Fri.Apr 11, 2025

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Modern loan review scope: Is your institution utilizing the best tools available?

Abrigo

This article covers these key topics: Hindrances to sound loan review scoping What loan review should be able to do How to stop scoping like it's 1985 Bringing your loan review scope into 2025 Determining the scope of a financial institutions loan review is the foundation of an effective loan review process. No matter how skilled your analysts are, if you arent looking at the right data, you are not adding valueyou may just be restating the obvious.

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DOJ scales back crypto enforcement

Payments Dive

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who victimize crypto investors or use crypto to support illicit activities.

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How vendor relationships affect banking technology success

Abrigo

Why the vendor matters in technology adoption Technology can deliver long-term value when a vendor and its employees bring not only technical expertise but also implementation guidance, regulatory awareness, and a collaborative approach to problem-solving. Key topics covered in this post: Buying software: The benefits of partnership Setting up the financial institution for success Helping software users in an ever-changing environment Advisory & product support builds trust Benefits of a ve

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Block agrees to pay $40M New York penalty

Payments Dive

The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.

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Commercial Lenders, Playing It Safe Is the Real Risk

Why Legacy Lending Workflows Are Costing You More Than You Think Legacy systems and manual workflows might feel familiar, but they come with growing risks—compliance gaps, costly delays, and lost opportunities. This guide breaks down why clinging to traditional processes is no longer sustainable and how automation can help lenders regain control, improve efficiency, and reduce risk across the closing process.

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Financial inclusion: A necessity, not just a trend

ATM Marketplace

Financial inclusion is not just a trend; it is an urgent necessity.

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Responding to new ATM security threats

ATM Marketplace

Security experts share how to prevent new ATM threats, including Man in the Middle attacks.

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Jack Henry Cobalt Awards | Your Innovation. Your Impact. Your Moment.

Jack Henry

Celebrate financial innovation and impact. Submit your entry for the 2025 Cobalt Awards by May 12 to earn industry recognition and a $10K charitable donation.

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dLocal partners with Cloudbeds

The Paypers

dLocal has joined forces with Cloudbeds to simplify payment processes for thousands of hotels and property managers in Thailand.

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Former TD Bank employee pleads guilty to check-fraud scheme

American Banker

A former TD Bank employee pleaded guilty to a felony in connection with a check-fraud scheme; EWA provider DailyPay filed a lawsuit against New York Attorney General Letitia James; First Citizens BancShares ended the shared-loss agreement it made with the FDIC after acquiring Silicon Valley Bank; and more in this week's banking news roundup.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Wise opens a new hub in India and launches a new payment feature

The Paypers

A global tech company, Wise , has opened a new hub in Hyderabad, India, with plans to hire hundreds of roles over the next few years.

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CFPB looks to rescind nonbank registry, ignore compliance

American Banker

The Consumer Financial Protection Bureau said it will not enforce or supervise nonbank financial firms that miss upcoming compliance deadlines for the nonbank registry of repeat offenders.

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iDenfy offers KYC plugin for Shopify ecommerce users

The Paypers

iDenfy launches an identity verification app for Shopify ecommerce users and their KYC compliance needs.

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The 20th-century railroad revolution that 21st-century banking needs

American Banker

Despite dire warnings of catastrophe, the deregulation of surface transportation in the 1970s delivered huge benefits to consumers. The banking industry is ripe for a similar regulatory restructuring.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Google Cloud joins forces with industry participants to advance AI

The Paypers

Google Cloud has announced several collaborations with industry participants, with the company planning to focus on advancing AI across the world.

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Exclusive: Cortez Masto offers bill to reform FHLBs

American Banker

A bill being introduced by Sen. Catherine Cortez Masto, D-Nev., would compel the Federal Home Loan Bank system to contribute 30%, or a minimum of $200 million, of each bank's net earnings into affordable housing or other community development programs.

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Visa announces investment in Mynt and expanded reseller partnership across Europe

The Paypers

Visa has announced that it has entered an expanded reseller partnership with Swedish SaaS fintech Mynt , as well as an investment in the company.

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7 Essential Tips for Land and Construction Loans

Commercial Lending USA

Unlock land & construction loan secrets! 7 essential tips from Commercial Lending USA's 30+ years of expertise. Finance your dream project.

Lending 40
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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PayTic raises USD 4 million to expand across African markets

The Paypers

Morocco-based fintech firm PayTic has secured USD 4 million in a funding round aimed at accelerating its expansion across North and Sub-Saharan Africa.

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Two SoCal credit unions plan to merge into $13B institution

American Banker

The combination of San Diego County Credit Union and California Coast Credit Union would create the 16th largest credit union in the United States.

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Instapay teams up with Mastercard to optimise cross-border payments

The Paypers

Instapay Technologies has joined forces with Mastercard to improve cross-border payments for its customers in Malaysia through Mastercard Move.

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IBM's latest mainframe comes with AI accelerators

American Banker

The new z17 mainframe, unveiled in a launch event this week, also comes with quantum-resistant encryption.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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Block is fined USD 40 million for compliance failures on its Cash App

The Paypers

Block , the owner of Cash App , has to pay USD 40 million in civil fines to New York’s financial services regulator over compliance failures.

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Wells Fargo benefits from improved credit quality

American Banker

Lower credit costs and better expense control helped the San Francisco-based titan offset the impact of lighter-than-expected revenue.

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Solid files for Chapter 11 bankruptcy protection

The Paypers

Banking-as-a-Service (BaaS) platform Solid has filed for Chapter 11 bankruptcy protection, as detailed in court documents registered on 7 April 2025 in the US Bankruptcy Court for the District of Delaware.

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CFPB drops lawsuit against Comerica Bank, without prejudice

American Banker

The Consumer Financial Protection Bureau had accused the Dallas bank of "deliberately disconnecting 24 million customer service calls" among other "unfair" acts. But the motion to dismiss allows the CFPB to refile the case again.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.