Abrigo

JULY 10, 2023

Stay up-to-date on AI fraud trends to protect your clientele Emerging AI fraud schemes reveal holes in financial institution's defenses. Here are several suggestions for tightening security. Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud.

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Fraud How To social media Security 150

American Banker

JULY 10, 2023

We surveyed 164 professionals at banks and credit unions to find out their tech agenda for this year, including investment plans, tech priorities and thoughts on transformational tools. Here's what we found out.

Industry 69

Industry Survey Tools 69

Payments Dive

JULY 10, 2023

The Federal Reserve in July is launching the FedNow Service, an instant-payment service that will help banks and other financial institutions better serve consumers and businesses.

Payments 370

Payments 370

The Financial Brand

JULY 10, 2023

This article Are Your Customers Cheating on You? appeared first on The Financial Brand. Most consumers make cafeteria-style banking choices these days, establishing relationships with multiple traditional and digital providers. But now fintechs are turning these flirtations into primary checking account relationships at a rapid pace. This article Are Your Customers Cheating on You?

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Branding Fintech Customer Experience 31

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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.

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South State Correspondent

JULY 10, 2023

With an inverted yield curve, borrowers have a pricing advantage to lock in long-term fixed-rate loans, while lenders strongly desire to limit loan duration. One possible solution to this dichotomy is for banks to offer interest rate swaps to hedge individual loans. This article will review domestic banks’ adoption of interest rate swaps. Next week’s article will consider the challenges and possible solutions for community banks to adopt loan hedging programs.

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Community Bank Community Tools Management 195

American Banker

JULY 9, 2023

Twenty lenders from across the country are participating in Underwriting for Racial Justice, a collaborative effort to develop new criteria that will enable marginalized borrowers to gain access to credit.

Lending 41

Lending 41

BankInovation

JULY 10, 2023

Citigroup launched a digital platform for its commercial banking clients today as it continues to build out its digital offerings. The $2.

Digital Banking 72

Digital Banking Comparison Data Online 72

Payments Dive

JULY 12, 2023

The restaurant payments software company’s rivals needled Toast over the addition of a fee to be paid by consumers.

Software 370

Software Payments Company 370

South State Correspondent

JULY 12, 2023

Next week, FedNow goes live, ushering in the next era of faster payments. Some 57 financial institutions will start with FedNow, including about 42 banks (plus a handful of core systems providers and fintechs). FedNow joins The Clearing House, which has offered real-time payments (RTP ® ) for the last five years. Banks are about to win back payment flow from non-banks, and in this article, we break down how this will happen and what it means for your bank.

Payments 370

Payments Management Fraud Data 370

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.

Analysis

Accenture

JULY 12, 2023

Well over a decade ago, I was fortunate enough to land a banking leadership role in commercial and corporate banking operations. I immediately noticed two things that have stuck with me ever since. First, the people in operations are some of the best and most well-intentioned, albeit often overlooked, employees in the firm. When we… The post Commercial banks can benefit by transforming ops talent appeared first on Accenture Banking Blog.

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Leadership Operations Banking Trends Trends 367

Perficient

JULY 11, 2023

Every company needs documents for its processes, information, contracts, proposals, quotes, reports, non-disclosure agreements, service agreements, and for various other purposes. Document creation and management is a crucial part of their operations. To make it easy, Omnistudio provides document generation capabilities, tailored to meet the unique requirements of different Industries.

Industry 346

Industry Data Management Meeting 346

Payments Dive

JULY 14, 2023

Cleveland Fed President Loretta Mester in a speech this week spelled out tools the new instant payments system will have for thwarting fraud.

Tools 370

Tools Fraud Cleveland System 370

Abrigo

JULY 14, 2023

Practical advice for using data to develop and support institution goals Answering three questions ahead of strategic development discussions can ensure data drives your financial institution's efforts. Would you like other articles like this in your inbox? Takeaway 1 Exactly what information is needed to evaluate the viability of identified short- and long-term goals?

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Strategy Data Analytics Analysis 195

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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.

Lending

Accenture

JULY 13, 2023

Generative AI: what’s in it for me? Everyone, including auto and equipment finance providers, wants to know. The way I see it, it’s a technology that will have far-reaching impacts on the lending and leasing business, bringing efficiencies and better experiences for those organizations that incorporate it across the value chain. A few weeks ago,… The post Unleashing the power of Gen AI in Specialty Finance appeared first on Accenture Banking Blog.

Lending 366

Lending Technology 366

Perficient

JULY 12, 2023

Introduction It’s not you. It’s the guidance. Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The same organization will typically have a national bank charter, and the OCC is the primary federal banking regulator for that part of the organization.

Management 221

Management Risk Management Regulation Compliance 221

Payments Dive

JULY 10, 2023

The purchase gives Merchant Lynx Services a payment acceptance presence in the highway construction and large equipment sector, a Merchant Lynx executive said.

National 221

National Groups Cards Payments 221

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Would you like other articles like this in your inbox? Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3 billion in fraud losses in 2022.

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Fraud cryptocurrency Training social media 195

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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.

Operations

TheGuardian

JULY 9, 2023

Exclusive: MPs found to hold ‘in effect secret’ stock in listed firms from banks to housebuilders Wife of Tory MP who criticised windfall tax on oil firms has £50,000 in BP shares Attorney general and close family hold £130,000 in shares in six FTSE 100 firms Which UK MPs own shares in publicly listed companies? More than 50 MPs have owned stakes in publicly listed companies that raise questions about possible conflicts of interest and that until now have been in effect secret, the Guardian can

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Taxes Company National Industry 145

Perficient

JULY 10, 2023

The trust placed in financial services organizations by clients, investors, and stakeholders is not only a reflection of reliability but also a significant driver of business success. But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk.

social media 170

social media Risk Management Analysis Industry 170

Payments Dive

JULY 14, 2023

The new program allows customers to earn cash back in their digital wallets from the chain store on eligible purchases.

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BankUnderground

JULY 10, 2023

Marcus Buckmann, Galina Potjagailo and Philip Schnattinger Understanding the origins of currently high inflation is a challenge, since the effects from a range of large shocks are layered on top of each other. The rise of UK service price inflation to up to 6.9% in April might potentially reflect external shocks propagating to a wider range of prices and into domestic price pressures.

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Policies Exercises Data Examples 139

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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.

Analysis

TheGuardian

JULY 9, 2023

Exclusive: Victoria Prentis’s shareholdings not disclosed in registers despite potential for conflicts of interest Revealed: shares held ‘in secret’ by scores of MPs raise questions about vested interests Which UK MPs own shares in publicly listed companies? The attorney general, Victoria Prentis, and her close family members have shares in six FTSE 100 companies worth more than £130,000 that have never been publicly disclosed, the Guardian can reveal.

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Company Industry Groups Marketing 128

BankInovation

JULY 14, 2023

Overall expenses for JPMorgan Chase increased in the second quarter as the bank focused on hiring, tech investment and its integration road map for First Republic Bank. The $3.7 trillion bank acquired First Republic Bank on May 1 after regulators stepped in to facilitate the sale of the spiraling bank.

Regulation 97

Regulation Retail 97

Payments Dive

JULY 14, 2023

Trust and transparency of fees were other key factors for consumers and businesses choosing a cross-border payment provider, a Swift survey revealed.

Survey 195

Survey Security Payments 195

BankUnderground

JULY 13, 2023

Nikoleta Anesti, Marco Garofalo, Simon Lloyd, Edward Manuel and Julian Reynolds Understanding and quantifying risks to the economic outlook is essential for effective monetary policymaking. In this post, we describe an ‘Inflation-at-Risk’ model, which helps us assess the uncertainty and balance of risks around the outlook for UK inflation, and understand how this uncertainty relates to underlying economic conditions.

Policies 86

Policies US Tools Analysis 86

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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