Sat.Jan 08, 2022 - Fri.Jan 14, 2022

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The next big payments disruptors may surprise you

Accenture

At the recent Money 2020 conference, I spoke with The Fintech Times about which potential disruptors banks and payments players are most concerned about. Accenture surveyed over 200 payments executives to find out what they thought were the biggest potential disruptors and growth opportunities in payments. That research will be available early this year, but….

Payments 366
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Listen To Mark Cuban Break Down NFTs and How the Dallas Mavericks Use Them To Create Fan Value

Perficient

I was super excited when I first heard that Perficient’s Jim Hertzfeld and Kim Williams-Czopek were interviewing Mark Cuban, the owner of the Dallas Mavericks, Shark Tank host and investor, and entrepreneur, on their What If So What? podcast. Not entirely surprising, but Cuban said more people probably know him as the “Shark Tank guy” than as the Mavs owner…and indeed, even fewer people know about his earlier days when he started MicroSolutions (sold to CompuServe) and Broadcast.com (sold to Yah

Dallas 294
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ALM 101: Introduction to Asset/Liability Management – Part 1: ALM Goals & Approaches

Abrigo

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring, and Controlling Interest Rate Risk" WATCH. Takeaway 1 ALM in banking means managing the cash flows of assets and liabilities to increase profitability, manage risk, and maintain safety and soundness. .

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40 Under 40: Emerging Community Bank Leaders awards

Independent Banker

Nominations for 40 Under 40: Emerging Community Bank Leaders 2022 are now open! Click here to nominate. 40 Under 40 seeks to recognize community banking’s brightest, most promising young professionals. Winners are featured in Independent Banker’s June issue. Candidates are judged on the following criteria: Character. Leadership. Community Involvement.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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BSA/AML Reform in the 2021 NDAA: What You Need to Know

Jack Henry

One thing all BSA compliance professionals can agree on is that the requirements to identify money laundering and terrorist financing will continue to get more complex globally as time goes on. The good news is the 2021 National Defense Authorization Act (NDAA) updates aim to improve Bank Secrecy Act (BSA) compliance to make identifying money laundering and terrorist financing easier for everyone.

More Trending

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Tips To Take Your Health Insurance Policy To The Next Level

BankBazaar

The pandemic has hit us hard. Healthcare costs have gone up with some even forced to give up their cover due to a steep rise in premiums. Here are a few tips to make the most of your Health Insurance cover. The pandemic has hit us hard. Healthcare costs have gone up with some even forced to give up their cover due to a steep rise in premiums. However, you have to treat it as a necessity and make sure you’re covered, now more than ever.

Policies 122
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Sustainability Impact in Financial Services: Improvements to Four Areas

Cisco

At no other time in humankind’s history has every government, business, and citizen in the world held the collective responsibility to act with determination to ensure the sustainability of our planet. This large-scale transformation of global societies will require coordinated public/private actions to drive consistent environmental, social, and governance (ESG) business practices and fuel investments in innovation and technology necessary for the greening of global economies.

Community 109
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Examining future banking trends

ATM Marketplace

Banking is going through a period of evolution right now, as banks have to adjust to new realities both from the pandemic and changing customer expectations. ATM Marketplace spoke with Sue Laws, EVP of operations in the Americas, Temenos, a banking software company, to get her predictions on where banks are headed in 2022.

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Banks Earning Over $10m Experience Spike in Fraud Attempts in 2021

Banking Exchange

Fraud cases increased by 343 between 2020 and 2021 Risk Management Security Cyberfraud/ID Theft Operational Risk Feature3 Feature.

Fraud 145
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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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Deals and Dollars: French digital business bank raises $554 million

BankInovation

This week saw a funding round of more than $550 million for a commercial digital banking provider, as well as a $120 million round for a Swiss-licensed cryptocurrency assets trade and custody services provider. Meanwhile, Toronto-based small business invoice funding fintech FundThrough announced a strategic acquisition of certain BlueVine business and personnel.

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Andrew Guzzo Promoted to Chief Banking Officer at Merchants Bank

MerhantsBanks

Andrew Guzzo has been promoted to Chief Banking Officer & President (Winona), according to Greg Evans, President & CEO. Guzzo will continue to have primary leadership responsibility for Merchants Bank’s Winona and Goodview locations, along with meaningful community engagement for the Winona area. Additionally, Guzzo will now also oversee the strategic direction of the Wealth […].

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11 Commandments of Digital Banking: The Customer Journey

FICO

Last year we published a highly successful The 11 Commandments of Digital Banking eBook that introduced the 11 commandments: Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed by TikTok obsession. Use your branch wisely! Respect my time and match my effort.

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Motivations in Modern Banking. Beyond the “Who”: Understanding Why Consumers Respond in Certain Ways.

ATM Marketplace

Diebold Nixdorf partnered with NielsenIQ to survey 12,000 financial consumers across 11 countries to find out what they really want in a bank. Their answers led to the identification of five consumer segments. Each one is distinct in their core motivation, offering a “why” that you can use to start designing more meaningful experiences.

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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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Listen: Weekly Wrap discusses findings in Microsoft Frontline Worker survey

BankInovation

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team talks findings in Microsoft’s Work Trend Index Frontline Workers survey, which found that more than 40% of the global workforce plans on quitting their job this year. The survey also revealed that two-thirds of banking and financial services employees feel supported […].

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M&T Bank $350 MyChoice Premium Checking Bonus Offered Through 1/28/22

BankDeals

M&T Bank $350 MyChoice Premium Checking account bonus offered through 1/28/2022. Available in CT, DC, DE, MD, NJ, NY, PA, VA, and WV, based on Zip Code.

NJ 98
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CFPB sues debt buyer companies and their owners/officers for unlawful debt collection practices based on third-party conduct

CFPB Monitor

The CFPB filed a complaint earlier this week in a New York federal district court against three companies that purchase defaulted debts (Corporate Defendants) and three individuals who are owners and/or officers of the Corporate Defendants (Individual Defendants). ( Click here to read the statement from United Holding Group, LLC, one of the Corporate Defendants, about the lawsuit.).

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Fed set to automate non-merger-related adjustments to member banks’ capital stock subscriptions

Banking Exchange

The Federal Reserve has finalized a rule to automate non-merger-related adjustments to member banks’ subscriptions Compliance Duties Management Feature Feature3 M&A Compliance Management Compliance/Regulatory.

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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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JPMorgan Chase will increase $12B tech spend by 20% in 2022

BankInovation

JP Morgan Chase, the largest bank in the U.S., today revealed it will increase by 20% the $12 billion it spends annually on technology, offering a rare glimpse into where it allocates those dollars. The $3.7 trillion bank has slated about half for investments and what it calls “change the bank spend,” Chief Financial Officer […].

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7 Tips for Business Process Automation in the Banking Industry

Jack Henry

As the COVID-19 pandemic shrinks the labor market by the millions, banks and credit unions have been forced to upskill, reskill, and redeploy talent – requiring training on new skills (upskilling) or for new jobs (reskilling) while moving employees from surplus to shortage areas (redeploying). But what if you could do more with less? While no one can predict the future, it doesn’t seem the labor market is bouncing back as quickly as economists would hope – meaning it’s time to hope for the best

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Eleventh Circuit schedules February 22 oral argument in Hunstein en banc rehearing

CFPB Monitor

The U.S. Court of Appeals for the Eleventh Circuit has scheduled oral argument in the rehearing en banc in Hunstein v. Preferred Collection and Management Services, Inc. for February 22, 2022. After ordering the rehearing en banc in November 2021, the Eleventh Circuit issued a memorandum indicating that for purposes of the rehearing, the Court wanted counsel to focus their briefs on the question: “Does Mr.

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Market Commentary: Week of January 10, 2022

SWBC's LenderHub

Last Week. The markets rang in 2022 with what could be the real beginning of a bond market rout that has been predicted incorrectly for at least a decade—up until now. The December FOMC minutes showed the committee is getting increasingly concerned about “non-transitory” inflation and is considering raising rates as soon as QE buying (not including reinvestment, which is still very substantial) ends in March.

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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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Microsoft: FI frontline employees look to tech to reduce workplace stress

BankInovation

Frontline employees and managers are so overwhelmed that they will be among the over 40% of the global workforce planning to quit their jobs this year, but workplace technology is lowering stress levels. Financial services companies have an opportunity to manage what Microsoft calls the “Great Reshuffle” through automation and technology, Bill Borden, corporate vice […].

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Michigan State Univ Federal Credit Union Jumbo 5-Yr CD Is Rate Leader

BankDeals

Michigan State University Federal Credit Union (easy membership) has raised the rate on its 5-year Jumbo CD ($100k min) to a very competitive level.

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NYDFS announces providers of commercial financing not required to provide consumer-like disclosures under new law until final regulation takes effect

CFPB Monitor

The New York Department of Financial Services has issued a letter announcing that it has concluded that the obligation of providers of commercial financing under the Commercial Finance Disclosure Law (CFDL) to provide consumer-like disclosures does not arise “until the Department issues final implementing regulations and those regulations take effect.”.

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DAOs and Democracy. A real world example.

Jessica Ellerm

Over the past two years, during the course of this never-ending pandemic, I, along with roughly 1 million other New Zealanders living offshore have faced something we never, ever thought would happen. We’ve been locked out of our own country. While border closures to citizens initially started out as a brute force measure to limit the unknown impacts of an unknown virus, over time they morphed into a metaphorical slap down to any Kiwi that ever dared to dream of exploring what life might l

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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.