Mon.Nov 29, 2021

3 ways banks can seize wealth management momentum

Accenture

All eyes on a market in motion The wealth management landscape is expanding and evolving so fast that it’s essentially uncharted territory for many middle market banks. Total global household wealth has grown significantly in recent years, jumping 7.4% in 2020 despite the pandemic.

Market Commentary: Week of November 29, 2021

SWBC's LenderHub

Last Week. Another crazy week in a wild year. We spent the first three days of the week ratcheting up the odds of the potential of a faster Fed taper and earlier policy rate hikes, then we spent the day after the Thanksgiving holiday reversing those odds in near panic mode. Capital Markets

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Trending Sources

Can Neobanks persuade investors that they can generate enough profits without lending?

Daily Fintech

Neobanks (regulated digital only) are hot right now with 5 already in the Fintech 50 Index, many more lining up to IPO and top tier investors (including Warren Buffet in Nubank) going all in on private equities.

How AI improves AML efforts across the financial services industry

Banking Exchange

Money laundering and other types of financial crime have plagued the financial industry for years Risk Management Feature3 Feature Financial Research Duties Technology AML & Fraud BSA/AML Security Operational Risk Compliance Management Cyberfraud/ID Theft. 1Risk Management

100 Pipeline Plays: The Modern Sales Playbook

For the first time, we’re sharing the winning plays that took us from scrappy startup to a publicly traded company. Use our proven data-driven plays to grow your pipeline and crush your revenue targets.

Supply Chain Hacks and Vendor Management for Financial Institutions

SWBC's LenderHub

Earlier this summer, cybercriminals launched a single attack that negatively impacted well over 1,000 businesses.

Miami 78

More Trending

Listen: Opportunities in crypto for banks, FIs

BankInovation

As interest and investment in cryptocurrency spikes this year, banks and financial institutions (FIs) must decide whether and how to become involved, or potentially lose revenue and customers if they opt out. This is the message from Lawrence Pruss, senior vice president at Memphis, Tenn.-based

Wells Fargo Commits $1m to Support Historically Black Colleges and Universities Graduation Rates

Banking Exchange

Graduation rates among HBCU students currently among the lowest for all students Community Banking Feature3 Feature Diversity Inclusion Human Rights Fair Lending. 1Community Banking

FDITECH Sprint attracts AWS, Google and fintechs to solve financial system challenges

BankInovation

The Federal Deposit Insurance Commission (FDIC) recently made available the demos of its first FDITECH Sprint, a contest held in September that focused on reaching unbanked customers via fintech solutions.

U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

Banking Exchange

Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations Community Banking Feature3 Feature Fair Lending Diversity Inclusion Human Rights Small Business. 1Community Banking

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

How banks are preparing for a wave of boomer retirements

American Banker

Retirement Workforce management Succession planning Commercial banking

Banking System Conditions Improved in 2021 as Banks Remain Strong

Banking Exchange

Fed flags cybersecurity and operational resilience as priorities for large banks Risk Management Feature3 Feature Financial Research Lines of Business The Economy Cyberfraud/ID Theft Security Online Operational Risk. 1Risk Management

Why New York Community Bank is minting stablecoins

American Banker

Cryptocurrencies

Citigroup alum Matt Zhang launches $1.5B crypto-investing venture

BankInovation

Former Citigroup Inc. executive Matt Zhang is launching a $1.5 billion venture focused on cryptocurrency-related investments and has hired Sam Peurifoy — an ex-Goldman Sachs analyst known for his online gaming persona “Das Kapitalist” — to lead a dedicated “play-to-earn” strategy.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

What does Jack Dorsey's departure as Twitter CEO mean for Square?

American Banker

Industry News Payments

The Future of Noninterest Income at Financial Institutions

Abrigo

Noninterest income pressures present challenges Some financial institutions are adapting offerings that generate service charges and fees - important sources of noninterest income. . You might also like this webinar: "Is inflation the big gift to your 2022 earnings?". WATCH.

A debt-ceiling crisis would tie FDIC’s hands if a big bank failed

American Banker

Crisis Management Politics and policy

FDIC 61

CA DFPI proposes rule to require registration of consumer financial services providers

CFPB Monitor

The California Department of Financial Protection and Innovation (DFPI) is seeking comments on a proposed rulemaking under the California Consumer Financial Protection Law (CCFPL).

CA 78

Your Guide to Using Conversational Marketing to Drive Demand Generation

What is conversational marketing really about? This guide will examine the market forces at play, shifting buyer trends, how to leverage conversation marketing, and the tactics involved in adopting it for a B2B demand generation strategy.

Mountain West Credit Union Association CEO to retire

American Banker

Industry News Credit unions

Federal banking agencies Issue “Crypto Asset Roadmap” for 2022 guidance; OCC confirms prior interpretive letters on crypto (but adds no-objection requirement)

CFPB Monitor

Synovus hires head of new corporate and investment banking unit

American Banker

Investment banking Career moves Commercial banking

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Merchants Bank’s 10 Days of Giving Food Drive Kicks Off 33rd Year

MerhantsBanks

WINONA, Minn. Merchants Bank kicked off the 33rd annual 10 Days of Giving food drive on Monday morning. The drive runs December 1-10 and benefits the food shelf programs operated by Winona Volunteer Services (WVS). Through the first 32 years, more than 4 million pounds of food have been collected.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Banks, credit unions experiment with college athlete marketing deals

American Banker

Credit unions

Westpac admits it broke law and agrees to pay $113m in penalties

TheGuardian

Industry braces for another fight over IRS tax reporting plan

American Banker

Tax Politics and policy

Taxes 58

Meeting the Customer Affordability Challenge at Speed and scale

Fico Collections

Many lenders’ back-offices continue to be weighed down by legacy customer affordability systems. Updating them to meet rapidly changing market conditions has become hugely time-consuming and a typically onerous challenge.

LinkedIn + ZoomInfo Recruiter: Better Data for Better Candidates

Check out our latest ebook for a guide to the in-depth, wide-ranging candidate and company data offered by ZoomInfo Recruiter — and make your next round of candidate searches faster, more efficient, and ultimately more successful.