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Key Innovations Boosting Corporate Banking Revenues

PYMNTS

The biggest opportunities exist in transaction banking and commercial lending, Finastra said, but there is also a real opportunity in working with FinTechs (and the tech they offer) to help banks land a larger slice of the combined $915 billion in revenues FIs are expected to see at the end of the decade.

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Regulatory and litigation risks to consumer financial services providers highlighted in Ballard Spahr webinar on COVID-19 crisis fallout

CFPB Monitor

Examples given of operational areas that could be impacted by employees working remotely and create compliance and reputational risks included call centers and customer service, collections, dispute investigation, loss mitigation, fraud investigation/ID monitoring, and compliance monitoring.

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FICO Fact: Can unconstrained AI/ML expand access to credit?

FICO

FICO leverages machine learning (ML) in solutions ranging from fraud detection to marketing. This FICO® Score model development approach guarantees that explainability and palatability remain paramount in lending decisions. Tue, 07/02/2019 - 02:45. by Can Arkali. expand_less Back To Top. Mon, 07/18/2022 - 18:40. Can Arkali.

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Can FinTech Walk The FinTalk?

PYMNTS

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain.

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Expected changes at CFPB under new leadership highlighted in Ballard Spahr webinar

CFPB Monitor

Cordray referenced an April 2020 white paper he co-authored that outlined immediate actions the CFPB could take to address the pandemic.) Chopra “his own person” and expects him to take the CFPB in new directions. He expects Mr. Chopra to vigorously pursue ways for the CFPB to support consumers financially injured by the pandemic.

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Director Chopra goes on the record with media

CFPB Monitor

Director Chopra also linked the CFPB’s concerns with big tech to its concerns about technologies that allow for real-time consumer payments and the increased potential for fraud. Payday lending. He identified “preparing for real-time payments” as the CFPB’s “primary focus” in the payments arena. He did not mention rulemaking.

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Sizzle Or Fizzle: Payday Loans, Wells Fargo, Chip Cards – And Cybersecurity

PYMNTS

On the heels of Lending Club’s fall from grace this week – the day after to be precise – Wells Fargo announced that it would come to the rescue of SMBs by offering fast decisions on small business loans. Alt Lending. Lending Club lost 80 percent of its market cap in just 2.5 Payday Lending. Wells Fargo.

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