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 30

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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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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.

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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.

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Software Payments Company 370

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 370

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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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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

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

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.

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Lending Technology 370

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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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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

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.

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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.

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National Groups Cards Payments 221

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

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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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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

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 12, 2023

That’s the fourth state in which the social media company has received a license, inching it closer to creating the payments tool and super-app envisioned by owner Elon Musk.

Arizona 195

Arizona social media Tools Payments 195

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.

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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 123

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.

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Regulation Retail 97

Payments Dive

JULY 14, 2023

The tech giant, now valued at $3 trillion, is continuing to expand its financial offerings after debuting a buy now, pay later feature and a savings account earlier this year.

Apple 195

Apple Payments 195

Jack Henry

JULY 13, 2023

Summer is my absolute favorite time of the year. Growing up in south Florida, I spent many weekends fishing on my grandad’s boat, the Jack Pot. We’d go miles out into the Gulf of Mexico, searching for grouper. I learned quickly that fishing isn’t as easy as it looks – which is why it’s referred to as “fishing” and not “catching.” It requires a lot of patience, and like most things in life, you get better at it with practice and time.

Florida 78

Florida Lending Strategy Management 78

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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

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