BankBazaar

FEBRUARY 24, 2022

Behold! The 10 commandments that can help you part troubled financial waters so you can walk confidently into the ‘promised land’ – a financially secure future! While there’s no one-size-fits-all approach to building a financially secure future, there are certainly some best practices that can help. Remember that while these cannot be carved in stone, they can certainly help part troubled financial waters so you can confidently walk through to the ‘promised land’ of financial security. 1.

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Gonzobanker

FEBRUARY 23, 2022

A financial institution’s Banking-as-a-Service strategy needs to be more than an extra credit project for the I.T. department. The Banking-as-a-Service (BaaS) gold rush has clearly begun. Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do

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Accenture

FEBRUARY 21, 2022

Fierce competition for talent is nothing new in banking, where digital skills have been in hot demand for years. But the front in the war for talent, like much of the industry, is shifting to the cloud. This is primarily due to two factors: the cloud’s unique ability to supercharge organizational agility, and the fact…. The post What are “cloud skills” for banks, anyway?

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Abrigo

FEBRUARY 25, 2022

What to watch for in 2022 Expect these eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. You might also like this webinar on BSA/AML regulatory hot topics. WATCH. Takeaway 1 Now is the time to create a project plan for future BSA/AML regulatory guidance . Takeaway 2 Enhance policies, procedures, and processes for areas that will gain regulatory scrutiny?

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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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South State Correspondent

FEBRUARY 23, 2022

The reality is that most banks only design less than half a product. Sure, bankers are great at getting the basics right, but there is rarely much thought around 66% of the product’s design after that. In this article, we look at the elements of excellent bank product design and provide some hacks on how to improve your current product offerings.

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Accenture

FEBRUARY 22, 2022

As you read this, the internet is being reshaped. And it’s already transforming banking. We have not witnessed a topic explode quite like the metaverse. While extended reality (XR) technology has been around for some time, the topic’s momentum has recently accelerated with some analysts now predicting the metaverse to be an $8 trillion opportunity.….

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Technology Digital Banking 545

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . You might also like our new podcast "Ahead of the Curve: A Banker's Podcast" Listen . Takeaway 1 Many banks and credit unions want to win more business loans but will face higher rates and more competitors.

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South State Correspondent

FEBRUARY 20, 2022

Community banks refine their products and services to compete for better borrowing relationships – the better borrowing relationships are associated with better credit quality, meaningful cross-sell opportunities, acceptable margins and fee income, and higher return on equity (ROE). Unfortunately, current market dynamics are making it hard for community banks to outcompete for these better borrowing relationships.

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Cisco

FEBRUARY 23, 2022

In the years following the Great Recession, many financial institutions were bogged down with compressed margins, slow revenue growth, high overhead, and costly legacy systems. It all helped contribute to the rise of Fintechs, and Fintechs have been disrupting almost every conceivable area in Financial Services ever since. To remain competitive, financial institutions began their Digital Transformation journey to make workflow and processes automation improvements.

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Customer Experience Resources Survey Industry 150

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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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Accenture

FEBRUARY 23, 2022

When I was shopping online recently, a new option appeared on the checkout screen that presented me the opportunity to finance my purchase. This new offering is becoming pervasive across all asset types, from laptops to lift trucks, and including services such as vacation travel, on B2C, B2B and even P2P shopping sites. The goal…. The post Finance now!

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Abrigo

FEBRUARY 24, 2022

ALM & measuring short-term interest rate risk Interest rate risk is measured through two approaches. This ALM 101 post describes the earnings at risk(EAR)/income at (IAR) risk perspective (short-term risk to the income statement). Would you like other articles like this in your inbox? Takeaway 1 Interest rate risk for financial institutions is the risk that earnings and market value may decline as market interest rates change. .

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TheGuardian

FEBRUARY 24, 2022

The UK wants to bar Russia from the international payments network – but others doubt the sanction’s value Russia’s invasion of Ukraine has amplified pressure for tougher economic sanctions on Moscow. The Labour leader, Keir Starmer, was among many to call for Moscow to be shut out of Swift – the world’s main international payments network – with the aim of hitting Russian trade and making it harder for its companies to do business.

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ATM Marketplace

FEBRUARY 22, 2022

While Bitcoin ATMs and cryptocurrency in general is an expanding business, many banks are still reluctant to work with these businesses due to regulatory concerns; however, banks are developing models to determine if they can work with a cryptocurrency or Bitcoin ATM business.

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ATM Bitcoin cryptocurrency 128

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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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BankUnderground

FEBRUARY 24, 2022

Joel Suss, Marilena Angeli and Peter Eckley. Diversity has risen up the agendas of businesses, regulators, and governments in recent years. How diverse are the upper echelons of banks and building societies in the UK? We answer this question in a recent paper using a unique data on the most senior employees for the last 20 years. The data. Arguments for increasing diversity within banks usually stem from at least one of two perspectives: equity and efficiency.

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Trends Regulation Data Policies 104

Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Would you like other articles like this in your inbox? Takeaway 1 Financial institutions are using small business loans as a source of growth and this trend will continue. .

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Lending Community Bank Community Analysis 195

TheGuardian

FEBRUARY 25, 2022

Analysis: Only the financial equivalent of unleashing a nuclear arsenal will dent Russia’s foreign assets war chest Russia-Ukraine crisis: live news The war against Russia is one western countries want to fight with only economic sanctions, not guns. Russia’s conflict with Ukraine , despite its long gestation and planning by Vladimir Putin and his supporters in the Kremlin, was supposed to end quickly once financial retaliation began.

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BankInovation

FEBRUARY 25, 2022

Russia’s invasion of Ukraine puts U.S. financial institutions at elevated risks of cyberattacks, and experts believe proactive steps should be taken to lessen threats. Russian cybercriminals have taken aim at U.S. interests before, and the attacks predicted to arrive in the wake of heightened U.S. sanctions are nothing new, Tari Schreider, strategic cybersecurity advisor with […].

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US Security 98

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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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FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020.

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Fraud Survey Customer Experience Retail 98

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. WATCH. Takeaway 1 Lack of efficiency and staffing problems can make small business loans seem like more trouble than they're worth.

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How To Lending Software Survey 195

TheGuardian

FEBRUARY 24, 2022

Ukraine foreign minister voices anger as EU leaders likely to decide against blocking Russia from international payments system Ukraine-Russia crisis – live updates The EU faced furious remonstrations from Kyiv as Europe’s leaders looked set to hold back from imposing the potentially most damaging sanction on Russia, even as the Kremlin lay siege to Ukraine via land, air and sea.

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BankInovation

FEBRUARY 25, 2022

Fintech Funding is a look at the top fintech-related funding rounds of relevance to the financial services industry. Payment fintech Stripe last week led a $75 million series C funding round for payroll software fintech Check Technologies, bringing the company’s valuation to $725 million. New York City-based Check is a payroll program that merges data […].

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New York City Fintech Technology New York 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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CFPB Monitor

FEBRUARY 24, 2022

Professor Glover is the author of the first major academic study of mass arbitration, which is soon to be published as a law review article. In Part II of this two-part podcast, we discuss the economics of mass arbitration, including the minimum claim amount necessary to make mass arbitration viable and how consumers’ recovery in arbitration compares with their recovery in class actions, the use of targeted advertising and other methods by plaintiffs’ attorneys to reach potential claimants, and

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Study Company 78

Jeff For Banks

FEBRUARY 24, 2022

PPP urgency must be our norm. On September 17, 2021 in the Scottsdale, Arizona desert, I delivered a speech to a ballroom full of bankers titled: 5 Things I Wish We Did Better. It was well received and was recently picked up by a banking school as an elective class. Number 1 on that list: Project Management. I used the embedded commercial as indicative of the life span of a project at a community bank.

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Management Community Bank Community Arizona 78

TheGuardian

FEBRUARY 21, 2022

A string of controversies have beset Switzerland’s second-largest lender, including Japanese ‘shredding party’ and US sub-prime fraud Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians The revelations that Credit Suisse has been used by crooks, money launderers and corrupt politicians are a public relations crisis for the banking giant.

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Fraud US Report 100

BankInovation

FEBRUARY 22, 2022

When the pandemic hit, it became increasingly difficult for lenders to know how many applications for loans might come through the door. That led to volatility in the system that became even more pronounced when the “Great Resignation” hit, Sam Bobley, founder and CEO of intelligent document automation company Ocrolus, tells Bank Automation News in […].

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System Company 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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