Perficient
FEBRUARY 19, 2021
Today organizations are transforming to adapt to the new market needs and expand the business. Every organization is looking to maximize its value by utilizing the most incredible asset called data. Some organizations don’t have the scale to build everything independently, which drives the need for partnership with other organizations to maximize the market presence and offerings.
Payments Dive
FEBRUARY 19, 2021
This isn't an ending: it's a whole new beginning.
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Perficient
FEBRUARY 19, 2021
How To Increase Team Engagement. If you are reading this, you are most likely a leader that sees value in teams with a high level of engagement. Personally, I have been passionate about employee engagement throughout my entire career, but I have had varying levels of success mobilizing efforts that really move the needle. Gartner customer experience research shows the value of team engagement: Two-thirds of the drivers of customer satisfaction are due to “feel factors,” or how custo
Payments Source
FEBRUARY 19, 2021
Credit card and bank account fraud have soared during the pandemic, with fraudsters intercepting consumer data via retail and banking disruptions and worsening synthetic ID fraud.
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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
Perficient
FEBRUARY 19, 2021
In today’s hectic world, humans are increasingly drawn to simplicity. Stemming from a rising need for everyday efficiency and speed, we are in constant search for the next new technology that will make our lives easier. While this inclination toward simplicity is likely intuitive for most aspects of modern life, we often see the opposite phenomenon in design due to the pervasive belief that simple design cannot be as compelling as more complex iterations.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PopularBank
FEBRUARY 19, 2021
With Popular Investments Executive Financial Consultant Roderick Rodriguez. As we look to the year ahead, diversifying wealth management needs and client expectations continue to challenge financial consultants and advisors. Now more than ever, these professionals must drive closer client engagement, goals and experiences with dynamic products and services.
Payments Source
FEBRUARY 19, 2021
Transit and parking draw new users to mobile wallets, and Google is expanding both features to add use cases for its payment app.
BankInovation
FEBRUARY 19, 2021
This week, Bank Automation News explored the biggest risk and security threats in banking, and how some financial institutions are leveraging automated technology to strengthen risk management programs. Strategies that leverage artificial intelligence (AI) with automation present more opportunities for hyper-automation, or the act of automating the automation, BAN found.
Payments Source
FEBRUARY 19, 2021
Billionaire Elon Musk defended Tesla Inc.’s $1.5 billion Bitcoin investment on Twitter, calling the cryptocurrency a “less dumb” version of cash.
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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
ATM Marketplace
FEBRUARY 19, 2021
Money laundering is a profitable game for criminals but what can financial institutions do to combat it? ATM Marketplace interviewed Rick Mcdonell, former executive secretary, financial action task force and executive director of the Association of Certified Anti-Money Laundering Specialists to learn what steps can be taken.
American Banker
FEBRUARY 19, 2021
Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses. It is looking to charter its own FDIC-insured institution to be a direct provider.
BankBazaar
FEBRUARY 19, 2021
If you’re planning to do a Home Loan balance transfer, here are a few factors you should bear in mind before you arrive at a decision. A Home Loan can certainly make your dream of buying a house easier but it involves taking on a financial commitment that will last for at least 15 years. Staying in debt for that long can be stressful for some and so they opt for foreclosure of their Home Loan.
CFPB Monitor
FEBRUARY 19, 2021
The OCC has issued a bulletin that includes a self-assessment tool for OCC-supervised banks to evaluate how prepared they are to address the risks arising from the expected cessation of the publication of the London Inter-Bank Offered Rate (LIBOR) next year. In November 2020, the OCC, together with the FDIC and the Federal Reserve Board, issued a “ Statement on LIBOR Transition ” that encouraged banks to transition away from LIBOR as soon as possible, and in any event by December 31, 2021.
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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.
American Banker
FEBRUARY 19, 2021
The Boston-based bank said the Office of the Comptroller of the Currency gave it the highest grade possible on its most recent Community Reinvestment Act examination. Santander had received a “needs to improve” grade in 2017 and had a “satisfactory” rating in 2018.
Payments Source
FEBRUARY 19, 2021
The uncertainty and changeable environment requires lots of options, says Ivalua's Arnuad Malarde.
American Banker
FEBRUARY 19, 2021
The Small Business Administration wants to vet Paycheck Protection Program loans of $2 million or more, but lenders have grown tired of waiting for months with no updates.
BankInovation
FEBRUARY 19, 2021
Wells Fargo is working to streamline the commercial onboarding process as it embarks on a pilot designed to reduce the number of touchpoints between customers and employees. Allysun Fleming, senior vice president of treasury management and payment solutions, is heading up the mission at the $1.96 trillion bank, having recently expanded her role in December […].
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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.
American Banker
FEBRUARY 19, 2021
MoneyLion and Opportunity Financial are following in the footsteps of financial technology businesses that have raised billions of dollars from special purpose acquisition companies. The quick injection of funds is expected to accelerate their growth as well as make them more competitive with banks and other mainstream financial services firms.
BankInovation
FEBRUARY 19, 2021
International Business Machines Corp. is considering selling its IBM Watson Health business to streamline operations and focus on the fast-growing cloud computing arena, the Wall Street Journal reported, citing unidentified sources. IBM is exploring a range of alternatives from a sale to private equity or merger with a blank-check company, the Journal reported.
Payments Source
FEBRUARY 19, 2021
Twelve banks joined the Tencent financing deal, which initially had a $6 billion size.
American Banker
FEBRUARY 19, 2021
Community development financial institutions would reach even more underserved households and business if they had strong relationships with tech firms and national banks. Here's how the Office of the Comptroller of the Currency can foster such partnerships.
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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.
TheGuardian
FEBRUARY 19, 2021
Group intends to pull out of Ireland, winding down local Ulster Bank operations Coronavirus – latest updates See all our coronavirus coverage NatWest has cut its banker bonus pool to the lowest level since its financial crisis bailout, after swinging to a full-year loss in 2020. The lender – formerly known as Royal Bank of Scotland – slumped to a loss of £351m for 2020 compared with a profit of £4.2bn a year earlier.
Bankelele
FEBRUARY 19, 2021
This month saw Family Bank open a branch in Eastleigh, its 92nd in the country. Family is one of the pioneers of paperless branches and had opened another branch in December near the large Wangige market to serve traders. Eastleigh is an important cog of Kenyan supply chains and is estimated to have the second-highest […]. The post Which way the bank branch?
American Banker
FEBRUARY 19, 2021
Joseph Lajoie has succeeded Pamela Mello, who stepped down last month after more than five years in charge.
BankDeals
FEBRUARY 19, 2021
Sikorsky Credit Union (CT) offers competitive rates on the Kasasa Cash checking account and its companion Kasasa Saver savings account.
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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.
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