Thu.Dec 02, 2021

Four ways data can improve banks’ bottom line

Accenture

Banks that are mastering data-driven analysis to unlock a detailed understanding of their customers are using that information to drive tenfold returns on investment. Any advantage in knowledge and strategy can be potentially crucial to increasing profits.

Data 289

Budget Surplus? 5 Ways to Invest in Your Financial Institution with This Year’s Excess Budget

Abrigo

Spend Leftover Budget Wisely for Growth Financial institutions with surplus budget funds can invest in growth for next year by spending wisely now. Learn how a core deposit analysis helped improve this institution's forecasts. Read more.

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Trending Sources

Striking a Balance: Fraud Prevention Versus User Experience in Digital Applications

Strategically Speaking

When it comes to signing up for a new Netflix account, customers can go from first click to watching movies in minutes. This means that when they open a new account at your bank or credit union, they aren’t thinking about the complex security measures that go into protecting their funds.

XBRL News from Europe

Daily Fintech

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

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.

Judge blocks Memphis credit union's acquisition of local bank

American Banker

Credit unions M&A

More Trending

Europe's homegrown payments network gains momentum

American Banker

Payments

VentureTech 21 – What CUs, Fintechs and Investors need to know about the industry’s showcase

William Mills

A few weeks ago, I attended VentureTech 21 , advertised as a “fintech showcase for the entire credit union industry.”

National Bank of Canada looks to fintech, open banking in Q4 earnings

BankInovation

A focus on fintech innovation, open banking attainability, and year-over-year indicator growth marked Wednesday’s Q4 earnings call for the National Bank of Canada (NBC). The bank reported revenues of $7 billion, up 13% from the previous year. Total assets increased to $277.3

No end in sight for COVID restrictions at banks, credit unions

American Banker

Credit unions Community banking Coronavirus Branch 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.

CFPB and Overdrafts: No More Mr. Nice Guy

New York's State of Mind

Yesterday, the CFPB released two reports detailing the overdraft fee practices of both large and small banks and credit unions. While this in itself is not all that surprising, after all the CFPB has grumbled about overdraft fees since its inception, when coupled with the statements of Director Chopra, it’s clear that overdrafts are going […]. General CFPB overdraft fees

Why Atlanta is setting up savings accounts for kindergartners

American Banker

ESG Politics and policy College savings plans

CFPB enters into settlement of lawsuit challenging legality of its Taskforce on Federal Consumer Financial Law; agrees creation of Taskforce violated federal law

CFPB Monitor

The CFPB has agreed to settle the lawsuit filed by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor Kathleen Engel challenging the legality of the Bureau’s Taskforce on Federal Consumer Financial Law.

Core vendors seek to eliminate barriers in bank-fintech partnerships

American Banker

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.

Federal financial regulators tighten timelines for reporting ransomware attacks

CFPB Monitor

As anticipated, the OCC, Federal Reserve Board, and FDIC recently approved and released the Final Rule Requiring Computer-Security Incident Notification (“Final Rule”). The Final Rule is designed to promote early awareness and stop computer security incidents before they become systemic.

Toronto-Dominion profit tops estimates on Canadian recovery

American Banker

Mortgages Earnings

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This week’s podcast: “The Case For Regulation Through Rulemaking & Guidance”: A discussion of the Consumer Bankers Association’s white paper with special guests Dan Smith, CBA Executive Vice President, and Ebony Johnson, CBA Associate General Counsel

CFPB Monitor

Joined by two CBA representatives who previously served at the CFPB, we discuss the key arguments advanced in the white paper for why rulemaking and informal written guidance are more effective tools than enforcement for the Bureau to use to create new standards and expectations for industry and to carry out its consumer protection mission.

Can You Retain And Win All Of Your Bank Account Holders’ Business?

The Emmerich Group

Do you hold the entire relationship for every one of your bank account holders? I hope you do. But maybe you don’t. And maybe your people don’t know how to get effective cross-selling done.

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.

Michigan credit union expands its field of membership

American Banker

Credit unions

Digital Account Opening in Finance: What Consumers Want

Fico Collections

All businesses are now managing a tricky balancing act to meet digital consumers’ expectations. We’re an impatient lot and our tolerance for delays is getting shorter, driven in part the ongoing pandemic.

Heartland, Farmers credit unions in Kansas to merge

American Banker

Credit unions M&A

Jeeves taps Mastercard for business cards

The Paypers

Jeeves has tapped Mastercard to launch physical and virtual business cards in Mexico that let businesses pay in currencies from any country where Mastercard operates

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.

Fannie Mae promotes two longtime leaders to key positions

American Banker

Career moves Industry News Career advancement Fannie Mae GSEs

Verto streamlines cross-border payments with Banking Circle

The Paypers

UK-based B2B cross-border payment provider Verto has teamed up with payments bank Banking Circle to streamline international payments for its clients

CIBC misses profit estimates as expenses accelerate

American Banker

Expense management Earnings

UniTeller and Tranglo partner to expand remittance services in APAC countries

The Paypers

US-based cross-border and remittance payments processors UniTeller has partnered with Malayisian payment service provider Tranglo to expand its services in the Asia Pacific area

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.