Sat.May 22, 2021 - Fri.May 28, 2021

article thumbnail

4 Unpredictable Financial Risks You Can Prepare For

Jack Henry

In banking there is, of course, always uncertainty and there are always unknowns. The current economic climate is no exception, and there are many reasons to make a special effort now to be proactive regarding financial risk. It’s time to reduce the worry by preparing for variables that might send surprises your way.

Course 88
article thumbnail

The U.S. Pandemic Recovery is a Chance to Improve Digital ID

Payments Source

Risk Authentication Payment fraud

Fraud 197
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Banks Can Use Data to Connect With Customers

BankInovation

Prior to the pandemic, many bank customers were already utilizing online banking, downloading mobile apps, and opening new accounts digitally. These features had become more than a nice-to-have for financial institutions; they were essential offerings that customers expected from their bank.

Data 83
article thumbnail

Perficient to Present at Fintech Generations 2021

Perficient

Perficient is excited to announce that Fintech Generations 2021 , a global fintech thought leadership event that takes place June 7-11, will feature Scott Albahary, chief strategist, financial services. In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses.

Fintech 462
article thumbnail

Back to Basics with Reconciliations

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.

article thumbnail

Introducing The Altimeter, an inside guide to banking in the cloud

Accenture

As the Covid-19 pandemic abates in much of the world, banks are doubling down on their efforts to embrace banking in the cloud. The pandemic highlighted the relative ease and flexibility of moving to the cloud, and of accomplishing things never before imagined. For example, banks created virtual call centers in days—an impossible mission for…. The post Introducing The Altimeter, an inside guide to banking in the cloud appeared first on Accenture Banking Blog.

Examples 441

More Trending

article thumbnail

Ballard Spahr’s Consumer Financial Services Group again receives highest national ranking from Chambers USA

CFPB Monitor

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. The Group was ranked in the highest tier nationally in Compliance and Litigation, the two categories previously used by Chambers USA for Financial Services Regulation: Consumer Finance.

National 148
article thumbnail

5 Powerful Statements for Your Debt Collections Call Model

Perficient

When was the last time you revisited the debt collections call model your agents follow? Is it suitable for customers who are late today – versus years ago? Customer contacts made via phone calls must become more than an ask for payment and the total amount due. Here are 5 powerful statements that must be part of your debt collections call model script to convey empathy and improve customer retention: “How can I support you and your family during this time of need?”.

US 294
article thumbnail

Five reasons the cloud is a generational opportunity for payments right now

Accenture

The power of the cloud shouldn’t be news for any leader in payments today. Whether public, private, or hybrid, the cloud’s capabilities are widely known and beyond dispute. But cloud transformation is newly urgent. Accenture research has found that modernizing payments is a $300 billion opportunity, with 2.7 trillion cash transactions forecast to move to….

Payments 370
article thumbnail

How Banks Can Support Small Businesses After COVID-19

Banking Exchange

The pandemic has had a profound effect on small businesses – but the post-pandemic rebirth is rife with opportunity Community Banking Feature3 Feature PPP Covid19 Bank Performance The Economy.

article thumbnail

How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

article thumbnail

Memorial Day: Remember Maurice "Maury" Hukill

Jeff For Banks

In 1975, a bloody civil war erupted in the country of Lebanon between Palestinian and other Muslim guerrillas and Christian groups. During the ensuing years, Syrian, Israeli and United Nations interventions failed to resolve the factional fighting and the resulting instability and bloodshed. In August, 1982, a multinational force, including 800 U.S.

article thumbnail

Does deglobalisation make economies more resilient to recessions?

BankUnderground

Marco Garofalo. Are less open economies more resilient to downturns? There is general agreement on the benefits of openness, but its adverse link to volatility is ambiguous. On the one hand, globalisation makes countries less sensitive to domestic disturbances, yet it also makes them more exposed to foreign shocks. In this post, I use local projections (LP) to show that international business cycles since 1870 appear to support a positive effect of openness on the economic resilience of a countr

Exercises 132
article thumbnail

Open Banking and CDR: How to adapt your channel strategy

Accenture

In our last post, we ran through some of the monetisation options available to banks as they begin to look beyond compliance with the Consumer Data Right (CDR) to imagine their strategic role in the new open-data economy. Since that post, CDR has progressed significantly. Today, all of the big four Australian banks have gone…. The post Open Banking and CDR: How to adapt your channel strategy appeared first on Accenture Banking Blog.

Strategy 294
article thumbnail

Blue Ridge and Aeldra Partner to Help Underserved Cross-Border Clients

Banking Exchange

Virginia-based bank seeks to boost banking access for overseas companies with US banking needs Community Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management.

Virginia 145
article thumbnail

Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

article thumbnail

This week’s podcast: A deep dive into the Fair Credit Reporting Act issues arising from use of the Consumer Data Industry Association (CDIA) compliance condition codes for disputed account information furnished to consumer reporting agencies

CFPB Monitor

We take a close look at the CDIA code options available for direct and indirect consumer disputes, their relationship to FCRA compliance, CFPB scrutiny of code use in FCRA compliance exams of furnishers, and court decisions involving alleged improper coding of disputed accounts. We also share our thoughts on best practices for furnishers in coding disputed accounts.

article thumbnail

British banks finance 805m tonnes of CO2 production a year

TheGuardian

Emissions from projects and companies backed by the City are nearly double those of the UK The amount of CO2 production financed by Britain’s banks and asset managers is nearly double the UK’s annual carbon emissions, according to a new report. The study, published by environmental campaign groups Greenpeace and WWF, shows the City provided loans and investments for projects and companies that emitted 805m tonnes of CO2 in 2019.

Study 110
article thumbnail

How the pandemic accelerated digital payments innovation

Accenture

The COVID-19 pandemic has pushed digital payments into a new era as businesses around the world were forced to switch quickly from in-store to online. As more and more consumers started to shop online, embedding the payments experience in customer journeys and managing payments infrastructure have become extremely important to businesses in virtually every industry.….

article thumbnail

Cities work to bring fintech to underserved communities

Payments Source

Community 211
article thumbnail

Is Your Current Card Platform Holding You Back?

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

article thumbnail

Weekly Wrap: KeyBank ramps up RPA use, Wall Street questioned by U.S. Senate

BankInovation

Bank Automation News spoke with KeyBank this week on how the $176 billion financial institution is leveraging robotic process automation (RPA) tools to automate its internal processes across commercial credit, consumer lending, commercial lending, the contact center, ACH payments, human resources and finance. KeyBank signed deals with Automation Anywhere in 2017, and with UiPath in 2020, to provide automation tools […].

Lending 98
article thumbnail

UK banks’ support for deforestation firms topped £900m last year

TheGuardian

MP leads call for amendment to environment bill to root out illegal deforestation from supply chains British banks provided at least £900m in finance last year to companies involved in deforestation overseas, research has shown, putting pressure on the government to include financial institutions in plans to force companies to root out illegal deforestation from their supply chains.

Company 105
article thumbnail

It’s 2021. Do You Know What Your AI Is Doing?

FICO

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests? The short answer: not great.

Study 98
article thumbnail

Addressing the Unbanked: ABA Hails ‘Bank On’ Success

Banking Exchange

The initiative has proven successful in addressing the needs of the US’s unbanked population Community Banking Feature Fair Lending Feature3 PPP Covid19 People The Economy Duties.

article thumbnail

It Takes Two to Tango

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.

article thumbnail

Inside Look: KeyBank ramps up RPA and process mining efforts 

BankInovation

KeyBank projects that 450 full-time equivalent (FTE) worker processes will be automated by January 2022, requiring the $176 billion bank to augment its automation team. The Ohio-based bank, which in 2017 began to roll out robotic process automation (RPA) in its frontline, middle and back-office operations, currently executes about 300 FTE worker processes daily.

Ohio 98
article thumbnail

Protesters call on banks to ‘drop African debt’ in wake of Covid

TheGuardian

World’s poorest nations saddled with ‘imprisoning’ debt, hampering responses to the pandemic, say activists protesting HSBC meeting Activists at a demonstration outside the annual general meeting of HSBC in London have demanded the bank and other financial giants provide debt relief to African countries hit hard by the coronavirus pandemic. In an attempt to highlight the role of private creditors in the debt crises of the world’s poorest countries, campaigners with “drop the debt” banners gather

Meeting 98
article thumbnail

Courier Scams – How They Work and How to Fight Them

FICO

The ‘courier scam’ is a global issue that intensified late last year and presented another worrying trend in the new world of digital payments and card scams. Courier scams have long been a problem, but the threat has gathered momentum in recent months, as fraudsters have found a lot of success and will continue the ‘winning’ formula while they still can find a victim that will fall to their schemes.

How To 98
article thumbnail

What role will cryptocurrency play with ATMs?

ATM Marketplace

Bitcoin ATMs present a key opportunity not just for customers but also for retailers, since they can often boost both their bottom line and their brand by deploying one of these machines.

ATM 85
article thumbnail

3 Ways Managed Device Services Help Community Banks Cut Costs

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