Sat.Mar 27, 2021 - Fri.Apr 02, 2021

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Thinking Outside the Box on Serving Small Businesses

Jack Henry

This post was co-authored by Pat True and Susan Griffin. It’s still too early to tell how many small businesses will survive the events of 2020 and 2021. A recent study of small firms by McKinsey and Company estimated that as many as 1.5 million of the 31 million small businesses could fail as a result of the pandemic and the ensuing economic challenges.

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Debit's on a Roll. Are Small Merchants Getting Rocked?

Payments Source

The Justice Department's probe of Visa highlights whether merchants are properly equipped to adapt to the cost of debit spending as more commerce goes digital. ]]. Compliance Debit cards DoJ Visa

Cards 138
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2021: What to Expect After a Year of Disruption

Accenture

Undoubtably, 2020 was a year of massive upheaval that put an increased spotlight on the state of digital transformation across industries around the globe.

Retail 449
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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

Background: The five federal financial regulatory agencies are gathering insight on financial institutions’ use of artificial intelligence (AI) and machine learning (ML). The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the.

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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.

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Digital financial services require accessibility, convenience and transparency

Bobsguide

Accessibility, convenience and transparency are key in the push for consumer adoption of digital payments and financial services, with both bank and non-bank financial institutions expanding their offerings, a panel of experts said at the BIS Innovation Summit on Tuesday. “First is.

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The personalities driving today’s banking consumers

Accenture

The COVID-19 pandemic has driven a rapid uptake of digital banking around the world. The incredible speed of the adoption has rewritten some of the fundamentals of the industry, including how consumers behave and what they expect from banks in 2021. Our latest Global Banking Consumer Study, drawing on input from more than 47,000 consumers…. The post The personalities driving today’s banking consumers appeared first on Accenture Banking Blog.

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Market Commentary: Week of March 29, 2021

SWBC's LenderHub

Last Week: Last week saw the resumption of the rotation trade in equities as large-cap value stocks outperformed small-cap and growth stocks. The Treasury market survived another supply deluge as the Treasury auctioned off approximately $180 billion in debt (two-year, five-year, and seven-year).

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Receivables finance to prioritise invoice fraud threat

Bobsguide

The receivables finance industry is particularly at risk from corporate fraud with many concerned about the possible disincentivising impact that increased invoice finance fraud might have on lenders at a time when businesses need their support more than ever. Fortunately, and largely owing to.

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How the cloud became the platform for payments innovation

Payments Source

Payments technology has advanced quickly in the past decade because newcomers in the industry have operated fully, or at least partially, in the cloud. ]].

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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

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Scaling the Cloud through a Well-Designed COE

Accenture

In my previous post in this ongoing series of blogs on the journey to cloud, I looked at how your organisation can start off on the right foot with cloud architecture. With the architecture defined and in place, one of the key next steps is to set up a cloud centre of excellence (COE) to…. The post Scaling the Cloud through a Well-Designed COE appeared first on Accenture Banking Blog.

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US Consumers ‘More Adventurous’ When Switching Banks

Banking Exchange

National and global banks prove popular as consumers reassess their banking partners post-pandemic, according to research Retail Banking Financial Trends Feature Lines of Business Feature3 Customers Online Community Banking PPP Covid19.

US 139
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Protect your ATMs from attacks! Solutions and survey results on how to protect your ATM portfolio from destruction and theft.

ATM Marketplace

Brutal force attacks on ATMs are on the rise, and often with explosives, with news of these attacks publicized on an almost daily basis. Along with logical attacks are malware and specialist electronics that gain control of the ATM and access to customer data and funds.

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Where Goldman, Citi, JPMorgan are putting fintech investment dollars

Payments Source

Large U.S. banks are directing their venture capital dollars to fintechs in capital markets, wealth management and "future-proofing." ]].

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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.

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Five principles for Canadian banks wanting to build human connections in a digital age

Accenture

Canadian banks appear to be facing a paradox. The COVID-19 pandemic has kicked the uptake of digital banking into hyperdrive. Fifty percent of consumers now interact with their bank through mobile apps or websites at least once a week, compared to 32 percent in 2018. While this acceleration of digital interaction can drive cost efficiency,…. The post Five principles for Canadian banks wanting to build human connections in a digital age appeared first on Accenture Banking Blog.

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First Women’s Bank and Billie Jean King

Banking Exchange

Billie Jean King Joins First Women's Bank in Effort to Close the Gender Gap when it comes to Access to Capital Community Banking Socially Responsible Investing SRI Women SMEs Feature Financial Trends Feature3.

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Rebeca Romero Rainey: Focusing on our communities

Independent Banker

Photo by Robert Severi. Unlike our credit union counterparts, we pay taxes, and those tax dollars are spent at home to ensure our communities grow. The more things change, the more they remain the same. As we kick off Community Banking Month, I can’t help but reflect on that statement and the changes of this past year. While we have been challenged far beyond our wildest dreams, community banks have stayed the course in keeping the focus on our communities.

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Visa expands real-time push payments with launch of Visa Direct Payouts

Payments Source

Visa has expanded its push payments platform to enable businesses and their customers to make real-time domestic and cross-border payments. ]].

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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

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Why is digital transformation so difficult for auto and equipment lenders?

Accenture

Digital transformation is a difficult and complex undertaking for auto and equipment finance organizations. Because they’re conducting business in an evolving, highly competitive market with ever-increasing stakeholder expectations, many lenders and lessors see a transformation journey as an overwhelming challenge—one to be put off for another day. But we believe it’s a critical initiative for….

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How to Make Your Auto Loans Stand Out from the Competition

SWBC's LenderHub

Have you ever asked yourself why people do business with your financial institution? When I ask our clients that question, the answers I get are usually: “We offer low rates on loans and higher rates for savings”. “We give exceptional service”. “We’re easy to do business with, have online and mobile banking, and offer free checking”.

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FIs battling reporting and data integrity challenges

Bobsguide

Not only have the operational challenges of remote working and market volatility stretched reporting teams to their limit since the beginning of the pandemic, financial institutions are expected to ‘do more with less’ whilst still complying with complex regulatory demands and operating.

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For the Worcester Red Sox, payments are no longer a contact sport

Payments Source

The minor league team is opening a new stadium and year round market with checkout-free concessions, part of a broader trend at sports facilities to dump paper, plastic and lines. ]].

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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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Five principles for Canadian banks wanting to build human connections in a digital age

Accenture

Canadian banks appear to be facing a paradox. The COVID-19 pandemic has kicked the uptake of digital banking into hyperdrive. Fifty percent of consumers now interact with their bank through mobile apps or websites at least once a week, compared to 32 percent in 2018. While this acceleration of digital interaction can drive cost efficiency,…. The post Five principles for Canadian banks wanting to build human connections in a digital age appeared first on Accenture Banking Blog.

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Podcast: Crafting a New Bank Amid COVID-19

ABA Community Banking

When the coronavirus pandemic began, Craft Bank was just about to begin its capital raise as a de novo community bank in Atlanta. With its roadshow about to begin, CEO Ross Mynatt and his small team threw out the playbook and began pivoting. The post Podcast: Crafting a New Bank Amid COVID-19 appeared first on ABA Banking Journal.

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Deepfakes: A serious danger to you, your staff, your business

ATM Marketplace

Jason DeJong is a senior solutions architect with Technologent with over 20 years of IT experience primarily focused on information security and risk management. DeJong shares his experience, knowledge and thoughts on the security issue of DeepFakes.

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Report: Hedge funds building tech stacks in-house as vendor bearings change course

Bobsguide

Hedge funds are increasingly looking to high-tech, quantitative methods to beat the competition, which in turn is changing how tech vendors place themselves within the financial ecosystem according to market participants. “Whilst we do use some vendor systems, a lot of what we do that give.

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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