Accenture

JULY 12, 2023

Well over a decade ago, I was fortunate enough to land a banking leadership role in commercial and corporate banking operations. I immediately noticed two things that have stuck with me ever since. First, the people in operations are some of the best and most well-intentioned, albeit often overlooked, employees in the firm. When we… The post Commercial banks can benefit by transforming ops talent appeared first on Accenture Banking Blog.

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Leadership Operations Banking Trends Trends 362

Payments Dive

JULY 12, 2023

The restaurant payments software company’s rivals needled Toast over the addition of a fee to be paid by consumers.

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Software Payments Company 370

Perficient

JULY 12, 2023

Introduction It’s not you. It’s the guidance. Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The same organization will typically have a national bank charter, and the OCC is the primary federal banking regulator for that part of the organization.

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Management Risk Management Regulation Compliance 221

Payments Dive

JULY 12, 2023

That’s the fourth state in which the social media company has received a license, inching it closer to creating the payments tool and super-app envisioned by owner Elon Musk.

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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CFPB Monitor

JULY 12, 2023

Sixteen amicus briefs have been filed with the U.S. Supreme Court in support of the position of the Community Financial Services Association of America (CFSA) that the Court should affirm the Fifth Circuit panel decision in CFSA v. CFPB which held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S.

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CFPB Monitor

JULY 12, 2023

The CFPB and the OCC announced that they have each entered into a consent order with Bank of America, N.A. for alleged violations arising from the Bank’s representment fee practices (“Fee Consent Orders”). The CFPB also announced that it has entered into a second consent order with the Bank for alleged violations arising from certain of the Bank’s credit card-related practices. .

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America Cards 78

TheGuardian

JULY 12, 2023

Bank of England chief says there ‘will be consequences’ of higher interest rates, as all UK banks pass stress tests Treasury watchdog prepares to warn that rising UK interest rates threaten Sunak’s fiscal plans Asked by the Guardian’s banking correspondent Kalyeena Makortoff about the impact of higher mortgage payments – set to rise by £500 a month by the end of 2026, Bailey said: It is going to have an impact, clearly.

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US Policies Payments System 91

American Banker

JULY 12, 2023

For now, worries about more bank failures have faded. But in the wake of the recent industry turmoil, higher funding costs are expected to weigh on banks' second-quarter results.

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Industry 69

The Paypers

JULY 12, 2023

India-based Kunji Finance has partnered with decentralised exchange GMX to improve the former’s position as a decentralised asset management platform.

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Management 66

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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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American Banker

JULY 12, 2023

Deborah Donnelly, senior program manager of talent and performance at BECU in Washington state, has prioritized training the next generation of professionals in each position she's held.

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Washington Training Management 69

The Paypers

JULY 12, 2023

The EU Commission has adopted a new strategy on Web 4.0 and virtual worlds to ensure an open and inclusive digital environment for EU citizens.

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Strategy 69

American Banker

JULY 12, 2023

The company said long-time chief executive Chuck Sulerzyski would retire in 2024 and be succeeded by Tyler Wilcox, Peoples' executive vice president of community banking.

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Ohio Community Bank Community Company 69

TheGuardian

JULY 12, 2023

Banks ‘could weather £125bn hit in economic downturn’ despite rising interest rates Business live – latest updates The UK’s largest banks are strong enough to weather a £125bn financial hit during a severe economic downturn, despite facing mounting stress from rising interest rates, the Bank of England said. The central bank’s annual stress test of the country’s biggest lenders – which include NatWest, Barclays, HSBC, Lloyds, Standard Chartered, the UK arm of Santander, Nationwide building socie

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Lending Groups 60

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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American Banker

JULY 12, 2023

This week in global news, Lisbon takes contactless payments to the subway; U.K. politicians say AML actions rules are politically motivated; and more.

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Payments Policies 69

BankInovation

JULY 12, 2023

TD Securities is looking to Dell Technologies to enhance its data storage and processing capabilities, the investment banking arm of TD Bank announced Monday.

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Security Data Management Technology 52

The Paypers

JULY 12, 2023

Southwest Airlines has tapped US-based payment technology solutions company MOST to power its inflight retail experience.

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Retail US Technology Payments 69

TheGuardian

JULY 12, 2023

Bank of England has warned about potential risks to financial stability for ages. One of theses days, they may matter Full story: lenders pass tests but BoE warns of mortgage pain Terrific news: the banks aren’t about to collapse. The UK’s big lenders would continue to be “resilient”, says the Bank of England , even if the dark clouds over the economy turn into a prolonged thunderstorm.

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Lending Capital 54

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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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BankInovation

JULY 12, 2023

Financial crime continues to tick up as more payment processes move online — and fraudsters take advantage of the digital shift.

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Fraud Online Data Payments 52

American Banker

JULY 12, 2023

The Charlotte bank plans to use quantum computing to stiffen cybersecurity, to run more advanced AI applications and to create new commercial use cases alongside IBM engineers.

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Charlotte Technology 53

The Paypers

JULY 12, 2023

Managed networks and IT service provider Evolve has announced its partnership with BT to offer users card transaction routing via the latter’s Cardway solution.

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Cards Management 36

American Banker

JULY 12, 2023

A scorecard from the sustainable finance advocate Ceres found that federal agencies overseeing the financial system have adopted measures to account for climate-related financial risks but have not yet issued enforceable regulations.

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Regulation Report System Policies 36

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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The Paypers

JULY 12, 2023

Modern card issuing platform Marqeta has expanded into Brazil following a partnership with Latin American BaaS platform Fitbank and network certification with Visa.

Cards 36

Cards 36

American Banker

JULY 12, 2023

Former Federal Reserve Vice Chair for Supervision Randal Quarles criticized his successor's plan to significantly increase capital requirements for big banks, saying it would needlessly hurt the economy.

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Capital Policies Compliance Regulation 36

The Paypers

JULY 12, 2023

Payment solutions provider GHL Systems Berhad has partnered with fintech enabler Arab Financial Services (AFS) to process its merchant transactions in Thailand.

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System Fintech Payments 36

American Banker

JULY 12, 2023

Eligible customers would receive a credit of up to $5,000 that can be put toward expenses like closing costs, or used to secure a lower interest rate. It's the latest example of a bank launching a program aimed at extending credit to minority borrowers.

Examples 36

Examples Security 36

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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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