Sat.Oct 23, 2021 - Fri.Oct 29, 2021

article thumbnail

Solving the skill gap in banking’s cloud journey

Accenture

The competitive landscape in banking has shifted. Cloud competence no longer gives a bank an edge—cloud mastery is required. Accenture’s experience has demonstrated that focusing on alignment, ability and adoption—which we also call “The Three As” —is a powerful approach for achieving cloud mastery. In this post we’ll take a closer look at ability. A power accelerant… or a formidable barrier Ability is the….

307
307
article thumbnail

Preventing Cyber Fraud – Video

Abrigo

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Read. . Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Takeaway 2 Cyber attacks and cyber fraud are more than just hard dollar losses.

Video 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Do the FFIEC IT Handbook Updates Really Mean?

Jack Henry

On June 30, 2021, the FFIEC issued a new booklet in the FFIEC Information Technology Handbook (IT Handbook) series entitled, “Architecture, Infrastructure, and Operations” (AIO). Great, you might say … translation, please?

Handbook 179
article thumbnail

Market Commentary: Week of October 25, 2021

SWBC's LenderHub

Last Week. It was a tale of two worlds last week. In the rates markets, more and more participants have begun to accept as fact that the inflationary pressures being experienced in all corners of the economy and most of the world aren’t going away anytime soon.

Marketing 148
article thumbnail

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

article thumbnail

How neobanks can balance profit and sustainability

Accenture

Neobanks are multiplying rapidly and they offer incredible opportunities to disrupt the financial services market. Accenture’s Global Banking Industry Outlook estimates that in 2020, 20% of all players in the banking and payments sectors were less than 15 years old. But not all neobanks will become profitable, or survive past the startup stage. The rush to market often has founders….

Industry 300

More Trending

article thumbnail

Reviewing Bitcoin Depot ATMs

ATM Marketplace

In the next entry on our series on Bitcoin ATMs, we will review Bitcoin Depot's Bitcoin ATM, which can be found at Circle K locations in the U.S.

ATM 138
article thumbnail

Gender imbalance in economics: what next?

BankUnderground

Misa Tanaka. This post by Misa Tanaka is based on her talk at the Royal Economic Society’s webinar on Gender Imbalance in UK Economics which took place on 6 October. She is Head of Research at the Bank of England and a member of the Royal Economic Society’s Women’s Committee. . The latest report on the Gender Imbalance in UK Economics by the Royal Economic Society (RES) Women’s Committee makes a depressing read.

Study 114
article thumbnail

Bankers Are Navigating a Brave New World with Mergers and ESG

Gonzobanker

Embedding ESG into a merger playbook is a strategic move worthy of banks’ consideration. Bankers typically aren’t the segment of society that gets a lot of sympathy. First responders, military personnel, and even TikTok influencers can pull at the heartstrings, but bankers? Nah! However, pull out a Kleenex because one must admit that bankers are surrounded on all fronts right now from a strategic standpoint.

article thumbnail

FARGO

Banking Exchange

Wells Fargo’s new virtual assistant will launch in 2022 Retail Banking Feature Technology Financial Trends Lines of Business Branch Technology/ATMs Customers Outsourcing/Cloud Feature3.

ATM 88
article thumbnail

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

article thumbnail

ITMs see major growth

ATM Marketplace

Traditionally, ATMs have mainly served as cash dispensing tools. That is changing in recent years with the advent of solutions such as the interactive teller machine, which can deliver more banking tools to the customer.

ATM 114
article thumbnail

Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

Nathan Sussman. The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. This guest post by Nathan Sussman, Professor of International Economics at the Graduate Institute of Geneva, is based on material included in his conference presentation. The monetary system is going through significant changes: the rise of cryptocurrencies, negative interest rates, and the decline in the role of traditional banks as intermediaries.

Policies 108
article thumbnail

Why are UK banks making so much money and why are their taxes being cut?

TheGuardian

Bumper profits come as other sectors do not seem to be reaping the same benefits HSBC profits rise 74% as economy rebounds from Covid crisis UK banks have so far reported bumper profit rises in the third quarter, which they say reflects improving economic forecasts. Other sectors do not seem to be reaping the same benefits, particularly in light of the uncertainty linked to the Covid crisis.

Taxes 99
article thumbnail

Movers and Shakers: Canadian banks make big executive changes

BankInovation

This month saw a number of leadership changes at top Canadian banks, spurred in part by the retirements of long-tenured executives. Among those, Toronto-based TD Bank Group on Thursday announced a succession of changes to its senior executive team. Michael Rhodes, group head of innovation, technology and shared services will take over in January 2022 […].

article thumbnail

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.

article thumbnail

Merchants’ Strong Earnings Allows for Dividend Declarations?

MerhantsBanks

Merchants Financial Group, Inc. (MFGI) has announced financial performance results for the third quarter and two forthcoming dividend payments to shareholders, according to MFGI President & CEO Gregory M. Evans. As a result of strong earnings performance, during its October meeting the MFGI Board of Directors authorized an increase in the semiannual dividend payment from […].

Groups 98
article thumbnail

State Of Fintech Q3’21 Report

CB Insights

Following a record-breaking Q2, global fintech private market deal activity remained elevated in Q3’21. . In our State of Fintech Q3’21 Report, we dive into global investment trends to spotlight takeaways including: . The second-highest quarter on record for fintech financing, up 147% YoY. Top equity deals of the quarter, including 3 of the top 5 raised outside the US.

Fintech 100
article thumbnail

UK borrowers warned: the days of cheap mortgages are over

TheGuardian

As interest rate changes are coming ‘thick and fast’, owners may face big rises in their repayments Budget 2021: key points at a glance Budget calculator: what does it mean for me? Read all our budget coverage The era of record low mortgage rates looks to be over, borrowers were warned this week, with the government’s independent forecasters predicting costs will rise rapidly over the next two years.

98
article thumbnail

Want to build loyalty and reduce customer churn? Start with a seamless customer Experience

BankInovation

Long gone are the days of free toasters for opening an account. Or promoting online banking as a unique offering. Today, banks differentiate themselves on customer service, which in our digital-first world now means OnScreen customer experiences. Digital Customer Service (DCS) has become a strategic priority for banks seeking to deliver positive customer experiences, build […].

article thumbnail

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.

article thumbnail

The Basics of Investing in Municipal Bonds

SWBC's LenderHub

The municipal bond market is unlike any other fixed-income market in numerous ways. It’s a $4 trillion market with millions of individual bonds and credits that trade on an over-the-counter market, which means there is no centralized market like Treasury or corporate bonds. The tax-exempt nature of its dividend stream also adds another layer of confusion as the returns may seem lower, but to the tax-savvy investor, the tax-exempt status offers great value.

Taxes 78
article thumbnail

This week’s podcast: A close look at the CFPB’s Section 1071 proposed rule to expand data collection and reporting in the small business lending market: Part I

CFPB Monitor

In Part I of this two-part podcast, we examine the CFPB’s proposed rule implementing Sec. 1071 of the Dodd-Frank Act which would impose significant new data collection and reporting requirements on lenders in connection with credit applications made by women- or minority-owned small businesses. After reviewing the history of Sec. 1071 rulemaking (including the lawsuit that prompted the CFPB to act under a court-imposed deadline), we discuss the proposal’s key definitions and data collection req

Data 78
article thumbnail

Barclays continues to wreck credit rating with mortgage claims

TheGuardian

Despite a promise to rectify its mistake, the bank claimed six more times that a reader had paid late Three weeks ago I featured the case of CS from Norwich whose credit score had been trashed after Barclays falsely claimed he and his wife had not paid their mortgage on time for 11 months. As a result the couple had a credit card cancelled by Halifax and would have been unable to access any kind of credit as a result.

Cards 96
article thumbnail

Fintech 250 list: 3 trends, 4 fintechs to watch

BankInovation

Across an ever-widening, highly funded global field of fintechs, several major themes are emerging in the latest innovations of banking and financial services. Business analytics and market intelligence firm CB Insights whittled down a pool of more than 17,000 companies to produce its fourth annual Fintech 250 list of "most promising" private fintechs.

Fintech 98
article thumbnail

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.

article thumbnail

Banking Transformation Starts with Process Intelligence

Banking Exchange

The lines between banks and banking are blurring more and more The Economy Technology Financial Trends Retail Banking Feature3 Fintech Financial Research Feature Lines of Business Digital Mobile Online.

Trends 78
article thumbnail

NYDFS publishes notice of proposed regulation on consumer-like disclosures for commercial financing transactions

CFPB Monitor

On October 20, 2021, the New York Department of Financial Services published a notice in the New York State Register announcing that it has issued a proposed regulation to implement S 5470–B , which requires consumer-like disclosures for “commercial financing” transactions of $2.5 million or less. Comments on the proposal must be submitted by December 19, 2021.

article thumbnail

Americans paying 25% more towards car loans than 10 years ago

TheGuardian

Consumer Reports study finds many pay high annual percentage rates despite good credit scores while car loan debt soars to $1.4bn Americans with new car loans are paying about 25% more for their vehicles every month compared with a decade ago, according to a new investigation from Consumer Reports, with auto loan debt in the US now surpassing $1.4tn.

Study 93
article thumbnail

Bakkt shares triple on Mastercard, crypto service agreements

BankInovation

Bakkt Holdings Inc., the cryptocurrencies firm that spun off from Intercontinental Exchange earlier this year, tripled after it announced agreements with Mastercard Inc. and fintech firm Fiserv Inc. Gains in the stock accelerated after Bakkt said it has partnered with Fiserv, which offers financial services that allow businesses to move funds into and out of […].

article thumbnail

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.