Chris Skinner
MAY 25, 2020
As the coronavirus gripped Europe and America in March and April, it was clear that banks had a number of issues to deal with. Suddenly shuttering branch doors, closing head office and asking staff to stay at home, became the modus operandi for all. This is something that no major … The post This is no Black Swan appeared first on Chris Skinner's blog.
South State Correspondent
MAY 25, 2020
It is around this time that many banks are trying to determine the amount of staff and effort that will be required to process all their PPP Forgiveness Applications that are now ready to be filed. Late last Friday, the SBA issued new Final Rules that further outlines what is expected from borrowers and banks that also helps in building this model. To help banks, we put together the below data and model to help answer the question – How many bankers will I need for this effort and for how long.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
MAY 25, 2020
Things we’re reading today include … This is why we’re proposing a wealth tax in Spain to help us out of this crisis | Pablo Echenique Companies in new investment fund must be ‘made in Yorkshire’ Goldman Sachs ramps up cash management plans despite coronavirus UBS announces global financing team … The post Things worth reading: 26th May 2020 appeared first on Chris Skinner's blog.
PYMNTS
MAY 25, 2020
Pandemic aside, business in the digital era is still data driven. Guesswork about the consumer and his or her behavior is not necessary or advisable. Fortunately, PYMNTS has populated the current landscape with trackers, playbooks and reports to inform data-driven decisioning, many of which answer the critical question: What are the consumer behaviors that will stick?
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
South State Correspondent
MAY 25, 2020
The future path of the economy is currently unpredictable. Still, the majority of banks have now eliminated two possible scenarios: 1) Best case scenario – that nothing will change from February 2020; and 2) Worst case scenario – that the pandemic will not end in the foreseeable future and banks should avoid loans and invest in riskless securities.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
MAY 25, 2020
The coronavirus lockdown could provide the opportunity for parent-controlled payment cards or mobile apps for children to gain traction after a wobbly past in terms of consumer adoption.
PYMNTS
MAY 25, 2020
The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. Banks are largely considered essential businesses and allowed to continue their operations, but it has hardly been business as usual for financial institutions.
Payments Source
MAY 25, 2020
Companies like Amazon, Apple, PayPal Netflix, Uber and others have made it so easy to transact that consumers are left wondering why their bank or credit union cannot provide them with the same kind of seamless and tailored experiences, says Payrailz's Mickey Goldwasser.
PYMNTS
MAY 25, 2020
The pandemic was unprecedented when it showed up in February and March; the phases of its aftermath will also be without a reference point. While it’s clear that the digital shift will stick in the retail ecosystem, other elements of the landscape are harder to predict. PYMNTS identified five areas and companies to watch as the post-pandemic recovery evolves.
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
BankDeals
MAY 25, 2020
Quoin Financial Bank's Free Kasasa Cash account currently earns 3.00% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.15% APY.
PYMNTS
MAY 25, 2020
Following the frantic dash among small businesses for a portion of the government’s Paycheck Protection Program (PPP) funding, small businesses were faced with some difficult hurdles. Marred by regulatory confusion , claims of unfair lending and borrowing, and the U.S. Department of Justice’s first case of alleged PPP fraud, small businesses quickly came to realize that government relief will not be the silver bullet they need to survive the market downturn. “I think for some o
MerhantsBanks
MAY 25, 2020
We’d like to extend a very warm and heartfelt thank you to the over 20,000 customers who have logged in to our new Online & Mobile Banking system. We know that change doesn’t come without a few bumps in the road, and we so appreciate your patience with the new system and our staff while […].
PYMNTS
MAY 25, 2020
In a black swan event such as the pandemic, ensuring business continues to flow not only means mitigating volatility of today. For many businesses along the global supply chain, it may also mean introducing changes that will affect how trade is done well into the future, too. In its recent B2B Payments: COVID-19 Impact Report , a collaboration with American Express, PYMNTS digs into some of the most dramatic and immediate shifts within global supply chains as a result of COVID-19.
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.
MerhantsBanks
MAY 25, 2020
We are thrilled to have friendly, familiar, and talented faces on staff in our Northfield locations! Meet your Northfield team: Tim Viere, President Teller Team: Joyce Adamek, Downtown & South Martha Bushard, Downtown & South Allison Eddy, Downtown & South Sig Gillispie, Downtown Linda LaCanne, South Carolyn Seas, Downtown & South Tammy Willems, Downtown & South South Location: Jennifer Arne, Customer […].
The Paypers
MAY 25, 2020
The Bank of Ireland Economic Pulse has come in at 44.0 in May 2020, recovering a little from the lowest recorded reading in its history in April 2020.
MerhantsBanks
MAY 25, 2020
Welcome We are excited and honored to welcome our new customers in Northfield to Merchants Bank. We are grateful for the opportunity to help you with your banking needs and do not take lightly our responsibility to carry on the legacy of the First National Bank of Northfield. All of us at Merchants Bank look […].
American Banker
MAY 25, 2020
Some observers wonder if proposed regulatory targets for Fannie Mae and Freddie Mac will stoke concerns about low shareholder returns. But others suggest those fears are unfounded.
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.
The Paypers
MAY 25, 2020
Australia-based financial technology company Afterpay has partnered with Thread Together organisation, to help fund its sustainable services.
The Financial Brand
MAY 25, 2020
Without the right capabilities, betting too much on an improvised set of applications can be risky at a critical time for digital banking. The post Beware of Being ‘Too Open’ with Your Bank Technology, Expert Warns appeared first on The Financial Brand.
The Paypers
MAY 25, 2020
Mastercard has reported a 200% surge in India’s contactless payments over the last 30 days, due to the pandemic’s restrictions.
The Financial Brand
MAY 25, 2020
Insights from the Digital Banking Report find that transformation of workplaces, workforces and work itself will define the future success of banking organizations. The post New Research: Future of Work in Banking Impeded By Skills Gap appeared first on The Financial Brand.
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.
The Paypers
MAY 25, 2020
Canada-based fashion retailer Groupe Dynamite has partnered with installment payment solutions provider PayBright to offer the latter’s buy now, pay later option at checkout.
The Financial Brand
MAY 25, 2020
How easily can people find answers on your website, mobile app and on the phone? Slower than fast is fatal for banks and credit unions. The post Digital Blind Spots Kill Financial Institution CX on Every Front appeared first on The Financial Brand.
The Paypers
MAY 25, 2020
US-based fintech Airfox has announced joining Via Varejo , a Brazil-based retailer which serves around 60 million customers through nationwide retail chains Casas Bahia and PontoFrio.
PYMNTS
MAY 25, 2020
Today is Memorial Day, the unofficial start of the U.S. summer travel season. Of course, summer will be far from normal this year, and consumers’ enthusiasm for travel has dimmed considerably. Will COVID-19 cancel summer vacation in 2020? U.S. consumers have certainly grown more concerned with protecting their health and safety over the pandemic’s course — and that’s showing up in travel statistics.
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.
529 
Let's personalize your content