Bobsguide
FEBRUARY 3, 2020
Just like the previous year, Auriga kick-starts the new year with a list of 2020 trends, which we anticipate will define the banking sector in the upcoming 12 months. 1. Bank branches remain a necessity.
Abrigo
FEBRUARY 3, 2020
Key Takeaways At many financial institutions, a substantial share of the IT budget is tied up in technology infrastructure and maintenance and cannot be used for new initiatives. Financial institutions generally are moving away from self-managed, on-premise technology and are finding hosted solutions that provide the security and scalability they need.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
South State Correspondent
FEBRUARY 3, 2020
BANK MARKETING Since you probably spent time today discussing the Super Bowl ads (Smaht Pahk, Google, and Snickers were our favorites), we wanted to highlight an all-too-common mistake that many banks make. It can be argued that despite its high price, Super Bowl advertising is one of the best deals in marketing as you are assured a certain level of attention.
PYMNTS
FEBRUARY 3, 2020
Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021. Fraudsters are increasingly savvy, though, and retailers cannot afford to relax much. .
Advertisement
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
Chris Skinner
FEBRUARY 3, 2020
I was taken in by an article on the BBC yesterday due to the headline: ‘I wasn’t allowed to buy my burrito with cash’ The article recounts the story of Nicholas Duggan, a construction worker, who tried to buy his lunch with cash, but the store refused and demanded payment … The post Cashless shopping is not going to happen anytime soon appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
FEBRUARY 3, 2020
Things we’re reading today include … Goldman Sachs in Amazon talks over small business loans FCA: credit card firms must stop suspending all users in debt spiral Travelex: Bank currency services still offline after hack Only two women applied for Bank of England governor role Worldline to buy Ingenico for … The post Things worth reading: 4th February 2020 appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 3, 2020
Paytm, India’s leading digital payments player, unveiled new products to target businesses and ward off rising competition from Google Pay, Walmart Inc.-owned PhonePe and Amazon Pay. Paytm introduced a stand that displays QR check-out codes that comes with a calculator and USB charger, a so-called sound box that provides voice confirmations of transactions, cloud software […].
South State Correspondent
FEBRUARY 3, 2020
MULTIFAMILY LENDING Government-sponsored enterprises (GSEs) have been lending to borrowers for many decades. The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) have popular multifamily lending programs so much so that they now control the bulk of the market.
Bank Innovation
FEBRUARY 3, 2020
Smiley Technologies, a core banking provider focused on community banks, is trying to help its bank clients secure larger deposits by partnering with deposit technology company Reich & Tang. “Having pieces of software that attach on to the core nicely and seamlessly is always important,” said Elizabeth Smiley Glasbrenner, co-founder and CEO of Smiley Technologies. […].
Advertisement
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
PYMNTS
FEBRUARY 3, 2020
Remember that old term “banker’s hours?”. That term, which fairly or unfairly suggested that banks were centers of slow-moving progress and relatively easy professional work, is long gone. Indeed, banks represent a significant and necessarily vital part of the massive changes taking place all around the world in financial services and payments — moves that are happening at increasing, even real-time, speeds.
Bank Innovation
FEBRUARY 3, 2020
On the heels of Visa‘s acquisition of data aggregator Plaid for $5.3 billion, industry watchers are questioning whether this might prompt wealth management tech firm Envestnet to sell aggregator Yodlee, which it acquired in 2015 for $590 million. The speculation was initially raised by Raymond James analysts in a report released Jan. 14, a day […].
PYMNTS
FEBRUARY 3, 2020
A new British bank that will launch later in 2020 is aimed at securing funding for farmers, according to a report. Oxbury, based in Chester, is going to offer specific products for British farmers, as well as savings accounts for the general public and businesses. The bank secured its license from the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). .
Bank Innovation
FEBRUARY 3, 2020
Goldman Sachs Group Inc. is in discussions with Amazon.com Inc. to offer small-business loans through the tech giant’s platform, according to a person with knowledge of the matter. The move marks another chapter in the Wall Street firm’s efforts to seek new lines of business to boost revenue outside its traditional strengths of trading and […].
Advertisement
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.
PYMNTS
FEBRUARY 3, 2020
Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies.
Ron Shevelin
FEBRUARY 3, 2020
The truly “hot” technologies in banking are the ones that financial institutions invest in—which are not always the ones that the pundits are talking about.
PYMNTS
FEBRUARY 3, 2020
As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other. That means financial functions beyond banking are taking advantage of application programming interface (API) data integrations, with productivity gains particularly large for business end-users of these products and services.
Matt Wilcox Pro
FEBRUARY 3, 2020
Ever notice how easy it is in the movies to get the better of high tech security? Every secure room and prison cell has a person-size ventilation shaft covered by an easily removed grate. You can spray fog to reveal laser beams and then contort your way through. For every floor with alarm pressure plates, you [.
Advertisement
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.
PYMNTS
FEBRUARY 3, 2020
In a move to compete with Amazon in the competitive consumer delivery space, UPS plans to use drones and other tactics to complete shipments faster, according to reports. The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney.
American Banker
FEBRUARY 3, 2020
Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices.
PYMNTS
FEBRUARY 3, 2020
“Jobs to be done” – a theory popularized by the late Harvard Business School Professor Clayton Christensen – is the notion that consumers don’t buy products , but they hire them to perform a task they need done. Extending that analogy to retail, one could look at the data on the decline of mall and retail store foot traffic, the increase in retail store closures and bankruptcies, and disappointing retail sales and margins in an economic environment of increased consumer spending, and might concl
Banking Exchange
FEBRUARY 3, 2020
Is your ALM process helping avoid the risk of underperformance when rates fall or remain low? Risk Management Performance Operational Risk Rate Risk Credit Risk Feature3 Feature.
Advertisement
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.
PYMNTS
FEBRUARY 3, 2020
The automated teller machine (ATM) debuted 51 years ago in the U.S., dispensing small preset amounts of cash … and that’s about it. They quickly faded into the décor of banks and street corners, becoming a prosaic feature of everyday life. And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking.
Banking Exchange
FEBRUARY 3, 2020
The banking software vendor and search engine giant have formed a strategic partnership, allowing banks to create apps quicker and more securely Technology Social Media Channels Customers Core Systems Outsourcing/Cloud Tech Management Mobile Online Feature3 Feature Financial Trends Fintech.
PYMNTS
FEBRUARY 3, 2020
Might eCommerce – in China , yes, but also well beyond that country’s borders – be among the casualties of the Coronavirus? More than one month into what is a spreading health concern, the consumer, on a global stage, has proved resilient – at least as of the end of last month. But the caution is beginning to show, and pockets of weakness may spread, as evidenced by mixed commentary from company conference calls, a staple of earnings season on Wall Street.
Banking Exchange
FEBRUARY 3, 2020
The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work Consumer Credit Compliance Customers Cards CFPB Compliance/Regulatory Consumer Compliance Community Banking Feature3 Feature.
Advertisement
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.
Expert insights. Personalized for you.
133 
Let's personalize your content