American Banker

JULY 12, 2021

Consumer lending Earnings Commercial lending Credit quality

Lending 87

Lending 87

Accenture

JULY 11, 2021

Auto and equipment buyers are no longer satisfied with simply financing an asset, the traditional way of paying for such things. Instead, they want maintenance and service included, and they expect more flexible payment plans.

Payments 244

Payments 244

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system. Would you like others articles like this in your inbox? Takeaway 1 FinCEN published its first list of priorities for AML/CFT policy, as required by the Anti-Money Laundering Act of 2020 (AMLA).

Community 195

Community Regulation Training Policies 195

Cisco

JULY 12, 2021

Earlier this year Cisco completed its acquisition of imimobile, adding an enterprise-grade CPaaS platform to Cisco’s industry-leading collaboration and contact center solution portfolio. The Cisco Financial Services team welcomes imimobile’s Alex Cambell , SVP Sales at imi mobile, as our guest blogger this week. Changing consumer behavior and digital disruptors within the banking industry have redefined how we interact with financial service providers.

Fraud 168

Fraud Mobile Security Customer Experience 168

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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.

Groups

CFPB Monitor

JULY 16, 2021

The Federal Housing Financing Agency (FHFA) announced on July 16, 2021 that effective August 1, 2021 it is eliminating the 50 basis point Adverse Market Refinance Fee for refinance mortgage loans. The FHFA notes that the fee imposed on lenders originally was designed to cover losses projected as a result of the COVID-19 pandemic. However, the FHFA states that “[t]he success of FHFA and [Fannie Mae and Freddie Mac] COVID-19 policies reduced the impact of the pandemic and were effective enough t

Marketing 148

Marketing Policies 148

Abrigo

JULY 12, 2021

Q Factors under CECL and How They Will Compare Understanding the quantitative side of the CECL calculation is the start to applying qualitative adjustments under CECL. Would you like other articles on CECL and Q Factors in your inbox? Takeaway 1 Banks and credit unions moving to CECL in 2023 understandably want to know how Q factors will compare with current practices.

Analysis 195

Analysis Conference Management Regulation 195

Banking Exchange

JULY 11, 2021

For some reason, the term digital still strikes many as new and futuristic. In reality, it’s been with us for decades Community Banking Technology Financial Trends Feature Digital Mobile Tech Management Online.

Community Bank 148

Community Bank Community Tools Trends 148

BankUnderground

JULY 16, 2021

J ames Hurley, Sudipto Karmakar, Elena Markoska, Eryk Walczak and Danny Walker. Compass on old map. This post is the second of a series of posts about the Covid-19 pandemic and its impact on business activity. Covid-19 led to a sharp reduction in economic activity in the UK. As the shock was playing out, small and medium-sized businesses (SMEs) were expected to be more exposed than larger businesses.

US 137

US Data Comparison Regional 137

ATM Marketplace

JULY 16, 2021

Between COVID-19 closing down bank branches, and changing customer expectations, it can be a challenge for financial institutions, independent ATM providers and other companies to strategize their path forward. The Bank Customer Experience Summit, held on Sept. 13-15 in Chicago, will provide crucial guidance.

Customer Experience 120

Customer Experience Chicago ATM Company 120

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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

Community Bank

Abrigo

JULY 12, 2021

The Financial Action Task Force (FATF) addressed areas of AML global concern. The agency recently completed their three-day June plenary. They addressed some of the most pressing illicit financial issues the world faces today. . Would you like others articles like this in your inbox? Takeaway 1 Following the three-day plenary, FATF released expanded guidance in several areas of AML/CFT global conerns.

Training 195

Training Policies United States Report 195

TheGuardian

JULY 14, 2021

When Doug Fishbone came across an abandoned apartment complex in Cork, he decided to recreate it in a gallery – to highlight everything that’s wrong with our property-fuelled financial system A grim concrete wall greets visitors to the Crawford Art Gallery in Cork. It fills the full height of the space, hemmed in by a corrugated steel fence. You might think you’d walked into a room still under construction – until you notice the street lamp.

System 115

System US 115

BankUnderground

JULY 12, 2021

Giovanni Covi, Mattia Montagna and Gabriele Torri. Systemic risk in the bank sector is often associated with long periods of economic downturn and large social costs. In a new paper , we develop a microstructural contagion model to disentangle and quantify the different sources of systemic risk for the euro-area banking system. Calibrated to granular euro-area data, we estimate that the probability of a systemic banking crisis was around 3.6% in 2018.

System 136

System Exercises Policies Regulation 136

ATM Marketplace

JULY 13, 2021

ATMs went through a challenging year in 2020, but as the industry comes out of the pandemic, a question emerges: What's on the horizon?

ATM 131

ATM Industry 131

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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.

Lending

Qudos Bank

JULY 11, 2021

During summer there can be many temptations to spend more than you're mean to – Christmas gifts, summer holidays, days out with friends and family enjoying the weather.

98

98

BankInovation

JULY 16, 2021

U.K.-based neobanks, otherwise known as “challenger banks,” continued to court investors with significant funding rounds this week. London-based company Revolut may now be the most valuable fintech in the U.K. and one of the most valuable fintech startups in Europe. Bank Automation News looks at this week’s highlights. Revolut Neobank Revolut on Thursday announced a […].

Fintech 98

Fintech Company 98

MerhantsBanks

JULY 16, 2021

Tirzah Warren has been promoted to Assistant Vice President/Teller Administrator at Merchants Bank, according to Sue Hovell, Director of Retail Banking Performance. “Over her 20-year career, Tirzah has consistently demonstrated her commitment to serving our customers and her leadership ensures they are taken care of professionally and compassionately by our teller team,” said Hovell.

Leadership 98

Leadership Retail 98

FICO

JULY 15, 2021

A core pillar of promoting and sustaining widespread access to credit is ensuring high levels of financial literacy. Unfortunately, the U.S. lags behind many other countries in financial literacy, meaning millions of Americans lack the resources they need to chart a healthier financial future. But thanks to nonprofit organizations like Operation HOPE — which collaborates with financial institutions, corporations, municipal agencies, and community organizations to help low- and mid-income America

Operations 98

Operations National Community Analytics 98

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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

Cards

ABA Community Banking

JULY 13, 2021

With more than 100 institutions now offering Bank On-certified checking accounts—and more in the pipeline—what can banks of all sizes learn from the experience of their certified peers? The post Raising the Standard appeared first on ABA Banking Journal.

Community Bank 98

Community Bank Digital Banking Marketing Community 98

BankInovation

JULY 16, 2021

Fifth Third Bank is migrating from a custom-core legacy system to FIS Modern Banking Platform, a managed-as-a-service core banking solution, the companies announced earlier this week. The migration will allow the $203.8 billion bank to reduce its development time and deploy new products to weeks, rather than months, Ed Loyd, Fifth Third director of public […].

Management 98

Management System Company 98

Qudos Bank

JULY 11, 2021

When you’re looking for a new home, it’s unlikely that you end up buying the very first one you see. Instead, most people attend a few open homes to learn about the local market and understand what good value looks like, before making their purchase decision. Choosing your home loan should be the same - shopping around and comparing your options before you apply can help you find a better deal and save you serious money in the long run.

Comparison 98

Comparison Marketing 98

TheGuardian

JULY 15, 2021

It comes after banking app raised $800m from new investors Tiger Global Management and SoftBank The banking and payments app Revolut has become the most valuable British fintech firm on record after a fresh funding round pushed its valuation to $33bn. The company, founded by the former Lehman Brothers trader Nik Storonsky in 2015, announced on Thursday that it had raised $800m (£579m) from new investors Tiger Global Management and the major Japanese investment group SoftBank, which now hold a ne

Fintech 99

Fintech Groups Management Payments 99

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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.

Analysis

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Comments on the proposal will be due no later than 60 days after the date it is published in the Federal Register.

Risk Management 78

Risk Management Management Compliance FDIC 78

BankInovation

JULY 16, 2021

In this week’s episode of “The Buzz,”?Bank Automation News?discusses the growing presence of Erica-based capabilities at Bank of America. A virtual assistant powered by artificial intelligence, Erica has graduated from dealing with customer enquiries to assisting financial advisors at Bank of America’s Merrill Lynch division. The $3.02 trillion financial institution has also been using (AI) […].

America 98

America Retail 98

Jack Henry

JULY 15, 2021

While the cruise industry has seen better days, like many other sectors, it’s poised for a strong comeback based on pent-up demand and untapped travel budgets carried over from 2020. And as a former Coast Guard licensed riverboat pilot and 30+ year veteran of the financial services industry, I was recently pondering the similarities between financial technology and cruise ships.

Community Bank 78

Community Bank Financial Technology Community Industry 78

TheGuardian

JULY 13, 2021

Investment banking arms of two Wall Street firms benefit from global glut of mergers and acquisitions Goldman Sachs and JP Morgan have reported bumper profits for the second quarter as their investment banking divisions continued to ride the global boom in mergers and takeover deals. The two US banks have been capitalising on the surge in merger and acquisitions activity, which broke records for the second straight quarter in the three months to June, according to Refinitiv data, and helped make

Report 97

Report US Data 97

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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

Community Bank