Jack Henry
JULY 27, 2023
In today’s competitive market, deposit generation is a hot topic. According to the 2023 Strategic Priorities Benchmark Study from Jack Henry™, financial institution CEOs identified growing deposits as a top strategic priority for the next two years.
Digital Growth Institute
JULY 24, 2023
In an era of AI and digital transformation, small and medium businesses (SMBs) often get lost in the shuffle of zeros and ones. In reality, every data point and every dollar symbolizes the DNA of an individual or a business, driving their financial growth and prosperity. While the world of SMB banking may seem like a minefield of loans, deposits, and confusing terminologies, there are profound opportunities for community financial brands willing to prioritize SMB owners and entrepreneurs.
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American Banker
JULY 24, 2023
One security researcher said the total number of consumers who had data stolen in MoveIt breaches exceeds 20 million, and more are expected to be reported.
American Banker
JULY 26, 2023
Stock markets have shot up as investors grow hopeful that the United States will avoid a recession. But nearly 3 in 4 community bankers are less optimistic that the Fed will achieve its mission of reducing inflation without causing a downturn, a survey from IntraFi found.
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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.
Accenture
JULY 27, 2023
We’re a little over halfway through 2023, but it feels like we’ve already seen more than a year’s worth of major banking news since January. With all due respect to the impact of generative AI—which we anticipated in our Top 10 Banking Trends for 2022—the biggest overall story so far this year is probably the… The post Checking in on the Banking Top 10 Trends for 2023 appeared first on Accenture Banking Blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 24, 2023
The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.
American Banker
JULY 26, 2023
American Banker is proud to recognize, in its third annual Most Influential Women in Payments, Next, the women under 40 who have demonstrated expertise, leadership skills and an ability to adapt in an ever-changing payments industry.
American Banker
JULY 24, 2023
Valarie Ivester, assistant vice president of indirect strategy and development for Greater Texas Credit Union, has helped update strategy from the start of the pandemic through the recent chip shortage.
American Banker
JULY 25, 2023
A hefty advertising budget combined with a worldwide pool of potential members has now pushed Navy FCU beyond the 13 million-member mark, substantially larger than its nearest competitors.
Advertiser: ZoomInfo
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.
Perficient
JULY 27, 2023
The Community Reinvestment Act (CRA) is a federal law in the US that promotes the interest of financial service firms to serve their communities’ credit needs, including low- and moderate-income neighborhoods. Federal banking agencies use the bank’s contribution metrics as a parameter when they apply for mergers, acquisitions, and new branch openings.
Payments Dive
JULY 26, 2023
“It’s not a great customer experience,” Visa CEO Ryan McInerney said of merchant surcharges, while speaking on an earnings webcast Tuesday.
Abrigo
JULY 27, 2023
How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech in the banking sector. Would you like other articles on fraud and AML/CFT compliance in your inbox? Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant.
South State Correspondent
JULY 26, 2023
The bigger risk to community banks’ business model is not a moderate recession induced by aggressive interest rate increases by the Federal Reserve. Instead, the more painful scenario for the banking industry is the following: no recession, short-term interest rates holding steady in anticipation of inflation reaching target rates, and a prolonged inverted yield curve.
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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.
TheGuardian
JULY 28, 2023
Ex-Ukip leader is back in limelight claiming to be a ‘champion for the voiceless’ – though some are wary of his latest reinvention UK politics live – latest updates Nigel Farage is used to being thanked by true believers in Brexit, but the man who came to grasp his hand as he sat down for dinner in London’s Belgravia on Tuesday night was a surprise.
Payments Dive
JULY 25, 2023
The card issuer paid the fine for failing to properly monitor a third-party affiliate and in connection with its courting of small business clients, the agency said.
Abrigo
JULY 27, 2023
How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech for banks. Would you like other articles on fraud and AML/CFT compliance in your inbox? Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Takeaway 2 In banking, regtech can help financial institutions cut down on manual processing times and stay on top of evolving regulatory requirements.
South State Correspondent
JULY 24, 2023
Maybe you saw Oppenheimer over the weekend, maybe it was Barbie , or perhaps you did the “Barbenheimer” thing and did both. Maybe you opted for Mission Impossible – Dead Reckoning, Part I. No matter your choice, there was a clear winner: Barbie. Film quality aside, there have been few movies in the history of the World that have done a better job at marketing than Barbie.
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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.
Realwired Appraisal Management Blog
JULY 27, 2023
After you choose an appraisal management software provider, you expect excellent customer service. But what happens after onboarding? Crickets? Maybe you get custom features and responsive service but only if you’re a huge bank. But what about everybody else? It comes a point where you continue or give up.
Payments Dive
JULY 28, 2023
In addition to the Ascensus health and benefits unit purchase this month, Wex this week said it will invest up to $100 million in a new venture arm.
Abrigo
JULY 25, 2023
How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Takeaway 1 Unlike ACH transfers and personal payment options like Venmo, FedNow transactions can complete core clearing and settlement within seconds.
Commercial Lending USA
JULY 26, 2023
Starting a new business is exhilarating. That requires dedication, vision, and, most importantly, enough financial support. But securing funding for a startup with no revenue can be a significant challenge. Traditional lenders often rely on revenue history to assess creditworthiness. Leaving many entrepreneurs feeling stuck. But fear not! In this comprehensive guide.
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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.
BankUnderground
JULY 25, 2023
May Rostom On average, parental contributions help children buy homes four years earlier than those without them. Out of every 100 new homeowners below the age of 30, 16 will have had help from ‘the Bank of Mum and Dad’, or Bomad for short. That rises to one in four new homeowners under the age of 25. Those who have had help from their parents put down a deposit twice as large, bought bigger first homes, and had smaller mortgage payments than those who did not.
Payments Dive
JULY 28, 2023
“It's time to question whether this traditional approach to paying employees is still the most efficient and equitable,” writes one earned wage access CEO.
TheGuardian
JULY 27, 2023
Ousting of boss of private bank may not be last departure as prime minister fails to back chairman Howard Davies The head of private bank Coutts has been ousted over the closure of Nigel Farage’s bank accounts in a desperate attempt by NatWest to contain a crisis that has wiped £1bn off its share price. Peter Flavel’s resignation from Coutts was pushed through by the NatWest interim chief executive, Paul Thwaite, but despite the move, the future of its chairman, Sir Howard Davies, appeared far f
BankInovation
JULY 24, 2023
Discover Financial Services is making its machine learning research publicly available to peers in an effort to help the industry reach common standards with the technology.
Advertiser: ZoomInfo
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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