US check use for payments exceeds other countries: Fed
Payments Dive
AUGUST 22, 2023
Although there has been a drop in U.S. check use for transactions, other nations have seen sharper declines, a Federal Reserve study showed.
Payments Dive
AUGUST 22, 2023
Although there has been a drop in U.S. check use for transactions, other nations have seen sharper declines, a Federal Reserve study showed.
South State Correspondent
AUGUST 22, 2023
If one product is the future of banking, it is treasury management. With a competitive offering, it will be easier to attract the small business and mid-sized companies that a bank needs to fuel its core growth. In this article, we detail the five steps to building a treasury management strategy, provide some tools to execute those steps, and then provide a complimentary survey to assess your strengths and weaknesses.
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Payments Dive
AUGUST 22, 2023
The processing giants are battling for market share in the U.S., cutting prices in their fight to win over merchants.
Realwired Appraisal Management Blog
AUGUST 22, 2023
The appraisal department is a pivotal player that can bridge the gap between sound collateral protection and lenders making more loans safely. What if there was a way to harmonize these two seemingly divergent objectives? Let’s find a way. Now, imagine if our appraisal department could wear both hats effectively.
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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.
Payments Dive
AUGUST 22, 2023
How one supermarket chain aims to thwart consumer shoplifting at self-checkout kiosks, with help from smart cameras.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
AUGUST 22, 2023
The CFPB has published a notice in the Federal Register seeking comment on its request for approval by the Office of Management and Budget of a new one-time survey of student loan borrowers. Comments must be received by September 18, 2023. The survey is intended to allow the CFPB “to understand [student borrowers’] borrowing decisions, their experience managing their loans, and their expectations for the future.” .
American Banker
AUGUST 22, 2023
The Alabama-based regional bank didn't effectively track whether some loans complied with flood insurance regulations, according to the Fed. Regions said that it had fixed the issue by 2017.
CFPB Monitor
AUGUST 22, 2023
Townstone Mortgage (Townstone) has filed its brief in the CFPB’s appeal to the U.S. Court of Appeals for the Seventh Circuit from the district court’s decision in the CFPB’s enforcement action against Townstone. In the decision, the district court ruled that a redlining claim may not be brought under the Equal Credit Opportunity Act (ECOA) because the statute only applies to applicants.
American Banker
AUGUST 22, 2023
Credit unions held more than 66% of all assets in the community development financial institution ecosystem, according to research from the Federal Reserve Bank of New York.
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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.
BankInovation
AUGUST 22, 2023
Barclays UK has announced the appointment of Lee Counselman as a managing director for technology investment banking. Counselman will focus on strategic M&A and equity work within the software banking team and report to Kristin Roth DeClark, head of technology investment banking, according to an Aug. 14 news release.
American Banker
AUGUST 22, 2023
A series of deals over the summer suggests growing interest by private equity investors in acquiring community banks. Five such deals have been announced this summer alone.
BankInovation
AUGUST 22, 2023
Barclays UK has announced the appointment of Lee Counselman as a managing director for technology investment banking. Counselman will focus on strategic M&A and equity work within the software banking team and report to Kristin Roth DeClark, head of technology investment banking, according to an Aug. 14 news release.
American Banker
AUGUST 22, 2023
The plan calls for the formation of Orca Bank in Bellingham, Washington. It would become a subsidiary of Savi, whose CEO would assume the same role at the bank.
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.
BankInovation
AUGUST 22, 2023
Small businesses are embedding payments options beyond credit card transactions into their platforms as consumers desire pay-over-time capabilities.
The Paypers
AUGUST 22, 2023
Brazil-based fintech Nomad has raised USD 61 million in an investment round held by Tiger Global Management.
American Banker
AUGUST 22, 2023
Banks are holding their fintech partners to a higher compliance standard as regulatory scrutiny of banking-as-a-service increases.
The Paypers
AUGUST 22, 2023
B2B payments and invoicing network TreviPay has launched a capability to support cross-currency sales between businesses, enabling merchants to process B2B transactions in foreign currency.
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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
American Banker
AUGUST 22, 2023
It's hard to see FedNow as a revolutionary solution because it's not actually much newer, faster or cheaper in many cases than existing payment services.
The Paypers
AUGUST 22, 2023
EchoPay , an A2A payments provider, has partnered with Token.io , an Open Banking payment infrastructure, aiming to bring A2A payments to wholesale merchants across the UK.
American Banker
AUGUST 22, 2023
Consumer loan balances fell in July for the first time since 2020 as banks have tightened lending standards in response to rising rates and jettisoned assets to bolster liquidity and capital levels.
The Paypers
AUGUST 22, 2023
India-based payments and API banking solution company Cashfree Payments has announced the launch of Vendor Payments to help businesses simplify the purchase-to-pay cycle.
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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
American Banker
AUGUST 22, 2023
The American Bankers Association and Bank Policy Institute Tuesday urged bank regulators to delay the finalization of its Community Reinvestment Act rule, saying regulators have not calibrated the rule to account for upcoming capital changes or considered whether courts will find the Consumer Financial Protection Bureau's funding structure constitutional.
The Paypers
AUGUST 22, 2023
Brazil-based B2B fintech Dock has announced its partnership with fraud and money laundering prevention company Feedzai to offer its clients new security solutions.
American Banker
AUGUST 22, 2023
The lack of affordable housing is becoming an increasingly acute political and economic problem. But a few small tweaks to a Federal Housing Administration loan program could unlock prospective homeowners' potential to solve that problem for themselves.
The Paypers
AUGUST 22, 2023
France-based Thales has announced the launch of its new payShield Cloud HSM service, aimed to improve the acceleration of cloud payments infrastructure adoption.
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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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