This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As we progress through 2025, the banking industry is set for substantial transformation driven by several key trends. Digital transformation will remain a powerful force, with advancements in AI and machine learning enabling unparalleled operational efficiencies and hyper-personalized customer experiences. Banks will look to transform the way they do business by moving beyond their walls with the maturing of open banking and embedded finance.
We work with hundreds of community banks across the country that utilize forward rate locks to decrease risk, increase fee income, and stave off competition from national and regional banks. If your bank is not currently offering forward rate locks (in its various forms) to borrowers, you may be interested in how to incorporate such a tool to boost your banks performance.
Can your AML/CFT and fraud staff recognize these fraud typologies? The technology used to perpetrate financial crimes may be changing, but these common fraud typologies aren't going anywhere. This article covers these key topics: Why familiarizing staff with fraud typologies matters Common fraud schemes Fraud risk management best practices 3 Steps financial institutions can take to prevent fraud Why familiarizing staff with fraud typologies matters in 2025 In 2023, the Federal Bureau of Investig
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
US bank meant to send $280 but no funds were transferred despite fat finger mistake The US bank Citigroup credited a clients account with $81tn when it meant to send $280 before the fat finger error was caught. The mistake was spotted only after two employees had missed it, and a third employee rectified it 90 minutes after it was posted, the Financial Times reported.
The use of AI in the payments industry is not a new phenomenon. In fact, Accentures recent Payments Technology Reinvention Study shows that leading banks are already investing significantly in AI and generative AI and have managed to automate 40% of manual tasks in their payments business. Advancements in speech recognition, image generation and machine The post Unlocking the value of generative AI in commercial payments appeared first on Accenture Banking Blog.
The use of AI in the payments industry is not a new phenomenon. In fact, Accentures recent Payments Technology Reinvention Study shows that leading banks are already investing significantly in AI and generative AI and have managed to automate 40% of manual tasks in their payments business. Advancements in speech recognition, image generation and machine The post Unlocking the value of generative AI in commercial payments appeared first on Accenture Banking Blog.
Banks & credit unions recognize the importance of new deposits After years of consistent deposit growth, financial institutions have faced a shift recently, with deposits declining since 2022. How can they attract and retain new depositors? Strategies to help banks attract new deposits Banks and credit unions planning for 2025 agree that attracting and retaining deposits remains a top priority.
Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.
Thousands of people affected, with users of TSB and Bank of Scotland services also reporting glitches Business live latest updates Thousands of UK customers are suffering online banking problems on Friday, with reports of trouble accessing internet and app services. Nationwide, Lloyds and Halifax earlier confirmed problems with their online banking systems, and said they were working to fix them.
Kristina Bluwstein and Alba Patozi Measuring financial stability is very difficult. Measuring the effectiveness of policies affecting financial stability even more so. Not only is the objective of financial stability an elusive concept, but policies targeting financial stability are often complex, technical, and very slowly implemented. In spite of this, the usage of macroprudential tools in both advanced economies (AEs) and emerging market economies (EMEs) has more than tripled (Chart 1) over t
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Manual back-end steps bog down loan approvals Financial institutions can make financial analysis, risk rating, pricing, and other steps for processing small business loans less painful. Automating the key steps that often occur in the back office leads to faster decisions, stronger customer or member relationships, and more profitable lending to small businesses.
The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.
In a competitive market for commercial clients, each loan feature can be valuable to a community bank. One such loan feature is a prepayment provision on fixed-rate loans. Some community banks offer fixed-rate loans through a hedging program and utilize a symmetrical prepayment provision, others community banks will market their fixed rate loans based on the simplicity of a step-down prepayment provision.
As we transition from 2024 to 2025, the banking industry continues to evolve, but theres still plenty of room for improvement. In the second installment of our client predictions blog series, we've gathered insights from industry leaders on the key areas that could see significant improvements in the coming year. Our clients share their thoughts on how banks can adapt and improve to meet the rising demands of both technology and customer expectations.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Wire fraud is the second highest fraud scam impacting financial institutions As fraudsters continue to refine their tactics, financial institutions must remain vigilant to protect both their clients and employees from evolving wire fraud schemes. A single misstepwhether its sending funds to a fraudulent account or clicking on a compromised emailcan lead to severe financial losses and reputational damage.
The payments software company is paring its workforce after a drop in demand in its education vertical. It's also undertaking a comprehensive review of operations.
Discover how financial institutions can transform financial wellness from a cost center to a profit center. Learn strategies for implementing successful Financial Wellness Centers (FWCs). Introduction In an era where financial security is increasingly elusive, many banks tout 'financial literacy' as a core mission. But is it truly making a difference?
As we transition from 2024 to 2025, the banking industry continues to evolve, but theres still plenty of room for improvement. In the second installment of our client predictions blog series, we've gathered insights from industry leaders on the key areas that could see significant improvements in the coming year. Our clients share their thoughts on how banks can adapt and improve to meet the rising demands of both technology and customer expectations.
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.
An arrest warrant had been issued for Paul Flowers after he failed to turn up to a hearing earlier this month A disgraced former church minister and banking group boss who acquired the nickname Crystal Methodist has been jailed for three years by a judge in Manchester. Paul Flowers, 74, had pleaded guilty to 18 fraud charges amounting to 100,000 after abusing his position as the executor of the will and holder of power of attorney for a woman named Margaret Jarvis.
The e-commerce payments company narrowed its losses last year, even as revenue declined. Now, it’s wooing restaurants and retailers through the new tie.
Carlos Can Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on competitiveness and growth. In a recent staff working paper , we develop a theoretical model to show that some competitive deregulation can arise when several regulators are focused on growth, though not a race-to-the-bottom: regulators will not lower regulations to levels favoured by banks if the costs of fin
A century ago, in March 1925, Charles G. Dawes was sworn in as vice president of the United States. Being elected vice president of the United States as Dawes was, alongside Calvin Coolidge, in a landslide is usually a career pinnacle for an American politician, but Dawes vice presidency turned out to be more of a footnote in his eventful life. The post Podcast: The rise of a celebrated American banker appeared first on ABA Banking Journal.
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.
Many banks offer money market accounts (MMAs). You may be wondering how this type of account fits into your money management plans. Use the guide below to find out what a money market account is, how its different from a traditional checking account, and how you can select the best account to achieve your financial goals. What is a money market account?
The embedded payments and digital card company agreed to buy European electronic payments provider TransactPay for about $47 million and swapped out its CEO for a Visa alum.
I hear the same thing everywhere I go”We need to build an accountability culture!” Great idea, right? But heres the problem: weve been saying this for decades, and most organizations havent moved the needle. So why do we keep talking about the same issue without fixing it? Ive got a couple of ideas. Why Accountability Efforts Fail First, one big mistake organizations make is bringing in brand-new training, then immediately holding everyone accountable before theyve had any time to de
Two community bankers from ABA member banks testified during a Senate hearing on the Small Business Administrations 7(a) loan guarantee program, offering recommendations for regulatory changes to help boost small-business lending. The post Bankers offer recommendations for improving small-business lending program appeared first on ABA Banking Journal.
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
221 
Let's personalize your content