Accenture
APRIL 7, 2022
Cyber-attacks are becoming more sophisticated all the time, and financial institutions are under enormous pressure to protect their customers and networks from this threat. SWIFT’s Customer Security Programme (CSP) is designed to ensure that financial institutions keep up with the controls they need to address cyber threats. With 23 mandatory controls and 9 advisories in….
South State Correspondent
APRIL 6, 2022
Our recent sampling of 73 banks indicates that most banks have not adjusted loan or relationship pricing assumptions over the last two years. That could be a mistake as the environment has been radically different since 2020, and many banks are mispricing their commercial loans and relationships. In this article, we provide banks with four changes, that account for about 90% of performance, that should be made in loan pricing models, plus deliver the data around those changes.
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Jack Henry
APRIL 7, 2022
Partnering with large financial technology companies can be a tremendous opportunity for fintechs to gain exposure to more financial institutions and end-users. In return, large technology companies can benefit from the innovative solutions fintechs offer that can help them stand out from the competition and exceed customer expectations. Regardless, there’s no doubt that these mutually beneficial relationships regarding fintech in the banking industry are the future.
Payments Dive
APRIL 8, 2022
With the $1.5 billion acquisition of cryptocurrency payments firm Wyre, Bolt aims to bring crypto front and center within its online checkout capabilities and digital wallet. Crypto "will be a major part of Bolt’s strategy going forward," said CEO Maju Kuruvilla.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Accenture
APRIL 6, 2022
The auto and equipment finance market is growing worldwide. Most current lenders are doubling down on their commitments, while other companies are excited to explore the opportunities. Whichever you are, there are three different approaches you could take—you could build a new business from scratch, buy an existing business or partner with a finance business….
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
APRIL 7, 2022
The Key to Successful Mergers & Acquisitions Mergers and acquisitions are a great way to get ahead, but what might consolidation mean for your institution? You might also like this webinar, "Mergers & Acquisitions in a CECL Environment." WATCH . Takeaway 1 Due to their many benefits, mergers and acquisitions are on the rise in today's competitive financial marketplace.
Payments Dive
APRIL 7, 2022
Merchants are incurring tens of millions of dollars in additional interchange, or "swipe," fee increases that the big credit card companies Mastercard and Visa are deploying. There was a loud silence about the inevitability of those boosts this year.
Accenture
APRIL 6, 2022
One of the most remarkable things about payments right now is how easy they are to miss. Not that long ago, moving money around was a multi-step process that demanded one’s attention. You’d go to the ATM to get money, then go shopping, hand some over, and get some back. But today, thanks to technologies…. The post How convergence is fueling growth in payments appeared first on Accenture Banking Blog.
Perficient
APRIL 4, 2022
Recently, Digital Insurance issued the findings from Keynova Group on the 2022 Mobile Insurance Scorecard. While mobile has long been a part of the carrier offering – pay a bill, get an ID card, file a claim – this survey reflects the evolution of insurers from transactional into personalized servicing. I’ve long advocated that personalization includes three essential elements: . 1) Know Me – Data & Analytics Relevant to the Customer. 2) Learn About Me – Preferences and Interact
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Abrigo
APRIL 7, 2022
Experts answer CECL questions from 2023 adopters Participants in Abrigo's CECL Kickstart webinars asked consultants their questions leading up to the 2023 CECL implementation date. Would you like other articles like this in your inbox? Takeaway 1 Financial institutions brought practical questions to Abrigo consultants during the CECL Kickstart webinar. .
Payments Dive
APRIL 6, 2022
As cryptocurrency adoption grows worldwide, many Americans are increasingly interested in it, according to several new surveys. However, many consumers acknowledge they still don’t fully understand cryptocurrencies.
South State Correspondent
APRIL 6, 2022
For any bank using Salesforce and/or nCino as their CRM and loan origination platform, respectively, or if you are considering those platforms, we would love to exchange best practice ideas with you. We will be holding an in-person roundtable session at the upcoming S&P Global Community Bank Conference 2022 at the Four Seasons Resort and Club at Las Colinas (Dallas) on May 16 th at 3pm.
Accenture
APRIL 4, 2022
How is operations perceived within your bank? As a back-end function ripe for continual cost reductions? Or as an embedded part of an integrated end-to-end design process, collaborating with other areas to create compelling and cost-effective experiences for customers? If your answer was the first rather than second of these options, it’s time for a….
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
Abrigo
APRIL 6, 2022
New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." WATCH. Takeaway 1 Financial institutions must revise their incident response and business continuity procedures to meet new requirements by May 1, 2022.
Payments Dive
APRIL 7, 2022
The banks earn billions of dollars from credit and debit card interchange fees so why would they want Zelle stepping in to connect consumers directly to bank accounts? "Banks would never want to jeopardize interchange revenue," said one analyst.
South State Correspondent
APRIL 4, 2022
A yield curve shows interest rates associated with different contract lengths for a particular interest rate instrument. With recent interest rate volatility, the yield curve is changing shape daily, and there is much discussion about how the shape of the yield curve predicts the future strength of the economy. While economists may use the shape of the yield curve to gauge future economic strength, bankers should be paying particular attention to the lending curve.
CFPB Monitor
APRIL 7, 2022
As previously reported , the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that a borrower has applied for assistance from the Treasury Department’s Homeowner Assistance Fund (HAF). Fannie Mae and Freddie Mac have issued guidance documents implementing this requirement in Updated Lender Letter 2021-01 and Bulletin 2022-8 , respectively.
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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.
SWBC's LenderHub
APRIL 5, 2022
“At times like these, the discussions in the corridors of power are about history, not politics or economics.” - Ashton Carter.
Payments Dive
APRIL 6, 2022
While overall Russian card payments volume is expected to decline as U.S. card companies exit the country, Russia's Mir payments system and related cards may benefit, according to new research. U.S. payments companies are expected to forgo about $2.4 billion in annual revenue.
Jack Henry
APRIL 5, 2022
If we’ve learned anything from the pandemic, it’s that the old ways of handling lending processes will hold you back. We consistently hear deep frustration from banks and credit unions about drowning in paperwork, a lack of visibility, inconsistent processes, and the problems associated with disparate systems cobbled together to push loan applications through their pipeline.
CFPB Monitor
APRIL 7, 2022
A new CFPB report, “ Market snapshot: Consumer use of State payday loan extended payment plans, ” describes the requirements of state payday loan extended payment plan laws in the 16 states that have such laws. The report also compares extended payment plan usage to payday loan rollover and default rates. According to the CFPB, the report “is believed to be the first study to compare State extended payment plans and usage rates.”.
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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.
Bobsguide
APRIL 7, 2022
London (5 April 2022): TS Imagine , the leader in trading, portfolio and risk management solutions for capital markets, today announces that it has successfully integrated with crypto platform Gemini. Using TradeSmart, the all-asset execution and order management system, TS Imagine clients are now able to connect to Gemini and place trades in Bitcoin, Ether and more than 75 other cryptocurrencies.
Payments Dive
APRIL 8, 2022
The tech juggernaut opened its first full-size checkout free Fresh store on the East Coast this week in suburban Washington, D.C., bringing the chain total to 27 nationwide. That latest opening in Fairfax, Virginia, is the first of four in that suburban area that Amazon plans to open.
SWBC's LenderHub
APRIL 4, 2022
Last Week. Last week’s biggest market event in this reporter’s opinion was the continued sky-rocketing yield of the U.S. Treasury 2-year note as it rose another 19 basis points for the week with 2s 10s curve spread inverting Friday.
CFPB Monitor
APRIL 4, 2022
The CFPB has entered into a consent order with Edfinancial Services, a student loan servicer, to settle the Bureau’s allegations that Edfinancial engaged in deceptive acts and practices in violation of the CFPA UDAAP prohibition. The consent order requires Edfinancial to pay a $1 million civil money penalty. According to the Bureau’s findings set forth in the consent order (which Edfinancial neither admits nor denies), Edfinancial made various misrepresentations to borrowers with Federal Family
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
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