Accenture
APRIL 25, 2022
“Learn from the mistakes of others. You can never live long enough to make them all yourself.” – Groucho Marx “Sometimes, when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.” — Steve Jobs One way to define innovation is as a journey into…. The post 4 powerful payments insights from recent fintech news appeared first on Accenture Banking Blog.
Payments Dive
APRIL 25, 2022
Banks have long complained that fintechs are able to offer many of the same financial services without abiding by the same laws. In an effort to level the playing field, the Consumer Financial Protection Bureau said Monday it would invoke a largely unused legal provision.
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Perficient
APRIL 25, 2022
In our previous blogs , we’ve documented how insurance is a complicated product for the traditional commerce process. Let’s recap what we’ve covered: It’s a product that is mandated by the state, financial institutions, and professions for many parts of life – driving, homeownership, rental, professional liability, and others. But it’s not a product that most of us enjoy shopping for in our daily lives.
South State Correspondent
APRIL 29, 2022
Increasing Wage Gains Will Keep the 50bps Rate Hikes Coming. Treasuries are trading heavy this morning as the Employment Cost Index (ECI) came in above expectations and that is sparking concerns of the dreaded wage-price spiral. That is essentially when fatter wallets encourage more spending which in theory contributes to further price increases. ECI is the broadest measure of compensation costs as it measures just about all aspects of it: wages, salaries, bonuses, other benefits and payroll tax
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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.
Accenture
APRIL 26, 2022
Environmental, social and governance (ESG) ratings are essential for banks and the companies they fund. But too often these sustainability assessments are opaque and inconsistent. Now, regulations that would improve the transparency of ESG ratings have just moved closer. The International Regulatory Strategy Group (IRSG), in the UK, has declared its support for the regulation….
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
APRIL 26, 2022
FINRA member participation in TRACE is mandatory and obligates members to submit transaction reports in TRACE-eligible securities to conform with the Rule 6700 Series. Getting started requires a member to complete a FINRA Transparency Services Participation Agreement (FPA) version 1.4, found on the FINRA website, and then submit the signed form via the FINRA Firm Gateway.
Abrigo
APRIL 28, 2022
How Core Deposit Analytics Help Banks and Credit Unions Plan For Rising Rates Core deposit analytics provide a wealth of information for strategic planning, deposit pricing, product development, and more. How to get the most out of a core deposit study. You might also like this webinar, "Analyzing Core Deposits for Risk Management & Loan Growth." watch.
Accenture
APRIL 24, 2022
One of the biggest long-term impacts of the COVID-19 pandemic is how it changed our relationship with work. Record numbers of people are re-thinking their careers right now. A survey of 30,000 employees across 31 markets in early 2021 found that more than 40% were thinking about leaving their current jobs. Between April and September…. The post Banks need to modernize their cultures in the wake of the pandemic appeared first on Accenture Banking Blog.
Payments Dive
APRIL 28, 2022
Fidelity Investments said it is seeing growing interest in digital assets from plan sponsors. The offering will be widely available to employers mid-year.
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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
APRIL 27, 2022
Banks that focus on the customer experience have come to learn that it is not the forward-facing customer experience that matters, but the “total experience” that now counts. Total experience is the business strategy for creating superior customer AND employee experience. In this article, we walk through why banks should focus on total experience (TX) and give you the ten critical factors that can catapult your bank ahead of almost every bank in the industry.
Jack Henry
APRIL 28, 2022
Community and regional banks and credit unions have created strong accountholder loyalty for decades, based on service, trust, and relationships. They’ve handled everything from a child’s first passbook account to a teen’s first checking account. It wasn’t uncommon for a long-term banker to follow a customer or member through major life milestones – whether it was applying for their first car loan, first mortgage, or maintaining a retirement account.
Accenture
APRIL 25, 2022
The last two years have changed how banks are approaching their digital journeys. That’s why I wanted to write about this topic, and why I asked my colleague Danelle Faust to join me as co-author. She leads our financial services business within Accenture Interactive across the Midwest, helping organizations improve customer experiences. The pandemic pushed….
Payments Dive
APRIL 29, 2022
First-quarter data from research firm CB Insights showed U.S. payments startups saw a 61% spike in funding rounds from the previous quarter, but a 23% drop in total funding.
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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
APRIL 27, 2022
Higher Rate Levels Take a Bite Out of Housing Activity. While the Fed has only hiked once to date, they will follow that with a 50bps hike next week, meanwhile, the market has been busy doing plenty of the heavy lifting for the Fed. One sector that has been a real economic star since the pandemic began has been housing. It motored on in the face of higher housing prices over the last few years and those higher prices have also been a major contributor to higher inflation via the Owners Equivalen
Bobsguide
APRIL 29, 2022
Birmingham, Ala. April 28, 2022 – NXTsoft , a company focused on delivering Connectivity as a Service to the financial marketspace has announced the initial version of a multistage release of its FinTech API Connectivity as a Service Marketplace (marketplace.nxtsoft.com) that enables financial institutions to select from pre-built connectors from up 60+ Fintech companies and 99% of U.S.
Accenture
APRIL 27, 2022
In this series of Banking Cloud Altimeter conversations, we’ve discussed the challenges that banks face in their journey to cloud, and the shift in culture that can help them maximize the value they get from their transition. In this post, we’re focusing on core workloads. Core systems are both the engine and the heart of…. The post Smart banks will move their core to cloud now appeared first on Accenture Banking Blog.
Payments Dive
APRIL 27, 2022
Extraordinary international events have both buffeted and benefited the card giant's business this year. Visa said a recovery of travel and cross-border transactions boosted its earnings through March, despite a negative impact from shutting down operations in Russia after that country invaded Ukraine.
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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
South State Correspondent
APRIL 24, 2022
Banks have ceased using LIBOR to price assets and liabilities after 2021. However, some community banks are still deciding on the correct term lending index to adopt. Many banks are uncertain that they have chosen the best term index for their products and markets. We believe that having more options for community banks is beneficial. Still, bankers need to streamline the number of indices used because having too many indices is not conducive to efficient pricing and loan and deposit processing.
Bobsguide
APRIL 27, 2022
Atlanta, Ga., April 26, 2022 –ThreatAdvice , a company focused on cybersecurity management solutions for the MSP space, today announced a partnership with IGI CyberLabs to include the company’s Nodeware solution that provides continuous vulnerability scanning—including, internal, external and asset identification—in its comprehensive cybersecurity management solution.
CFPB Monitor
APRIL 25, 2022
The CFPB has issued its annual Fair Debt Collection Practices Act report covering the CFPB’s debt collection activities in 2021. The report incorporates information from the FTC’s most recent annual letter to the CFPB describing its 2021 activities in the debt collection market, including information about the FTC’s enforcement actions involving collection practices directed at small businesses.
Payments Dive
APRIL 26, 2022
Other countries, including China and India, are reaping much bigger rewards than the U.S. from their business and consumer adoption of real-time payment systems, according to a new study.
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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.
Cisco
APRIL 26, 2022
The future of financial services will be shaped by the ability of financial institutions to extract and deliver more customer value from data. The convergence of mobile, cloud, and IoT technologies continues to create new opportunities for institutions to deliver personalized and contextual financial services. Those opportunities will rely on data and analytics for real-time decision making.
Bobsguide
APRIL 27, 2022
EMS integration automates historically manual processes, unlocking hard-to-find liquidity for the buy-side community. London, 25 April 2022: Appital, the Equity Capital Marketplace , today announced that TS Imagine, a leader in trading, portfolio and risk management solutions, has integrated its award-winning, multi-asset EMS with Appital’s pioneering bookbuilding platform to provide buyside clients with greater access to liquidity.
CFPB Monitor
APRIL 25, 2022
In Theresa Tailford, et al. v. Experian Information Solutions , the U.S. Court of Appeals for the Ninth Circuit recently affirmed a district court decision which held that Experian Information Solutions, Inc. did not violate the Fair Credit Reporting Act because none of the information the plaintiffs alleged Experian should have disclosed was subject to disclosure by a consumer reporting agency (CRA) under the FCRA.
Payments Dive
APRIL 29, 2022
Riverwoods, Illinois-based Discover Financial Services on Thursday reported first-quarter card sales volume was 23% higher than the same period last year, but CFO John Greene said "it’s hard to envision year-over-year sales growth to continue in the upper 20s.
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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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