Wed.Jun 09, 2021

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Beyond Open Banking Compliance: The Opportunity for Commercial Banks

Accenture

Following our article on 5 actions to enable Open Banking for business finance, we now consider how commercial banks can innovate their entire business model by using Open Banking frameworks to build a powerful ecosystem. Open Banking, accelerated by the Consumer Data Right (CDR) in Australia, aims to give customers control of their data and….

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What Does An Automated Data Lineage Solution in Financial Services Look Like? (Part 2 of 4)

Perficient

In my last blog post, I introduced data lineage. Today, I’ll share what an automated data lineage solution can look like when it’s implemented. In order to reap the benefits obtained from integrating data lineage into the fabric of an overarching data governance program, each of the respective governance tools must be implemented, configured, and populated in its own right.

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Why banks should see CFOs as heroes

Accenture

When people think of bank CFOs, they might be thinking of left-brained numbers gurus who are laser-focused on core finance activities. But today’s CFOs, in banks and across industries, are doing so much more. Many CFOs are increasingly becoming architects of business value. As strategic partners to the business, they aren’t just managing financial operations—they’re….

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The Real Effects of Zombie Lending in Europe

BankUnderground

Belinda Tracey. ‘Zombie lending’ occurs when a lender supports an otherwise insolvent borrower through forbearance measures such as repayment holidays and temporary interest-only loans. The phrase was first coined for Japan in the late 1990s , but more recently several authors have documented that zombie lending to European firms has been widespread following the sovereign debt crisis (see Acharya et al (2019) , Adalet McGowan et al (2018) , Banerjee and Hofmann (2020) , Blattner et

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Banks Look to Digitize Customer Onboarding

Banking Exchange

Bringing in new customers is increasingly happening online rather than in person Technology Retail Banking Financial Trends Lines of Business Payments Tech Management Branch Technology/ATMs Mobile Online Cards Feature3 Feature.

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How a Digital Dollar Could ‘Reshape the Banking System

Banking Exchange

ABA warns of wide-ranging impacts of central bank digital currencies Risk Management Technology Feature3 Fintech Feature Financial Trends Blockchain Bitcoin Cryptocurrency.

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Biden will need more than $52B to counter China in chips

BankInovation

President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China. The White House on Tuesday outlined a sweeping plan […].

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US Banks June Appointments: Texas Capital, River Valley, Synovus

Banking Exchange

The latest C-suite appointments at US banks Management Feature Human Resources Feature3 People Community Banking.

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Citizens Chief Data Officer Vinay Jha joins live panel on automation and risk management

BankInovation

Vinay Jha, chief data officer and executive vice president at Citizens Bank, will join a live Bank Automation News webinar for a panel discussion on automation and risk mitigation on Tuesday, June 14, at 11:30 a.m. ET. “Developing a sound strategy: The future of automation technology for risk mitigation and security,” is the first installment […].

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Vitra & Cisco – Space Meets Technology

Cisco

The future of work is associated with a certain degree of uncertainty, which causes uncertainty for many, as many processes and thus also their own work have to be adapted. Thanks to new technologies, “working from anywhere, anytime” is possible today. Instead of just reacting to these changes, it is important to use this development and actively help shape it.

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Payments processor Marqeta climbs after $1.23 billion IPO

BankInovation

Marqeta Inc., an online card and payment processing company, rose as much as 21% in its trading debut after raising $1.23 billion in an initial public offering priced above a marketed range. Shares of the Oakland, California-based company were up 11.4% to $30.09 at 3:41 p.m. Wednesday in New York trading, giving it a market […].

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UK banking vacancies surge in May

The Banker

IT and compliance roles are in demand, as banks digitalise operations and grapple with the post-Brexit regulatory landscape.

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Euronet's REN Self-Service XFS Solution

ATM Marketplace

An all-in-one solution for today’s modern ATM fleets looking to provide a great customer experience while streamlining operational efficiency, and taking strategic control of the introduction of new services for the self-service channel. Don't be held captive, waiting on hardware vendors to introduce features your customers demand.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Meet Rob Pyle, a Commercial Banker at Merchants Bank in Lakeville

MerhantsBanks

Rob has more than 15 years of experience in the Commercial and Business Banking field, specifically in lending and credit analysis. He’s familiar with the Twin Cities region and working with businesses of various industries and sizes. What drew you to Merchants Bank? There are many things that impressed me about Merchants: valuing community support […].

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ADIB, Visa partner to launch biometric authentication solution for ecommerce transactions in the UAE

The Paypers

Abu Dhabi Islamic Bank (ADIB) has announced a partnership with Visa to launch a biometric authentication solution for ecommerce transactions in the UAE.

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Massachusetts is latest state vying to become fintech hub

American Banker

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ChargeAfter adds Splitit to its portfolio of consumer financing offerings

The Paypers

ChargeAfter , a global network of personalised Buy Now, Pay Later (BNPL) and POS financing for merchants, has announced a partnership with Splitit , a US-based provider of card-based instalment payment solutions, to add Splitit to its existing portfolio of consumer financing offerings.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Slovenian S&L (PA) Boosts All Certificate Rates

BankDeals

Slovenian Savings and Loan (western PA) has raised the rates on most of its Certificates by 25, 35, and 50 bps. Minimum opening deposits are $500 or $1k.

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Regulators will save banks from DeFi

The Banker

Regulators are riding to the rescue of traditional banks, making it far harder for cryptocurrencies and decentralised finance, or DeFi, to dethrone them. If anything, crypto is an exciting new opportunity for the banking sector.

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Now Highlighting… Our Article Library!

Image Works Direct

Let’s go back in time a bit and say it’s March, and you’re preparing for your financial institution's summer newsletter. So, you want a timely article related to finances and vacations, but where do you turn? The Article Library at image.works, of course!

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Lawmakers aren’t ready to rubber-stamp Fed digital dollar

American Banker

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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SEON partners IDVerifact

The Paypers

SEON has announced its partnership with IDVerifact , a digital identity solution.

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What Marqeta's IPO says about the future of super apps

American Banker

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5 Growth Strategies Financial Institutions Can Use for 2021 and Beyond

The Financial Brand

Comparing Covid's impact with the Great Recession reveals ways community institutions can attain a sustainable mix of loan and deposit growth. The post 5 Growth Strategies Financial Institutions Can Use for 2021 and Beyond appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Lucy Ito's legacy: Lowering a vexing regulatory cost for credit unions

American Banker

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.