Sat.Apr 08, 2023 - Fri.Apr 14, 2023

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3 Tips to Head Off a Digital Banking Conversion Nightmare

Gonzobanker

Ticking these best practice boxes will help keep the monsters at bay on conversion day. It’s one of a banker’s worst nightmares: the digital banking conversion that was designed to improve the customer experience fails – locking users out of their accounts, not showing balances, making wire transfer features inaccessible… It recently happened to a $25 billion bank in the Midwest.

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Cash Or Credit Card For Your Travels Abroad?

BankBazaar

B ig wad of cash or a sl eek Credit Card ? Let’s help you figure out the pros and cons of both when travelling abroad , along with a few pro tips on using Credit Card s overseas. Business or leisure? You do not have to state the purpose of your visit to us, but we know for sure that you are going to spend when in a foreign country. Handling finances could be as daunting as figuring out the many nuances of a new country.

Cards 148
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How to protect ATMs from advanced threats

ATM Marketplace

As the technical capabilities of ATMs have increased, so has the sophistication of physical and digital attacks looking to access the cash and consumer data that ATMs store. To protect ATMs, businesses must fully understand the current global and regional-specific threats to both physical and digital bank property.

ATM 115
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Visa rattles ISOs with surcharge plan

Payments Dive

Payment processors and their merchant clients are bracing for Visa’s surcharge cap next week. “Don’t fight Visa right now – you’re not going to win,” advises one consultant.

Payments 370
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Fall In Love With the Month-End Close

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.

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Credit review systems: Does yours make the grade?

Abrigo

Building a strong credit review process A critical element of monitoring is an organization’s credit risk rating system. This blog will examine credit review in more detail. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results." DOWNLOAD Takeaway 1 Loan review, or credit review, must be timely, thorough, and accurate to meet regulatory requirements.

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Avoiding Client Remediation With RCSA (Part 3 of 3)

Perficient

In our first blog in this series, Getting Started With Client Remediation (Part 1 of 3) , we discussed how to get a client remediation program started, what levels of an organization should be involved in the client remediation program, and how ultimately positive outcomes, such as lower risks, improved technology, and risk monitoring, may result from a successful client remediation program.

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Pavilion Payments plots growth

Payments Dive

The gaming payments service provider, previously part of processor Global Payments, aims to increase business by investing in technology and more staff.

Payments 476
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Fair Value Accounting for Loans

South State Correspondent

Fair value accounting measures assets and liabilities at current market value instead of historical or amortized value. Most agree that attempt to fair value certain financial instruments would still not approximate the settlement of that instrument between a motivated buyer and seller – for example, there are many unpredictable or unknown factors to be able to value instruments like loans and deposits.

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Protected: Becoming the UK’s best digital bank through customer centricity

Accenture

There is no excerpt because this is a protected post. The post Protected: Becoming the UK’s best digital bank through customer centricity appeared first on Accenture Banking Blog.

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5 Ways You Can Win Faster with Gen AI in Sales

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.

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CFPB Director Rohit Chopra Addresses FDIC Deposit Insurance and the Banking Industry

CFPB Monitor

On April 11, 2023, the Consumer Financial Protection Bureau Director Rohit Chopra spoke with the Washington Post regarding the banking industry after the failure of Silicon Valley Bank. Director Chopra, who is also a board member of the Federal Deposit Insurance Corporation, focused his messaging on the need to better educate consumers regarding when their deposits are and are not insured by the FDIC.

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Why card networks should embrace gun codes

Payments Dive

Using the new merchant category code for gun and ammunition sales “could help identify dangerous patterns,” one advocacy group lawyer argues.

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CRE Credit Risk – What You Need To Know Now

South State Correspondent

The current banking crisis has put a magnifying lens on all non-Too-Big-Too-Fail banks. While the market focuses on deposits and liquidity, media pundits and analysts are waiting for credit problems to appear. Of all the credit risks within banks, one of the largest is in commercial real estate exposure. When CRE credit risk arises, it will likely spark a new round of bank failures.

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Examining best practices for ATM security

ATM Marketplace

With crime rising nationwide, ATM operators need to be vigilant to protect their assets. At the same time, new Payment Card Industry standards require operators to update their payment equipment to prevent fraudulent transactions. These are just some of the issues confronting today's ATM industry.

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The Role of Automation in Commercial Lending

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.

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What if it’s a perfect storm? Stronger evidence that insurers should account for co-occurring weather hazards

BankUnderground

John Hillier, Tom Perkins, Ryan Li, Hannah Bloomfield, Josie Lau, Stefan Claus, Paul Harrington, Shane Latchman and David Humphry In 2022 a sequence of storms (Dudley, Eunice and Franklin) inflicted a variety of hazards on the UK and across Northwest Europe, resulting in £2.5–4.2 billion in insured losses. They dramatically illustrate the potential risk of a ‘perfect storm’ involving correlated hazards that co-occur and combine to exacerbate the total impact.

Capital 115
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SF tech worker charged in murder of Cash App founder

Payments Dive

San Francisco police arrested an IT worker in the murder of Bob Lee, who was knifed to death in the early morning hours of April 4. Police declined to discuss a motive at a Thursday press conference.

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U.S. needs 'a viable pipeline for the creation of new banks,' says Fed's Bowman

American Banker

Policies 101
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Podcast: The just-do-it mindset in community bank innovation

ABA Community Banking

How can community bank emerging leaders take initiative in innovation? Tim Shangle advises bankers to take small steps and explore what new technologies can do. The post Podcast: The just-do-it mindset in community bank innovation appeared first on ABA Banking Journal.

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Outsource With Confidence for RDC Program Success

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.

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What’s Next For Fintech?: Investment Trends to Watch

CB Insights

The post What’s Next For Fintech?: Investment Trends to Watch appeared first on CB Insights Research.

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Visa forges new tie to PayPal

Payments Dive

Visa will help connect PayPal and its Venmo unit via a new P2P tool that will also draw in other payments players, including DailyPay and Western Union.

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PPP fraud investigations heat up. Who will be hit next?

American Banker

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Doing More With The Bare Necessities Of Life!

BankBazaar

Did we successfully put the ‘Baloo song’ in to your head? Good …n ow you’ll be singing it all day long. So n ow that that’s done, we have an interesting r ead ahead. It’s going to make you catch those lessons you probably missed growing up. Presenting , ‘ T he Jungle Book – The F inance S equel! ’ We all know who Mowgli is, don’t we? The Jungle Book hits home for children and adults everywhere, giving us that familiar feeling that is so easy to go back to!

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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.

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This week’s podcast episode: Performance-based regulation: a new approach to consumer financial regulation, with special guest Lauren Willis, Professor of Law and Associate Dean for Research, LMU Loyola Law School

CFPB Monitor

Professor Willis advocates the adoption of a performance-based approach to regulation to replace or supplement the current approach of disclosure and design regulation. We first discuss how benchmarks would be used in a performance-based approach and discuss the shortcomings of the current disclosure and design approach as well as behavioral economics in designing regulations. .

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Square rolls out new features

Payments Dive

Facing stiff competition, Block’s merchant services unit Square is adding tools for its merchant clients.

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It would be a mistake to regulate banks out of the crypto space

American Banker

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3 Ways to Hedge Your Auto Portfolio Against Losses

SWBC's LenderHub

Financial institutions and their borrowers are up against challenging times. Many households are facing financial difficulties in the face of high inflation, while financial institutions are struggling to maintain profitability due to economic uncertainty and rising interest rates. As a result, many are focusing their 2023 efforts on reducing costs to maintain returns and supporting their borrowers during these difficult times.

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10 Ways to Leverage Buyer Signals and Drive Revenue

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.