Sat.Jun 26, 2021 - Fri.Jul 02, 2021

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2 Reasons Cashless May Be a Bit Overblown

ATM Marketplace

If you look up "cashless" on Google, you will inevitably find articles that argue the future is cashless and cash is old news. But…that isn't entirely true

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What Are Microservices? How Do They Increase Efficiency?

FICO

In this series on the must-have components of a financial platform, I have explored the data-related capabilities. Data is the fuel of the financial platforms, how it’s processed and made ready for use is where the banks start to see the value of the data. Microservices are the very first component where we transform data into business decisions. In other words, microservices tell the platform what actions need to be taken with data.

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Justice for Victims of Human Trafficking – One Transaction at a Time

Abrigo

Identify Human Trafficking via Transactions Banking professionals run across many types of transactions pointing to human trafficking. Here are tips to spot them from Love Never Fails Founder Vanessa Russell. You might also like this webinar: "Human Trafficking - Close to Home" WATCH . Takeaway 1 Some financial transactions flag human trafficking because they are from websites notorious for this behavior.

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How banks can build resilience against ransomware attacks now

Accenture

I’ve asked Michael Monday to co-author this blog post on ransomware. He specializes in cybersecurity in financial services as Accenture Security’s North America Banking Lead. Having begun his career in the US Air Force, Michael knows all about precision, rigor and why offense is often the best defense against bad actors. The threat of cybersecurity….

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Ballard Spahr partner, Phil Yannella, authors book on data breach and privacy litigation

CFPB Monitor

Phil Yannella, Ballard Spahr litigation partner and Practice Leader of Ballard’s Privacy & Data Security Group, recently authored a treatise on data breach and privacy litigation. The book, Cyber Litigation: Data Brach, Data Privacy & Digital Rights, is published by Thomson Reuters and is available now for purchase. The publication of CyberLitigation comes at an important moment as the U.S. is in the midst of a huge surge in data breaches, particularly ransomware attacks.

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Market Commentary: Week of June 28, 2021

SWBC's LenderHub

Last Week: Equities put in a very strong performance last week as the “value stock-reflation trade” was back on. Despite Federal Reserve Bank presidents such as Dallas Fed President Kaplan taking to the airwaves advocating an earlier start to QE tapering, stocks shrugged this off and set new, all-time highs. Treasury yields had a slight bit of indigestion, while MBS spreads showed no immediate fear of the taper by tightening all week.

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How the cloud can transform people practices in banking

Accenture

The power of the cloud is not new for banks. But we are rapidly approaching a tipping point in the industry’s adoption of the cloud, spurred partly by the digital acceleration caused by the pandemic. Nearly every bank has adopted the cloud in some form, or are planning to get there soon. The reason for…. The post How the cloud can transform people practices in banking appeared first on Accenture Banking Blog.

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Florida Governor signs bill limiting use of automated dialing systems; new law effective July 1

CFPB Monitor

On June 29, Florida Governor DeSantis signed into law CS/SB 1120 which amends Florida law to impose new limits on the use of “automatic dialers.” The law is effective today, July 1. The new law prohibits the use of an “automated system” to make “telephonic sales call” without the prior express written consent of the “called party.” A “telephonic sales call” is defined as “a telephone call, text message, or voicemail transmission to a consumer for the purpose of soliciting a sale of any consum

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Mastercard, Bank Policy Institute weigh in on regulating AI use in financial services

BankInovation

Financial institutions that leverage artificial intelligence (AI) and machine learning (ML) are not in favor of new regulations determining how the techniques can be used. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) together with the Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau and the National Credit Union […].

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Job Circular: Recruitment at IFIC Bank Ltd. for the post of Transaction Service Officer

FluentBanking

IFIC is the country's 1st public-private partnership bank. The bank is a unique embodiment of reality, stability, and the highest level of professionalism in the financial sector. Through a continuous innovative process, since 1976, we built the best-in-class platform of people, process, technology, products and service proposition. We are ready to become one of the largest and most distinguished banks, both nationally and internationally.

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Cloud empowerment: Enabling growth in the new

Accenture

At the beginning of 2020, the mindset around cloud adoption in banking and capital markets was in a very different. Much of the industry had settled into a steady but slow migration path to the cloud that was often cautious and incremental. But with the arrival of the global pandemic, all of that changed. Almost…. The post Cloud empowerment: Enabling growth in the new appeared first on Accenture Banking Blog.

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AI Chatbots Face Resistance from Gen X, Baby Boomers

Banking Exchange

Older savers are more likely to shun interaction with AI chatbots compared to younger counterparts Technology Retail Banking Feature3 Feature Financial Trends People Fintech.

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Crypto risk firm Chainalysis benefits from step up in regulation

BankInovation

Chainalysis and other cryptocurrency risk and compliance firms like Elliptic and CipherTrace are benefiting from accelerated cybercurrency enforcement actions by U.S. regulators related to anti-money laundering (AML) concerns and national security. With banks beginning to offer cryptocurrency to customers and cryptocurrency “going mainstream,” federal regulators will continue to increase enforcement efforts and the need for companies such […].

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The Role of Automation in Commercial Lending

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.

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The Imperative of Developing the Next Generation of Bankers

ABA Community Banking

Banking has always been about people and no bank is better than its employees—so it’s incumbent on all of us to recruit the best and brightest. The post The Imperative of Developing the Next Generation of Bankers appeared first on ABA Banking Journal.

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Small bank takes stake in robo advisor to reach the mass affluent

American Banker

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Rebeca Romero Rainey: Starting a new chapter

Independent Banker

Photo by Robert Severi. While we can’t predict what the future holds, we can continue to shape the narrative with our customers and potential customers. Recently at the dinner table, my family had a fascinating conversation about the merits of short stories versus novels. My daughter, an avid reader, made the case that the novel is the superior form of storytelling because it allows the piece to deepen and evolve.

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Automation in large enterprises is mostly small, pilot rollouts

BankInovation

Organizations, including those in financial services, are struggling to realize the full value of automation, in part because they’re tentative about fully rolling it out. That’s left nearly half of process automation deployments at the proof-of-concept stage or team scale, although process automation received a high satisfaction rating in a recent survey by Emergence Partners, […].

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Outsource With Confidence for RDC Program Success

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.

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The era of the office as we knew it is over

Cisco

For the office to have a future, it must offer employees added value. Collaboration software and a laptop are no longer enough to be effective and productive in and out of the office. It has to be completely rethought. Over the past year, many have seen the office move to the kitchen table at home from one day to the next. What was initially unfamiliar has now become part of everyday life – many people no longer want to do without the flexibility and freedom of choice that the home offic

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Student loan servicers fear 1-2 punch from CFPB, Education Dept.

American Banker

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NCR Activate Enterprise NextGen

ATM Marketplace

Unlock exceptional experiences at the ATM

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Germany Thwarts Cyberattack, Denies Impact on Banking System

BankInovation

German authorities thwarted a cyberattack on a data service provider used by federal agencies and pushed back on a report that a broad assault targeted critical infrastructure and banks. The attempt was quickly dealt with and impact on service was “very marginal,” Interior Ministry spokesman Steve Alter told reporters on Wednesday, adding that it was […].

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It Takes Two to Tango

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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BEIS asked for multiple updates on Greensill Covid loan requests, MPs told

TheGuardian

Officials’ emails to British Business Bank raise more questions about Greensill’s lobbying in Whitehall Government officials emailed the British Business Bank eight times for updates on Greensill Capital’s Covid loan requests, MPs have been told, raising further questions about the failed finance firm’s influence across Whitehall. The Bank’s head of operations told the parliamentary scrutiny committee on Tuesday that the Department for Business, Energy and Industrial Strategy (BEIS) had asked fo

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Banks set to move in on credit unions' cannabis turf

American Banker

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DeFi market size stays below USD 48 bln

The Paypers

The DeFi market size stood at below USD 48 bln at the end of June 2021, a large 45% plunge compared to May 2021 figures, according to data presented by BlockArabia.com.

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Savings and investments tech platform Smart receives backing from Chrysalis

BankInovation

This week, retirement, investments and personal finance technology piqued investor interest, and a Latin American cryptocurrency exchange had the largest series B round in Latin America’s history. Bank Automation News explores some of the week’s notable funding rounds here. Smart Smart, a London, England-based savings and investments technology platform provider, announced on Monday a $228M […].

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.