Sat.Sep 10, 2022 - Fri.Sep 16, 2022

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4 experts deliver banking inspiration at Bank Customer Experience Summit

ATM Marketplace

Four experts shared thought provoking talks on various topics in the banking world at the Bank Customer Experience Summit held in Chicago from Aug. 31 to Sept 1.

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Pursuing Progress, Not Perfection, for Your Financial Brand

Digital Growth Institute

“There’s no such thing as a perfect strategy. I think putting people first is extremely important, especially when you talk about digital transformation.” -Cathy Graham.

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Study: Construction loan monitoring decreases loan defaults

Abrigo

Monitoring construction loans improves outcomes, study finds. Researchers find construction loans with more on-site inspections are less likely to default, suggesting that loan monitoring adds value to lenders. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 "Bank Monitoring with On-Site Inspections" will be presented later this month and claims to be the first empirical study of bank monitoring within non-syndicated loans. .

Study 195
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De-Politicizing the Overdraft Discussion

Gonzobanker

As financial institutions look to evolve overdraft services, they should look at data to enhance customer service and manage risk. While there has been an abundance of political statements about excessive overdraft fees in banking, there has been a shortage of rational discussion to “unpack” this service with data regarding cost, value, and risk. Banks have the opportunity to evolve this product in a manner that truly services customer needs and avoids unintended consequences in consumers’ finan

Analysis 106
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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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The Millennial Dilemma – To Buy Or Not To Buy A Home?

BankBazaar

W hile owning a home is a dream come true for most millennial s , if you don’t do the math right, you’ll end up despising what was meant to be a profitable investment. Advantages Of Owning A Home Compared To Renting . With sky-rocketing property prices and a gradual rise in Home Loan interest rates, many tend to opt for renting rather than buying.

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Federal Reserve Issues Supervisory Letter on Crypto Activities for Banks

Perficient

Similar to what the OCC issued in December 2021 , in August 2022, the Federal Reserve Board (FRB) issued a Supervisory Letter outlining the steps FRB member banks should take prior to engaging in crypto-asset-related activities, such as assessing whether such activities are legally permissible and determining whether any regulatory filings are required.

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Treasury Yields Continue to Creep Higher

South State Correspondent

Treasury Yields Continue to Creep Higher. Another round of global risk asset selling has our markets ready to open lower and Treasuries are going along for the ride. S&P 500 equity futures are indicated lower by 51 points to 3868. The index bottomed at 3685 in June, so still a distance away but a retest of that low seems to be in the cards as the FOMC meeting looms.

Michigan 195
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Risk-based transaction monitoring

Abrigo

How to balance AML priorities Transaction monitoring is a critical component of a strong BSA program and a risk-based approach will allow for the best use of valuable resources. . You might also like this risk assessment checklist for BSA/AML professionals. DOWNLOAD . Takeaway 1 Though BSA/AML professionals juggle multiple priorities, s uspicious a ctivity m onitoring is the cornerstone of a strong reporting system. .

Software 195
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CFPB mulls rules for BNPL

Payments Dive

The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

Industry 396
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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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2022 ATM and Self-service Software Trends and Analysis

ATM Marketplace

For the 15th consecutive year, ATM Marketplace and KAL ATM Software have partnered to publish the ATM industry's most influential and insightful annual guide, "ATM and Self-service Software Trends and Analysis.

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The Cost of a Commercial Real Estate Loan

South State Correspondent

Most financial institutions never see the actual cost of originating their products. To do so would require at least a rudimentary funds transfer pricing methodology, and many banks have not invested the time to derive a workable framework. Understanding a product’s cost structure is the first step towards accurate pricing and, more importantly, process improvement.

Analytics 195
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Central Bank of Egypt selects Acumen.plus, the Treasury Platform for compliance and automation

Bobsguide

Profile Software , a leading financial solutions provider, has announced today that the Central Bank of Egypt (CBE) has selected Acumen.plus, the internationally implemented Treasury Management System, to effectively manage and streamline their operations whilst experiencing compliance and powerful reporting for reserve and debt management. The platform will be implemented at the Cairo Head office.

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Biden advances digital asset regulation

Payments Dive

The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.

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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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Liz Truss faces backlash over plan to lift cap on bankers’ bonuses – UK politics live

TheGuardian

Latest updates: Kwasi Kwarteng’s plan to lift cap criticised as ‘very bad timing’ during cost of living crisis In its response to the legal proceedings launched by the EU over the Northern Ireland protocol (see 11.54am) , the UK government has said that it has unilaterally decided to continue suspending border checks on farm produce and other goods entering NI from Great Britain, my colleague Lisa O’Carroll reports.

National 101
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The Growing Concern With Your Cost of Funds

South State Correspondent

The banking industry’s cost of funds (COF) is highly correlated to short-term interest rates. However, as of Q2/22, the average community bank’s COF has risen only a few basis points. Community banks should be concerned about their COF because looking at current deposit conditions is like driving a car while looking at the rearview mirror.

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Broadridge and Euronext Collaborate to Transform the Proxy Voting Lifecycle in Denmark

Bobsguide

In response to the growing drive for higher corporate governance standards – both globally and at a national market level – Broadridge Financial Solutions announced it has commenced live operations of its new “golden copy” event notification and direct vote execution service for the Danish market. The service, delivered in collaboration with Danish central securities depositary Euronext Securities Copenhagen, enables global and domestic banks, custodians, wealth managers and lo

Meeting 88
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Zelle counters scam talk with growth rates

Payments Dive

The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

Tools 397
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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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US Bank eyes growth with multilingual AI offerings

BankInovation

NEW YORK CITY — U.S. Bank is exploring additional language options for its voice-enabled Smart Assistant over the next three to five years. “Something we’re just getting into is multilingual,” Sierra Fontana, user experience designer of the Smart Assistant at U.S. Bank, said during the panel discussion “AI in Action: How Smart Players are Harnessing […].

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August CPI Headlines the Week

South State Correspondent

August CPI Headlines the Week. Treasuries are somewhat surprisingly finding an early bid this morning while awaiting the August inflation numbers tomorrow. That will be the key event of the week and provide the final piece of data for the Fed before hiking rates next week. The debate around 50bps or 75bps continues, although the latter seems to be the preferred choice given recent Fed speak.

Michigan 195
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Cetera Financial Group is First to Launch Broadridge Next-Gen Client Communications Experience

Bobsguide

Driven by investor research and innovative design, Wealth InFocus is transforming digital and print client communications and increasing investor engagement with a simpler, intuitive and actionable experience. To better engage investors, empower advisors and accelerate digital transformation in the wealth management industry, global Fintech leader Broadridge Financial Solutions launched Wealth InFocus, a next-gen wealth communications experience designed on a foundation of investor research, wit

Groups 88
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Amex, Discover see lasting credit changes

Payments Dive

The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.

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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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Why Kwarteng’s focus on bankers’ bonuses is a strange fight to pick

TheGuardian

Some of the chancellor’s other proposals may represent a step back to the light-touch era that led to 2008-09 crash Kwasi Kwarteng’s proposal to remove the cap on bankers’ bonuses is an odd political fight to pick. Inflation at 9.9% is tearing chunks out of the real-terms pay packets of the vast majority of the population who never get a sniff of a bonus, even in good times.

Company 98
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Truist launches AI-enhanced Truist Assist

BankInovation

Truist Financial today launched its artificial intelligence (AI)-enhanced virtual assistant Truist Assist, which introduces a self-service element to the bank’s customer experience offerings. The virtual assistant leverages natural language processing and natural language understanding that helps answer client questions in a digital channel, Sherry Graziano, head of digital banking and contact centers at Truist, told […].

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BANKING CIRCLE TO PUT USDC STABLECOINS ONTO ITS PAYMENT RAILS

Bobsguide

Addition of USDC stablecoins for conversion from fiat currencies critical for Banks and Payment providers as web3 market evolves. London, 8th July 2022 – Banking Circle , the tech-first Payments Bank, is shifting the dial in the virtual assets market with a ground-breaking new service for Banks and Payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is delivering an easy to implement solution that cuts out the nee

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JPMorgan buys payments firm Renovite

Payments Dive

The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

Payments 300
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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