Sat.Jan 15, 2022 - Fri.Jan 21, 2022

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5 Tips To Become The Ultimate Productivity Ninja

BankBazaar

All those who work remotely must figure out how to set boundaries between business and personal life. Here’s a simple guide to mastering the new normal and boosting productivity based on personal experience. The pandemic drove humanity to shift its way of life. Obviously, no one ever wishes for a pandemic, yet it has occurred and continues to occur.

How To 78
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Roadmap to build future-ready banking operations

Accenture

North American banks are under pressure due to declining net income but bullish in their outlook. They face rising client expectations and regulatory requirements, as well as aggressive new fintech competitors. To combat these challenges, banks need to move towards future-ready operations, grounded in the latest technology with people who know how to use it.

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Effective Loan Pricing in Today’s Rate Environment

Abrigo

How to Price Loans Effectively Effective loan pricing is more imperative than ever for financial institutions, given the outlook on interest rates and other factors. . You might also like this webinar, "Is Inflation the Big Gift to Your Future Earnings?" WATCH . Takeaway 1 Bankers might have hoped the close of 2021 would bring an end to the challenging rate environment and low yields. .

Lending 195
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Are You Already Planning to Reforecast Your Loan Loss Projections for 2022?

Perficient

Everywhere you look and read, we are reminded of the key drivers behind the rising debt and delinquencies Americans face, as well as indications there’s much more to come: Inflation increased at the fastest rate in 40 years over the last twelve months, exceeding expectations, the Labor Department announced on January 12, 2022. Used vehicles , which have become a top leader for the current inflationary environment, have increased 37% over the past year.

Lending 492
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Back to Basics with Reconciliations

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.

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Crypto Exchange BitMEX to Buy 268-Year-Old German Bank to Deliver ‘Banking 2.0’

PYMNTS

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. The purchase of Munich-based Bankhaus von der Haydt, established in 1754, is a vital step in its goal of creating “a regulated crypto products powerhouse in the heart of Europe,” said BitMEX Group CEO Alexander Höptner in a blog post.

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What Does “Community” Mean for Modern Financial Institutions?

Jack Henry

For decades – maybe even centuries – an individual’s sense of community was most often based on their interactions in a particular physical location. Neighbors, schoolmates, coworkers, and even those with whom they shared a place or method of worship formed a person’s community. Until recently, community banks and credit unions typically defined their base through a location-based means as well: a neighborhood, a group of individuals working in a particular field, or residents of a particular co

Community 179
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Banking Trade Group Urges CFPB to Further Study Overdraft Use

Banking Exchange

Follows December’s overdraft report from bureau which considered additional policy guidance Compliance Feature Duties Feature3 Consumer Credit Customers People Compliance Management Credit Risk Compliance/Regulatory.

Study 148
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Onbe: 2021 Was the Year of Adaptability

PYMNTS

Last year saw workers around the world move out of survival mode and dedicate themselves to finding solutions to meet the needs of our new reality. Onbe CEO Bala Janakiraman expects that innovation to continue as more organizations embrace the digital transformation that working remotely requires. Read his thoughts in the PYMNTS eBook , “In a Word: 50 Thought Leaders Sum Up 2021.”.

eBook 159
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Four ways European banks help customers reach their goals

Accenture

The other day, when I went into my local bank branch to speak with my advisor, I was struck by the immensity of the transition which banking in Europe is going through right now. In an incredibly competitive environment, banks are facing tremendous pressure. They’re seeing historically low rates and declining profits, which is leading…. The post Four ways European banks help customers reach their goals appeared first on Accenture Banking Blog.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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How to Improve Branch Performance & Streamline Branch Operations Processes

Jack Henry

The last two years have called for undeniable change in the financial industry. They’ve called for forced branch closures, highlighted the importance of contact centers, and accelerated adoption of digital channels. They’ve shined a spotlight on the need for banks and credit unions to have technology in place that will improve branch performance so they can offer the service their accountholders deserve.

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US Banks Turn to Technology To Compete Against FinTechs

Banking Exchange

Traditional banks lack the underlying technology to undertake digital transformation reveals ISG report Technology Financial Trends Feature3 Fintech Feature Tech Management Mobile Online Outsourcing/Cloud.

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U.K. Treasury Increasing Cryptocurrency Ad Regulations

PYMNTS

The U.K. Treasury said Tuesday (Jan. 18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes the crypto billboards that have recently been spotted along the London subway system, the report says. “Research suggests that understanding of what crypto actually is is declining, suggesting that some users may not fully understand what they are buying,” the U.K

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Market Commentary: Week of January 18, 2022

SWBC's LenderHub

Last Week. Last week was “all inflation all the time," with a little bit of disappointing large bank earnings thrown in. On Tuesday, we got the headline CPI number for December printing at an optically ugly (but anticipated) seven percent. CPI, excluding Food and Energy, did surprise to the upside, coming in at 5.4% year over year.

Marketing 142
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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency

ABA Community Banking

As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. Banks are responding to this new customer demand. The post Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency appeared first on ABA Banking Journal.

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Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms

Banking Exchange

“That’s not our job. We don’t tell banks which sectors to lend to”, the Federal Reserve said Risk Management Compliance Feature3 Feature Duties Climate Crisis SRI Exchange Socially Responsible Investing SRI.

Lending 147
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2022 and You: Cybersecurity Threats and Trends

Jack Henry

It’s that time of year once again – to take a look ahead at what we can expect in cybersecurity for the new calendar year. The effects of the global pandemic continue to impact not just our health but our global economy, and cyber-attackers are just as persistent as those fighting for our wellbeing. Not surprisingly, ransomware is expected to remain a top threat for businesses worldwide.

Trends 109
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The costs and benefits of reducing the cyclicality of margin models

BankUnderground

Nicholas Vause and David Murphy. Following a period of relative calm, many derivative users received large margin calls as financial market volatility spiked amidst the onset of the Covid-19 (Covid) global pandemic in March 2020. This reinvigorated the debate about dampening such ‘procyclicality’ of margin requirements. In a recent paper , we suggest a cost-benefit approach to mitigating margin procyclicality, whereby alternative mitigation strategies would be assessed not only in terms of the r

Strategy 121
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Is Your Current Card Platform Holding You Back?

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

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New Launch: TurboLoan powered by Chola

BankBazaar

Unveiling BankBazaar’s first co-branded Personal Loan – TurboLoan, powered by Cholamandalam Finance. With a completely digital, paperless process, superfast money is now super easy. Here’s everything you need to know and more! . If you’re looking for a little extra moolah for any reason, a Personal Loan is a good option. And if you’re shopping around for a Personal Loan at competitive rates with a quick and hassle-free process, may we suggest BankBazaar’s first co-branded Personal Loan – Tur

Branding 148
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Deals and dollars: Qraft pulls down $146M in series C round

BankInovation

Fintechs worldwide saw sizeable funding rounds this week, with investment fintech Qraft closing a $146 million series C round and crypto exchange Rain nabbing $110 million in a series B round. Qraft hauls in $146 million Investment management fintech Qraft has closed a $146 million series C funding round led by $402 billion Japanese financial […].

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Paul Myners, ‘tower of strength’ in financial crisis, dies aged 73

TheGuardian

Former Labour minister, City grandee and chair of Guardian Media Group, hailed by Gordon Brown Paul Myners, the City grandee and former Labour minister brought in to government to tackle the 2008 financial crisis, has died at the age of 73. Regarded as an influential figure in both the square mile and politics for his time advising the former prime minister Gordon Brown on the historic bailout of the British banking system, Baron Myners, of Truro in the county of Cornwall, died in the early hour

Groups 98
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Bank of the West Offers $250 Checking Account Bonus

BankDeals

Bank of the West is currently offering a $250 bonus when opening a new Any Deposit Checking account. Available in 19 Western and Mid-West states now through 4/15/2022.

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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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CFPB to begin examining post-secondary schools that loan directly to students

CFPB Monitor

The CFPB has announced that it will begin examining post-secondary schools, such as for-profit colleges, that extend private loans directly to students and/or parents to fund undergraduate, graduate, and other forms of postsecondary education. The announcement was accompanied by the CFPB’s issuance of an update to its Education Loan Examination Procedures manual.

Lending 78
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U.S. Bank: Technology investments expected to level off in 2022

BankInovation

Technology investment was a major point of focus for U.S. Bank’s fourth-quarter earnings report, but the bank expects investments to remain level in 2022. The $573 billion bank made significant digital banking investments in Q4, acquiring MUFG Union Bank in an $8 billion deal, along with fintechs TravelBank and Bento. However, the level of investment […].

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Credit Suisse boss António Horta-Osório resigns over Covid breaches

TheGuardian

Former chief executive of Lloyds attended Wimbledon when he should have been in quarantine Coronavirus – latest updates See all our coronavirus coverage The chairman of Credit Suisse, António Horta-Osório, has resigned after the Swiss bank found that he had broken Covid-19 quarantine laws, with attendance at the Wimbledon tennis tournament thought to be among the allegations.

Groups 97
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Creating a Culture of Compliance: Ultimate Business Growth

Banking Exchange

Pseudo-anonymity and decentralization are main characteristics of cryptocurrencies Compliance Compliance Management Compliance/Regulatory Feature3 Feature Bank Performance Cryptocurrency Bitcoin Blockchain Cyberfraud/ID Theft Security.

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3 Ways Managed Device Services Help Community Banks Cut Costs

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