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
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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.
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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.
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.
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.
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.
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.
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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
ATM Marketplace
JUNE 8, 2021
Are ATMs and digital signage a good fit? How can they work together to deliver an omnichannel experience?
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.
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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.
Jack Henry
JUNE 10, 2021
Let’s set the stage for what economic activity we are likely to see during the second half of 2021 and through much of 2022. The Conference Board is forecasting real GDP growth above 6% for the year, fueled by a strong 6.4% annualized growth rate in Q1, federal stimulus, and pent-up consumer demand. This includes a quarterly annualized forecast of 8.6% in the second quarter and 6.4% in the third.
Banking Exchange
JUNE 9, 2021
Bringing in new customers is increasingly happening online rather than in person Technology Retail Banking Financial Trends Lines of Business Payments Tech Management Branch Technology/ATMs Mobile Online Cards Feature3 Feature.
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. .
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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
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.
Banking Exchange
JUNE 9, 2021
ABA warns of wide-ranging impacts of central bank digital currencies Risk Management Technology Feature3 Fintech Feature Financial Trends Blockchain Bitcoin Cryptocurrency.
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.
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 […].
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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.
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.
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.
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.
BankInovation
JUNE 11, 2021
This week, Buy-Now-Pay-Later (BNPL) players and digital banks stayed on investor radars and valuations for companies continued to skyrocket. Other notable funding rounds included an ID verification player and a banking app looking to go public via a Special Purpose Acquisition Company (SPAC) listing. Here are the highlights of some of the more notable rounds: Klarna Klarna, one of the top BNPL fintechs, announced on Thursday a new equity funding round of $639 million, giving the company a post-m
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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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