NMI acquires Sphere division
Payments Dive
OCTOBER 12, 2023
The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said.
Payments Dive
OCTOBER 12, 2023
The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said.
South State Correspondent
OCTOBER 12, 2023
Many parents have dealt with the issue of how to divide Halloween candy among siblings. It takes work. If all houses gave out the same candy, it wouldn’t be a problem. But houses give out different sweets. Further, trick-or-treaters have different preferences. Whatever the case, candy, and preferences are not all the same. As a result, candy is distributed unevenly, forcing parents concerned with equality to employ some game theory.
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Payments Dive
OCTOBER 12, 2023
With the purchase, the payment processor said it adds about 600 independent software vendor partners and about 27,000 merchants in Brazil.
CFPB Monitor
OCTOBER 12, 2023
The Superior Court of New Jersey, Appellate Division in Jennifer Woo-Padva v. Midland Funding, LLC , recently affirmed the dismissal of consumer fraud claims brought against a debt collector pursuant to the New Jersey Consumer Finance Licensing Act (CFLA), holding that a debt purchaser is not liable under the New Jersey Consumer Fraud Act (NJCFA) for failing to obtain a state license under the CFLA.
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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
OCTOBER 12, 2023
Although roughly 99% of vendors surveyed accept ACH payment, the share of payments made via check was neck-and-neck with that for ACH this year, according to a MineralTree report.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Commercial Lending USA
OCTOBER 12, 2023
That's where self storage financing comes in. In this blog, we'll explore self storage financing. It can help you take advantage of opportunities in this thriving sector.
CFPB Monitor
OCTOBER 12, 2023
Our special guest is Mark Budnitz, Professor Emeritus, Georgia State University College of Law. In an article recently published in the Georgetown Journal on Poverty Law & Policy, Prof. Budnitz explores the impact on low-income consumers of the increasing use of digital technology for consumer payments. Prof. Budnitz first explains why, in his view, the current laws governing digital financial services, particularly the Electronic Funds Transfer Act and Reg.
TheGuardian
OCTOBER 12, 2023
Financial watchdog provisionally concludes Jes Staley misled it over his friendship with billionaire sex offender Ex-Barclays boss Jes Staley banned from City over Jeffrey Epstein scandal The UK’s financial watchdog has released a series of messages between former Barclays boss Jes Staley and convicted sex offender Jeffrey Epstein “referring to the strength of their friendship”.
The Paypers
OCTOBER 12, 2023
Global payments technology company Mastercard has revealed that it demonstrated CBDC interoperability for trusted Web3 commerce in Australia.
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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.
TheGuardian
OCTOBER 12, 2023
Regulator says bank’s former CEO also set to miss £18m in pay and bonuses and faces potential fine of £1.8m The former Barclays chief executive Jes Staley has been banned from holding any senior City role and is set to miss out on nearly £18m in pay and bonuses after the UK’s financial watchdog ruled he had misled it over his relationship with Jeffrey Epstein.
American Banker
OCTOBER 12, 2023
The consulting giant's annual global banking review highlights a stark trend: Over a seven-year period, more than 70% of the net increase in financial assets ended up not on U.S. banks' balance sheets, but instead at insurance and pension funds, sovereign wealth funds, in private capital markets and elsewhere.
BankInovation
OCTOBER 12, 2023
Goldman Sachs Group Inc. agreed to sell its GreenSky unit to a consortium led by Sixth Street Partners. The deal, which is expected to close early next year, will result in a 19-cent-per-share hit to third-quarter earnings, according to a statement from the bank.
American Banker
OCTOBER 12, 2023
The credit bureau is embedding its Experian Boost feature in the new account, which aims to help people strengthen their credit profiles through on-time bill payments.
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.
The Paypers
OCTOBER 12, 2023
Apple Wallet ’s new integration has enabled it to show the card’s details and transaction history for Discover US credit card customers.
American Banker
OCTOBER 12, 2023
The Consumer Financial Protection Bureau and the Justice Department warned banks and other lenders that credit applicants cannot be rejected due to their immigration status.
BankInovation
OCTOBER 12, 2023
Citizens Bank plans to join syndicated loan platform Versana in the first half of 2024 to expand its credit reach.
American Banker
OCTOBER 12, 2023
The San Antonio-based lender is introducing new products targeted at borrowers who make less than 80% of their county's median income. The loans, which will qualify for Community Reinvestment Act credit, could help expand access to the state's increasingly expensive housing market.
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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
BankInovation
OCTOBER 12, 2023
Metro Bank is considering growth strategies and digital investment plans following a tumultuous month that nearly ended in a collapse similar to Silicon Valley Bank’s downfall in the spring. Last week, the London-based bank’s stock plummeted 30% and talks of a necessary capital raise and potential sale swirled.
The Paypers
OCTOBER 12, 2023
US-based Glia has partnered with Lumin Digital to integrate its DCS capabilities into the latter’s online banking platform and streamline the digital-first member service.
American Banker
OCTOBER 12, 2023
The goal is to reflect the increasing threat to financial stability that regulators now see from ESG factors such as climate change and inequality.
The Paypers
OCTOBER 12, 2023
Qatar Central Bank has issued instructions for the Loan-Based Crowdfunding Regulation, for the purpose of licencing and regulating activities and services in Qatar.
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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
OCTOBER 12, 2023
Caroline Ellison outlined for a New York jury how she worked with Sam Bankman-Fried to deceive lenders and customers to build his multibillion dollar cryptocurrency empire — and their failed attempts to prevent a spectacular collapse.
The Paypers
OCTOBER 12, 2023
AI-powered fraud and risk platform DataVisor has announced the launch of AI Co-Pilot, a generative-AI facilitated fraud solution to improve real-time fraud defence.
American Banker
OCTOBER 12, 2023
Former Barclays boss Jes Staley has been banned from the U.K. financial services industry after "recklessly" misleading regulators and the bank about his relationship with the late financier and sex offender Jeffrey Epstein.
The Paypers
OCTOBER 12, 2023
UK-based bank NatWest Group has enabled Click to Pay for all customers with a Mastercard debit card, looking to make online shopping easier and safer for people in the country.
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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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