October, 2022

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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. By William Atkinson.

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Why retail banking presents rare opportunities right now

Accenture

The world of banking is big—too big for one person to cover alone, especially with today’s digitally-fueled pace of change. In that spirit, I’m turning my blog over to my colleague Steven Smith for this post on the once-in-a-generation opportunity emerging in retail banking right now.

Retail 221
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“Time-on-Task” Should Be Your Dominate Banking Metric

South State Correspondent

While “customer delight” is a worthy goal, few banks should focus on the concept. We covered various methodologies HERE.

Study 195
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Does your bank need cyber insurance?

Independent Banker

As digital crime evolves, cyber insurance could be part of the solution. We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. By Beth Mattson-Teig.

Montana 152
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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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You’ll Have to Open Your Checkbooks if You Want Consumers to Change Banks

Gonzobanker

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets.

Survey 78

More Trending

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Federal Banking Regulators Seek Comments for Additional Capital for Large Banks

Perficient

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR).

Capital 267
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5 ways ISO 20022 could rewrite the future of payments

Accenture

ISO 20022 is probably the biggest payments change of the last 30 years—if not more. It’s also no longer news. The industry has known for years that it’s coming. In fact, some institutions began their migrations over a decade ago.

Payments 466
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Abrigo CEO Wayne Roberts announces retirement

Abrigo

Abrigo announced the retirement of Chief Executive Officer Wayne Roberts and the company’s search for its next CEO. . Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions.

Texas 370
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Higher Rates – Faster for Longer

South State Correspondent

In the last 12 months, the Federal Reserve went from arguing that inflation was a transitory phenomenon to raising interest rates to fight runaway inflation by three percent in just six months.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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Brad M. Bolton: FedNow and faster digital payments

Independent Banker

Photo by Chris Williams. FedNow can be another positive differentiator for our nation’s community banks, but we must be ready for this real-time service and its 24/7/365 requirements.”.

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Afterpay adds monthly BNPL option

Payments Dive

The Block-owned buy now-pay later provider is growing beyond its “pay in 4” plans by adding a financing option for pricier purchases

Payments 512
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4 Ways Financial Institutions Can Help Their Customers Navigate Inflation

Perficient

Inflation reached a forty-one-year high in June , and according to the Consumer Price Index, prices have remained elevated. Many are struggling to make their dollars stretch and are looking to their financial institutions for guidance on how to better manage spending and stay afloat financially.

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Bitcoin can make the world green

Daily Fintech

Fast forward to 2140, when all 21 bitcoins are in circulation, what will happen to the network? Will miners continue to secure the network when the reward goes away?

Bitcoin 177
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8 Ways to Torture Your CFO

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

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things NOT to do when it comes to helping the CFO office support the business.

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Banking tech works best in a culture of innovation

Accenture

There have been impressive technological advances in banking systems in recent years. But banks can’t just purchase new software and expect it to magically improve their business—the product is only the beginning.

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10 Big and Small Ideas From Gartner and Money 20/20 – Recap

South State Correspondent

Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments.

Las Vegas 195
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Wood & Huston Bank’s life-saving donation

Independent Banker

After 40 years in its Cape Giradeau branch, Wood & Huston Bank moved to a new building and allowed firefighters to train in its former building.

Training 162
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Durbin maps path for card bill

Payments Dive

Dick Durbin and his Republican ally, Sen. Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill

Cards 467
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Shifting Focus in Today’s Market A Commercial Lender’s Guide

With today's market as it is, where should lenders shift focus? We’ll address 4 emerging products for 2023 and tell you the ‘why and the how’ including several lender use cases. Get the Guide

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4 Ways Insurers Can Help Communities Affected by Hurricane Ian

Perficient

Hurricane Ian slammed into Florida’s gulf coast and Georgetown, South Carolina, on September 28, leaving countless businesses and homes — if not wholly destroyed — drowned with flood water and without power.

Community 267
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Why & how Daily Fintech is releasing Front Page Weaver code to open source.

Daily Fintech

FrontPage is an expert-curated news service, with clickable news headlines plus a 250 character commentary – news you can trust from experts who have walked a mile in your shoes.

Meeting 155
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Why mobile apps need to deliver entire banking experience

ATM Marketplace

In an age where customers are more willing than ever to switch banking providers, banks need to step up their game when it comes to mobile apps

ATM 147
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We Need Your Help! Please Give Us 6 Minutes to Complete This Survey

South State Correspondent

Help us, help you. It is budget and strategic planning season, and many banks have asked for this data in order to help calibrate their bank. We are asking about your expected budgets, views on the economy, prospects for growth, and the most significant challenges.

Survey 195
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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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John V. Anderson: 75 years in community banking

Independent Banker

John V. Anderson bought F&M Bank in the early 1970s. It’s a third-generation family business today. John V. Anderson celebrates 75 years in community banking this year. The chairman emeritus of F&M Bank offers us a glimpse of his life, his career and the lessons he’s learned along the way.

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Fed majority votes to finalize debit rule

Payments Dive

In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online

Cards 459
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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

Key Takeaways. FinCEN reissued Geographic Targeting Orders to include two new metropolitan areas. Real estate purchases of $300,000 or more are affected by the GTO because they have historically been a successful vehicle for money laundering.

Las Vegas 195
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XBRL News about ESEF, DRR and Japanese governance

Daily Fintech

Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 What needs to be done on data quality?

Fintech 156
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How Automation Can Streamline Your Month-End Close Process

Start the new year with powerful automation for your month-end close and reconciliation process. See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit ready.