Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

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Resources Risk Management eBook Strategy 221

PYMNTS

DECEMBER 18, 2020

The company said that malicious actors are moving away from the usual “spray and pray” strategy that entails conducting dozens or hundreds of lower-value transactions with stolen payment data, and are instead making fewer and larger attacks. Digital fraud is a longstanding issue for retailers and banks.

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Report Fraud Strategy Retail 333

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Takeaway 1 Engaging the bank or credit union loan workout team or an outside expert can help restore CRE loans in distress or mitigate their impact.

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

OCTOBER 1, 2020

It is working with more than 20 banks to develop the service, which builds on SWIFT gpi and the high-speed rails that are already powering high-value payments. SWIFT said this latest improvement is another building block for its new strategy. The service is expected to be available to all gpi financial institutions next year.

Payments 283

Payments Strategy Security Community 283

Perficient

MAY 5, 2022

Two-plus years later, banks and credit unions continue to feel the pressure to transform their credit and lending operations. IDC’s Take on Lending Digital Transformation Strategies. And for good. The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending.

Lending 354

Lending Strategy Marketing Big Data 354

Bank Innovation

APRIL 20, 2020

Melissa Stevens, chief digital officer of the 160-year-old Fifth Third Bank, is using data to advance the bank’s innovation and customer service strategy, one that hinges on being a relationship-based bank.

Data 259

Data Strategy Innovation Customer Experience 259

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. With financial transactions happening at the speed of a click, consumers and members need awareness to avoid scams. Fraud losses mount Why educate bank/credit union clients on fraud?

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Fraud Resources social media Software 195

South State Correspondent

JANUARY 17, 2024

In our last article ( HERE ), we highlighted the methodology around why banks should calculate and drive value through customer profitability and product profitability. Here, we discuss the importance of knowing bank product profitability and productivity. Both banks, for example, had about $150B in deposits. increase in M/B.

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Study Maine Analytics Capital 195

Banking Exchange

AUGUST 19, 2019

How can banks provide incredible in-branch experiences and engage deeper with their customers? Community Banking Customers Core Systems Branch Technology/ATMs Bank Performance Human Resources Feature Management Financial Trends Retail Banking The Human Element People Performance Feature3.

Strategy 74

Strategy ATM Community Bank Resources 74

PYMNTS

NOVEMBER 16, 2020

Banks have long worked to anticipate and protect against emerging tactics of cybercriminals. Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. Bank , one of the largest commercial banks in the United States. Bancorp, which is the parent company of U.S. At The Consumer Level.

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Fraud Strategy social media United States 295

PYMNTS

DECEMBER 2, 2020

This is an important milestone in our strategic ambition to help banks meet growing global demand for instant and frictionless cross-border payments,” David Watson , chief strategy officer at SWIFT, said in a statement on Wednesday (Dec. market; Lloyds Banking Group is the first to go live. Global payments routed to the U.K.

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Groups Strategy Maine Security 255

Payments Dive

NOVEMBER 19, 2019

As consumers shift to online banking, the ATM also has been impacted by the quest to go digital. Kamesh Tumsi, VP of product strategy at Fiserv card services, gives us the scoop on the digitizing of ATM transactions.

ATM 281

ATM Meeting Mobile Strategy 281

South State Correspondent

SEPTEMBER 6, 2023

However, many banks still offer just two choices, whereas if they offered three, they would increase profitability. In this article, we examine how behavioral deposit pricing works and how to use it to your bank’s advantage. When you add a third premium offering, several things happen, all of them good for banks.

Marketing 195

Marketing Marketing Strategies Analytics Strategy 195

Perficient

JANUARY 16, 2023

It was a 1970s version of a retailer offering a financial product – credit, to enable sales and, if mom didn’t pay the charge in full at the end of the month, increase profits on the transaction via charging interest. Again, a financial service – credit – had been extended at the point of purchase to facilitate the transaction. .

blockchain 275

blockchain Software Customer Experience Strategy 275

South State Correspondent

JULY 12, 2023

Some 57 financial institutions will start with FedNow, including about 42 banks (plus a handful of core systems providers and fintechs). Banks are about to win back payment flow from non-banks, and in this article, we break down how this will happen and what it means for your bank. bank accounts using RTP.

Payments 370

Payments Management Fraud Data 370

PYMNTS

SEPTEMBER 21, 2020

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed , documents submitted by banks to the U.S. trillion in suspicious transactions; J.P.Morgan followed with $514 million and Standard Chartered logged $166 million. billion in fines.

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Fraud Report System FDIC 347

Abrigo

JULY 14, 2023

Takeaway 3 What periodic monitoring of performance against strategy will provide the best gauge of whether the strategy is working? Finally, periodically assessing performance against institutional strategies creates a method for measuring success so leaders can pivot or seek more insight before plans get off track.

Strategy 195

Strategy Data Analytics Analysis 195

Abrigo

JULY 27, 2023

How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech in the banking sector. Takeaway 2 In banking, regtech can help financial institutions cut down on manual processing times and stay on top of evolving regulatory requirements. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech for banks. Takeaway 2 In banking, regtech can help financial institutions cut down on manual processing times and stay on top of evolving regulatory requirements. That’s where regtech for banks can help.

Technology 195

Technology Fraud Compliance Regulation 195

South State Correspondent

MARCH 23, 2022

If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. In December 2021, a Brazilian bank, Nubank, went public in the U.S. and became the most valuable bank in Latin America. As we broke down HERE , banks consistently underinvest in product development.

Branding 221

Branding social media Strategy Data 221

PYMNTS

JULY 14, 2020

“Organizations may have had to engage in relaxation strategies, which could inversely impact their fraud appetite, as they had to let more transactions through without reviewing them. The models handle the transactional changes brought on by the lockdown and reopening fairly easily. The risk is real.”. The risk is real.

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Fraud Meeting Strategy Operations 311

PYMNTS

JANUARY 27, 2021

The concept of embedded banking has opened up a new frontier for financial service providers to drive holistic, elevated experiences for end-users. Increasingly, businesses want the same benefits of embedded banking that consumers have. Increasingly, businesses want the same benefits of embedded banking that consumers have.

Strategy 289

Strategy Fintech National Industry 289

PYMNTS

MAY 27, 2020

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. Deep Dive: Why Banks Must Examine Customer Behaviors Across Channels. Around The FI Fraud Decisioning World.

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Fraud How To Analysis Strategy 245

PYMNTS

NOVEMBER 23, 2020

In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Under that strategy, Visa is pushing to become a “single point of access for initiating multiple transaction types” while also laying the foundation for the “secure movement of money.”.

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Fintech Regional Strategy Security 332

South State Correspondent

FEBRUARY 28, 2023

In our industry, many banks need to put more thought into the science and strategy of deposit promotions. This is, unfortunately, occurring as the number of deposit promotions is approaching a near-term high, and banks are throwing away money like an untargeted ad campaign. The same is true for deposit marketing.

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Strategy Marketing Meeting Trends 195

Abrigo

AUGUST 30, 2022

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. You might also like this webinar on commercial lending strategy. Commercial growth strategies. Knowing the why. Listen now.

Strategy 195

Strategy Lending Risk Management Analysis 195

PYMNTS

DECEMBER 29, 2020

The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. Enabling rapid-fire transactions to become the norm requires a critical mass of banks and credit unions (CUs) adopting these rails, however. About The Report.

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Payments Strategy United States Report 311

South State Correspondent

AUGUST 22, 2023

If one product is the future of banking, it is treasury management. With a competitive offering, it will be easier to attract the small business and mid-sized companies that a bank needs to fuel its core growth. This likely creates the most significant single profitability lift for any bank.

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Management Community Bank Survey Community 195

South State Correspondent

JANUARY 30, 2023

Banking schools don’t teach it, conferences don’t showcase it, and internal bank educators no longer train in the discipline. It is ironic as no other banking endeavor can build long-term franchise value like deposit gathering. The art and science of optimized deposit gathering is a declining skill set among bankers.

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Resources Training FDIC Strategy 195

South State Correspondent

SEPTEMBER 12, 2019

Payment Innovation When it comes to long-range strategic planning in banking, what to do about payments, should be in the top five considerations up there with treasury management, capital allocation, risk tolerance, and human capital. Below, we highlight our ten considerations when developing a payments strategy.

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Strategy Payments Capital National 191

Abrigo

DECEMBER 5, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." Watch webinar Takeaway 1 BSA Officers are the frontline defenders against financial crimes in banking institutions, and hiring the proper skill set for each BSA position is critical.

Training 221

Training Compliance Regulation Software 221

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. Fraud scams and bank fraud schemes resulted in $485.6 However, AML investigators identify many fraudulent transactions and patterns. download NOW Takeaway 1 Fraud losses totaled $485.6

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Fraud Training Risk Management Software 221

Gonzobanker

AUGUST 3, 2023

disrupted banks’ income on debit cards. While banks won’t immediately feel the effects that Durbin 1.0 had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025. And they don’t get incentives from brand deals when transactions route via dual message PIN.

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Cards Payments Branding ATM 147

Perficient

DECEMBER 2, 2020

“Having a Balance With a Bank Doesn’t Make You a Customer.”. Our financial services team recently spoke with the great Jim Marous, the co-publisher of The Financial Brand and the publisher of the Digital Banking Report. Having a balance with a bank doesn’t make you a customer.” But are you an ideal customer? That’s incredible!

Data 294

Data Customer Experience Case Study Branding 294

Abrigo

MAY 10, 2022

Strategies for being a better SAR writer With the volume of SARs law enforcement have to sift through, what can a BSA officer do to stand out? financial system from money laundering, terrorist financing, fraud, and other illicit financial transactions. However, transaction details can be overwhelming in large cases. Learn More.

Regulation 370

Regulation Fraud Resources Software 370

PYMNTS

APRIL 10, 2020

While this strategy can yield results, it can also create silos, hampering a bank’s ability to achieve one of the most vital goals of DX: seamless integration of operations that boost efficiency and improve the end-user experience. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

Technology 360

Technology Company Operations Payments 360

Bank Innovation

NOVEMBER 19, 2019

The Clearing House‘s real-time payments network is quickly picking up new bank partners, with Wells Fargo and HSBC joining it to support business transactions this week. Both banks’ corporate and business clients can now send and receive real-time payments through the network.

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Payments Strategy Customer Experience 170