Accenture
SEPTEMBER 16, 2021
Key themes Purchase volume has continued to exhibit a strong rebound (up 20%+ QoQ for all issuers) and has largely returned to pre-pandemic levels; American Express, in particular, points to a healthy return of T&E spend as a growth driver. YoY purchase volume growth was substantial given that Q2 2020 was the height of the…. The post Q2 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog.
Abrigo
SEPTEMBER 13, 2021
Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. You might also like this webinar: "The Basics of Consumer Lending." WATCH. Banking Data. Summary of the Latest FDIC Quarterly Profile. Takeaway 1 Nearly two-thirds of banks actually reported higher net interest income, but aggregate net interest income fell.
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Jack Henry
SEPTEMBER 16, 2021
Heidi Kassab, CEO of Cornerstone Community Financial (CCF) in Michigan, wasn’t thinking about a global pandemic when she decided to implement a secure, augmented chat solution. In fact, she wasn’t sure why her digital banking provider was so focused on building the new technology back in 2018. “[Ben Metz] told me about this new plan, and I just looked at him and said, ‘Are you crazy?
SWBC's LenderHub
SEPTEMBER 15, 2021
Last week, Bank of America Corp.’s head of U.S. equity and quantitative strategy, Savita Subramanian, said something very interesting about the S&P 500: “The S&P 500 has essentially turned into a 36-year, zero-coupon bond,” Subramanian said in an interview on Bloomberg TV’s Surveillance. “If you look at the duration of the market today, it’s basically longer duration than it’s ever been.
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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
Accenture
SEPTEMBER 17, 2021
The COVID-19 pandemic upended people all around the globe, causing many to re-evaluate aspects of their life, including their relationship with banks. During such a difficult period, many customers are asking their banks to show a deeper understanding of their particular financial and emotional situation, which is the core of what we call empathetic banking.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
SEPTEMBER 17, 2021
President Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sector The crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Jinping’s effort to reform the debt-ridden behemoths of the Chinese economy. It could also be the most significant test that China’s financial system has faced in many years.
BankBazaar
SEPTEMBER 15, 2021
Have you lost your Credit Card? Don’t panic. We’re here to help you act quickly before it can hamper your finances. To be honest, a Credit Card is quite easy to lose. After all, it’s a tiny plastic card that is easy to overlook. However, losing your plastic buddy may be nothing short of a nightmare. If you’ve lost your Credit Card recently, this article is for you.
BankUnderground
SEPTEMBER 16, 2021
Barry Eichengreen. The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. This guest post by Barry Eichengreen, Professor of Economics and Political Science at the University of California Berkley, is based on material included in his keynote address at the conference. Learning from history is hard. At central banks, it can be hard to draw policymakers’ attention to historical evidence.
ATM Marketplace
SEPTEMBER 17, 2021
On Aug. 15, a man in Manhattan simply withdrawing cash was attacked by another man with a hatchet. This event reveals the importance of using innovative security solutions to keep guests safe.
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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
BankInovation
SEPTEMBER 13, 2021
Banks have made substantial investments to make their businesses more resilient, which helped many withstand the worst impacts of the pandemic. But the transition to digital strategies and processes still rates as a big risk, ranking fourth in a recent EY survey of bank chief risk officers. Only credit, cybersecurity and climate-change risk ranked higher, EY […].
Banking Exchange
SEPTEMBER 17, 2021
The digital engine for a business bank that leads with a personal relationship focus requires a different mindset Technology Financial Trends Feature Feature3 Digital Fintech Customers Commercial.
CFPB Monitor
SEPTEMBER 16, 2021
The two trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule have filed an appeal with the Fifth Circuit from the Texas federal district court’s final judgment granting the CFPB’s summary judgment motion and staying the compliance date for the payment provisions until 286 days after August 31, 2021.
ATM Marketplace
SEPTEMBER 14, 2021
Banks often have issues finding the right mixture of both technology and the human touch to reach customers. A panel at the Bank Customer Experience Summit addressed how banks can find the right combination of high tech and the human touch by using lessons from both Hollywood and Truist.
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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.
BankInovation
SEPTEMBER 13, 2021
As the pace of automation innovations accelerates, Charlotte, N.C.-based Bank of America is partnering with the Indian Institute of Management Ahmedabad (IIMA) — India’s premier global management school — to launch the Centre for Digital Transformation. The Centre, launched August 26, aspires to become a vibrant knowledge hub for academia, policymaking and the private sector […].
SWBC's LenderHub
SEPTEMBER 13, 2021
Last Week. It was a tough week for stocks as the S&P 500 fell every day of the holiday-shortened trading week. The drumbeat of Wall Street equity analysts and strategists calling for a chilly fourth quarter got louder and louder as the week went on. With COVID-19 once again on the rampage, global economic forecasts—as well as actual data—seem to be telling a gloomy story.
CFPB Monitor
SEPTEMBER 14, 2021
Last week, the Federal Reserve Board published a paper on partnerships between community banks and fintech companies, “Community Bank Access to Innovation through Partnerships.” The Fed’s publication of the paper is another indication of the increased attention that regulators are paying to bank relationships with fintechs. It follows the publication at the end of last month of a guide by the Fed, OCC, and FDIC that is intended to assist community banks in conducting due diligence when conside
BankDeals
SEPTEMBER 11, 2021
Santander Bank is currently offering a $400 bonus when opening a new Select Checking account. Available in CT, DE, MA, NH, NJ, NY, PA, RI, and portions of FL.
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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.
BankInovation
SEPTEMBER 16, 2021
Banks of all levels, from large global firms to credit unions and challenger banks, are expressing interest in modernizing their core, Temenos Americas President Jacqueline White tells Bank Automation News in this week’s episode of “The Buzz” podcast. The reason varies, but core technology is aging, and with it the employees who can code in […].
SWBC's LenderHub
SEPTEMBER 13, 2021
We’ve all heard the term user experience (UX) a lot in recent years, but what does UX actually mean for financial institutions and their digital payments platforms ? In this blog post, we’ll let you know why UX design should be a vital part of your digital strategy. We’ll also discuss the top three factors that can make or break your borrowers’ digital payments experience.
Perficient
SEPTEMBER 15, 2021
Section 165(a) of the Dodd-Frank Act requires the Federal Reserve to establish “enhanced supervision and prudential standards” for bank holding companies with more than $50 billion assets. This scrutiny level is stronger than the standards applicable to smaller institutions and increases based on a bank holding company’s unique riskiness. A. Standards the Federal Reserve Must Apply: (i) Risk-based Capital Requirements and Leverage Limits.
Banking Exchange
SEPTEMBER 15, 2021
CEO Brian Moynihan is to lead the bank’s most diverse management team in history Management Feature Human Resources Financial Trends Feature3 Diversity.
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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.
BankInovation
SEPTEMBER 14, 2021
Banks looking to custom build their own environmental, social and corporate governance (ESG) solutions must determine which data sets to use as they build out their ESG platforms. A wide range of datasets exists that measure ESG both broadly and minutely — so choosing the right dataset makes a difference. Global IT research consultants the […].
CB Insights
SEPTEMBER 14, 2021
In 2021 so far, fintech companies in Europe have already eclipsed 2020’s full-year funding totals. Our Europe-based fintech funding update digs into the deals driving funding activity across the continent and looks at key trends across sectors including payments, banking, insurance, services for small- and medium-sized businesses (SMBs), and more. get the full report.
The Paypers
SEPTEMBER 17, 2021
JPMorgan Chase has announced it will open its first overseas retail bank, with the launch of a digital-only lender that aims to upend the UK banking market.
Banking Exchange
SEPTEMBER 15, 2021
Community bank-focused document is designed to guide companies through the innovation process Community Banking Feature3 Feature M&A Management.
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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