Accenture
JUNE 9, 2021
Following our article on 5 actions to enable Open Banking for business finance, we now consider how commercial banks can innovate their entire business model by using Open Banking frameworks to build a powerful ecosystem. Open Banking, accelerated by the Consumer Data Right (CDR) in Australia, aims to give customers control of their data and….
BankUnderground
JUNE 9, 2021
Belinda Tracey. ‘Zombie lending’ occurs when a lender supports an otherwise insolvent borrower through forbearance measures such as repayment holidays and temporary interest-only loans. The phrase was first coined for Japan in the late 1990s , but more recently several authors have documented that zombie lending to European firms has been widespread following the sovereign debt crisis (see Acharya et al (2019) , Adalet McGowan et al (2018) , Banerjee and Hofmann (2020) , Blattner et
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
BankInovation
JUNE 8, 2021
An outage at Fastly Inc., a cloud-based content platform that serves many leading international websites, sent swaths of the web offline on Tuesday. Fastly is one of a number of high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.
Perficient
JUNE 9, 2021
In my last blog post, I introduced data lineage. Today, I’ll share what an automated data lineage solution can look like when it’s implemented. In order to reap the benefits obtained from integrating data lineage into the fabric of an overarching data governance program, each of the respective governance tools must be implemented, configured, and populated in its own right.
Advertisement
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.
Accenture
JUNE 8, 2021
In our last post we discussed the different channel strategies banks can adopt when considering their place in the open banking ecosystem. We spoke about the opportunity this brings for banks to distribute their products through non-banks and for banks to distribute non-bank products. Globally we are seeing this happening already, and conversations are increasingly….
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
JUNE 8, 2021
Are ATMs and digital signage a good fit? How can they work together to deliver an omnichannel experience?
SWBC's LenderHub
JUNE 7, 2021
Last Week. While the major stock indices continued to grind higher and Treasury yields drifted in a very tight range, last week was still quite interesting. Retail investors, the new 800-pound gorilla, drove their new love interest, AMC, up 83% for the week. At one point on Tuesday, the stock was up over 140% from the prior week’s close. Other favorites such as Koss, Bed Bath and Beyond, and Blackberry were also driven to the moon.
Accenture
JUNE 7, 2021
In my conversations with banks over the last year, I’ve been asked three common questions: How can we achieve a better quality of service for our customers? How can we simplify our processes so that we can reduce costs and help customers find what they need quicker? How can we improve our productivity so that…. The post How intelligent operations can help European banks prepare for the future appeared first on Accenture Banking Blog.
Abrigo
JUNE 10, 2021
June is Elder Abuse Awareness Month June is Elder Abuse Awareness Month, and it’s a key time for institutions to reassess EFE red flags to prevent these crimes. Looking for more information on preventing Elder Financial Exploitation at your financial institution? Watch Webinar. Takeaway 1 Elder abuse and EFE is a growing concern as the baby boomer generation his their senior years.
Advertiser: ZoomInfo
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.
Banking Exchange
JUNE 10, 2021
Banks are having to reconsider the role physical branches play in a world of digitized customer experiences Retail Banking Financial Trends Feature Technology Customers People Performance Revenue Feature3 Tech Management Mobile Online.
BankUnderground
JUNE 11, 2021
Mahmoud Fatouh. IFRS 9 versus IAS 39. In 2018, IFRS 9 came into effect, replacing IAS 39. IFRS 9 has important implications especially for banks, as they mostly hold financial assets. IAS 39 is based on the incurred-loss model, which allows recognition of credit losses (in the form of provisions) only when there is objective evidence of impairment, dividing loans into performing and impaired loans ( Figure 1 ).
Accenture
JUNE 9, 2021
When people think of bank CFOs, they might be thinking of left-brained numbers gurus who are laser-focused on core finance activities. But today’s CFOs, in banks and across industries, are doing so much more. Many CFOs are increasingly becoming architects of business value. As strategic partners to the business, they aren’t just managing financial operations—they’re….
Abrigo
JUNE 8, 2021
Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Would you like others articles like this in your inbox? Takeaway 1 Civil monetary penalties and reputational risks are reasons why institutions need to employ seasoned sanctions officers.
Advertisement
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.
TheGuardian
JUNE 8, 2021
Continued rise stoked by tax breaks and demand from well-off households likely to deepen inequality, says Andy Haldane Britain’s housing market is “on fire” thanks to the extension of government tax breaks for homebuyers and increased demand from richer households with more savings following coronavirus lockdowns, the Bank of England’s chief economist said on Tuesday.
Accenture
JUNE 8, 2021
Kudos to the gurus: ten years ago, the prediction was that digital would be driving every business today. It is. However, something else has happened, too. Digital now has a co-star. Sustainability. Top billing is no longer solo: it’s a dual affair. Green Economy and Digitalization are the two pillar concepts in Europe’s Recovery Plan. That’s no…. The post Banks stand to benefit as sustainability co-stars alongside digital appeared first on Accenture Banking Blog.
Abrigo
JUNE 7, 2021
Risks ALM Addresses Will Affect Performance and Strategy Asset/liability management models and processes address credit risk, liquidity risk, and interest rate risk. . Would you like other articles on ALM in your inbox? Takeaway 1 The pandemic has shown that financial institutions deal with a variety of risks that can impact cash flow and capital. .
Advertisement
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.
TheGuardian
JUNE 10, 2021
Growth of crypto-assets threatens financial stability and could increase risks faced by banks, they warn Global regulators have said cryptocurrencies such as bitcoin should come with the toughest bank capital rules to avoid putting the wider financial system at risk should their value collapse suddenly. The Basel Committee on Banking Supervision, which consists of regulators from the world’s leading financial centres, is proposing a “new conservative prudential treatment” for crypto-assets that
BankInovation
JUNE 10, 2021
Banks and financial institutions want to automate back-end processes but very often the conversation can get confusing right at the start. Realizing that automation adds efficiency is the first step, but figuring out what to automate first — and how — can be tricky. On a regular day at any institution, humans and software applications […].
Accenture
JUNE 10, 2021
Key themes Purchase volume has continued to show signs of recovery and most issuers are now reporting YoY growth for the first time in a number of; reported spend volumes at or above Q1 2020 levels; all issuers reported modest QoQ declines in spend as is typical following the holiday period Receivables growth continues to…. The post Q1 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog.
PopularBank
JUNE 10, 2021
Premier Rating Firm BauerFinancial Recognizes Popular Bank as a Superior Financial Institution with Five-Star Rating. New York, NY – June 9, 2021 – Popular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) has once again received the distinguished five-star rating from BauerFinancial. BauerFinancial has now rated Popular Bank with five-stars (Superior) for twenty-four consecutive quarters.
Advertisement
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.
TheGuardian
JUNE 11, 2021
Ethical banker whose innovations including direct debits and free accounts transformed financial services for the British public Alastair Hanton, who has died aged 94, was a banker and pioneer of ethical investment and fair trade, as well as a green transport campaigner. Through his innovations, he transformed the day-to-day experience of banking for ordinary British people.
BankInovation
JUNE 9, 2021
Software giant Citrix is looking to “leapfrog” typical text-file-based legacy connections by transitioning to an API-driven treasury management system, and announced today it will use a solution from API-maker FinLync to do so. Treasury management can be cumbersome given how diversified cash holding is for corporate clients, but APIs, or software gateways, allow distinct databases […].
ATM Marketplace
JUNE 8, 2021
The banks that will thrive in this new digital ecosystem are those that understand what customers are looking for, anticipate that need, and find the most innovative way to meet that need with specific products, services and capabilities.
PopularBank
JUNE 7, 2021
Popular Bank invites runners to participate in the Popular Virtual 5K race benefitting Domestic Violence Prevention Programs in New York, South Florida and Puerto Rico. Participants have until August 15th to complete the race for a chance to win select prizes. Running for a Cause. Popular Bank is proud to invite runners to participate in the 2021 Popular Virtual 5K race.
Advertiser: ZoomInfo
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.
Expert insights. Personalized for you.
486 
Let's personalize your content