health and Human Services, and the U.S.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
TheGuardian
JULY 28, 2023
Ex-Ukip leader is back in limelight claiming to be a ‘champion for the voiceless’ – though some are wary of his latest reinvention UK politics live – latest updates Nigel Farage is used to being thanked by true believers in Brexit, but the man who came to grasp his hand as he sat down for dinner in London’s Belgravia on Tuesday night was a surprise.
American Banker
JULY 5, 2023
The Federal Reserve's instant-payments rail may cut into card issuers' credit and debit card volume over time, but it could also help smaller institutions expand their services.
Dataconomy
JULY 10, 2023
Let us introduce you to Remini baby AI generator- a powerhouse smartphone application that harnesses the potency of advanced artificial intelligence to breathe new life into your photos. A beloved tool in the photography community, Remini has emerged as the go-to platform for enhancing and refurbishing images, whether they’re aged, damaged, or simply stuck in the low-resolution abyss.
BankInovation
JULY 27, 2023
Mastercard and Visa focused on innovation in the most recent quarter. “We are winning deals across the globe through the combination of our new innovation products, differentiated services and our solution selling approach,” Mastercard Chief Executive Michael Miebach said during today’s second-quarter earnings call.
Advertiser: ZoomInfo
Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr
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