Accenture
SEPTEMBER 8, 2022
Getting young graduates excited about working in commercial banking will be a challenge for incumbents, as our report on Commercial Banking Top Trends in 2022 highlights. I began this series with a look at the industry’s outdated image in Wall St to Elm St: Surviving the talent nightmare. Then, in Smart banks will value talent…. The post How can banks embrace a growing Gen Z workforce?
South State Correspondent
SEPTEMBER 7, 2022
A common strategy for community banks, when faced with a borrower that wants a 10-year fixed rate loan, is to offer a five-year fixed rate that adjusts in five years. Historically, this has worked for some customers and banks because, over the last 40 years, five-year rates have generally fallen. As interest rates fall, a bank’s cost of funds (COF) decreases, net interest margin (NIM) increases, and on the reset date, the borrower benefits from reduced debt service costs.
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South State Correspondent
SEPTEMBER 7, 2022
US Dollar Climbs to New Record High. Treasuries are finding a bit of a bid this morning after what has been a rough couple of weeks, but we suspect smooth seas will be brief as the market contends with several forces. Corporate supply has been heavy following Labor Day and that is not unusual. What may be different this time is the proximity to the September 21 FOMC meeting and corporate treasurers wanting to get issuance done before that looming event risk.
ATM Marketplace
SEPTEMBER 6, 2022
The future of bank branches will be interesting, according to Stephen K Griffin, SVP and director of the Retail Distribution Planning Group at Regions Bank. Griffin shared his insights in an opening keynote at the Bank Customer Experience Summit held in Chicago from Aug. 31 to Sept 1.
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Payments Dive
SEPTEMBER 8, 2022
Cybersecurity professionals say healthcare payments processing firms are particularly vulnerable to information technology breaches and ransom demands.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
SEPTEMBER 9, 2022
Inflation Trends Look Positive. Treasuries are well bid this morning after reacting negatively to Fed Chair Powell’s Cato conference comments yesterday that didn’t retreat from any of the hawkishness of Jackson Hole. Treated negatively yesterday, this morning the Treasury rally is being explained as “investors feeling rate hikes are getting close to being fully priced in.
SWBC's LenderHub
SEPTEMBER 9, 2022
In season four of Stranger Things, Eleven and the crew battle an ambiguously undead supervillain and his cadre of squelching vines and vampiric bats in the Upside Down to save the world.
Payments Dive
SEPTEMBER 9, 2022
The fintech startup is adding services as it targets a bigger bite of the $120 trillion business-to-business payments market.
Accenture
SEPTEMBER 8, 2022
The $369 billion “climate action bill” that the US has just passed into law is positive news for banks committed to combatting climate change and advancing sustainability. The new legislation is likely to prompt corporate customers of US banks to accelerate their efforts to reduce greenhouse gas emissions to net zero. Such moves would be…. The post Banks set to deliver on $369 billion climate act appeared first on Accenture Banking Blog.
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South State Correspondent
SEPTEMBER 7, 2022
In the olden days, if you wanted to market deposits, the head of Retail would come to Marketing and say something like – “We need to raise deposits.” Marketing would then put together some ideas for a print or digital campaign; Retail would sign off on it, and then they would roll it out. Maybe it worked, perhaps it didn’t, but the reality is it likely was successful at some level, and everyone was happy.
CFPB Monitor
SEPTEMBER 7, 2022
Perhaps ushering in a new wave of similar challenges, Walmart is challenging the FTC’s constitutionality in its motion to dismiss the FTC’s lawsuit filed in June 2022. In the lawsuit , the FTC alleges that Walmart violated Section 5 of the FTC Act and the Telemarketing Sales Rule as a result of its failure to take appropriate measures to detect and prevent third-party fraud in the processing of money transfers sent and received by consumers at its store locations. .
Payments Dive
SEPTEMBER 8, 2022
Here are 10 takeaways from the Fed's new head of supervision, on everything from payments to crypto to FedNow.
Accenture
SEPTEMBER 9, 2022
So far, in this series of blogs on the evolution of banking operations for the digital era, we’ve looked firstly at how banks can gain competitive advantage from bringing ops and tech closer together and then at how operations can help design and deliver compelling digital experiences for customers. In this third instalment, we home…. The post How can banking ops help increase productivity appeared first on Accenture Banking Blog.
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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.
BankUnderground
SEPTEMBER 8, 2022
Giovanni Covi, James Brookes and Charumathi Raja. How banks are exposed to the financial system and real-economy determines concentration risk and interconnectedness in the banking sector, and in turn, the severity of tail-events. We construct the Global Network data set , a comprehensive exposure-based data set of the UK banking sector, updated quarterly, covering roughly 90% of total assets.
CFPB Monitor
SEPTEMBER 8, 2022
Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Although bank lending partnerships with fintechs continue to receive OCC attention, recent remarks by OCC officials indicate that OCC scrutiny is now also directed at partnerships outside of the lending arena.
Payments Dive
SEPTEMBER 9, 2022
The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.
ATM Marketplace
SEPTEMBER 9, 2022
Whether at the self-checkout, doctor's office or QSR, most consumers have had interactions with self-service kiosks. In fact, kiosks have become an essential part of the customer experience journey. That being said, what can the ATM industry learn from the rise of kiosks?
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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.
Cisco
SEPTEMBER 7, 2022
It may not always be obvious to consumers, however, there is a tremendous amount of innovation happening in financial services making its way into our daily financial lives. Some well-known examples are focused on preventative situations such as receiving fraud alerts, notifications for a potential bill-pay overdraft or when approaching a minimum account balance threshold.
American Banker
SEPTEMBER 5, 2022
Payments Dive
SEPTEMBER 8, 2022
The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.
The Paypers
SEPTEMBER 6, 2022
The Bank of Russia , the country’s central bank, has admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.
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TheGuardian
SEPTEMBER 7, 2022
New chancellor promises City bosses ‘radical’ plan for economic growth and smooths over Truss’s threat to review Bank’s remit The new chancellor, Kwasi Kwarteng, has used his first meeting with bank bosses to reiterate his support for the Bank of England’s independence, and promise that the new government was poised to unveil a “radical” plan for economic growth.
BankInovation
SEPTEMBER 6, 2022
Santander Bank appointed Pierre Habis to the newly created role of chief consumer and digital transformation officer in June, expanding his responsibilities to include oversight of the bank’s digital transformation. The $102 billion bank is focusing on modernizing its technology stack, which includes the launch of new robotic process automation (RPA) capabilities, automating for customer […].
Payments Dive
SEPTEMBER 3, 2022
“It's not just merchants at the mercy of the oligopoly,” writes Ed Mierzwinski, a senior director at the Public Interest Research Group. “Consumers all pay more at the store and more at the pump.
Bobsguide
SEPTEMBER 5, 2022
According to research by PwC , trust in financial services has been eroded – fewer than one in three consumers trust their bank. This is perhaps unsurprising: financial services executives are perceived to be overpaid; consumers fail to see that policies and regulatory updates have delivered ‘real change’; and there is an absence of better alternatives.
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