Sat.May 08, 2021 - Fri.May 14, 2021

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Embracing Real-Time Payments

Bobsguide

The past 12 months have accelerated the trend of moving consumers away from cash and more towards digital and contactless payments. With the pandemic having blurred the lines between people’s professional and personal lives, this consumer preference has also had a similar affect in the

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Assessing Global Cash Flow Post Pandemic

Abrigo

The What, When, and How of Global Cash Flow While many institutions have already implemented global cash flow, are they using it effectively in the post-pandemic world? You might also like this webinar on assessing global cash flow. WATCH. Takeaway 1 Global cash flow can provide a more holistic lending picture as lending decisions have become more complex.

Analysis 195
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Are You Losing Good-Credit Customers to Suboptimal Debt Collection Practices?

Perficient

2020 had a significant impact on families from many perspectives. Consumers who worked extremely hard to achieve coveted top credit scores were caught off guard and ended up having to rely on their savings to stay in good standings with banks and creditors. Unfortunately, no one could predict how long the impact would last, and therefore those consumers fell into delinquency.

Analytics 436
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Market Commentary: Week of May 10, 2021

SWBC's LenderHub

Last Week: In an action-packed week, the equity markets continued the big equity rotation trade where the high-flying “Big Tech” and “Fintech Disrupter” stocks lost more ground to value stocks, such as banks. A good example of the activity could be found in two Exchange Traded Funds. Cathy Wood’s Ark Innovation (ticker: ARKK) fell 9% week-over-week, while Invesco’s ETF that tracks the KBW Bank Index (ticker: KBWB) advanced 4%, setting a new all-time high on Friday.

Marketing 148
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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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Banks: Investors need to know ESG factors to stay relevant

Bobsguide

Investors need to start ingesting ESG factors in their overall value proposition to remain relevant, according to Simone Vroegop, head of investor services strategy for Europe and Asia at Brown Brothers Harriman. “ESG has gone from a hype to the biggest revolution where virtually all.

Strategy 167

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Enabling Business Observability with AppDynamics

Cisco

The move to an all-online world has been expedited by the Covid-19 pandemic, and many companies have had to accelerate their timelines for digital transformation dramatically. The impact of the pandemic has been felt across every industry in a way that no-one could have predicted. For financial services, this meant unforeseen challenges and significant disruption.

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Questions to Ask Before Vendor Contract Negotiations

Gonzobanker

Successful contract negotiators know when to hold ’em and when to fold ’em. While there is clearly a need for financial institutions to approach vendor agreements armed with tactical knowledge and supporting analytics, there is no substitute for employing methodical action throughout the entire contract negotiation process. In the end, when it comes down to dollars and cents, a little common sense and a lot of shrewd intuition will go a long way.

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Google steps into the banking sector

Bobsguide

Google’s head of retail banking, Zac Maufe, confirmed the tech giant is stepping into the banking sector. “We're really excited because we think that there are so many technologies and capabilities that Google has to offer that can be brought into the financial services space and.

Google 137
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The consumption response to borrowing constraints in the mortgage market

BankUnderground

Belinda Tracey and Neeltje van Horen. How is household consumption affected by borrowing constraints in the mortgage market? In a new paper , we answer this question by studying the UK’s Help to Buy (HTB) program over the period 2014–16. The program facilitated home purchases with only a 5% down payment and resulted in a sharp relaxation of the down-payment constraint.

Marketing 116
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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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US Bankers Optimistic Despite Post-Pandemic Changes

Banking Exchange

Nearly two thirds believe their bank to be in a strong position, survey shows Risk Management Retail Banking Technology Feature3 Financial Research Feature Financial Trends The Economy Covid19 PPP Online Mobile.

US 97
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Goldman Sachs executive quits after making millions from Dogecoin

TheGuardian

The crypto asset is down more than 30% this week but is still up by more than 1,000% from the start of 2021 A senior manager at Goldman Sachs in London has quit the US investment bank after making millions from investing in Dogecoin, the joke crypto asset which has risen by more than 1,000% in value this year. City sources said Aziz McMahon, a managing director and head of emerging market sales, had resigned from the bank after making money from investing in the digital currency based on the Dog

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Bailey: Combination of reforms needed to tackle â??dangerousâ?? money market funds

Bobsguide

Bank of England governor Andrew Bailey has said that money market funds (MMFs) proved in the early stages of the pandemic that they were “not sufficiently resilient” That is despite efforts to increase the stability of MMFs after their involvement in the demise of Lehman Brothers and.

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The Jack Henry Approach to Openness

Jack Henry

About two years ago, I sent a letter to bank and credit union CEOs and Presidents conveying what open banking is and what it means to Jack Henry. Since that time, the demand for improved digital experiences, centered around the needs of customers and members, has made open banking essential. In today’s market, people aren’t just comparing financial institutions when making decisions on where to bank – they’re comparing experiences.

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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.

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KeyBank ramps up RPA ops

BankInovation

Improved data quality and cost savings have spurred KeyBank to roll out robotic process automation (RPA) in its frontline, back office and technology operations recently. KeyBank first implemented RPA solutions via the cloud-native, web-based and AI-infused Automation Anywhere platform in 2018, said Dominic Cugini, chief information officer of service digitization at the $170 billion KeyBank, […].

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‘It was appalling’: man sees fraudsters emptying account – but can’t stop them

TheGuardian

After the victim was left on hold and cut off, the bank told him it was up to him to try to recover the money A business manager has described watching helplessly as fraudsters emptied his current account, even as he desperately tried to get through to someone at his bank to stop the theft. Alerted by a text from Lloyds bank last month warning him that a £4,100 payment was leaving his current account, Adrian Giles* leapt into action and immediately called to halt it.

Fraud 99
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Kalifa, Crosswell: UK must harness and develop resources

Bobsguide

The UK government must prioritise the protection and expansion of the country’s fintech markets, according to Ron Kalifa and Charlotte Crosswell, co-authors of the Kalifa Review. “It’s about domestic capital,” said Kalifa, who has speaking today at bobsguide’s west.

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More US Businesses ‘Open to Switching Banks’: Survey

Banking Exchange

Small and medium sized businesses unhappy with support from banking partners, according to research Community Banking Feature3 Feature Financial Trends Retail Banking PPP Covid19.

Survey 78
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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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FIS and NYDIG roll out mobile banking for Bitcoin via traditional bank accounts

BankInovation

Technology solutions provider FIS is set to roll out a mobile banking solution that enables banks to give their customers the ability to buy, sell and hold Bitcoin within their traditional bank accounts. FIS Digital One is a user-friendly interface that connects consumers seamlessly in-app with Bitcoin trading. Under a recently signed agreement with the […].

Bitcoin 98
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Greetings from the new editor

ATM Marketplace

As the new editor of ATM Marketplace, I would like to offer my sincerest greetings. My name is Bradley Cooper.

ATM 108
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CFPB Issues Report on Consumer Use of Alternative Financial Services

CFPB Monitor

As part of its Making Ends Meet survey, the CFPB issued a report last week on how consumers use payday, auto title, and pawn loans (“alternative financial services” or “AFS”) and the other sources of credit available to them. Consumers surveyed include only those with a traditional credit record and the sampling focused on consumers with lower credit scores, recent credit delinquencies, or living in rural areas.

Report 78
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Excess Liquidity, Low Rates, and Branching. My Answers to Jeff Davis' Questions

Jeff For Banks

S&P Global Market Intelligence Principal Analyst Nathan Stovall recently interviewed Mercer Capital's Jeff Davis on the Street Talk podcast regarding the thorny banking issues of the liquidity glut, persistently (or perpetually?) low rates, and the branch costs millstone. I highlight Jeff's comments, and offer some solutions in this video blog. Enjoy!

Video 78
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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.

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Banks turn to RPA to automate collections, compliance and core conversions

BankInovation

Banks are turning to robotic process automation (RPA) to automate collections, make core transitions and help with fraud and anti-money laundering compliance (AML) this year. Banks are automating loan collections because they’re anticipating a wave of loan defaults as COVID-related restrictions on collections expire, said Amit Kumar, vice president of financial services at RPA provider […].

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How to Optimize Your Commercial Services Portfolio

Jack Henry

When it comes to optimizing your bank’s commercial services portfolio, where do you even begin? Imagine this scenario – you are the Treasury Officer at your local community bank attending the weekly management meeting. Some open conversation about the existing commercial market space starts to take shape and the questions start coming your way.

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Wells Fargo set for FedNow pilot testing

Bobsguide

Wells Fargo is ready to pilot the Federal Reserve’s new instant payments service, FedNow, which is expected to launch in 2023. Speaking at this year’s Finovate Spring, Braden More, executive vice president and head of partnerships and industry relations at Wells Fargo said he hopes.

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Durbin interchange battles resurface

CFPB Monitor

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. Nearly ten years later, the final rule is still provoking controversy in the form of a new lawsuit and proposed amendments to the rule and its official commentary. The Durbin Amendment (Section 1075 of Dodd-Frank) authorized the Fed to issue regulations to ensure that the amount of any interchange fee received by a large debit card issuer (one with at least $10 billion of assets, together wi

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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.