Perficient

DECEMBER 18, 2023

In the fast-paced realm of finance, the significance of regulatory risk and compliance management practices cannot be overstated. This blog post delves into the pivotal role these practices play in ensuring the stability and success of financial institutions and banks. By adopting a proactive stance and leveraging technological advancements, financial entities can navigate the regulatory landscape with greater resilience and efficacy.

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Regulation Compliance Exercises Guidelines 473

Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. You might also like this webinar on credit department housekeeping. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

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Risk Management Management Lending Capital 221

Payments Dive

DECEMBER 18, 2023

In denying a petition submitted by Coinbase, the agency has concluded rulemaking isn’t needed for issuers and intermediaries to know which – and how – crypto assets fit within securities law.

Regulation 195

Regulation Security 195

CFPB Monitor

DECEMBER 18, 2023

Recently, 93 members of Congress (all Democrats) signed a letter in support of the pending Petition for Rulemaking filed by consumer advocacy groups in September that would prohibit pre-dispute consumer arbitration clauses and permit only post-dispute clauses. The letter argues that the proposed rulemaking is “much-needed” to protect consumers from “forced arbitration clauses in the fine print, take-it-or-leave-it terms accompanying many financial products and services.”.

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Groups 78

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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BankBazaar

DECEMBER 18, 2023

The joy of spending and saving simultaneously is assured with a Cashback Credit Card. But is that all? Learn more about the most popular Credit Card category in India right here! Did you know that there is an indisputable MVP when it comes to the top-selling Credit Card type in India? As per a recent survey, an impressive 65% of Credit Card users in India prefer the simplicity of cashbacks over air miles or loyalty points.

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Cards Guidelines Strategy Online 78

American Banker

DECEMBER 18, 2023

Left-leaning shareholder groups are asking JPMorgan Chase, Goldman Sachs and other large asset managers to explain a recent decline in their support for certain environmental and social policies at public companies.

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Groups Management Policies Company 93

BankInovation

DECEMBER 18, 2023

Efficiency and cost-savings are two reasons financial institutions are tapping into their cloud providers’ AI capabilities rather than building the technology in-house. The cloud is serving as a gateway to financial institution clients to “reap the benefits of AI,” William Borden, corporate vice president of worldwide financial services at Microsoft, told Bank Automation News.

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Technology Google 69

American Banker

DECEMBER 18, 2023

The lawsuit accuses Navy Federal of violating the Fair Housing Act and the Equal Credit Opportunity Act after a CNN report that the lender approved a lower percentage of Black and Latino mortgage applicants.

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Lending Report 91

BankInovation

DECEMBER 18, 2023

Financial institutions including asset management firm Lazard and technology provider Fiserv are looking to business automation platform UiPath for automation, AI and added.

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Capital Management Technology Marketing 67

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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American Banker

DECEMBER 18, 2023

Rep. Andy Barr, R-Ky., is urging the Government Accountability Office to examine the Consumer Financial Protection Bureau's credit card late fee proposal.

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Cards Policies Payments 92

BankInovation

DECEMBER 18, 2023

Efficiency and cost-savings are two reasons financial institutions are tapping into their cloud providers’ AI capabilities rather than building the technology in-house. The cloud is serving as a gateway to financial institution clients to “reap the benefits of AI,” William Borden, corporate vice president of worldwide financial services at Microsoft, told Bank Automation News.

Technology 52

Technology Google 52

American Banker

DECEMBER 18, 2023

The Consumer Financial Protection Bureau is appealing a lower court ruling that found the agency exceeded its authority in bringing an anti-discrimination enforcement action against a Chicago mortgage lender after he made disparaging remarks about Blacks and Hispanics.

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Chicago Policies Compliance Regulation 83

The Paypers

DECEMBER 18, 2023

CaixaBank has partnered with ONCE to launch a new tool that enables visually impaired users to pay with optimised security at establishments with touch POS terminals.

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Tools Security 41

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

American Banker

DECEMBER 18, 2023

Sen. Elizabeth Warren, D-Mass., and other Senate Democrats urged the Office of the Comptroller of the Currency to rescind regulations or guidance that contradicts the way Dodd-Frank says the OCC should deal with state consumer protection rules.

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Regulation Policies Compliance 78

The Paypers

DECEMBER 18, 2023

Australia-based Waave and Quest Payment Systems have partnered with Chemist Warehouse to launch an Open Banking checkout option across the latter’s stores.

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System Payments 41

American Banker

DECEMBER 18, 2023

The $225 billion-asset Citizens Financial Group has partnered with the fintech Pinwheel to streamline the process for new account holders to switch the direct deposit of their paychecks from their old banks.

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Fintech Groups 74

The Paypers

DECEMBER 18, 2023

Tamara has announced the raise of USD 340 million in a Series C funding round to launch new products and target opportunities in Saudi Arabia and across the GCC.

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Security 41

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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

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American Banker

DECEMBER 18, 2023

Remote work trends and high interest rates have substantially reduced the values of U.S. office buildings. A new academic paper estimates the extent of the deterioration, suggesting that there is perhaps more stress ahead for banks than is widely anticipated.

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Study Trends Risk Management Management 73

The Paypers

DECEMBER 18, 2023

Visa has announced its agreement to acquire a majority interest in Prosa in order to accelerate the adoption of secure digital payments in the region of Mexico.

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Regional Security Payments 41

American Banker

DECEMBER 18, 2023

Alex Holmes talks about money transfers, the tough economy, and the role of crypto wallets in the firm's future.

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Payments Fintech 65

The Paypers

DECEMBER 18, 2023

Allfunds Tech Solutions has extended its partnership with Ardan International in order to launch an optimised investment platform for its customers.

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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

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The Financial Brand

DECEMBER 18, 2023

This article The Future of Retail Banking: A Look Into the Crystal Ball appeared first on The Financial Brand. Trends emerge for banks to reinvent customer lifetime value, personalization, digital platform thinking and reimagined experiences. This article The Future of Retail Banking: A Look Into the Crystal Ball appeared first on The Financial Brand.

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Retail Trends Branding Banking Trends 42

The Paypers

DECEMBER 18, 2023

The US Securities and Exchange Commission (SEC) has rejected a petition by crypto exchange Coinbase seeking new rules for the digital asset sector.

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US Security 41

American Banker

DECEMBER 18, 2023

The head of U.S. business banking at the bank discussed what small businesses need with American Banker Editor-in-Chief Chana Schoenberger in the Leaders Forum.

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The Paypers

DECEMBER 18, 2023

UK-based embedded finance provider Lerex has integrated Google Pay so that SWAPX cardholders can add their cards to the Google Pay digital wallet.

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Google Cards 41

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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.

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