Tue.Apr 27, 2021

article thumbnail

Why an operations revolution is an urgent imperative for banks

Accenture

UK banks have been striving for years to reduce their cost base. Yet despite these efforts, downward pressure on revenue is continuing to squeeze profitability. Now the fallout from COVID-19 – including widespread uncertainty and an economic downturn – is set to make revenue growth even harder to achieve. The effect is to put banks’…. The post Why an operations revolution is an urgent imperative for banks appeared first on Accenture Banking Blog.

article thumbnail

Eleventh Circuit Overturns Landmark Accessibility Decision in Winn-Dixie, Determines Certain Websites Are Not “Public Accommodations” Covered by Title III of the ADA

CFPB Monitor

On April 7, 2021, the Eleventh Circuit Court of Appeals ruled that Winn-Dixie Stores’ websites are not “public accommodations” and therefore are not subject to the accessibility requirements of Title III of the Americans with Disabilities Act (“ADA”). The decision reversed a 2017 federal district court opinion – in what may be the only website accessibility case to ever go to trial – that required the grocery store chain to make its website accessible to individuals with visual disabilities.

Alabama 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips on Building Banking Trust From One of the World’s Most Trusting Markets

Accenture

It’s hard to overstate the importance of trust in banking—which makes the findings of our latest Global Banking Consumer Study concerning for banks. The study, which interviewed 47,000 consumers around the world, revealed that the COVID-19 pandemic has accelerated what has been a longer-term decline in trust in banks. We found that 29 percent of….

Marketing 221
article thumbnail

Decomposing changes in the functioning of the sterling repo market from 2014 to 2018

BankUnderground

Rupal Patel. Repo markets form part of the plumbing of the financial system. They allow participants to borrow cash against collateral and buy back this collateral at a higher price at the end of the transaction. When there is a blockage in repo it has repercussions on financial markets. Since 2014 there have been significant changes in repo functioning, causing policymakers to question why these changes are happening and what it means for financial stability.

Marketing 106
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

SCA: Five Months to Go

Bobsguide

We’re five months away from the final regulatory deadline set by the Financial Conduct Authority for card issuers, payments firms and online retailers to implement Strong Customer Authentication (SCA). SCA is a regulatory requirement brought in to protect consumers and businesses from

Retail 88

More Trending

article thumbnail

'Digital gold': Visa bets big on cryptocurrency

Payments Source

article thumbnail

Online payment fraud in e-commerce to exceed $20 billion in 2021

BankInovation

As people increasingly shop online, fraudsters are targeting weak points in the e-commerce ecosystem. Losses from digital payments fraud in e-commerce are set to exceed $20 billion this year, according to a study by U.K. research firm Juniper. Malicious actors have targeted insecure fraud mitigation practices on online channels, especially those set -up by merchants […].

Fraud 78
article thumbnail

Gemini to debut crypto rewards Mastercard

Payments Source

article thumbnail

Restaurants can serve more diners with pay-at-the-table tech

ATM Marketplace

As the country goes into recovery mode from the pandemic, options like QR codes can help lure safety-conscious consumers back inside to dine indoors. Dirk Izzo, NCR Hospitality president and general manager, shares his thoughts with ATM Marketplace why restaurants should use this topic.

ATM 62
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

Gig workers show strong preference for faster payments

Payments Source

Payments 148
article thumbnail

Stratifyd Launches New Solutions to Remove Costly Data Blind Spots and Automate the Discovery of Hidden Insights Across the Customer Experience

ATM Marketplace

Stratifyd Solutions powered by Smart AI™, includes five solutions to gain faster time to insights and drive greater organizational impact while bridging the gap between what brands know and the hidden emotions and signals they need to act quickly and intelligently.

article thumbnail

Barclays, Amount add installment loans for cobranded credit cards

Payments Source

Cards 148
article thumbnail

Bank losses linked to Archegos top $10bn after latest results

TheGuardian

Nomura takes $2.3bn hit with UBS forecasting a total $861m loss after collapse of hedge fund Bank losses linked to the collapse of Archegos Capital Management have topped $10bn, after Nomura and UBS became the latest global banks to reveal the true impact of the hedge fund’s failure on their finances. Some of the world’s largest investment banks have been left nursing billions of pounds worth of losses as a result of their exposure to Archegos, the personal hedge fund of the New York-based billi

article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

U.S. Bank to offer custody service for digital assets

Payments Source

146
146
article thumbnail

Sanjeev Gupta could face MPs’ questions over Liberty Steel

TheGuardian

Magnate may be compelled to give evidence as business committee launches inquiry in wake of Greensill Capital collapse The steel magnate Sanjeev Gupta could be summoned in front of MPs after the parliamentary business committee launched a formal inquiry into Liberty Steel following the collapse of its largest lender, Greensill Capital. The business, energy and industrial strategy (BEIS) committee is the fourth parliamentary committee to launch an inquiry linked to Greensill’s failure.

Capital 70
article thumbnail

ThetaRay's launches AML solution for cross-border payments

The Paypers

AI-based Big Data analytics provider ThetaRay has launched its AML (Anti-Money Laundering) for Cross-Border Payments solution as a cloud-based service.

article thumbnail

Security assessments need an upgrade for e-commerce dominance

Payments Source

Security 122
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

Grupo Monge Grows Business, Improves Financial Inclusion

FICO

Loans That Improve Lives. Grupo Monge, one of the largest multinational retail companies in Central America, has used analytic decisioning to improve the way it evaluates and grants credit to its customers, especially those previously excluded from being able to access loans. By implementing FICO® Blaze Advisor® decision rules management system , Grupo Monge has expanded credit approvals by 10 percent, reduced expenses by 25 percent and reduced the time taken to assess the credit application by

article thumbnail

Child Life Insurance: When Does It Make Sense?

MyBankTracker

You may be wondering, should I buy child life insurance? Insurance salespeople may be pressuring you to buy insurance for your child when you’re considering purchasing your own policy. They say it will guarantee future insurability, could be used as an investment or may give you peace of mind. Other common sales tactics include saying you could use it to help cover funeral expenses from an untimely death.

article thumbnail

How to Set Up a Cross-Sell Campaign to Get New Cardholders

FICO

A cross-sell campaign to your existing customers can be a relatively quick and profitable exercise compared to targeting external new cardholders. It takes advantage of all the performance history related to other products a customer holds with you, and gives you an opportunity to expand the existing relationship. Your customers will also be familiar with receiving communications from you and there may be an element of loyalty that can increase response and acceptance rates.

How To 52
article thumbnail

CIT Bank Savings Connect Review

MyBankTracker

This is a sponsored article that was reviewed by the bank advertiser prior to publication. The motivation to reach a savings goal is commendable until you discover that many savings accounts (probably including the one you have currently) aren’t too helpful with achieving that goal as quickly as possible. Most likely, the savings rate is absurdly low and the account is rife with fees — quite contradictory to what it means to be a “savings account.” CIT Bank’s Saving

ATM 52
article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

HSBC profits rise nearly 80% amid improving economic outlook

TheGuardian

Bank is able to release $435m of $8.8bn it put aside to cover bad debts in Covid crisis last year Coronavirus – latest updates See all our coronavirus coverage HSBC reported $5.8bn in first-quarter profit, a near-80% jump, as improving economic forecasts allowed the bank to release hundreds of millions of pounds of bad debt provisions made to cover potential defaults linked to the Covid crisis.

article thumbnail

Surcharging has lots of rules, but it can work

Payments Source

Payments 113
article thumbnail

The Paypers launches the Financial Crime and Fraud Report 2021

The Paypers

The Paypers has launched the Financial Crime and Fraud Report 2021 , a picture of what is currently happening in fraud management, digital onboarding, and financial crime in financial services.

Fraud 53
article thumbnail

Fiserv adds PayPal and Venmo to Clover, signs major client in Brazil

Payments Source

Mobile 85
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.