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 I began this series with a look at the industry’s outdated image in Wall St to Elm St: Surviving the talent nightmare.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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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.
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 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.
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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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
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 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 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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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.
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 8, 2022
At least a dozen U.S. cities have implemented unconditional direct cash payment programs over the past year, as advocates seek to build evidence and experts debate the most effective structures.
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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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
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.
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.
Payments Dive
SEPTEMBER 7, 2022
The U.S. card giants are taking a stand in defense of their services for cross-border transactions as U.K.’s parliament and regulators scrutinize higher fees.
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.
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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.
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 […].
Bobsguide
SEPTEMBER 8, 2022
MX.3 clients benefit from international venue data access that covers broad asset class range. LONDON and PARIS, September 8, 2022 —Murex, the global leader in trading, risk management and processing solutions for capital markets, has integrated with ICE Data Services, which is part of Intercontinental Exchange (NYSE:ICE), to offer a more efficient workflow for accessing ICE’s fixed income and derivatives data via the MX.3 platform.
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.
TheGuardian
SEPTEMBER 5, 2022
Tax cuts and spending pledges could spook global markets and trigger a collapse in sterling, Deutsche Bank warns Britain could face a 1970s-style balance of payments crisis in which the pound crashes if Liz Truss’s government loses the confidence of international investors, one of Europe’s biggest banks has warned. In a note entitled “Crunch time for sterling”, published on the day Truss won the Conservative leadership race , Deutsche Bank’s foreign exchange analyst Shreyas Gopal said a large, u
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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
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