Perficient

MARCH 17, 2025

Financial Services Trend #1: AI Transforming the Future of Finance Artificial intelligence (AI) is revolutionizing the financial services industry, driving significant advancements across banking, wealth and asset management, payments, and beyond. This blog brings together these insights, presenting the top financial services trends for 2025.

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Perficient

FEBRUARY 12, 2025

The rapidly evolving payments industry is driving industry leaders to adapt their strategies in response to emerging trends. The industry faces numerous challenges, including protecting sensitive data, navigating evolving regulations, and outdated legacy systems.

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Payments Source

MARCH 29, 2021

There are ways to remove bad actors from the industry — such as reinstating the Consumer Financial Protection Bureau’s payday lending rule and banning certain fees and collection practices — without hindering consumers’ access to emergency credit. ]].

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PYMNTS

OCTOBER 16, 2020

The Bank of Communications, Bank of China, Agricultural Bank of China, China Construction Bank and Industrial and Commercial Bank of China registered a minimum of 10 percent year-on-year declines from January to June. trillion yuan ($219 billion) in profit by cutting lending rates and deferring loan repayments in an effort to assist firms.

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Abrigo

FEBRUARY 6, 2024

Develop an MBL program while mitigating risk Credit unions looking for alternate paths to growth in today's rising rate environment may be primed to leverage member business lending. Takeaway 3 The specific policy areas outlined below should be carefully considered by credit unions engaged in member business lending.

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Abrigo

DECEMBER 29, 2023

Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals.

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PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. “Regulation around open banking has certainly been of great benefit to businesses in the U.K., In the U.K.,

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Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

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PYMNTS

DECEMBER 23, 2019

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. The Chinese AI industry would be worth $143 Billion by 2030. The risk and safety lines with AI in China in the finance sector appear to be blurring. trade war.

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Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

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Abrigo

APRIL 12, 2021

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. Takeaway 1 The lending landscape is increasingly competitive and the process is frustrating. However, the term LOS can have different meanings to bankers across the industry.

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Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Humans are resilient, and difficult times that require change is not foreign to the financial services industry. This frequency of communication to the financial services industry is abnormal to say the least.

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Abrigo

MARCH 27, 2025

They require a mix of judgment, data, and defensibilitywithout clear instructions from regulators on exactly how to apply them. Have there been any major industry shifts that could impact our borrowers? Have we changed our lending practices (new products, risk appetite)? Be ready with clear, well-organized documentation.

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Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

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PYMNTS

SEPTEMBER 2, 2019

Regulators are taking a closer look at financial apps that allow workers to access their pay early. But regulators from New York and 10 other states aren’t convinced. As for the subpoena from regulators, Palaniappan explained “it’s a new model. What we have been able to do is to give people access to their pay as they earn it.”.

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Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. The Mortgage Bankers Association expects 9% growth in CRE originations in 2020.

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South State Correspondent

JUNE 10, 2019

A common line of thinking in the banking industry, especially regulators, is that recessions are driven by, or at least exacerbated by, the supply of credit. Banks, in an effort to stay competitive, tend to drop their lending standards to hit their loan growth targets. In doing so, these banks take on more and more risk.

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PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

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PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. However, the banking industry doesn’t like that one bit. “We And as the banking industry’s letter shows, FIs are still displeased with the idea as well.

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PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C.,

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Perficient

FEBRUARY 27, 2025

As we progress through 2025, the banking industry is set for substantial transformation driven by several key trends. To stay competitive, banks must adapt and embrace emerging industry trends. By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities.

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South State Correspondent

MARCH 3, 2025

By 1985, the banking industry had radically changed. Germain Depository Institutions Act of 1982 enabled thrifts to offer money market accounts and expand lending powers, fostering competition with banks. At the same time, starting in 1984, regulators started recording the CD rates at banks for public consumption. The Garn-St.

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PYMNTS

JANUARY 2, 2019

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. The P2P lending market in China has been rife with scams and controversy for some time now. The P2P lending market in China has been rife with scams and controversy for some time now.

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PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. The paper comes after a speech by a top RBI official in charge of banking regulation, Bloomberg writes. However, others piled on risk, he said, lending long-term loans while also raising short-term cash.

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PYMNTS

FEBRUARY 25, 2019

The panel, which traces its genesis back two years, is comprised of two groups, focused separately on lending and payments, and is in turn part of CSBS Vision 2020. “As The Fintech Industry Advisory Panel has developed actionable items for us; we embrace these recommendations, and we are now focused on implementation.”.

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PYMNTS

JANUARY 22, 2019

Could it be that the CFPB, under new Executive Director Kathy Kraninger , will be moving directly to eliminate the more controversial provisions of its payday lending rule? In April, Mulvaney sided with two payday lending groups that sued the CFPB in an attempt to invalidate the regulatory restrictions created by the new rules.

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Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. Learn More.

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Abrigo

MAY 15, 2020

Industry officials warn it won’t be the last. Customer due diligence (CDD) steps that should be taken by the lending institution includes: If the loan is being made to an existing customer and the Customer Identification Program (CIP) information was previously verified, there is no need to re-verify the information. SBA Lending.

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PYMNTS

SEPTEMBER 18, 2017

Nowhere is this outrage more deafening than the halls of Congress , where member after member now demands that executive heads at Equifax be placed on chopping blocks and massive regulatory changes across the credit reporting industry be made. We don’t need more regulation. Senator Elizabeth Warren (D – Mass.)

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Insights on Business

OCTOBER 3, 2018

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. Today the IBM Z mainframe is used by 92 of the top 100 banks in the world because it supports the unique transaction processing, scalability, and reliability needs of the industry.

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Bank Innovation

JANUARY 28, 2020

The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure and convenient consumer and business access to financial data, this week confirmed that it had added 25 new members in the second half of 2019.

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PYMNTS

NOVEMBER 26, 2020

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

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BankUnderground

APRIL 3, 2025

This post is an example of issues considered under the Prudential Architecture Theme which focuses on the evolving regulatory structures and fresh strategic issues for regulators and supervisors. Loan forbearance features prominently among those interventions by lenders and/or regulators.

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Bank Innovation

APRIL 3, 2020

The Small Business Administration’s Paycheck Protection Program went live today, and confusion reigned. Despite shelter-in-place mandates for better than 80% of Americans, some banks urged prospective borrowers to come into branches to fill out an application.

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PYMNTS

OCTOBER 9, 2020

million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. The crackdown on payday lending has been in the works for years, but nothing concrete has yet disrupted the industry in a way that would benefit consumers. New York City-based FinTech startup Clair has raised $4.5

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PYMNTS

DECEMBER 30, 2019

30) said a lack of regulation in the online SMB lending arena is raising concerns over sky-high fees and interest rates, sparking a bigger conversation about expanding borrower protections beyond consumers. But recent reports in the Wall Street Journal Monday (Dec.

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