Perficient

OCTOBER 18, 2021

Financial institutions must prioritize instilling empathy when interacting with their clients. It’s more critical now than ever because of the economic hardships many are facing due to COVID’s impact. In our latest webinar, “Optimization Strategies to Improve Collections,” Scott Albahary, Perficient’s financial services chief strategist, and Byron Gifford, Perficient’s collection transformations lead, shared tangible solutions to the challenges collections and recoveries groups face.

Strategy 492

Strategy Customer Experience Analytics Groups 492

Accenture

OCTOBER 21, 2021

The first mobile banking application hit the Canadian market over ten years ago. Since then, advancements have included an e-deposit and mobile business app, a remote deposit capture feature, a banking app on the Apple Watch, and more. Apps have become a part of our everyday lives, from fitness to shopping, social media and news.…. The post Canada, time to expect an innovative lifestyle banking app appeared first on Accenture Banking Blog.

Innovation 222

Innovation social media Apple Mobile 222

Abrigo

OCTOBER 21, 2021

With a Fed Rate Hike Looming, Here's How to Position Your Bank or CU The timing of a rate hike by the Fed is uncertain, but credit unions and banks can act now to create increased earnings more quickly. You might also like this decision guide: "What Do I Do with All This Excess Money?" Options for Using Excess Liquidity DOWNLOAD . Takeaway 1 The economic recovery's uneven pathway has made it difficult for financial institutions to plan on the timing of a Fed rate hike. .

Lending 195

Lending Strategy Trends Marketing 195

BankBazaar

OCTOBER 18, 2021

Do you have what it takes to attain financial nirvana in just 15 days? Let’s find out. With the current pandemic scenario, it makes all the more sense to save up as much money as you can. And, trust us, you do not have to go all the way out to save extra bucks every month. We’ve got some really simple hacks that you help you manage your money better and ramp up your savings.

Cards 157

Cards Online US Data 157

Advertisement

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

SWBC's LenderHub

OCTOBER 18, 2021

Last Week. Another wild week as we continue to live in “interesting times”. The Treasury yield curve steepening theme suddenly reversed course. Last week, 2s-30s flattened 20 basis points as the market began to price in inflationary pressures lasting for a period that is more than transitory. Both the front end and the belly of the curve were hit hard as more Fed tightening was priced in.

Marketing 148

Marketing Course Capital 148

Abrigo

OCTOBER 20, 2021

How to Get Buy-in When Implementing New Technology Achieving 100% adoption is attainable if financial institutions are willing to put the best change management practices in place. You might also like this whitepaper, on optimizing change management. DOWNLOAD. Takeaway 1 One of the most important pieces to garnering employee buy-in for new technology is communication.

Training 195

Training Lending System Software 195

ATM Marketplace

OCTOBER 19, 2021

The underserved have traditionally relied on ATMs to gain access to cash, but one company is expanding ATM services to include a variety of tools for them. Maya Labs recently developed its Smart ATM platform, which provides check cashing, money transfer, real-time bill payment, cell phone reloads, micro loans and bitcoin to the underbanked.

ATM 109

ATM Bitcoin Tools Payments 109

SWBC's LenderHub

OCTOBER 19, 2021

The last few weeks have had some stunning developments with regard to the cost of labor figures, stunning in their quickness and severity. I have to admit, for many months, I bought into the whole transitory inflation argument. The one caveat I had was that inflation could morph into deep-seated corrosive inflation if labor shortages got acute enough to create demand-pull inflation for labor and empower our long beatdown labor unions to stand up.

Capital 147

Capital Marketing 147

Banking Exchange

OCTOBER 18, 2021

Major technical flaws were revealed because of the pandemic, and companies that couldn’t adapt became increasingly irrelevant to consumers The Economy Technology Lines of Business Financial Trends Tech Management Feature Feature3 Fintech.

Strategy 88

Strategy Marketing Trends Fintech 88

Advertisement

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

TheGuardian

OCTOBER 20, 2021

Chancellor said to be planning to slash corporation tax surcharge from 8% to 3% from April 2023 Rishi Sunak is preparing to announce a tax cut for Britain’s biggest banks at next week’s budget to maintain the competitiveness of the City of London after Brexit, according to reports, despite plans to raise taxes on workers. Ahead of the setpiece budget and spending review next week, the Financial Times said the chancellor planned to slash the corporation tax surcharge imposed on the banking indust

Taxes 100

Taxes Report Industry 100

ATM Marketplace

OCTOBER 21, 2021

ATMs rapidly becoming more complex and innovative, especially as vendors integrate technologies such as cloud tools, machine learning, predictive analytics, remote monitoring and management and more. Manpreet Singh, chief product officer at Cloudexa, addressed these ATM innovations during today's episode of the ATM Marketplace podcast.

ATM 104

ATM Innovation Analytics Tools 104

BankInovation

OCTOBER 22, 2021

Umpqua Bank is cultivating its "human-digital" strategy as it approaches a partnership with Tacoma, Wash.-based Columbia Bank that will boost its market share on the West Coast. "Our human-digital initiatives remain critical to our long-term strategy as our customers continue to engage with us through digital channels at an accelerated pace," Cort O'Haver, president and […].

Strategy 98

Strategy Digital Banking Digital Strategies US 98

PopularBank

OCTOBER 19, 2021

Popular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) announced the acquisition of K2 Capital Group LLC (“K2”), a Minnesota-based equipment finance and leasing company. K2 has become a part of Popular Equipment Finance LLC, a wholly owned subsidiary of Popular Bank. Equipment financing further develops Popular Bank’s healthcare financing capabilities.

Minnesota 98

Minnesota Capital Resources Industry 98

Advertisement

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

BankUnderground

OCTOBER 22, 2021

Chris Leaney. The Herfindahl-Hirschman Index (HHI) is a measure of diversification, commonly used as an indicator to calculate banks’ credit concentration risk capital requirements (where credit concentration risk is potential losses from undiversified portfolios). According to BCBS (2019) HHI is employed by c. 50% of regulators, including the Prudential Regulation Authority (PRA) since 2016.

Capital 98

Capital Regional Regulation Policies 98

TheGuardian

OCTOBER 18, 2021

Boris Johnson dines with Bill Gates, David Solomon and more to kick off global investment summit Boris Johnson will host 20 of the world’s most influential business leaders on Monday evening as he urges them to provide a “rocket boost” for “global Britain”, as the UK emerges from the coronavirus pandemic and life outside the EU. Among those sitting down for the power dinner with the prime minister in No 10 will be the Goldman Sachs boss, David Solomon; the JP Morgan chief executive, Jamie Dimon;

97

97

BankInovation

OCTOBER 21, 2021

The CEO of PNC said on Friday’s earnings call that he was proud of the bank’s ability to convert 2.6 million BBVA USA customers, citing technology as a key factor. But some BBVA customers tell a different story — one about a poorly executed, manual conversion. The $553.5 billion Pittsburgh-based PNC, which completed its $11.6 […].

Technology 98

Technology Retail 98

FluentBanking

OCTOBER 21, 2021

Sometimes we fail to save enough money for an emergency or any other reason. This sudden cash requirement can be managed through personal loan. Almost all the banks in our country is offering personal loan. But the eligility criteria is not same for all the banks. Basically you can take a loan for your upcoming wedding , purchasing a gadget or even in case of any emergency medical need.

Maine 97

Maine Security Cards National 97

Advertisement

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

FICO

OCTOBER 19, 2021

This post presents new results following up our last blog post that described the FICO® Score impacts from simulating up to 12 months of mortgage forbearance accommodation. In the previous analysis, we enacted the simulation on all open mortgage accounts identified on a national sample of millions of U.S. consumers from late 2018. All stats shared in that post were based on the entire consumer population that has at least one open mortgage reported in their credit file.

Analysis 94

Analysis Comparison Study National 94

TheGuardian

OCTOBER 20, 2021

Union condemns move by banking group, which announced multibillion-pound profits in July Lloyds Banking Group is closing a further 48 branches, in a move condemned by a trade union as a “classic example of putting profits before people”. The group, which announced multibillion-pound profits in July, will shut 41 Lloyds Bank and seven Halifax branches across England and Wales between January and April 2022.

Groups 97

Groups Examples 97

BankInovation

OCTOBER 22, 2021

European fintechs fared well in funding rounds this week, with neobank N26 nabbing $900 million and banking infrastructure company Euroclear collecting $824.5 million. N26’s series E funding round brought the bank’s valuation to more than $9 billion. Third Point Ventures and Coatue Management led the funding round for the Berlin-based bank, and were joined by […].

Fintech 98

Fintech Management Company Retail 98

CFPB Monitor

OCTOBER 21, 2021

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement). In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced that it would discontinue LIBOR sometime after 2021.

Regulation 78

Regulation Management FDIC Risk Management 78

Advertisement

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

Banking Exchange

OCTOBER 21, 2021

Almost every brand across industries is courting millennials and Generation Z consumers Retail Banking Technology Lines of Business Financial Trends Feature Customers Feature3 People Digital Mobile Tech Management Online Financial Research Fintech.

Millennials 78

Millennials Marketing Trends Branding 78

TheGuardian

OCTOBER 21, 2021

Strong mortgage lending and booming investment fees boost quarterly profits to £2bn Barclays almost doubled its third-quarter profit to £2bn as it benefited from strong mortgage lending in the UK and a boom in investment banking. The British bank’s profit before tax in the three months to September rose from £1.1bn a year ago , taking its year-to-date profit to an all-time high of £6.9bn.

Lending 95

Lending Taxes Marketing 95

BankInovation

OCTOBER 19, 2021

Consumers and businesses have high opinions of community financial institutions (FIs) but increasingly demand digital banking services, so "for community banks and credit unions that have fallen behind the digital transformation curve, the opportunity cost of not modernizing is now a matter of survival." Those are some conclusions in a report released last week by […].

Community 98

Community Community Bank Digital Banking Report 98

Jack Henry

OCTOBER 21, 2021

Financial wellbeing is a lifelong journey with many twists and turns and no clear destination. As of August 2020, more than two-thirds of people in America (approximately 167 million people) are not financially healthy. Financial health disparities have widened by race and persisted across gender over the past year. These individuals are struggling to spend, save, borrow, or plan in ways that allow them to be resilient and seize opportunities over time.

Management 78

Management Tools Community America 78

Advertisement

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