Sat.Jun 11, 2022 - Fri.Jun 17, 2022

Why money in the metaverse is a huge opportunity for banks

Accenture

You can divide the history of money into five epochs, with each creating a new paradigm for the exchange of value. We are about to enter the next one—and it might just mean that the idea of money will come full circle. Direct exchange of the goods being traded is the oldest form of value….

4 ways to enable technology resiliency at banks

BankInovation

Rapidly scaling technology can foster innovation at the bank level, but it can also create operational risks — from data breaches and environmental failures to other unexpected events.

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Ready for Web3 crypto security?

Daily Fintech

Everyone is talking and working on Web3. Jack Dorsey is going even further, talking about Web5 powered by Bitcoin. Web3 is the new evolution of the web that’s powered by crypto. On Web2 platforms like Facebook and Twitter, users can only “read and write.”

Card fees: the price hike nobody is talking about

Payments Dive

"The Visa-Mastercard duopoly controls about 80% of the market share, allowing them to raise fees indiscriminately and with no formidable opposition," contends Doug Kantor, general counsel for the National Association of Convenience Stores

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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.

A Tumultuous Week Comes to a Close

South State Correspondent

A Tumultuous Week Comes to a Close. We mentioned on Monday to tighten your seat belt as it could be a wild ride this week and that prediction certainly came true.

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Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages.

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Startup Metropolis snags $167M to scale

Payments Dive

Metropolis Technologies, which uses computer vision and machine learning for parking payments, plans to use the funding to scale, aiming to hire 500 workers by the end of the year

Treasuries Finally Find a Bid

South State Correspondent

Treasuries Finally Find a Bid. On Fed Day, Treasuries are finally finding a bid as news that the ECB convened an emergency meeting added a flight-to-safety bid into the Treasury market.

Bank earnings call highlights: Q1 2022

Accenture

Credit card receivables & purchase volume YoY growth: 1Q22 Click/tap on image to enlarge. 1 Average Receivables in Billions. Note: Citi inclusive of both Branded and Retail Services. AXP is Revolving only. SYF A/R is Retail Card, NCL is total company.

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Market Commentary: Week of June 13, 2022

SWBC's LenderHub

Last Week. Last week marked the market’s final confirmation that corrosive inflation is out of the barn with the Fed hopelessly behind trying to play catch-up.

PayPal strives to improve checkout

Payments Dive

The company aims to improve the checkout experience for both merchants and consumers, with new services being tested this year, CEO Dan Schulman said

Fed Delivers a 75bps Rate Hike

South State Correspondent

Fed Delivers a 75bps Rate Hike. The Fed relented to market pressure and raised the overnight fed funds target rate 75bps to 1.50% – 1.75%.

How AI can empower greater innovation

ATM Marketplace

While the use of artificial intelligence has grown throughout several industries in recent years, there is still a great deal of mystery and the "fear of the unknown" surrounding AI. Panelists at the ICX Summit addressed this topic head on

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

XBRL News about key audit matters, ESAP and CFA benefits

Daily Fintech

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. Apologies for the delayed publication, which was due to a technical glitch. 1 Insights from Japan’s digitally tagged KAMs The Key Audit Matters (KAMs) section of an audit report highlights the most […]. The post XBRL News about key audit matters, ESAP and CFA benefits appeared first on Daily Fintech. Default/Ignore CFA ECB ESAP japan KAM xbrl

Tipalti spearheads digitization in middle market

Payments Dive

B2B fintech Tipalti aims to scoop up some additional businesses as startups struggle with a slowdown in equity funding

Treasury Yields Reach Highest in a Decade

South State Correspondent

Treasury Yields Reach Highest in a Decade. The May CPI Report continues to reverberate around the world, and in its wake are Treasury yields not seen in over a decade.

Banks Need to Close the Personalization Gap

Gonzobanker

Challengers are picking off bank customers with macro-personalization.

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.

Stablecoin News for the week ending Wednesday 15th June.

Daily Fintech

Here is our pick of the 3 most important Stablecoin news stories during the week. The what and how of Regulations! This week as markets continued to crash the discussion increased about what and how the stablecoin and broader Crypto market should be regulated. Everyone seems to be waiting on the U.S.

PayPal expands BNPL payment options

Payments Dive

PayPal is making a bigger move into buy now-pay later financing as competitors in that arena multiply. It will now offer a new monthly payment plan targeted at bigger purchases

ATM servicing: Handling issues while saving money

ATM Marketplace

When an ATM is down, a bank or retailer will have to deal with an upset and likely angry customer. At the same time, repairing ATMs can be an expensive endeavor. How do banks and retailers solve these issues

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Bank of America to upgrade client communication in digital app

BankInovation

Bank of America is looking to upgrade its client communications after auto loans are approved as the bank continues to lean on its digital capabilities and more consumers apply for loans through online channels.

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.

Alt Lending Week ended Ended 17th June 2022

Daily Fintech

UK mortgage lending underwriting has grown old and tired Gerard Lyons who I believe would have made an excellent candidate for governor of the Bank of England rather than the less than impressive Andrew Bailey makes the point that PM Boris Johnson’s comments on the housing market last week were unlikely to be effective. He […].

Payments startups still gaining value, for now

Payments Dive

Payments companies “led the pack in valuation increases” and had the biggest average increase in valuation, according to S&P Global Market Intelligence

CFPB issues order terminating Upstart no-action letter

CFPB Monitor

The CFPB issued an order last week terminating the no-action letter issued to Upstart Network, Inc. on November 30, 2020 for a 36-month term (NAL). The NAL was essentially a renewal of the no-action letter issued to Upstart in September 2017, which was the first no-action letter issued by the CFPB.

Citi, Bank of America lead launch of open-market electronic trading platform

BankInovation

Seven financial services powerhouses, led by Citi and Bank of America, launched an independent company this week to create the first open-market electronic trading platform for syndicated loans and collateralized loan obligations (CLOs).

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.