Jack Henry
APRIL 1, 2021
This post was co-authored by Pat True and Susan Griffin. It’s still too early to tell how many small businesses will survive the events of 2020 and 2021. A recent study of small firms by McKinsey and Company estimated that as many as 1.5 million of the 31 million small businesses could fail as a result of the pandemic and the ensuing economic challenges.
Payments Source
MARCH 30, 2021
The Justice Department's probe of Visa highlights whether merchants are properly equipped to adapt to the cost of debit spending as more commerce goes digital. ]]. Compliance Debit cards DoJ Visa
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Accenture
MARCH 30, 2021
Undoubtably, 2020 was a year of massive upheaval that put an increased spotlight on the state of digital transformation across industries around the globe.
Perficient
APRIL 2, 2021
Background: The five federal financial regulatory agencies are gathering insight on financial institutions’ use of artificial intelligence (AI) and machine learning (ML). The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the.
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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
Bobsguide
MARCH 31, 2021
Accessibility, convenience and transparency are key in the push for consumer adoption of digital payments and financial services, with both bank and non-bank financial institutions expanding their offerings, a panel of experts said at the BIS Innovation Summit on Tuesday. “First is.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
MARCH 30, 2021
The COVID-19 pandemic has driven a rapid uptake of digital banking around the world. The incredible speed of the adoption has rewritten some of the fundamentals of the industry, including how consumers behave and what they expect from banks in 2021. Our latest Global Banking Consumer Study, drawing on input from more than 47,000 consumers…. The post The personalities driving today’s banking consumers appeared first on Accenture Banking Blog.
SWBC's LenderHub
MARCH 29, 2021
Last Week: Last week saw the resumption of the rotation trade in equities as large-cap value stocks outperformed small-cap and growth stocks. The Treasury market survived another supply deluge as the Treasury auctioned off approximately $180 billion in debt (two-year, five-year, and seven-year).
Bobsguide
MARCH 29, 2021
The receivables finance industry is particularly at risk from corporate fraud with many concerned about the possible disincentivising impact that increased invoice finance fraud might have on lenders at a time when businesses need their support more than ever. Fortunately, and largely owing to.
Payments Source
MARCH 28, 2021
Payments technology has advanced quickly in the past decade because newcomers in the industry have operated fully, or at least partially, in the cloud. ]].
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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
Accenture
APRIL 2, 2021
In my previous post in this ongoing series of blogs on the journey to cloud, I looked at how your organisation can start off on the right foot with cloud architecture. With the architecture defined and in place, one of the key next steps is to set up a cloud centre of excellence (COE) to…. The post Scaling the Cloud through a Well-Designed COE appeared first on Accenture Banking Blog.
Banking Exchange
APRIL 2, 2021
National and global banks prove popular as consumers reassess their banking partners post-pandemic, according to research Retail Banking Financial Trends Feature Lines of Business Feature3 Customers Online Community Banking PPP Covid19.
ATM Marketplace
MARCH 29, 2021
Brutal force attacks on ATMs are on the rise, and often with explosives, with news of these attacks publicized on an almost daily basis. Along with logical attacks are malware and specialist electronics that gain control of the ATM and access to customer data and funds.
Payments Source
MARCH 29, 2021
Large U.S. banks are directing their venture capital dollars to fintechs in capital markets, wealth management and "future-proofing." ]].
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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.
Accenture
MARCH 30, 2021
Canadian banks appear to be facing a paradox. The COVID-19 pandemic has kicked the uptake of digital banking into hyperdrive. Fifty percent of consumers now interact with their bank through mobile apps or websites at least once a week, compared to 32 percent in 2018. While this acceleration of digital interaction can drive cost efficiency,…. The post Five principles for Canadian banks wanting to build human connections in a digital age appeared first on Accenture Banking Blog.
Banking Exchange
MARCH 29, 2021
Billie Jean King Joins First Women's Bank in Effort to Close the Gender Gap when it comes to Access to Capital Community Banking Socially Responsible Investing SRI Women SMEs Feature Financial Trends Feature3.
Independent Banker
APRIL 1, 2021
Photo by Robert Severi. Unlike our credit union counterparts, we pay taxes, and those tax dollars are spent at home to ensure our communities grow. The more things change, the more they remain the same. As we kick off Community Banking Month, I can’t help but reflect on that statement and the changes of this past year. While we have been challenged far beyond our wildest dreams, community banks have stayed the course in keeping the focus on our communities.
Payments Source
MARCH 30, 2021
Visa has expanded its push payments platform to enable businesses and their customers to make real-time domestic and cross-border payments. ]].
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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.
Accenture
MARCH 28, 2021
Digital transformation is a difficult and complex undertaking for auto and equipment finance organizations. Because they’re conducting business in an evolving, highly competitive market with ever-increasing stakeholder expectations, many lenders and lessors see a transformation journey as an overwhelming challenge—one to be put off for another day. But we believe it’s a critical initiative for….
SWBC's LenderHub
APRIL 1, 2021
Have you ever asked yourself why people do business with your financial institution? When I ask our clients that question, the answers I get are usually: “We offer low rates on loans and higher rates for savings”. “We give exceptional service”. “We’re easy to do business with, have online and mobile banking, and offer free checking”.
Bobsguide
MARCH 29, 2021
Not only have the operational challenges of remote working and market volatility stretched reporting teams to their limit since the beginning of the pandemic, financial institutions are expected to ‘do more with less’ whilst still complying with complex regulatory demands and operating.
Payments Source
MARCH 29, 2021
The minor league team is opening a new stadium and year round market with checkout-free concessions, part of a broader trend at sports facilities to dump paper, plastic and lines. ]].
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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.
Accenture
MARCH 29, 2021
Canadian banks appear to be facing a paradox. The COVID-19 pandemic has kicked the uptake of digital banking into hyperdrive. Fifty percent of consumers now interact with their bank through mobile apps or websites at least once a week, compared to 32 percent in 2018. While this acceleration of digital interaction can drive cost efficiency,…. The post Five principles for Canadian banks wanting to build human connections in a digital age appeared first on Accenture Banking Blog.
ATM Marketplace
MARCH 30, 2021
Jason DeJong is a senior solutions architect with Technologent with over 20 years of IT experience primarily focused on information security and risk management. DeJong shares his experience, knowledge and thoughts on the security issue of DeepFakes.
ABA Community Banking
MARCH 31, 2021
When the coronavirus pandemic began, Craft Bank was just about to begin its capital raise as a de novo community bank in Atlanta. With its roadshow about to begin, CEO Ross Mynatt and his small team threw out the playbook and began pivoting. The post Podcast: Crafting a New Bank Amid COVID-19 appeared first on ABA Banking Journal.
Bobsguide
APRIL 1, 2021
Hedge funds are increasingly looking to high-tech, quantitative methods to beat the competition, which in turn is changing how tech vendors place themselves within the financial ecosystem according to market participants. “Whilst we do use some vendor systems, a lot of what we do that give.
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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