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 97
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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 369
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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 125
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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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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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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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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 122
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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 102
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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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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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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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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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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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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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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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Is Your Current Card Platform Holding You Back?

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

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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 107
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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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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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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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Ballard Spahr adds Cryptocurrency and Blockchain Legislative Tracker to Ballard360 technology applications

CFPB Monitor

Last week, Ballard Spahr launched an innovative online application to help cryptocurrency and blockchain industry participants keep pace with quickly evolving laws, regulations, policies, and government enforcement priorities in the space. The Cryptocurrency and Blockchain Legislative Tracker is an interactive.

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How the Q4 2022 U.S. Economic Outlook Impacts Your Institution

SWBC's LenderHub

In my previous quarterly projections , I called for a recession to possibly begin as soon as the fourth quarter of this year (current quarter) and is more likely to occur in the first and second quarters of 2023. Based on the recent and continued strength of the labor markets and still healthy (but deteriorating) consumer balance sheets, the likely timing of the recession is now the second and third quarters of 2023.

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How HSBC is executing a global overhaul

Banking Exchange

Its exit from Canadian banking is the latest step in a wide-ranging rationalization across the company Retail Banking Branch Technology/ATMs Bank Performance Feature3 M&A Feature Management.

ATM 78
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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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3 Ways Managed Device Services Help Community Banks Cut Costs

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