MoneyGram dives deeper into crypto
Payments Dive
NOVEMBER 2, 2022
The money transfer company said it’s adding a new crypto feature to its mobile app, expanding on an attempt to appeal to a younger client set.
Payments Dive
NOVEMBER 2, 2022
The money transfer company said it’s adding a new crypto feature to its mobile app, expanding on an attempt to appeal to a younger client set.
Accenture
NOVEMBER 3, 2022
A recent Accenture survey found that embedded finance offerings to small and medium-sized enterprises could increase global bank revenues by as much as US$92 billion by 2025. Embedded finance offers banks a huge opportunity to grow their businesses. I’ve asked my colleague Chris Jaggard to share his insights into this opportunity. Chris is the Commercial….
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Perficient
NOVEMBER 1, 2022
The Scene. You’re a rising middle-management executive, walking into your NYC office, holding a cup of coffee purchased from a street vendor. Right upon booting up your PC, a message from your largest, most demanding client pops up, stating that they want to send wires to multiple vendors – who, of course, all use different banks, overseas in different countries (which all have different holidays and use different currencies).
South State Correspondent
NOVEMBER 2, 2022
This week the FOMC increased the Fed Funds rate by 75 bps, as expected to the 3.75% to 4.00% target range. The Effective Fed Funds rate jumped up and should stabilize at 3.83%, as did the 1-month term SOFR, to 3.79%. The futures market now expects close to average odds of a 75bps increase in Fed Funds rate for the next FOMC meeting on December 14 th ( HERE ) and about 60% odds of a 75bps hike by January.
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.
Payments Dive
NOVEMBER 3, 2022
With the latest acquisition, Fiserv is further strengthening its restaurant chops, adding cloud-based reservation and table management to its BentoBox operation.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
NOVEMBER 2, 2022
3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." DOWNLOAD . Takeaway 1 Technology can help reduce or eliminate common problems that construction lenders face during the complicated draw process.
Independent Banker
OCTOBER 31, 2022
Photo by Chris Williams. “FedNow can be another positive differentiator for our nation’s community banks, but we must be ready for this real-time service and its 24/7/365 requirements.”. We’ve been working toward a faster payments future for a decade now, and we’re finally seeing the fruits of our labor: the launch of FedNow. Our efforts to encourage the Fed to offer an instant payments solution have led to this result; it was our voices that expedited FedNow’s time to market, with the Fed updat
Payments Dive
NOVEMBER 3, 2022
The payments company will cut about 1,140 jobs as it reins in expenses in the face of deteriorating economic conditions after growing too fast.
Accenture
NOVEMBER 2, 2022
In the wake of the Sibos conference, it looks to me like banking right now is full of paradoxes. Central bank digital currencies (CBDCs) are a total game changer or a complete dud. Fintechs are an existential threat to incumbent banks or they are their most important partners. Sustainability is on the cusp of major…. The post Four big ideas in the wake of Sibos 2022 appeared first on Accenture Banking Blog.
Advertisement
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
Abrigo
OCTOBER 31, 2022
Key Takeaways. FinCEN reissued Geographic Targeting Orders to include two new metropolitan areas. Real estate purchases of $300,000 or more are affected by the GTO because they have historically been a successful vehicle for money laundering. Real estate lending BSA training should include GTO guidance , specifically on how to identify red flags at loan origination. to ensure the detection of these transactions.
Independent Banker
OCTOBER 31, 2022
After 40 years in its Cape Giradeau branch, Wood & Huston Bank moved to a new building and allowed firefighters to train in its former building. Before Wood & Huston Bank’s former headquarters was demolished, the community bank lent the space to a local fire department for critical, hands-on training. By William Atkinson. If you are in the process of pulling up roots from an existing building and moving to a new facility, and if you plan to demolish the older building, there may be a way
Payments Dive
OCTOBER 31, 2022
Sen. Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.
Accenture
NOVEMBER 2, 2022
At the recent Sibos conference in Amsterdam, commercial banking leaders from around the world gathered to share their insights and enthusiasm about the latest trends and innovations. I had the great pleasure of leading a roundtable on trade finance, and I was happy to find so many banks already excited about the possibilities for the…. The post News from Sibos: Banks are excited for new trade finance solutions appeared first on Accenture Banking Blog.
Advertisement
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
CFPB Monitor
OCTOBER 31, 2022
Recently, the Federal Housing Finance Agency (FHFA) announced the approval of two new credit scoring models, the FICO 10T and the VantageScore 4.0 for use by Fannie Mae and Freddie Mac (the GSEs or Enterprises). Lenders will have a few years to implement use of the new models before being expected to report both scores on loans sold to the GSEs. Currently, and for the past 20 years, the Enterprises have relied on Classic FICO credit scores.
Independent Banker
OCTOBER 31, 2022
John V. Anderson bought F&M Bank in the early 1970s. It’s a third-generation family business today. John V. Anderson celebrates 75 years in community banking this year. The chairman emeritus of F&M Bank offers us a glimpse of his life, his career and the lessons he’s learned along the way. By Molly Bennett. Name: F&M Bank. Assets: $650 million.
Payments Dive
OCTOBER 31, 2022
The company better known for paper checks is preparing for increased consumer use of digital assets, with plans to add options for accepting crypto next year.
Accenture
NOVEMBER 2, 2022
I asked my colleague Danelle Faust—who leads our financial services business within Accenture Song across the Midwest—to be my co-author again. She’s the perfect person to help explore what middle market banks need to do to respond to the most complex consumer behaviors we’ve seen in years. Middle market banks take pride in truly knowing…. The post How banks can make customer relationships even better appeared first on Accenture Banking Blog.
Advertisement
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.
CFPB Monitor
OCTOBER 30, 2022
On October 20, 2022, the Federal Trade Commission (“FTC”) announced that it is issuing an Advance Notice of Proposed Rulemaking (“ANPR” or “Notice”) to address “junk fees,” a term used in the Notice to refer to “unfair or deceptive fees that are charged for goods and services that have little or no added value to the consumer.”. In announcing the Notice, the FTC said it is seeking public comment on “the harms stemming from junk fees and associated junk fee practices and on whether a new rule wou
Independent Banker
OCTOBER 31, 2022
ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. By William Atkinson. According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.
Payments Dive
NOVEMBER 3, 2022
Twitter’s new billionaire owner plans to make the company into a payments player, but industry pros say social media platforms aren’t cut out for that game.
Cisco
NOVEMBER 1, 2022
In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). Since its creation, the Cybersecurity Framework has continued to offer updates and guidance on best security practices. In 2021, the NYDFS cybersecurity department explicitly called out MFA weaknesses as one of the most common gaps exploited at financial services companies.
Advertiser: Data Robot
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.
ATM Marketplace
NOVEMBER 1, 2022
Bitcoin and cryptocurrency can often be difficult to understand. A panel of self-service industry experts discussed the technology in detail and debunked several misconceptions.
Independent Banker
OCTOBER 31, 2022
Photo by Chris Williams. “The habits of our customers change, and we’re constantly walking beside them, transforming our services to meet their needs.”. Digital transformation. Those words have been bandied about with increasing fervor, fueled by a heightened sense of urgency. Yet, while the digital movement has increased pace, it’s more of an evolution than a revolution.
Payments Dive
NOVEMBER 1, 2022
The tech conglomerate will couple new payments software with its mobile computers to process transactions anywhere, taking on a pack of rivals already in the market.
SWBC's LenderHub
NOVEMBER 3, 2022
Your borrowers expect a wide range of valuable services that are timely and relevant in today's economy. For example, Guaranteed Asset Protection (GAP) coverage gives them a safety net if their vehicles are ever totaled or stolen and not recovered—helping cover the difference between the insurance company settlement and the balance of the loan. Vehicle purchases have always been huge decisions, but with the price of vehicles and interest rates on the rise, your borrowers need to protect their ve
Advertisement
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.
Let's personalize your content