Accenture
JUNE 27, 2024
Ella Fitzgerald was one of the first, in the ‘30s, to have a hit with the song ‘Ain’t What You Do, It’s the Way That You Do It’. The fact that legions of musicians have and continue to record it tells me there’s a universal truth there that most people recognize. This is certainly the… The post Five key success factors for commercial banks to scale generative AI appeared first on Accenture Banking Blog.
Payments Dive
JUNE 27, 2024
Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.
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Abrigo
JUNE 27, 2024
How does your AML program detect structured cash transactions? Read this blog to learn the definition of structuring, why it is illegal, and some examples of structuring scenarios that can help banks understand customer behavior and intent. Would you like other articles like this in your inbox? Takeaway 1 When reviewing customer activity for instances of structuring, it is important to look for patterns in behavior as well as an intent to structure.
Payments Dive
JUNE 27, 2024
Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.
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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.
South State Correspondent
JUNE 27, 2024
Because of the option to add or remove deposit balances over time, deposit management is one of the more complicated endeavors in banking. Lending, by comparison, is largely a one dimensional supply vs. demand problem. Building better deposit performance is more complicated. Add a three month CD option for your customers and the duration of your money market accounts can noticeably get reduced.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
JUNE 27, 2024
Leaders that have created virtual "branches" weighed in at American Banker's Digital Banking conference on how to approach implementation and what results have been like.
The Paypers
JUNE 27, 2024
The Algorand Foundation, Archax , abrdn , and Quantoz Payments have announced the launch of the first tokenised money market fund on Algorand.
BankInovation
JUNE 27, 2024
London-based B2B core banking platform XYB named Derek Joyce as its chief executive on May 30. Joyce previously worked at American Express, Klarna, Bread and Alloy and brings 20 years of experience to XYB, according to a company release.
Realwired Appraisal Management Blog
JUNE 27, 2024
I’m not interested in yesterday. It’s done. The biggest enemy to the valuation industry is protecting the status quo. Our valuation industry is at a crossroads. I mean today. The shift has started. Do we continue to hold on to the past or look forward? Accountants are no longer just number-crunchers. They’re strategic advisors.
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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
BankInovation
JUNE 27, 2024
The financial services industry has worked for years to create frictionless payments. Now it may be necessary to add friction back into the mix to combat fraud.
American Banker
JUNE 27, 2024
The Consumer Federation of America and Consumer Reports sent a letter to the Consumer Financial Protection Bureau urging it to require banks to search for less discriminatory models. Later the same day, the CFPB issued a report saying it's doing just that.
BankInovation
JUNE 27, 2024
Evolve Bank & Trust confirmed it was the victim of a cyber attack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management and get approval before entering into any new partnerships. The Russian-linked hacker group LockBit 3.
TheGuardian
JUNE 27, 2024
Green light for merger comes with conditions including ban on closure of Queensland branches for three years Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , free app or daily news podcast ANZ’s hoped-for acquisition of the insurer Suncorp’s banking arm is back on track after the federal treasurer signed off on the deal.
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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.
American Banker
JUNE 27, 2024
The cryptocurrency sector is only the latest in a long line of corporate interests seeking to distort our democracy by converting their financial power into political power.
The Paypers
JUNE 27, 2024
India-based ecommerce company Flipkart has launched its payment app, Super.money, in a bid to broaden its fintech capabilities and enable users to make mobile payments via UPI.
American Banker
JUNE 27, 2024
A landmark ruling by the Supreme Court's conservative majority means that defendants will have the right to a jury trial in cases where bank regulators are seeking civil penalties. The consequences for federal banking agencies are expected to be substantial.
The Paypers
JUNE 27, 2024
A report by Acuiti has shown that investment in cryptocurrency trading surveillance systems is poised to grow under the European Union’s Markets in Crypto Assets Regulation (MiCA).
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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.
American Banker
JUNE 27, 2024
When TD Bank launched an audio brand identity across its communication channels early this year, the new jingle triggered a surprising reaction from consumers using the firm's ATMs.
The Paypers
JUNE 27, 2024
US-based Frost Bank has announced its partnership with Finzly in order to provide FedNow and RTP instant payments to its business clients and customers.
American Banker
JUNE 27, 2024
Large and regional banks again proved their resiliency in the Fed's annual exams. But analysts noted that a few lenders faced some negative surprises — a development that may scuttle investor hopes for share buybacks by those banks.
The Paypers
JUNE 27, 2024
AI-enabled risk decisioning software provider Provenir has announced the launch of a new onboarding fraud solution that aims to safeguard customers from fraudsters.
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
Commercial Lending USA
JUNE 27, 2024
Need help with DSCR loan rates for commercial real estate? Get answers & know the best rates with solid cash flow & expert guidance.
The Paypers
JUNE 27, 2024
Brazil-based financial services platform Nubank has announced that it acquired Hyperplane , a data intelligence startup that creates foundation models for banks.
American Banker
JUNE 27, 2024
But economists seem to differ on what the latest movement in mortgage rates means for the summer home sales business.
The Paypers
JUNE 27, 2024
Payments platform Ecommpay has announced its partnership with BigCommerce in order to offer an optimised payment ecosystem built for conversion and growth.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
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