ATM Marketplace
JUNE 22, 2021
Banks from across the world are beginning to use robots for tasks ranging from counting money to handling customer requests. These robots are not only simplifying tasks, they are also transforming the branch experience
FICO
JUNE 24, 2021
Smarter, faster, and fairer credit decisions are set to help drive opportunities and financial inclusion for millions more adults right across Europe. It’s all down to demand-driven innovation in advanced analytics and alternative data. Across Europe, legislation like PSD2 is driving the growth of a well-informed generation of digital-first, data-savvy customers who are directly benefitting from the opportunities Open Banking and the related financial ecosystems on offer.
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Perficient
JUNE 23, 2021
In my last blog post, I shared what a 360-degree view of data means when centered around data lineage principles. Today, in my final blog post of this data lineage series, I’ll discuss how Perficient’s Data Governance Maturity Model can help enhance your data programs. Given the power of data lineage to augment and enforce an established enterprise data management program, it often helps to have an experienced partner on the team.
TheGuardian
JUNE 19, 2021
Nicholas Wilson says redress scheme is a direct result of his campaign over excessive charges Nicholas Wilson has spent years pursuing HSBC over the way it treated some people who fell behind with payments, and when he claimed the bank might owe customers more than £200m, it arguably sounded pretty fanciful. For more than a decade he was ignored and dismissed but HSBC eventually set up a £4m compensation scheme to remedy “a historical issue”.
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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.
BankUnderground
JUNE 25, 2021
Robert Czech, Simon Jurkatis, Arjun Mahalingam, Laura Silvestri and Nick Vause. Financial markets reflect changes in the economy. But sometimes they amplify them too. Both of these roles were evident as the Covid-19 (Covid) pandemic materialised. As the economic outlook deteriorated, risky asset prices fell in reflection of that. And those falls were amplified as some investors reacted by liquidating assets.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ABA Community Banking
JUNE 24, 2021
For Bernard Tynes, realizing the power of marketing takes the perfect combination of gut feeling and hard information. The post Driven by Data appeared first on ABA Banking Journal.
TheGuardian
JUNE 23, 2021
Bank warns staff they have less than three weeks to take both Covid jabs or continue working from home Coronavirus – latest updates See all our coronavirus coverage Employees and visitors to Morgan Stanley will be barred from entering the bank’s New York offices unless they are fully vaccinated against Covid-19 from next month, as the Wall Street firm prepares to get staff back to their desks by early September.
FICO
JUNE 21, 2021
With novel artificial intelligence (AI) applications multiplying like rabbits these days, it may seem like the current wave of AI innovation is all beer and skittles. Lawsuits have a way of sobering up any metaphorical party and, in the wake of numerous high-profile racial bias and fairness cases, The Wall Street Journal reports that companies including Google, Twitter and Salesforce say they “plan to bulk up ethics teams responsible for evaluating the behavior of algorithms.”.
ATM Marketplace
JUNE 25, 2021
One question that often emerges in the world of ATMs is: Do we need additional ways to authenticate customers?
Advertiser: ZoomInfo
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.
ABA Community Banking
JUNE 21, 2021
By focusing on employee empowerment, banks of all sizes are catalyzing innovation and a healthy workplace culture. The post The Fully Empowered Banker appeared first on ABA Banking Journal.
TheGuardian
JUNE 22, 2021
Note honouring mathematician, computer pioneer and codebreaker contains advanced security features The new £50 note goes into circulation on Wednesday – but with consumers increasingly going cashless, for millions of people it may be months or even years before they see or touch one. It’s been around for 40 years, but the £50 note doesn’t have a great image: there is a perception that aside from some overseas tourists, the only people who use them are criminals, tradespeople looking to evade tax
BankInovation
JUNE 21, 2021
Forget Elon Musk tweets, regulatory missives and Bitcoin’s energy consumption. To hedge fund manager Shiliang Tang, the biggest crypto story this year is taking place in the shadows: An options market that’s booming and shaking up digital-currency trading along the way. At his $130 million fund LedgerPrime, filled with Wall Street converts from the likes […].
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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.
ABA Community Banking
JUNE 23, 2021
Many banks have until January 1, 2023 before they must implement the current expected credit loss standard, or CECL. But it’s not too soon to start gleaning lessons from larger institutions that are already utilizing the new standard. The post CECL’s First Wave Offers Insights for Smaller Banks appeared first on ABA Banking Journal.
TheGuardian
JUNE 25, 2021
Millions of older and vulnerable people cut off from ATMs and banking services, charity finds Banks must move swiftly to guarantee access to money for everyone as the cash system in part of the UK veers towards market failure, a national charity has said. Age UK warned that millions of UK citizens are cut off from cash and banking services. The lack of facilities is causing many to fall victim to financial abuse after being forced to rely on others to make transactions on their behalf, the chari
American Banker
JUNE 21, 2021
BankInovation
JUNE 21, 2021
Cybersecurity firm Akamai has seen a 45% year-over-year increase in automated “credential stuffing” attacks, which use stolen user names and passwords to specifically target financial institutions. The financial services industry is one of the hardest hit when it comes to this form of attack, said Steve Ragan, a security researcher at Akamai, a cybersecurity and […].
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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.
Cisco
JUNE 21, 2021
How organizations can provide safe environments and smart spaces – part 1. Ready to roll up your sleeves and get back to the office? Many employers are eager to get their workforce under one roof. CEOs like Goldman Sachs’ David Solomon and JPMorgan Chase’s Jamie Dimon have announced their current remote workforce will soon return to the office either full time or in a hybrid model.
Jack Henry
JUNE 24, 2021
Over the past year, the banking industry has seen many unprecedented events that have resulted in both margin- and capital-related challenges. The flat, ultra-low yield curve coupled with the bloated growth of non-maturity deposit balances have many banks considering how to best deal with the current reality. To forecast strategic and economic impacts on key metrics, banks continue to rely heavily on financial modeling using various tools available.
BankInovation
JUNE 23, 2021
BNY Mellon is expanding its cash-management solutions by tacking on cross-currency sweeps, allowing clients with cash holdings in multiple currency accounts to concentrate them into their preferred base currency.?The automated liquidity-management tool was launched today and can help reduce internal cash management costs and risks. “Sweeping” refers to the process of moving cash balances from […].
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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.
TheGuardian
JUNE 21, 2021
UK business leaders voice concerns over creation of two-tier workforce and harm to city centre economies The heads of the UK’s largest business lobby group and two major City employers have warned against giving workers the legal right to demand remote working, claiming it would harm young employees and city centre economies. Lord Bilimoria, the president of the CBI, said that while employees should be able to request the option of working from home, flexible working arrangements must be allowed
ATM Marketplace
JUNE 23, 2021
Bitcoin ATMs are quickly becoming more common. But how beneficial are they to your business? Ayman Rida, CEO of Cash2Bitcoin, discusses this and more with Bradley Cooper, editor of ATM Marketplace.
BankInovation
JUNE 24, 2021
As the banking industry continues to innovate and as the lines between fintechs and financial institutions continue to blur, open banking is booming, with the market size estimated to reach $43.15 billion by 2026, at 24.4% CAGR, according to Allied Market Research. It’s easy to see what’s so appealing about the benefits that open banking […].
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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.
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