Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. Matt Gallman, Drummond Community Bank. By Elizabeth Judd.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Abrigo

JULY 10, 2023

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. Here are several suggestions for tightening security.

Fraud 150

Fraud How To social media Security 150

PYMNTS

OCTOBER 19, 2020

Mastercard's actions are in keeping with the needs of the time, as 57 percent of small business players are looking to digital practices to boost B2B payments in the wake of the global pandemic. Under the new service, businesses can send transfers to any bank in China and access real-time exchange rates.

Cards 188

Cards Payments cryptocurrency blockchain 188

Gonzobanker

APRIL 11, 2023

Ticking these best practice boxes will help keep the monsters at bay on conversion day. In the fallout of Silicon Valley Bank’s collapse, customers are on edge. So here are three best practice boxes to tick to help ensure your digital banking system conversion doesn’t turn into a nightmare.

Digital Banking 148

Digital Banking social media System Customer Experience 148

PYMNTS

NOVEMBER 16, 2020

Fraud targeting digital banking users has been around as long as digital banking itself, but it has recently become more prevalent. First-time users are often unused to security best practices surrounding such apps and are thus more vulnerable to fraud. “It Fighting Fraud Through Technology and Education.

Fraud 182

Fraud Security Strategy Digital Banking 182

Gonzobanker

MAY 4, 2022

Think digital currencies, embedded finance, BaaS, buy now pay later, gen 3 core systems, artificial intelligence and machine learning… How many of these would have been on any FI’s training curriculum even two years ago? combined with strong knowledge of the peculiarities of the markets, products, and systems at the bank.

Training 157

Training Survey System Data 157

Cisco

JANUARY 10, 2023

As a change agent serving the financial services industry for over 20 years, it is a great privilege to collaborate with Bank, Insurance, and Wealth Management institutions to devise and execute digital transformation strategy, solve complex business problems, and leverage technology to strengthen business results.

Digital Strategies 174

Digital Strategies Strategy America Innovation 174

Abrigo

OCTOBER 20, 2021

How to Get Buy-in When Implementing New Technology Achieving 100% adoption is attainable if financial institutions are willing to put the best change management practices in place. It doesn’t matter how much money a bank or credit union is willing to spend on new technology if employees are unwilling – or unable – to use it.

Training 195

Training Lending System Software 195

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . Takeaway 1 Many banks and credit unions want to win more business loans but will face higher rates and more competitors. Lenders Easing Terms.

Lending 195

Lending St. Louis Community Survey 195

PYMNTS

JUNE 11, 2019

banking industry is an ever-evolving machine, shaped and disrupted by FinTech, regulation and shifting customer expectations. That disruption isn’t over, either, according to Axos Bank CEO Gregory Garrabrants, who spoke with PYMNTS about how a fluctuating industry will continue to affect SMBs in the area of lending, payments and beyond.

Lending 150

Lending Fintech Regulation Tools 150

PYMNTS

OCTOBER 7, 2020

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. The continued acceleration of digital and mobile payments affects both domestic and international payments.”. Expectations are changing, too.

Payments 229

Payments System Operations Training 229

CFPB Monitor

MAY 18, 2022

In the coming weeks, we will explore the proposal in more detail, including how the proposal differs from the OCC’s rescinded rule, how assessment areas are delineated, the Community Development Test, and the impact of the rule on small, intermediate, and large banks. Highlights of the proposal include the following: Assessment areas.

FDIC 78

FDIC Regulation Community Lending 78

Gonzobanker

OCTOBER 13, 2020

Smaller banks and credit unions can bring unique value to the mobile ‘arms race.’ This fast pace has banks and credit unions contemplating how they can compete in this mobile “arms race” and what unique value smaller institutions can bring to the table. . Make Digital Benchmarks and KPIs Visible.

Strategy 158

Strategy Digital Banking Digital Strategies Mobile 158

PYMNTS

FEBRUARY 7, 2019

Ruchir Rodrigues, the head of digital and open banking at Barclays , said that Bink, which was founded in 2015, “created a practical and innovative solution to an everyday problem,” and that Barclays is excited to help Bink grow. Mike Jordan, the CEO of Bink , said he’s excited to be partnered with Barclays. “We

United States 180

United States Mobile Innovation Cards 180

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . In a recent Abrigo webinar, four experts weighed in to pinpoint the following areas for focus and improvement in 2023. Digitize processes. Cultivate talent.

Risk Management 195

Risk Management Management Policies Lending 195

Gonzobanker

DECEMBER 1, 2022

Moving from a traditional CAPEX model to an “as-a-service” OPEX model could be the key to transforming banks’ ATM/ITM channel. Banks whose fleets resemble more of the latter are probably past due for an upgrade. The as-a-service model gives banks just one vendor to manage and one invoice for the entire channel.

ATM 158

ATM Resources Management Capital 158

PYMNTS

JANUARY 28, 2021

Adventuring to different markets worldwide, PYMNTS continues to document how the digital shift that caught fire in 2020 continues shaping spend trends and consumer sentiments. The January 2021 Global Digital Shopping Index: United Kingdom Edition is based on a survey of more than 2,000 consumers and 560 merchants in the U.K.

Meeting 176

Meeting Study United States Online 176

PYMNTS

NOVEMBER 23, 2020

Indeed, service providers in areas like dental and elective surgery were forced to close, creating a massive cash flow problem for healthcare providers. Introducing a virtual card solution was the result of conversations with TPAs that sought a more efficient, digital means of paying healthcare providers.

Cards 193

Cards Company Payments Industry 193

Independent Banker

NOVEMBER 30, 2021

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

Gonzobanker

APRIL 8, 2020

Financial institutions must help digital-first buyers with meaningful content. As the old “why our stuff is best” sales-pitch falls on deaf ears for digital-first buyers, bank and credit union leaders have slammed into overdrive in their efforts to respond to the industry’s non-negotiable demand for entirely digital delivery.

Leadership 174

Leadership Analytics System Digital Banking 174

PYMNTS

AUGUST 24, 2019

Digital banking alternative Revolut is partnering with executives from Deutsche Bank , ClearBank and N26, Financial Times reported on Friday (Aug. The banking startup was previously focused only on travel money and now is striving to become a more “global bank.”. The bank has amassed 4.7

Operations 135

Operations Digital Banking Capital Security 135

PYMNTS

MARCH 17, 2020

While user experience is key, these tools must also be agile enough to rise to small- to medium-sized businesses’ (SMBs’) digital-native foundations. “They have a hard time using online banking. That lack of technological and business expertise can have profound impacts on the way they manage their company finances.

Millennials 168

Millennials User Experience Alabama Tools 168

Accenture

JULY 23, 2019

Faced with advancing digitisation, rising cost pressures and increasing customer expectations, many banks serving small- and medium-sized enterprises (SMEs) are looking to transform to a new relationship management model: one that blends the efficiency and convenience of digital offerings with the “human touch” that many SME customers still crave.

Management 150

Management Technology Operations Meeting 150

PYMNTS

MAY 6, 2019

Our team has torn apart the small business banking playbook and created our own digital banking platform and operating model from the ground up.”. The company offers application programming interface (API)-powered banking that was created to automate back-office financial work.

Innovation 192

Innovation Fintech San Francisco New York 192

Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 45

Trends Fraud Digital Banking Strategy 45

PYMNTS

OCTOBER 14, 2020

And while she’s worried about those small firms, Crosswell is encouraged by the interest that’s still there — particularly in the arena of digitally transforming large financial institutions (FIs). She said that traditional banks weren't providing what consumers wanted, and that “new entrepreneurs really saw the opportunity.”.

Fintech 258

Fintech Industry Innovation Charlotte 258

PYMNTS

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Read what he had to say below.

Customer Experience 191

Customer Experience Survey Trends Data 191

PYMNTS

MAY 15, 2019

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced on Wednesday (May 15) that they have inked a deal to collaborate to promote financial innovation. According to HKMA and BOT, one potential area of collaboration is a joint research project on central bank-issued digital currency.

Fintech 128

Fintech Innovation Regulation US 128

PYMNTS

DECEMBER 3, 2019

What’s happened in those areas, and what’s to come, was the subject of a recent PYMNTS podcast that featured Karen Webster and Neil Randel, CEO at First American Payment Systems. That’s not the only challenge in this area of payments. We want to make sure they [follow] best practices and don’t get hacked themselves,” he told PYMNTS.

Payments 139

Payments System Trends Operations 139

Abrigo

FEBRUARY 25, 2022

Takeaway 2 Enhance policies, procedures, and processes for areas that will gain regulatory scrutiny? . Banks, credit unions, and non-bank financial institutions ( NBFIs ) should w atch for t hese eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

MAY 23, 2017

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices.

Groups 100

Groups Analysis Compliance Payments 100

PYMNTS

MARCH 1, 2018

The partnership, which is expected to be finalized at the end of the first quarter, will speed up the creation and rollout of standardized banking APIs. IFX Forum, an international not-for-profit industry association, is founded on the belief that open, standard APIs will allow companies to succeed in a digital world.

Leadership 161

Leadership Resources Training Industry 161

PYMNTS

DECEMBER 18, 2020

If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) or enterprises ( B2B ). But understanding just what the concept is in practice requires a bit of exploration and explanation. It's not about cloud.

Payments 169

Payments System United States Examples 169

Insights on Business

NOVEMBER 29, 2018

Now, more than ever, banks must be smarter and faster. Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. More than six in 10 also identified emerging competition from new, unexpected areas.

Operations 138

Operations Innovation Management Risk Management 138

PYMNTS

JUNE 4, 2019

Lead, follow or get out of the way — that seems to apply to the rise of Open Banking, which promises more financial services innovation, along with greater financial transparency and flexibility. On Tuesday (June 4), the payment card network launched its latest initiative centered around the changes, a program called Open Banking Solutions.

Course 203

Course Innovation Data Industry 203

Alex Jimenez

NOVEMBER 4, 2023

At the center: The center stage that largely characterized the last two years was gone, replaced instead by dedicated areas for meetings. Previously, the meeting areas were relegated to the sides of the show floor. From a literal and practical standpoint, networking seemed central and integral to the show.

Conference 84

Conference Meeting Trends Fintech 84

Abrigo

DECEMBER 17, 2021

Financial institutions experience d significant changes in 2021 because of the continued pandemic , increased remote work trend, and growing digital usage. Adequate staffing is crucial for areas with high regulatory scrutiny , such as the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and fraud functions.

Compliance 195

Compliance Training Fraud Resources 195