Abrigo

SEPTEMBER 8, 2023

How to comply with both Reg CC and fraud requirements Read about the rules outlined by Reg CC, the circumstances that allow exceptions, and what to do when your financial institution suspects fraud. Learn strong approaches to identifying, evaluating, and reporting suspicious activity in this BSA Guidebook Download now Takeaway 1 Reg CC requirements can sometimes feel at odds with anti-fraud efforts, especially because check fraud is such a problem.

Fraud 195

Fraud Training Regulation Compliance 195

Payments Dive

SEPTEMBER 8, 2023

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

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Google Apple Regulation Payments 459

CFPB Monitor

SEPTEMBER 8, 2023

The Ohio Department of Commerce, Division of Financial Institutions is amending the rules that implement the state’s Residential Mortgage Lending Act. The Division is seeking preliminary feedback on the administrative rules, which are codified in the Ohio Administrative Code Chapter 1301:8-7, as they undergo a five-year rule review. Proposed updates will ensure the rules reflect amendments that were made to the Act in 2021.

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Lending Ohio 148

Payments Dive

SEPTEMBER 8, 2023

Discover, hunting for a new CEO while it addresses compliance issues, might catch the eye of a large regional bank, an industry attorney said.

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Regional Compliance Industry 284

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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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TheGuardian

SEPTEMBER 8, 2023

Lawyers for family say Saudi government took brother’s data in breach and ‘arrested, tortured, and imprisoned’ him and others The company formerly known as Twitter is “unfit” to hold banking licenses because of its alleged “intentional complicity” with human rights violations in Saudi Arabia and treatment of users’ personal data, according to an open letter sent to federal and state banking regulators that was signed by a law firm representing a Saudi victim’s family.

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CFPB Monitor

SEPTEMBER 8, 2023

Yesterday, I moderated a live and virtual program at the American Bar Association Business Law Section 2023 Fall Meeting in Chicago. The program was entitled: “U.S. Supreme Court to Revisit Chevron Deference: What the SCOTUS Decision Could Mean for CFPB, FTC and Federal Banking Agency Regulations.” My co-panelists were Professor Jonathan S.

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Chicago Meeting Report Regulation 88

Payments Dive

SEPTEMBER 8, 2023

The retailer brought the automated platforms to 2,200 stores across North America, and 40% of in-store payments at these sites run through them, CEO Brian Hannasch said.

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Company America Retail Payments 221

SWBC's LenderHub

SEPTEMBER 8, 2023

Maintaining a high standard of service has never been more important for financial institutions, and contact centers play a pivotal role in this ecosystem, often being the first point of contact for members. However, the increasingly high attrition rate within contact centers presents a pressing challenge.

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CFPB Monitor

SEPTEMBER 8, 2023

On October 1, 2023 the California Department of Financial Protection and Innovation’s (“DFPI”) final regulations impacting those who provide commercial financial products and services will become effective. The regulations implement the California Consumer Financial Protection Law’s (“CCFPL”) prohibition on engaging in unfair, deceptive or abusive practices (“UDAAP”) in connection with the offering or provision of certain commercial financial products and services.

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California Regulation Report 78

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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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Gonzobanker

SEPTEMBER 8, 2023

In the operational race against time that defines a merger integration, these best practices will help the mobilization team manage the tech stack and vendor contract decisions. While M&A activity has been abnormally cool during 2023, recent deals foretell another wave of consolidation on the horizon. Banks struggling with margin pressures and the rising costs of regulation and technology will look to scale efficiencies via mergers to help restore vitality to their financial performance.

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Operations System Mobile Management 78

American Banker

SEPTEMBER 8, 2023

A point of sale glitch puts smaller sellers in a bind: They can refuse sales, fall back to cash and checks or take a leap of faith and absorb any transactions that fail after their systems come back online.

System 88

System Online Payments 88

ATM Marketplace

SEPTEMBER 8, 2023

Regional and smaller banks are feeling the stress from the chaos in the banking world. Can AI help them get a leg up?

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Regional 95

American Banker

SEPTEMBER 8, 2023

Financial institutions struggle to connect emotionally with consumers, according to research from American Banker's publisher. Barclays and Bank of America say digital delivery and targeted incentives have found success.

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America Payments 87

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.

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BankInovation

SEPTEMBER 8, 2023

LONDON — The United Kingdom’s innovation-friendly approach to regulating AI could give the country a boost compared to its counterparts in the European Union, Paul Dongha, group head of data and AI ethics at Lloyds Banking Group, told Bank Automation News. In March, the U.K.

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Regulation Groups Innovation Industry 64

American Banker

SEPTEMBER 8, 2023

Some analysts and investors want the North Carolina bank to make big changes to meet financial targets, which they say aren't being met more than four years after the BB&T-SunTrust merger. The critics will be closely watching a presentation by top Truist executives on Monday.

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North Carolina Strategy Meeting 81

BankInovation

SEPTEMBER 8, 2023

Canadian banks increased non-interest expenses in the third quarter as investment in technology and personnel drove up costs. The $1.4 trillion Royal Bank of Canada (RBC) increased its non-interest expenses 22% year over year to $5.8 billion; $312 billion National Bank of Canada (NBC) grew its non-interest expenses 8% YoY to $3.

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National Technology 64

American Banker

SEPTEMBER 8, 2023

The Federal Deposit Insurance Corp. acknowledges in a new report that it didn't adequately monitor First Republic Bank's uninsured deposits, interest rate risk sensitivity and rapid growth — and as a result left the bank vulnerable to contagion.

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FDIC Report Compliance Regulation 80

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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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The Paypers

SEPTEMBER 8, 2023

Hyundai Motor America has launched Hyundai Pay, a service that allows customers to find and pay for things with the vehicle’s touchscreen, using the stored credit card information.

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America Payments Cards 69

American Banker

SEPTEMBER 8, 2023

Regulators and the public are still concerned about the condition of the banking system. Bankers can't afford to look away.

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Risk Management Management Regulation System 90

The Paypers

SEPTEMBER 8, 2023

ACI Worldwide has released its ACI Speedpay Pulse report, research that delves into consumer billing, payment trends, and payment experiences across different generations.

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Survey Payments Trends Report 65

American Banker

SEPTEMBER 8, 2023

The deal, approved by a federal judge on Friday, resolves claims alleging that former CEO Tim Sloan and other bank executives made misleading statements to investors, the media and Congress.

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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 Paypers

SEPTEMBER 8, 2023

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have revealed new policy and regulatory recommendations for crypto assets.

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Policies 67

American Banker

SEPTEMBER 8, 2023

Ashton Ryan Jr. was convicted on dozens of fraud and conspiracy charges connected to the 2017 failure of the New Orleans bank he founded.

Fraud 78

Fraud Community Bank Industry Community 78

The Paypers

SEPTEMBER 8, 2023

US-based JP Morgan has revealed its plans to expand its blockchain initiatives by introducing a blockchain-based digital deposit token.

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blockchain US 70

American Banker

SEPTEMBER 8, 2023

As the company prepares to slash headcount, CEO Solomon speaks up about his "caricature" portraits in the media

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Company Industry Management 74

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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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