BankInovation
JULY 3, 2023
Fraud rates continue to climb each year as fraudsters scale operations. For banks seeking to protect themselves from financial crime, it can feel like a losing battle. The Federal Trade Commission received more than 2.
The Financial Brand
JULY 4, 2023
This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand. McKinsey's digital & artificial intelligence leaders offer a roadmap to transformation success, including a case study on how DBS Bank did it. This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand.
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American Banker
JULY 5, 2023
The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.
Payments Dive
JULY 5, 2023
Just 40% of consumers feel confident in the security and safety of their debit cards, J.D. Power said.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
ATM Marketplace
JULY 4, 2023
How do banks develop hospitality? A panel at the Bank Customer Experience held in Charlotte, North Carolina from Sept. 12 to 13 will look at this topic in detail.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Paypers
JULY 3, 2023
Kuwait-based fintech Spare has obtained the KSA Open Banking certification, based on the Open Banking Framework released by the Saudi Central Bank.
American Banker
JULY 2, 2023
Higher capital requirements tend to drive certain lending activities away from banking and toward so-called shadow banks. How regulators shore up banks without driving their customers away is the source of a spirited philosophical debate in Washington.
The Financial Brand
JULY 5, 2023
This article How Branding Pays Off in the Bottom Line and in Tough Times appeared first on The Financial Brand. In the wake of so much banking turbulence this spring, one clear lesson is how branding has powerful benefits that help boost the bottom line. This article How Branding Pays Off in the Bottom Line and in Tough Times appeared first on The Financial Brand.
Payments Dive
JULY 6, 2023
The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.
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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.
CFPB Monitor
JULY 5, 2023
The CFPB announced that on July 11, 2023 it will host a hearing on medical billing and collections, with a focus on medical payment products, such as medical credit cards and installment loans. In addition to Director Chopra, the hearing will include agency officials from the White House, the U.S. Department of Health and Human Services, and the U.S.
BankUnderground
JULY 5, 2023
Ambrogio Cesa-Bianchi, Ed Hall, Marco Pinchetti and Julian Reynolds The remarkable stability of US inflation dynamics in the pre-Covid era had led many to think that the Phillips Curve had flattened. However, the sharp rise in inflation that followed the Covid-19 pandemic ignited a debate on whether the Phillips Curve had steepened and, in particular, whether its slope depends on some particular macroeconomic conditions.
BankInovation
JULY 7, 2023
HSBC is increasing its investment in quantum computing innovation after teaming up with Quantinuum in May. The $3 billion bank joined a quantum-secured network by BT and Toshiba that will use quantum key distribution (QKD) technology to protect against advanced cyber threats, according to a Wednesday HSBC release.
Payments Dive
JULY 6, 2023
Fidelity National Information Services will sell a 55% stake in Worldpay to the private equity firm GTCR for $11.7 billion, valuing the company at $17.5 billion.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
CFPB Monitor
JULY 5, 2023
The CFPB recently issued its annual fair lending report covering its fair lending activity in 2022. In the report’s discussion of the CFPB’s risk-based approach for prioritizing fair lending supervisory and enforcement activity, the CFPB indicates that in 2022, much of its supervision efforts focused on mortgage origination and pricing, small business lending, policies and procedures regarding geographic and other exclusions in underwriting, and the use of automated systems and models. .
BankUnderground
JULY 7, 2023
Ivan Yotzov, Nicholas Bloom, Philip Bunn, Paul Mizen, Ozgen Ozturk and Gregory Thwaites Since late 2021, annual CPI inflation in the UK increased sharply. Alongside this increase, there was also a significant rise in firm and household short-term inflation expectations. In this post, we use data from the Decision Maker Panel (DMP), a UK-wide monthly business survey, to study whether there is an effect of CPI data releases on firms’ current inflation perceptions and year-ahead inflation expectati
Ublocal
JULY 7, 2023
As home values have increased in VT and NH in the last few years, you may have more equity in your home than you think. That equity can be borrowed against with a Home Equity Line of Credit (HELOC), or a Home Equity Loan to fund home improvements and renovations. Keep reading to learn about the differences between these two types of home financing, what they are best used for, and what to consider before applying.
Payments Dive
JULY 7, 2023
CFO Matt Briers took home higher compensation as he prepares to step down from the company. The money transfer service’s CEO also is leaving for a planned sabbatical in September.
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
Realwired Appraisal Management Blog
JULY 5, 2023
More than 50% of chief appraisers, reviewers and commercial appraisers from my informal survey thought report quality declined in the past 10 years. They say appraising is an art. But just like art, there’s amazing work and “meh” work. Some appraisers rely on external reviewers to fix their art. Houston, we have a problem.
BankInovation
JULY 5, 2023
Michigan State University Federal Credit Union developers are investigating how to use AI in its software coding. The $7.45 billion credit union has several teams, including managers, vice presidents and developers, exploring AI use cases through its innovation lab, The Lab, Ami Iceman-Haueter, chief research and digital experience officer at MSUFCU, told Bank Automation News.
Gonzobanker
JULY 6, 2023
Banking executives faced with rapid-fire industry changes may feel at times like they’re playing “Whack-a-Mole,” “Red Rover, Red Rover,” “Duck, Duck, Goose!” or any of those childhood games that if you were on the wrong team, on the wrong side of the line, or wearing the wrong clothes, chances were good you’d experience shame, blame or bruises. I feel your pain!
Payments Dive
JULY 5, 2023
The move, if true, would mark a 180-degree turn after Goldman and the tech giant extended their partnership until 2029 in October.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
CFPB Monitor
JULY 5, 2023
Community Financial Services Association of America (CFSA) has filed its brief with the U.S. Supreme Court in which it asks the Court to affirm the Fifth Circuit panel decision in CFSA v. CFPB. In that decision, the panel held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.
TheGuardian
JULY 5, 2023
This live blog is now closed, you can read more of our UK political coverage here Yesterday Sajid Javid, the Tory former health secretary, called for the creation of a royal commission to consider the future of the NHS. He argued that this would take the debate about the future of the service out of the realm of party politics, and, in an article in the Times , he said that in private politicians believed that the NHS was unsustainable in its current form.
Gonzobanker
JULY 6, 2023
Banking executives faced with rapid-fire industry changes may feel at times like they’re playing “Whack-a-Mole,” “Red Rover, Red Rover,” “Duck, Duck, Goose!” or any of those childhood games that if you were on the wrong team, on the wrong side of the line, or wearing the wrong clothes, chances were good you’d experience shame, blame or bruises. I feel your pain!
Payments Dive
JULY 7, 2023
Two years after purchasing Returnly for $300 million, Affirm said it’s divesting the returns management platform business.
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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
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