Fintech Labs Insights

JANUARY 18, 2023

Below is our curated list of the best global banking tech events and conferences in 2023. These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms. For the most part, financial technology event planners are organizing in-person gatherings, often with a virtual option.

Las Vegas 12

Las Vegas San Diego Nashville Charlotte 12

ATM Marketplace

JANUARY 17, 2023

Going into 2023, ATMs are at a crossroads both in terms of overall banking strategy and payments trends.

ATM 142

ATM Trends Strategy Payments 142

Abrigo

JANUARY 17, 2023

Automating SMB and commercial lending elevates your customer's experience From making it easier to apply to speeding up loan closings, automation can helps make business lending customers and staff happier. You might also like this on-demand webinar, "Strategies to grow your commercial loan portfolio." WATCH . Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure porta

Lending 195

Lending System Customer Experience Case Study 195

ABA Community Banking

JANUARY 16, 2023

"We're a small bank, and it gets more expensive all the time to run a small community bank," says Andy Anderson, president and CEO of Bank of Anguilla in Anguilla, Mississippi. "As long as we can do this profitably and remain in our community, that's what we want to do.". The post Podcast: How CDFI status helps one community bank stay independent appeared first on ABA Banking Journal.

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Community Bank Community Mississippi 52

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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

Lending

Payments Dive

JANUARY 18, 2023

From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.

Washington 477

Washington Payments Fraud Regulation 477

South State Correspondent

JANUARY 18, 2023

Prepayment penalties on loans always drive value. However, in 2023, loan prepayment provisions will be essential tools for commercial banks. Loan prepayment provisions lower prepayment speeds (especially in a stable or declining interest rate environment) and drive higher return on assets (ROA) for banks. In this article, while we have discussed how to sell prepayment penalties in the past, we now look at their current importance.

Community Bank 195

Community Bank Examples Community How To 195

CFPB Monitor

JANUARY 19, 2023

The eyes of the consumer finance world are now on the Supreme Court as it decides whether to grant the CFPB’s certiorari petition in Consumer Financial Services Association Ltd. v. CFPB. In the decision, a Fifth Circuit panel held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.

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Payments Dive

JANUARY 18, 2023

A growing number of companies are bringing buy now, pay later to the rental market as inflation drives up housing costs and renters struggle to pay on time.

Payments 244

Payments Marketing Company 244

Banking Exchange

JANUARY 16, 2023

Chief risk officers say they are seeing cybersecurity risks everywhere, new survey shows Risk Management Feature3 Feature Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Security

Risk Management 139

Risk Management Compliance Survey Security 139

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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

Report

South State Correspondent

JANUARY 18, 2023

Retail Sales & PPI Reveal Softening Activity. Treasury prices are rallying some in early trading as overnight news from Japan is aiding the bid. The Bank of Japan decided not to widen the band on its Yield Curve Control policy for their 10yr bond from the current -50bps +50bps range. By not widening the range, and implicitly denying higher yields, foreign markets are reacting to the dovish action by rallying their local bonds as is the case here, but we do have some domestic news items that

Retail 195

Retail Atlanta Trends Report 195

CFPB Monitor

JANUARY 17, 2023

The U.S. Department of Housing and Urban Development (HUD) recently issued a draft Mortgagee Letter on reconsideration of value (ROV) policies in connection with appraisals for FHA insured mortgage loans. The draft Mortgagee Letter follows up on action plan items.

Policies 148

Policies Lending 148

Payments Dive

JANUARY 17, 2023

The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.

Cards 244

Cards Data 244

Banking Exchange

JANUARY 16, 2023

Merchants & Marine Bank and City National Bank have launched separate initiatives to support small businesses and local communities Community Banking Feature3 Feature Small Business Customers People Consumer Compliance

Community Bank 136

Community Bank Community Compliance National 136

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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.

US

TheGuardian

JANUARY 19, 2023

Data shows UK banks losing well-paid staff, as Italy, France and Spain make up 70% of rise in EU top earners A record 1,957 bankers across Europe earned more than €1m (£878,000) last year, according to data that shows the scale at which some of the best-paid jobs in Britain have moved from London to the EU since Brexit. The European Banking Authority disclosed on Thursday that the number of bankers earning €1m or more a year had increased by more than 40%, from 1,383 in 2020 to 1,957 in 2021.

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Data 111

CFPB Monitor

JANUARY 18, 2023

On September 9, 2022, the California Department of Financial Protection and Innovation (DFPI) proposed to amend its student loan servicing regulations, which we previously covered here. After reviewing public comments, on January 6, 2023, the DFPI released a Notice.

California 147

California Regulation Innovation 147

Payments Dive

JANUARY 19, 2023

Webster Bank alum Bea Ordonez will take the payments company’s finance reins in March after current CFO Michael Levine steps away from the role.

Payments 222

Payments Company 222

ATM Marketplace

JANUARY 20, 2023

While initially seen as rivals, banks now view fintechs as partners to build innovative financial tools customers want, while still retaining the trust of a traditional financial institution.

Fintech 102

Fintech Tools Innovation 102

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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.

Lending

TheGuardian

JANUARY 15, 2023

Exclusive: Company denies creation of team to track overhaul is part of effort to secure UK banking licence Britain’s most valuable fintech company, Revolut, is assembling a team to track whether staff are being “approachable” and “respectful”, as it tries to address criticism about an aggressive corporate culture and secure a UK banking licence. While the crypto trading to payments company is valued at $33bn (£27bn) and boasts 25 million customers and 6,000 staff in offices stretching from Lond

Fintech 98

Fintech Regulation Security Company 98

Banking Exchange

JANUARY 18, 2023

Research suggests a handful of banks are helping payday lenders avoid state regulations to offer high-interest consumer loans Compliance Duties Feature Feature3 Community Banking

Community Bank 78

Community Bank Compliance Community Regulation 78

Payments Dive

JANUARY 18, 2023

With the 10% workforce reduction, the Canadian merchant payment services company is reorganizing in a bid for profitability.

Payments 244

Payments Company 244

CFPB Monitor

JANUARY 19, 2023

A Texas federal court has dismissed a class action lawsuit against Opportunity Financial, LLC (“OppFi”) alleging OppFi violated Texas usury law by charging interest on loans it made through a partnership with a state-chartered bank at rates above the maximum rate permitted by Texas law. The plaintiff alleges that the partnership was a “rent-a-bank” scheme to evade state law and that OppFi, rather than its bank partner, was the “true lender” on the loans.

Texas 78

Texas Company Fintech 78

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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.

Lending

TheGuardian

JANUARY 15, 2023

Rory Kinnear is brilliant in this warming comedy about a Burnley businessman who took on London’s elite and won Here is the latest film to roll off the production line of cheerful warming British underdog comedies. As originally showcased in a 2012 Channel 4 series, it is the true story of how self-made Burnley businessman Dave Fishwick took on London’s elite banking institutions to get a licence to open his own bank serving the local community.

Lending 98

Lending Community Regulation Operations 98

Banking Exchange

JANUARY 20, 2023

Automation supercharges any process and brings its value to the forefront Technology Financial Trends Lines of Business Feature Human Resources Feature3 Management Digital

Resources 78

Resources Trends Management Technology 78

Payments Dive

JANUARY 19, 2023

Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.

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CFPB Monitor

JANUARY 19, 2023

In Circular 26-23-03 the U.S. Department of Veterans Affairs (VA) announced the elimination of the HUD/VA Addendum to Uniform Residential Loan Application (VA Form 26-1802a), as well as the Federal Collection Policy Notice (VA Form 26-0503). The VA advises in the Circular that it has consolidated those forms into VA Form 26-1820 , which is used by lenders to report a loan to VA for guaranty upon closing.

Policies 78

Policies Report 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