Payments Dive

JUNE 12, 2023

Restaurant point-of-sale company Toast has partnered with commerce fintech FreedomPay to pursue larger customers, such as Starbucks and Shake Shack.

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Fintech Company 433

BankBazaar

JUNE 12, 2023

To many, a Credit Score may seem like a simple, inconsequential three-digit number. However, for a lender, it gives deeper insight into a borrower’s financial behaviour and patterns. They look at the credit reports to understand the borrower’s ability and willingness to pay off debt. You can imagine how crucial that is because, at some point in life, the need to get a Credit Card or a Personal Loan may arise.

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Cards Report Exercises Security 147

Payments Dive

JUNE 12, 2023

The London-based cross-border payments company has tapped a Miami-based financial services veteran to help drive its expansion into the U.S.

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BankInovation

JUNE 12, 2023

Traditional financial services’ fraud detection is focused on — surprise, surprise — detecting fraudulent transactions. And there’s no question that generative AI has added a powerful weapon to the fraud detection arsenal.

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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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Payments Dive

JUNE 12, 2023

FIS has acquired Bond, according to two news outlets, including one backed by an internal company memo.

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Report Company 243

Jeff For Banks

JUNE 12, 2023

My firm is debating the direction of the banking industry so we can present, discuss, and debate with our clients, particularly how they can succeed in the current and emerging environment. In the past, I have advocated for "stakeholder primacy"; if you mattered to your employees, customers, shareholders and communities you would surely have an enduring future.

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Community Customer Experience Resources Strategy 78

CFPB Monitor

JUNE 12, 2023

The CFPB announced at the end of last week that it had entered into a consent order with Phoenix Financial Services, LLC (Phoenix), a third-party debt collector that collects primarily past-due medical debts and furnishes information to consumer reporting agencies (CRAs), to settle alleged violations by Phoenix of the Fair Credit Reporting Act and its implementing Regulation V, the Fair Debt Collection Practices Act, and the Consumer Financial Protection Act. .

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Phoenix Regulation Report 78

American Banker

JUNE 12, 2023

If the U.S. and Canada don't develop a coherent framework for regulating the industry, North America risks broader losses to other growing industries, like fintech and artificial intelligence.

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Regulation Innovation America Fintech 85

CFPB Monitor

JUNE 12, 2023

As anticipated, on June 5, 2023, Colorado Governor Jared Polis signed into law Colorado HB23-1229 , which will exclude consumer loans made in Colorado from the provisions of Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDA) (codified at 12 U.S.C. 1813d), a federal law enacted to create competitive equality with respect to usury laws between state-chartered banks and national banks.

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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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TheGuardian

JUNE 12, 2023

Lawsuit claims that officials at the bank ignored warning signs about Epstein’s abuse because he was a wealthy client JP Morgan Chase has announced a tentative settlement in a legal claim brought by a woman who said that the US banking giant knowingly benefited from sexual abuse that she and others suffered at the hands of disgraced financier Jeffrey Epstein.

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US 76

CFPB Monitor

JUNE 12, 2023

Two joint resolutions under the Congressional Review Act (CRA) to override the CFPB’s final Section 1071 small business lending rule have been introduced by Republican members in the House. The resolutions are H.J. Res. 50 introduced on April 3, 2023 and H.J. Res. 66 introduced on May 31, 2023. (Since the two resolutions and their sponsors are identical, except that H.J.

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Lending 78

American Banker

JUNE 12, 2023

The payment company is focused on small-business borrowers operating in areas where branches are shutting down.

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Lending Marketing Operations Payments 95

CFPB Monitor

JUNE 12, 2023

The Federal Trade Commission has provided its annual report to the CFPB on its enforcement and related activities in 2022 regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA) (collectively, the “Financial Acts”). It also released its 2022 annual report on refunds. .

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Report Lending 78

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.

US

TheGuardian

JUNE 12, 2023

Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed rates Santander has become the latest major bank to temporarily pull its mortgage deals for new borrowers from sale, amid a fresh warning that further interest rate hikes may be needed to tackle inflation. Days after HSBC temporarily pulled down the shutters , Santander said it would stop accepting new applications for its “new business” residential and buy-to-let fixed and tracker rates at 7.30pm

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CFPB Monitor

JUNE 12, 2023

At the end of last week, the CFPB issued its Semi-Annual Report to Congress covering the period beginning April 1, 2022 and ending September 30, 2022. Tomorrow, June 13, CFPB Director Chopra is scheduled to appear before the Senate Banking Committee for a hearing, “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.”.

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Report 78

TheGuardian

JUNE 12, 2023

Breaking Bank of England in 1992 arguably set off wave of Euroscepticism that would engulf British politics Philanthropist. Intellectual. Trenchant opponent of totalitarianism. George Soros is all of these things. At 92, he has not lost his power to make headlines, as shown by his decision to hand control of his multibillion-dollar Open Society Foundations to his son Alex , going back on a vow that it would not go to one of his children.

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Maine How To US 66

The Paypers

JUNE 12, 2023

Global technology company Mastercard has launched Touch Card, a new product that aims to facilitate payments for blind and low-vision customers.

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Cards Technology Payments Company 74

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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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American Banker

JUNE 12, 2023

Consumer Financial Protection Bureau Director Rohit Chopra warned that "powerful firms" must not dominate the new open banking landscape.

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Regulation Compliance 72

Realwired Appraisal Management Blog

JUNE 12, 2023

Michael Scott, the regional manager of the fictitious paper company Dunder Mifflin, is the only one left in the office. Pam and Jim left the firm, got married and are now influencers. Dwight left for his TikTok side hustle, while Darryl, Stanley and Phyllis all work remote.

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Regional Management Company 52

American Banker

JUNE 12, 2023

A new bank has taken the top spot on American Banker's annual list of the highest-performing institutions with less than $2 billion of assets.

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Community Bank Community 69

BankInovation

JUNE 12, 2023

At Bank Automation News, we want to ensure we are providing the most relevant, useful articles, reports, data, and content to our readers. The banking industry is constantly evolving, and we need your help to ensure we stay on the right path.

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Survey Data Industry Report 52

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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

JUNE 12, 2023

US-based data network Plaid has introduced a new identity verification experience based on a 'verify once, verify everywhere' system.

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US System Data 69

BankInovation

JUNE 12, 2023

Platform provider Chargebacks911 named Guy Harris as its chairman of the board and Eric Hoffman as president of interbank solutions and board member. Chargebacks911 is “a technology platform provider for chargeback management and dispute resolution,” Chief Executive Monica Eaton told Bank Automation News. The two new hires bring experience from the finance industry, Eaton said.

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America Apple Industry Management 52

Commercial Lending USA

JUNE 12, 2023

Looking to free up capital? Sale and leaseback could be the perfect solution for your real estate needs. Find out more about the process and benefits on our blog.

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Capital Lending 52

The Paypers

JUNE 12, 2023

US-based Identity orchestration company Jumio has released a new research which reveals the disconnection between consumer awareness of AI and deepfakes and their risks to security.

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Survey US Security Company 48

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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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