Accenture
DECEMBER 1, 2021
After a decade of disruption, what has changed for commercial banks?? The digital economy has taken off around much of the world over the past 10 years, and the banking sector has been feeling the impact of this transformation and attempting to keep up with it. In fact, the digital transition in financial services began…. The post What’s next after 10 years of banking disruption?
Abrigo
DECEMBER 1, 2021
How to make loan review more effective When it comes to loan review, there are three key areas to help ensure a more effective process. Would you like other articles like this in your inbox? Takeaway 1 The organizational structure of the loan review process must reflect independence and objectivity. Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. .
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Independent Banker
DECEMBER 1, 2021
Photo by Heather Esposito. Let’s collectively commit to being more present in all of our interactions. It won’t be long until we recognize what a true gift that is to ourselves and those we serve. With the holiday season upon us, the concept of “present” takes on a frantic connotation. The quest for the right item can become a daunting task that takes away from its intended spirit of connection.
BankInovation
DECEMBER 1, 2021
Cryptocurrency as an asset class won't survive unless it's properly regulated, and while it isn't, investors face harm — and some that don't want regulation wish to avoid the law. This was the message today from U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, who spoke alongside former SEC chairman Jay Clayton at 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
Independent Banker
DECEMBER 1, 2021
Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. Photo: Ashley Courter. The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. By Roshan McArthur.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Independent Banker
DECEMBER 1, 2021
If you’re shopping for a new core, you’ll want to avoid shortcuts. Asking core providers about their products, costs, and conversion timeline only skim the surface during the selection process. In fact, there are a few different layers to peel back to make sure you find the right core partner that fits your business’ needs. . Here are some helpful tips and discussion points to assist you in core vendor management: .
BankInovation
DECEMBER 1, 2021
Atul Verma, chief information officer of U.S. personal and business banking at Bank of Montreal (BMO), will join a panel discussion on Tuesday, March 1, at 3:45 p.m. ET at the Bank Automation Summit 2022, to be held March 1-2 in Charlotte, N.C. The panel will explore modernizing commercial lending through automation with a focus […].
Independent Banker
DECEMBER 1, 2021
What is an omnichannel approach to onboarding? After the pandemic essentially caused in-branch banking to be impossible for many months, banks were forced to revamp their online account opening processes (among other digital banking capabilities) so that they could still acquire new customers. As a result, many banks turned to companies like Alloy for help automating their KYC/AML decisions and mitigating fraud during the online onboarding process.
BankInovation
DECEMBER 1, 2021
Goldman Sachs announced Tuesday it is partnering with Amazon Web Services (AWS) on a cloud-based solution that helps financial services firms gain insight into data analytics for informed investment decisions. The new Goldman Sachs Financial Cloud for Data with AWS — announced at the AWS re:Invent 2021 conference — is a suite of cloud-based data […].
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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
Independent Banker
DECEMBER 1, 2021
The pandemic forced us to find new ways to interact with customers. As a result, expectations for engagement have significantly increased. Apps like GrubHub and Instacart have become wildly successful because of their convenience factor. Now, consumers expect that from every company in which they do business. Many of today’s banks have recognized this shift and are looking for new ways to attract, engage, and retain their customers, all while providing a great experience.
CFPB Monitor
DECEMBER 1, 2021
In Bulletin 2021-36 Freddie Mac addresses cryptocurrency in the mortgage qualification process. Freddie Mac indicated that it is providing guidance “[d]ue to the high level of uncertainty associated with cryptocurrency.”. Freddie Mac advises that the Seller/Servicer Guide is updated to include the following guidance: Income paid to the borrower in cryptocurrency may not be used to qualify for the mortgage.
BankBazaar
DECEMBER 1, 2021
On this World AIDS Day, we, at BankBazaar, stand in solidarity with all people living with or affected by HIV. To this end, we want to reiterate the fact that healthcare must be a top investment priority to ensure HIV treatments and care are affordable and available to everyone, everywhere. . We all dread falling ill with a major critical illness. It could be anything from a stroke to AIDS.
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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.
ATM Marketplace
DECEMBER 1, 2021
TMD Security, global leader in high security ATM and branch access management, announced today the launch of its in-house R&D developed intelligent lock solutions for all types of access points.
MerhantsBanks
DECEMBER 1, 2021
Just because it’s winter doesn’t mean you should put off searching for the perfect house. In fact, now may be one of the best times to buy. Really. Here are three reasons why buying your house in the off-season (November-March) may bring you big benefits. House Sellers are Motivated Many homeowners are eager to finalize […].
CB Insights
DECEMBER 1, 2021
Tegus , a market intelligence platform, has raised $90M in a Series B round that drew participation from Oberndorf Enterprises and Willoughby Capital Management. HOW’S THE COMPANY PERFORMING? Illinois-based Tegus is a market intelligence platform for institutional investment firms, investment banks, consultancies, and other organizations. The company’s customer count increased by 300% over the past year to reach 1,000.
BankDeals
DECEMBER 1, 2021
First Community Credit Union (Houston, TX area) has added 60 bps to its 5-year CD, resulting in two very competitive APYs. Minimum deposits of $500 and $100k.
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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.
Bankelele
DECEMBER 1, 2021
The Banker magazine is announcing its “Bank of the Year” awards for 2021 today. The awards are grouped by different zones of winners for the Americas, Europe, Middle East & Africa, Asia and overall global. For Africa, the winners for best bank in different countries were: Algeria (Citi), Angola (Banco BAI), Botswana (FNB), Cabo Verde […].
ABA Community Banking
DECEMBER 1, 2021
The American Bankers Association added 11 banks to its Nasdaq Community Bank Index (ABAQ) today. The post ABA Adds 11 Banks to ABAQ Index appeared first on ABA Banking Journal.
The Paypers
DECEMBER 1, 2021
UK-based IDV provider Shufti Pro and financial solution provider Opal have joined hands to deliver seamless experience for customer onboarding.
ABA Community Banking
DECEMBER 1, 2021
The American Bankers Association yesterday wrote in support of H.R. 6037, legislation that would prohibit the Small Business Administration from directly making loans under the 7(a) loan program. The post ABA Pushes For SBA Ban on Making Direct Loans Through 7(a) Program appeared first on ABA Banking Journal.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
The Paypers
DECEMBER 1, 2021
LATAM’s biggest ecommerce platform Mercado Libre has borrowed USD 375 million from Citi Bank to expand its credit offer to SMEs, entrepreneurs, and consumers across Mexico and Brazil.
ABA Community Banking
DECEMBER 1, 2021
FFIEC released a new section and updates to three sections of its Bank Secrecy Act/anti-money laundering examination manual. The post FFIEC Updates its BSA/AML Exam Manual appeared first on ABA Banking Journal.
The Paypers
DECEMBER 1, 2021
Singapore-based Thunes has announced a partnership with Brazil-based Bexs Banco to help global businesses and customers make real-time payments to Brazil, including payments to Pix.
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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.
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