Sat.Apr 10, 2021 - Fri.Apr 16, 2021

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4 Tips for Bank and Credit Union Process Improvement

Jack Henry

In our current age of technology, speed, and extreme expectations, the ability of banks and credit unions to quickly provide answers, complete transactions, and deliver service is no longer simply a convenience feature – it’s an absolute necessity. Simply put, it could be the difference between someone who hangs up the phone and someone who becomes an accountholder for life.

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Safety First: How to Handle Supplier Banking Data

ATM Marketplace

Angela Anastasakis is the senior vice president of operations and customer success for Nvoicepay, a FLEETCOR Company. She shares with ATM Marketplace her insight and more than 30 years of leadership in banking how to safely handle customer data

How To 70
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4 Reasons Your Financial Institution Should be Using Social Media

SWBC's LenderHub

It’s no secret social media has made its way into millions of Americans’ everyday lives. These days, it’s basically essential that businesses have a social media presence—and for good reason. Your consumers—current and future—are actively using social media to engage with their favorite brands, make purchases, and seeking for social proof from their peers on products and services they are considering.

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What is a Loan Origination System (LOS)?

Abrigo

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. You might also like this report on commercial loan automation systems DOWNLOAD. Takeaway 1 The lending landscape is increasingly competitive and the process is frustrating. Here's what a loan origination system is.

System 338
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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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Federal Reserve Board Now Accepting Applications For The Community Advisory Council

Perficient

The Federal Reserve Board announced this week that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). Formed in 2015, CAC advises the Federal Reserve Board on issues affecting consumers and communities. The Federal Reserve Board also has two other advisory councils with members represent depository institutions.

Community 309

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How To Claim Tax Break On An ELSS SIP While Switching Jobs

BankBazaar

If you’re worried that your ELSS SIP may be impacted because of a switch in your job, read on. If you’re tired of slogging away at your job and getting paid peanuts for it, a job switch can hold the answer to your work woes. Not only does a job switch present an opportunity for career advancement and diversifying your skill set, the rise in income will help you step up your investments in Mutual Funds , Fixed Deposits etc. over the years.

Taxes 179
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Banks enhance UX by accelerating investment in digital technologies

Bobsguide

The pandemic has accelerated digital transformation in banking, leading banks to faster adopt new digital delivery models. The rise of neo and digital banking became the new normal, with an emphasis on mobile banking services.

UX 179
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Market Commentary: Week of April 12, 2021

SWBC's LenderHub

Last Week: Stocks continued to cruise to record highs again last week as more and more expectations were built that we may see the sharpest growth in the U.S.—as well as the global economy—in nearly 40 years.

Marketing 145
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Six ways to increase your bank board’s tech expertise

Accenture

Good leadership is a key indicator of successful digital transformations. And yet, while the pace of digital transformation in banking is accelerating, bank boardrooms are falling behind. Our new research report called Boosting the Bank Board’s Technology Expertise shows that only 10 percent of banking board directors have technology expertise. We believe the number should….

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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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Five Ways to Use Advanced Analytics to Drive Revenue

Gonzobanker

Financial institutions should make data analytics a key component of their revenue growth strategies. In 2020, almost all financial institutions saw record growth in Small Business Administration lending with the Paycheck Protection Program, mortgage origination and home equity loans, and deposits. A slowdown in that momentum is already evident in 2021, especially with more traditional lending and interchange revenue.

Analytics 140
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Regulators Reviewing Money-Laundering, Artificial Intelligence Rules

Banking Exchange

OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud BSA/AML Security Feature3 Feature Duties Technology.

FDIC 135
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Greensill inquiry chairman sits on board of private bank linked to Tory party

TheGuardian

Questions raised over Nigel Boardman’s appointment given role at Arbuthnot Banking Group, which also employs former civil servants The man appointed by Boris Johnson to rule over the Greensill lobbying scandal is on the board of a private bank that has close ties with the Conservative party and has a number of former civil servants in its ranks, the Guardian can reveal.

Groups 144
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Are Bitcoin ATMs the right choice for retailers?

ATM Marketplace

Bitcoin ATMs or BTMs are already spreading across the U.S. and the world. Retailers however, might be wondering if Bitcoin ATMs are right for them. To uncover the answer to that question, we need to take a look at the origins of BTMs, some challenges they have dealt with and what opportunities they provide.

ATM 134
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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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Banks must â??speed upâ?? to match agility of fintechs, says Clearbank

Bobsguide

Banks must accelerate their digital transformation to meet fintechs’ needs, particularly as they are considered critical to the success and regulatory compliance of their fintech partners, according to research led by Clearbank. Whilst over half of fintechs expect their banks enabled.

Fintech 114
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Eastern Bank, Century Bank Agree to $642M Merger

Banking Exchange

Plus: BMO sells asset management arm; Western Alliance completes AmeriHome acquisition Management Feature M&A Feature3 Community Banking.

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Greensill scandal: ex-civil servant had $8m stake in lender

TheGuardian

Bill Crothers met Cabinet Office official several times after leaving post and becoming a director at failed lender A former top civil servant who went on to serve as a director of scandal-hit Greensill Capital is facing questions over a string of meetings he held with the head of the Cabinet Office after leaving Whitehall, as a Guardian investigation shows he had a shareholding in Greensill potentially worth $8m before the lender collapsed.

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The Retail and Tech Firms That Could Upend Mainstream Banking

Payments Source

Fintech Retailers Digital payments Gig economy

Retail 201
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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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4 Ways To Invest Your Tax Refund

BankBazaar

Got a big tax refund? Here’s how you can use it to grow your wealth and multiply your income. We all dread that time of the year when we have to file our Income Tax returns. All those calculations and figuring out which section of the Income Tax Act to claim refunds under can get pretty complicated, we admit. But think of the time when you get a sudden windfall as a sizeable tax refund.

Taxes 97
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FDIC Seeks Views on Bank Advertising

Banking Exchange

Public’s input sought on potential modernization of advertising and signage rules to better reflect how banks operate Compliance Retail Banking Customers Performance People Compliance Management Compliance/Regulatory Consumer Compliance Feature3 Feature Financial Research Duties Financial Trends.

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David Cameron breaks 30-day silence over lobbying for Greensill

TheGuardian

Ex-PM says he acted within rules but admits there are ‘important lessons’ to be learned David Cameron has broken his 30-day silence over lobbying ministers on behalf of the scandal-hit company Greensill Capital, accepting he should have acted differently and used only “the most formal channels”. Cameron, who was first contacted by the Financial Times in early March, said he had reflected on his conduct and that “important lessons” would be learned.

National 104
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CompatibL pursuing growth following BG awards win

Bobsguide

CompatibL - winner of the 2020 bobsguide award for Best Cloud Platform - is accelerating the development of technology with cloud capabilities. Executive chairman Alexander Sokol sat down with our editor Michael McCaw to discuss the key tech trends in cloud computing, including the increasing.

Trends 88
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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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JPMorgan Chase, Citi, Bank of America report uptick in profits, improved efficiency ratios

BankInovation

Most big banks have benefited from releasing reserves they had tucked away as a rainy-day fund in case loans turned bad, but government spending and liquidity support seem to have blunted the edge and the released reserves are now juicing the banks’ bottom line. JPMorgan Chase, Citibank and Bank of America are among the banks […].

America 98
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Never too late to start: The value of financial planning

PopularBank

Where are your priorities? In a 2019 survey conducted by MyBankTracker , respondents in the U.S. were asked a simple question as it related to financial planning: How much time do you spend planning your vacations vs. your finances? . The results were telling. Around 20% of respondents reported that they spent more time planning their vacations over planning their finances.

Taxes 97
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The real scandal is that the revolving door between government and business is still open

TheGuardian

Greensill is merely the latest chapter in a long story of distorted decision-making and falling public trust Spare a thought for Britain’s ministers and mandarins. Making the right call in the public interest isn’t always easy when they’re endlessly having their ears bent by those with vested interests in their decisions. It is, however, their duty.

Capital 98
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AIC: Regulators must act on Esma review

Bobsguide

Action must be taken following the European Securities and Markets Authority (Esma)’s review into Ucits liquidity risk management and market practices which identified shortcomings in documentation, procedures and how methodologies are compiled. “Without effective regulation in the.

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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