Payments Dive
MARCH 16, 2022
Each generation has approached credit differently; Gen Z is no exception. As they turn toward credit cards, industry analysts say these consumers are likely to keep card companies on their toes.
Accenture
MARCH 14, 2022
It’s important but not critical. That’s been the dominant narrative around sustainability. Until now, that is. There seems to be a definite shift to changing this narrative, a shift that could be worth trillions of dollars to the banking industry. In 2007, Google famously became the first major company to be carbon neutral. According to…. The post Shift to green could be worth trillions for banks appeared first on Accenture Banking Blog.
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Perficient
MARCH 10, 2022
Acquia recently announced the winners of its 2021 Partner Awards. We’re delighted to share that Perficient received the Outstanding Partner Contribution award for our outstanding performance in Drupal Cloud for 2021. We’re one of Acquia’s first Certified Drupal Cloud Practices and a valued Acquia partner since 2017. Throughout that time, our Acquia practice has demonstrated consistent expertise with Acquia products and cloud hosting services.
Independent Banker
MARCH 31, 2022
Photos by Chris Williams. From credit union overreach to onerous overregulation, the 2022/23 ICBA board of directors has plenty on its to-do list. Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking.
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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.
Jack Henry
MARCH 25, 2022
“Should you treat all of your customers or members the same way?”. I was listening in on a training session for tellers and customer service representatives when the trainer tossed that very question out to the attendees, sparking a lively discussion. “Yes,” came the instant reply. “All of our accountholders deserve top-notch service.”.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 11, 2022
With Russia shut out of U.S. and EU payment infrastructures, the country is pivoting to alternatives such as China's UnionPay card system and other channels that may take its trade and commerce through China.
Accenture
MARCH 29, 2022
Attending the awards ceremony last October for American Banker’s Most Powerful Women in Banking was an unforgettable experience. Not only was this the first in-person event I’d attended in months; more importantly, it was a celebration of how far women have come in banking. A passion for making a difference So you can imagine how…. The post Why banks need to tap into the power of belonging appeared first on Accenture Banking Blog.
CFPB Monitor
MARCH 24, 2022
Equifax, Experian, and TransUnion have announced that effective July 1, 2022, they will no longer include medical debt that was paid after it was sent to collections on consumer credit reports. In addition, the time period before unpaid medical collection debt appears on a credit report will be increased from 6 months to one year. The companies also announced that beginning in 2023, they will only report medical debt when the amount owed is at least $500.
Independent Banker
MARCH 31, 2022
Photo by Chris Williams. My bank’s tagline is ‘Where dreams meet solutions,’ and it serves as my guiding inspiration at the bank and, now, at the national level. As community bankers, our customers depend on us to keep their dreams alive. In today’s tumultuous environment, optimism is a skill worth cultivating. Thankfully, that glass-half-full attitude comes naturally for community bankers.
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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
Bobsguide
MARCH 21, 2022
CompatibL is proud to have been nominated in the following categories in this year’s FTF News Technology Innovation Awards: 5.Best Cloud-Native Computing Initiative: CompatibL Cloud Platform. 12.Best Digital Transformation Solutions Provider: CompatibL. 15.Best Middle-Office Solution: CompatibL Risk Platform. 22.Best Professionals Services Provider: CompatibL. 27.FinTech Person of the Year: Alexander Sokol, CompatibL. 28.Ops Business Person of the Year: Olga Orekhvo, CompatibL. 30.Software Solut
SWBC's LenderHub
MARCH 28, 2022
Last Week. We had shock and awe in the bond markets last week as Fed presidents and governors took to the airwaves stating they were amenable to multiple 50 basis point hikes at the remaining meetings in 2022 and beyond. It seems it was only yesterday that folks chuckled at St. Louis Fed President James Bullard when he called for one 50 basis point hike in 2022.
Payments Dive
MARCH 10, 2022
Some consumers are charging buy now-pay later installment payments to their credit cards, and that should serve as a "warning flag" to regulators, said three economists who authored the research paper.
Accenture
MARCH 16, 2022
There are times when you have to break something apart in order to make it better. For banks, it’s time to break down the traditional value chain and replace it with a more future-friendly set of business models. Until now, the value chain in banking has relied on a vertically integrated business model. But in…. The post Bold banks can grow by shattering the value chain appeared first on Accenture Banking Blog.
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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.
CFPB Monitor
MARCH 21, 2022
Last week, the CFPB published a blog post , stating that it “strongly encourages” mortgage servicers to participate in Homeowner Assistance Fund (HAF) programs. The Bureau asserts that it “remains focused on preventing avoidable foreclosures to the maximum extent possible and expects mortgage servicers to do the same.”. By way of background, HAF is a federal program that provides money to states, tribes, and territories to assist homeowners with housing costs.
BankBazaar
MARCH 18, 2022
It is now time to forge a new path forward with your finances. Although budgeting may not have worked for you earlier, colour-coding your budget is your new budgeting lifesaver! . Let’s start! Let’s work on creating your monthly budget. Whoa, wait! Did you just roll your eyes, or did you snort with derision? We get it. For many, trying different budget management methods has either not worked or they just despise the many restrictions that come along with it. .
TheGuardian
MARCH 29, 2022
Paris, Frankfurt and Dublin are most successful in luring roles from UK, say consultants More than 7,000 finance jobs have moved from London to the EU as a result of Brexit, down 400 from the total anticipated in December, the consultants EY have said While the total is well down on the 12,500 job moves forecast by firms in 2016, when Britain voted to leave the bloc, more could follow, EY said in its latest Brexit tracker.
SWBC's LenderHub
MARCH 21, 2022
Last Week. Last week was marked once again by extreme volatility. On Wednesday, we had the Fed FOMC statement and presser. Stocks and credit risk assets were soothed by Chairman Powell’s words that his aggressive inflation fighting monetary policy wouldn’t bring on recession.
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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
Payments Dive
MARCH 14, 2022
In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation. He noted new fintech tools could ultimately be a benefit if they add competition.
Accenture
MARCH 7, 2022
In our previous post, we discussed effective M&A cloud integration and how cloud can help in two specific scenarios: acquisition of a small target and a merger of equals. Continuing this train of thought, we’re looking here at where cloud can help with data integration in M&A, to go a step beyond and solve consolidation…. The post How cloud can solve your data challenges in M&A appeared first on Accenture Banking Blog.
CFPB Monitor
MARCH 8, 2022
A Pennsylvania district court has ruled that a company that provides reports based on a search of public records is a “consumer reporting agency” (CRA) as defined by the Fair Credit Reporting Act. In McGrath v. Credit Lenders Service Agency, Inc. , the plaintiffs applied to a bank for a loan to refinance their home mortgage. The bank engaged Credit Lenders Service Agency (CLSA) to conduct a public records search on the plaintiffs and provide a report.
BankBazaar
MARCH 21, 2022
There is no one way to gain knowledge. Anyone can tell you that. But are you a believer in it? Or have you made up your mind on ‘things’ being learnt a ‘certain way’? We’re talking about those very things, a little differently, today! Are you a poet and don’t know it? Get it? Get what we did there? This World Poetry Day, let’s awaken the poet in us and learn something we could use – through rhyme!
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.
BankUnderground
MARCH 2, 2022
Tugrul Vehbi, Serdar Sengul, Daniel Christen, Lucio D’Aguanno and Tom Wise. Shipping costs have increased sharply since the onset of the pandemic, to a magnitude perhaps only a few would have predicted. In this post, we examine the likely drivers and impact of this increase. We argue that (i) both demand and supply factors are responsible for these developments with the former playing a relatively bigger role historically; (ii) shipping costs feed through to consumer prices with a lag; and (iii)
SWBC's LenderHub
MARCH 14, 2022
Last Week. Last week was marked, once again, by extreme volatility. The violence of Russia’s war in Ukraine intensified while sanctions against Russia and its major industries continued to ramp up.
Payments Dive
MARCH 16, 2022
A new survey from one equity analyst suggests installment financing from the buy now-pay later company Affirm has appeal for rich and poor alike. "The demand for our service is going up because consumers are trying to ration their money,” Affirm CEO Max Levchin told CNBC.
Accenture
MARCH 27, 2022
The move to digital has dominated the conversation about commercial banking in recent years. That conversation is far from over, but as we reveal in Accenture’s new report, Commercial Banking Top Trends in 2022, banks are beginning to realize that reaping the benefits of their digital technology investments will depend on meaningful connections with people:….
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
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