Sat.Nov 05, 2022 - Fri.Nov 11, 2022

article thumbnail

How one community bank is using technology to price deposits

American Banker

article thumbnail

Will AI save banks from the cyber hordes?

The Banker

AI is becoming increasingly critical for banks defending themselves against cyber attacks, a factor that is drawing interest from the regulatory community. By Justin Pugsley.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Should Companies Communicate in a Difficult Market?

William Mills

Although cultivating and fostering successful B2B relationships is an important goal for many fintech communicators, the process does not end there. We are seeing the phrase "cost of living" dominating the discussion around the current recession, bringing to light how it affects consumers daily. In times of pressure and rapid change, we as communication professionals must comprehend the difficulties, requirements, and motivations.

Company 79
article thumbnail

Why an economic downturn may be good for bank M&A

American Banker

article thumbnail

Fall In Love With the Month-End Close

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.

article thumbnail

One woman's mission to save credit unions by championing diversity

American Banker

81

More Trending

article thumbnail

Sibos: Banks readying to execute on sustainability goals

Accenture

This year’s Sibos conference in Amsterdam lifted the lid on how banks are grappling to become more sustainable and advance the fight against climate change. And what it revealed is tremendously encouraging. The conference hosted several presentations and discussions about environmental, social and governance (ESG) issues, ethical investing and energy transition.

article thumbnail

CECL implementation: Survey shows where peers are as 2023 nears

Abrigo

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Takeaway 1 10% of banks and credit unions have completed CECL adoption, according to Abrigo's CECL implementation survey.

Survey 195
article thumbnail

The Bank Talent Acquisition Opportunity

South State Correspondent

Almost every bank has some form of “human capital management” in its top three challenges for the coming years. Attracting, acquiring, retaining, and training talent should be the cornerstone of any bank’s strategic effort as “people” indeed are our most valuable asset and far exceed the value of loans, deposits, and financial capital.

Capital 195
article thumbnail

How active shooters pay for guns

Payments Dive

Payment methods used by active shooters to acquire guns are becoming part of the U.S. dialogue about such incidents. A new Payments Dive series tracking those details aims to inform the discussion.

Payments 369
article thumbnail

5 Ways You Can Win Faster with Gen AI in Sales

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.

article thumbnail

Six ways to boost (or start) your metaverse presence

Accenture

Every day we see new reports of companies joining the metaverse. As bulky virtual reality (VR) headsets become a thing of the past, replaced by more comfortable, sleeker models, customers will come to expect many of their online interactions with companies to take place in the metaverse. But what does that mean for auto and…. The post Six ways to boost (or start) your metaverse presence appeared first on Accenture Banking Blog.

Online 195
article thumbnail

Elder abuse: the crisis among veterans and ways to prevent elder fraud

Abrigo

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation, and fraud are rising in the veteran population and can devastate older Americans. Takeaway 2 Learn why veterans are a vulnerable population for this particular type of financial fraud.

Fraud 195
article thumbnail

Should You Be Marking Loans To Market?

South State Correspondent

Available-for-sale securities are reported at fair value, and any unrealized gains and losses are included in accumulated other comprehensive income (AOCI) in the equity section of the balance sheet. The AOCI is an accounting adjustment meant to reflect the economic value of assets and is the process of “marking loans to market.” That same adjustment can be applied to banks’ fixed-rate loans for economic value analysis to better understand value creation and allocation, prioritize

Marketing 195
article thumbnail

Preparing for the CBDC era

Payments Dive

Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

Regional 312
article thumbnail

The Role of Automation in Commercial Lending

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.

article thumbnail

Will Bank Wealth Managers Miss the Golden Opportunity?

Gonzobanker

New approaches to talent and technology are needed to address changes in the wealth management business model. Wealth management and trust clients are some of the most lasting and profitable relationships a bank can attract, but the banking industry is simply missing the opportunity to realize these businesses’ vast strategic potential. As banks experience rate volatility and future increases in their costs of funds, businesses that drive noninterest income like trust and wealth management will

article thumbnail

NCRC Files Appraisal Bias Complaints with HUD and Issues a Related Report

CFPB Monitor

The National Community Reinvestment Coalition (NCRC) recently filed two complaints against appraisers with the Department of Housing and Urban Development asserting different treatment based on race in violation of the Fair Housing Act. One complaint asserts different service levels based on race, and the other asserts different home valuations based on race, with White individuals receiving better service or home valuations than Black individuals.

Report 148
article thumbnail

Bitesize: The pricing of credit risk

BankUnderground

Barbara Jankowiak, Natan Misak and Nicholas Vause. Both financial market participants and regulators have suggested that investor risk appetite has declined since the beginning of the year. This post presents some evidence from credit markets consistent with such developments, and offers two possible explanations. We build on analysis in an earlier post that looked at the relationship between credit default swap (CDS) premiums for insuring against potential losses due to the default of North Ame

Policies 124
article thumbnail

Brex co-CEO: Fintech took ‘reputation hit’ after dropping customers

Payments Dive

Co-CEO and cofounder Henrique Dubugras regrets Brex’s handling of its June customer base changes, but said narrowing the company’s focus on startups was the right call.

Fintech 284
article thumbnail

Outsource With Confidence for RDC Program Success

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.

article thumbnail

What does the future hold for ATMs, branches post COVID?

ATM Marketplace

COVID-19 impacted every industry, including banking and consumer expectations. What role with ATMs and branches play in the post-COVID world?

ATM 99
article thumbnail

The Secret Genius of Modern Life review – irresistibly contagious TV

TheGuardian

Prof Hannah Fry is a joy, and will make you deeply excited about the weirdest things – like the magnetic strip on the back of your bank card Prof Hannah Fry brings her irresistible enthusiasm to the BBC for The Secret Genius of Modern Life ( BBC Two ), a documentary series about the seemingly simple everyday objects or ideas that we tend to take for granted, and how clever they really are.

Fresno 98
article thumbnail

Alternatives To Construction Loans Definitive Guide

Commercial Lending USA

Looking for a way to avoid being put through the financial stress of a construction project? Look no further than Alternatives to Construction Loans!

Lending 98
article thumbnail

Jack Henry & Associates bucks slowdown trend

Payments Dive

Executives for the tech services provider asserted that their pipeline of new business remains healthy despite economic headwinds beating up the rest of the industry.

Trends 273
article thumbnail

It Takes Two to Tango

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.

article thumbnail

Ways banks are finding, and retaining, talent

ATM Marketplace

Banks are rethinking branch strategies in light of consumers wanting financial advice at branches instead of traditional banking services. However, a challenge remains: how to find the right employees to meet this need?

article thumbnail

Zenus Bank chooses Finxact for digital transformation

BankInovation

Zenus Bank has tapped cloud-native core banking solution Finxact to scale its digital transformation. The San Juan, Puerto Rico-based bank’s new platform is expected to launch in April 2023 with Finxact capabilities operating on the Microsoft Azure cloud, Pedro Martinez, Zenus Bank’s chief information officer, told Bank Automation News. “We needed to rely on modern […].

article thumbnail

Companies House is dysfunctional and facilitating fraud, MPs told

TheGuardian

Less verification for someone to set up fraudulent shell firm than to borrow a library book, risk managers say The anti-fraud leader at the trade body UK Finance has said the government needs to fix the “dysfunctional” Companies House because it is helping to facilitate business fraud. Nick Van Benschoten, the director of international illicit finance at UK Finance, and anti-fraud bosses at the banks NatWest and HSBC took aim at the online register of UK-based companies.

Fraud 91
article thumbnail

Green Dot CEO taps new team

Payments Dive

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

Payments 243
article thumbnail

10 Ways to Leverage Buyer Signals and Drive Revenue

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.