May, 2021

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Managing Financial Risk in a Post-Pandemic Environment

Abrigo

Align inputs, outputs, and teams for risk optimization. How can financial risk models within the bank or credit union benefit from using the same sheet music? Check out this webinar on Enterprise Risk Management. WATCH ON-DEMAND. Takeaway 1 Enterprise Risk Management is a priority for financial institution leaders but still maturing. Takeaway 2 Key assumptions from financial models can and should be reused for better, performant risk assessments.

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How to Build Future-Ready, Intelligent Operations That Drive Customer Experience and Faster Growth

Accenture

In my first blog on the future of banking operations in a post COVID-19 world, I examined why banks must reduce their operational costs dramatically just to stand still. In this follow-up post, I zero in on how to achieve the scale of cost reduction required – while also building the intelligent, growth-enhancing operations function….

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Perficient to Present at Fintech Generations 2021

Perficient

Perficient is excited to announce that Fintech Generations 2021 , a global fintech thought leadership event that takes place June 7-11, will feature Scott Albahary, chief strategist, financial services. In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses.

Fintech 462
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Cities work to bring fintech to underserved communities

Payments Source

Community 211
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Bank of America, Wells Fargo Hit Minority Investment Targets

Banking Exchange

The banking giants have fulfilled pledges made last year to boost investment in minority-owned banks and businesses Retail Banking Duties Lines of Business Feature Business Credit Financial Trends Feature3 Fair Lending Diversity Socially Responsible Investing.

America 167

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Lenders’ Obstacles: Many Manual Processes Despite Digital Pushes

Abrigo

Data Entry, Documents Vex Busy Lenders in 2021 If your institution adopted more digital processes this year, you're not alone. But many lenders continue to rely on manual processes . You might also like this webinar on the findings of Abrigo's 2021 Business Lending Process Survey. WATCH. Takeaway 1 Digital pushes in financial services are widely reported, but Abrigo's Business Lending Process Survey found many manual processes.

Lending 195
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A clear-eyed approach to the data dilemma in sustainable banking

Accenture

In my last blog post, I outlined the challenges and opportunities ahead for sustainable banking. With this post, I’m joined by my colleague Prithika Priyanshi, Senior Principal from the Center for Data & Insights at Accenture, who specializes in AI-powered sustainability. Just as digital did ten years ago, sustainability now impacts every part of the….

Data 383
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Are You Losing Good-Credit Customers to Suboptimal Debt Collection Practices?

Perficient

2020 had a significant impact on families from many perspectives. Consumers who worked extremely hard to achieve coveted top credit scores were caught off guard and ended up having to rely on their savings to stay in good standings with banks and creditors. Unfortunately, no one could predict how long the impact would last, and therefore those consumers fell into delinquency.

Analytics 436
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Fintechs and crypto pose a creative threat to traditional banking

Payments Source

Fintech 210
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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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How Banks Can Support Small Businesses After COVID-19

Banking Exchange

The pandemic has had a profound effect on small businesses – but the post-pandemic rebirth is rife with opportunity Community Banking Feature3 Feature PPP Covid19 Bank Performance The Economy.

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Ballard Spahr’s Consumer Financial Services Group again receives highest national ranking from Chambers USA

CFPB Monitor

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. The Group was ranked in the highest tier nationally in Compliance and Litigation, the two categories previously used by Chambers USA for Financial Services Regulation: Consumer Finance.

National 148
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Assessing Global Cash Flow Post Pandemic

Abrigo

The What, When, and How of Global Cash Flow While many institutions have already implemented global cash flow, are they using it effectively in the post-pandemic world? You might also like this webinar on assessing global cash flow. WATCH. Takeaway 1 Global cash flow can provide a more holistic lending picture as lending decisions have become more complex.

Analysis 195
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Five reasons the cloud is a generational opportunity for payments right now

Accenture

The power of the cloud shouldn’t be news for any leader in payments today. Whether public, private, or hybrid, the cloud’s capabilities are widely known and beyond dispute. But cloud transformation is newly urgent. Accenture research has found that modernizing payments is a $300 billion opportunity, with 2.7 trillion cash transactions forecast to move to….

Payments 370
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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Federal Reserve and Other Banking Agencies Extend Comment Period for Artificial Intelligence

Perficient

Perficient highlighted in a blog more than a month ago that the five federal financial institution agencies – Board of Governors of the Federal Reserve System (The Fed). Consumer Financial Protection Bureau (CPFB). Federal Deposit Insurance Corporation (FDIC. National Credit Union Administration (NCUA). Office of the Comptroller of the Currency (OCC). were seeking public comment to understand the public’s views on the use of AI by financial institutions in their provision of services to cu

FDIC 365
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MoneyGram braces as Western Union joins it under Walmart's roof

Payments Source

Retail 208
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Market Commentary: Week of May 10, 2021

SWBC's LenderHub

Last Week: In an action-packed week, the equity markets continued the big equity rotation trade where the high-flying “Big Tech” and “Fintech Disrupter” stocks lost more ground to value stocks, such as banks. A good example of the activity could be found in two Exchange Traded Funds. Cathy Wood’s Ark Innovation (ticker: ARKK) fell 9% week-over-week, while Invesco’s ETF that tracks the KBW Bank Index (ticker: KBWB) advanced 4%, setting a new all-time high on Friday.

Marketing 148
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Memorial Day: Remember Maurice "Maury" Hukill

Jeff For Banks

In 1975, a bloody civil war erupted in the country of Lebanon between Palestinian and other Muslim guerrillas and Christian groups. During the ensuing years, Syrian, Israeli and United Nations interventions failed to resolve the factional fighting and the resulting instability and bloodshed. In August, 1982, a multinational force, including 800 U.S.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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What Basic Functions Should My Loan Origination System (LOS) Perform?

Abrigo

Features of a Commercial LOS What basic functions should a loan origination system complete? What should an LOS vendor provide? . You might also like this Aite Group report on LOS vendors. DOWNLOAD. Takeaway 1 Know the features and functions of a loan origination system (LOS) if your financial institution is shopping for one or upgrading. Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing.

System 195
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Introducing The Altimeter, an inside guide to banking in the cloud

Accenture

As the Covid-19 pandemic abates in much of the world, banks are doubling down on their efforts to embrace banking in the cloud. The pandemic highlighted the relative ease and flexibility of moving to the cloud, and of accomplishing things never before imagined. For example, banks created virtual call centers in days—an impossible mission for…. The post Introducing The Altimeter, an inside guide to banking in the cloud appeared first on Accenture Banking Blog.

Examples 367
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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Working in a global digital consultancy, our colleagues thrive on our challenging, fast-paced projects. And over the past twelve weeks, the students in Perficient’s Bright Paths program surely know a thing or two about fast-paced project execution! Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact.

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The Most Influential Women in Payments: Next

Payments Source

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Pandemic Puts Branch-Based Bank Jobs at Risk

Banking Exchange

Wells Fargo analyst warns that 200,000 jobs could be lost as digitization and branch consolidation trends bite The Economy Technology Financial Trends Feature3 Feature Fintech.

Trends 147
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Quantifying culture and its implications for bank riskiness

BankUnderground

Joel Suss, David Bholat, Alex Gillespie and Tom Reader. ‘Bad cultures’ at banks are often blamed for scandals and crises, from the global financial crisis to the mis-selling of payment protection insurance (PPI) in the UK. Yet surprisingly little research has tested this claim. This is because quantifying culture is difficult to do. Our working paper gives it a go.

Survey 145
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Quantum computer: The 'coronavirus' of cryptography

ATM Marketplace

Jurjen Bos is the cryptographer and corporate information security advisor for equensWorldline. He deals with determining risk, specializing in IT security and cryptography, which is a branch of mathematics. Bos shares his thoughts on the arrival of quantum computers and how this event can be a potential game changer for the payments marketplace.

Security 143
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Three innovative solutions shaping the future of the banking industry

Accenture

The Efma-Accenture Banking Innovation Awards are always a highlight of the year for me—and 2021 promises to be one of the most exciting competitions yet. As my colleague Alan McIntyre mentioned earlier this year, “Banks in 2020 were forced to make years’ worth of technology and business model changes in a matter of months.” So,…. The post Three innovative solutions shaping the future of the banking industry appeared first on Accenture Banking Blog.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.