How one community bank is using technology to price deposits
American Banker
NOVEMBER 8, 2022
The Banker
NOVEMBER 7, 2022
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.
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William Mills
NOVEMBER 8, 2022
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.
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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.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
NOVEMBER 6, 2022
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.
Abrigo
NOVEMBER 9, 2022
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.
South State Correspondent
NOVEMBER 8, 2022
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.
Payments Dive
NOVEMBER 8, 2022
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.
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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.
Accenture
NOVEMBER 6, 2022
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.
Abrigo
NOVEMBER 7, 2022
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.
South State Correspondent
NOVEMBER 7, 2022
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
Payments Dive
NOVEMBER 9, 2022
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.
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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.
Gonzobanker
NOVEMBER 9, 2022
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
CFPB Monitor
NOVEMBER 8, 2022
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.
BankUnderground
NOVEMBER 9, 2022
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
Payments Dive
NOVEMBER 8, 2022
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.
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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.
ATM Marketplace
NOVEMBER 8, 2022
COVID-19 impacted every industry, including banking and consumer expectations. What role with ATMs and branches play in the post-COVID world?
TheGuardian
NOVEMBER 10, 2022
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.
Commercial Lending USA
NOVEMBER 10, 2022
Looking for a way to avoid being put through the financial stress of a construction project? Look no further than Alternatives to Construction Loans!
Payments Dive
NOVEMBER 9, 2022
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.
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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.
ATM Marketplace
NOVEMBER 11, 2022
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?
BankInovation
NOVEMBER 7, 2022
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 […].
TheGuardian
NOVEMBER 8, 2022
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.
Payments Dive
NOVEMBER 11, 2022
The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.
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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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