Perficient
NOVEMBER 8, 2021
Bo Berg is a director in Perficient’s financial services practice. He has more than 20 years of experience leading digital transformation initiatives for financial institutions. Bo Berg joins Eugene Sefanov and Madeline McDermott for a Microsoft Teams chat . Denmark, Dogs, & DJing. Madeline McDermott: First things first. Where were you born? Bo Berg: Copenhagen.
Accenture
NOVEMBER 7, 2021
The Efma-Accenture Banking Innovation Awards are set to return on November 18th for a virtual celebration of banking’s best and brightest. With a record 816 innovations submitted by 275 institutions in 73 countries, I’m excited to see what this year has in store. A lot has happened since the 2019 awards—and I know that’s an…. The post Will these innovation trends shape banking’s future?
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Independent Banker
NOVEMBER 30, 2021
State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. Photo: R.J. Hinkle. Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges.
Banking Exchange
NOVEMBER 22, 2021
OCC, Board, FDIC will require banks to report incidents within 36 hours Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Core Systems Risk Management Technology Feature Feature3.
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Jack Henry
NOVEMBER 26, 2021
Global IT spending in the banking sector during 2021 is estimated to be nearly $300B. Banking and securities lead all industry sectors in terms of average IT spending as a percentage of revenue, at nearly 8%, according to a 2018 Deloitte study. And, that was before the pandemic drove institutions to accommodate remote servicing demands in 2020 and 2021.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
NOVEMBER 12, 2021
Some emails between ex-Barclays boss and Epstein used unexplained phrases such as ‘snow white’, FT reports The former Barclays chief executive Jes Staley reportedly exchanged 1,200 emails with disgraced financier and sex offender Jeffrey Epstein over four years, some of which featured unexplained terms such as “snow white”. The report detailing the cache of emails comes less than two weeks after Staley resigned from Barclays after being shown the preliminary conclusions of a regulatory investiga
Accenture
NOVEMBER 14, 2021
In a post-COVID world we have seen dramatic changes in the way customers pay, from the further shift towards a cashless society to a digital revolution in e-commerce payments. As we look forward, we see these trends accelerating and new payments rails emerging. Market context Based on Accenture’s proprietary Global Payments Revenue forecasts, APAC is expected to see the strongest payment growth at….
BankUnderground
NOVEMBER 16, 2021
John Lewis. Increased working from home (WFH) for public health reasons during the pandemic has spawned a debate about whether this shift might become permanent. In this post, I try to sketch out some of the (macro) economics of a longer-run post-pandemic shift towards more WFH. I argue that: i) on consumption, it won’t affect aggregate expenditure, it will just reallocate it across space and sectors ii) in property markets, effects hinge on supply responses; iii) for output, cost-savings to fir
FICO
NOVEMBER 15, 2021
This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Fraud is a big burden for such organizations but there are of course other victims – people just like you and me. Their lives can be turned upside down and their finances ruined when they become victims of clever scam artists.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
Jack Henry
NOVEMBER 12, 2021
Payments fraud impacted 82% of financial institutions last year. And it’s inevitable, pervasive, and growing with every payment channel threatened by unique, ingenious, and constantly evolving schemes. So, if you’re among the 88% of financial institutions that confirmed (during a recent Accenture survey) you have multi-year payment transformation plans, fraud mitigation should be a cornerstone of your payments partner due diligence.
SWBC's LenderHub
NOVEMBER 16, 2021
“After all, we are not communists” – Don Emilio Barzini, The Godfather Part One. As we enter the most confusing investing chapter in The Great Pandemic, I’ve been thinking a lot about what are some good, or maybe even great, investments to take advantage of the current dislocations as well as the ones to come. I have been thinking of this since a strange thing happened to copper on the London Metals Exchange (LME) back in the month of October.
TheGuardian
NOVEMBER 2, 2021
Financing in lead up to Cop26 largest of all major UK banks, finds campaigners Barclays has financed more in fossil fuel projects than any of the UK’s largest banks in the months leading up to the Cop26 climate talks in Glasgow, according to a report by climate finance campaigners. The bank financed $5.6bn (£4.1bn) for new fossil fuel projects from January 2021 to the eve of the UN climate summit, Market Forces found, despite growing international warnings that any new fossil developments would
Accenture
NOVEMBER 22, 2021
In this series we’ve taken a close look at the business case for embracing purpose in banking. In short, there’s compelling evidence that focusing on customer wellbeing can catalyze growth and digital transformation. Embracing purpose is more than a PR move. It is a powerful opportunity—and a formidable challenge. Today we’re going to unpack four of the….
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
BankInovation
NOVEMBER 29, 2021
As interest and investment in cryptocurrency spikes this year, banks and financial institutions (FIs) must decide whether and how to become involved, or potentially lose revenue and customers if they opt out. This is the message from Lawrence Pruss, senior vice president at Memphis, Tenn.-based Strategic Resource Management (SRM) in this episode of "The Buzz" […].
MerhantsBanks
NOVEMBER 18, 2021
Lucas Stangl has earned the Accredited Automated Clearing House Professional (AAP) designation according to Kerri Bronk, Vice President/Senior Operations/eChannel Officer for Merchants Bank. “We strive to be a resource for our customers and Lucas becoming an AAP exemplifies our commitment to being a true financial partner. Automated Clearing House payments can be complicated so having […].
ABA Community Banking
NOVEMBER 5, 2021
How one community bank has added directors as its business complexity increased. The post Growing into Growth appeared first on ABA Banking Journal.
SWBC's LenderHub
NOVEMBER 15, 2021
Last Week. The week began with the continued unwinding of the massive, long-dated Treasury short positions that have roiled the markets and, in large part, caused the 10-year to revisit technical lows in yields, getting as low as 1.41% on Tuesday. Then, October CPI came on Wednesday, and the market went from student body right to student body left. The CPI rose more than expected and was the highest reading in over 30 years.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
TheGuardian
NOVEMBER 1, 2021
Executive plans to challenge findings of FCA inquiry and will be replaced by head of global markets Venkat Barclays chief executive Jes Staley is stepping down after an investigation by the City watchdog over his links to the sex offender and disgraced financier Jeffrey Epstein. The bank said its board reached an agreement over Staley’s resignation after being notified on Friday of the preliminary conclusions in an investigation by the Financial Conduct Authority (FCA) and the Prudential Regulat
ATM Marketplace
NOVEMBER 19, 2021
Where are ATMs right now and where are they headed? Read more to find out.
BankInovation
NOVEMBER 29, 2021
The Federal Deposit Insurance Commission (FDIC) recently made available the demos of its first FDITECH Sprint, a contest held in September that focused on reaching unbanked customers via fintech solutions. The winning ideas included those that leverage technology to provide loans to small businesses in underserved communities; offer savings accounts and financial education for minority […].
MerhantsBanks
NOVEMBER 5, 2021
Jennifer Welch and Dave Pierret have been named Co-Chairs for Merchants Bank’s 2021 10 Days of Giving food drive, which runs December 1-10. The effort, which benefits food shelf programs operated by Winona Volunteer Services (WVS), will be celebrating its 33rd year. To date, more than 4 million pounds of food have been collected. Last […].
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
CB Insights
NOVEMBER 2, 2021
Following a record-breaking Q2, global blockchain/crypto venture funding continued to climb to new highs in Q3’21. In our State Of Blockchain Q3’21 Report, we dig into global investment trends to spotlight takeaways including: A record-shattering year for blockchain/crypto financing, already up 384% vs. 2020. Top equity deals of the quarter, including 6 of the top 10 raised outside the US.
The Paypers
NOVEMBER 24, 2021
Netherlands-headquartered online remittance service Azimo and Trustly , an open banking payment provider have partnered to meet demands for cross-border payments in Europe.
TheGuardian
NOVEMBER 16, 2021
Investment bank says it lost millions because of tweets by Elon Musk that he might take electric carmaker private JPMorgan has sued Tesla for $162.2m, accusing Elon Musk’s electric car company of “flagrantly” breaching a 2014 contract relating to stock trading options that Tesla sold to the bank. The options, or warrants, give the holder the right to buy a company’s stock at a set “strike” price and date.
The Emmerich Group
NOVEMBER 18, 2021
What are your customers saying about you? Do they have brand awareness? Or do they have brand insistence? You see, the degree to which you create a customer relationship with every customer at your bank is the degree to which you become their only banker that’s necessary. Now those words are easier said than done. Continue Reading. The post Improve Your Bank-Customer Relationship appeared first on Roxanne Emmerich.
Advertiser: Trellis
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