Perficient

FEBRUARY 2, 2023

In 2023, we expect to see this response exaggerated and heightened. One example of this effort, which we expect to see more of in 2023, is biometric payments. In 2023, we anticipate that more and more vendors will hop on the Instagram Shopping train. Here are some of the biggest payment trends we’re forecasting for the new year.

Industry 471

Industry Trends social media Payments 471

Perficient

AUGUST 4, 2023

The Digital Transformation Services Landscape, Q3 2023 Report The recently published Forrester report defines digital transformation services as “Service providers that enable companies to leverage modern technology, practices, and ecosystems to deliver new sources of value and continuously improve business outcomes.”

Digital Strategies 419

Digital Strategies Strategy Report Customer Experience 419

Abrigo

DECEMBER 29, 2023

Takeaway 2 Readers in 2023 were most interested in learning how the 1071 rule will impact banks and credit unions and about how automation improves processes. Concerns about credit risk have been in the headlines often in 2023, and financial institutions across the U.S. Papers, checklists What were lending and credit risk pros reading?

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

APRIL 24, 2023

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. High loan balances Construction loans continue to rise The fourth quarter of 2022 and the first of 2023 saw a continued rise in construction loan balances. This surge was a 5.3%

Trends 195

Trends Lending Risk Management Arkansas 195

South State Correspondent

JANUARY 20, 2023

ROE Targets Moved up in 2023 As was the theme for most of 2022, the target risk-adjusted return on equity increased from 15% at the start of 2022 to 24% at the beginning of 2023. Hopefully, this will correct itself in 2023. The post 1Q 2023 Loan Pricing Update appeared first on SouthState Correspondent Division.

Lending 195

Lending Community Bank Community Data 195

Gonzobanker

DECEMBER 14, 2023

While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units. He passed away in January 2023. The Worst Day of the Year Award – goes to May 1, 2023, when First Republic Bank failed. What a year.

Fintech 190

Fintech Community Regional Technology 190

Abrigo

DECEMBER 28, 2023

Takeaway 2 Readers in 2023 were most interested in getting information about preparing for exams, learning about stress testing, and seeing how peers manage loan review. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

Resources 221

Resources Risk Management eBook Strategy 221

Perficient

FEBRUARY 22, 2023

Contact one of our financial services industry and automation experts here , or connect with us at the Bank Automation Summit coming up in Charlotte, North Carolina on March 2, 2023.

Trends 474

Trends North Carolina Customer Experience Charlotte 474

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Takeaway 2 In 2023, KYC should both strengthen your AML program and personalize services to support clients' individuality and value.

Compliance 195

Compliance Community Training System 195

BankUnderground

DECEMBER 21, 2023

Rebecca Freeman As another year draws to an end and the blog prepares for some downtime over the festive period, we wanted to take a look back at the blog in 2023. How UK housing preferences shifted during the pandemic We hope you enjoyed the blog in 2023. Happy New Year and we look forward to you reading our posts in 2024!

Management 133

Management Marketing Policies 133

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. No fraud decrease likely for 2023. Current economic indicators do not bode well for fraud stabilization in 2023.

Trends 195

Trends Fraud cryptocurrency Software 195

Abrigo

MARCH 31, 2023

You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns. Some credit unions discussed the expected effects of CECL adoption in 2023 in a separate section of their plans.

Risk Management 195

Risk Management Policies Capital Maine 195

Accenture

JUNE 1, 2023

Everyone I know is… The post Discover 3 top trends for Specialty Finance in 2023 appeared first on Accenture Banking Blog.

Trends 195

Trends Tools Online Technology 195

ABA Community Banking

NOVEMBER 12, 2024

households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households, which also explored bank account access trends and cryptocurrency adoption. The post FDIC: Percentage of unbanked households dropped slightly in 2023 appeared first on ABA Banking Journal. Roughly 4.2%

FDIC 52

FDIC Survey cryptocurrency National 52

South State Correspondent

JANUARY 18, 2023

However, in 2023, loan prepayment provisions will be essential tools for commercial banks. The post Why Prepayment Penalties Matter in 2023 appeared first on SouthState Correspondent Division. Prepayment penalties on loans always drive value.

Community Bank 195

Community Bank Examples Community How To 195

CFPB Monitor

NOVEMBER 30, 2022

The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limits for residential mortgage loans acquired by Fannie Mae and Freddie Mac in 2023. The standard loan limit for a one-unit home increased from $647,200 in 2022 to $726,200 for 2023. Fannie Mae addresses the limits in Lender Letter 2022-06.

Virgin Islands 148

Virgin Islands Guam Alaska Hawaii 148

Abrigo

FEBRUARY 10, 2023

Now that FinCEN is tasked with developing a federal beneficial ownership registry, financial institutions can expect more rulemaking around BOI in 2023. Recap and forecast Beneficial ownership registry rule The following two rules regarding the beneficial ownership registry were published in 2022, and a third is planned for 2023.

Fraud 195

Fraud Training Regulation Compliance 195

Accenture

SEPTEMBER 15, 2023

The new standard successfully launched globally in March 2023 with SWIFT CBPR+, and on the European Market Infrastructures of T2 (March 2023), Euro 1 (March 2023) and CHAPS RTGS (June 2023). The years-long ISO 20022 journey has achieved a major milestone this year: it is now being used for cross-border payments.

Compliance 528

Compliance Data Marketing Payments 528

ATM Marketplace

NOVEMBER 16, 2023

Download this report to learn more about ATM and self-service trends in 2023. We are at the cusp of a self-service revolution where market players are required to be more efficient, innovative and customer-centric than ever before.

ATM 122

ATM Trends Software Innovation 122

Payments Dive

JANUARY 10, 2023

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

Trends 501

Trends Payments Industry 501

CFPB Monitor

DECEMBER 5, 2022

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). 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.

Virgin Islands 147

Virgin Islands Guam Alaska Hawaii 147

BankUnderground

FEBRUARY 7, 2024

We find that the vast majority of borrowers who came to the end of their fixed terms in 2023 faced new mortgage rates which were lower than those they had been ‘stressed’ at. We find that this ‘headroom’ would remain for the majority of borrowers even at the peak level mortgage rates reached in 2023.

Analysis 121

Analysis Policies Data Marketing 121

CFPB Monitor

DECEMBER 11, 2023

The Federal Trade Commission has released its Fall 2023 rulemaking agenda as part of the Fall 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions. The majority of the rulemakings listed in the agenda are being conducted as part of the FTC’s systematic review of all of its regulations and guidelines on a rotating basis.

Guidelines 78

Guidelines Regulation 78

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. 1, and applicable to the first quarterly assessment period of 2023 with an invoice payment date of June 30, 2023. Finalization is expected as early as 2023. Quick Stat.

Compliance 100

Compliance FDIC Community Bank Community 100

ATM Marketplace

JANUARY 10, 2023

We have now entered into 2023, and it's time to look ahead to see what's on the horizon for branches, self-service and overall banking trends this year.

Banking Trends 111

Banking Trends Trends 111

FICO

FEBRUARY 27, 2023

Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! In 2023, we have 15 winners across 10 award categories representing companies from every corner of the globe. There was plenty of creativity and moxy in the approaches, business models and technologies deployed by the class of 2023.

Meeting 98

Meeting social media Management Analytics 98

Independent Banker

DECEMBER 31, 2022

Stevens’ novel, The Lies About Truth , that captures our ethos heading into 2023: “If nothing changes, nothing changes. I believe 2023 will continue our industry’s forward momentum as our members position themselves to be the agents of change that find and champion new opportunities. You want change, make some.”

Innovation 103

Innovation Trends Community Bank Community 103

Jack Henry

DECEMBER 7, 2023

Discover the impact of Jack Henry™ Connect 2023: Building relationships in banking tech, fostering trust, collaboration, and empowerment.

Innovation 88

Innovation Technology 88

CFPB Monitor

JANUARY 4, 2024

The CFPB recently announced that the platform for the submission of Home Mortgage Disclosure Act (HMDA) data collected in 2023 is now available for the submission of the data. HMDA data for 2023 must be submitted on or before March 1, 2024. The platform may be accessed here.

Data 78

Data 78

The Paypers

SEPTEMBER 10, 2024

A new FBI report has shown that, in 2023, reported losses from cryptocurrency-related fraud exceeded USD 5.6 billion, marking a 45% increase from the previous year.

cryptocurrency 73

cryptocurrency Fraud Report 73