Accenture
DECEMBER 1, 2021
After a decade of disruption, what has changed for commercial banks?? The digital economy has taken off around much of the world over the past 10 years, and the banking sector has been feeling the impact of this transformation and attempting to keep up with it. In fact, the digital transition in financial services began…. The post What’s next after 10 years of banking disruption?
Perficient
NOVEMBER 30, 2021
Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets. The regulators broadly defined crypto assets as any digital asset implemented using cryptographic techniques.
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Abrigo
DECEMBER 3, 2021
OTP bots are the latest fincrime trend. Financial institutions must know how to combat the threat of OTP bots and educate their customers. Learn more about detecting and containing cyber threats at your financial institution. READ MORE. Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts.
Independent Banker
NOVEMBER 30, 2021
Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. » LESS THAN $250 MILLION. Key Community Bank: Leading by example. By Roshan McArthur.
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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
DECEMBER 2, 2021
Banks that are mastering data-driven analysis to unlock a detailed understanding of their customers are using that information to drive tenfold returns on investment. Any advantage in knowledge and strategy can be potentially crucial to increasing profits. But customer behaviors are changing so dynamically that most banks don’t get enough access to the right data when they need it, and haven’t mastered the artificial intelligence (AI) tools that can analyze and use the data they receive in
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
DECEMBER 2, 2021
Spend Leftover Budget Wisely for Growth Financial institutions with surplus budget funds can invest in growth for next year by spending wisely now. Learn how a core deposit analysis helped improve this institution's forecasts. Read more. Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022.
Independent Banker
NOVEMBER 30, 2021
As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. By Elizabeth Judd. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach.
Accenture
NOVEMBER 29, 2021
All eyes on a market in motion The wealth management landscape is expanding and evolving so fast that it’s essentially uncharted territory for many middle market banks. Total global household wealth has grown significantly in recent years, jumping 7.4% in 2020 despite the pandemic. We’re also seeing the steady transfer of assets from older to younger….
Jack Henry
DECEMBER 2, 2021
When it comes to signing up for a new Netflix account, customers can go from first click to watching movies in minutes. This means that when they open a new account at your bank or credit union, they aren’t thinking about the complex security measures that go into protecting their funds. Instead, they’re thinking of the quick and easy process they’ve experienced with their favorite brands.
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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
Abrigo
DECEMBER 1, 2021
How to make loan review more effective When it comes to loan review, there are three key areas to help ensure a more effective process. Would you like other articles like this in your inbox? Takeaway 1 The organizational structure of the loan review process must reflect independence and objectivity. Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. .
Independent Banker
DECEMBER 1, 2021
Photo by Heather Esposito. Let’s collectively commit to being more present in all of our interactions. It won’t be long until we recognize what a true gift that is to ourselves and those we serve. With the holiday season upon us, the concept of “present” takes on a frantic connotation. The quest for the right item can become a daunting task that takes away from its intended spirit of connection.
Jeff For Banks
NOVEMBER 30, 2021
//Note: This is not a banking post.// "Ain't nobody livin' in a perfect world, And everybody's out there, cryin' to be heard And now I got a new fire, burnin' in my eyes Lightin' up the darkness, movin' like a meteorite." I'm All Fired Up! This past Sunday, CBS Sunday Morning ran an excellent segment on Pat Benatar and husband / lifelong bandmate Neil Girardo.
SWBC's LenderHub
NOVEMBER 29, 2021
Last Week. Another crazy week in a wild year. We spent the first three days of the week ratcheting up the odds of the potential of a faster Fed taper and earlier policy rate hikes, then we spent the day after the Thanksgiving holiday reversing those odds in near panic mode.
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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.
Abrigo
NOVEMBER 29, 2021
Noninterest income pressures present challenges Some financial institutions are adapting offerings that generate service charges and fees - important sources of noninterest income. . You might also like this webinar: "Is inflation the big gift to your 2022 earnings?". WATCH. Takeaway 1 Noninterest income has been trending lower in recent years, but service charges and fees make up a larger share.
Independent Banker
DECEMBER 1, 2021
Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. Photo: Ashley Courter. The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. By Roshan McArthur.
BankInovation
DECEMBER 1, 2021
Cryptocurrency as an asset class won't survive unless it's properly regulated, and while it isn't, investors face harm — and some that don't want regulation wish to avoid the law. This was the message today from U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, who spoke alongside former SEC chairman Jay Clayton at the […].
BankUnderground
NOVEMBER 30, 2021
Mahmoud Fatouh. Quantitative easing (QE) involves creating new central bank reserves to fund asset purchases. Deposited in the reserves account of the seller’s bank, these reserves can have implications for banks’ asset mixes. In our paper , we use balance sheet data for 118 UK banks to empirically investigate whether the asset compositions of banks involved in the UK QE operations reacted differently in comparison to banks not involved in the initial rounds of QE between March 2009 and July 201
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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
DECEMBER 3, 2021
Staff processing a £23 parcels duty rebate paid the life-changing sum into a woman’s bank account A woman who woke up to find more than three-quarters of a million pounds had been deposited in her bank account by HMRC has described how she spent a year waiting for it to realise its mistake and reclaim the money and worrying about what would happen when it did.
Independent Banker
NOVEMBER 30, 2021
Photo by Robert Severi. While our decisions over the past year have been driven even more by our mission than by our bottom lines, we’ve also achieved good results. Winter is upon us. Dec. 21 marks the solstice, the official start of winter and the shortest, darkest day of the year. But as I see it, that milestone also signals a transition to light, as days grow longer from there.
BankInovation
DECEMBER 3, 2021
According to a survey recently commissioned by Finder, 23% of Americans own some form of cryptocurrency, reflecting an increase of more than 60% over the past two years. As consumer interest in digital currency grows, community banks and credit unions need to find ways to bring these digital assets and capabilities to their customers. For […].
PopularBank
DECEMBER 1, 2021
You’ve heard U.S. mail delays on the news, read about them in your daily feeds – and perhaps even experienced them yourself. Soon, the old saying “the check is in the mail” may suddenly take on a new reality. Which means now might be a good time to explore alternative payment options. USPS changes delivery timelines. “Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.
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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
NOVEMBER 29, 2021
Challenger banks or neobanks have gained rapid adoption due to their ability to meet customers in the channel of their choice Technology Feature3 Fintech Feature Digital Neobanks.
Independent Banker
NOVEMBER 30, 2021
Terms like ideation and innovation have become buzzwords in our industry, but it takes great leaders to translate exciting ideas into real value. By Lindsay LaNore, ICBA. The subject of last month’s column was how to brainstorm effectively. In other words, how do you come up with ideas to move your bank forward? This begs the question: Once you have those ideas, what comes next?
BankInovation
DECEMBER 2, 2021
A focus on fintech innovation, open banking attainability, and year-over-year indicator growth marked Wednesday’s Q4 earnings call for the National Bank of Canada (NBC). The bank reported revenues of $7 billion, up 13% from the previous year. Total assets increased to $277.3 billion, up 7% from the previous year, while earnings per share (EPS) increased […].
CFPB Monitor
DECEMBER 2, 2021
The CFPB has agreed to settle the lawsuit filed by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor Kathleen Engel challenging the legality of the Bureau’s Taskforce on Federal Consumer Financial Law. The central allegation in the complaint was that the Taskforce failed to comply with the Federal Advisory Committee Act (FACA), a federal law that governs the creation, operation, and management of advisory committees to federal agencies.
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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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