Fri.Aug 02, 2024

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Key disruptions shaping the future of lending

Accenture

As you start strategic planning this August, consider this: automated, data-driven lending is no longer a future vision—it’s happening now. In our Commercial Banking Top Trends for 2024, we spotlight this critical trend shaping the industry’s future. This three-part blog series looks at the future of lending, reflecting on industry experiences and providing insights into… The post Key disruptions shaping the future of lending appeared first on Accenture Banking Blog.

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Perficient Included In Forrester’s Modern Application Development Services Landscape, Q3 2024

Perficient

Imagine a world where your business can effortlessly keep pace with technological advancements and continuously changing customer expectations. The ability to swiftly develop new technology products and applications is crucial to staying competitive. However, relying solely on in-house development capabilities is not always feasible for many organizations.

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Outdated tech could slow instant payment adoption: survey

Payments Dive

Financial institutions expect business clients to be a driver of instant payment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.

Survey 397
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How to use financial education as a marketing tool

ATM Marketplace

A panel entitled "Using Financial Education as a Marketing, Engagement Tool" at the Bank Customer Experience Summit held in Charlotte from Sept. 9 to 11 will address this topic in detail.

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Back to Basics with Reconciliations

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.

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Credit Card Competition proposal should become law

Payments Dive

“In the aftermath of the CrowdStrike outage, Congress and state lawmakers should look for opportunities to build backups and redundancies into critical online systems,” writes a payments consultant.

Cards 369

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U.S. Bank readies AI-driven cash forecasting tool

BankInovation

U.S. Bank is developing AI-driven solutions for its business clients, with its latest efforts targeting the launch of an AI-driven cash-forecasting tool. Major financial institutions like Bank of America, Citizens Bank and PNC Bank have already deployed cash-forecasting solutions.

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People's Clearinghouse partners with Interledger Foundation

The Paypers

People’s Clearinghouse has announced its partnership with the Interledger Foundation in order to launch a digital cross-border payment infrastructure project.

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Inside Cambridge Savings Bank’s 3-year digital roadmap

BankInovation

Cambridge Savings Bank is executing a three-year digital roadmap with automation, client experience and modern platforms at the forefront of the effort. “Our mandate is digitize everything right now as much as we can,” Chief Operating Officer Kevin McGuire told Bank Automation News. As the Cambridge, Mass.

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Banks are regulated like utilities. We desperately need a new model.

American Banker

While banks are trying to advance, regulators are lagging, with outdated rules failing to address today's technological and digital asset realities. It's time for a new paradigm in banking regulation.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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PSR addresses APP scams in new report

The Paypers

The Payment Systems Regulator (PSR) has published its latest report on the performance of payment firms in addressing Authorised Push Payment (APP) scams for the year 2023.

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Treasury, banking groups band together to fight cyberattacks

American Banker

The federal Project Fortress initiative provides defensive tools for banks. Community-banking groups and regulators' associations say small banks in particular need the free and accessible help.

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The ECB and EBA report reveals EUR 4.3 billion in fraud payments

The Paypers

The European Central Bank (ECB) and the European Banking Authority (EBA) have published a collaborative report on payment fraud data.

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JPMorgan says it will challenge CFPB over Zelle enforcement

American Banker

The bank doubled down on promises to use legal action if the Consumer Financial Protection Bureau brings an enforcement action against it related to fraud on the Zelle platform, saying in a statement that it would "not hesitate to seek assistance from courts.

Fraud 73
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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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Finastra partners with Tech Mahindra

The Paypers

Finastra has announced its partnership with Tech Mahindra in order to accelerate the process of digital development for corporate banks and financial institutions.

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Can banks take advantage of the prepaid card boom?

American Banker

The payment option has grown beyond underbanked consumers. For issuers, a $1 trillion market is at stake.

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PayPoint announces Love2Shop distribution with InComm Payments

The Paypers

PayPoint has announced a new distribution partnership with InComm Payments to expand Love2shop gift card availability, further strengthening their long-standing relationship.

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The unexpected tools that could fix bank-fintech regulation

American Banker

Industry participants say more direct communication between fintechs and federal regulators could help avoid bad outcomes. Some underused legal tools could help bridge the gap.

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It Takes Two to Tango

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.

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UK Law Commission calls for new legal category for digital assets

The Paypers

The UK Law Commission has released a report in which it proposes legal reforms to better protect the unique features of digital assets.

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Financial regulators request comment on data standards plan

American Banker

Nine federal regulatory agencies are requesting comment on a rule that would create data standards for supervisory information collected and submitted to financial regulators.

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Commvault Cloud partners with Microsoft 365 Backup Storage Delivers Choice

The Paypers

Commvault Cloud has announced its partnership with Microsoft 365 Backup Storage Delivers Choice in order to optimise the cyber resilience and recovery of clients.

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SBA aims to streamline working capital offerings with pilot program

American Banker

The agency admitted navigating the different rules and regulations involved in its four existing lines of credit proved time consuming and confusing and kept some lenders from offering them altogether.

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The 2024 Lenders Guide to Automating the Complex Loan

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.

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PAYSTRAX partners with Featurespace

The Paypers

PAYSTRAX has announced its partnership with Featurespace in order to tackle fraud across Europe and provide customers with optimised fraud prevention technology.

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Optus Bank's new president, DesignRush lists top digital growth states

American Banker

South Carolina's Optus Bank appoints Benita Lefft its new president; B2B marketplace DesignRush releases its hottest states for digital business growth; Morgan Stanley announces Ellen Zentner's newly created team within the bank's investment wing; and more in the weekly banking news roundup.

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tbi bank partners with Mi-home.ro

The Paypers

tbi bank, a challenger bank in Southeast Europe, has partnered with Mi-home.ro, Xiaomi Romania's official online store, to offer flexible financing solutions.

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Democrats push stronger consumer protections for Zelle-related fraud

American Banker

A bill from Sens. Richard Blumenthal, D-Conn., and Elizabeth Warren, D-Mass., and companion House legislation from Rep. Maxine Waters, D-Calif.

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Confronting the Change Challenge

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.