BankInovation
FEBRUARY 9, 2022
The COVID-19 health crisis has forced organizations to pivot to new ways of working. Companies and government agencies are fighting to maintain business continuity while helping their customers, employees and other stakeholders cope with the stress of a health crisis. For banks and financial services institutions, the pandemic has had a major impact on both […].
Gonzobanker
FEBRUARY 8, 2022
While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. It’s been a long two years since bankers and investment bankers nationwide made their annual pilgrimage to the Arizona desert for the Acquire or Be Acquired conference – and ohhh man, a completely different world has emerged since the January 2020 get-together!
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Accenture
FEBRUARY 8, 2022
Ten years ago, the word “bank” evoked imagery of long lineups, heavy paperwork and months-long processing time. Fast-track to today, and customers want a one-stop solution to cater for an “on the move” lifestyle. Boundaries between differentiated services have blurred and customers’ expectations of banks go beyond their conventional financial needs to encompass all realms….
Perficient
FEBRUARY 8, 2022
Perficient’s Kevin Colletti recently joined forces with Srini Alagarsamy and Patrick Daly from GM Financial, as well as Adobe’s Chris Young to present the webinar, “How GM Financial Elevates the Customer Experience with Journey Science.” In the webinar, the panelists discussed how having a firm grasp on journey science can help personalize the customer experience.
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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.
Abrigo
FEBRUARY 11, 2022
Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Register. Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard. Takeaway 2 Some financial institutions had hoped for a delay, but a majority of members voted for a consistent accounting standard on schedule.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
FEBRUARY 7, 2022
It’s time to stop talking about digital banking as though it’s an end game. Today’s digitalization is just the first step in the more holistic transformation to come. In the first of my focused insights on the Future of Banking, I’ll discuss a few of the meaningful changes banks need to undertake in order to…. The post Growth beyond digital banking: A new day dawns appeared first on Accenture Banking Blog.
SWBC's LenderHub
FEBRUARY 7, 2022
Last Week. The best way to describe last week is, “the week of the hawk." On Thursday, the Bank of England became the first of the major central banks to raise policy rates 25 basis points with four members of the BOE’s committee calling for a 50-basis point hike. Not to be outdone, the uber-dove ECB signaled its readiness to remove extraordinary monetary accommodation, setting off a rout in European Government Bonds.
Abrigo
FEBRUARY 10, 2022
AMLA will see changes in 2022 Now is an optimal time to evaluate the effectiveness of your beneficial ownership and due diligence program. . You might also like this webinar on the changes related to the AMLA. WATCH. Takeaway 1 In the aftermath of the Pandora Papers, AMLA heightened measures to discourage bad actors. Takeaway 2 Current beneficial ownership requirements emphasize the importance of knowing your customers.
Cisco
FEBRUARY 10, 2022
The question that I get asked most often by financial services CXO’s is “how do we move beyond just ‘supporting’ Hybrid Work to ‘powering’ Hybrid Work with the right technology stack so that we can address the challenges of attracting and engaging an evolving workforce and keep the organization moving forward in an agile and sustainable way.”. Throughout the pandemic, financial services firms have been prioritizing health and safety of their employees by implementing hybrid work while abiding by
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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
Accenture
FEBRUARY 9, 2022
Cloud adoption across all industries accelerated during the COVID-19 pandemic as organisations were forced to rapidly adjust their businesses and workplace models. As they move from a capital expenditures (CAPEX) model of IT spending to a more scalable and elastic operating expenses (OPEX) model, new functions and capabilities—as well as changes in culture—are required to….
ATM Marketplace
FEBRUARY 11, 2022
Owners and operators of self-serve kiosks, ATMs and vending machines are sitting on one of the biggest business opportunities that they may not even be aware of: digital-out-of-home advertising
Abrigo
FEBRUARY 8, 2022
What NBFIs Should Know About Their AML Programs NBFI AML compliance requirements are top of mind in today's regulatory environment. Here are 10 basics to ensure a sound program. You might also like this downloadable Customer Due Diligence Checklist. DOWNLOAD . Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions.
BankUnderground
FEBRUARY 8, 2022
Alberto Polo. Could the slow response of deposit rates to changes in monetary policy strengthen its impact on the economy? At first look, the answer would probably be ‘no’ Imperfect pass-through of policy to deposit rates means that the rates on a portion of assets in the economy respond by less than they could. But what if this meant that the rates on other assets responded by more?
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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
FEBRUARY 11, 2022
Ben Ottum has joined Merchants Bank as a Mortgage Lender, according to Larry Accola, President for Merchants Bank in Eau Claire. “Having someone with Ben’s experience and knowledge of the local housing market on our team will be a huge benefit to our customers looking to fulfill their home dreams through buying or building,” said […].
BankInovation
FEBRUARY 11, 2022
Digital transformation, digital innovation, future proof — the list of buzzwords for the digitization of banking keeps growing. But banks are heavily regulated and typically saddled by legacy technology and processes. As a result, they simply can’t innovate like startups can and shouldn’t try. When people hear the word innovation they imagine a world-changing invention. […].
FICO
FEBRUARY 10, 2022
When we talk about alternative data, we focus on how it can help bring millions more people into the mainstream credit ecosystem. An important benefit of finding new broad-based data sources and incorporating them into widely-used credit scoring models is the ability to provide greater visibility into the overall profile of an applicant population. FICO® Score XD 2 allows for exactly that.
TheGuardian
FEBRUARY 11, 2022
Under changes coming in on 14 March, retailers will have to verify customer is who they claim to be Online shoppers in the UK can expect more identity checks – and probably more card-declined messages – over the coming weeks, as retailers get ready for new anti-fraud rules that come into force on 14 March. Buyers have already started seeing more requests to verify their ID as payments providers and retailers adopt the new strong customer authentication (SCA) rules.
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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
ATM Marketplace
FEBRUARY 11, 2022
A lot has changed in the past 50 years since the ATMs first came to market, especially in the last two years with the pandemic.
BankInovation
FEBRUARY 10, 2022
The surge in digital and mobile banking adoption has led to an increase in fraudsters deploying more account takeover (ATO) attacks. Digital is a low-risk, high-reward environment for cyberattacks, Andy Renshaw, senior vice president at fraud and risk management company Feedzai, told Bank Automation News. Account takeovers increased threefold between 2019 and 2021, according to […].
CFPB Monitor
FEBRUARY 10, 2022
In a blog post , the CFPB reported that the Department of Veterans Affairs (VA) has announced a change to when it will report information on outstanding medical bills to consumer reporting companies. Under the new VA rule, the VA will only report medical debt that meets all of the following standards: The VA has exhausted all other debt collection efforts, The VA has determined the individual responsible is not catastrophically disabled or entitled to free medical care from the VA, and.
SWBC's LenderHub
FEBRUARY 7, 2022
As we kick off 2022, pandemic blues are still very much part of our daily lives and many Americans are contributing to the economic recovery by spending their feelings. They’re buying more cars (or trying to, with current semiconductor shortages), finally taking COVID-rescheduled vacations, and returning to retail shops and movie theaters.
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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.
BankBazaar
FEBRUARY 7, 2022
The journey to mastering your money starts with the first step – smart saving. Take those baby steps today with these simple practices. A penny saved is a penny earned as the saying goes. However, if this is easier said than done for you, here are a few easy ways to start taking those baby steps towards building your savings this year. If you’re someone who is regularly turning out your bare pockets towards the end of every month and eagerly awaiting a fresh infusion of cash in the form of your
BankInovation
FEBRUARY 10, 2022
KeyBank will use automations to migrate its platforms and applications to Google Cloud. The multiyear partnership announced last week will give the bank access to Google’s advanced data and artificial intelligence (AI) technologies. Migrations come with challenges, but the $186.3 billion bank already has established a program with several workstreams to manage aspects of the […].
CFPB Monitor
FEBRUARY 7, 2022
A bill was recently introduced in the Oklahoma legislature that would impose new limits on the use of automated dialing systems. If enacted, the bill would become effective November 1, 2022. Titled the “ Telephone Solicitation Act of 2022 ,” the bill would prohibit the use of an “automated system” to make a “telephonic sales call” without the “prior express written consent” of the “called party.”.
ATM Marketplace
FEBRUARY 8, 2022
Will countries begin to adopt bitcoin as official currency? Some already are making the leap.
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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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