Accenture
DECEMBER 8, 2021
For many years, banks have been digitising their existing products and channels to make it easier for customers to do what they do already. As Open Banking becomes ever more pervasive, it has capitalized on customer payment data to allow customers not just to do familiar things more easily or at lower cost, but to do new things they never knew…. The post Are you ready for the Open Finance wave?
Abrigo
DECEMBER 8, 2021
Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 The board needs to see the BSA program from a higher level to understand the enterprise-wide risk to the institution. Takeaway 2 An in-person or video conference can help FIs facilitate deeper discussions and answer questions as needed.
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Gonzobanker
DECEMBER 8, 2021
Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B in the most recent quarter. While that’s lower than the prior quarter, it’s up 121% for the year. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. #267 on the list is Thought Machine , a company started only six years ago th
BankInovation
DECEMBER 8, 2021
KeyBank’s Laurel Road for Doctors, a digital banking platform tailored to physicians and dentists, has signed up 5,000 users since its March launch. Now, the $187 billion bank plans to apply its targeted-demographic strategy with a similar offering for nurses to launch in early 2022. It’s a potential market of more than 4 million users […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
CFPB Monitor
DECEMBER 8, 2021
The U.S. House of Representatives has fired another salvo against class and collective action waivers in employment agreements. The recently passed Build Back Better Act (BBB Act) would amend the National Labor Relations Act (NLRA) to make it unlawful for employers to enter into or attempt to enforce any agreement whereby, prior to a dispute, “an employee undertakes or promises not to pursue, bring, join, litigate or support any kind of joint, class, or collective claim” relating to the employm
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Banking Exchange
DECEMBER 8, 2021
ABA president and CEO says report uses ‘dated information’ to ‘unfairly criticize banks’ Compliance Duties Feature Feature3 Compliance Management Compliance/Regulatory.
BankInovation
DECEMBER 8, 2021
The Bank of France and the Swiss National Bank successfully tried foreign exchange transactions using digital currencies, saying the experiment provided them with “tremendous” insight into the novel technology. Project Jura, which involved the Bank for International Settlements, UBS Group AG, Credit Suisse, Natixis SA and others, also looked at issuing, transferring and redeeming tokenized […].
Banking Exchange
DECEMBER 8, 2021
Operational and strategic risk elevated as Covid-19 relief winds down Risk Management Feature Financial Trends Feature3 The Economy Covid19 PPP Performance.
BankUnderground
DECEMBER 8, 2021
Tirupam Goel, Ulf Lewrick and Aakriti Mathur. Reforms following the 2008 financial crisis have led to significant increases in banks’ capital requirements. A large literature since then has focused on understanding how banks respond to these changes. Our new paper shows that pre-reform profitability is a vital, but often overlooked, driver of banks’ responses.
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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
Banking Exchange
DECEMBER 8, 2021
84% of financial institutions need to act to leverage data The Economy Technology Financial Trends Feature Feature3 Fintech Bank Performance Big Data.
BankDeals
DECEMBER 8, 2021
PenFed Credit Union (easy membership) has again raised the rate on its 5-year Money Market Certificate to a rate-leading level. $1k minimum opening deposit.
The Emmerich Group
DECEMBER 8, 2021
What’s the biggest question in board rooms and among smart bank executives right now? Easy: “How will we replace PPP income in 2022?” That is the hottest question from call-ins to our office from bank CEOs over the last few weeks. And this may be the most important question you answer in your bank’s strategic. Continue Reading. The post Today’s Bank Strategic Planning is Neither Strategic Nor Planning… appeared first on Roxanne Emmerich.
CB Insights
DECEMBER 8, 2021
TradeDepot , a B2B e-commerce and embedded finance platform, has raised $110M in equity and debt funding. The $42M Series B round drew participation from the International Finance Corporation, MSA Capital, and the CDC Group, among others. Arcadia Funds and some undisclosed investors have contributed the $68M in debt funding. How’s the company performing?
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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
The Paypers
DECEMBER 8, 2021
UK-based money transfer company Wise has rolled out a new account and card that let users hold 54 foreign currencies at the same time and exchange them at real market rate.
CB Insights
DECEMBER 8, 2021
The pandemic created a booming residential housing market. Amid the massive migration out of major cities, fueled by record-low interest rates, mortgage and refinance applications have jumped. This, in combination with this year’s economic recovery, has caused investors to turn to and place their bets on tech companies focused on digitizing all aspects of the industry.
BankInovation
DECEMBER 8, 2021
Ganesh Krishnan, enterprise chief information officer for the PNC Bank Financial Services Group, will join Bank Automation Summit 2022 for a panel discussion on Ideation in Banking — the Art of Generating New Products and Services, on Wednesday, March 2, at 2:15 p.m. ET at the JW Marriott in Charlotte, N.C. View the BAS agenda […].
MerhantsBanks
DECEMBER 8, 2021
Greg Evans, President & CEO for Merchants Bank and Merchants Financial Group, Inc. has been appointed to serve as Minnesota’s representative on the American Bankers Association’s (ABA) Government Relations Council. Council members are appointed by ABA’s chair with typically one representative from each state. Each serves a one-year term with the possibility of appointment to one […].
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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.
FICO
DECEMBER 8, 2021
After several years of trying — and ultimately failing — to live up to boundless hype, artificial intelligence (AI) was, in 2021, deeply humbled in the court of public opinion. Fortunately, data scientists are waking up to the fragility of AI’s decisioning powers and have created compensating controls. These include Auditable AI and Humble AI, and my AI predictions for 2022 are that we will see them formally join Explainable AI and Ethical AI under the umbrella of Responsible AI , the gold stand
BankDeals
DECEMBER 8, 2021
First Choice Credit Union (FL) has increased the rate on its 60-month Jumbo CD ($75k minimum) and 60-month CD ($5k minimum) to very competitive levels.
The Paypers
DECEMBER 8, 2021
Visa has announced that it is launching an advisory practice to help clients better understand cryptocurrencies.
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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.
The Paypers
DECEMBER 8, 2021
Travel-based fintech Swiipr and regulated e-money services provider Paynetics have announced their partnership to release innovative airline payment products.
Image Works Direct
DECEMBER 8, 2021
Looking to produce high-quality video animations for your marketing needs? We sat down with one of our animation designers, Erin Pollocoff , to get her expert tips on obtaining high-quality video footage.
The Paypers
DECEMBER 8, 2021
Meta has released the new Stars Fest, a one-month campaign running throughout December 2021 that comes with several new Stars features to promote Facebook creators and reward users.
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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.
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