Expert insights. Personalized for you.
An old-school cost analysis will do, according to Michael Read More. Banks have been fairly active in tapping into new technologies recently, either through partnerships or with internal innovation groups. But with the rapid acceleration of the fintech space, how should banks decide if a new space or tech is worth pursuing? Corporate Innovations Mobile Operations Technology Wealth Management Ally Financial innovation new tech robos TradeKing MORE
In the latest update from ABA’s banker-led Core Platforms Committee, ABA today shared information it has received from four major core processors as well as an analysis of the cores’ responses by bankers on the committee. MORE
The addition of data from Global Credit Data will enhance that risk analysis and visibility for financial institutions (FIs) ahead of the release of the next Trade Register report, expected early next year. “This agreement with GCD, which is at the forefront of data collection and analysis, will allow us to further develop and evolve the ICC Trade Register as the go-to source for quality and trusted data, which can be used for robust analysis.” MORE
Merchants with multiple Square accounts will have a new app designed to help analyze business data and trends through Square's partnership with business management company Domo. Mobile point-of-sale Payment processing Alternative acquirers Square MORE
However, it is important for institutions to remain disciplined during this growth, all the way down to the global cash flow analysis of a loan. Credit analysis is more challenging with complex borrowers – those with multiple people, businesses, real estate properties, etc. – and a global cash flow analysis is required to properly assess the creditworthiness of the whole entity. Unfortunately, applying a global cash flow analysis isn’t always easy. MORE
Banking Risk Fraud Payment processing MORE
Recent Federal Reserve data indicates that 61 percent of U.S. adults do not have $400 in savings on hand to cover unexpected expenses. That reflects a steady increase from 2013’s measure — 50 percent — and indicates that many Americans may need loans to deal with financial disruptions like medical emergencies or vehicle repairs. . Faster payment services could help such consumers get much-needed funds, as long as lenders can access equally fast underwriting tools. MORE
This analysis should consider the purpose of accounts, actual or anticipated number and type of transaction activity in accounts, the nature of a customer’s business or occupation, a customer’s location and the types of products and services he or she uses. Two steps to help manage for Bank Secrecy Act compliance. By Jim Deitch. Time and again, banks struggle with complying with the data-intensive requirements of the Bank Secrecy Act. How can a bank get this area of compliance right? MORE
If we did, would we continue to offer Analysis Checking or some variation of it? Because of Reg Q, in place for over 80 years, banks created Business Analysis Checking, where a business earns credits to offset fees based on their balances. See a Union Bank of Richmond, VA description of a typical Business Analysis Checking account. And because highlighting a problem without proposing a solution is whining, I propose the JFB Alternative to Business Checking Analysis. MORE
A year ago we wrote “not that many InsuranceTech startups – yet”. We found 11 ventures. People added 4 more in comments, exciting ventures that we went on to profile – making 15 total. A year is an eon in startup land. Today we found over 150. That is Read More. Newswire InsurTech MORE
Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful. MORE
Also, the release will offer the Intelligent Award Navigator (IAN), which the press release says is an extension of JAGGAER's Source Optimizer, and which will help with analysis in sourcing of categories like transportation, MRO, facility services, packaging and warehousing. MORE
The post FDIC Analysis Examines Community Bank Economies of Scale appeared first on ABA Banking Journal. The FDIC today released a new staff study highlighting how economies of scale developed at community banks (those with $10 billion or less in assets) between 2000 and 2019. MORE
Making sense of massive amounts of unstructured data from news and other sources is complicated, but artificial intelligence can be leveraged to process large datasets to make intelligent predictions. In September 2017, Amazon announced that they had issued a request for proposals (RFPs) across Canada, Mexico and the U.S. to establish a second headquarters to […]. Artificial Intelligence Sponsored MORE
In response to shifting market dynamics and increasing competition in the financial services industry, the Federal Reserve is contemplating changes to its framework for antitrust analysis, Fed Governor Michelle Bowman told attendees at the American Bankers Association’s virtual Conference for Community Bankers today. The post Bowman: Fed to Revisit Framework for Antitrust Analysis appeared first on ABA Banking Journal. MORE
A security analysis of 107 banking apps released last week has found security flaws in 88 percent of the apps — some of which might be avoided through automation. MORE
Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. MORE
According to Sageworks whitepaper, “ The Basics of Vintage Analysis ,” vintage analysis accounts for expected losses by allowing an institution to calculate the cumulative loss rates of a given loan pool and in so doing, to determine that loan pool’s lifetime expected loss experience. Vintage analysis is a method of evaluating the credit quality of a loan portfolio by analyzing net charge-offs in a homogeneous loan pool where the loans share the same origination period. MORE
Now in its 13th year, ATM Marketplace and KAL ATM Software have partnered once again to publish the ATM industry's most influential and insightful annual guide. Of course, 2020 has been a year like no other, and the guide is set to prove more invaluable than ever MORE
Supply chain and procurement optimization solution provider LevaData is collaborating with IBM to augment its data analytics capabilities, the firms said in a Thursday (Oct. 17) press release. Together the companies are rolling out the DirectSpend IQ solution, which deploys IBM managed services solutions with LevaData’s Cognitive Sourcing Platform. MORE
Vintage analysis is an allowance for loan lease losses (ALLL) calculation methodology that has been suggested as being the new minimum standard for CECL compliance. If you are interested in an introduction to Vintage Analysis before looking at how it’s applied, read CECL methodology – introduction to vintage analysis. The table below illustrates the usefulness of vintage analysis as a forecasting tool. MORE
Stopping such fraud can be a tall order, Boyer said, but machine learning (ML) and rules-based analysis can do their parts to bring it to heel. ML also plays a role in fraud analysis, but Boyer said banks must account for its limitations. MORE
According to Scott Marcus, senior fellow at think tank Bruegal, the House of Representatives antitrust subcommittee’s report on bigtech mergers highlights crucial structural issues, but falls short in justifying its claims. The report - an investigation of competition in digital markets MORE
In the current interest rate environment, the pension funds and insurance firms’ appetite for credit-augmented market risk analysis is understandable. How can risk managers, treasury and ALM teams consistently act upon insights they can gain from integrated market and credit risk analysis? Many investors appreciate occasional bond rallies throughout their financial year. They may not all welcome the ongoing presence of low long interest rates as much (see Fig. MORE
San Francisco-based DocuSign has invested $15 million in Seal Software , a contract discovery and analysis startup, to help with the development of artificial intelligence (AI) that can read and analyze contracts, according to reports. We are thrilled by DocuSign’s confidence in Seal Software as a partner and now as a strategic investor, as we build the next generation of agreement discovery and analysis tools using artificial intelligence,” said Co-founder and CEO Ulf Zetterberg. MORE
As a result, Theresa May is trying to keep the Conservative Party … The post Want a decent analysis of #Brexit from an EU view? Another key theme of the weekend conference was Brexit, best summed up by one panellist as a decision made by a confused population about an issue their politicians can’t agree with, don’t want to implement and has no support. appeared first on Chris Skinner's blog. Brexit Grid MORE
The post XBRL News: risk disclosures, RegTech and analysis software certification appeared first on Daily Fintech. Here is our pick of the 3 most important XBRL news stories this week. MORE
Bitcoin BCH bitcoin Bitcoin Cash Blockchain blockchain phone crypto data analysis exodus HTC Neufund News Parsiq Retail Spencer Dinwiddie tokens What's HotHTC has announced it is partnering with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone, which will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update. Bitcoin.com will also sell the Exodus 1 and all future versions. MORE
The post Avoid the stock market casino by doing real company analysis appeared first on Daily Fintech. Fred Schwed was a professional trader who wrote Where Are the Customers’ Yachts? after losing a bundle in the 1929 stock market crash. MORE
To manage the organizational data effectively, it is recommended to conduct some form of data analysis to assess the current state, make informed decisions to streamline that data and help the growth of the business. For more information on data analysis, contact our experts today. MORE
The basics of commercial credit analysis Learn the foundations of credit analysis, including key data analysis strategies and best practices. . For more information on the basics of credit analysis, check out this webinar: WATCH NOW. Credit Analysis Training. MORE
In this month’s Feature Story, PYMNTS spoke with Max von Both , senior vice president of compliance at payments provider Paysafe , about why cybersecurity teams must fight fraud and money laundering together using real-time transaction analysis. MORE
Therefore repayment analysis needs to be based on unrestricted funds.” Using a streamlined credit analysis for nonprofit borrowers can help provide loan officers with a more accurate assessment of creditworthiness and can consistently measure and document the risk in the borrower. Having a streamlined credit analysis process for nonprofits ensures that the bank can make safe loans while the nonprofits can continue their mission with support from the community bank. MORE
Analysis Related Topics Abrigo
MARCH 3, 2021
The basics of commercial credit analysis Learn the foundations of credit analysis, including key data analysis strategies and best practices. . For more information on the basics of credit analysis, check out this webinar: WATCH NOW. Credit Analysis Training.
Chris Skinner
APRIL 9, 2019
As a result, Theresa May is trying to keep the Conservative Party … The post Want a decent analysis of #Brexit from an EU view? Another key theme of the weekend conference was Brexit, best summed up by one panellist as a decision made by a confused population about an issue their politicians can’t agree with, don’t want to implement and has no support. appeared first on Chris Skinner's blog. Brexit Grid
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PYMNTS
APRIL 13, 2021
In this month’s Feature Story, PYMNTS spoke with Max von Both , senior vice president of compliance at payments provider Paysafe , about why cybersecurity teams must fight fraud and money laundering together using real-time transaction analysis.
Payments Source
APRIL 19, 2021
Banking Risk Fraud Payment processing
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This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.
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PYMNTS
NOVEMBER 23, 2020
Also, the release will offer the Intelligent Award Navigator (IAN), which the press release says is an extension of JAGGAER's Source Optimizer, and which will help with analysis in sourcing of categories like transportation, MRO, facility services, packaging and warehousing.
PYMNTS
MARCH 28, 2019
San Francisco-based DocuSign has invested $15 million in Seal Software , a contract discovery and analysis startup, to help with the development of artificial intelligence (AI) that can read and analyze contracts, according to reports. We are thrilled by DocuSign’s confidence in Seal Software as a partner and now as a strategic investor, as we build the next generation of agreement discovery and analysis tools using artificial intelligence,” said Co-founder and CEO Ulf Zetterberg.
BankInovation
APRIL 5, 2021
A security analysis of 107 banking apps released last week has found security flaws in 88 percent of the apps — some of which might be avoided through automation.
Daily Fintech
OCTOBER 5, 2020
The post Avoid the stock market casino by doing real company analysis appeared first on Daily Fintech. Fred Schwed was a professional trader who wrote Where Are the Customers’ Yachts? after losing a bundle in the 1929 stock market crash.
PYMNTS
JUNE 25, 2020
” The different cases presented in the analysis included a U-shaped recession and recovery, a W-shaped double-dip recession, and a V-shaped recession and recovery.
Advertiser: ZoomInfo
Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.
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Daily Fintech
SEPTEMBER 3, 2020
The post XBRL News: risk disclosures, RegTech and analysis software certification appeared first on Daily Fintech. Here is our pick of the 3 most important XBRL news stories this week.
Abrigo
FEBRUARY 16, 2017
Vintage analysis is an allowance for loan lease losses (ALLL) calculation methodology that has been suggested as being the new minimum standard for CECL compliance. If you are interested in an introduction to Vintage Analysis before looking at how it’s applied, read CECL methodology – introduction to vintage analysis. The table below illustrates the usefulness of vintage analysis as a forecasting tool.
PYMNTS
JULY 10, 2020
Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful.
PYMNTS
DECEMBER 30, 2020
Stopping such fraud can be a tall order, Boyer said, but machine learning (ML) and rules-based analysis can do their parts to bring it to heel. ML also plays a role in fraud analysis, but Boyer said banks must account for its limitations.
Bobsguide
OCTOBER 13, 2020
According to Scott Marcus, senior fellow at think tank Bruegal, the House of Representatives antitrust subcommittee’s report on bigtech mergers highlights crucial structural issues, but falls short in justifying its claims. The report - an investigation of competition in digital markets
Bank Innovation
FEBRUARY 10, 2017
An old-school cost analysis will do, according to Michael Read More. Banks have been fairly active in tapping into new technologies recently, either through partnerships or with internal innovation groups. But with the rapid acceleration of the fintech space, how should banks decide if a new space or tech is worth pursuing? Corporate Innovations Mobile Operations Technology Wealth Management Ally Financial innovation new tech robos TradeKing
ABA Community Banking
DECEMBER 9, 2020
The post FDIC Analysis Examines Community Bank Economies of Scale appeared first on ABA Banking Journal. The FDIC today released a new staff study highlighting how economies of scale developed at community banks (those with $10 billion or less in assets) between 2000 and 2019.
PYMNTS
SEPTEMBER 17, 2019
Bitcoin BCH bitcoin Bitcoin Cash Blockchain blockchain phone crypto data analysis exodus HTC Neufund News Parsiq Retail Spencer Dinwiddie tokens What's HotHTC has announced it is partnering with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone, which will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update. Bitcoin.com will also sell the Exodus 1 and all future versions.
ABA Community Banking
FEBRUARY 10, 2020
In the latest update from ABA’s banker-led Core Platforms Committee, ABA today shared information it has received from four major core processors as well as an analysis of the cores’ responses by bankers on the committee.
Abrigo
FEBRUARY 1, 2017
According to Sageworks whitepaper, “ The Basics of Vintage Analysis ,” vintage analysis accounts for expected losses by allowing an institution to calculate the cumulative loss rates of a given loan pool and in so doing, to determine that loan pool’s lifetime expected loss experience. Vintage analysis is a method of evaluating the credit quality of a loan portfolio by analyzing net charge-offs in a homogeneous loan pool where the loans share the same origination period.
Perficient
DECEMBER 14, 2020
To manage the organizational data effectively, it is recommended to conduct some form of data analysis to assess the current state, make informed decisions to streamline that data and help the growth of the business. For more information on data analysis, contact our experts today.
ABA Community Banking
FEBRUARY 16, 2021
In response to shifting market dynamics and increasing competition in the financial services industry, the Federal Reserve is contemplating changes to its framework for antitrust analysis, Fed Governor Michelle Bowman told attendees at the American Bankers Association’s virtual Conference for Community Bankers today. The post Bowman: Fed to Revisit Framework for Antitrust Analysis appeared first on ABA Banking Journal.
ATM Marketplace
SEPTEMBER 8, 2020
Now in its 13th year, ATM Marketplace and KAL ATM Software have partnered once again to publish the ATM industry's most influential and insightful annual guide. Of course, 2020 has been a year like no other, and the guide is set to prove more invaluable than ever
Abrigo
NOVEMBER 12, 2014
However, it is important for institutions to remain disciplined during this growth, all the way down to the global cash flow analysis of a loan. Credit analysis is more challenging with complex borrowers – those with multiple people, businesses, real estate properties, etc. – and a global cash flow analysis is required to properly assess the creditworthiness of the whole entity. Unfortunately, applying a global cash flow analysis isn’t always easy.
Jeff For Banks
DECEMBER 4, 2017
If we did, would we continue to offer Analysis Checking or some variation of it? Because of Reg Q, in place for over 80 years, banks created Business Analysis Checking, where a business earns credits to offset fees based on their balances. See a Union Bank of Richmond, VA description of a typical Business Analysis Checking account. And because highlighting a problem without proposing a solution is whining, I propose the JFB Alternative to Business Checking Analysis.
PYMNTS
OCTOBER 8, 2018
The addition of data from Global Credit Data will enhance that risk analysis and visibility for financial institutions (FIs) ahead of the release of the next Trade Register report, expected early next year. “This agreement with GCD, which is at the forefront of data collection and analysis, will allow us to further develop and evolve the ICC Trade Register as the go-to source for quality and trusted data, which can be used for robust analysis.”
PYMNTS
NOVEMBER 18, 2019
Recent Federal Reserve data indicates that 61 percent of U.S. adults do not have $400 in savings on hand to cover unexpected expenses. That reflects a steady increase from 2013’s measure — 50 percent — and indicates that many Americans may need loans to deal with financial disruptions like medical emergencies or vehicle repairs. . Faster payment services could help such consumers get much-needed funds, as long as lenders can access equally fast underwriting tools.
Bank Innovation
APRIL 27, 2016
A year ago we wrote “not that many InsuranceTech startups – yet”. We found 11 ventures. People added 4 more in comments, exciting ventures that we went on to profile – making 15 total. A year is an eon in startup land. Today we found over 150. That is Read More. Newswire InsurTech
Payments Source
OCTOBER 10, 2019
Merchants with multiple Square accounts will have a new app designed to help analyze business data and trends through Square's partnership with business management company Domo. Mobile point-of-sale Payment processing Alternative acquirers Square
Abrigo
FEBRUARY 16, 2016
Therefore repayment analysis needs to be based on unrestricted funds.” Using a streamlined credit analysis for nonprofit borrowers can help provide loan officers with a more accurate assessment of creditworthiness and can consistently measure and document the risk in the borrower. Having a streamlined credit analysis process for nonprofits ensures that the bank can make safe loans while the nonprofits can continue their mission with support from the community bank.
Bank Innovation
AUGUST 13, 2019
Making sense of massive amounts of unstructured data from news and other sources is complicated, but artificial intelligence can be leveraged to process large datasets to make intelligent predictions. In September 2017, Amazon announced that they had issued a request for proposals (RFPs) across Canada, Mexico and the U.S. to establish a second headquarters to […]. Artificial Intelligence Sponsored
Independent Banker
FEBRUARY 16, 2015
This analysis should consider the purpose of accounts, actual or anticipated number and type of transaction activity in accounts, the nature of a customer’s business or occupation, a customer’s location and the types of products and services he or she uses. Two steps to help manage for Bank Secrecy Act compliance. By Jim Deitch. Time and again, banks struggle with complying with the data-intensive requirements of the Bank Secrecy Act. How can a bank get this area of compliance right?
PYMNTS
OCTOBER 18, 2019
Supply chain and procurement optimization solution provider LevaData is collaborating with IBM to augment its data analytics capabilities, the firms said in a Thursday (Oct. 17) press release. Together the companies are rolling out the DirectSpend IQ solution, which deploys IBM managed services solutions with LevaData’s Cognitive Sourcing Platform.
Insights on Business
DECEMBER 13, 2017
In the current interest rate environment, the pension funds and insurance firms’ appetite for credit-augmented market risk analysis is understandable. How can risk managers, treasury and ALM teams consistently act upon insights they can gain from integrated market and credit risk analysis? Many investors appreciate occasional bond rallies throughout their financial year. They may not all welcome the ongoing presence of low long interest rates as much (see Fig.
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