July, 2021

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Fintech on Fire: Deals to Watch

Gonzobanker

The fintech market is smokin’ hot right now. But is it headed into a warm, steady burn, or will it end up as a dumpster fire? After a year in lockdown where consumers and investors saw Zoom stock zooming, investors are flush with cash (or stock) at the ready. Whether housing, used cars, or timber, demand is driving activity to record levels. Fintech is no different.

Fintech 197
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How to Explain EVE Policy Exceptions to Your Board

Jack Henry

Economic Value of Equity (or “net economic value” for credit unions) is the difference between the fair value of assets and the fair value of liabilities. Economic value of equity (EVE) is a longer term look at interest rate risk. Over the course of the pandemic, with market interest rates at historic lows, fair value of deposits declined. Consequently, EVE has declined significantly for most banks and credit unions.

Policies 166
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Three CX-defining ways that banks can protect and build trust with customers

Cisco

Earlier this year Cisco completed its acquisition of imimobile, adding an enterprise-grade CPaaS platform to Cisco’s industry-leading collaboration and contact center solution portfolio. The Cisco Financial Services team welcomes imimobile’s Alex Cambell , SVP Sales at imi mobile, as our guest blogger this week. Changing consumer behavior and digital disruptors within the banking industry have redefined how we interact with financial service providers.

Fraud 168
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New standard set to revolutionize the ATM world

ATM Marketplace

The ATM industry is now at the beginning of creating the new standard that will eventually take over and provide enormous benefits to all ATM stakeholders including vendors, banks and ATM user.

ATM 138
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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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Covid-19 briefing: working from home and worker productivity

BankUnderground

John Lewis, Andrea Šiško and Misa Tanaka. The Covid pandemic has led to a large enforced shift towards working from home (WFH) as a result of ‘stay-at-home’ policies in many countries. This led to a resurgence in interest in, and new reignited discussion about, the consequences of greater WFH. In this briefing we review the literature on the impact of WFH on productivity.

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More Trending

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Bankers Are Caught in a Revenue Recession

Gonzobanker

Short-term moves to fill earnings shortfalls on the backs of customers will backfire spectacularly. “Remind people that profit is the difference between revenue and expense. This makes you look smart.” – Scott Adams, Dilbert Creator. The nation’s banking professionals have more than just “Zoom gloom” these days. The bottom line is this: folks are working harder than ever and dealing with more daily stress – all to generate less revenue.

Resources 158
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Four Ways Banks Can Help Main Street USA Thrive Again

ABA Community Banking

With the right blend of people, empowerment, customized solutions and technology, banks are well-positioned to be heroes by growing with small businesses and supporting their efforts. The post Four Ways Banks Can Help Main Street USA Thrive Again appeared first on ABA Banking Journal.

Maine 105
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State Of Fintech Q2’21 Report: Investment & Sector Trends To Watch

CB Insights

Q2’21 marked another banner quarter across deals, funding, exits, and mega-rounds for global fintech. In this report, we dig into what drove this quarter’s $30.8B funding boom and explore trends including embedded insurance, compliance in the age of cryptocurrencies, and emerging corporate card and expense management players. . Report Highlights: Q2’21 was the largest funding quarter on record.

Trends 100
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How branches are embracing next gen technology

ATM Marketplace

Technology is continually advancing as every industry deals with unique challenges. Banks and financial institutions are no exception. Banks are dealing with automation, regulation, digitalization and disruption to meet with the needs of customers. The traditionally slow moving industry is now changing rapidly.

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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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On the origin of systemic risk

BankUnderground

Giovanni Covi, Mattia Montagna and Gabriele Torri. Systemic risk in the bank sector is often associated with long periods of economic downturn and large social costs. In a new paper , we develop a microstructural contagion model to disentangle and quantify the different sources of systemic risk for the euro-area banking system. Calibrated to granular euro-area data, we estimate that the probability of a systemic banking crisis was around 3.6% in 2018.

System 125
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U.S. Bank deal would double size of asset management unit

Payments Source

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But I Really Like My Technology Vendor!

Gonzobanker

How much are you willing to pay to be chummy with your solution provider? In a recent survey of banks and credit unions about their technology vendor contracts, Cornerstone Advisors found that more than half of these financial institutions allow emotional factors to influence their negotiation processes. And it’s costing them money. We’ve negotiated enough contracts to understand why this happens.

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Square launches Square Banking for small businesses

The Paypers

Square has launched Square Banking, a suite of financial products purpose-built to help small business owners manage their cash flow and get more out of their money.

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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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85+ Companies Reshaping The B2B Payments Tech Landscape

CB Insights

Fintech solutions geared toward businesses of all shapes and sizes are rapidly gaining traction. FREE DOWNLOAD: STATE OF FINTECH q2’21. Q2’21 was the largest funding quarter on record. Download the report to learn more. First name. Last name. Email. Company Name. Job Title. Phone number. Want the full expert post? Become a CB Insights customer.

Company 88
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3 reasons you should attend Bank Customer Experience Summit

ATM Marketplace

Between COVID-19 closing down bank branches, and changing customer expectations, it can be a challenge for financial institutions, independent ATM providers and other companies to strategize their path forward. The Bank Customer Experience Summit, held on Sept. 13-15 in Chicago, will provide crucial guidance.

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What do two million accounts tell us about the impact of Covid-19 on small businesses?

BankUnderground

J ames Hurley, Sudipto Karmakar, Elena Markoska, Eryk Walczak and Danny Walker. Compass on old map. This post is the second of a series of posts about the Covid-19 pandemic and its impact on business activity. Covid-19 led to a sharp reduction in economic activity in the UK. As the shock was playing out, small and medium-sized businesses (SMEs) were expected to be more exposed than larger businesses.

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How lenders will spend federal windfall on low-income communities

Payments Source

Community 174
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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.

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Spotlight on Loan Growth — or Lack of it — as Earnings Season Kicks Off

American Banker

Consumer lending Earnings Commercial lending Credit quality

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Zilch secures USD 110 mln in debt and equity

The Paypers

BNPL fintech Zilch has raised an extra USD 110 million in debt and equity three months after it announced its USD 80 million Series B, according to AltFi.

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Blockchain Funding Is At An All-Time High — Here’s What’s Driving The Boom

CB Insights

It’s been a record year so far for blockchain tech , as it has reached new equity funding and media coverage milestones. Blockchain companies have already raised over $7B in venture capital and private equity funding in H1’21 — an amount higher than that raised over the course of any full year in history. Even legacy financial institutions are placing bets in the space.

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What's on the horizon for the ATM world?

ATM Marketplace

ATMs went through a challenging year in 2020, but as the industry comes out of the pandemic, a question emerges: What's on the horizon?

ATM 135
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Banking Needs To Prepare For Marketing’s Data Arms Race

The Financial Brand

In a marketplace that is becoming accustomed to hyper-personalized communication, the need for banks to use data to drive engagement is no longer optional. The post Banking Needs To Prepare For Marketing’s Data Arms Race appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Full Stack Observability Driving Customer Experience in a Multi-Cloud Environment

Cisco

Application is the Business & Level of Digitalization is the Brand. In our ever-changing world, where the application represents the business itself and the level of digitization it provides is directly related to the perception of the brand; enterprises must ensure they stand differentiated by providing exceptional user experience – both for their customers as well as their employees alike.

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Battle lines over cryptocurrencies being drawn in Congress

American Banker

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Study shows Romanian startups with highest income are in automation, fintech, and marketing

The Paypers

The Romanian technology startups with the highest number of employees are in fintech (35.2%), automation (35.2%), and marketing (14.2%), according to a study initiated by the Romanian Tech Startups Association (ROTSA).

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.