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 128

Trends 128

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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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.

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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 168

Customer Experience User Experience Analytics Resources 168

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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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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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

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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.

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Resources Strategy Management Community Bank 141

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 131

Technology Meeting Regulation Industry 131

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 110

Policies Capital Regulation Analysis 110

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

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America US Regulation Report 99

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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.

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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.

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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 123

ATM Data Management 123

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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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

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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.

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Payments Financial Technology Software Industry 98

CFPB Monitor

JULY 29, 2021

A New York federal district court has dismissed for lack of Article III standing six class action cases alleging that debt collectors violated the FDCPA by sharing data about the plaintiffs’ debts with mailing vendors. In making these claims, the plaintiffs relied on the Eleventh Circuit’s ruling in Hunstein v. Preferred Collection and Management Services that a debt collector’s transmittal of debt information to its letter vendor could violate the FDCPA’s limits on third party communications.

New York 78

New York Branding Conference Analysis 78

Jack Henry

JULY 29, 2021

When was the last time you pulled out a paper roadmap to navigate to your destination? Or the last time you went into an insurance agent’s office for a quote on a policy? Can you even remember? Neither can I! These days, we go online with our computer or smartphone to get instant directions, advice, and pricing whenever we like. Technology has permanently altered what we as consumers want and expect from those we choose to do business with.

Policies 78

Policies Online Technology Lending 78

TheGuardian

JULY 25, 2021

My mother in Italy was told her account was to be closed after 40 years. Now she can’t retrieve the balance Can you ask Barclays why it refuses to hand over the balance of my mother’s bank account which it insisted she close after 40 years? She is 83 and lives in Italy. She was told last September that the bank was closing her account on 28 December because of Brexit.

Online 98

Online 98

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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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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 […].

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cryptocurrency Software Report Management 98

CFPB Monitor

JULY 29, 2021

In a blog post published earlier this month, the CFPB warns consumers of the risks of buy-now-pay-later (BNPL) credit. The blog post was likely triggered by the spike in the use of BNPL during the COVID-19 pandemic referenced in the blog post. In explaining how BNPL works, the CFPB indicates that when making a purchase using BNPL, the consumer selects that option at time he or she checks out online or in an app.

Report 78

Report Cards Industry Payments 78

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

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 98

Taxes 98

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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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