Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. There has almost been $1.2 Trillion removed from the banking system over the past year. In addition, the recent banking stress, which resulted in several large bank failures, has amplified the outflow of deposits from the banking system, causing total deposits to decline for the fo

social media 221

social media FDIC Analysis System 221

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. You might also like this webinar: "Identifying emerging CRE credit risk red flags" WATCH Takeaway 1 Financial institutions face increased scrutiny over their risk management following recent bank failures.

Report 195

Report Risk Management Capital Data 195

ATM Marketplace

JUNE 6, 2023

Cash recycling is a relatively recent development for ATMs, which raises the question of whether it is actually a good investment that can save time and money while increasing teller productivity.

ATM 94

ATM 94

Accenture

JUNE 9, 2023

With Open Banking evolving into Open Finance around the world, it has been difficult to gather the necessary data to track its progress and see the patterns evolving in different regions. Thanks to Open Banking Excellence, that data has been gathered and analyzed in a new report, The Open Finance Index. The report sets a benchmark… The post How can banks lead the pack in open finance growth?

Regional 222

Regional Data Report Digital Banking 222

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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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Accenture

JUNE 4, 2023

Unless you’ve been living under a rock for the past few years, you’re aware that global trade and supply chains have been facing a series of challenges, from lockdowns to inflation, from geopolitical upheaval to the transformational power of generative AI. Are these short-term challenges for the industry, or is there a need for permanent… The post Can banks help solve our global trade challenges?

Industry 195

Industry 195

South State Correspondent

JUNE 7, 2023

Yours might be the case of the emperor lacking clothes. While many banks are helping their clients with employee retention credits (ERC) (If you are not, see HERE ), many banks with 500 employees or less still need to collect their OWN ERC rebates. During the pandemic, most banks retained their employees and suffered higher costs, lower customer interactions, less branch traffic, and a revenue drop in many business lines.

Taxes 195

Taxes Meeting Operations ATM 195

CFPB Monitor

JUNE 5, 2023

Two companion bills titled the “Consumer and Small Business Protection Act” have been introduced in the New York legislature would make sweeping changes to the provisions of the state’s general business law (Section 349) dealing with deceptive practices. In addition to creating a new private right of action, the bills would greatly expand the powers of the New York attorney general. .

New York 142

New York 142

BankUnderground

JUNE 8, 2023

Jonathan Acosta-Smith, Benjamin Guin, Mauricio Salgado-Moreno and Quynh-Anh Vo Over the past years, a growing consensus has acknowledged the need to construct a ‘ system [wherein] every financial decision takes climate change into account ‘ While such a system is still far from reality, market participants already produce and demand an increasing amount of climate-related information.

Policies 127

Policies Groups Regulation US 127

Payments Dive

JUNE 8, 2023

The payments processor is “highly engaged in” seeking targets to build up its merchant unit in the retail and services verticals, said CEO Frank Bisignano.

Retail 284

Retail Payments 284

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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

Community Bank

South State Correspondent

JUNE 5, 2023

Community bank cost of funds is jumping up. As shown in the graph below, the net interest margin (NIM) for community banks declined 22bps in Q1’23. Most of that NIM erosion is the result of a sharply higher cost of funding earning assets (COF). The question is – what will happen to community bank’s cost of funds from here? The graph below shows community bank cost of funds compared to those banks over $25B.

Community Bank 195

Community Bank Community Industry Strategy 195

Gonzobanker

JUNE 7, 2023

The launch of Charlie points to an underserved niche in banking: older adults. Well, it happened. At last. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s called Charlie , and its appeal is emotional. “You’ve been the everything to everyone. Now it’s your turn” reads the tagline on its website. At first glance, the account resembles plenty of others – free ATM access at thousands of locations, no monthly fees and no minimum account balances.

Los Angeles 105

Los Angeles Fintech Digital Banking Tools 105

BankInovation

JUNE 9, 2023

The blistering pace of AI development is creating market opportunities for financial institutions while making them vulnerable to an increasingly sophisticated threat: fraud.

Fraud 98

Fraud Fintech Security Marketing 98

Payments Dive

JUNE 5, 2023

Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

Groups 273

Groups Report Payments 273

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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.

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Ublocal

JUNE 5, 2023

Working capital is the lifeblood of any business, but it can be challenging for small business owners and entrepreneurs to get conventional financing. SBA loans were created to fill that gap. Contrary to popular belief, SBA loans aren’t just for start-ups or businesses that get turned down for conventional loans. SBA loans offer a variety of benefits, such as more flexible lending terms, and they can be a gateway to obtaining conventional financing in the future.

New Hampshire 98

New Hampshire Vermont Resources Taxes 98

American Banker

JUNE 9, 2023

Economic analysis from the real estate advisory CBRE finds that community banks are particularly imperiled by their exposure to commercial real estate loans. Others see looming risks in indirect lending.

Community Bank 101

Community Bank Report Analysis Lending 101

CFPB Monitor

JUNE 8, 2023

A group of federal agencies have proposed reconsideration of value (ROV) guidance for residential real estate valuations. The agencies are the Comptroller of the Currency (OCC), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (Board) and National Credit Union Administration (NCUA). Comments on the proposed guidance will be due 60 days after publication in the Federal Register.

FDIC 78

FDIC National Groups Lending 78

Payments Dive

JUNE 9, 2023

The digital payments pioneer told investors that it’s counting on a revised small and mid-sized business strategy to drive higher profit margins.

Strategy 293

Strategy Payments 293

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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

JUNE 5, 2023

These days, financial institutions have a great deal more to manage than their customers’ money. They must also manage their customers’ personally identifiable information safely and in accordance with an increasing number of regulations — data that makes this sector attractive and therefore more susceptible to cybercriminal attention.

Regulation 90

Regulation Data Management Company 90

ATM Marketplace

JUNE 9, 2023

Financial organizations can benefit dramatically from offering flexible work options to their employees.

Payments 106

Payments 106

CFPB Monitor

JUNE 8, 2023

At the end of March 2023, the CFPB issued its long-awaited final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data in connection with credit applications made by small businesses, including women- or minority-owned small businesses. .

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Data Report 78

Payments Dive

JUNE 7, 2023

Former Google CEO Eric Schmidt is among the investors in Keeta, which enters a competitive cross-border market.

Google 307

Google Payments Marketing 307

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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.

Analysis

American Banker

JUNE 9, 2023

The slow rollout of Apple's buy now/pay later service contrasts starkly with the aggressive moves of leading BNPL fintechs. Analysts say Apple's restraint could pay off in time.

Apple 92

Apple Fintech Payments 92

The Paypers

JUNE 5, 2023

The possibility of adopting central bank digital currencies (CBDCs) is being explored by countries worldwide, including the US. However, according to the Cato Institute 2023 CBDC National Survey, a mere 16% of Americans support the adoption of a CBDC.

Survey 81

Survey National US 81

CFPB Monitor

JUNE 8, 2023

For the past decade, Professor Jeff Sovern has criticized companies for including opt out provisions in their consumer arbitration clauses, even though such provisions give consumers freedom of choice by allowing them to reject arbitration without affecting the other contractual terms. Most recently, he argues that opt out provisions are actually what the FTC calls a “dark pattern”—a practice that “tricks users into making choices they would not otherwise have made and that may cause harm.” .

Company 78

Company 78

Payments Dive

JUNE 9, 2023

Bank failures and macroeconomic challenges have made capital markets challenging to navigate, Affirm CFO Michael Linford said.

Capital 284

Capital Marketing 284

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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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