Accenture
DECEMBER 14, 2021
The small-and medium-sized enterprises (SMEs) landscape has been significantly altered over the last two years. Many businesses struggled, others adapted and innovated, and many new SMEs were born during the pandemic. Regardless of whether they thrived or neared failure, all of them are now counting on banks to help build for the future as the…. The post How can banks support small business recovery??
Jack Henry
DECEMBER 14, 2021
As we continue marching towards final adoption of FASB’s ASC-326 (a.k.a., Current Expected Credit Loss, or CECL for short) in January 2023, community banks and credit unions are fully engaged. When CECL was first released back in 2016, the prevailing thought was that achieving compliance basically meant choosing a model and filling it with data. Everyone thought the biggest challenge would be figuring out how to bridge the gap between the allowance for loan and lease losses (ALLL) calculated by
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Accenture
DECEMBER 14, 2021
Today’s world of operational risk for banks is much different from what it was two years ago. More complex. More volatile. And moving faster, according to our global risk research. In fact, 77% of risk leaders we surveyed believe that complex, interconnected new risks are emerging more rapidly than ever before. Yet fewer than a…. The post Navigate risk and thrive with intelligent banking operations appeared first on Accenture Banking Blog.
ATM Marketplace
DECEMBER 14, 2021
Payments have gone through a transformation in the last two years. With COVID-19, customers have increasingly adopted other payments methods such as digital wallets; however, these payment options come with a variety of challenges for retailers and businesses such as fraud.
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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
BankInovation
DECEMBER 14, 2021
In 2022, cyber-risks outrank the COVID-19 pandemic and geopolitical tensions as the greatest potential threat to global financial markets. Fifty-nine percent of the 216 risk managers queried for the “2022 Systemic Risk Barometer” survey conducted by the Depository Trust and Clearing Corporation (DTCC) cited cyber-risks in their top five threats, with 24% listing it as […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
DECEMBER 14, 2021
Citigroup has integrated real-time account verification and payment tools into its Citi Present and Pay commercial invoicing platform. The white-label platform is designed for large institutional clients such as corporations, insurance companies, and state and local governments' customer billing, addressing consumer-to-business (C2B) payment flow. Both the Citi Verify account verification tool and Request for Pay […].
TheGuardian
DECEMBER 14, 2021
Independent review finds City regulator changed compensation rules after pressure from UK banks Sajid Javid and George Osborne put pressure on the City’s financial regulator to reduce compensation payouts from big banks to small business victims of a mis-selling scandal, an independent review has found. Britain’s biggest banks, including Barclays, HSBC, Lloyds and Royal Bank of Scotland (now NatWest Group), paid £2.2bn in redress payments to small business customers who had been missold complex
BankInovation
DECEMBER 14, 2021
Prepaid payments are primed to be the main innovation rail for the Canadian payments market, as developments in automated banking and consumer technology make headway and market size grows. The Canadian prepaid market in 2019 had $3.74 billion in loads, or one-time placements of money into prepaid cards or accounts, and grew 50% in 2020; […].
TheGuardian
DECEMBER 14, 2021
New legislation to protect strategic UK companies could almost have been written with BT in mind The government says it is “monitoring the situation carefully” and “will not hesitate to act if required to protect our critical national telecoms infrastructure”. Does this mean Patrick Drahi of Altice, now with 18% of BT in his back pocket, can forget any idea of buying the company outright?
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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
MerhantsBanks
DECEMBER 14, 2021
Ellen Morehouse has been promoted to Vice President/Credit Administration Manager at Merchants Bank, according to Cindy Harrison, Senior Vice President and Director of Credit Administration. “With a decade of experience in credit support, Ellen has been a true leader for our behind-the-scenes team as we help individuals, families and businesses through the loan process,” said […].
FICO
DECEMBER 14, 2021
2021 saw the world settling into a new normal with heightened expectations of digital experiences. But European fraud and financial crime have continued to evolve. As we move forward into 2022, we are seeing the first signs of some interesting trends that will pick up pace across borders. Whether they are seen as challenges or opportunities, they are worth watching to avoid another disruptive year. 1.
The Paypers
DECEMBER 14, 2021
France-based payment service provider Worldline has teamed with Brazil-based Bexs Pay to launch a cross-border remittance product for online payments from Brazil.
ABA Community Banking
DECEMBER 14, 2021
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters Kluwer survey. The post Survey Reveals ‘Substantial’ Risk, Compliance Concerns for U.S. Banks appeared first on ABA Banking Journal.
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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.
The Paypers
DECEMBER 14, 2021
Global bank Citi’s Treasury and Trade Solutions (TTS) has announced the improvement of in-house payment platform Present and Pay by introducing real-time payments.
Javelin Strategy & Research
DECEMBER 14, 2021
Javelin Online Banking Awards kinjal Tue, 12/14/2021 - 15:02 Sections Home Rss.xml Javelin Online Banking Awards Javelin Online Banking Awards In this mobile-first era, online banking is still the workhorse channel and the dominant digital touch-point. This will continue for the foreseeable future. Success in online banking will be measured by how FIs pick and promote features that cultivate customer relationships.
The Paypers
DECEMBER 14, 2021
Corporate payment and spend management platform Mesh has raised USD 50 million in Series B funding from several investors, including Falcon Edge Capital and Entrée Capital.
Javelin Strategy & Research
DECEMBER 14, 2021
Javelin Mobile Banking Awards kinjal Tue, 12/14/2021 - 15:46 Sections Home Rss.xml Javelin Mobile Banking Awards Javelin Mobile Banking Awards The Javelin Mobile Banking Scorecard analyzes and compares the top 28 U.S. retail financial institutions, by gross annual deposit size, to inform industry experts and players how the financial institution or vendor measure up in mobile banking.
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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.
ABA Community Banking
DECEMBER 14, 2021
The Treasury Department, through its Emergency Capital Investment Program, will invest $8.7 billion in community financial institutions, which includes community development financial institutions and minority depository institutions. The post Treasury Announces $8.7B Investment in CDFIs, MDIs appeared first on ABA Banking Journal.
Javelin Strategy & Research
DECEMBER 14, 2021
Javelin Trust in Banking Awards kinjal Tue, 12/14/2021 - 16:42 Sections Home Rss.xml Javelin Trust in Banking Awards Javelin Trust in Banking Awards Banking is fundamentally an industry of trust. Building and retaining customers’ trust is vital to the survival and success of a financial institution. Javelin’s Trust in Banking Leader awards is based on the Trust in Banking study which provides financial institutions deep insights into this most important aspect of the relationships with their c
Tomorrow's Transactions
DECEMBER 14, 2021
The human society is now at crossroads – demanding changes in our lifestyle, health choices, economics, and civil liberties. These changes are accelerated by climate change, political response to the pandemic, the need for racial and gender equality, human migration, and of course, a few break-through technologies such as digital automation, data analytics, and machine-learning… Continue reading Be on the smart side of the Great Reset.
Javelin Strategy & Research
DECEMBER 14, 2021
Identity Proofing Awards kinjal Tue, 12/14/2021 - 16:49 Sections Home Rss.xml Identity Proofing Award Identity Proofing Award Mitigation of Identity fraud requires a combination of technologies that are complementary and easy to manage. Adding a new technology solution requires an approach that looks beyond fraud management to the customer experience in all stages of the customer life cycle.
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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 14, 2021
On 10 December 2021, the Central Bank has released the schedule of the new phase of Open Banking in Brazil, according to infomoney.com.br.
Javelin Strategy & Research
DECEMBER 14, 2021
Identity Protection Service Provider Awards kinjal Tue, 12/14/2021 - 16:52 Sections Home Rss.xml Javelin Identity Protection Service Providers Award Javelin Identity Protection Service Providers Award Javelin analyzes leading identity protection services providers' solutions, based on current fraudster strategies and consumer impact. For nine years, Javelin has been benchmarking identity protection vendors.
The Paypers
DECEMBER 14, 2021
South Africa-based fintech Click2pay has launched a new capability, which enables retailers to send refunds to consumers through Clik2pay.
Javelin Strategy & Research
DECEMBER 14, 2021
Javelin Digital Banking Platform Vendor Awards kinjal Tue, 12/14/2021 - 16:57 Sections Home Rss.xml Javelin Digital Banking Platform Vendor Awards Javelin Digital Banking Platform Vendor Award Mid-sized FIs and community banks have an unprecedented number of options for digital banking solutions beyond their core banking provider. The past decade has seen the emergence, and subsequent consolidation, of dozens of vendors offering a better digital mousetrap.
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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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