Alex Jimenez
DECEMBER 17, 2024
2024 proved to be a year where banking and fintech continued to mesh into a single industry. Throughout the year, I wrote several articles that examined several facets of what is going on in the industry. From the shift to engagement banking to the power of AI and digitalization, this years journey has been about understanding and shaping the future of financial services.
American Banker
JANUARY 3, 2024
A resilient economy and the potential for interest rate cuts could infuse further bullish sentiment into markets and bolster the shares of small lenders.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abrigo
NOVEMBER 14, 2024
Be proactive with your AML/CFT program to prevent BSA enforcement actions As regulatory scrutiny intensifies, financial institutions face more frequent Bank Secrecy Act (BSA) enforcement actions from supervisory agencies. These actions can result in costly civil penalties and reputational damage, so banks and credit unions should take proactive steps to ensure their BSA compliance programs are robust and effective.
Perficient
OCTOBER 15, 2024
Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives. It’s not exactly the most glamorous part of financial services, but without solid data governance, banks would be floating in a sea of disorganized, chaotic
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Abrigo
OCTOBER 21, 2024
How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle. In this guest column, Jason Alpert, Managing Partner of Castlebar Holdings , explains how financial institutions should respond.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture: Banking
MAY 2, 2024
Spring is a time when most people, bankers included, take a fresh look at the challenges they face and tackle them with renewed vigor. Commercial banking should be on this year’s spring-cleaning list. While it is often the bank’s largest revenue generator, its processes continue to be highly manual, constraining the potential for profit growth.… The post The time for generative AI in commercial banking is now appeared first on Accenture Banking Blog.
Gonzobanker
OCTOBER 17, 2024
GenAI tools can do amazing things. Doling out financial advice and guidance isn’t one of them. A survey from the Motley Fool revealed some surprising—and, frankly, hard to believe—statistics about Americans’ use of the generative AI tool ChatGPT for financial advice. The study found that: 54% of Americans have used ChatGPT for finance recommendations.
The Financial Brand
NOVEMBER 17, 2024
This article Fitch Ratings: Bank Ratings Show Stability as Industry Navigates Regulatory Changes appeared first on The Financial Brand. After a turbulent 2023, bank ratings have stabilized with 80% showing stable outlooks, as institutions focus on interest rate management and prepare for potential regulatory changes. This article Fitch Ratings: Bank Ratings Show Stability as Industry Navigates Regulatory Changes appeared first on The Financial Brand.
BankBazaar
DECEMBER 2, 2024
Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax Department. While these regulations are designed to uphold the integrity of the financial system and prevent illicit activities, they are not intended to discourage legitimate transactions. Understanding which transactions might draw scrutiny can help taxpayers avoid unnecessary notices or penalties.
Advertiser: ZoomInfo
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
BankUnderground
OCTOBER 17, 2024
James Waddell and Meghna Shrestha An increasing number of households in the UK are opting for longer-term mortgages, with the share of borrowers taking out new mortgages with terms 30 years or longer tripling since 2005. But who are these households, why have they done so, and what could this imply for financial stability? This blog presents some analysis to answer these questions, and focuses on three potential risk channels which could affect financial stability.
ABA Community Banking
OCTOBER 28, 2024
As young people increasingly turn to unregulated, nonbank technology providers for their banking needs, innovation in the banking industry is not just an option — it is an imperative, outgoing ABA Chair Julieann Thurlow said. The post ABA’s Thurlow: Bank innovation needed to reach younger customers appeared first on ABA Banking Journal.
Payments Dive
NOVEMBER 19, 2024
Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.
Accenture: Banking
NOVEMBER 15, 2024
The financial services sector, like many industries, is undergoing a transformation to drive new revenue streams and profitability. This shift is fueled by evolved and new business models based on advanced technologies and aimed at meeting client expectations. Similar to other industries, financial services organizations are focused on streamlining cost-to-serve mechanisms and enhancing productivity.
Advertisement
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Abrigo
OCTOBER 30, 2024
Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. Key topics covered in this post: The challenges of enhancing AML program productivity 8 Ways for financial institutions to increase the efficiency of case investigators Operational improvements & technology can increase throughput Compliance
Abrigo
NOVEMBER 13, 2024
This article covers these key topics: Debt-service coverage ratios are steady. Leveraged has improved since 2019. Businesses' working capital cycles are longer. Interest coverage ratios have stayed strong. How lenders can leverage this data. Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience.
Abrigo
DECEMBER 20, 2024
This article covers these key topics: How interest rates are shaping 2025 priorities Rate effects on economy, credit risk, allowances Banks and credit unions look to grow deposits A focus on efficiency and lower expenses Top priorities for managing portfolio risk, assets, and liabilities at banks & credit unio ns Abrigo's Advisory Services team and financial institution clients shared their expectations of key focus areas related to credit portfolio risk, ALM, and other topics.
Abrigo
NOVEMBER 22, 2024
Evaluating the FRAML approach For years, financial institutions have debated the merits of combining fraud and anti-money laundering (AML) functions into a single department in what's known as a FRAML approach. The idea is simple: bring fraud and AML into one program to boost effectiveness, save costs, and streamline financial crime detection. With fraud rates surging and FinCEN designating fraud as a National Priority , combining these functions under the same umbrella could be a game-changer.
Advertisement
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.
Abrigo
NOVEMBER 18, 2024
Prepare for regulator scrutiny on interest rate risk & liquidity Banks and credit unions that aren't paying attention to these critical issues can expect a tough review. Key topics covered in this post: Regulatory focus Key questons for ALCOs Governance and concentration risks Expect the unexpected Regulators 'could not be more clear' Today’s regulatory climate is turning up the heat on financial institutions when it comes to liquidity and interest rate risk management.
Perficient
OCTOBER 28, 2024
Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.
Perficient
OCTOBER 24, 2024
Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.
Abrigo
DECEMBER 10, 2024
This article covers these key topics: What constitutes elder financial exploitation and why it may be increasing Financial institutions should be familiar with these red flags of elder abuse Enhancing AML programs to account for elder financial exploitation will help Following FinCEN guidance, utilizing fraud detection software, and reporting are crucial Combat elder financial exploitation with tips from FinCEN Demographic considerations and the vulnerabilities of old age put financial instituti
Advertisement
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.
Abrigo
OCTOBER 22, 2024
Say "thank you" this National FinCrime Fighter Day BSA professionals and financial crime fighters are tasked with the challenge of protecting our financial system daily. October 26 is National Financial Crime Fighter Day , and it’s the perfect time to pause and applaud everything these professionals do. Since we founded the day of recognition in 2018, it’s become an opportunity for the nation to show gratitude for FinCrime fighters’ work in the financial industry.
South State Correspondent
OCTOBER 16, 2024
While there are many overlooked products in banking, the debit card is perhaps the greatest. The product generates significant fees and helps drive deposit balances, yet debit cards rarely get a mention in strategy, marketing, or customer profitability circles. The debit card is one of the greatest workhorses of banking and, unfortunately, is forgotten about due to its sexier older brother—the credit card.
Accenture: Banking
OCTOBER 25, 2024
The payments industry is evolving rapidly, driven by changing consumer and commercial needs. Payments executives are grappling with rising costs, shrinking margins and emerging technologies like generative AI, prompting a reevaluation of their strategies. The key question is: What tech investments should be prioritized to stay competitive? Our new research, based on insights from 326… The post Challenges shaping North American banks’ payments tech investments appeared first on Accenture Ba
South State Correspondent
NOVEMBER 14, 2024
With almost 30% of our banks utilizing some portion of instant payments, the industry is starting to gather more data on how instant payments impact balances, customer acquisition, and account usage. Instant payments have the potential to change the payment landscape for banks. In this article, we look at six ways instant payments impact deposit performance and add insight into what it means for banks.
Advertisement
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
Expert insights. Personalized for you.
52 
Let's personalize your content