TheGuardian
DECEMBER 6, 2022
Exclusive: Chancellor to meet heads of UK’s major lenders and consumer champion Martin Lewis on Wednesday UK politics live – latest news updates The chancellor will urge the UK’s largest banks to do all they can to support those struggling to pay their mortgage during the cost-of-living crisis when he holds his first talks with chief executives on Wednesday.
Accenture
DECEMBER 4, 2022
Adam and I were talking the other day about all the changes we’ve seen in the auto and equipment finance industry over the last two years. So many areas of the business have been affected by simply replacing in-person meetings with digital interactions. It’s also been a time of massive uncertainty, with climbing inflation and…. The post Tired of seeing red?
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ATM Marketplace
DECEMBER 6, 2022
ATM crimes are on the rise, especially hook and chain attacks. Some banks are putting up stickers warning criminals that ATMs have hook and chain blockers. But how effective are these stickers and what actually can prevent these attacks?
BankInovation
DECEMBER 5, 2022
Sunrise Banks Chief Information Officer Brett Cooksey is focused on digitization, strategic fintech partnerships and automation for improved customer experience. The $1.96 billion bank counts more than a dozen fintech partners, including credit builder solution Self and document automation platform Anvil. The bank has “several more partnerships in mind,” Cooksey said.
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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
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
DECEMBER 9, 2022
New Salesforce Mobile Application Configure and Customization in Salesforce Org. According to reports 120 billion hours are spent with mobile business apps annually. According to Salesforce Every month, almost 2 million users run their business from their phone using the Salesforce mobile app. Salesforce planning to retire the Salesforce mobile web experience with the Summer 2020 release.
South State Correspondent
DECEMBER 6, 2022
At a cursory observation, one would conclude that the effects of inflation on a real estate project are neutral. If owners can pass increased costs to tenants, they can keep inflation from decreasing NOI or cash-on-cash return. However, closer analysis and lessons from history demonstrate that to counteract inflation’s free cash flow-destroying effects, revenue must grow substantially higher than the inflation rate.
CFPB Monitor
DECEMBER 9, 2022
In a notice of “ Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z) ,” the CFPB announced that it is seeking comments on its preliminary determinations that the Truth in Lending Act (TILA) does not.
Payments Dive
DECEMBER 6, 2022
Payments industry professionals, including at the software security firm Fireblocks, worry that the crypto exchange’s downfall could trigger a regulatory backlash against digital assets.
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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
TheGuardian
DECEMBER 9, 2022
Chancellor says plans will ensure City ‘benefits from dynamic, proportionate regulation’ Business live updates: Jeremy Hunt loosens City rules The chancellor has announced plans to reform and repeal a number of City regulations, including rules originally meant to protect the UK from another financial crisis, in order to “unlock” investment and “turbocharge” growth across the UK.
FICO
DECEMBER 7, 2022
Home. Blog. FICO. In-depth look at the distribution of average U.S. FICO® Scores in 2022. The national average FICO Score did not go up for the first time in over a decade, a trend that’s seen at the city and state level across the nation. KristinaRobinson@fico.com. Tue, 08/30/2022 - 13:08. by Tom Quinn. expand_less Back To Top. Wed, 12/07/2022 - 13:00.
CFPB Monitor
DECEMBER 9, 2022
In recent remarks at the CRA & Fair Lending Colloquium, Grovetta Gardineer, Senior Deputy Comptroller for Bank Supervision Policy at the Office of the Comptroller of the Currency, discussed the OCC’s current fair lending initiatives. Her remarks were intended to.
Payments Dive
DECEMBER 6, 2022
The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.
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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.
TheGuardian
DECEMBER 9, 2022
Chancellor Jeremy Hunt is unveiling a 30-point package of City policy changes on Friday that rows back on regulations to boost competition and growth. Jeremy Hunt sets out sweeping reforms to financial sector The UK is to reform the regulations on the short selling of shares listed on UK market – the practice of borrowing shares to sell them, with the goal of buying them back cheaper in future.
ATM Marketplace
DECEMBER 9, 2022
Although banks are beginning to adopt facial recognition at ATMs, the technology still has to overcome customer's distrust.
BankInovation
DECEMBER 8, 2022
Wells Fargo launched its new AI-powered digital banking platform Vantage on Monday to create a more customized banking experience for its commercial, corporate and investment clients. Vantage allows for personalization using AI and machine learnings (ML) and is able to connect back to legacy data, Reetika Grewal, executive vice president and head of digital transformation, […].
Payments Dive
DECEMBER 7, 2022
The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.
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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.
TheGuardian
DECEMBER 3, 2022
Britain’s register of companies was reformed in 2011 to allow incorporations within 24 hours for £12. Now the number of firms on its books has soared – and so have the complaints It was in June, when she went to get a credit check for a mortgage, that the 20-year-old employee at Japanese beauty brand Shiseido realised something had gone badly wrong.
CFPB Monitor
DECEMBER 9, 2022
Last week, Ballard Spahr launched an innovative online application to help cryptocurrency and blockchain industry participants keep pace with quickly evolving laws, regulations, policies, and government enforcement priorities in the space. The Cryptocurrency and Blockchain Legislative Tracker is an interactive.
SWBC's LenderHub
DECEMBER 8, 2022
In my previous quarterly projections , I called for a recession to possibly begin as soon as the fourth quarter of this year (current quarter) and is more likely to occur in the first and second quarters of 2023. Based on the recent and continued strength of the labor markets and still healthy (but deteriorating) consumer balance sheets, the likely timing of the recession is now the second and third quarters of 2023.
Payments Dive
DECEMBER 8, 2022
PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.
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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.
Banking Exchange
DECEMBER 5, 2022
Its exit from Canadian banking is the latest step in a wide-ranging rationalization across the company Retail Banking Branch Technology/ATMs Bank Performance Feature3 M&A Feature Management.
CFPB Monitor
DECEMBER 8, 2022
In a recent blog post , the CFPB addressed its approach to the court ruling that overturned the part of a CFPB April 2020 Home Mortgage Disclosure Act (HMDA) rule that increased the threshold to report closed-end mortgage loans from 25 covered loans originated in each of the prior two years to 100 covered loans originated in each of the prior two years.
BankUnderground
DECEMBER 8, 2022
Gábor Pintér. Are larger trades more or less expensive to execute in bond markets than smaller trades? This is an old and unsettled question in the literature on financial markets. The aim of this blog post is to provide novel answers to this question, based on our recent research using transaction-level data from the UK government and corporate bond markets, over the period 2011–17. [1].
Payments Dive
DECEMBER 7, 2022
The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.
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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.
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