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.

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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.

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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. .

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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 […].

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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.

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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

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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.

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TheGuardian

OCTOBER 16, 2021

Businesses and individuals have been frozen out of accounts with little explanation despite acting perfectly lawfully Sex sells. But finding a bank willing to take the money is a little more complicated. That is the hard lesson learned by people such as Genevieve LeJeune, the founder of Skirt Club, which runs a 16,000-strong community for bisexual and bi-curious women and hosts events – including sex parties – around the world.

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Community 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 […].

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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.

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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.

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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.

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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;

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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 […].

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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.

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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.

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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.

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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.

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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 […].

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Community Community Bank Digital Banking Report 98

CFPB Monitor

OCTOBER 21, 2021

The CFPB, FTC, and the North Carolina Department of Justice filed an amicus brief with the U.S. Court of Appeals for the Fourth Circuit urging it to reverse a district court decision that found Section 230 of the Communications Decency Act made a consumer reporting agency immune from FCRA claims. In Henderson v. The Source for Public Data, L.P. , the plaintiffs alleged that Public Data qualified as a “consumer reporting agency” under the FCRA because it collected, sorted, summarized, and assembl

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North Carolina Report Data Marketing 78

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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

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