Sat.May 15, 2021 - Fri.May 21, 2021

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Integrated Receivables ‘Defined’

Jack Henry

Merriam-Webster's Dictionary defines ‘integrated receivables’ as the aggregation, validation, and normalization of payment data to…wait no, I am not going to start there. Defining a perspective concept is much like trying to hold the wind in your hand; as soon as you think you have it, it has already moved on. Integrated receivables, like most modern-day concepts, is rooted in anticipating unpredictability rather than refined processes.

Data 103
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Payment Fraud Fears Grow During Pandemic

Banking Exchange

More than half of consumers have become more concerned about fraud since Covid-19 Risk Management Technology Cyberfraud/ID Theft Operational Risk Feature Feature3 Mobile Tech Management Online Cards Security Checks/Remote Deposit Capture Payments.

Fraud 78
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How to Build Future-Ready, Intelligent Operations That Drive Customer Experience and Faster Growth

Accenture

In my first blog on the future of banking operations in a post COVID-19 world, I examined why banks must reduce their operational costs dramatically just to stand still. In this follow-up post, I zero in on how to achieve the scale of cost reduction required – while also building the intelligent, growth-enhancing operations function….

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Federal Reserve and Other Banking Agencies Extend Comment Period for Artificial Intelligence

Perficient

Perficient highlighted in a blog more than a month ago that the five federal financial institution agencies – Board of Governors of the Federal Reserve System (The Fed). Consumer Financial Protection Bureau (CPFB). Federal Deposit Insurance Corporation (FDIC. National Credit Union Administration (NCUA). Office of the Comptroller of the Currency (OCC). were seeking public comment to understand the public’s views on the use of AI by financial institutions in their provision of services to cu

FDIC 365
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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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Fintechs and crypto pose a creative threat to traditional banking

Payments Source

Fintech 210

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Three innovative solutions shaping the future of the banking industry

Accenture

The Efma-Accenture Banking Innovation Awards are always a highlight of the year for me—and 2021 promises to be one of the most exciting competitions yet. As my colleague Alan McIntyre mentioned earlier this year, “Banks in 2020 were forced to make years’ worth of technology and business model changes in a matter of months.” So,…. The post Three innovative solutions shaping the future of the banking industry appeared first on Accenture Banking Blog.

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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Working in a global digital consultancy, our colleagues thrive on our challenging, fast-paced projects. And over the past twelve weeks, the students in Perficient’s Bright Paths program surely know a thing or two about fast-paced project execution! Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact.

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Open banking must incorporate financial inclusion

Payments Source

Fintech 182
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Quantifying culture and its implications for bank riskiness

BankUnderground

Joel Suss, David Bholat, Alex Gillespie and Tom Reader. ‘Bad cultures’ at banks are often blamed for scandals and crises, from the global financial crisis to the mis-selling of payment protection insurance (PPI) in the UK. Yet surprisingly little research has tested this claim. This is because quantifying culture is difficult to do. Our working paper gives it a go.

Survey 145
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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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What post-pandemic business travel teaches us about the new normal

Accenture

Last week, I was lucky enough to spend time at the Regions Tradition golf tournament in Alabama with our good friends from Regions Bank. The event went off without a hitch and was a welcome re-entry into travel in a safe, vaccinated, face-to-face environment. The event was great—and thought-provoking for me, as it was one…. The post What post-pandemic business travel teaches us about the new normal appeared first on Accenture Banking Blog.

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Improving Debt Collections – It’s More Than Just Technology…

Perficient

Our financial services practice is helping banks, credit unions, and other credit providers optimize their collections process by infusing to omni-channel technology, process improvements, and best practices. We’re helping them connect with more customers than ever before, and in new ways, to achieve higher contact rates. Through our work, we’ve found that other opportunities exist…beyond technology.

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HSBC launches B2B wallet for storing, using foreign currency

Payments Source

Payments 160
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ATMIA: Texas ATM human trafficking bill 'based on false premise'

ATM Marketplace

A proposed law to register ATMs in Texas to fight human trafficking has drawn criticism from the ATM industry.

Texas 136
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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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Market Commentary: Week of May 17, 2021

SWBC's LenderHub

Last Week: It was a wild week for stocks, driven by a rather shocking Consumer Price Index (CPI) print for April on Wednesday. CPI, year over year, rose 4.2%. Market economists were already expecting a significant increase of 3.6%, so the large miss to the upside was huge. With the rising price of just about everything, the specter of inflation grew stronger, punishing stocks--especially growth stocks.

Marketing 113
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Funding wrap: Fintech investors find their new unicorn in Amount 

BankInovation

Two companies with valuations in the billions attracted investor interest this week. The latest Bank Automation News funding wrap includes one buy now pay later (BNPL) tech firm that has a unique partnership with Barclays US and another fintech that is breaking ground as a trading platform for recurring revenues. Here’s a look at the highlights: Amount: The latest fintech unicorn On Monday, BNPL technology firm Amount closed a Series D capital raise bringing in close to $100 million of additio

Fintech 98
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Epic’s remedy for App Store ‘terrible’ for users, Cook says

Payments Source

Apple 157
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Bank 21 Offers Competitive Rewards Checking/Savings In Western MO

BankDeals

Bank 21 (MO) offers its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Saver accounts in western Missouri. Must be opened in-branch.

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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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IBB Published 92nd Banking Diploma Notice and Timetable

FluentBanking

Even in this amid COVID pandemic IBB has not stopped from taking a banking diploma a professional banking exam. It helps the bankers in a variety of ways from getting knowledge to get promoted. Presently most of the banks making this exam mandatory to pass. On May 04,2021 IBB has published the result of the 91st banking diploma and also published the timetable for the 92nd banking diploma.

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Google puts tools rivaling Microsoft, Slack at center of I/O

BankInovation

Google unfurled an expansive range of consumer products and gee-whiz research at the kickoff of its marquee annual conference, with announcements spanning quantum computing, garrulous bots, automated photo animations and dermatology screenings. The technology giant bookended the presentation with tools made for workplaces, underscoring the company’s desire to position itself as a leader in the less […].

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European Central Bank warns of pricing pressure from U.S. payment firms

Payments Source

Payments 154
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How to teach your kids about money: earning, saving and spending

Qudos Bank

As parents, it’s natural to want your children to have happy, comfortable and fulfilling lives. And you can play a huge role in shaping your little ones’ habits and behaviours to ensure they are set up for success.

How To 98
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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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Share your digital banking/ATM stories

ATM Marketplace

You have a story to share, and we at ATM Marketplace want to help you spread that story to the world.

ATM 91
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US Bank bolsters API fintech strategy with new Plaid partnership

BankInovation

U.S. Bank will partner with data integrator Plaid to provide customers with easier access to third-party apps, a move that extends the bank's strategic use of application programming interfaces (APIs). The deal is an indicator of the times as banks begin to signal more fintech partnerships in the coming year. U.S. Bank customers will be […].

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New retail should combine the physical with digital

Payments Source

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The fintech Amount raises $100M from Goldman Sachs, Barclays, others

American Banker

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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.