How Data Analytics is Transforming the CPA Profession

Understand today’s prevalent digital payment systems and emerging fraud tactics targeting them. Explore techniques CPAs use for fraud detection and best practices to protect clients as payment technologies and risks evolve.

Efficient Loan Origination: Fueling Community Bank Growth

Understand today’s prevalent digital payment systems and emerging fraud tactics targeting them. Explore techniques CPAs use for fraud detection and best practices to protect clients as payment technologies and risks evolve.

LendTech Collective 

Monthly Newsletter | July 2023 (Edition:126)

In this edition:

 
  • In this edition, we delve into the importance of Unlocking Seamless Onboarding and Tackling Compliance Hurdles.
  • Stay up-to-date with the latest news in the banking & lending sector.
  • Explore our coverage of the latest technological developments driving the FS industry.
 
digital onboarding

Must Read: Unveiling the Top 5 Compliance Challenges for the Financial Services Industry

 

In the ever-evolving landscape of the lending industry, compliance has emerged as a vital cornerstone for success. With its complex regulatory framework and stringent requirements, the financial services sector emphasizes maintaining compliance standards. In this article, we delve into the top compliance challenges facing the financial services industry, shedding light on the importance of compliance and its profound impact on the lending landscape. 

 

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What’s Making Headlines

Japanese financial powerhouses pursue US investment banking opportunities 

Executives say that Japan’s top lenders aim to carve out a larger presence in U.S. investment banking as they look to better use their massive balance sheets by winning a bigger slice of deals. 

Recession fears overshadow Credit Unions’ strength in auto loans

The concerns about a recession negatively impact the perception of credit unions’ strength in the auto loan market. Despite credit unions historically being a reliable and competitive source for auto financing, the fear of an economic downturn has led to increased caution among borrowers.

Biden proposes new student-loan measures after court defeat

Following a court defeat, President Biden has put forward new proposals aimed at addressing the challenges surrounding the student loan. The new proposal may include options such as expanded loan forgiveness programs, income-driven repayment plans, and enhanced borrower protections 

Tech Talk

EU and Japan seek collaboration on AI and chips amid China’s ‘de-risking’ efforts

 

The EU is looking to “de-risk” from China, and part of that strategy involves deepening the relationship with allied countries around technology.

Avaloq chosen by Capital Union Bank for new online banking platform

 

Capital Union Bank, based in the Bahamas, has chosen Avaloq’s Web Banking solution as the driving force behind its upcoming online banking platform. The bank is also planning to enhance its core banking system through collaborative innovation with Avaloq, incorporating new modules and features.

Plaid Beacon introducing real-time fraud prevention solution

  

Plaid has announced the launch of Plaid Beacon. This anti-fraud network enables real-time, secure data sharing across the ecosystem to mitigate repeat fraud against businesses for fintech and banks via API (Application Programming Interface). 

For any feedback, suggestions, or questions, feel free to write to us at: editors@insightconsultants.online.

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Lending Made Easy

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How data can be used effectively to reshape lending?

Lending is one area where data is providing the most revolutionary changes. Lenders are increasingly using data to aid the loan origination process, both for current customers and non-customer prospects. At most lending firms and credit unions, loan officers can electronically pull up customer information including any product history with the institution before approaching a… Continue reading How data can be used effectively to reshape lending?

A solution for retail banking – Loan origination software

The business of loans has undergone significant change owing to the financial crisis and emergence of non-banking entities paving way for people’s money reaching borrowers at a much lower cost and with lesser hassles. Advancing technology and changing customer preferences are driving significant changes in Banking interactions. Banks need to continuously adapt and increasingly adopt… Continue reading A solution for retail banking – Loan origination software

Need for automation in Loan Origination System

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CreditCore, a compliance-ensuring Loan Origination Software – Case Study

Successful  development of a compliance-ensuring  Loan Origination Software ‘CreditCore’, for client 3530 Technologies, to maintain a competitive advantage in the fast-moving corporate loan market. DOWNLOAD THIS CASE STUDY   Client Overview 3530 Technologies is a financial institution headquartered in Texas, United States provides integrated technological solutions and services to banks and financial institutions across US.… Continue reading CreditCore, a compliance-ensuring Loan Origination Software – Case Study

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