Accenture
JUNE 23, 2022
The top 15 global banking giants are generating their combined revenues and profits at a pace that’s well ahead of the average performance of their smaller competitors. What’s more, these big “winning banks” are harnessing their vast investments in digital technologies to help accelerate their growth. The success of these global giants provides valuable lessons….
South State Correspondent
JUNE 22, 2022
Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. When it comes to bank innovation, it pays to have a methodology in which to think about product design and improvement.
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Payments Dive
JUNE 24, 2022
In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system.
Perficient
JUNE 24, 2022
Whether asking Siri to direct you to the nearest McDonald’s or inquiring about the weather to Alexa so you can decide whether to wear a jacket, many have grown accustomed to chatting with virtual assistants powered by artificial intelligence and machine learning to gather the information they seek. Given the convenience and intuition of such sophisticated virtual assistants, they have proved to be especially useful in enhancing customer service and the overall customer experience.
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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
JUNE 22, 2022
Banks in Europe need to prepare for the biggest set of regulatory changes since the aftermath of the 2008 global financial crisis. They’ll soon have to comply with sweeping sustainability rules drafted by national governments and financial services regulators. The impact of the proposed sustainability requirements will be one of the major forces shaping the….
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JUNE 23, 2022
EVO Payments has grown over the past decade through dozens of acquisitions, but it’s not so eager to buy now.
Abrigo
JUNE 19, 2022
New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined." WATCH. Takeaway 1 The ELE tool for CECL from the Fed is aimed at reducing the operational burden of implementation ahead of the 2023 deadline. .
Accenture
JUNE 22, 2022
The technology behind lending systems has advanced significantly in recent years, and commercial banks are keen to take advantage of those advances and improve their processes to unlock the value that modern systems can provide. Over the past five years, a majority of large banks have either replaced their servicing system or are considering an…. The post How to manage risk for a successful implementation appeared first on Accenture Banking Blog.
South State Correspondent
JUNE 24, 2022
We recently posted an article ( HERE ) about how the Federal Reserve is bursting the everything bubble, and this will cause pain for some banks in the form of interest rate, credit, and liquidity risk. One of the likely outcomes of this tightening cycle is stagflation, which will cause cash flow constraints for borrowers and create credit risk for banks.
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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
Payments Dive
JUNE 23, 2022
Evidence suggests that BNPL borrowers are increasingly having trouble paying off their loans, based on a report from one analyst who follows the U.S. buy now-pay later provider Affirm.
Jack Henry
JUNE 23, 2022
“It’s never been harder to hire and retain the right people,” Holly Novak, Chief People Officer at Jack Henry, recently said about the “Great Resignation.”. According to the U.S. Bureau of Labor Statistics , a record number of people voluntarily left their jobs in 2021, and the 11.3 million job openings in February 2022 remained near all-time highs.
Accenture
JUNE 23, 2022
For the past five years, banks have transformed by, in part, focusing on bank-to-bank mergers. However, the surge in banking M&A will shift from traditional acquisitions as banks clamor for disruptive technology and differentiated client experiences to defend profit pools that are under attack. In a soon-to-be-published study of banking and payments M&A and private….
CFPB Monitor
JUNE 20, 2022
The CFPB has issued a request for information (RFI) that seeks comments from the public “on what customer service obstacles consumers face in the banking market, and specifically what information would be helpful for consumers to obtain from depository institutions pursuant to section 1034(c) of the Consumer Financial Protection Act.“ Section 1034(c) requires depository institutions subject to CFPB supervision (i.e. those with more than $10 billion in assets) to provide timely responses to cons
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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.
Payments Dive
JUNE 22, 2022
A shareholder who is also a state official and candidate for Congress urged the card giant’s board to issue a report related to untraceable guns, but the proposal didn’t win enough support to pass at the company’s annual meeting Tuesday.
BankBazaar
JUNE 18, 2022
Learning how to manage finances is a lifelong process. Here are five dad-approved tips to help you manage your money better! Let’s face it, financial advice from fathers is usually beneficial. My grandfather had seven sons, the third of whom was my father. Obviously, growing up in such a large family was not easy. My grandparents, on the other hand, did an excellent job of preparing seven young boys for life. . ?
Accenture
JUNE 21, 2022
It’s fantastic that banks are taking the lead in the fight against climate change. Over 50 banks from across the world have pledged to reach net-zero carbon emissions by 2050. And many more are set to follow. Banks can become stewards of the global economic transformation that’s protecting the future of our planet. But…. The post Six steps to help banks reach net-zero appeared first on Accenture Banking Blog.
Cisco
JUNE 21, 2022
Financial institutions need to place cloud at the center of their corporate IT transformation strategy. Cloud is where technologies are converging, and products and solutions are being innovated. Whether public, private, hybrid or multi-cloud, financial institutions go with different cloud strategies that make sense for their organization. As such, central IT needs to play these three key roles in this transformation decision and implementation for financial institutions: Support the branch ba
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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
Payments Dive
JUNE 24, 2022
Embedded payments player Alviere has raised money from Silicon Valley Bank to support expansion in Europe and Latin America, following the hiring of a pack of new executives.
ATM Marketplace
JUNE 21, 2022
Financial institutions often ask whether they can get a good return on investment from branches. However, one key issue is that banks may not be measuring what is really important: return on customer experience. A panel, "The Importance of Measuring What Matters," at the upcoming Bank Customer Experience Summit, tackles the issue head on.
BankUnderground
JUNE 22, 2022
Saleem Bahaj, Sophie Piton and Anthony Savagar. Recessions typically discourage entrepreneurs from starting new businesses. During the Great Recession, a ‘generation’ of start-ups went missing which contributed to a slow recovery in employment. Two years after the pandemic started, evidence for the UK suggests a very different story: the pandemic inspired many entrepreneurs to start new businesses and this supported the recovery in employment.
SWBC's LenderHub
JUNE 23, 2022
Gas prices these days, am I right? Not that you need the stats if you’ve made a trip to the gas pump lately, but here they are: On March 6, the price of regular gasoline soared to over four dollars. Days later, the average price of diesel inflated by over five dollars. By June 3, the price of regular gasoline hit $4.70—the highest recorded average price for gas in U.S. history.
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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.
Payments Dive
JUNE 21, 2022
With friendly fraud, fintechs don’t always consider the whole picture when it comes to fraudulent disputes.
ATM Marketplace
JUNE 24, 2022
Recently ATM Marketplace published a series on the experience of purchasing and selling bitcoin at a variety of Bitcoin ATMs. While the experience was interesting, there is room for improvement when it comes to the user experience at Bitcoin ATMs. Here are a few tips to make Bitcoin ATMs more user friendly.
BankBazaar
JUNE 23, 2022
Once you understand the basics, you’ll find that Credit Cards are incredibly useful. They can help you save time, earn rewards, and get you on your way to building good credit. . By getting your first Credit Card, you’ve achieved a major milestone! . A convenient financial product, Credit Cards come with a host of benefits, like the option to pay for purchases over time, rewards and cashback for all spends, the ability to build and improve your Credit Score, and so much more!
TheGuardian
JUNE 20, 2022
Bank of England feels other measures will play stronger role in guarding against household debt Lenders will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England ditched a rule originally designed to avoid another 2007-style credit crunch. The rule, introduced in 2014, was intended to make sure borrowers did not take on more debt than they could afford, and potentially “amplify” an economic downturn and put financial stabili
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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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