Sat.Oct 22, 2022 - Fri.Oct 28, 2022

The Three Most Crucial Cybersecurity Defenses in Banking

The Financial Brand

This article The Three Most Crucial Cybersecurity Defenses in Banking appeared first on The Financial Brand. Anomaly detection is increasingly being used in banking to fortify perimeter and 'zero trust' defenses against emerging cyber threats.

Higher Rates – Faster for Longer

South State Correspondent

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.

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Chase Cancels Kanye West, But Should Banks Engage in Culture Wars?

The Financial Brand

This article Chase Cancels Kanye West, But Should Banks Engage in Culture Wars? appeared first on The Financial Brand. Controversial customers could present a reputational risk for banks. But should they close accounts and take sides in the culture wars? This article Chase Cancels Kanye West, But Should Banks Engage in Culture Wars? appeared first on The Financial Brand. Banking Trends & Strategies Featured Content Chase

Why retail banking presents rare opportunities right now

Accenture

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.

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What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. Don’t put your loans at risk. Check out the Infographic.

What's the current state of digital cards?

ATM Marketplace

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

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10 Big and Small Ideas From Gartner and Money 20/20 – Recap

South State Correspondent

Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments.

Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." WATCH.

Stablecoin News for the week ending Wednesday 26th October.

Daily Fintech

Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins and Crypto are stable whilst everything else is volatile! This week, I noticed an interesting thing while researching how successful Binance’s conversion of their customers from USDC to BUSD has been.

Papaya builds cross-border payroll services

Payments Dive

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

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

We Need Your Help! Please Give Us 6 Minutes to Complete This Survey

South State Correspondent

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.

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Cashless payments fail to impress at Louder than Life rock festival

ATM Marketplace

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

The UK LDI Gilts blow up rhymes with GFC 2008 and AFC 1998

Daily Fintech

Mark Twain once said that “History never repeats itself, but it does often rhyme.” This is certainly true of financial cycles. What all have in common is an attempt to use derivatives and leverage to make something risky appear safe.

Mastercard profit rises on consumer spending

Payments Dive

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

The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

New California laws place limits on GAP insurance

CFPB Monitor

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.

How to Streamline Your Collections Process in 60 Days or Less

SWBC's LenderHub

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. Collections

Alt lending week ending 28th October 2022

Daily Fintech

Even the Masters of the Universe can’t break into UK Retail Banking This is all about Goldman Sach’s somewhat forlorn attempt to break into the UK’s retail banking market with its Marcus initiative.

Shoppers turn to installment payments for holidays: report

Payments Dive

Shoppers aim to stretch their budgets by trying installment payment plans and seeking discounts from retailers, according to a new report

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The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

CFPB responds to Fifth Circuit ruling that its funding mechanism is unconstitutional

CFPB Monitor

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.” .

Digital transformation too risky during a recession? Not so fast

BankInovation

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.

Final XBRL News from Pakistan, Ireland and the UK

Daily Fintech

After more than two years and 130 posts, we are concluding our regular programming on this channel with the following three items, all hailing from XBRL International. Thank you Bernard for providing this platform!

Ukraine raises fraud concerns, Stripe exec says

Payments Dive

The war in Ukraine raised the stakes for payment fraud detection, as bad actors devise more complex ways of evading oversight

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How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Eighth Circuit halts Biden Administration’s federal student loan forgiveness program

CFPB Monitor

On the evening of Friday, October 21, 2022, the U.S.

Wells Fargo, Google Cloud to launch AI assistant

BankInovation

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

You Shouldn't Even Know Your Password

Strategically Speaking

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). Banking

Fiserv sheds Korea unit, plans move to Milwaukee

Payments Dive

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

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.