Accenture
DECEMBER 20, 2023
With 2023 in the rearview mirror, we can look back on the year with 20/20 clarity. This year saw banks confronting multiple risks, some foreseeable and others less so. If the year has taught us anything, it’s that banks can do more to guard against the risk they can predict, and risk they may not… The post Five steps to banking cyber resilience appeared first on Accenture Banking Blog.
Payments Dive
DECEMBER 20, 2023
This primer fills in the gaps on how digital wallets work, what companies compete to provide such payment tools and what to expect from them in the future.
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CFPB Monitor
DECEMBER 20, 2023
Colorado and New York are not waiting for the Fair Credit Reporting Act rulemaking to eliminate creditor use of medical debt announced by the CFPB in September 2023. As we previously blogged , in the past two years, Equifax, Experian, and TransUnion have made significant changes with respect to medical debt collections by removing unpaid medical collections under $500 from consumer credit reports, removing paid medical collections from credit reports, and extending the time period before unpaid
Payments Dive
DECEMBER 20, 2023
The Minneapolis-based lender flagged a CFPB probe into prepaid card use last year. The OCC added a separate penalty Tuesday.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
CFPB Monitor
DECEMBER 20, 2023
On December 12, 2024, the Federal Trade Commission (“FTC”) announced its Combating Auto Retail Scams Rule , otherwise known as the “CARS Rule,” setting new requirements on the sale, financing, and leasing of vehicles by motor vehicle dealers. The final rule, which is effective on July 30, 2024, prohibits certain misrepresentations in the financing process, sets disclosure requirements on dealers’ advertising and sales communications, mandates that dealers obtain consumers’ express, informed cons
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankUnderground
DECEMBER 20, 2023
Daniel Albuquerque and Jamie Lenney Rent prices have risen by 9% on average in England since the Bank of England’s Monetary Policy Committee (MPC) started raising interest rates in December 2021. Alongside this rise in prices has been a widening in the gap between reported supply and demand in the rental sector, with tenant demand continuing to rise in 2023 amidst falling supply ( RICS survey ).
Payments Dive
DECEMBER 20, 2023
Teaming with emerging fintechs is “a way of staying very, very relevant,” said Jim Schinella, Visa’s global head of digital partnerships.
TheGuardian
DECEMBER 20, 2023
Four branches of the bank in New Mexico, Alaska, California and Florida have filed for union elections since November Workers at Wells Fargo, the fourth largest bank in the US, have ramped up their union organizing campaign in recent weeks in a move that marks the largest union drive at a US bank in decades. Four Wells Fargo branches have filed for union elections since November in Albuquerque, New Mexico, Bethel, Alaska, Atwater, California, and Daytona Beach, Florida.
CFPB Monitor
DECEMBER 20, 2023
On December 13, 2023, New York Governor Hochul signed two laws, which aim to protect consumers from (1) unwanted subscriptions by requiring notice to consumers for upcoming automatic renewals with clear instructions for canceling, and (2) confusion over prices by requiring merchants to post the highest price a consumer may pay for a product regardless of payment method.
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
BankInovation
DECEMBER 20, 2023
BECU has rolled out same-day payments for its dealer partners as the credit union looks to increase funding speed as dealer cash flow remains squeezed amid elevated interest rates. The Tukwila, Wash.
CFPB Monitor
DECEMBER 20, 2023
The CFPB recently released results of a study of residential mortgage refinance loans from the first quarter of 2013 to the first quarter of 2023, focusing on differences between cash-out and non-cash-out (or rate and term) refinance loans. The CFPB used data from the National Mortgage Database to conduct the study.
BankInovation
DECEMBER 20, 2023
Financial institutions are looking to The Clearing House’s real-time payments network to grow deposits and offer instant gratification in their payments offerings. “It’s definitely been an interesting and accelerating year for the growth of the real-time payments (RTP) network,” Elena Whisler, chief client officer at The Clearing House, told Bank Automation News.
Cisco
DECEMBER 20, 2023
This was my first time attending the Singapore FinTech Festival and I thoroughly enjoyed my time at the conference, chatting with colleagues, listening to sessions, and visiting booths.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
BankInovation
DECEMBER 20, 2023
Santander Bank has successfully moved its corporate investment banking business to the cloud as part of its effort to migrate all of its operations. The $1.
American Banker
DECEMBER 20, 2023
States need to think twice about allowing earned wage advance programs. They look increasingly like predatory lending.
The Paypers
DECEMBER 20, 2023
Quadient has announced its partnership with Xero in order to fully automate and streamline accounting processes for SME clients in North America and the UK.
American Banker
DECEMBER 20, 2023
Meritrust Credit Union in Wichita is giving $400 to each of its 370 employees to start or grow a rainy day fund.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
The Paypers
DECEMBER 20, 2023
Visa and digital identity company TECH5 have formed a strategic partnership agreement focusing on developing digital government systems globally.
Bussman Advisory
DECEMBER 20, 2023
2023 was an exciting and successful year for Bussmann Advisory ! As this will be the last edition of our newsletter in 2023, we wish our over 52’000 subscribers and customers a happy holiday season and all the very best for 2024! We will be back with our first 2023 edition on January 14. This week’s must-know stories in the FinTech, AI and Digital Asset space: Microsoft and OpenAI’s Copilot: Corporate spending surge begins after hype year Anthropic, OpenAI competitor, nears $750M fun
The Paypers
DECEMBER 20, 2023
Saudi-based fintech savings platform Hakbah has announced its USD 5.1 million Series A funding to accelerate growth and product development.
American Banker
DECEMBER 20, 2023
Many banks, especially smaller ones, will have to rethink how they lend to small businesses and automate manual processes.
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
The Paypers
DECEMBER 20, 2023
Okta has announced an agreement to acquire Spera Security to broaden its identity threat detection and security posture management capabilities.
American Banker
DECEMBER 20, 2023
The Justice Department and the Consumer Financial Protection Bureau are suing a real estate developer over an alleged bait-and-switch land-sale scheme near Houston. The developer used TikTok and other social media sites to lure Hispanic immigrants into predatory loans, the government alleges.
The Paypers
DECEMBER 20, 2023
Mastercard has announced the launch of contactless payment solutions in Nigeria, aiming to drive digital payment transformation in the region.
American Banker
DECEMBER 20, 2023
The vote by workers in a New Mexico branch is the first union victory at a megabank in decades, though unionization efforts at another Wells branch took a step back.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
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