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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Abrigo
NOVEMBER 11, 2021
Ransomware poses a significant threat to FIs. In response to an increase in ransomware attacks, the latest FinCEN advisory shows the dynamic nature and criticality of ransomware threats. . Would you like other articles like this in your inbox? Takeaway 1 Cyber attacks – ransomware specifically – are the most significant threat to U.S. financial institutions.
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.
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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.
SWBC's LenderHub
NOVEMBER 9, 2021
Dead Man's Curve, it's no place to play Dead Man's Curve, you best keep away Dead Man's Curve, I can hear 'em say Won't come back from Dead Man's Curve – Jan & Dean.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
NOVEMBER 11, 2021
Ransomware poses a significant threat to FIs. In response to an increase in ransomware attacks, the latest FinCEN advisory shows the dynamic nature and criticality of ransomware threats. . Would you like other articles like this in your inbox? Takeaway 1 Cyber attacks – ransomware specifically – are the most significant threat to U.S. financial institutions.
Jack Henry
NOVEMBER 8, 2021
Well, folks, that pesky word “pivot” is still alive and well. Over the summer, COVID-19 cases were trending in the right direction and the country was well on its way to what felt like normal. I personally was gathering with family, dining inside at restaurants, reconnecting with friends, and looking forward to attending the JAC|SEC in person in Phoenix, Arizona.
SWBC's LenderHub
NOVEMBER 8, 2021
Last Week. “Tap, tap, tap,” went fingers onto the shoulders of traders with bad, short positions in long-dated U.S. Treasuries, and the bloody short squeeze continued. On Wednesday, the FOMC meeting concluded, and the message was mixed. Regarding QE tapering, the Fed delivered as promised, and they will be reducing the amount of Treasuries and MBS they purchase by $15 billion per month.
BankUnderground
NOVEMBER 9, 2021
James Hurley and Danny Walker. In 2020 governments around the world responded to Covid-19 (Covid) by introducing lockdown measures that were designed to slow the spread of the virus. Business activity fell materially. But it is difficult to isolate the impact of the local lockdown measures on business activity, given that business activity was affected by other factors such as voluntary social distancing at the same time.
Advertiser: ZoomInfo
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.
ATM Marketplace
NOVEMBER 9, 2021
Bitcoin ATMs are becoming a more common sight across the U.S., as many convenience stores and gas stations have begun deploying them. At the same time, there are also security concerns with Bitcoin ATMs. Kraken Security Labs recently uncovered a number of vulnerabilities with a Bitcoin ATM.
BankInovation
NOVEMBER 12, 2021
It was a diverse week for fintech funding, with hundreds of millions of dollars pouring into identity verification and buy now pay later (BNPL) technology companies and substantial investment in an automated compliance platform. Socure secures $450 million New York-based Socure closed a $450 million series E funding round, raising a total of $649.6 million […].
TheGuardian
NOVEMBER 12, 2021
Guardian Money hears from people trapped on high-cost deals after bank wrongly recorded defaults on files Barclays has been accused of putting its mortgage customers through a “nightmare” by wrongly recording defaults on their credit files , meaning they are trapped on high-cost deals for home loans and other borrowing. Guardian Money has spoken to a number of people who say Barclays has repeatedly marked them down as having defaulted on their mortgage payments despite them having paid in full.
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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.
FICO
NOVEMBER 8, 2021
As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by COVID-19 began in earnest. While the COVID-19 pandemic resulted in economic hardship for many people, it also changed the credit behaviors of millions of consumers and led to the deployment of payment accommodations offered by lenders to help impacted customers with their debts. .
BankInovation
NOVEMBER 11, 2021
Payment automation company AvidXchange is targeting credit unions with a customized offering that streamlines the invoice-to-pay process. The pandemic-induced spike in digital banking has led credit union members to expect cutting-edge banking solutions, Boyce Adams, senior vice president of financial services, told Bank Automation News. “This meant credit unions needed to spend more time on […].
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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.
ABA Community Banking
NOVEMBER 9, 2021
A U.S. central bank digital currency, or CBDC, would be a “threat to core funding to the banking industry,” Jim Reuter, ABA board member and president and CEO of FirstBank in Lakewood, Colorado, said on a new episode of IntraFi Network’s Banking with Interest Podcast. The post Reuter Discusses Threat of Central Bank Digital Currencies appeared first on ABA Banking Journal.
BankInovation
NOVEMBER 12, 2021
Trade expenses can reduce profits by 20%, with brokerage-related fees being a top-three business expense for many financial institutions, but automation could be the solution. Daniel Carpenter, commercial lead for intelligent automation platform Meritsoft, discusses post-trade automations in this episode of “The Buzz” podcast. “There's been an underinvestment in the backend side of things and operational side of things,” Carpenter tells Bank Automation News.
The Paypers
NOVEMBER 9, 2021
Rapyd , a global Fintech as a Service company, has announced new additions to its Disburse and Collect Platforms, delivering end-to-end infrastructure for B2B firms.
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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.
CFPB Monitor
NOVEMBER 11, 2021
With the return to repayment of federal student loans on February 1, 2022 quickly approaching, the Department of Education’s Office of Federal Student Aid (FSA) recently notified the private collection agencies (PCAs) under contract with FSA to collect Direct Loans that it would begin the process of recalling approximately 5.1 million borrower accounts and winding down the PCAs’ contracts.
BankInovation
NOVEMBER 10, 2021
Eighty-four percent of 113 companies surveyed at the recent Money 20/20 conference say they expect their enterprise to increase investment in IT security over the next 12 months. The survey, conducted by biometrics security company authID.ai, also found that 38% of respondents are “highly concerned” with traditional approaches such as one-time passwords and knowledge-based authentication. […].
Banking Exchange
NOVEMBER 10, 2021
Three-year commitment also supports minority communities with affordable housing and investment in Black-owned businesses Community Banking Feature3 Feature Duties Fair Lending Diversity Human Rights.
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
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