Accenture
NOVEMBER 22, 2021
In this series we’ve taken a close look at the business case for embracing purpose in banking. In short, there’s compelling evidence that focusing on customer wellbeing can catalyze growth and digital transformation. Embracing purpose is more than a PR move. It is a powerful opportunity—and a formidable challenge. Today we’re going to unpack four of the….
Independent Banker
NOVEMBER 21, 2021
The team at Walden Mutual, a planned de novo in Concord, N.H., includes (from left): Christina Johantgen (head of marketing and creative), Joe York (head of product), Kelsey Cahill (summer associate), Jackie Charron (chief operating officer and executive vice president), Debbie Morin (chief financial officer), and CEO Charley Cummings. Photo courtesy Walden Mutual.
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Banking Exchange
NOVEMBER 22, 2021
OCC, Board, FDIC will require banks to report incidents within 36 hours Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Core Systems Risk Management Technology Feature Feature3.
Jack Henry
NOVEMBER 26, 2021
Global IT spending in the banking sector during 2021 is estimated to be nearly $300B. Banking and securities lead all industry sectors in terms of average IT spending as a percentage of revenue, at nearly 8%, according to a 2018 Deloitte study. And, that was before the pandemic drove institutions to accommodate remote servicing demands in 2020 and 2021.
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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.
Accenture
NOVEMBER 23, 2021
Credit card receivables & purchase volume YoY growth: 3Q21 Click/tap on image to enlarge. 1. Average Receivables in Billions. Note: Citi inclusive of both Branded and Retail Services. AXP is Revolving only. SYF A/R is Retail Card, NCL is total company. Earnings call commentary Credit sales come in at $7.4 billion or up 20% year-over-year…. The post Bank earnings call highlights: Q3 2021 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.
BankBazaar
NOVEMBER 22, 2021
With a rush of IPOs making the news recently, let’s take a look at a few other options a company may consider to go public. Buckle up as we break down SPACs and direct listings for you. Although an initial public offering (IPO) is still the go-to choice for many, the extensive process before undergoing an IPO isn’t really a walk in the park. IPO involves complex regulatory filings and months of negotiations with underwriters and regulators.
ATM Marketplace
NOVEMBER 26, 2021
Demand for bitcoin continues to grow. One sign of proof beyond the associated and often-hyped market volatility is the ongoing explosive growth seen in the number of bitcoin ATMs available to consumers across the globe.
BankUnderground
NOVEMBER 24, 2021
Philip Bunn, Jagjit Chadha, Thomas Lazarowicz, Stephen Millard and Emma Rockall. Does higher household debt lead to greater labour supply? Ahead of the Global Financial Crisis (GFC), UK household debt rose considerably. Since that crisis, the UK labour market has experienced high employment and high participation, alongside relatively weak wage growth.
TheGuardian
NOVEMBER 24, 2021
Bank continued funding supply-chain finance scheme for NHS pharmacies after appeal to Tory peer David Cameron lobbied a director of Lloyds Banking Group, whom the former prime minister had given a peerage, to reverse the bank’s decision to withdraw support from Greensill Capital, which it later did. Cameron appealed to James Lupton, a Conservative peer who had served as party treasurer and donated more than £3m to the Tories, to urge the bank not to withdraw funding from Greensill’s supply chain
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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.
BankInovation
NOVEMBER 23, 2021
U.S. banking agencies have issued a to-do list of their plans to tackle oversight of the cryptocurrency industry next year. In an agenda released on Tuesday, the Federal Reserve and other regulators outlined what issues they plan to focus on as they consider rules for how banks interact with cryptocurrencies. Their priorities include weighing custody, […].
FICO
NOVEMBER 22, 2021
Welcome to the holiday shopping season for 2021, the second impacted by the pandemic. Global Supply chain issues and scenes of countless ships waiting to unload their global cargo have certainly reminded us all of how interconnected we are around the globe. When we combine those logistics challenges with lingering fears of entering crowded malls, we have certainly injected a heightened level of stress and scarcity into this year’s e-commerce bonanza.
TheGuardian
NOVEMBER 24, 2021
Chastened Jamie Dimon apologises for saying he would bet on bank outliving Chinese regime The boss of JP Morgan has apologised for predicting that the Wall Street bank would outlive China’s Communist party, saying he “regrets” the comment, made less than 24 hours earlier. Speaking at an event in Boston, Massachusetts, on Tuesday, Jamie Dimon referred to the fact that the bank began operating in China in 1921, the same year as the Communist party.
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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.
BankInovation
NOVEMBER 22, 2021
When organizations begin using software robots, or bots, their governance is not always a priority. This lack of attention to governance can lead to a host of issues: For example, there could be no alert when a bot stops working, or notification when it completes its work, as well as potential security and compliance issues, […].
Banking Exchange
NOVEMBER 24, 2021
Regional and community banks received high ratings from customers, while national banks, and super-regional banks trailed behind Community Banking Feature3 Feature Customers Retail Banking.
William Mills
NOVEMBER 22, 2021
In our new video series, William Mills, CEO of WMA, interviews leading fintech professionals at Finovate to examine the latest technology and advancements in the industry. William sits down with Jas Randhawa, Head of Financial Crimes at Stripe, to discuss the current landscape of financial crimes, trends he's seeing to address these threats, and advice for organizations on protecting themselves and their customers.
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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
BankInovation
NOVEMBER 23, 2021
KeyBank has acquired fintech XUP Payments and will use the B2B digital payments platform to expand its embedded banking strategy and streamline automation, the bank announced Monday. The $187 billion bank did not disclose financial details of the deal, which closed Nov. 19. XUP earlier this year raised $3 million over one funding round led […].
TheGuardian
NOVEMBER 26, 2021
Former chancellor to face no action despite official ruling against his use of government connections Labour has accused the government of not being serious about tackling sleaze after ministers declined to punish or reprimand the Conservative former chancellor Philip Hammond for using his government connections to help a bank he is paid to advise. Labour’s deputy leader, Angela Rayner, said the government had “muzzled its own watchdog” after it emerged that no action would be taken against Hamm
The Paypers
NOVEMBER 25, 2021
BNPL company Afterpay has announced it will offer US customers payment installments for subscriptions and online services.
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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
BankInovation
NOVEMBER 22, 2021
Citigroup Inc. is looking to hire 100 people as part of a new push into digital assets inside its institutional business, according to a person familiar with the matter. As part of the effort, the firm tapped Puneet Singhvi to be its new head of digital assets inside the institutional-clients group, according to a memo […].
Banking Exchange
NOVEMBER 24, 2021
Habitat for Humanity among the Beneficiaries Community Banking Feature3 Feature.
American Banker
NOVEMBER 24, 2021
The Paypers
NOVEMBER 24, 2021
Netherlands-headquartered online remittance service Azimo and Trustly , an open banking payment provider have partnered to meet demands for cross-border payments in Europe.
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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.
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