Accenture
OCTOBER 24, 2021
The competitive landscape in banking has shifted. Cloud competence no longer gives a bank an edge—cloud mastery is required. Accenture’s experience has demonstrated that focusing on alignment, ability and adoption—which we also call “The Three As” —is a powerful approach for achieving cloud mastery. In this post we’ll take a closer look at ability. A power accelerant… or a formidable barrier Ability is the….
Abrigo
OCTOBER 28, 2021
Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Read. . Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Takeaway 2 Cyber attacks and cyber fraud are more than just hard dollar losses.
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Jack Henry
OCTOBER 28, 2021
On June 30, 2021, the FFIEC issued a new booklet in the FFIEC Information Technology Handbook (IT Handbook) series entitled, “Architecture, Infrastructure, and Operations” (AIO). Great, you might say … translation, please?
SWBC's LenderHub
OCTOBER 25, 2021
Last Week. It was a tale of two worlds last week. In the rates markets, more and more participants have begun to accept as fact that the inflationary pressures being experienced in all corners of the economy and most of the world aren’t going away anytime soon.
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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
OCTOBER 24, 2021
Neobanks are multiplying rapidly and they offer incredible opportunities to disrupt the financial services market. Accenture’s Global Banking Industry Outlook estimates that in 2020, 20% of all players in the banking and payments sectors were less than 15 years old. But not all neobanks will become profitable, or survive past the startup stage. The rush to market often has founders….
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankUnderground
OCTOBER 29, 2021
Misa Tanaka. This post by Misa Tanaka is based on her talk at the Royal Economic Society’s webinar on Gender Imbalance in UK Economics which took place on 6 October. She is Head of Research at the Bank of England and a member of the Royal Economic Society’s Women’s Committee. . The latest report on the Gender Imbalance in UK Economics by the Royal Economic Society (RES) Women’s Committee makes a depressing read.
ATM Marketplace
OCTOBER 26, 2021
In the next entry on our series on Bitcoin ATMs, we will review Bitcoin Depot's Bitcoin ATM, which can be found at Circle K locations in the U.S.
Gonzobanker
OCTOBER 26, 2021
Embedding ESG into a merger playbook is a strategic move worthy of banks’ consideration. Bankers typically aren’t the segment of society that gets a lot of sympathy. First responders, military personnel, and even TikTok influencers can pull at the heartstrings, but bankers? Nah! However, pull out a Kleenex because one must admit that bankers are surrounded on all fronts right now from a strategic standpoint.
Banking Exchange
OCTOBER 25, 2021
Wells Fargo’s new virtual assistant will launch in 2022 Retail Banking Feature Technology Financial Trends Lines of Business Branch Technology/ATMs Customers Outsourcing/Cloud Feature3.
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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
BankUnderground
OCTOBER 26, 2021
Nathan Sussman. The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. This guest post by Nathan Sussman, Professor of International Economics at the Graduate Institute of Geneva, is based on material included in his conference presentation. The monetary system is going through significant changes: the rise of cryptocurrencies, negative interest rates, and the decline in the role of traditional banks as intermediaries.
ATM Marketplace
OCTOBER 29, 2021
Traditionally, ATMs have mainly served as cash dispensing tools. That is changing in recent years with the advent of solutions such as the interactive teller machine, which can deliver more banking tools to the customer.
TheGuardian
OCTOBER 25, 2021
Bumper profits come as other sectors do not seem to be reaping the same benefits HSBC profits rise 74% as economy rebounds from Covid crisis UK banks have so far reported bumper profit rises in the third quarter, which they say reflects improving economic forecasts. Other sectors do not seem to be reaping the same benefits, particularly in light of the uncertainty linked to the Covid crisis.
BankInovation
OCTOBER 29, 2021
This month saw a number of leadership changes at top Canadian banks, spurred in part by the retirements of long-tenured executives. Among those, Toronto-based TD Bank Group on Thursday announced a succession of changes to its senior executive team. Michael Rhodes, group head of innovation, technology and shared services will take over in January 2022 […].
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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.
MerhantsBanks
OCTOBER 27, 2021
Merchants Financial Group, Inc. (MFGI) has announced financial performance results for the third quarter and two forthcoming dividend payments to shareholders, according to MFGI President & CEO Gregory M. Evans. As a result of strong earnings performance, during its October meeting the MFGI Board of Directors authorized an increase in the semiannual dividend payment from […].
CB Insights
OCTOBER 26, 2021
Following a record-breaking Q2, global fintech private market deal activity remained elevated in Q3’21. . In our State of Fintech Q3’21 Report, we dive into global investment trends to spotlight takeaways including: . The second-highest quarter on record for fintech financing, up 147% YoY. Top equity deals of the quarter, including 3 of the top 5 raised outside the US.
TheGuardian
OCTOBER 29, 2021
As interest rate changes are coming ‘thick and fast’, owners may face big rises in their repayments Budget 2021: key points at a glance Budget calculator: what does it mean for me? Read all our budget coverage The era of record low mortgage rates looks to be over, borrowers were warned this week, with the government’s independent forecasters predicting costs will rise rapidly over the next two years.
BankInovation
OCTOBER 26, 2021
Long gone are the days of free toasters for opening an account. Or promoting online banking as a unique offering. Today, banks differentiate themselves on customer service, which in our digital-first world now means OnScreen customer experiences. Digital Customer Service (DCS) has become a strategic priority for banks seeking to deliver positive customer experiences, build […].
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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
SWBC's LenderHub
OCTOBER 29, 2021
The municipal bond market is unlike any other fixed-income market in numerous ways. It’s a $4 trillion market with millions of individual bonds and credits that trade on an over-the-counter market, which means there is no centralized market like Treasury or corporate bonds. The tax-exempt nature of its dividend stream also adds another layer of confusion as the returns may seem lower, but to the tax-savvy investor, the tax-exempt status offers great value.
CFPB Monitor
OCTOBER 28, 2021
In Part I of this two-part podcast, we examine the CFPB’s proposed rule implementing Sec. 1071 of the Dodd-Frank Act which would impose significant new data collection and reporting requirements on lenders in connection with credit applications made by women- or minority-owned small businesses. After reviewing the history of Sec. 1071 rulemaking (including the lawsuit that prompted the CFPB to act under a court-imposed deadline), we discuss the proposal’s key definitions and data collection req
TheGuardian
OCTOBER 25, 2021
Despite a promise to rectify its mistake, the bank claimed six more times that a reader had paid late Three weeks ago I featured the case of CS from Norwich whose credit score had been trashed after Barclays falsely claimed he and his wife had not paid their mortgage on time for 11 months. As a result the couple had a credit card cancelled by Halifax and would have been unable to access any kind of credit as a result.
BankInovation
OCTOBER 26, 2021
Across an ever-widening, highly funded global field of fintechs, several major themes are emerging in the latest innovations of banking and financial services. Business analytics and market intelligence firm CB Insights whittled down a pool of more than 17,000 companies to produce its fourth annual Fintech 250 list of "most promising" private fintechs.
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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.
Banking Exchange
OCTOBER 26, 2021
The lines between banks and banking are blurring more and more The Economy Technology Financial Trends Retail Banking Feature3 Fintech Financial Research Feature Lines of Business Digital Mobile Online.
CFPB Monitor
OCTOBER 25, 2021
On October 20, 2021, the New York Department of Financial Services published a notice in the New York State Register announcing that it has issued a proposed regulation to implement S 5470–B , which requires consumer-like disclosures for “commercial financing” transactions of $2.5 million or less. Comments on the proposal must be submitted by December 19, 2021.
TheGuardian
OCTOBER 27, 2021
Consumer Reports study finds many pay high annual percentage rates despite good credit scores while car loan debt soars to $1.4bn Americans with new car loans are paying about 25% more for their vehicles every month compared with a decade ago, according to a new investigation from Consumer Reports, with auto loan debt in the US now surpassing $1.4tn.
BankInovation
OCTOBER 25, 2021
Bakkt Holdings Inc., the cryptocurrencies firm that spun off from Intercontinental Exchange earlier this year, tripled after it announced agreements with Mastercard Inc. and fintech firm Fiserv Inc. Gains in the stock accelerated after Bakkt said it has partnered with Fiserv, which offers financial services that allow businesses to move funds into and out of […].
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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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