Sat.Jul 17, 2021 - Fri.Jul 23, 2021

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Four Ways Banks Can Help Main Street USA Thrive Again

ABA Community Banking

With the right blend of people, empowerment, customized solutions and technology, banks are well-positioned to be heroes by growing with small businesses and supporting their efforts. The post Four Ways Banks Can Help Main Street USA Thrive Again appeared first on ABA Banking Journal.

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It’s Back to the Future for Payments

Accenture

This blog is based on my keynote presentation at the 2021 Payments Canada SUMMIT Payments leaders probably feel like they are living in the future right now. The pandemic changed the industry forever. Digital adoption has exploded across all age groups. Uptake of tap-and-pay has likewise gone through the roof. It feels like the industry….

Payments 419
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Financial Institutions Prepare for Post-Pandemic World

Banking Exchange

SRM commentary advises banks to review operational models and names M&A and digitalization as top trends for 2021 Management Feature M&A Financial Research Human Resources Feature3.

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FinCEN AML/CTF Priorities Part 3: Terrorist Financing

Abrigo

Key Priority: Foreign and Domestic Terrorist Financing Among FinCEN's first list of key priorities for AML/CFT policy is detecting, reporting, and preventing foreign and domestic terrorism. Would you like others articles like this in your inbox? Takeaway 1 Human trafficking and human smuggling often intersect with the financial industry. Takeaway 2 After drug trafficking, human trafficking is the second-largest criminal industry in the world.

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Back to Basics with Reconciliations

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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But I Really Like My Technology Vendor!

Gonzobanker

How much are you willing to pay to be chummy with your solution provider? In a recent survey of banks and credit unions about their technology vendor contracts, Cornerstone Advisors found that more than half of these financial institutions allow emotional factors to influence their negotiation processes. And it’s costing them money. We’ve negotiated enough contracts to understand why this happens.

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Market Commentary: Week of July 19

SWBC's LenderHub

Volatility in both stocks and bonds returned last week as the CDC trumpeted the arrival to our shores of “The Pandemic of the Unvaccinated”. Rather suddenly, the markets have begun to put less focus on current economic developments such as the surging price of just about everything and continued signs of strong economic growth, and more toward pessimism on the future as COVID cases across the nation are skyrocketing again.

Marketing 148
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5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union

Abrigo

Looking to Increase SBA Loan Origination? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Want other articles like this on SBA loan origination in your inbox? Takeaway 1 Offering SBA loan origination can expand your product offerings to win deals with prospects and existing customers or members.

Lending 195
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New standard set to revolutionize the ATM world

ATM Marketplace

The ATM industry is now at the beginning of creating the new standard that will eventually take over and provide enormous benefits to all ATM stakeholders including vendors, banks and ATM user.

ATM 135
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Does corporate leverage amplify economic downturns? A dive into the literature

BankUnderground

Sudipto Karmakar, Alexandra Varadi and Sarah Venables. This post reviews the literature on the consequences of debt for corporate and macroeconomic outcomes, drawing both on the pandemic period and on previous financial crises. Lessons from previous crises show that high leverage can amplify corporate risks and economic downturns by: increasing reliance on external financing that may dry up in stress; through debt overhang problems; or by increasing linkages between corporates and other sectors

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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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Global Digital Banking Market to Reach $30.1B by 2026

Banking Exchange

Technology and Covid-19 propel push towards cashless society according to new market study Technology Tech Management Feature3 The Economy Feature Digital.

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5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Abrigo

Looking to Increase Loans through the SBA? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Would you like others articles like this in your inbox? Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. .

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ITMs move beyond video to self-service

ATM Marketplace

Interactive teller machines in the past were typically just ATMs with video capabilities, allowing customers to speak to a teller on the screen. Now, ITMs are moving beyond video to offer full self-service banking.

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Weekly Wrap: Leveraging AI to gain Gen Z customers

BankInovation

This week, the Bank Automation News team discusses how identity decisioning platform provider Alloy is using artificial intelligence to attract Generation Z customers. Gen Z, youth born after 1997, can present a challenge to banks because they generally lack traditional credit and banking services. The BAN team also drilled down on the security risks posed […].

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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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Women in Credit Awards Recognize Two More FICO Leaders

FICO

. Last year I was proud to announce that three of our leaders in EMEA - Louise Lunn , Nicola Pickering and Anat Hoida - had been named finalists in the Women in Credit Awards, sponsored by Credit Strategy. Today I'm delighted to announce that we have two finalists in this year's Women in Credit Awards ! Michelle Beetar , Vice President and Managing Director for Africa, at FICO has been shortlisted for Team Leader of the Year.

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Treasury to sell off further NatWest shares worth up to £1.2bn

TheGuardian

Government still holds a 54.7% stake in NatWest after 2008 £46bn bailout to keep bank afloat The Treasury has announced plans to sell off another tranche of NatWest shares over the next 12 months, as part of ongoing efforts to return the taxpayer-owned bank to private ownership. The government, which still holds a 54.7% stake in NatWest, said it was rolling out a “prearranged trading plan” in what could mark its third sale of shares this year.

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3 sessions you shouldn't miss at the Bank Customer Experience Summit

ATM Marketplace

There are many sessions at the Bank Customer Experience Summit that will provide excellent information. Here are three in particular that you should check out.

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Goldman spinoff Simon tops $800 million as WestCap invests

BankInovation

Simon Markets, a financial-technology platform that spun out of Goldman Sachs Group Inc., secured up to $100 million in a financing round led by growth equity firm WestCap. The funding round will enable the New York-based firm, which counts financial advisers as users, to expand into alternatives like private equity and hedge funds, as well […].

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Is Your Current Card Platform Holding You Back?

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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State Of Fintech Q2’21 Report: Investment & Sector Trends To Watch

CB Insights

Q2’21 marked another banner quarter across deals, funding, exits, and mega-rounds for global fintech. In this report, we dig into what drove this quarter’s $30.8B funding boom and explore trends including embedded insurance, compliance in the age of cryptocurrencies, and emerging corporate card and expense management players. . Report Highlights: Q2’21 was the largest funding quarter on record.

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Mortgages: don’t be dazzled by super-low interest rates

TheGuardian

Ultra-low fixed-rate deals can look very attractive, but the no-fee higher rate can often make for a better bargain Headline-grabbing mortgage rates have been coming thick and fast in recent weeks. It started with the first sub-1% deal in several years, and has continued with lenders launching their cheapest home loans ever. As of last week it’s been possible to tie-in for two years at just 0.94%, or fix for five at as little as 1.06%. “ A number of providers have launched eye-catching sub-1% ra

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ICX Association names award winners in interactive customer experience

ATM Marketplace

The Interactive Customer Experience Association presented its annual Elevate Awards during the #ElevateICX Virtual Symposium last week. The awards recognize innovation in digital signage, kiosk, mobile, omnichannel and emerging technologies.

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Tab Bank ramps up digital transformation

BankInovation

Saying that Tab Bank, a fully digital bank headquartered in Ogden, Utah, began as a modest operation, would be an understatement. Established in 1998, the financial institution was started through an affiliation with a truck stop chain, where truckers could go to fax bills of lading documents to the bank for cards used to pay […].

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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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Regulators Eye Fintech Partnerships Amid Risk Management Review

Banking Exchange

Announcement follows upsurge of fintech partnerships and industry demand for better alignment on guidance Compliance Risk Management Feature3 Feature Duties Compliance Management.

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Online banking and gaming services hit by internet outage

TheGuardian

HSBC, PlayStation and others affected on Thursday in issue possibly related to Akamai Edge DNS The websites of HSBC, ITV and Waitrose were among those hit by a widespread outage that briefly caused disruption on Thursday afternoon. Major online banking services – including Barclays, TSB, the Bank of Scotland, Tesco Bank and Sainsbury’s Bank – were either entirely or partially inaccessible for a short period.

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Dept. of Defense issues report to Congress on Military Lending Act rate cap

CFPB Monitor

The Department of Defense (DoD) has issued a report to the House Committee on Armed Services regarding the impact of a Military Annual Percentage Rate (MAPR) cap lower than 30% on military readiness and servicemember retention. The DoD, in consultation with the Treasury Department, was required to provide the report by the National Defense Authorization Act for Fiscal Year 2021.

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5 ways to grow automation across an organization

BankInovation

A June survey by IT research firm Emergence found only 12% of large enterprises out of 177 surveyed have deployed automation at a companywide scale, raising the question of what it will take to increase the scale of automation use. Bank Automation News posed the question to Emergence founding partner and RPA expert Sarah Burnett. […].

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3 Ways Managed Device Services Help Community Banks Cut Costs

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