Sat.Sep 25, 2021 - Fri.Oct 01, 2021

article thumbnail

Why achieving alignment can supercharge banking cloud transformations

Accenture

As cloud mastery becomes a necessity to compete in today’s financial services industry, organizations are looking to accelerate their cloud transformation journeys. We’ve found that focusing on “the Three As”—alignment, ability, and adoption—will accelerate an organization’s realization of the benefits of migrating to the cloud. Today we’re going to look at alignment, which is the….

Industry 469
article thumbnail

The banks serving active duty personnel

Independent Banker

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Photo by: Dero Sanford. Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs.

Arkansas 168
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fintech in a Flash: 3 Important Reasons You Can’t Postpone Payments Reinvention

Jack Henry

Financial services is one of the most technology-dependent industries. And today the actual business of banking is being reinvented with technologies we hadn’t even imagined just a few years ago – apps and APIs, machine learning and AI, chatbots, robotic process automation, cloud computing, and others. As with all shiny new things, there is spirited debate if they are noise or solutions to real industry challenges.

Fintech 158
article thumbnail

National Defense Authorization Act amends SCRA to restrict use of arbitration agreements and waivers of SCRA protections

CFPB Monitor

In addition to amendments to the Fair Credit Reporting Act dealing with the reporting of adverse information on servicemembers by consumer reporting agencies, the National Defense Authorization Act (NDAA) as passed by the House and now headed to the Senate includes amendments to the Servicemembers Civil Relief Act that restrict the use of arbitration agreements and waivers of SCRA protections.

National 147
article thumbnail

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.

article thumbnail

Purpose-driven banking in action: a powerful example

Accenture

For banks, embracing purpose and the financial wellbeing of their customers is more than good PR. As Mohamed Khalil from the Commonwealth Bank of Australia explained during his talk at Sibos in 2020, it can be a powerful way to grow the business. “We discovered that improving wellbeing by 1% correlated to a risk adjusted…. The post Purpose-driven banking in action: a powerful example appeared first on Accenture Banking Blog.

Examples 455

More Trending

article thumbnail

As bitcoin soars, ATMs make purchasing it easier

ATM Marketplace

As bitcoin soars in value, so too do opportunities for Bitcoin ATMs.

ATM 136
article thumbnail

Lindsay LaNore: Creative teambuilding

Independent Banker

By Lindsay LaNore, ICBA. Sometimes teambuilding gets a bad rap, and busy schedules can keep it from reaching the top of the priority list, but it is something every leader should have in their repertoire. Teambuilding promotes employee engagement by improving group dynamics and strengthening bonds. It can help with morale and motivation, improve mental health and boost confidence.

article thumbnail

New document AI helps mortgage lenders work smarter and faster

Accenture

In the mortgage industry, early adopters of document automation technologies were underwhelmed with the results of their investment. Today’s advanced AI solutions are changing that perception. They have little in common with early optical character recognition (OCR), which was able to classify only very simple and structured documents. The latest advancements in AI can cut….

Industry 296
article thumbnail

Weighed down by debt? Revisiting the link between corporate debt overhang and investment

BankUnderground

Bruno Albuquerque. Prior to the Covid-19 (Covid) shock hitting the world economy in March 2020, concerns about US corporate debt sustainability were on the radar of the media and policymakers. Corporates had been accumulating debt at a rapid pace, leading to a record-high debt level of 47% of GDP in 2019. To what extent may the accumulation of debt amplify the ongoing crisis, and delay the US recovery?

article thumbnail

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.

article thumbnail

Can regulators keep pace with fintech innovation?

American Banker

article thumbnail

Rebeca Romero Rainey: Mitigating cybercrime

Independent Banker

Photo by Robert Severi. We know that despite the frights cyberattacks bring, you continue to flourish by safeguarding the communities you serve. It strikes me as interesting that both Halloween and Cybersecurity Awareness Month fall in October. After all, the rapid rise in fraud during the pandemic would spook anyone and definitely keeps community bankers up at night, which is why meaningful monitoring and action continue to be necessary.

Resources 131
article thumbnail

Virgin Money to close 31 branches across Scotland and north of England

TheGuardian

Move to cut one in five outlets means bank has more than halved number of branches since 2018 Virgin Money has announced it will close 31 branches – almost all in Scotland and the north of England – in the latest stage of the UK banking sector’s retreat from the high street. The bank said it expected to make 112 people redundant because of the closures after the coronavirus pandemic accelerated the shift to online and mobile app-based banking, a move that has rapidly reduced the profitability of

Mobile 100
article thumbnail

Digital banking solutions providers ranked in Aite-Novarica Group report

BankInovation

Digital banking solutions provider Backbase was ranked best-in-class in a new evaluation of eight banking point solutions vendors. Aite-Novarica Group's assessment taps the Aite Matrix, which looked at elements including vendor stability, client strength, client services and product features to determine vendors' overall competitive position. Other banking point solutions vendors in the evaluation ?

article thumbnail

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.

article thumbnail

Amazon, Google, Microsoft, IBM create cloud data controls

American Banker

Google 101
article thumbnail

Ponce Bank serves the underserved

Independent Banker

Bronx activists and business leaders founded Ponce Bank in 1960. Photo courtesy Ponce Bank. Ponce Bank has brought banking services to minority neighborhoods in the Bronx and greater New York City for more than six decades with a clear focus on community investment. By Roshan McArthur. Ponce Bank was founded in the South Bronx in 1960, a time when many financial institutions were packing up to leave.

article thumbnail

UK care homes face funding crisis as banks refuse loans

TheGuardian

Providers say lenders have ‘no appetite’ for industry battered by Covid and staff crisis Care homes are facing a credit crunch with banks refusing to lend money or provide new services for fear that the care sector is about to crumble, senior care leaders have warned. A survey of care providers in Hampshire found that 20% had been told their bank was concerned about their long-term viability.

Survey 99
article thumbnail

‘Developers are the new bankers’: Wells Fargo analysts predict wave of job cuts

BankInovation

The era of bankers dominating banking is over as software developers rise — and a record wave of job cuts will soon sweep the industry. That’s according to Wells Fargo & Co. analysts led by Mike Mayo, who estimated that the technology improvements and automation these developers bring will allow the industry to cut 100,000 […].

article thumbnail

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.

article thumbnail

Google ends high-profile experiment in embedded banking

American Banker

Google 101
article thumbnail

Does your bank suffer from Core Technophobia?

Independent Banker

The thought of learning a new core system, making a significant investment, and undergoing another complex conversion process are enough to make someone sick, and we’re not talking about the common cold either. When bankers are not ready or in the right mindset to bring on a new core system, they can start developing Core Technophobia. It’s important to recognize the signs and symptoms and learn how to treat and prevent this ailment before a bank starts experiencing undesired problems and compli

eBook 103
article thumbnail

Clearpath Federal Credit Union Offers Competitive 5-Year CD In SoCal

BankDeals

Clearpath Federal Credit Union (easy membership in Southern CA) 60-month Savings Certificate offers competitive tiered rates, a one-time bump, and one additional deposit.

CA 98
article thumbnail

Listen: Bank overtakes Facebook in hackers’ playbook

BankInovation

Facebook for years may have topped cybersecurity firm Vade’s “Phishers’ Favorites,” a report of the most impersonated brands in phishing attacks, but the $2 trillion Credit Agricole bank recently edged out the social media giant with 17,755 unique phishing URLs. Facebook’s topple from the No. 1 spot was a surprise, Adrien Gendre, chief product officer […].

article thumbnail

It Takes Two to Tango

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.

article thumbnail

Boston and Dallas Fed chiefs at center of trading scandal to resign

American Banker

Dallas 99
article thumbnail

Robert Fisher: Education is the foundation

Independent Banker

Photo by Heather Esposito. Educated customers form stronger relationships with their community banks. They are more likely to repay loans, live within their means and maintain higher balances. When I first came into community banking, I quickly learned that our jobs are as much about education as they are about finance. While community bankers have deep knowledge of financial topics, most people don’t have that background.

article thumbnail

ABA Honors Six Banks With Brand Slam Marketing Awards

ABA Community Banking

The American Bankers Association honored six banks today with its Brand Slam awards for bank marketing, judged by a panel of 73 Certified Financial Marketing Professional volunteers. The post ABA Honors Six Banks With Brand Slam Marketing Awards appeared first on ABA Banking Journal.

article thumbnail

Miami is first city to accept ‘gift’ proceeds from new cryptocurrency

BankInovation

Miami this month became the first U.S. city to use cryptocurrency to help bankroll its budget, but other cities may soon choose to follow if this new way of using crypto technology takes hold. The Miami city commissioners voted Sept. 13 to accept a gift of 30% of the revenue generated from MiamiCoin cryptocurrency, valued […].

Miami 98
article thumbnail

10 Ways to Leverage Buyer Signals and Drive Revenue

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.