William Mills

MAY 14, 2024

In a constantly evolving world and financial landscape, understanding today’s trends will guide future decision making and allow banks and credit unions to prepare their financial institution for the future.

Report 89

Report Trends Fraud Lending 89

Gonzobanker

MAY 23, 2024

Every financial institution needs to get real, tangible returns on every technology investment it makes, and core systems are a critical piece in increasing or hurting these returns. In recent years, the industry and trade media have tended to glamorize “next-generation core systems” as some magic tonic to technology transformation.

System 131

System social media Technology Training 131

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Strategy 124

Strategy Lending Knowledge Base Tools 124

Abrigo

OCTOBER 14, 2022

With government stimulus money to help get customers through the pandemic dwindling, Paula King, Senior Advisor for Abrigo, anticipates lenders will be dealing with more loan workouts toward the beginning of 2024 and continuing to increase from there. Lending & Credit Risk. Fraud Prevention. Lending & Credit Risk.

Risk Management 195

Risk Management Management Policies Lending 195

Jeff For Banks

APRIL 4, 2024

Such as direct lending funds, and insurance companies. Technology Advancement and Generative Artificial Intelligence In the third quarter of 2023, the total operating expense to operate a branch was 47% direct cost: branch salaries and benefits, lease expense, etc. Technology offers opportunities to do just that.

Banking Trends 111

Banking Trends Trends Millennials Oregon 111

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Innovation 15

Innovation Fintech Online Mobile 15

South State Correspondent

JUNE 27, 2023

For example, ISO 20022 provides a set of messages (you can download HERE ) to handle ATM transactions, fraud, account names, and time periods. As technology and business practices evolve, the standard can be updated to accommodate these changes. This creates a standard set of business “objects” that are specific to banking.

System 195

System Data Examples Payments 195

PYMNTS

OCTOBER 11, 2019

Max Levchin On The Future-Present Of Everywhere POS Lending. Consumers have noticed the rising levels of fraud in digital banking, while fraudsters are relying on technologies such as machine learning (ML) and artificial intelligence (AI). Inside Synchrony Financials’ AML Playbook (Feedzai Digital Banking Tracker).

Cards 116

Cards Online Houston Digital Banking 116

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194

Fintech Community Regional Technology 194

FICO

JANUARY 5, 2023

While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives. Some BNPL firms already are providing disclosures mandated by the Truth-in-Lending Act. focused on AI principles and standards.

Policies 52

Policies Company Regulation Risk Management 52