Accenture
SEPTEMBER 26, 2021
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….
Independent Banker
SEPTEMBER 30, 2021
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.
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Jack Henry
SEPTEMBER 30, 2021
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.
CFPB Monitor
SEPTEMBER 30, 2021
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.
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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.
Accenture
SEPTEMBER 28, 2021
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.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Independent Banker
SEPTEMBER 30, 2021
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.
BankUnderground
SEPTEMBER 28, 2021
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?
Accenture
SEPTEMBER 29, 2021
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….
TheGuardian
SEPTEMBER 30, 2021
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
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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
Independent Banker
SEPTEMBER 30, 2021
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.
ATM Marketplace
OCTOBER 1, 2021
When it comes to banking, there's no shortage of hot topics and pressing issues. In order to provide insight into these issues, the Bank Customer Experience Summit, held in Chicago from Sept. 13 to 15 had a panel of three bankers to share their opinions.
BankInovation
OCTOBER 1, 2021
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 ?
TheGuardian
SEPTEMBER 25, 2021
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.
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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.
Independent Banker
OCTOBER 1, 2021
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.
BankDeals
SEPTEMBER 30, 2021
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.
BankInovation
SEPTEMBER 28, 2021
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 […].
CFPB Monitor
OCTOBER 1, 2021
By a 50-48 party line vote, the U.S. Senate confirmed Rohit Chopra yesterday as CFPB Director. Mr. Chopra’s confirmation clears the way for the White House to move forward on President Biden’s nomination of Alvaro Bedoya to fill Mr. Chopra’s seat as FTC Commissioner and on the President’s nomination of Acting CFPB Director Dave Uejio to serve as Assistant Secretary for Fair Housing and Equal Opportunity at the Department of Housing and Urban Development.
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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
Independent Banker
SEPTEMBER 30, 2021
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.
BankBazaar
SEPTEMBER 29, 2021
Ever wondered how your credit utilisation ratio can affect your financial profile? Read this article to learn all about it and more. In the world of Credit Cards , credit limit and credit utilisation ratio are two terms that are commonly used. Heard of them, right? The big question, however, is why do these two terms matter to Credit Card users? Well, if you’ve been wondering about this, then we’ve got the answers for you.
BankInovation
SEPTEMBER 28, 2021
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 […].
CFPB Monitor
OCTOBER 1, 2021
The Division of Banks of the Massachusetts Office of Consumer Affairs and Business Regulation has issued a supervisory alert to warn financial institutions of the potential legal and regulatory risks arising from NSF fees charged on the representment of unpaid transactions. The alert addresses the common scenario in which a financial institution charges an NSF fee when an ACH item is presented for payment from a consumer’s account and is declined due to insufficient funds in the account to cover
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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.
Independent Banker
OCTOBER 1, 2021
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
SWBC's LenderHub
SEPTEMBER 30, 2021
When it comes to understanding the auto lending industry, I’m a numbers guy. Data weaves the story that allows me to keep my pulse on the market and make informed business decisions. One of my go-to resources is CU Data’s quarterly statistics and trends report. In this blog post, I’d like to share some highlights and notable KPIs from the Q2 2021 report.
BankInovation
OCTOBER 1, 2021
The global economy was represented in fintech investments with international investors spreading money to startups aimed at bringing the world into the digital economy, boosting efficiencies and automation. Aspire Bank In the biggest funding news this week, Singapore-based Aspire Bank raised a total of $158 million — $58 million in a series B funding round […].
CFPB Monitor
SEPTEMBER 30, 2021
The National Defense Authorization Act as passed by the House and now headed to the Senate includes amendments to the Fair Credit Reporting Act dealing with the reporting of adverse information on servicemembers by consumer reporting agencies. The amendments add the defined terms “uniformed consumer” and “deployed uniformed consumer” to the FCRA. A “uniformed consumer” is defined as a consumer who is a member of the uniformed services (i.e.
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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
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