ATM Marketplace

JUNE 29, 2021

If you look up "cashless" on Google, you will inevitably find articles that argue the future is cashless and cash is old news. But…that isn't entirely true

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Google 137

FICO

JUNE 30, 2021

In this series on the must-have components of a financial platform, I have explored the data-related capabilities. Data is the fuel of the financial platforms, how it’s processed and made ready for use is where the banks start to see the value of the data. Microservices are the very first component where we transform data into business decisions. In other words, microservices tell the platform what actions need to be taken with data.

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Abrigo

JULY 1, 2021

Identify Human Trafficking via Transactions Banking professionals run across many types of transactions pointing to human trafficking. Here are tips to spot them from Love Never Fails Founder Vanessa Russell. You might also like this webinar: "Human Trafficking - Close to Home" WATCH . Takeaway 1 Some financial transactions flag human trafficking because they are from websites notorious for this behavior.

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Accenture

JUNE 28, 2021

I’ve asked Michael Monday to co-author this blog post on ransomware. He specializes in cybersecurity in financial services as Accenture Security’s North America Banking Lead. Having begun his career in the US Air Force, Michael knows all about precision, rigor and why offense is often the best defense against bad actors. The threat of cybersecurity….

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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

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CFPB Monitor

JULY 2, 2021

Phil Yannella, Ballard Spahr litigation partner and Practice Leader of Ballard’s Privacy & Data Security Group, recently authored a treatise on data breach and privacy litigation. The book, Cyber Litigation: Data Brach, Data Privacy & Digital Rights, is published by Thomson Reuters and is available now for purchase. The publication of CyberLitigation comes at an important moment as the U.S. is in the midst of a huge surge in data breaches, particularly ransomware attacks.

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BankUnderground

JULY 2, 2021

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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Accenture

JULY 1, 2021

The power of the cloud is not new for banks. But we are rapidly approaching a tipping point in the industry’s adoption of the cloud, spurred partly by the digital acceleration caused by the pandemic. Nearly every bank has adopted the cloud in some form, or are planning to get there soon. The reason for…. The post How the cloud can transform people practices in banking appeared first on Accenture Banking Blog.

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CFPB Monitor

JULY 1, 2021

On June 29, Florida Governor DeSantis signed into law CS/SB 1120 which amends Florida law to impose new limits on the use of “automatic dialers.” The law is effective today, July 1. The new law prohibits the use of an “automated system” to make “telephonic sales call” without the prior express written consent of the “called party.” A “telephonic sales call” is defined as “a telephone call, text message, or voicemail transmission to a consumer for the purpose of soliciting a sale of any consum

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Banking Exchange

JUNE 28, 2021

Older savers are more likely to shun interaction with AI chatbots compared to younger counterparts Technology Retail Banking Feature3 Feature Financial Trends People Fintech.

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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

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BankInovation

JULY 1, 2021

Financial institutions that leverage artificial intelligence (AI) and machine learning (ML) are not in favor of new regulations determining how the techniques can be used. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) together with the Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau and the National Credit Union […].

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Accenture

JUNE 29, 2021

At the beginning of 2020, the mindset around cloud adoption in banking and capital markets was in a very different. Much of the industry had settled into a steady but slow migration path to the cloud that was often cautious and incremental. But with the arrival of the global pandemic, all of that changed. Almost…. The post Cloud empowerment: Enabling growth in the new appeared first on Accenture Banking Blog.

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FluentBanking

JULY 1, 2021

IFIC is the country's 1st public-private partnership bank. The bank is a unique embodiment of reality, stability, and the highest level of professionalism in the financial sector. Through a continuous innovative process, since 1976, we built the best-in-class platform of people, process, technology, products and service proposition. We are ready to become one of the largest and most distinguished banks, both nationally and internationally.

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Cisco

JUNE 29, 2021

For the office to have a future, it must offer employees added value. Collaboration software and a laptop are no longer enough to be effective and productive in and out of the office. It has to be completely rethought. Over the past year, many have seen the office move to the kitchen table at home from one day to the next. What was initially unfamiliar has now become part of everyday life – many people no longer want to do without the flexibility and freedom of choice that the home offic

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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.

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BankInovation

JULY 1, 2021

Chainalysis and other cryptocurrency risk and compliance firms like Elliptic and CipherTrace are benefiting from accelerated cybercurrency enforcement actions by U.S. regulators related to anti-money laundering (AML) concerns and national security. With banks beginning to offer cryptocurrency to customers and cryptocurrency “going mainstream,” federal regulators will continue to increase enforcement efforts and the need for companies such […].

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ABA Community Banking

JULY 1, 2021

Banking has always been about people and no bank is better than its employees—so it’s incumbent on all of us to recruit the best and brightest. The post The Imperative of Developing the Next Generation of Bankers appeared first on ABA Banking Journal.

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CFPB Monitor

JULY 2, 2021

Pursuant to the authority set forth in Section 205 of Senate Bill 1202, Connecticut’s Banking Commissioner signed an order that permits individuals engaged in certain licensable activity on behalf of certain consumer credit licensees to work from remote office locations not licensed as branch office locations. The order, available here , extends the previous no-action position of the Commissioner and is effective July 1, 2021.

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Jack Henry

JULY 1, 2021

It might take you a second to remember what life was like prior to COVID-19. Travel was booming , people were vacationing around the world, and the hospitality sector was flourishing. In 2019 alone, direct spending by resident and domestic travelers in the United States was around $3.1 billion per day, supporting a total of 15.8 million American jobs.

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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.

Lending

BankInovation

JUNE 29, 2021

Organizations, including those in financial services, are struggling to realize the full value of automation, in part because they’re tentative about fully rolling it out. That’s left nearly half of process automation deployments at the proof-of-concept stage or team scale, although process automation received a high satisfaction rating in a recent survey by Emergence Partners, […].

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Banking Exchange

JUNE 30, 2021

Randal Quarles “skeptical” of the proposed benefits of a Federal Reserve-backed digital currency Risk Management Technology Payments Feature3 Feature Bitcoin Cryptocurrency Blockchain.

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CFPB Monitor

JULY 1, 2021

The final step in the demise of the OCC’s true lender rule occurred yesterday with President Biden signing the resolution under the Congressional Review Act (CRA) overturning the rule that was passed by the House and Senate. On August 9, 2021, from 12:00 p.m. to 1:00 p.m. ET, Ballard Spahr will hold a webinar, “Congress Overrides the OCC’s True Lender Rule: What Are the Risks for Banks and Their Loan Program Nonbank Partners?

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Groups 78

Jack Henry

JUNE 29, 2021

Talent management is one of the most important elements in driving a healthy financial services industry. Because banking is no longer viewed as one of the most “attractive” industries, financial service organizations are now competing both inside and outside of the industry when recruiting employees.

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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.

Lending

BankInovation

JUNE 30, 2021

First Internet Bancorp, Truist Securities and City National Bank were among the financial institutions that announced fresh hires and shuffled executives this month: City National Bank taps Montanez for private banking City National Bank, a subsidiary of Toronto-based Royal Bank of Canada, has hired Abel Montanez to lead the bank’s private banking businesses.

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Banking Exchange

JUNE 28, 2021

A new trading desk platform is emerging that will benefit both the financial services industry and its workforce Risk Management Technology Feature3 Human Resources Feature Financial Trends Management.

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CFPB Monitor

JULY 1, 2021

After announcing several years ago that it intended to pick up with fair lending enforcement in the indirect auto finance market where the CFPB left off, the New York Department of Financial Services has announced two consent orders with smaller, New York-chartered banks based on the allegation that allowing auto dealers to negotiate the retail prices of retail installment contracts resulted in a disparate impact on the basis of race and national origin.

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SWBC's LenderHub

JUNE 28, 2021

I look forward to CU Data’s statistics and trends report each quarter. It gives our team insights into what the industry is experiencing and how that will impact our clients and their members. In this blog post, I’d like to share some highlights and notable KPIs from the Q1 2021 report.

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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.

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