Accenture

MARCH 27, 2023

Having pulled through the Covid pandemic, the unravelling of international supply chains and a global energy crunch, commercial banks must now grapple with a spike in interest rates and the collapse of some high-profile peer institutions. Rarely have I seen the banking industry in such flux and uncertainty. How should banks respond? My advice: Pause… The post Commercial banks must now focus on fundamentals appeared first on Accenture Banking Blog.

Industry 386

Industry Banking Trends Trends 386

Payments Dive

MARCH 23, 2023

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

Payments 545

Payments System Company 545

Perficient

MARCH 30, 2023

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. The “cloud” refers to a global network of servers, each with a unique function, that works in tandem to enable users to access files stored within from any approved device. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device.

Training 492

Training Security Data Regional 492

CFPB Monitor

MARCH 9, 2023

The U.S. Department of Housing and Urban Development (HUD) recently issued a final rule extending the maximum term of an FHA loan modification from 30 to 40 years. The rule is effective May 8, 2023. HUD also issued Mortgagee Letter 2023-06 incorporating a 40-year standalone loan modification into FHA’s COVID-19 loss mitigation policies for situations in which partial claim funds are not available. .

Policies 148

Policies 148

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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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Gonzobanker

MARCH 9, 2023

Mortgage lenders may be losing control of their LOS options This week, Intercontinental Exchange (ICE) and Black Knight announced an agreement to sell Black Knight’s Empower loan origination system (LOS) business to Constellation Software, Inc. This all but confirms speculation from lenders that Empower wasn’t a major factor in the Black Knight transaction , and lenders on Empower risked a migration to Encompass, ICE’s mortgage software platform, if the deal had gone through as-is.

Software 147

Software Resources Marketing System 147

Accenture

MARCH 20, 2023

The COVID-19 pandemic increased the tempo of change in consumer behaviors and expectations. Payments, characteristically, is at the forefront of the change. In “Payments gets personal—strategies to say relevant,” our report on an Accenture survey of 16,000 payments customers across 13 different countries, we revealed how the return of meaningful interest rates is interacting with… The post Four strategies for consumer payments growth in 2023 appeared first on Accenture Banking Blog.

Strategy 420

Strategy Payments Survey Report 420

Payments Dive

MARCH 14, 2023

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

Millennials 518

Millennials Cards Company 518

TheGuardian

MARCH 24, 2023

Stock markets slide as banking shares and oil prices tumble; Bank of England governor Andrew Bailey appeals to businesses to avoid price rises because higher inflation ‘hurts least well-off in society’ Stock markets are in the red again, with the FTSE 100 index down 67 points, or 0.9%, at 7,431, dragged down by banks NatWest Group , Barclays , Standard Chartered and the insurer Prudential , as concerns over the banking sector persist.

Marketing 105

Marketing Groups 105

CFPB Monitor

MARCH 2, 2023

The CFPB recently issued two proposals that would require nonbanks to register with and submit information to the CFPB for publication in an online, publicly available database. The proposals represent an aggressive attempt by the CFPB to enhance its supervisory and enforcement authorities and carry significant potential implications for nonbanks that would be required to register.

Online 148

Online 148

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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.

New York

BankUnderground

MARCH 9, 2023

Jelle Barkema How concerned should policymakers be as UK business insolvencies have soared to 60-year highs ? This phenomenon has been extensively covered in the media; with media outlets attributing the record-breaking numbers to a ‘perfect storm’ of energy prices, supply-chain disruptions and the cost of living squeeze. Insolvencies are a popular measure of economic distress because they have implications for both the financial system and the real economy.

Trends 103

Trends Company Policies US 103

BankInovation

MARCH 14, 2023

As core legacy systems become inefficient, slow, and unable to keep up with present day customer expectations, more and more financial institutions are facing the same question: how do we modernize these systems without the high costs and long turnover time? The answer is fintech enablement.

System 98

System Fintech 98

ABA Community Banking

MARCH 1, 2023

As a bank leader, Alicia Wade notes that we're at a unique moment that won't recur for many years: having four generations, from Baby Boomers to Gen Z, working alongside each other. The post Podcast: Building banker skills with cross-generational learning appeared first on ABA Banking Journal.

Customer Experience 98

Customer Experience Resources Millennials Community Bank 98

Payments Dive

MARCH 21, 2023

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

Meeting 459

Meeting Cards Company 459

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TheGuardian

MARCH 21, 2023

Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way? The global financial system is facing a crisis of confidence. Which makes this week’s meeting of America’s central bankers critically important. None of the 12 members of the Federal Reserve Board’s Open Market Committee were elected to their posts.

Meeting 107

Meeting System Marketing US 107

CFPB Monitor

MARCH 20, 2023

The U.S. Department of Housing and Urban Development (HUD) recently issued a final rule reinstating the 2013 version of its disparate impact rule under the Fair Housing Act (Act) to replace a version of the rule adopted by HUD during the Trump Administration in 2020 that never became effective. The final rule is effective 30 days after publication in the Federal Register. .

Lending 147

Lending 147

FICO

MARCH 14, 2023

Home Blog FICO Claims Automation for Health Plans: Transformation with a Small “t” By focusing on transformation with a small “t” that addresses measurable performance gaps, health plans and administrators can use claims automation to control costs and risk FICO Admin Tue, 07/02/2019 - 02:45 by Paul Crowder expand_less Back To Top Tue, 03/14/2023 - 14:15 Some time ago, I witnessed a plea for help in a global healthcare summit from a Director of Claims Management for assistance in automating thei

Software 98

Software Management Analytics Operations 98

BankInovation

MARCH 30, 2023

When ChatGPT seemingly burst on the scene late last year, everyone from college students to CEOs took notice. For financial institutions, ChatGPT is just one tool in their digital transformation toolkit.

Tools 98

Tools Digital Banking Customer Experience Retail 98

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

Commercial Lending USA

MARCH 15, 2023

fix and flip loans no money down have become popular with investors because they allow you to use someone else's money to fund your project. That's right.

How To 98

How To Lending 98

Payments Dive

MARCH 13, 2023

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

Payments 486

Payments 486

TheGuardian

MARCH 13, 2023

Silicon Valley Bank UK has been sold to HSBC for £1 , in a deal that protects depositors’ money says Treasury and Bank of England Full story: HSBC to buy Silicon Valley Bank’s UK operations Why Silicon Valley Bank was so important to UK tech sector Here’s Sky’s Ed Conway: Important developments. Continue reading.

Marketing 97

Marketing Operations 97

CFPB Monitor

MARCH 30, 2023

Earlier this week, the U.S. Supreme Court agreed to hear a case in which the question presented is whether an Americans with Disabilities Act (ADA) “tester” has Article III standing to challenge a place of public accommodation’s failure to provide disability accessibility information on its website, even if she lacked any intention of visiting that place of public accommodation. .

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146

Advertiser: Data Robot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

Marketing

CB Insights

MARCH 14, 2023

For its 2,690+ fintech clients, Silicon Valley Bank (SVB) is more than just a bank. In addition to the venture debt financing and startup banking that it’s known for, SVB is a gateway for commercial payments and online payments acceptance. In fact, it markets itself not as a bank, but as a financial technology partner. According to SVB, its clients account for 71% of all fintech IPOs since 2020.

Fintech 83

Fintech Company Financial Technology Online 83

BankInovation

MARCH 21, 2023

Many financial institutions struggle to decide where they should focus their strategic modernization efforts. Should they prioritize back-office and core capabilities or more tactical front-end and point solutions? Trying to choose the best option often leads to significant resource use and major inefficiencies.

Fintech 98

Fintech Resources 98

The Paypers

MARCH 24, 2023

J.P. Morgan has announced a pilot of biometric-based payments with select US-based retailers, looking to enable speed and efficiency for merchants and consumers alike.

Payments 78

Payments Retail US 78

Payments Dive

MARCH 27, 2023

The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

Retail 459

Retail Cards Online Company 459

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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