Bobsguide
MAY 13, 2021
The past 12 months have accelerated the trend of moving consumers away from cash and more towards digital and contactless payments. With the pandemic having blurred the lines between people’s professional and personal lives, this consumer preference has also had a similar affect in the
Abrigo
MAY 11, 2021
The What, When, and How of Global Cash Flow While many institutions have already implemented global cash flow, are they using it effectively in the post-pandemic world? You might also like this webinar on assessing global cash flow. WATCH. Takeaway 1 Global cash flow can provide a more holistic lending picture as lending decisions have become more complex.
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Perficient
MAY 13, 2021
2020 had a significant impact on families from many perspectives. Consumers who worked extremely hard to achieve coveted top credit scores were caught off guard and ended up having to rely on their savings to stay in good standings with banks and creditors. Unfortunately, no one could predict how long the impact would last, and therefore those consumers fell into delinquency.
SWBC's LenderHub
MAY 10, 2021
Last Week: In an action-packed week, the equity markets continued the big equity rotation trade where the high-flying “Big Tech” and “Fintech Disrupter” stocks lost more ground to value stocks, such as banks. A good example of the activity could be found in two Exchange Traded Funds. Cathy Wood’s Ark Innovation (ticker: ARKK) fell 9% week-over-week, while Invesco’s ETF that tracks the KBW Bank Index (ticker: KBWB) advanced 4%, setting a new all-time high on Friday.
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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.
Bobsguide
MAY 11, 2021
Investors need to start ingesting ESG factors in their overall value proposition to remain relevant, according to Simone Vroegop, head of investor services strategy for Europe and Asia at Brown Brothers Harriman. “ESG has gone from a hype to the biggest revolution where virtually all.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Gonzobanker
MAY 14, 2021
The Fed’s proposed change to the Durbin Amendment could mean big losses in payment card interchange income for financial institutions. This week marks the 10 th anniversary of the Durbin Amendment (Regulation II) to the Dodd-Frank law that went into effect on Oct. 1, 2011. It is a momentous occasion that we will all celebrate … NOT. Non-regulated financial institutions should be grateful that it has taken the Federal Reserve this long to officially muck up the current legislation.
BankUnderground
MAY 11, 2021
Belinda Tracey and Neeltje van Horen. How is household consumption affected by borrowing constraints in the mortgage market? In a new paper , we answer this question by studying the UK’s Help to Buy (HTB) program over the period 2014–16. The program facilitated home purchases with only a 5% down payment and resulted in a sharp relaxation of the down-payment constraint.
Bobsguide
MAY 13, 2021
Google’s head of retail banking, Zac Maufe, confirmed the tech giant is stepping into the banking sector. “We're really excited because we think that there are so many technologies and capabilities that Google has to offer that can be brought into the financial services space and.
Abrigo
MAY 14, 2021
Align inputs, outputs, and teams for risk optimization. How can financial risk models within the bank or credit union benefit from using the same sheet music? Check out this webinar on Enterprise Risk Management. WATCH ON-DEMAND. Takeaway 1 Enterprise Risk Management is a priority for financial institution leaders but still maturing. Takeaway 2 Key assumptions from financial models can and should be reused for better, performant risk assessments.
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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
Cisco
MAY 10, 2021
The move to an all-online world has been expedited by the Covid-19 pandemic, and many companies have had to accelerate their timelines for digital transformation dramatically. The impact of the pandemic has been felt across every industry in a way that no-one could have predicted. For financial services, this meant unforeseen challenges and significant disruption.
TheGuardian
MAY 11, 2021
The crypto asset is down more than 30% this week but is still up by more than 1,000% from the start of 2021 A senior manager at Goldman Sachs in London has quit the US investment bank after making millions from investing in Dogecoin, the joke crypto asset which has risen by more than 1,000% in value this year. City sources said Aziz McMahon, a managing director and head of emerging market sales, had resigned from the bank after making money from investing in the digital currency based on the Dog
Banking Exchange
MAY 12, 2021
Nearly two thirds believe their bank to be in a strong position, survey shows Risk Management Retail Banking Technology Feature3 Financial Research Feature Financial Trends The Economy Covid19 PPP Online Mobile.
Abrigo
MAY 10, 2021
Features of a Commercial LOS What basic functions should a loan origination system complete? What should an LOS vendor provide? . You might also like this Aite Group report on LOS vendors. DOWNLOAD. Takeaway 1 Know the features and functions of a loan origination system (LOS) if your financial institution is shopping for one or upgrading. Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing.
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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.
Bobsguide
MAY 12, 2021
Bank of England governor Andrew Bailey has said that money market funds (MMFs) proved in the early stages of the pandemic that they were “not sufficiently resilient” That is despite efforts to increase the stability of MMFs after their involvement in the demise of Lehman Brothers and.
Gonzobanker
MAY 11, 2021
Successful contract negotiators know when to hold ’em and when to fold ’em. While there is clearly a need for financial institutions to approach vendor agreements armed with tactical knowledge and supporting analytics, there is no substitute for employing methodical action throughout the entire contract negotiation process. In the end, when it comes down to dollars and cents, a little common sense and a lot of shrewd intuition will go a long way.
Jack Henry
MAY 12, 2021
About two years ago, I sent a letter to bank and credit union CEOs and Presidents conveying what open banking is and what it means to Jack Henry. Since that time, the demand for improved digital experiences, centered around the needs of customers and members, has made open banking essential. In today’s market, people aren’t just comparing financial institutions when making decisions on where to bank – they’re comparing experiences.
TheGuardian
MAY 8, 2021
After the victim was left on hold and cut off, the bank told him it was up to him to try to recover the money A business manager has described watching helplessly as fraudsters emptied his current account, even as he desperately tried to get through to someone at his bank to stop the theft. Alerted by a text from Lloyds bank last month warning him that a £4,100 payment was leaving his current account, Adrian Giles* leapt into action and immediately called to halt it.
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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
Bobsguide
MAY 13, 2021
The UK government must prioritise the protection and expansion of the country’s fintech markets, according to Ron Kalifa and Charlotte Crosswell, co-authors of the Kalifa Review. “It’s about domestic capital,” said Kalifa, who has speaking today at bobsguide’s west.
BankInovation
MAY 12, 2021
Improved data quality and cost savings have spurred KeyBank to roll out robotic process automation (RPA) in its frontline, back office and technology operations recently. KeyBank first implemented RPA solutions via the cloud-native, web-based and AI-infused Automation Anywhere platform in 2018, said Dominic Cugini, chief information officer of service digitization at the $170 billion KeyBank, […].
Banking Exchange
MAY 10, 2021
Small and medium sized businesses unhappy with support from banking partners, according to research Community Banking Feature3 Feature Financial Trends Retail Banking PPP Covid19.
CFPB Monitor
MAY 14, 2021
As part of its Making Ends Meet survey, the CFPB issued a report last week on how consumers use payday, auto title, and pawn loans (“alternative financial services” or “AFS”) and the other sources of credit available to them. Consumers surveyed include only those with a traditional credit record and the sampling focused on consumers with lower credit scores, recent credit delinquencies, or living in rural areas.
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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.
Jeff For Banks
MAY 13, 2021
S&P Global Market Intelligence Principal Analyst Nathan Stovall recently interviewed Mercer Capital's Jeff Davis on the Street Talk podcast regarding the thorny banking issues of the liquidity glut, persistently (or perpetually?) low rates, and the branch costs millstone. I highlight Jeff's comments, and offer some solutions in this video blog. Enjoy!
BankInovation
MAY 10, 2021
Technology solutions provider FIS is set to roll out a mobile banking solution that enables banks to give their customers the ability to buy, sell and hold Bitcoin within their traditional bank accounts. FIS Digital One is a user-friendly interface that connects consumers seamlessly in-app with Bitcoin trading. Under a recently signed agreement with the […].
Jack Henry
MAY 13, 2021
When it comes to optimizing your bank’s commercial services portfolio, where do you even begin? Imagine this scenario – you are the Treasury Officer at your local community bank attending the weekly management meeting. Some open conversation about the existing commercial market space starts to take shape and the questions start coming your way.
Bobsguide
MAY 12, 2021
Wells Fargo is ready to pilot the Federal Reserve’s new instant payments service, FedNow, which is expected to launch in 2023. Speaking at this year’s Finovate Spring, Braden More, executive vice president and head of partnerships and industry relations at Wells Fargo said he hopes.
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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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