Sat.Dec 03, 2022 - Fri.Dec 09, 2022

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Hunt to urge banks to aid mortgage borrowers amid cost-of-living crisis

TheGuardian

Exclusive: Chancellor to meet heads of UK’s major lenders and consumer champion Martin Lewis on Wednesday UK politics live – latest news updates The chancellor will urge the UK’s largest banks to do all they can to support those struggling to pay their mortgage during the cost-of-living crisis when he holds his first talks with chief executives on Wednesday.

Meeting 98
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Tired of seeing red? Learn how one lessor only saw green

Accenture

Adam and I were talking the other day about all the changes we’ve seen in the auto and equipment finance industry over the last two years. So many areas of the business have been affected by simply replacing in-person meetings with digital interactions. It’s also been a time of massive uncertainty, with climbing inflation and…. The post Tired of seeing red?

Meeting 355
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Strategies for preventing hook and chain attacks

ATM Marketplace

ATM crimes are on the rise, especially hook and chain attacks. Some banks are putting up stickers warning criminals that ATMs have hook and chain blockers. But how effective are these stickers and what actually can prevent these attacks?

Strategy 127
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5 questions with … Sunrise Banks’ CIO Brett Cooksey

BankInovation

Sunrise Banks Chief Information Officer Brett Cooksey is focused on digitization, strategic fintech partnerships and automation for improved customer experience. The $1.96 billion bank counts more than a dozen fintech partners, including credit builder solution Self and document automation platform Anvil. The bank has “several more partnerships in mind,” Cooksey said.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Banks face stiffer competition for funds as Fed QT rolls on

American Banker

More Trending

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New Salesforce Mobile Application Configure and Customization

Perficient

New Salesforce Mobile Application Configure and Customization in Salesforce Org. According to reports 120 billion hours are spent with mobile business apps annually. According to Salesforce Every month, almost 2 million users run their business from their phone using the Salesforce mobile app. Salesforce planning to retire the Salesforce mobile web experience with the Summer 2020 release.

Mobile 294
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The Effects of Inflation on CRE Cashflow

South State Correspondent

At a cursory observation, one would conclude that the effects of inflation on a real estate project are neutral. If owners can pass increased costs to tenants, they can keep inflation from decreasing NOI or cash-on-cash return. However, closer analysis and lessons from history demonstrate that to counteract inflation’s free cash flow-destroying effects, revenue must grow substantially higher than the inflation rate.

Analysis 195
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CFPB makes preliminary determinations that Truth in Lending Act does not preempt New York, California, Utah, and Virginia commercial financing disclosure laws

CFPB Monitor

In a notice of “ Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z) ,” the CFPB announced that it is seeking comments on its preliminary determinations that the Truth in Lending Act (TILA) does not.

Lending 147
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First US non-Amazon-owned grocer to use palm-scanning tech

Payments Dive

The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Do larger bond trades cost more to execute?

BankUnderground

Gábor Pintér. Are larger trades more or less expensive to execute in bond markets than smaller trades? This is an old and unsettled question in the literature on financial markets. The aim of this blog post is to provide novel answers to this question, based on our recent research using transaction-level data from the UK government and corporate bond markets, over the period 2011–17. [1].

Marketing 123
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Facial recognition: A top challenge/opportunity for ATMs

ATM Marketplace

Although banks are beginning to adopt facial recognition at ATMs, the technology still has to overcome customer's distrust.

ATM 110
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OCC official highlights agency’s fair lending focus

CFPB Monitor

In recent remarks at the CRA & Fair Lending Colloquium, Grovetta Gardineer, Senior Deputy Comptroller for Bank Supervision Policy at the Office of the Comptroller of the Currency, discussed the OCC’s current fair lending initiatives. Her remarks were intended to.

Lending 147
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Fiserv stands by profit margin expansion target

Payments Dive

The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

Data 284
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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Fakers, fast sign-ups and fraud: the crisis at the UK’s Companies House

TheGuardian

Britain’s register of companies was reformed in 2011 to allow incorporations within 24 hours for £12. Now the number of firms on its books has soared – and so have the complaints It was in June, when she went to get a credit check for a mortgage, that the 20-year-old employee at Japanese beauty brand Shiseido realised something had gone badly wrong.

Company 104
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In-depth look at the distribution of average U.S. FICO® Scores in 2022

FICO

Home. Blog. FICO. In-depth look at the distribution of average U.S. FICO® Scores in 2022. The national average FICO Score did not go up for the first time in over a decade, a trend that’s seen at the city and state level across the nation. KristinaRobinson@fico.com. Tue, 08/30/2022 - 13:08. by Tom Quinn. expand_less Back To Top. Wed, 12/07/2022 - 13:00.

Trends 97
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HUD announces 2023 loan limits for FHA forward mortgages and HECMs

CFPB Monitor

The U.S. Department of Housing and Urban Development (HUD) recently announced the 2023 loan limits for FHA insured forward mortgage loans and FHA insured Home Equity Conversion Mortgages (HECMs). The announcements were made in Mortgagee Letter 2022-20 and Mortgagee Letter 2022-21 , respectively. For forward mortgage loans in non-high cost areas, the amount for a single unit home increased from $420,680 in 2022 to $472,030 in 2023.

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FTX fallout spurs regulatory fears

Payments Dive

Payments industry professionals, including at the software security firm Fireblocks, worry that the crypto exchange’s downfall could trigger a regulatory backlash against digital assets.

Software 273
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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Government denies ‘race to bottom’ on regulation as Hunt loosens City rules – business live

TheGuardian

Chancellor Jeremy Hunt is unveiling a 30-point package of City policy changes on Friday that rows back on regulations to boost competition and growth. Jeremy Hunt sets out sweeping reforms to financial sector The UK is to reform the regulations on the short selling of shares listed on UK market – the practice of borrowing shares to sell them, with the goal of buying them back cheaper in future.

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Wells Fargo launches new digital banking platform

BankInovation

Wells Fargo launched its new AI-powered digital banking platform Vantage on Monday to create a more customized banking experience for its commercial, corporate and investment clients. Vantage allows for personalization using AI and machine learnings (ML) and is able to connect back to legacy data, Reetika Grewal, executive vice president and head of digital transformation, […].

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Fintech plans to double workforce, add bank partners in 2023

American Banker

Fintech 90
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PayPal CEO gives gloomy forecast

Payments Dive

PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.

Retail 259
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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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Jeremy Hunt sets out sweeping reforms to financial sector

TheGuardian

Chancellor says plans will ensure City ‘benefits from dynamic, proportionate regulation’ Business live updates: Jeremy Hunt loosens City rules The chancellor has announced plans to reform and repeal a number of City regulations, including rules originally meant to protect the UK from another financial crisis, in order to “unlock” investment and “turbocharge” growth across the UK.

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Back By Popular Demand: 2023 Trade Show Directory

William Mills

After a two-year hiatus of some shows and the introduction of virtual or hybrid models of others, we’re excited about the direction that events are headed in 2023.

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Kristy Kim says buy now/pay later is like fast food

American Banker

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Plaid cuts 260 employees

Payments Dive

The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

Fintech 259
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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.