Jeff For Banks
SEPTEMBER 24, 2022
I moderated a strategic discussion at a recent banking conference. In that meeting, the CEO of a community bank said he offsets his branch costs by leasing branches out to unrelated businesses, like a masseuse. I thought he was joking. He wasn't. The anxiety community bankers feel about consolidating branches is palpable. What if you are the only bank in town and creating a banking desert?
Payments Dive
SEPTEMBER 26, 2022
The use of biometrics to authenticate payments is poised to bring more security and speed to transactions, but some say broad adoption on the part of consumers and merchants is still far from reach.
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ABA Community Banking
SEPTEMBER 29, 2022
Insights from the 2022 Federal Reserve/CSBS survey of community banks. The post One in 10 community banks planning to launch crypto services appeared first on ABA Banking Journal.
BankInovation
SEPTEMBER 27, 2022
KeyBank is looking to streamline access to its multiple digital platforms by reducing entry points and simplifying the loan process. To reduce friction, the $139 billion bank deployed its process engineers to review client data for a better understanding of which products are being used in tandem with others, Dominic Cugini, chief information officer of […].
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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.
Accenture
SEPTEMBER 26, 2022
As Yogi Berra once famously said, there is no difference, in theory, between theory and practice— but in practice, there is. That’s certainly true for tech transformation projects at banks. Most banks by now are well aware of the benefits of moving their tech stacks into the cloud. Most, likewise, are now a few…. The post Our top 10 cloud transformation lessons for banks in 2022 appeared first on Accenture Banking Blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
SEPTEMBER 30, 2022
A couple of weeks ago, we delved into the origination and operating costs of manufacturing commercial loans ( HERE ). In this article, we delve into deposit profitability and highlight the cost structure of deposits. The goal here is to give bankers that don’t utilize a funds transfer pricing and activity analysis methodology a glimpse into the cost of producing the most popular deposit categories.
Perficient
SEPTEMBER 29, 2022
This blog marks Part 1 of our Embedded Finance Blog Series and will introduce the overarching concept of embedded finance, setting us up to discuss embedded payments, embedded lending, and embedded insurance (all of which fall under the embedded finance umbrella) in future blogs. Embedded finance is the “embedding” of payment or banking software into non-financial services companies’ operations.
Accenture
SEPTEMBER 28, 2022
I’ve been hearing a lot about the metaverse and how it’s going to shake up all sorts of markets, and I began to wonder what it will mean for the auto and equipment finance sector. Here in the US, the Today Show recently brought the metaverse to life in a segment every day for a…. The post What is the metaverse and why should you care now? appeared first on Accenture Banking Blog.
Payments Dive
SEPTEMBER 30, 2022
Marqeta's report, which showed U.S. buy now-pay later use has climbed since last year, also points to consumers acquiring more credit cards.
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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.
Abrigo
SEPTEMBER 29, 2022
Construction loan softwares are a windfall of efficiency for financial institutions. Essential technology for modern lending and credit departments. Learn more about what they are and how they help banks and credit unions gain needed efficiency in the loan administration process. You might also like this webinar, "How to manage a high-performing construction loan portfolio.
Perficient
SEPTEMBER 26, 2022
Our insurance team is just returning from InsureTech Connect (ITC). What a great week in the desert! ITC is one of the, if not largest, industry gatherings of insurance carriers, solution provers, implementation partners, and startups. Over 2,400 companies were in attendance, and it was said that there were over 8,500 attendees present this year. I felt very fortunate to be in the company of thousands of like-minded professionals seeking to digitally transform an industry that’s focused on prote
South State Correspondent
SEPTEMBER 29, 2022
The Bank of England Blinks. The UK continues to dominate the trading this week, and this morning the Bank of England said they would temporarily cease their quantitative tightening program and instead turn to temporary quantitative easing, or long bond buying, in order to “restore orderly market conditions.”. Volatility in both the currency and fixed income markets started after the new government announced a fiscal stimulus plan late last week based around tax cuts and that fueled fears of rene
Payments Dive
SEPTEMBER 29, 2022
As buy now-pay later providers face a shifting economic environment and regulatory scrutiny, they’re likely pursuing transformation, a Guidehouse consultant said.
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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.
Abrigo
SEPTEMBER 29, 2022
Construction loan management software Construction loan management softwares are a windfall of efficiency for financial institutions. Learn more about what they are and how they help banks and credit unions gain needed efficiency in the loan administration process. You might also like this webinar, "How to manage a high-performing construction loan portfolio.
SWBC's LenderHub
SEPTEMBER 30, 2022
One of the most common ways your borrowers can suffer significant loss of income is through a disability. While many disabilities cause only temporary loss of income, the average long-term disability lasts 31.2 months.
South State Correspondent
SEPTEMBER 29, 2022
Last week the Federal Reserve again raised the Fed Funds rate by another 75 basis points – and again, that was in line with the market’s expectation. The question is when will the Fed stop, and what will be the terminal Fed Funds rate? We do not believe that the Fed’s “dot plot” fully reflects the amount of additional tightening that is required to bring inflation to the central bank’s desired 2.00% level.
Payments Dive
SEPTEMBER 30, 2022
PayPal alum Robert Mitchell will take the remittance platform’s financial helm as it looks to foster further growth after reaching profitability during the first half of 2022.
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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
Abrigo
SEPTEMBER 28, 2022
Construction loan administration Find out how today's technology has changed the shape of construction loan administration, creating a better customer experience and reducing risk. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loan administration can be tedious and complex.
BankUnderground
SEPTEMBER 30, 2022
Benjamin King and Jamie Semark. Open-ended funds (OEFs) offer daily redemptions to investors, often while holding illiquid assets that take longer to sell. There is evidence that this mismatch creates an incentive for investors to redeem ahead of others, which could lead to large redemptions from OEFs and asset price falls. Some research has suggested that ‘ swing pricing ’ can help to moderate these redemptions, but until now, no-one has considered the impact of its use on the wider economy.
American Banker
SEPTEMBER 30, 2022
Payments Dive
SEPTEMBER 30, 2022
CEOs of payments-related companies shared their thoughts on what consumers and merchants want when it comes to checkout and payments this holiday season.
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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
Abrigo
SEPTEMBER 28, 2022
Construction loan spreadsheets are slowing you down. Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 There was a time when spreadsheets were your best choice for tracking construction loans.
TheGuardian
SEPTEMBER 30, 2022
Three homebuyers on how they have been affected by the collapsing mortgage market Frances, 30, works in the healthcare sector and has been trying to sell her house in Cambridge in order to buy a bigger home in Bristol. In the past couple of weeks the chain for her house sale has collapsed twice, forcing her and her husband into a third attempt to upsize.
Payments Dive
SEPTEMBER 29, 2022
Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
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