Sat.May 29, 2021 - Fri.Jun 04, 2021

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The Digital Customer is Here to Stay – Five Principles to Keep Them Engaged

Accenture

In my first blog in this short series on how the behaviour of UK financial services customers has changed amid the pandemic, I looked at the way COVID-19 has accelerated consumers’ migration to digital banking services. And I drew on the UK findings from our Banking Consumer Study: Making digital more human to examine the….

Study 525
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Should Banks Adopt Embedded Lending?

CB Insights

As the pandemic has pushed more financial transactions online, embedded lending — which lets retailers and other non-financial businesses offer lending products to customers — is gaining traction. Today, businesses seeking loans typically go through traditional banks or lenders, which require lengthy processes to determine creditworthiness.

Lending 59
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How Cryptocurrency is Affecting BSA Initiatives

Abrigo

Cryptocurrency continues gaining traction. As the cryptocurrency industry continues to expand, financial institutions must remain vigilant to thwart cybercriminals. Want more BSA training and articles emailed to you? Takeaway 1 The cryptocurrency industry has expanded quickly. Cybercriminals have caught on. Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of.

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The Value of Data Lineage in Financial Services (Part 1 of 4)

Perficient

Over the next few blog posts, I will share how you can supercharge your firm’s data governance programs by leveraging data lineage capabilities. The information I will share with you is based on many years of experience leading and supporting large data governance initiatives in financial institutions. Whether you’re in commercial, retail, or investment banking, asset management, capital markets, payments, or insurance, you can benefit from the use of data lineage concepts, approaches, and tools

Data 294
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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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A clear-eyed approach to the data dilemma in sustainable banking

Accenture

In my last blog post, I outlined the challenges and opportunities ahead for sustainable banking. With this post, I’m joined by my colleague Prithika Priyanshi, Senior Principal from the Center for Data & Insights at Accenture, who specializes in AI-powered sustainability. Just as digital did ten years ago, sustainability now impacts every part of the….

Data 383

More Trending

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Hot Topics: How to Prepare for Your Next BSA Exam

Abrigo

Prepare for your BSA exam by following these tips Getting ready for your upcoming BSA examination takes planning and thinking through several issues. Here's a guide to help. Want more BSA training and articles emailed to you? Takeaway 1 The first step to BSA exam preparation is to review regulatory guidance from the FFIEC and FinCEN. Takeaway 2 Good communication with your BSA examiner and having a team plan are key aspects of exam preparation. .

How To 195
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Bitcoin ATMs take center stage

ATM Marketplace

Although bitcoin has taken a hit recently due in part to recent comments from Tesla CEO Elon Musk, the cryptocurrency still shows no sign of disappearing. In fact, bitcoin ATMs are still growing dramatically.

ATM 140
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Are you empowering relationship managers to serve digitally savvy commercial banking clients?

Accenture

The other day I was chatting with an executive at a major UK commercial bank. And they made an observation that echoed many of their counterparts in other institutions. “I don’t want us to spend the next two years simply dealing with the aftermath of the pandemic,” they explained. “Instead, we need to focus on…. The post Are you empowering relationship managers to serve digitally savvy commercial banking clients?

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Revisiting the New Keynesian policy paradoxes under QE

BankUnderground

Dario Bonciani and Joonseok Oh. In the wake of the global financial crisis in 2008, nominal interest rates in the US and other advanced economies have approached the effective lower bound (ELB). This fact has motivated new research to understand, both theoretically and empirically, the impact of monetary policies when the nominal policy rate is at the ELB.

Policies 111
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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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A Hand Up with a Down Payment

ABA Community Banking

Banks help first-time borrowers tackle the high cost of homeownership. The post A Hand Up with a Down Payment appeared first on ABA Banking Journal.

Payments 107
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NFC vs RFID: What's the difference?

ATM Marketplace

In the contactless industry, we often hear people talk about the difference between near field communication, NFC, and radio frequency identification, RFID. However, there are both differences and similarities between them.

Industry 107
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Fresh auto finance approach boosts market share

Accenture

It’s time to reimagine the auto loan and leasing process. With all the digital tools at our disposal, buyers expect a process that’s fast and transparent. And it could mean a huge increase in market share for auto lenders willing to seize the opportunity. I recently went with my son to purchase his first car—and…. The post Fresh auto finance approach boosts market share appeared first on Accenture Banking Blog.

Marketing 274
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Rebeca Romero Rainey: Staying the course

Independent Banker

Photo by Robert Severi. We must work to remain optimistic in the face of adversity and keep in mind that no matter how difficult that feat may be, it’s worth the effort. When I transitioned from a community bank CEO to ICBA president and CEO, my team gave me a beautiful handmade card with notes and best wishes. On the front is a favorite quote of mine from French writer Anatole France: “To accomplish great things, we must not only act, but also dream; not only plan, but also believe.

Course 104
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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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The empty office: what we lose when we work from home

TheGuardian

For decades, anthropologists have been telling us that it’s often the informal, unplanned interactions and rituals that matter most in any work environment. So how much are we missing by giving them up? In the summer of 2020, Daniel Beunza, a voluble Spanish social scientist who taught at Cass business school in London, organised a stream of video calls with a dozen senior bankers in the US and Europe.

Video 103
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The differing effects of globalization on trade versus migration

BankUnderground

Rebecca Freeman and John Lewis. Compass on old map. Better communications, enhanced transport links, integration agreements between governments, and other factors have all helped increase global economic interconnectedness over the past few decades. Yet, comparing a state-of-the-art gravity model for trade versus migration reveals important differences in the evolution of globalization over time on flows of goods versus people.

Policies 100
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Winds of change: How climate risk is shifting regulatory roles

Accenture

Executive Summary Central banks and regulators around the world know climate risk constitutes a growing risk to financial stability. In their role to enable, manage and supervise financial sector (FS) participants in dealing with environmental risks, a number of them have focused on several crucial areas. Many, however, have been less proactive. They should consider….

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Inflation worries gnaw at top bank CEOs

American Banker

America 100
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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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Cryptocurrency dealers face closure for failing UK money laundering test

TheGuardian

Up to 50 companies dealing in digital assets such as bitcoin could be forced to stop trading immediately Up to 50 companies dealing in cryptocurrencies such as bitcoin may be forced to close after failing to meet the UK’s anti-money laundering rules. The Financial Conduct Authority, the City regulator, announced on Thursday that an “unprecedented number” of companies had withdrawn applications from a temporary permit scheme that allowed firms to continue trading until the regulator could green-l

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Non-Profit Group Backs Digital Payments Firm with $15M

Banking Exchange

US non-profit invests in Airtm in bid to open cross-border digital payments and foreign currency transactions in Latin America Payments Technology Feature3 Fintech Feature Duties.

Groups 99
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Temenos inks cloud partnership with Huawei, eyes expansion in China, Asia-Pacific

BankInovation

Bank software provider Temenos is eyeing an expansion into the Chinese market under a deal inked with IT giant Huawei, announced Thursday. Temenos will offer its cloud-native core banking platform on the Huawei public cloud under a new partnership announced at the Huawei Intelligent Finance Summit 2021 held in Shanghai, China. The cloud-native offering, rolled […].

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Bank of Whittier Offers Very Competitive 12-Month CD Nationwide

BankDeals

California-based Bank of Whittier offers its entire product line nationwide, including a very competitive 12-month CD. Minimum opening deposit is $1k.

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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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Biden corporate tax plan could earn EU and UK billions, study shows

TheGuardian

EU forecast to reap extra €50bn per year with UK expected to gain €200m from BP alone A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research. Should the tax rate be set higher at 25%, the lowest current rate within the seven largest world economies, the EU would earn nearly €170bn extra a year – m

Taxes 98
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Love and money: What banks can learn from fintechs’ apps for couples

American Banker

Fintech 95
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Weekly Wrap: FDIC’s new chief innovation officer weighs in on AI

BankInovation

In this week’s episode of "The Buzz," Bank Automation News tackles the question of what banks can expect from regulatory agencies when it comes to deploying artificial intelligence (AI) in financial services. AI may offer a competitive advantage for U.S. companies, Sultan Meghji, the FDIC’s new chief innovation officer, told BAN. And while he said […].

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2 digital banking trends to follow post-pandemic

ATM Marketplace

While physical branches aren't going anywhere anytime soon, in order to suceed in the post-pandemic world, they will need to adjust to two major digital banking trends.

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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.