Abrigo

JUNE 27, 2024

How does your AML program detect structured cash transactions? Read this blog to learn the definition of structuring, why it is illegal, and some examples of structuring scenarios that can help banks understand customer behavior and intent. Would you like other articles like this in your inbox? Takeaway 1 When reviewing customer activity for instances of structuring, it is important to look for patterns in behavior as well as an intent to structure.

Examples 195

Examples Fraud Report Training 195

South State Correspondent

JUNE 25, 2024

In a previous article [ here ] we discussed why community banks need product managers to ensure that financial products and services are effectively developed, launched, and managed to meet customers’ evolving needs and the bank’s risk and profitability goals. In this article, we provide a concrete example of how product management in lending might work.

Lending 195

Lending Management Community Bank Community 195

Commercial Lending USA

JUNE 24, 2024

Time is significant in the fast-paced world of commercial real estate. But what do you do when a great chance comes up but your stable bridge lending solutions still need to be implemented?

Lending 98

Lending 98

Payments Dive

JUNE 25, 2024

On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

Cards 438

Cards 438

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Fintech

Accenture

JUNE 24, 2024

Following the release of our new report, “The age of AI: Banking’s new reality”, I sat down with my team to discuss how generative AI is reshaping the banking industry. It sparked an interesting conversation about current adoption journeys, strategic priorities, and the exciting possibilities ahead for banks. I thought I’d share some of the… The post The impact of generative AI in banking appeared first on Accenture Banking Blog.

Industry 299

Industry Report Digital Banking 299

Abrigo

JUNE 28, 2024

Navigating interest rate management in today's environment As regulators focus on interest rate risk management, read about what financial institutions can do to be ready for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 Many financial institutions are questioning where rates are headed and how to structure their ALM strategies accordingly.

Community Bank 195

Community Bank Strategy Community Management 195

Payments Dive

JUNE 25, 2024

Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.

Taxes 411

Taxes Pennsylvania Cards Payments 411

Accenture

JUNE 27, 2024

Ella Fitzgerald was one of the first, in the ‘30s, to have a hit with the song ‘Ain’t What You Do, It’s the Way That You Do It’. The fact that legions of musicians have and continue to record it tells me there’s a universal truth there that most people recognize. This is certainly the… The post Five key success factors for commercial banks to scale generative AI appeared first on Accenture Banking Blog.

Banking Trends 249

Banking Trends Trends 249

South State Correspondent

JUNE 27, 2024

Because of the option to add or remove deposit balances over time, deposit management is one of the more complicated endeavors in banking. Lending, by comparison, is largely a one dimensional supply vs. demand problem. Building better deposit performance is more complicated. Add a three month CD option for your customers and the duration of your money market accounts can noticeably get reduced.

How To 195

How To Metro Marketing America 195

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Tools

BankInovation

JUNE 25, 2024

Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast. According to auto lender and Pagaya partner Ally Financial, POS financing is expected to reach a value of more than $81 billion by 2030.

Lending 122

Lending Retail Technology Payments 122

Payments Dive

JUNE 24, 2024

The persistence of the networks’ ‘honor all cards’ rule may be a key reason Judge Margo Brodie is unlikely to approve a negotiated resolution of the two-decade-old case brought by merchants.

Cards 407

Cards 407

ATM Marketplace

JUNE 28, 2024

One often ignored issue by politicians is the loss of in-person banking services. Politicians should address voters’ concerns about the decline in in-person access to cash and financial services.

104

104

American Banker

JUNE 25, 2024

General Motors' financial arm has halted its quest for an industrial loan company charter from the FDIC, but is signaling that it will try again. Observers said the automaker may wait until after the presidential election to decide how to move forward.

FDIC 92

FDIC Industry How To Company 92

Advertisement

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

Case Study

TheGuardian

JUNE 24, 2024

Investigation finds funds touting ethical credentials include fast fashion labels and fossil fuel companies Fast fashion labels, fossil fuel companies and SUV-makers are present in EU-regulated “sustainable” funds that tout their ethical credentials in their names, the Guardian and media partners can reveal, with $18bn (£14bn) of their investments going to the 200 biggest polluters.

Regulation 89

Regulation Analysis Data Marketing 89

Payments Dive

JUNE 26, 2024

Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

Industry 408

Industry 408

BankInovation

JUNE 25, 2024

Nvidia is spearheading the AI industry’s growth with its latest data centers focused on developing and deploying models for the financial services industry.

Data 89

Data Industry Marketing 89

American Banker

JUNE 27, 2024

Leaders that have created virtual "branches" weighed in at American Banker's Digital Banking conference on how to approach implementation and what results have been like.

Conference 87

Conference Digital Banking How To Customer Experience 87

Advertisement

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

Fraud

TheGuardian

JUNE 28, 2024

Climate groups and anti-war activists say bank using reported £20m deal to ‘hide its multitude of sins’ Wimbledon is facing calls to drop Barclays as a sponsor over the bank’s ties to fossil fuels and defence companies supplying Israel. Ahead of the 2024 championships, which begin on Monday, climate groups and anti-war activists say the bank is using the event to “cover up its role” in funding the climate crisis and to “hide from accountability for its role in enabling Israel’s war crimes”.

Groups 78

Groups Report Company 78

Payments Dive

JUNE 25, 2024

The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority CEO Tom Priore predicted.

Cards 394

Cards 394

The Paypers

JUNE 27, 2024

The Algorand Foundation, Archax , abrdn , and Quantoz Payments have announced the launch of the first tokenised money market fund on Algorand.

Marketing 92

Marketing Payments 92

American Banker

JUNE 25, 2024

Investors are keeping a close eye on recent banking news, including Mastercard's latest plan for crypto, Comerica's proposed settlement of a class action, employment gains and skeptical shareholders.

Fraud 87

Fraud Payments 87

Advertisement

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

How To

Jack Henry

JUNE 24, 2024

Growing and replacing deposits is a top priority for U.S. banks and credit unions: 72% of bank CEOs and 44% of credit union CEOs say growing deposits is paramount.

Tools 74

Tools Digital Banking 74

Payments Dive

JUNE 26, 2024

The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

America 428

America Innovation Payments 428

BankInovation

JUNE 28, 2024

Fintech funding has hit a four-year low, but venture capitalists believe that it will slowly return to a pre-pandemic normal, Carey Ransom, managing director of venture capital firm BankTech Ventures, told Bank Automation News. “Things got very frothy in 2021 and 2022 due to the liquidity in the market,” Ransom said.

Fintech 62

Fintech Capital Management Marketing 62

American Banker

JUNE 26, 2024

Banks and financial institutions face a barrage of lawsuits from consumers alleging they failed to investigate inaccurate information on a credit report. Industry blames the uptick in litigation on social media sites and the proliferation of credit repair companies.

social media 83

social media Report Industry Company 83

Advertisement

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

Report