Accenture

DECEMBER 6, 2021

If you believe the hype, neobanks are disrupting every corner of the financial services market. The biggest players are signing up tens of millions of customers, with some of them experiencing 150% year-on-year growth in their customer base, according to Accenture research. But as we discussed in our last post on how neobanks can balance…. The post For success, neobanks need to know their “why” appeared first on Accenture Banking Blog.

Marketing 444

Marketing Digital Banking 444

Perficient

DECEMBER 6, 2021

So, you’re the CEO of a national banking corporation or a national savings bank. Therefore, your primary federal bank regulator is the Office of the Controller of the Currency (OCC). The OCC conducts frequent on-site examinations as they investigate, prepare, and then issue its reports of examination. Not only do you and your staff get to experience the joy of hosting the OCC examination teams, but your financial institution also gets to pay for the examinations. 2022 Assessment Schedule.

National 294

National Examples Regulation Report 294

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B in the most recent quarter. While that’s lower than the prior quarter, it’s up 121% for the year. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. #267 on the list is Thought Machine , a company started only six years ago th

Fintech 201

Fintech Los Angeles Lending Analytics 201

Abrigo

DECEMBER 10, 2021

New updates to the FFIEC BSA Exam Manual The December 2022 release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency. Would you like other articles like this in your inbox? Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. Takeaway 2 AML programs should be reviewed to ensure all current regulatory expectations are addressed.

Training 195

Training Regulation Policies ATM 195

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Groups

Accenture

DECEMBER 9, 2021

Every January since 2018, our annual “Top 10 Banking Trends” report has attempted to cut through the noise and reveal the real forces shaping the industry’s future. We’ll be hard at work putting the finishing touches on our 2022 version over the holidays. It will be unusual in more ways than one. On top of the bold predictions and fresh analysis you’re….

Banking Trends 358

Banking Trends Trends Analysis Report 358

SWBC's LenderHub

DECEMBER 6, 2021

Last Week. Yet another wild one, last week. The week started with further angst over the new COVID-19 variant, Omicron. While equities rallied Monday after the steep selloff on Black Friday, you could feel that the market was spooked and ready to sell-off.

Marketing 147

Marketing Capital 147

Abrigo

DECEMBER 10, 2021

Avoiding common loan review obstacles Three common weaknesses within the loan review process can prevent a loan review department from being fully effective. Learn how to strengthen your loan review process. Download Whitepaper . Takeaway 1 Financial institutions often lack independent assessments to evaluate processes and procedures. Takeaway 2 A key issue for FIs is a lack of documentation and supported data to make informed decisions.

Training 195

Training Policies Data Guidelines 195

Accenture

DECEMBER 7, 2021

Money is on the move. Transactions that once took days now happen in seconds as new technology kickstarts a real-time payments revolution that is fundamentally changing how people work and live. The old 9-to-5 ways of doing business are being swept aside by the need to be able to send money anytime. All over the world, increasingly tech-savvy consumers and companies want their bill….

Innovation 301

Innovation Payments Technology Company 301

ATM Marketplace

DECEMBER 7, 2021

Will ATMs still be worth it in 2022? The short answer is: yes. Read more for the long answer.

ATM 130

ATM 130

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Analysis

BankUnderground

DECEMBER 8, 2021

Tirupam Goel, Ulf Lewrick and Aakriti Mathur. Reforms following the 2008 financial crisis have led to significant increases in banks’ capital requirements. A large literature since then has focused on understanding how banks respond to these changes. Our new paper shows that pre-reform profitability is a vital, but often overlooked, driver of banks’ responses.

Regulation 126

Regulation Analysis Capital System 126

Abrigo

DECEMBER 8, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 The board needs to see the BSA program from a higher level to understand the enterprise-wide risk to the institution. Takeaway 2 An in-person or video conference can help FIs facilitate deeper discussions and answer questions as needed.

Training 195

Training Resources Video Compliance 195

Accenture

DECEMBER 8, 2021

For many years, banks have been digitising their existing products and channels to make it easier for customers to do what they do already. As Open Banking becomes ever more pervasive, it has capitalized on customer payment data to allow customers not just to do familiar things more easily or at lower cost, but to do new things they never knew…. The post Are you ready for the Open Finance wave?

Capital 195

Capital Data Payments Fintech 195

American Banker

DECEMBER 8, 2021

Policies 100

Policies cryptocurrency 100

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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

Lending

BankUnderground

DECEMBER 7, 2021

Austen Saunders and Rajan Patel. What can the history and philosophy of science teach us about regulatory reform? In this post, we borrow Thomas Kuhn’s idea of ‘ scientific revolutions ’ to argue that radical overhauls of regulation often occur after crises but that, once major reforms have been completed, it’s normal to have periods when rules do not change so much.

Regulation 111

Regulation Exercises Policies Examples 111

Abrigo

DECEMBER 7, 2021

How do other FIs organize their loan review function? Regardless of how the loan review function is organized, it’s paramount that the loan review function is independent. You might also like this whitepaper, Effective Loan Review. DOWNLOAD Now. Takeaway 1 An FI’s loan review function can be organized internally, externally, or through a hybrid approach.

Risk Management 195

Risk Management Lending Survey Report 195

ATM Marketplace

DECEMBER 10, 2021

Where is fintech headed in 2022? Read more to find out!

Fintech 98

Fintech Trends 98

BankInovation

DECEMBER 10, 2021

The COVID-19 pandemic and subsequent shut down has led to a significant increase among consumers adopting digital technologies to interact with the world. Now is an especially exciting time for financial services, Vince Passione, CEO of lending platform and online marketplace LendKey, tells Bank Automation News in this episode of "The Buzz” podcast.

Lending 98

Lending Technology Online Retail 98

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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.

Operations

American Banker

DECEMBER 9, 2021

Policies 92

Policies Compliance Lending Regulation 92

Abrigo

DECEMBER 7, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment. Takeaway 2 Inherent risk and residual risk should be evaluated before mitigating factors are considered.

How To 195

How To Fraud Analysis Compliance 195

William Mills

DECEMBER 6, 2021

Welcome back to WMA’s Finovate 2021 video series. This week, we are sharing a discussion between William Mills, CEO of WMA, and Beth Johnson, chief experience officer at Citizens Financial Group. The pair discusses changes in the digital landscape, catering to rapidly evolving customer preferences, and the future of financial services.

Video 84

Video Groups Fintech 84

BankInovation

DECEMBER 9, 2021

State Street announced Monday it had completed a margin calculation process for a live trade of a 30-day foreign exchange (FX) forward contract with Vanguard using blockchain technology and smart contracts to automate the collateral settlement. The $100,000 trade between the $323.1 billion State Street and the investment company Vanguard as counterparties was a pilot […].

blockchain 98

blockchain Technology Company 98

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Analysis

American Banker

DECEMBER 9, 2021

Policies 88

Policies FDIC 88

The Paypers

DECEMBER 9, 2021

The Paypers has published the Cross-Border Payments and Ecommerce Report 2021–2022 , the ultimate source of information for players interested in selling across borders.

Report 83

Report Payments 83

CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. 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 plans to discontinue LIBOR after 2021.

Regulation 78

Regulation Cards Compliance Groups 78

BankInovation

DECEMBER 8, 2021

KeyBank’s Laurel Road for Doctors, a digital banking platform tailored to physicians and dentists, has signed up 5,000 users since its March launch. Now, the $187 billion bank plans to apply its targeted-demographic strategy with a similar offering for nurses to launch in early 2022. It’s a potential market of more than 4 million users […].

Strategy 98

Strategy Digital Banking Marketing Digital Strategies 98

Advertiser: ZoomInfo

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Capital