Sat.Oct 09, 2021 - Fri.Oct 15, 2021

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Q2 2021 US card issuer earnings commentary

Accenture

Credit Card Receivables & Purchase Volume YoY Growth: 2Q21 Earning call commentary Growth “We’ve ramped up our acquisition engine. We’re pleased to see overall acquisitions of proprietary cards, which include our co-brands, increased to 2.4 million new cards acquired in the quarter.”– American Express “Spending accelerated as COVID vaccinations increase, business reopen, and domestic….

Cards 244
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Your Top 3 Loan Growth Challenges – Solved

Jack Henry

Eighteen months ago, few could have imagined the changes to our world that would occur in 2020 and 2021. The pandemic brought the most significant challenge the global economy since the great recession. This roller coaster ride has produced challenges and left bank and credit union executives wondering how to respond. What approach would meet their goals for borrower assistance, revenue generation, portfolio growth, and credit quality in the years ahead?

Meeting 167
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Market Commentary: Week of October 11, 2021

SWBC's LenderHub

Last Week. It was a chaotic week for just about every asset class. The supply of goods and services across the globe continues to have the transitory camp scrambling to redefine “transitory," as we saw WTI crude oil touch $80 during the week. The Commodity Research Bureau Raw Material Index ended the week less than one percent from its all-time high.

Marketing 147
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Making Banking Easier with Intelligent Branch

Cisco

It’s a time of transition and digital transformation in financial services. Whether a retail bank, wealth management firm, credit union, or insurance company with a banking segment, the financial industry is facing dramatic changes on how best to accommodate customers, and what is the appropriate mix between brick-and-mortar bank branches, remote work, self-service ATMs, and digital platforms.

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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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How equipment finance can take advantage of servitization

Accenture

In the past two weeks, I’ve had the opportunity to go to two college football games, FSU vs. Syracuse and Wisconsin vs. Notre Dame. Both were good games for someone, just not for both of my teams. Regardless, it made me think about outcomes and expectations. At one game I wanted a specific outcome: a…. The post How equipment finance can take advantage of servitization appeared first on Accenture Banking Blog.

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Malware is Calling. Will Your Users Answer?

Jack Henry

Phishing – in the modern digital world, you no doubt have an idea of what phishing entails, but do you know where the name comes from? In the mid-90s, hackers were fast at work targeting America Online (AOL) accounts. Hackers knew most users wouldn’t take the bait from rather obvious email-based “fishing” lures, but they also knew a select few, out of the sea of internet users, would inevitably respond.

America 109
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Pinning the tail on the economy: why domestic developments aren’t enough

BankUnderground

Simon Lloyd and Ed Manuel. Central banks don’t just care about what is expected to happen. They also care about what could happen if things turn out worse than expected. In line with this, an emerging literature has developed models for measuring and predicting overall levels of macroeconomic risk. This body of work has focused on estimating the level of ‘ tail risk ‘ in a country by monitoring a range of domestic developments.

Policies 105
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Azor review – eerie conspiracy thriller about the complacency of the super-rich

TheGuardian

Andreas Fontana’s debut feature is an unnervingly subtle drama about a Swiss private banker visiting clients in Argentina during the period of the military junta and ‘disappearances’ Pure evil is all around in this unnervingly subtle, sophisticated movie; an eerie oppression in the air. Andreas Fontana is a Swiss director making his feature debut with this conspiracy drama-thriller, shot with a kind of desiccated blankness, about the occult world of super-wealth and things not to be talked about

America 100
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Gradually, Then Suddenly: The Sequel – CB Insights CEO Anand Sanwal On The Future Of Financial Services

CB Insights

Tech is eating every industry. It was happening gradually. Now, it’s happening suddenly. Especially across financial services. In his 2021 Future Of Fintech keynote presentation entitled “Gradually, Then Suddenly: The Sequel,” Anand Sanwal, CEO and co-founder of CB Insights, covers the two reasons why the dramatic change is occurring: An absolute flood of fintech innovation capital.

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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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Fifth Third Bank Offers $300 Checking Account Bonus

BankDeals

Fifth Third Bank is offering a $300 bonus when opening a new checking account. Available through 12/31/21 in FL, GA, IL, IN, KY, MI, MO, NC, OH, PA, SC, TN, and WV.

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A brief guide to implementing digital card programs

BankInovation

Financial service providers continue to rethink and evolve delivery models to accommodate today’s need for robust self-service financial experiences. Where the “personal touch” was once prized among all other interactions, today’s focus is on social distancing recommendations and remote capabilities — pushing banks to identify and deliver digitally-based capabilities that the times, and consumers, now […].

Cards 98
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What is CIB report ? How does it impact your creditworthiness ?

FluentBanking

Many of us intend to apply for a loan, even though we have some knowledge of banking don't know anything about CIB report and how can it be used as the main source for decision making in the lending operation of the bank and other financial institution. In developed countries, financial institutions use a variety of methods to justify the creditworthiness of the loan applicant.

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Software firm Monit latest beneficiary of small banks’ fintech funding

American Banker

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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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Stripe, Hubspot, And JP Morgan Are Buying Audiences. Why Acquiring Media Companies And Communities Is About To Explode

CB Insights

Over the last month or so, JP Morgan has purchased 2 content/media assets. In early September 2021, it bought The Infatuation, a publisher that offers reviews and recommendations on restaurants in 50 cities across the USA and internationally. And later in the month, it bought Frank, an online portal with content and tools that help students research and apply for financial aid.

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Bank of England warns of potential crypto crash

BankInovation

The Bank of England is concerned that unregulated crypto growth could end with major price correction with far-ranging consequences. "There are well-founded concerns around crypto assets in relation to investor protection, market integrity and financial crime" that could have implications to financial stability, said Sir Jon Cunliffe, deputy governor of financial stability at the $959 […].

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How the cloud is revolutionizing financial technology

ATM Marketplace

By utilizing the cloud, financial institutions can not only reduce infrastructure costs, but they can also acquire products and services much quicker than under traditional circumstances.

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Is modernizing National Bank Act the answer to fintech charter woes?

American Banker

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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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Philip Hammond adds cryptocurrency role to post-Treasury jobs list

TheGuardian

Former chancellor joins Copper.co as adviser weeks after being criticised by Westminster lobbying watchdog The former chancellor Philip Hammond has added another job to the dozen or so he has taken on since leaving the Treasury in 2019, this time as an adviser to a Mayfair-based cryptocurrency trading firm. Lord Hammond, who also served as foreign secretary and was an early supporter of bitcoin and other digital currencies, joined Copper.co with immediate effect on Monday.

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Banks and real-time payments players team up on cross-border payments

BankInovation

Banks on both sides of the Atlantic have created a high-speed cross-border payments proof-of-concept project headed up by three powerhouses of payment and messaging. The Immediate Cross-Border payments (IXB) initiative proves that it’s possible to synchronize settlement in one instant payment system, with settlement in another, and to convert real-time messages between both systems, according […].

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Payroll API Provider Atomic Raises $22M To Expand Its Platform

CB Insights

Atomic , a payroll API provider, has raised $22M in a Series A. This round drew participation from Core Innovation Capital, Greylock Capital Management, and Portag3 Ventures. How’s the company performing? Utah-based Atomic’s payroll APIs connect payroll accounts to third-party apps in order to streamline direct deposit switching and employment/income verification for users.

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Deposit surge puts credit unions in regulatory bind

American Banker

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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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Bank Customers Lose Real Money

Jeff For Banks

You worked hard, saved money, and reduced or eliminated debt. You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Now, after forty years of toil and delayed gratification, you're ready for retirement. If this were 2006, things would be good. The Fed Funds Rate stood at 5.25%, and inflation in check at 2.5%.

Taxes 78
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Payroll API provider Atomic raises $22 million in series A funding round

BankInovation

Atomic, a payroll integration API provider, has raised $22 million in a series A funding round announced Tuesday. The round was led by Core Innovation Capital and saw participation from Portag3 Ventures and Greylock Capital, both existing investors in Atomic. The funds will be used toward scaling Atomic’s offerings and onboarding new staff. Atomic’s APIs […].

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CFPB publishes Director Chopra’s statement to staff and other regulators

CFPB Monitor

The CFPB has published the statement that Director Chopra sent to CFPB staff and other financial regulators following his swearing-in on October 12. The statement can be found here.

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Wells Fargo's latest regulatory stumble puts CEO in hot seat

American Banker

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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.