Sat.Dec 10, 2022 - Fri.Dec 16, 2022

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3 ways banks can wow customers with new value

Accenture

This is the second part of our series on how banks can adapt to changing customer behaviors and expectations. We’re picking up from the last blog, which explored the “why” of this critical issue; this time we discuss the “how”. I’m thrilled to again have my colleague Danelle Faust as co-author. She leads our financial…. The post 3 ways banks can wow customers with new value appeared first on Accenture Banking Blog.

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Building the digital bank: a roadmap to modern infrastructure

BankInovation

FinTech startups have brought a new level of innovation to core banking functions such as payments and lending, to name just two areas. Simplicity, ease of use, and speed have been critical to their success. The rapid growth in digital banking (and the success of the upstart companies offering these services) have left established banks […].

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Glass half full? Bankers expect a recession, but not a severe one

American Banker

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5 Factors to Consider When Choosing Your Next Tech Vendor

Bank Innovation

As your financial institution compares tools, technologies and partnerships that will help you scale in the coming years, there are many aspects to weigh when evaluating a potential vendor. Here are five important factors to keep in mind as you consider changes for your financial institution. Agility As our digital and economic landscape continues to […].

Tools 285
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Back to Basics with Reconciliations

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.

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How To Take Advantage of the Yield Curve When Loan Structuring

South State Correspondent

The yield curve is currently inverted after the FOMC’s last rate increase of 75 bps. The inversion will be more pronounced with next week’s additional rate increase, expected to be 50 bps. The yield curve shape is an excellent opportunity for community bankers to provide sound risk mitigation and balance sheet management advice to borrowers. We see many community bank borrowers desperately seeking a trusted advisor to help guide them through this volatile cycle.

How To 195

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The Ultimate Guide to Product Innovation in Banking

Accenture

The pace of change is not slowing down. Customers’ expectations have radically changed, and they expect much more from their banking products and services than ever before. To maintain relevance, banks need to be on the pulse of these needs and create products to solve them—to unlock value for both their customers and the bank.…. The post The Ultimate Guide to Product Innovation in Banking appeared first on Accenture Banking Blog.

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Visa pledges $1B investment in Africa

Payments Dive

The largest U.S. credit card network plans to make the investment over the next five years in a "commitment to Africa’s growth potential.

Cards 418
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SCOTUS agrees to hear second case challenging loan forgiveness

CFPB Monitor

On December 12, 2022, the Supreme Court announced that it would grant a petition for certiorari as to the separate loan-forgiveness challenge pending before the Fifth Circuit Court of Appeals and calendar the matter for argument in February 2023. On.

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Surveying the 2023 Economic Landscape for Financial Institutions

SWBC's LenderHub

Without a doubt, the economic story of the past year has been the highest inflation in decades. Not only is it impacting current financial and economic activity, but it is dominating the outlook as well. In short, whatever happens with inflation will determine the trajectory of the economy over the next year and a half.

Survey 146
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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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Banking top guns can boost mortgages with new tech

Accenture

Let’s start with the elephant in the room. Yes, mortgage rates are at a 14-year high and volume is off by more than 80%. But that’s why I’m writing this blog series. I figure if you work in the mortgage industry you have a lot of free time on your hands right now and are…. The post Banking top guns can boost mortgages with new tech appeared first on Accenture Banking Blog.

Industry 391
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FIS CEO exits earlier than expected

Payments Dive

In a change of plans for the payments processor, Gary Norcross will hand off the CEO title to Stephanie Ferris earlier than expected and won’t become executive chairman.

Payments 370
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Advocacy group files lawsuit challenging California regulations requiring consumer-like disclosures for commercial transactions

CFPB Monitor

On December 2, a non-profit advocacy organization filed a lawsuit in a California federal district court seeking to enjoin the California Department of Financial Protection and Innovation (DFPI) from enforcing the final regulations (Regulations) issued by the DFPI to implement.

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Supporting the Financial Services Industry Sustainability Journey

Cisco

As climate change and the impacts of the carbon-based economy are becoming a centerstage conundrum across the globe, driving shareholder value is no longer the only goal for financial institutions (FIs). There is pressure from shareholders, consumers, employees, and regulators for organizations to move towards a more sustainable future, and to set ambitious greenhouse gas (GHG) emissions reduction goals.

Industry 137
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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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SPAC Targets Bank in Blockchain Push

Banking Exchange

San Francisco-based acquisition company in talks to buy a bank holding company Management Feature M&A Feature3 Blockchain Cryptocurrency Bitcoin Community Banking Mortgage Mortgage/CRE.

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Shift4 CEO suggests company could go private

Payments Dive

The payments company, which went public in June 2020, isn’t ruling out a return to being private, its CEO said.

Company 458
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2022 Fair Lending Interagency Webinar looks at redlining, appraisal bias, special purpose credit programs

CFPB Monitor

The Federal Reserve System, through its Consumer Compliance Outlook platform, recently hosted its annual Fair Lending Interagency Webinar.

Lending 146
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Streamlining Cash Management in a Post-Pandemic World

ATM Marketplace

The COVID-19 pandemic may be subsiding, but merchants and ATM owners are strapped for resources. Cash management solutions can help ease some of the stress of operating a business during the post-pandemic recovery.

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Is Your Current Card Platform Holding You Back?

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

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Precautionary facilities: stitches for a fragmented financial safety net

BankUnderground

Daniel Christen and Nicola Shadbolt. Geoeconomic fragmentation is one of the greatest risks to the international monetary and financial system at present, particularly since Russia’s war of aggression against Ukraine. Fragmentation is likely to have wide-ranging implications for the global economy, including increasing the volatility of capital flows and exposing gaps in the global financial safety net (GFSN).

Capital 105
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QuickBooks highlights fintech solutions powering small business cash flow at annual QuickBooks Connect

Payments Dive

The annual QuickBooks Connect event explored fintech innovations improving small business cash flow.

Fintech 370
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George Osborne to earn share of £26.5m payout in first year at City advisory firm

TheGuardian

Robey Warshaw did not specify how much the former chancellor would collect George Osborne will collect a share of a £26.5m payout for his first year working as partner at the City advisory firm Robey Warshaw. The former chancellor, who orchestrated the austerity drive after the financial crisis, is one of four partners at the Mayfair-based company, which announced on Friday it would pay out a total of £26,482,914 to four men.

Company 103
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Security, bitcoin ATMs, banking trends claim top spots in 2022

ATM Marketplace

In 2022, readers revealed a wide variety of interests ranging from how to purchase a bitcoin ATM to how to handle ATM security and other topics.

ATM 108
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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.

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Looking for a fix and flip loan?

Commercial Lending USA

Fix and flip loans are short-term, real estate loans designed to grow the business of a real-estate investor for making a purchase, renovate & sell it for a good profit.

Lending 98
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Why real-time payments make sense today

Payments Dive

The impact real-time payments could have on customers and providers alike should not be ignored — especially in the face of an impending recession, writes a fintech co-founder.

Payments 243
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What has Barclays done with my £50,000 after post-Brexit changes?

TheGuardian

I kept the account when I moved to Greece, but the bank closed accounts held by non-UK residents I have had a Barclays bank account for 27 years and kept it when I moved to Greece but, after Brexit, it decided to close accounts held by non-UK residents. I have never received a letter from Barclays about this but, in September, I found I could no longer log in to my account which contained nearly £50,000.

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

For the past eleven years I searched for the Top 5 financial institutions in five-year total return to shareholders because I support long-term strategic decision making that may not benefit next quarter's or even next year's earnings. And I am weary of the persistent "get big or get out" mentality of many industry pundits. If their platitudes about scale are correct, then the largest FIs should logically demonstrate better shareholder returns, right?

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3 Ways Managed Device Services Help Community Banks Cut Costs

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