South State Correspondent

OCTOBER 23, 2022

In the last 12 months, the Federal Reserve went from arguing that inflation was a transitory phenomenon to raising interest rates to fight runaway inflation by three percent in just six months. The result is not only higher rates but the most severe interest rate hiking cycle in the past 35 years – and it is not over yet. Banks must plan for the possibility of high inflation and rising interest rates, not just for the next few years but perhaps for the remainder of the decade.

Community Bank 221

Community Bank Community Meeting Lending 221

Accenture

OCTOBER 25, 2022

The world of banking is big—too big for one person to cover alone, especially with today’s digitally-fueled pace of change. In that spirit, I’m turning my blog over to my colleague Steven Smith for this post on the once-in-a-generation opportunity emerging in retail banking right now. Steve is a managing director at Accenture and our…. The post Why retail banking presents rare opportunities right now appeared first on Accenture Banking Blog.

Retail 221

Retail Management Customer Experience Innovation 221

ATM Marketplace

OCTOBER 25, 2022

Although some consumers have embraced digital cards in light of COVID-19, others remain concerned about security breaches. In light of all of this, we must ask the question: What's the current state of digital cards and where are they headed?

Cards 112

Cards Security 112

Payments Dive

OCTOBER 25, 2022

Thousands of payments and fintech professionals at the Money 20/20 conference in Las Vegas this week are racing ahead with high-growth businesses, even as a drop-off in capital threatens to ruin the celebration.

Las Vegas 338

Las Vegas Fintech Conference Capital 338

Advertisement

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

Lending

Perficient

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR). The ANPR is intended to solicit public input regarding whether an extra layer of loss-absorbing capacity could improve optionality in resolving a large banking organization or its insured depository institution, as well as garner feedback on whether the public deems t

Capital 275

Capital Regulation FDIC Regional 275

South State Correspondent

OCTOBER 26, 2022

Help us, help you. It is budget and strategic planning season, and many banks have asked for this data in order to help calibrate their bank. We are asking about your expected budgets, views on the economy, prospects for growth, and the most significant challenges. We are looking for your thoughts on the future of banking. The below survey sets out to answer these questions and more… with your help!

Survey 195

Survey US Analysis Data 195

Payments Dive

OCTOBER 28, 2022

The well-funded startup is taking on big clients and big rivals in seeking to offer cross-border payroll and payment services, with checks sent to workers in 72 hours.

Payments 273

Payments 273

Perficient

OCTOBER 26, 2022

Inflation reached a forty-one-year high in June , and according to the Consumer Price Index, prices have remained elevated. Many are struggling to make their dollars stretch and are looking to their financial institutions for guidance on how to better manage spending and stay afloat financially. Financial firms cannot singlehandedly control inflation, of course, but they can position themselves as knowledgeable partners that customers can depend on to be in their corner.

Data 275

Data Tools Training Cards 275

CFPB Monitor

OCTOBER 27, 2022

Two recently-passed bills in California, Assembly Bill 2311 (“AB 2311”) and Senate Bill 1311 (”SB 1311”), were signed into law by Governor Gavin Newsom on September 13 and September 27, respectively, placing new restrictions on the sale of Guaranteed Asset Protection (“GAP”) waivers in California. The new laws limit the price of GAP waivers, add new disclosure requirements, ban GAP waiver sales in certain instances, and prohibit financing of GAP insurance in auto loans to servicemembers.

California 148

California Security Regulation United States 148

Advertisement

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

Report

ATM Marketplace

OCTOBER 28, 2022

Louisville, Kentucky rock festival Louder than Life encouraged attendees to go cashless, but unfortunately the strategy hit several snags.

Louisville 119

Louisville Kentucky Strategy Payments 119

Payments Dive

OCTOBER 28, 2022

The company also credited cross-border travel, digital-first deals with banks and co-branding alliances for its performance during the quarter.

Branding 273

Branding Company 273

SWBC's LenderHub

OCTOBER 27, 2022

Collecting on delinquent accounts is a time-consuming challenge for many financial institutions. The tasks involved are often tedious for internal employees using manual (vs. automated) processes and can lead to a decrease in productivity for your team.

How To 88

How To 88

CFPB Monitor

OCTOBER 27, 2022

The CFPB has told two courts, an Illinois federal district court and the Ninth Circuit, that the Fifth Circuit panel decision holding that the Bureau’s funding mechanism is unconstitutional is “neither controlling nor correct” and “mistaken.” . The CFPB addressed the panel’s decision in Community Financial Services Association v. CFPB in its response to the Notice of Supplemental Authority filed by TransUnion in the CFPB’s enforcement action against TransUnion in the Illinois court and in a lett

Illinois 146

Illinois FDIC California System 146

Advertisement

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

BankInovation

OCTOBER 28, 2022

Global economic instability has made rough waters, and balancing the books nowadays is a tough job, to say the least. Conventional advice on how organizations should behave in a tumultuous economic environment has been to do everything possible to cut costs across departments and ride out the storm. However, paying little attention to furthering investments […].

98

98

Payments Dive

OCTOBER 27, 2022

After selling off three business units and taking other actions to “tighten spending” in the third quarter, Fiserv CFO Bob Hau expects cost improvement for the fourth quarter.

Milwaukee 221

Milwaukee 221

FICO

OCTOBER 24, 2022

Home. Blog. FICO. Fannie Mae and Freddie Mac Will Require the Use of FICO Score 10 T. FICO?Score 10 T gives mortgage lenders the flexibility and predictive power to make more precise lending decisions. FICO Admin. Tue, 11/12/2019 - 19:52. by James Wehmann. expand_less Back To Top. Mon, 10/24/2022 - 21:05. The Federal Housing Finance Agency (FHFA) has announced that FICO® Score 10 T has been validated and approved for use by Fannie Mae and Freddie Mac (the Enterprises).

Lending 93

Lending Trends Data Analytics 93

TheGuardian

OCTOBER 26, 2022

Bank had been forecast to report slight fall in earnings but key revenues increased by almost 60% A rise in borrowing costs for mortgage and loan customers, as well as the recent market meltdown, has helped Barclays increase key revenues and push its latest quarterly profits higher to £2bn. The UK bank, which had been expected to reveal a slight dip in earnings, said pre-tax profits instead rose 6% in the three months to the end of September.

Taxes 92

Taxes Marketing Report 92

Advertisement

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.

Lending

BankInovation

OCTOBER 25, 2022

LAS VEGAS — Wells Fargo will launch a new artificial intelligence (AI)-based virtual assistant that will be powered by Google Cloud. The AI assistant, Fargo, will allow customers of $1.9 trillion Wells Fargo 24/7 access to their accounts with the ability to activate and deactivate debit cards, search for transactions, monitor FICO scores and review […].

Las Vegas 98

Las Vegas Google Cards 98

Payments Dive

OCTOBER 24, 2022

As payments companies face economic headwinds, Fiserv and its peers “may try to focus on their strongest market positions versus more ancillary opportunities,” said Oppenheimer & Co. analyst Dominick Gabriele.

Strategy 221

Strategy Marketing Payments Company 221

Jack Henry

OCTOBER 28, 2022

Have you ever forgotten a password? Of course! We’ve all been there. But what if I told you that in 2022, you shouldn’t even know your password ? In fact, perhaps you don’t even need a password at all (at least, not in the traditional sense).

Course 78

Course 78

CFPB Monitor

OCTOBER 27, 2022

The U.S. Court of Appeals for the Fifth Circuit recently denied rehearing en banc in Jarkesy v. Securities and Exchange Commission , a case with significant implications for the use of administrative law judges (ALJs) by federal agencies, including the CFPB. The SEC is expected to file a certiorari petition with the U.S. Supreme Court. The underlying case in Jarkesy involved an SEC investigation that resulted in an administrative action against the petitioners in which the SEC alleged that the

District of Columbia 78

District of Columbia Fraud Security Community 78

Advertisement

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

TheGuardian

OCTOBER 27, 2022

Larger-than-expected drop in profits to £1.5bn in third quarter comes despite rising interest rates Profits at Lloyds Banking Group tumbled 26% in the three months to September as the UK’s largest mortgage lender steeled itself for a potential surge in defaults as it predicted house prices would fall 8% next year. The drop in profits was much larger than the 9.5% analysts had expected, and was the result of having to put aside an extra £668m amid fears that some loan and mortgage customers could

Groups 87

Groups Policies 87

Payments Dive

OCTOBER 25, 2022

The company's suite of seven banking products includes early wage access, as well as bill pay and instant funding. The latter two will be available in beta next year.

Company 221

Company 221

Jack Henry

OCTOBER 27, 2022

In the wake of monumental economic disruption brought on by the COVID-19 pandemic – along with widespread financial fragmentation caused by consumers dividing their financial resources between multiple providers – a bright spot has emerged. Consumers are making their financial health a priority, and they’re looking to their primary financial institutions for help and support.

Strategy 78

Strategy Resources Study 78

CFPB Monitor

OCTOBER 27, 2022

n a recent enforcement action against online alcohol delivery service Drizly and its CEO, James Rellas, the Federal Trade Commission (FTC) made clear its focus on data minimization and limitations on the secondary uses of data. Although the action arose out of a common security failure—the sort that has been the subject of numerous prior FTC consent decrees—the enforcement requirements extend beyond the standard implementation of an information security program.

Data 78

Data Security Training Policies 78

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.

Marketing