South State Correspondent
MAY 31, 2022
Inflation Scares Erupt Again. Treasuries open the holiday-shortened week on the defensive as the highest inflation reading on record in the Eurozone sent yields there higher. Oil prices resumed their rise and signs the China lockdowns are easing also contributed to higher yields. Treasuries are playing a bit of catch-up too after yesterday’s holiday with the 10yr yield jumping 12bps higher from Friday’s close.
Accenture
MAY 31, 2022
From blockchain to edge computing, I’ve always loved learning about new technologies. So when I first heard about the metaverse, I wanted to learn more about how it applies to banking. The reality is that banks can’t ignore the metaverse. It is central to every bank’s digital future. A good portion of global banking leaders…. The post Why the metaverse is a megatrend banks can’t miss appeared first on Accenture Banking Blog.
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Independent Banker
MAY 31, 2022
Illustration by Cnythzl/iStock. Fraud and cyber attacks are on the rise, and at great expense to the industry. Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Here are some ideas for strengthening fraud defenses. By William Atkinson. Fraud and cybercrimes continue to increase, causing challenges for community banks.
Payments Dive
JUNE 1, 2022
Buy now-pay later providers have made their financing services more available for everyday purchases, offering consumers a tool to deal with inflation.
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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.
Perficient
JUNE 1, 2022
So far in our 6-part blog series explaining the intricacies of TRACE, we have defined TRACE reporting, detailed the prep work to be done in order to effectively report TRACE transactions , and reviewed considerations for alternative trading systems. Now, for part 4 of the series, we will delve into the details of when and by whom transactions should be reported.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Independent Banker
MAY 31, 2022
Photo by Chris Williams. Community continuation is not about checking a regulatory box; it means putting a name to the people who will be the future of our banks. One of my favorite sayings my dad passed onto me is also a motto I live by: “How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of the weak and the strong.
Payments Dive
JUNE 2, 2022
PayPal, Klarna and Bolt have chopped their workforces in the face of mushrooming macro-economic pressures, suggesting a potential fintech shakeout in the offing.
Abrigo
JUNE 2, 2022
Taking the CAMS exam: Are you ready to be a student again? These expert tips for studying and reviewing ACAMS material can help you pass the CAMS exam with flying colors. Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Determine your learning style to find study practices that will help you learn and retain information. Takeaway 2 Focus on your weakest areas and use ACAMS flashcards and practice exams for review.
Accenture
JUNE 2, 2022
Far-sighted banks in Europe, such as BBVA, are moving quickly to overhaul their operations systems, processes and procedures. By streamlining these key functions and pulling in intelligent digital technologies to support their workforces, they’re set to achieve big gains in efficiency. Some banks have already cut operating costs by as much as 40 percent in….
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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
South State Correspondent
JUNE 3, 2022
Strong Job Growth Continues While Wage Gains Moderate. Nonfarm payrolls increased 390 thousand with those gains fairly widespread. Expectations were for 318 thousand jobs and the increase was just below April’s 436 thousand new jobs. The largest gains came in leisure and hospitality, in professional and business services, and transportation and warehousing.
Payments Dive
JUNE 3, 2022
Josh Whipple, a former investment banker, is taking the top finance job as the company gears up for more acquisitions to capitalize on a drop in valuations.
Independent Banker
MAY 31, 2022
Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. Nonbank institutions continue to be serious contenders in the home lending space. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies.
Accenture
JUNE 1, 2022
Sustained disruption is reshaping the payments industry. Developments like new technologies, shifting consumer expectations, and the launch of central bank digital currencies are creating major changes. With changes come opportunities—but not all payments players are seizing them equally. In my previous post, we looked at some strategies that digital-native payments disruptors have used to out-grow….
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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.
South State Correspondent
JUNE 1, 2022
May Data Starts to Bloom. The May ISM Manufacturing Index is due at 10am ET and is expected at 54.5 vs. 55.4. The series has been softening of late, reaching a cycle high of 63.7 in March of 2021 but trending south since then. It’s still, however, above the 50 mark which divides an expanding sector from a declining one. The prices paid component in the report is expected to edge lower which will be another indicator, if it comes as expected, showing that price pressures, while still high, are st
Payments Dive
MAY 31, 2022
Consumers and businesses are more frequently using digital means to send payments around the world, according to Mastercard's second annual report on cross-border payments.
BankBazaar
JUNE 3, 2022
Always file your ITR promptly? Looking to file your ITR before June? Hold your horses. Here’s why you shouldn’t. Are you the sort of person that rushes to file their income tax return as early as possible so that it’s done and dusted? Are you very proud of that gold certificate the income tax department sent you for timely filing? So, if you’re mulling filing your returns before June, you might want to reconsider after reading this.
Independent Banker
MAY 31, 2022
Photo by Chris Williams. Healthy debate helps us achieve an outcome where we’re all pushed to think beyond what might be readily in front of us. When’s the last time you left a meeting and found yourself saying, “I never thought about it that way before”? For me, the answer allows me to gauge how much I’ve successfully encouraged differing viewpoints.
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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
Bobsguide
JUNE 3, 2022
Ground-breaking WWS ATM Acquiring Software Wins ATMIA Peter Kulik Innovation Award. Orlando, Florida 10th February 2022 – Auriga, a global software provider for the omnichannel banking and payments sector, today celebrated the winning of the Peter Kulik Innovation Award from the ATMIA, the leading non-profit trade association representing the entire global ATM industry.
Payments Dive
MAY 31, 2022
Visa CEO Al Kelly said Sen. Dick Durbin is contemplating new legislation that would impose more pricing restrictions on the card industry. Kelly didn't elaborate and Durbin has been mum.
SWBC's LenderHub
MAY 31, 2022
Last Week. Equities and credit sensitive bonds jumped sharply last week leaving investors wondering over the long weekend if the worst is over or whether it is a chance to exit at higher levels. The “good” news over the week was that both the U.S. and global economy is weakening faster than expectations, which in turn could allow central bankers to curtail monetary policy tightening sooner that previously thought.
Independent Banker
MAY 31, 2022
By Lindsay LaNore, ICBA. As life settles into a new rhythm, you may find that some team members continue working remotely permanently, or that they shift to a hybrid model in which they can work remotely at least some of the time. What are some best practices for managing this new distributed workforce? Communicate expectations clearly, early and often.
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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.
Bobsguide
JUNE 3, 2022
Auriga was recently honoured with the prestigious Peter Kulik Innovation Award from the ATMIA, the leading non-profit trade association representing the entire global ATM industry. Stefano Cipollone, Auriga’s Business Development Manager, reveals why WinWebServer (WWS), the integrated ATM acquiring solution, was selected and what it means for customers.
Payments Dive
JUNE 1, 2022
As banks try to fend off competition from fintechs in merchant acquiring and processing, payments gateway NMI aims to capitalize by offering to bolster their services.
CFPB Monitor
MAY 31, 2022
On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and othe
Independent Banker
MAY 31, 2022
By Charles Potts, ICBA. As ICBA’s chief innovation officer, it’s my job to push the envelope, to make people uncomfortable. And while this may sound counterintuitive to fostering successful collaborations, research suggests discomfort is normal when tackling new challenges. That uncomfortable feeling you get in the pit of your stomach when you decide to try something new serves as a motivator and is why I tell community bankers: “To succeed in today’s rapidly evolving digital landscape, you need
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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
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