Accenture

JULY 1, 2024

In part one of my blog, I explored how current macroeconomic events are akin to a solar storm and the Northern Lights are the manifestation of the banking industry’s reaction to uncertainty. In part two, I will discuss key areas banks should focus on to avoid becoming paralyzed by the challenges they face. Over the… The post Navigating the storm: Strategic focus areas for retail banks in uncertain times appeared first on Accenture Banking Blog.

Retail 345

Retail Management Data 345

Payments Dive

JULY 2, 2024

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

Fraud 447

Fraud Industry Payments 447

American Banker

JULY 3, 2024

With the line between banks and fintechs growing ever blurrier, financial services supervisors ought to consider adjusting regulation to fit the kinds of activity an institution is engaged in.

Regulation 78

Regulation System Fintech Compliance 78

BankInovation

JULY 1, 2024

Data insights company S&P Global is developing internal- and external-facing generative AI tools to boost efficiencies — and it hopes to monetize the technology by offering it to customers.

Tools 127

Tools New York Data Technology 127

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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.

Groups

TheGuardian

JUNE 30, 2024

Exclusive: Rise in dealmaking likely to be reflected in spring bonus season as interest rate hike cycle ends London’s investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates. Demand for investment banking services – such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds – was hit by a sharp increase in

Company 111

Company 111

Perficient

JULY 2, 2024

Navigating the complexities of cloud technology requires an exceptional partner. We are thrilled to announce that Perficient has been named a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment (Doc #US51406224, June 2024). What Does This Inclusion Mean for Perficient? “We’re honored to be recognized as a Major Player in this IDC MarketScape Report, a distinction we believe highlights our holistic approach to cloud strategy and our implementation exp

Strategy 251

Strategy Operations Innovation Technology 251

ATM Marketplace

JULY 5, 2024

The payment industry has evolved significantly in the past 20 years and so has PCI. The aftermath of PCI DSS 4.0 is still being felt. Here are a few changes to make to ensure your ATM fleet stays up-to-date.

ATM 129

ATM Industry Payments 129

BankInovation

JULY 5, 2024

ConnectOne Bank built its own data lake and data warehouse in-house to allow for access to insights for all departments. One of the first assignments for the $9.8 billion Englewood Cliffs, N.J.

Data 131

Data Technology Analytics 131

Payments Dive

JULY 3, 2024

The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

Tools 370

Tools Data Management Company 370

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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

Jeff For Banks

JULY 1, 2024

Financial Markets Update – Second Quarter 2024 A dream vacation! I went with family and friends to Holland and Belgium during peak tulip season during April. It was so beautiful and lots of fun. We saw so many fabulous places, including Amsterdam, Kinderdijk and its windmills, Keukenhof Gardens, Brussels, Bruges, and Antwerp. We learned how Holland keeps the floodwaters away.

Marketing 153

Marketing Conference Policies Survey 153

TheGuardian

JULY 2, 2024

Former chancellor cleared for role by body examining propriety of ministers taking jobs in private sector Sajid Javid, the former Conservative chancellor of the exchequer, is to become a partner at a London investment firm founded by a trio of his former colleagues at Deutsche Bank. The former banker, who held seven ministerial positions in a 15-year political career, confirmed on Tuesday that he was joining Centricus, a private equity and asset manager based in Mayfair.

Management 101

Management 101

BankInovation

JULY 2, 2024

Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank Automation Summit Europe 2024 about AI in financial services. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss banking automation, AI, regulation, payments and more.

Regulation 98

Regulation Industry Payments 98

Payments Dive

JULY 1, 2024

A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

368

368

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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

American Banker

JULY 5, 2024

In this month's roundup of top tech news: U.S. Bank partnered with Greenlight to provide financial education resources, ransomware group LockBit released data belonging to Evolve Bank & Trust, banks consider the merits of open-source and closed-source generative AI and more.

Data 87

Data Resources Groups Cyber Security 87

TheGuardian

JULY 5, 2024

Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum The family of a deaf man who was groomed by a gang into taking out a £28,000 business loan has demanded to know how a vulnerable person, with virtually no assets, could be marched into a Metro Bank, and allowed to borrow such a huge sum. Peter James*, who has special educational needs, and who only communicates through British Sign Language, was being chased by the bank’s debt collectors, and facing po

Metro 93

Metro 93

BankInovation

JULY 3, 2024

Hudson, Mass.-based bank Avidia Bank has selected digital banking service provider Q2 to improve its digital banking capabilities. The $2.5 billion bank will also tap data-driven personalization fintech Personetics’ AI-driven engagement platform through Q2’s platform, Avidia Chief Marketing Officer at Avidia Bank, Janel Maysonet told Bank Automation News.

Digital Banking 77

Digital Banking Fintech Data Marketing 77

Payments Dive

JULY 1, 2024

Research from online payments processor Stripe found that providing BNPL increases the average size and total number of sales.

Online 393

Online Payments 393

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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

American Banker

JULY 5, 2024

The central bank also noted that the banking system is sound but faces several challenges. The report precedes Federal Reserve Chair Jerome Powell's upcoming appearances on Capitol Hill.

Policies 85

Policies Report System 85

TheGuardian

JULY 5, 2024

After tracking down an ATM and navigating public transport, I went to all my usual spots – and had some surprises When my editor asked me to go old-school and only use cash for a weekend to test whether it’s impossible or a breeze to live without digital payments, my response was: “I don’t even know where my debit card is.” As I rifled around in the pockets of various pants and bags in search of it, I found $115 shoved into a red Christmas envelope.

ATM 87

ATM Cards Payments 87

The Paypers

JULY 1, 2024

Sweden-based biometrics company Fingerprint Cards (Fingerprints) has partnered with paytech Valid to develop a biometric payment card for the Brazilian market.

Cards 88

Cards Payments Marketing Company 88

Payments Dive

JULY 1, 2024

The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

Cards 259

Cards 259

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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

JULY 3, 2024

Former employees of the Austin-based City National Bank still recall the 1981 flood that deluged the city and Whole Foods, and they take pride in the lender's role in rescuing what was then a fledgling health food store.

Community Bank 88

Community Bank Austin Community National 88

TheGuardian

JUNE 30, 2024

Agustín Carstens tells policymakers and politicians to be careful ahead of Frances high stakes election Rising government debt levels could disturb global financial markets, the boss of the body that advises central banks has said ahead of France’s high stakes general election. Agustín Carstens, the director of the Bank for International Settlements (BIS), said the world economy was on course for a “smooth landing” from the inflation crisis, but he warned policymakers, especially politicians, ne

Marketing 78

Marketing Course 78

ATM Marketplace

JULY 2, 2024

Here are three of the best self-service banking tools that can improve the bank experience.

Customer Experience 92

Customer Experience Tools 92

Payments Dive

JULY 2, 2024

Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

New York 195

New York Regulation Industry 195

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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

Community Bank