Abrigo

JULY 28, 2021

How the pandemic affected the allowance under the two models Abrigo analyzed proprietary loan-level data from FIs operating under the two different models and found contrasting stories of how reserve and provision levels progressed after the pandemic began. Would you like other articles like this in your inbox? Takeaway 1 Allowance levels jumped in Q1 2020 for SEC filers due to the transition to CECL and the start of the pandemic, but FIs began releasing reserves in Q1 2021 as conditions improve

Risk Management 195

Risk Management Operations Trends Data 195

Perficient

JULY 29, 2021

Over the last three blog posts, we discussed the importance of data democratization in financial services. Today, we want to share a few final words. To maximize the value of data resources, they must be discoverable by those who require the information. Once a needed data source is identified, it is best to have an automated approach to request requisite entitlements and a framework to access the information through various means—all while adhering to the firm’s data policy and security constru

Data 309

Data Resources Policies US 309

ATM Marketplace

JULY 27, 2021

In response to changing trends and COVID-19, many banks have to make a choice around whether to close the branch or transform it

Trends 129

Trends 129

Accenture

JULY 29, 2021

Banks around the world right now are racing to the cloud. Are the winners of the race already too far ahead to catch? In my previous posts in this series, we’ve looked at the forces driving most banks to kick their cloud transformation journeys into high gear. We’ve also looked at the talent and people…. The post Accelerate your bank’s cloud transformation with the three As appeared first on Accenture Banking Blog.

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Abrigo

JULY 28, 2021

Why it makes sense to adopt CECL immediately SEC filers and experts recommend starting CECL implementation ASAP to have the best opportunity for a smooth transition. You might also like this resource: CECL Prep Kit. DOWNLOAD. Takeaway 1 The 2023 deadline for CECL implementation is coming, and many SEC filers have said they would have started earlier. .

Resources 195

Resources San Antonio Data Regulation 195

Cisco

JULY 29, 2021

Application is the Business & Level of Digitalization is the Brand. In our ever-changing world, where the application represents the business itself and the level of digitization it provides is directly related to the perception of the brand; enterprises must ensure they stand differentiated by providing exceptional user experience – both for their customers as well as their employees alike.

Customer Experience 171

Customer Experience User Experience Analytics Resources 171

CFPB Monitor

JULY 27, 2021

A Maryland federal district court has dismissed a putative class action lawsuit filed against nine companies that manage apartment buildings in the Washington, D.C. area by a 55-year old prospective tenant who alleged the defendants engaged in unlawful “‘digital housing discrimination’” by routinely and intentionally excluding older people from receiving Facebook advertisements for their apartment complexes in the D.C. area.

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Maryland social media Google Washington 148

Abrigo

JULY 26, 2021

The Scaled CECL Allowance for Losses Estimator (SCALE) tool was unveiled This tool is allowed only for banks under $1 billion as they transition to CECL. . Would you like other articles like this in your inbox? Takeaway 1 The Fed's SCALE tool for calculating the allowance under CECL is an Excel spreadsheet-based option for banks under $1 billion that uses estimated loss rates from peers as a “starting point” in the calculation.

Tools 195

Tools Kansas City Kansas Regulation 195

SWBC's LenderHub

JULY 26, 2021

Last Week. Another week, another new all-time high for stocks. Equities plunged at the beginning of the week. The S&P 500 dropped 1.6% on Monday as risk assets reacted to the very real risk of the COVID-19 Delta variant causing havoc and snuffing out the recovery. However, by Tuesday, the buy dip crowd came in like gangbusters, taking both the S&P 500 and the NASDAQ 100 up to new all-time highs by Friday.

Marketing 148

Marketing Capital 148

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Analysis

Gonzobanker

JULY 29, 2021

Short-term moves to fill earnings shortfalls on the backs of customers will backfire spectacularly. “Remind people that profit is the difference between revenue and expense. This makes you look smart.” – Scott Adams, Dilbert Creator. The nation’s banking professionals have more than just “Zoom gloom” these days. The bottom line is this: folks are working harder than ever and dealing with more daily stress – all to generate less revenue.

Resources 143

Resources Strategy Management Community Bank 143

ATM Marketplace

JULY 30, 2021

Technology is continually advancing as every industry deals with unique challenges. Banks and financial institutions are no exception. Banks are dealing with automation, regulation, digitalization and disruption to meet with the needs of customers. The traditionally slow moving industry is now changing rapidly.

Technology 133

Technology Meeting Regulation Industry 133

BankUnderground

JULY 27, 2021

Dario Bonciani, David Gauthier and Derrick Kanngiesser. Following the global financial crisis in 2008, central banks around the world introduced tighter banking regulations to increase the resilience of the financial sector and reduce the risks of severe financial disruptions during economic downturns. This fact has motivated a large body of literature to assess the role that macroprudential (MacroPru) policies play in mitigating the severity of recessions.

Policies 111

Policies Capital Regulation Analysis 111

American Banker

JULY 28, 2021

cryptocurrency 101

cryptocurrency Innovation Regulation 101

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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

TheGuardian

JULY 28, 2021

Bank was under supervision by US Department of Justice-appointed team because of previous violations HSBC discovered a suspected money laundering network that received $4.2bn (£3bn) worth of payments, it has emerged, raising questions over whether it disclosed the information to US monitors who at the time were ensuring the bank cleaned up its act. Insiders who spoke to journalists as part of a joint investigation by the Guardian and the Bureau of Investigative Journalism, have suggested that HS

America 100

America US Regulation Report 100

BankInovation

JULY 30, 2021

In a strategic partnership to support technological innovation in the banking and financial services sectors, the Federal Deposit Insurance Corporation (FDIC) and Duke University’s Pratt School of Engineering recently announced an agreement to collaborate on artificial intelligence, risk management, quantitative research and cybersecurity at the FDIC and U.S. banks.

FDIC 98

FDIC Innovation Risk Management Management 98

MerhantsBanks

JULY 28, 2021

Merchants Financial Group, Inc. (MFGI) announced net income of $18,157,527 through the first two quarters of 2021, according to MFGI President & CEO Gregory M. Evans. Performance was driven by the Bank’s active involvement in the origination of Small Business Administration (SBA) Paycheck Protection Program (PPP) loans for small businesses throughout the region and continued […].

Groups 98

Groups Regional Company 98

ATM Marketplace

JULY 28, 2021

"eKassir Cloud AdNet" is an universal digital service that delivers a flexible way to manage advertising content or personal ads at ATMs and kiosks. This service allows bank employees to run target advertising campaigns, to collect statistical data of these campaigns and customize the User Interface promptly without IT specialist support.

ATM 96

ATM Data Management 96

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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

TheGuardian

JULY 28, 2021

Bank’s pre-tax profits rise to £2.6m in second quarter after lifting of most UK lockdown restrictions Coronavirus – latest updates See all our coronavirus coverage Barclays shareholders are in line for a payout of more than £800m from dividends and share buybacks after a rise in profits as the UK economy recovers from the coronavirus pandemic. Barclays is the first major UK bank to hand money back to investors since the Bank of England scrapped the remaining Covid restrictions on shareholder pay

Taxes 99

Taxes 99

BankInovation

JULY 30, 2021

Banking core provider Finastra, Credit Suisse and Automation Anywhere announced new senior executive hires this month. Bank Automation News offers a wrap-up of some recent industry staffing shuffles. Finastra taps Marmur to lead payments division Financial technology and enterprise software provider Finastra has hired Oren Marmur as general manager of payments.

Payments 98

Payments Financial Technology Software Industry 98

American Banker

JULY 29, 2021

Strategy 94

Strategy cryptocurrency Fintech 94

CB Insights

JULY 27, 2021

Fintech solutions geared toward businesses of all shapes and sizes are rapidly gaining traction. FREE DOWNLOAD: STATE OF FINTECH q2’21. Q2’21 was the largest funding quarter on record. Download the report to learn more. First name. Last name. Email. Company Name. Job Title. Phone number. Want the full expert post? Become a CB Insights customer.

Company 88

Company Payments Fintech Report 88

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Analysis

TheGuardian

JULY 30, 2021

App-based lender emerges as biggest winner in new figures, with Virgin Money also making sizeable gains Starling Bank is proving to be one of the big winners in the battle for current account customers, it emerged this week. And the app-based bank could recruit even more after it was announced on Monday that Tesco Bank is closing all of its customers’ current accounts from the end of November.

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BankInovation

JULY 30, 2021

State Street Corp. is set to offer cryptocurrency reporting, reconciliation and processing services to its private-fund clients in the latest sign that digital assets are gaining acceptance on Wall Street. The firm is partnering with Lukka Inc., a provider of middle- and back-office crypto software, for the fund-administration services, State Street said in a statement […].

cryptocurrency 98

cryptocurrency Software Report Management 98

American Banker

JULY 30, 2021

blockchain 94

blockchain cryptocurrency Payments 94

CB Insights

JULY 29, 2021

Global insurtech funding is shattering previous records. In the first half of 2021, insurtechs raised $7.4B — surpassing the $7.1B raised for all of 2020 by more than $300M. In Q2’21, we witnessed the largest quarter-on-quarter funding increase since Q3’18. Specifically, global insurtech funding ballooned to over $4.8B, representing a 89% increase from Q1’21 and a 210% increase compared to the same period last year.

Regional 83

Regional Technology Comparison Strategy 83

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