Sat.Apr 03, 2021 - Fri.Apr 09, 2021

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A Future-Ready Approach: Journey to the Cloud

Accenture

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems. That means taking the journey to the cloud – a typically incremental process by which banks shift their core-systems architecture to a flexible,….

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Bill Pay: The Digital Wallet’s New Frontier

ATM Marketplace

Michael Kaplan is the Chief Revenue Officer and General Manager at PayNearMe. Kaplan has played key roles in the strategy, development and growth of multiple platforms and markets. A seasoned executive in the payments, fintech, prepaid and mobile markets, Kaplan shares his knowledge and insight on digital wallets with ATM Marketplace

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Laundering Rules are Getting Tougher, But Also Easier to Follow

Payments Source

Banking Compliance Payment fraud AML

Fraud 101
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Successfully Managing Your REO in a Post-Pandemic Environment

SWBC's LenderHub

No one could have predicted the level of disruption we’ve all faced following the onset of the COVID-19 pandemic last year. If your financial institution has been thrown into unfamiliar territory and you aren’t sure what to do or how to manage your large REO portfolio , we have a few ideas that we would like to share.

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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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In banking, sustainability is the new digital. Now what?

Accenture

This year´s reporting season has brought sustainability and environmental, social and governance (ESG)-related efforts to the forefront of international banks’ annual reports, including their future outlooks and bold pledges. The message is clear: banks are emerging as a major force in reaching the UN´s Sustainable Development Goals (SDGs). We’ve seen changes in the C-suite, too.….

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Concerns over insider trading mount

Bobsguide

Insider trading must be tackled by regulators to provide a fairer market for small shareholders, particularly since the pandemic caused record levels of retail trading accounts, says Mohammed Rharrabti, senior business analyst at Natixis. “You can go to a forum and see many people exchange.

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When Genius Failed—Again

SWBC's LenderHub

Wall Street has had more than its share of drama over the last three decades. However, what started to unfold two Fridays ago with Bill Hwang’s Archegos family office had grizzled Wall Street veterans staring, stupefied, into the abyss.

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Open Banking in the Middle East: Time is of the essence

Accenture

This is the first in a series of in-depth thought leadership pieces on Open Banking in the Middle East. This one explains Open Banking and outlines key considerations for the Open Banking journey. Subsequent pieces will focus on the business case for banks in the region and lay out the actions they need to take…. The post Open Banking in the Middle East: Time is of the essence appeared first on Accenture Banking Blog.

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Blue Ridge Bank Launches PPP Platform for Self-Employed

Banking Exchange

Platform will help gig workers and contractors access government Covid-19 support Consumer Credit Business Credit Community Banking Feature3 Feature Duties Fair Lending Fintech PPP Covid19 People The Economy.

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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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Covid-19: A Look Back at How Our Predictions Panned Out

Jack Henry

On April 1, 2020, Jack Henry FinTalk published a blog post on what we think would happen during the pandemic, along with some best practices and change to look for within BSA and fraud systems. Now, let’s take a look back at that article and see what has come to fruition and what the impact was on the rest of 2020.

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It’s windy when it’s wet why UK insurers may need to reassess their modelling assumptions

BankUnderground

Giorgis Hadzilacos, Ryan Li, Paul Harrington, Shane Latchman, John Hillier, Richard Dixon, Charlie New, Alex Alabaster and Tanya Tsapko. The 2015/16 storms caused the most extreme flooding on record , with parts of the UK impacted by heavy precipitation and extreme wind over a four-month period. These extreme weather events occurred in quick succession, hindering relief efforts and accruing £1.3 billion in insured losses.

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Four common questions about SWIFT’s new CSP requirements for 2021

Accenture

All SWIFT customers are required to complete independent assessments as part of the Customer Security Programme (CSP), which helps SWIFT customers fight cyber-attacks. As of 2021, to be considered compliant, these assessments must be done by an independent organization. Here are answers to four common questions about the assessments. 1. What’s behind the change?

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The Real Story on Bank Branch Closures

ABA Community Banking

Some branches are closing but that doesn’t mean reduced access to banking services, especially in lower-to-moderate-income neighborhoods. The post The Real Story on Bank Branch Closures appeared first on ABA Banking Journal.

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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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Extinction Rebellion to step up campaign against banking system

TheGuardian

Group aims to highlight financial sector’s role in climate crisis through escalation in tactics this week Extinction Rebellion is planning to step up its campaign against the banking system with a series of direct action protests and debt strikes in the coming weeks aimed at highlighting the financial sector’s role in the escalating climate crisis. Last week the group targeted Barclays Bank’s headquarters in London and the Bank of England as well as high street branches across the UK as part of

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Contactless payment uptake offers opportunity for advance financial security

ATM Marketplace

Nick Maynard, senior vice president and Charvi Gandotra, senior innovation manager at the nonprofit, Commonwealth, share their thoughts and insights on how the pandemic actually helped increase contactless payments.

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B2B payments product investment themes

Accenture

COVID-19 has had a profound impact on businesses of all sizes. Over the past 12 months, organizations across the globe have faced substantive impacts to their receipts, disbursements, and in consequence, liquidity. As organizations pivot to the new normal – remote workforce environments included – technology is helping to power their transformation.

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Bank RPA market set for boom

Bobsguide

Banks are becoming increasingly reliant on robotic process automation (RPA) technology – a trend that is expected to become more entrenched. According to SSON Analytics banks are by far the largest RPA users, coming in at a 51 percent share of entire market share. Next highest on the list.

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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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US to enter post-Covid boom ‘torn by income inequality,’ says JP Morgan boss

TheGuardian

Jamie Dimon says in shareholder letter economy on edge of ‘Goldilocks moment’ but upbeat news comes with caveats The US has been “torn and crippled by politics, as well as racial and income inequality” but is about to enter a post-pandemic boom, according to JP Morgan boss Jamie Dimon. Related: Banks pledge to fight climate crisis – but their boards have deep links with fossil fuels Continue reading.

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Fintech Discovery startup Upswot signs co-sell deal with Microsoft

BankInovation

Fintech platform Upswot has signed a co-sell agreement with tech giant Microsoft that includes support from Microsoft’s sales team as well as a free proof-of-concept of its business finance management platform on Microsoft’s Azure cloud. Upswot CEO and founder Dmitry Norenko announced the deal via a LinkedIn post from his personal account Wednesday.

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Merchants Financial Group, Inc Reports Strong Performance and Shareholders Re-elect Three Directors

MerhantsBanks

WINONA, Minn. – During its annual shareholder meeting, which was held virtually on Thursday, April 8, Merchants Financial Group, Inc. (MFGI), reported strong 2020 earnings growth and shareholders re-elected three Directors to the MFGI Board. MFGI formally reported net income of $21,511,521 for 2020, an 8.8% increase over 2019 earnings. The year’s results were impacted […].

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Debt Collection in the Pandemic: Compassion Is Critical to Success

FICO

The economic and financial fall-out following the turbulence of the past 12 months has highlighted the critical need for agility, flexibility and adaptability in unprecedented times. This is particularly true for managing debt collection in the pandemic. It’s clear that being slow to react or tone-deaf to customers facing financial difficulty by delivering impersonal or threatening collections messages — while lacking the flexibility to find collaborative ways to solve your customers challenges

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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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Business chiefs say their advice ignored in No 10's race report

TheGuardian

Enterprise section ‘laughably simplistic’ and looked to TV programme Dragons’ Den for answers Black and minority ethnic business leaders who contributed to the controversial government report on race have widely condemned its findings, saying their recommendations were ignored for containing “inconvenient truths”. The working group on enterprise and employment, led by the British Business Bank, began meetings last September.

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Bank Automation News, Kearney Announce Content Partnership

BankInovation

Bank Automation News and Kearney, a leading global consultancy, have formed a content partnership that will deliver crucial analysis and insight on banking technology and automation. The partnership will include the participation of Kearney consultants in Bank Automation News events and webinars. Bank Automation News and Kearney will kick off their alliance with Kearney’s participation […].

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Fannie Mae and Freddie Mac Announce Plans to Purchase Only New General Qualified Mortgage Loans

CFPB Monitor

As previously reported , the CFPB proposed to delay the mandatory compliance date for the new general qualified mortgage (QM) rule that amends the Regulation Z ability to repay/QM rule from July 1, 2021 to October 1, 2022. Comments on the proposal were due by April 5, 2021. Currently, for applications received before July 1, 2021, lenders may originate loans using the original 43% debt-to-income (DTI) ratio QM loan, the new general QM loan based on an APR limit, and the temporary QM loan based o

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Is it Time for the Resign of the E-Sign “Reasonable Demonstration?”

Banking Exchange

The E-Sign Act was signed into law over two decades ago Technology Duties Feature Compliance Tech Management Branch Technology/ATMs Mobile Online Security Checks/Remote Deposit Capture Compliance/Regulatory Cyberfraud/ID Theft Consumer Compliance Feature3.

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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