Perficient

OCTOBER 6, 2021

Robotic Process Automation (RPA) is the use of software to automate high volume and repetitive tasks that previously required a human to perform. RPA enables the configuration of a “bot” or “digital workers” to capture and interpret tasks on existing applications such as processing transactions, transforming or manipulating data, triggering responses, and integrating with other digital systems.

Management 508

Management System Report Software 508

Accenture

OCTOBER 7, 2021

For many middle market banks, IT transformation is constant. Ever since the Agile Manifesto 20 years ago, it’s like we’ve been in a race that never reaches the finish line. Banks implement agile teams. They invest to become more digital. They scale their transformation. Finally, they are closer than ever to enterprise agility. Or so…. The post How banks can break the cycle of IT transformation fatigue appeared first on Accenture Banking Blog.

Marketing 408

Marketing 408

Abrigo

OCTOBER 8, 2021

How to Get the Most from the Loan Review Function Independent loan review works best when it has a charter and reports up to auditing. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox? Takeaway 1 Loan review or credit risk review is a significant risk management function. . Takeaway 2 A charter for your institution's loan review process helps ensure its independence. .

Video 195

Video Lending Risk Management Management 195

Jack Henry

OCTOBER 7, 2021

The events of the past year have reinforced the notion that healthy loan portfolios feed much more than the financial institution and its shareholders. They feed the communities served by those institutions. They nurture the nationwide economy. Most importantly, they help form the conditions that ensure future economic growth.

Management 158

Management Community Lending 158

Advertisement

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

How To

Perficient

OCTOBER 7, 2021

In less than 60 days, the CFPB Regulation F requirements take effect. In simple terms, it means collectors can: Make seven call attempts within a seven-day period. Make one call within a week of speaking with the “right party.”. Strategies must be altered, and creating sequencing that supports your delinquency goals and loss forecast can be challenging.

Regulation 294

Regulation social media Strategy Technology 294

Abrigo

OCTOBER 7, 2021

Should Institutions Build or Buy a CECL Solution? Regardless of whether financial institutions choose to stay in-house or outsource their CECL solution, they have four important considerations to make. You might also like this bundle of whitepapers on how to prepare for CECL. Download. Takeaway 1 Institutions complying with CECL in 2023 must make their build or buy decision quickly.

Software 195

Software How To Analysis Resources 195

Jack Henry

OCTOBER 5, 2021

Autumn is a time of transition from those hot summer days (where it doesn’t get dark until around 10:00 p.m. where I live) to cool mornings with temperatures in the 50s and sunsets before dinnertime. Autumn is a time when trees shed their leaves and we prepare for the more sinister season of winter. Autumn is also a time to pay special attention to security, with National Preparedness Month (September) and Cybersecurity Awareness Month (October).

National 158

National US Security 158

Perficient

OCTOBER 6, 2021

“It takes time for loans to go bad and the full extent of problems to surface, so I’d predict this is likely to be a 2023 issue.” That’s what Michael Jamesson, a principal at the bank consulting firm Jamesson Associates, told American Banker when asked about the long-term impact Covid-19 economic relief might have on the financial services industry.

Strategy 294

Strategy Industry Payments Customer Experience 294

Accenture

OCTOBER 5, 2021

The pace of change in payments right now might seem overwhelming. The pandemic has supercharged the trend towards contactless, online and instant payments. Contactless payments, for instance, grew 150% from March 2019. This is just the start. In the next 10 years, almost 2.7 trillion transactions, worth $48 trillion, are projected to shift from cash….

Payments 310

Payments Trends Online Digital Banking 310

Advertisement

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

New York

Abrigo

OCTOBER 3, 2021

Loan Review Issues Include Getting Necessary Data Loan review requires accurate loan-level information. A survey by Abrigo found this is a common challenge. . You might also like this webinar on creating an effective loan and credit risk review function. WATCH. Takeaway 1 Effective loan review begins with good data, but 37% of survey respondents say getting data is challenging.

Survey 195

Survey Data Lending System 195

BankBazaar

OCTOBER 7, 2021

Financial planning isn’t quite different for men and women. However, given the selfless, caring nature that women inherently possess, they could ignore their own finances. So, here’s the plan to get it right. Women have an inherent ingenuity when it comes to managing finances. In cases where women run households single-handedly and take care of the entire family, women have been ruling like pros.

Taxes 148

Taxes Security Management 148

Perficient

OCTOBER 5, 2021

The last 18 months surprised the collections industry as it relates to forecasting future losses for respective loan portfolios. Many banks, credit unions, and credit providers were left asking themselves, “when do we expect this to turn?”. In speaking with many industry leaders in the collection space during the pandemic, they stated it was a “blind target they struggled to predict.

Industry 294

Industry Technology Customer Experience Regulation 294

Accenture

OCTOBER 7, 2021

In Accenture’s recent report, Merging M&A and cloud journeys, we highlight how technology “is a cornerstone of the long-term blueprint for any merger or acquisition.” That’s important to note since in the last year, the financial services industry has witnessed significant activity in M&A. And we expect this to continue. Many organizations are turning to….

How To 300

How To Industry Technology Report 300

Advertisement

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

Report

SWBC's LenderHub

OCTOBER 7, 2021

The “Global Supply Chain” has a lot in common with football’s offensive lineman. If you don’t hear an offensive lineman’s name or number come up during a game, that usually means he is doing a good job, or at least he’s not doing a bad job. When you hear his name more than once, it usually means he is having a bad day and losing the game for his team.

Capital 148

Capital Marketing 148

BankBazaar

OCTOBER 3, 2021

It’s #WorldAnimalWelfareDay and there’s never been a better time to learn some of the investment lessons that the four-legged furry friend sleeping on your couch is trying to teach you. Yes, we know you’re smitten by your pet dog. But in addition to the umpteen benefits of having a pet, our floofy friends also demonstrate certain habits that are utterly wise and we as humans are sure to benefit from.

Training 148

Training US Marketing How To 148

CFPB Monitor

OCTOBER 7, 2021

The CFPB has released frequently asked questions on the limited-content message and call frequency provisions of its debt collection rule (Regulation F) that becomes effective on November 30, 2021. While many of the FAQs repeat what is stated in the rule, they do provide some clarifying information which we highlight below. Limited content message (LMC).

social media 147

social media Regulation Compliance 147

Accenture

OCTOBER 5, 2021

Core banking systems have sat at the heart of banks’ operations for decades. But with the banking landscape changing faster than ever – thanks to new digital innovations, regulations, and consumer expectations – many of these legacy platforms now struggle to keep pace. The result? Banks are increasingly finding that their existing cores are holding….

System 221

System Regulation Innovation Operations 221

Advertisement

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

SWBC's LenderHub

OCTOBER 4, 2021

Last Week. It was quite an ugly week for just about everything but oil and bitcoin. Stocks were down sharply, giving their worst monthly performance since March 2020. High-Yield corporate debt showed some signs of weakening as well. It feels like the world is waking up to the real possibilities of stagflation. Energy crises in the United Kingdom and Europe are intensifying with shortages of natural gas and other fuels.

Marketing 148

Marketing Bitcoin Capital 148

ATM Marketplace

OCTOBER 8, 2021

Even with digital tools, one of the most important parts of any client experience is complementing online offerings with a personal touch. As financial institutions look to enhance their client care approach, there are simple strategies to ensure you are implementing the right mix of tools to improve the customer experience.

Customer Experience 149

Customer Experience Tools How To Strategy 149

TheGuardian

OCTOBER 6, 2021

Despite so many government promises, we’ve ended up with inadequate laws and toothless regulation. The Pandora papers show why urgent action is needed The Pandora papers data leak has once again highlighted the predatory practices of the world’s political and financial elites – enriching themselves by looting the public purse, or exploiting laws which they themselves helped to establish.

Taxes 105

Taxes National Regulation Data 105

Accenture

OCTOBER 5, 2021

I’ve been thinking a lot lately about the power of the massive datasets available today, and how auto and equipment finance companies could make better use of that data. In our latest Technology Vision, I see data as being a critical component of all the trends companies are facing. Digital-twin technologies, for example, are being…. The post How intelligent data can benefit auto & equipment lenders appeared first on Accenture Banking Blog.

Data 221

Data Trends Examples Technology 221

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

BankInovation

OCTOBER 7, 2021

Credit cards could lose ground to buy now pay later (BNPL) service providers, which have a promising future with multiple potential growth paths. Those were the key takeaways from a BNPL session at Future of Fintech conference on Wednesday in New York that was presented by market intelligence firm CB Insights. "We believe that buy […].

Customer Experience 98

Customer Experience Cards New York Conference 98

ATM Marketplace

OCTOBER 5, 2021

One major challenge for banks is the rise of digital challengers and neobanks, which have disrupted the banking world and business models. The closing keynote at the Bank Customer Experience Summit addressed how traditional banks can win in this new world.

Customer Experience 123

Customer Experience Digital Banking 123

FICO

OCTOBER 7, 2021

At a time when the lack of diversity in many fields is making headlines, FICO has some great news to share. This year we have received two awards that recognize our focus on making FICO a fair and empowering employer. FICO has been named among America's Best Employers for Women by Forbes magazine in the Software & Services category. In addition, FICO India has been selected as winner in the category of “Excellence in (Women) Diversity and Inclusion” by India’s Bangalore Chambers of Industry an

Leadership 98

Leadership Analytics Training Video 98

Accenture

OCTOBER 4, 2021

Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. Customers can interact via chat and screen sharing to see physical products.” – Best Buy “Piloting a new holistic market approach … to leverage all our assets across…. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.

Retail 221

Retail US Payments Marketing 221

Advertisement

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending