BankUnderground

DECEMBER 19, 2022

Before Bank Underground takes a festive break, it’s time for the Annual Bank Underground Christmas Quiz. Test yourself against our 10 festively themed questions on economics, finance and all things central banking…. 1) (Currency) Which festive object appears on the back of a commemorative UK 50p coin? Please view this post in your web browser to complete the quiz. 2) (Commodities) The lighting of the Menorah at the Jewish winter festival of Hanukkah recalls the miracle of a jug of oil burning lo

Examples 126

Examples Maine Resources Policies 126

BankInovation

DECEMBER 21, 2022

If you’ve ever renovated your home, you know it can be a difficult process. Eating dinner in your garage for six months isn’t exactly a picnic, but the end result—a beautiful new kitchen where you’ll create meals and memories for years to come—makes the journey worthwhile. Implementing a new software solution at your financial institution […].

Software 52

Software Retail 52

American Banker

DECEMBER 21, 2022

Technology 85

Technology 85

ABA Community Banking

DECEMBER 20, 2022

What's on the banking industry's policy radar for 2023? ABA's Government Relations Council recently met in Washington, D.C., and GRC Chair Cathy Owen recaps the topics of consideration as the association prepares its banker-led Blueprint for Growth for the coming year. The post Podcast: What’s on banks’ policy agenda for 2023? appeared first on ABA Banking Journal.

Policies 59

Policies Washington Industry Resources 59

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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.

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Payments Dive

DECEMBER 22, 2022

The outgoing senator said he wanted to shield stablecoin activity from the Fed, which is still debating whether to issue a central bank digital currency. Toomey noted the Fed’s “significant skepticism” of stablecoins.

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Accenture

DECEMBER 19, 2022

Banks currently dominate the provision of treasury services for businesses in the United States, but they are beginning to face challenges to their long reign. Accenture conducted a survey of over 300 US businesses about their treasury functions, and the findings in our new report, “Unlock the treasury management treasure chest,” will be of particular….

Capital 195

Capital Fintech United States Survey 195

CFPB Monitor

DECEMBER 21, 2022

The Federal Reserve Board issued a final rule last week that establishes default rules for benchmark replacements in certain contracts that use the London Interbank Offered Rate (LIBOR) as a reference rate. LIBOR will be discontinued in June 2023. The.

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Payments Dive

DECEMBER 19, 2022

Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview.

Fintech 284

Fintech Payments Company 284

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant.

Resources 195

Resources Training Fraud Compliance 195

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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

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BankUnderground

DECEMBER 21, 2022

As is our annual tradition, we take a look back and present you once more with our most popular posts of the year. In case you missed any of them the first time round, the five most viewed posts for 2022 were: Predicting exchange rates. Cryptoassets, the metaverse and systemic risk. Capitalising climate risks: what are we weighting for? The impact of shipping costs and inflation.

System 110

System Management 110

CFPB Monitor

DECEMBER 22, 2022

Following the adoption by the Federal Reserve Board of a final rule under the Adjustable Interest Rate (LIBOR) Act, Fannie Mae and Freddie Mac have announced replacement indices for their legacy London Interbank Offered Rate (LIBOR)-based loans and securities. For single.

Security 147

Security 147

Payments Dive

DECEMBER 22, 2022

The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.

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ATM Marketplace

DECEMBER 20, 2022

For the third straight year, the Self-Service Innovation Awards honored the products that earned top honors for self service excellence during the Self-Service Innovation Summit.

Innovation 103

Innovation 103

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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.

Lending

BankInovation

DECEMBER 23, 2022

Digital customer service provider Glia has integrated its platform into Jack Henry’s Banno Digital Platform to provide clients with a more comprehensive customer experience. The New York-based Glia earlier this month directly integrated its digital customer service (DCS) technology into the Banno Digital Platform through Jack Henry’s existing APIs, according to a release from the […].

New York 98

New York Customer Experience Technology 98

TheGuardian

DECEMBER 20, 2022

Barclays, HSBC, Lloyds, Nationwide, NatWest and Santander to offer mortgages on medium and high-rise properties from January Six of the UK’s largest banks will start lending on medium and high-rise flats with cladding from January, in a move that could help thousands of people stuck in properties they have not been able to sell or remortgage. Lenders including Barclays, HSBC, Lloyds, Nationwide Building Society, NatWest and Santander, said they would consider fresh mortgage applications from 9 J

Lending 98

Lending How To Marketing 98

Payments Dive

DECEMBER 21, 2022

Payments companies chopped jobs as they confronted challenges posed by inflation and stagnating e-commerce growth.

Payments 284

Payments Company 284

Banking Exchange

DECEMBER 20, 2022

The new policy will take place as of January 2023 and is projected to save about 150,000 kilowatt hours Management Feature Human Resources Duties Feature3 Climate Crisis Covid19.

Maine 78

Maine Resources Policies Management 78

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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

Cards

BankInovation

DECEMBER 23, 2022

Financial institutions today are teetering into a Nash Equilibrium. A Nash Equilibrium, named for mathematician John Nash, occurs when players in a game can fully anticipate the choices of other players. When all players’ actions are considered, everyone is able to achieve their objectives. Every player wins. The concept was a groundbreaking contribution to game […].

Digital Banking 98

Digital Banking 98

TheGuardian

DECEMBER 20, 2022

Consumer Financial Protection Bureau orders bank to repay $2bn to consumers and a $1.7bn penalty Consumer banking giant Wells Fargo agreed to pay $3.7bn to settle a laundry list of charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts.

US 96

US 96

Payments Dive

DECEMBER 21, 2022

With the bill unlikely to be passed by Congress this week, supporters of the Credit Card Competition Act are turning their attention to next year.

Cards 243

Cards 243

CFPB Monitor

DECEMBER 23, 2022

On December 15, 2022, the New York Department of Financial Services (“NYDFS”) published an Industry Letter detailing the Department’s guidance regarding banking organizations that wish to engage in virtual currency-related activities.

New York 78

New York Industry 78

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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.

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BankInovation

DECEMBER 20, 2022

Banks and credit unions will invest in their customer and member engagement offerings in 2023 as more clients desire relationship banking. Financial institutions (FIs) plan to invest in digital improvements, physical branch support, contact center technology, marketing, operations and loan technology, according to the report “ENGAGE 2023: Customer Engagement in Banking: Annual Trends Report” released […].

Trends 98

Trends Operations Technology Report 98

TheGuardian

DECEMBER 18, 2022

He was injured in an accident and needs the Esure payment for rehabilitation Three years ago my son was injured after being knocked off his bicycle by a car, which had pulled out in front of him. The car driver’s insurer, Esure, accepted liability in July this year, and the long process of his recovery could begin. As part of the agreement, Esure was supposed to make a compensation payment of more than £20,000 by mid-August.

Payments 91

Payments Industry 91

Payments Dive

DECEMBER 19, 2022

Some payments companies have plans for extensive hiring next year, despite the economic headwinds that led other players to contract this year.

US 243

US Payments Company 243

CFPB Monitor

DECEMBER 23, 2022

The CFPB has filed a motion to dismiss , or in the alternative for summary judgment in, the lawsuit filed by the U.S. Chamber of Commerce in September 2022 challenging the CFPB’s update to the Unfair, Deceptive, or Abusive Acts.

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78

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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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