Accenture

MAY 31, 2022

From blockchain to edge computing, I’ve always loved learning about new technologies. So when I first heard about the metaverse, I wanted to learn more about how it applies to banking. The reality is that banks can’t ignore the metaverse. It is central to every bank’s digital future. A good portion of global banking leaders…. The post Why the metaverse is a megatrend banks can’t miss appeared first on Accenture Banking Blog.

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blockchain Technology Marketing 333

Payments Dive

MAY 31, 2022

Consumers and businesses are more frequently using digital means to send payments around the world, according to Mastercard's second annual report on cross-border payments.

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Report Payments 259

Independent Banker

MAY 31, 2022

Photo by Chris Williams. Community continuation is not about checking a regulatory box; it means putting a name to the people who will be the future of our banks. One of my favorite sayings my dad passed onto me is also a motto I live by: “How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of the weak and the strong.

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Payments Dive

MAY 31, 2022

Visa CEO Al Kelly said Sen. Dick Durbin is contemplating new legislation that would impose more pricing restrictions on the card industry. Kelly didn't elaborate and Durbin has been mum.

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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

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South State Correspondent

MAY 31, 2022

Inflation Scares Erupt Again. Treasuries open the holiday-shortened week on the defensive as the highest inflation reading on record in the Eurozone sent yields there higher. Oil prices resumed their rise and signs the China lockdowns are easing also contributed to higher yields. Treasuries are playing a bit of catch-up too after yesterday’s holiday with the 10yr yield jumping 12bps higher from Friday’s close.

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SWBC's LenderHub

MAY 31, 2022

Last Week. Equities and credit sensitive bonds jumped sharply last week leaving investors wondering over the long weekend if the worst is over or whether it is a chance to exit at higher levels. The “good” news over the week was that both the U.S. and global economy is weakening faster than expectations, which in turn could allow central bankers to curtail monetary policy tightening sooner that previously thought.

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Independent Banker

MAY 31, 2022

Photo by Chris Williams. Healthy debate helps us achieve an outcome where we’re all pushed to think beyond what might be readily in front of us. When’s the last time you left a meeting and found yourself saying, “I never thought about it that way before”? For me, the answer allows me to gauge how much I’ve successfully encouraged differing viewpoints.

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CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and othe

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Independent Banker

MAY 31, 2022

By Lindsay LaNore, ICBA. As life settles into a new rhythm, you may find that some team members continue working remotely permanently, or that they shift to a hybrid model in which they can work remotely at least some of the time. What are some best practices for managing this new distributed workforce? Communicate expectations clearly, early and often.

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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

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ATM Marketplace

MAY 31, 2022

Versatile and omnipresent though kiosks may be, they require a regular and reliable connection to work their magic. One of the best out there is 4G LTE and soon 5G. As you move towards your kiosk or ATM deployment , you'd be hard-pressed to find a better network arrangement than a 4G LTE.

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ATM 129

Independent Banker

MAY 31, 2022

Illustration by Cnythzl/iStock. Fraud and cyber attacks are on the rise, and at great expense to the industry. Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Here are some ideas for strengthening fraud defenses. By William Atkinson. Fraud and cybercrimes continue to increase, causing challenges for community banks.

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Community Bank Community Fraud Texas 134

Jack Henry

MAY 31, 2022

Every bank or credit union executive knows your institution’s logo is one of the most recognizable aspects of your brand. But when’s the last time you looked at your logo with a critical eye and asked yourself if it sets you apart from your competition and shines in a digital forward world?

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Branding 122

Independent Banker

MAY 31, 2022

By Charles Potts, ICBA. As ICBA’s chief innovation officer, it’s my job to push the envelope, to make people uncomfortable. And while this may sound counterintuitive to fostering successful collaborations, research suggests discomfort is normal when tackling new challenges. That uncomfortable feeling you get in the pit of your stomach when you decide to try something new serves as a motivator and is why I tell community bankers: “To succeed in today’s rapidly evolving digital landscape, you need

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Community Bank Community Innovation Meeting 120

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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.

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BankInovation

MAY 31, 2022

The key to a symbiotic bank-fintech partnership is more than just what one can do for the other. Banks should adapt their practices to cater to evolving consumer and commercial fintech end-users or risk losing key fintech relationships, Chris Dean, co-founder and chief executive at banking-as-a-service (BaaS) company Treasury Prime, said last week during a […].

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Independent Banker

MAY 31, 2022

ICBA’s award-winning #KeepMyBankingPrivate campaign opposed IRS bank customer data reporting. In April, ICBA won an Association Trends 2022 TRENDY Award for a social media initiative opposing plans that would require community banks to report additional customer account information to the Internal Revenue Service. Earning ICBA the silver award in the Best Advocacy Campaign category, the #KeepMyBankingPrivate campaign has helped community banks raise awareness of a proposal in Washington that wou

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BankInovation

MAY 31, 2022

Payment networks operator The Clearing House (TCH) is working with Amazon Web Services (AWS) to boost the efficiency of its client onboarding system. "It's really important for us to onboard a new participant. as quickly as possible," Elena Whisler, senior vice president for sales and relationship management at TCH, said at the recent AWS […].

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Independent Banker

MAY 31, 2022

ISD graduate Cailyn Cordell became a teller at Blue Ridge Bank after completing the new business course. Blue Ridge Bank uses one of its new branch locations as an innovative, hands-on classroom for local high school students. By Beth Mattson-Teig. High school students in Independence, Mo., are getting a behind-the-scenes look at the world of community banking thanks to an innovative partnership between Blue Ridge Bank and Trust Co. and the Independence School District (ISD).

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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.

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BankInovation

MAY 31, 2022

Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe. In April, Fidelity funds marked down stakes in Reddit by more than a third from the preceding month and Stripe by 13%, according to filings and data compiled by Bloomberg. Fidelity also cut valuations for […].

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social media Software Data Technology 95

Independent Banker

MAY 31, 2022

Ted Whitehurst, Providence Bank president and CEO, led the charge to open a new brick-and-mortar location of the Raleigh, N.C., community bank during the pandemic. Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether. President and CEO Ted Whitehurst talks timing, lessons learned, results and how his staff went the extra mile.

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Raleigh Community Community Bank Lending 91

BankBazaar

MAY 31, 2022

With the growing popularity of Buy Now, Pay Later (BNPL) loans, millen nials and Gen-Z are finding themselves overspending on non-essentials and spiralling into debt. Damage control via a more responsible way of spending is abso lutely crucial. . First things first, what are Buy Now, Pay Later (BNPL) loans? . The new generation of borrowers are being courted by a new form of credit.

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CB Insights

MAY 31, 2022

Bloom , a revenue-based lender, has raised $377.5M in a Series A. The round drew participation from Fortress Investment Group and Credo Capital Management. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy ">&

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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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The Paypers

MAY 31, 2022

Mastercard has rolled out its Experience Centre where international tech communities are invited to collaborate on cybersecurity innovation.

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Community Innovation 57

American Banker

MAY 31, 2022

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The Paypers

MAY 31, 2022

Businesses in Canada may be eligible to claim credit card processing fee rebates after class action settlement with Visa and Mastercard.

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Cards 53

American Banker

MAY 31, 2022

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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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