Accenture
DECEMBER 21, 2021
Back in 2009, Apple coined the catchy phrase, “there’s an app for that.” Since then, apps (single-use apps, that is) have multiplied exponentially and become part of everyday life for most people. But a new breed of app is on the rise, and it’s threatening to consolidate power and market share. The “super-app” is becoming…. The post Rise of the “super-app”: Opportunity or threat?
Abrigo
DECEMBER 20, 2021
AML Penalties Are Back and Stronger Than Ever FinCEN is enforcing actions for BSA violations and failure to maintain effective AML programs. Would you like other articles like this in your inbox? Takeaway 1 Reprieve is over, FinCEN is announcing penalties and enforcing action for BSA violations. . Takeaway 2 A strong AML program is critical in guarding against money laundering and terrorist financing risks.
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CFPB Monitor
DECEMBER 23, 2021
The CFPB, FTC, DOJ, and Federal Reserve Board have filed a joint amicus brief in the U.S. Court of Appeals for the Seventh Circuit urging the court to reverse a district court ruling that an individual who had already received credit from the defendant and who was not currently applying to the defendant for credit was not an “applicant” for purposes of the ECOA’s adverse action notice requirement.
SWBC's LenderHub
DECEMBER 21, 2021
“ When you can’t borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match.” – Henry Hill – Goodfellas. I have always wondered what the difference is between the mob “Bust Out” made famous in the movie “Goodfellas” and a Private Equity Leveraged Buy-out. In a mob bust out, your friendly organized crime gang becomes your business partner.
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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.
TheGuardian
DECEMBER 20, 2021
Lender ‘failed to be open and cooperative’, says regulator the PRA The Bank of England has fined Standard Chartered £46.5m for repeatedly misreporting its liquidity position and for “failing to be open and cooperative” with the regulator. The Bank’s Prudential Regulation Authority (PRA) said Standard Chartered had made five errors in reporting an important liquidity metric between March 2018 and May 2019, which meant the watchdog did not have a reliable overview of the bank’s US dollar liquidity
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
DECEMBER 21, 2021
It's difficult to believe we are almost to the end of 2021, while many of us are still processing 2020. But through all these years, ATM Marketplace has continued to report on the banking and fintech industry. And for this year in particular, one topic rose above the rest to dominate the top most read articles: Bitcoin ATMs.
SWBC's LenderHub
DECEMBER 20, 2021
Last Week. Last week was mostly about the Fed’s FOMC December meeting, until it was not! The week started with November PPI coming in red-hot. The narrative was set for a more hawkish Fed in 2022 as the realization set in that inflation was not transitory and stronger medicine was needed. On Wednesday, Chairman Powell did not disappoint as he announced that the Fed would go “Turbo-Taper” and double the amount of tapering on a monthly basis with the result being zero new purchases of Treasury not
TheGuardian
DECEMBER 24, 2021
Ex-TSB chief has ‘unrivalled business experience and will bring an outsider’s eye to the NHS’ Ministers have chosen a senior banker as the new chair of NHS England, with a brief to push through changes in the way the service operates and cut spiralling waiting lists. Richard Meddings, a former chair of TSB Bank, will take over the role early in the new year.
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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.
BankInovation
DECEMBER 23, 2021
Robotic process automation (RPA) company UiPath and research firm IDC this month launched a free interactive assessment tool that offers organizations a tailored response on how to automate for good. But what, exactly, does it mean to “automate for good?” UiPath and IDC looked to the United Nations for its definition, said Margareta Mucibabici, public […].
Jack Henry
DECEMBER 23, 2021
Layers of Protection Exist Everywhere. We don't realize how often we apply layers of protection in our daily lives. Some protections come naturally, like our skin and hair to protect our bodies from the environment. Some protections are taught to us. When we play sports, we wear layers of protection to reduce the risk of injury: helmets, gloves, chest pads, knee pads, mouth guards.
TheGuardian
DECEMBER 18, 2021
Enforced takeovers during the crisis will mean a bumper year for the bankers who advise on billion-dollar deals Just as most of us are feeling the effects of soaring inflation, which the Office for National Statistics said last week had reached a 10-year high of 5.1% , wealthy bankers and traders are looking forward to receiving extraordinarily large new year bonuses.
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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.
BankInovation
DECEMBER 22, 2021
Banks and fintechs implementing open application programming interface (API) builds should look first to security measures as early security and authentication checks prevent up to 80% of risk vectors in API frameworks, Jason Harmon, chief technology officer at API design and development company Stoplight, tells Bank Automation News in this episode of “The Buzz” podcast. […].
CFPB Monitor
DECEMBER 23, 2021
The final version of the National Defense Authorization Act for Fiscal Year 2022 (NDAA) ( S. 1605 ) currently awaiting President Biden’s signature does not contain several proposed provisions that members of the consumer financial services industry had opposed. Specifically, the NDAA does not contain provisions that would have: Expanded coverage of the Military Lending Act’s 36% “all-in” rate cap to all consumers.
Banking Exchange
DECEMBER 22, 2021
Bloomberg reported that credit unions are seeking the ability to hold crypto-assets directly Technology Lines of Business Financial Trends Feature3 Feature Blockchain Bitcoin Cryptocurrency.
American Banker
DECEMBER 20, 2021
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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.
BankInovation
DECEMBER 22, 2021
IT solutions provider CDW Corp. on Dec. 15 announced a partnership with Clearfind that will give its clients access to Clearfind's automated enterprise software evaluation and consolidation platform. The platform initially is being offered to CDW's banking, pharmaceutical and manufacturing clients, but ultimately will be targeted to "all industries with complex software management needs," according […].
CFPB Monitor
DECEMBER 22, 2021
On Monday, the CFPB and DOJ announced that they sent joint letters to landlords/property management companies and mortgage servicers regarding the protections given to servicemembers by the Coronavirus Aid, Relief and Economic Security (CARES) Act and the Servicemembers Civil Relief Act (SCRA). Letter to landlords/property management companies. The letter only addresses SCRA protections for early lease terminations and evictions.
Banking Exchange
DECEMBER 21, 2021
Trading revenue declined by $1.3 billion, down 15.5% on the previous quarter Risk Management Feature Feature3 Commercial The Economy Financial Research Financial Trends.
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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.
BankInovation
DECEMBER 23, 2021
This month saw Citizens promote its long-time interim chief executive officer to the position permanently, while Bank of America Chicago named a new president. Bank Automation News takes a look at December’s movers and shakers. Gerald Shields named CEO of Citizens Citizens named Gerald Shields as its new chief executive officer, effective Jan. 1. He […].
CFPB Monitor
DECEMBER 21, 2021
In their June 2021 request for information regarding financial institutions’ use of artificial intelligence (AI), including machine learning, the CFPB and federal banking regulators flagged fair lending concerns as one of the risks arising from the growing use of AI by financial institutions. Last week, in an apparent effort to increase its scrutiny of machine learning models and those that use alternative data, the CFPB published a blog post titled “ CFPB Calls Tech Workers to Action ,” in whic
Banking Exchange
DECEMBER 21, 2021
Virginia-based bank surpassed industry average score, but four US banks fall short Retail Banking Feature Feature3 Customers Community 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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