Accenture

MARCH 27, 2023

Having pulled through the Covid pandemic, the unravelling of international supply chains and a global energy crunch, commercial banks must now grapple with a spike in interest rates and the collapse of some high-profile peer institutions. Rarely have I seen the banking industry in such flux and uncertainty. How should banks respond? My advice: Pause… The post Commercial banks must now focus on fundamentals appeared first on Accenture Banking Blog.

Industry 391

Industry Banking Trends Trends 391

Payments Dive

MARCH 23, 2023

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

Payments 545

Payments System Company 545

Perficient

MARCH 30, 2023

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. The “cloud” refers to a global network of servers, each with a unique function, that works in tandem to enable users to access files stored within from any approved device. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device.

Training 492

Training Security Data Regional 492

CFPB Monitor

MARCH 9, 2023

The U.S. Department of Housing and Urban Development (HUD) recently issued a final rule extending the maximum term of an FHA loan modification from 30 to 40 years. The rule is effective May 8, 2023. HUD also issued Mortgagee Letter 2023-06 incorporating a 40-year standalone loan modification into FHA’s COVID-19 loss mitigation policies for situations in which partial claim funds are not available. .

Policies 148

Policies 148

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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.

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ATM Marketplace

MARCH 17, 2023

In a world of increasing competition for customers with neobanks and major staffing challenges at the branch level, banks need to find ways to reduce costs. One method gaining popularity is cash recycling.

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Accenture

MARCH 20, 2023

The COVID-19 pandemic increased the tempo of change in consumer behaviors and expectations. Payments, characteristically, is at the forefront of the change. In “Payments gets personal—strategies to say relevant,” our report on an Accenture survey of 16,000 payments customers across 13 different countries, we revealed how the return of meaningful interest rates is interacting with… The post Four strategies for consumer payments growth in 2023 appeared first on Accenture Banking Blog.

Strategy 425

Strategy Payments Survey Report 425

Payments Dive

MARCH 14, 2023

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

Millennials 518

Millennials Cards Company 518

TheGuardian

MARCH 24, 2023

Stock markets slide as banking shares and oil prices tumble; Bank of England governor Andrew Bailey appeals to businesses to avoid price rises because higher inflation ‘hurts least well-off in society’ Stock markets are in the red again, with the FTSE 100 index down 67 points, or 0.9%, at 7,431, dragged down by banks NatWest Group , Barclays , Standard Chartered and the insurer Prudential , as concerns over the banking sector persist.

Marketing 102

Marketing Groups 102

CFPB Monitor

MARCH 2, 2023

The CFPB recently issued two proposals that would require nonbanks to register with and submit information to the CFPB for publication in an online, publicly available database. The proposals represent an aggressive attempt by the CFPB to enhance its supervisory and enforcement authorities and carry significant potential implications for nonbanks that would be required to register.

Online 148

Online 148

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Fintech

ATM Marketplace

MARCH 28, 2023

There are many conflicting reports about why SVB fell apart and what it means for consumers in general. To gain insight into what actually happened, and how consumers should react, ATM Marketplace reached out to Ann Kaplan, founder of iFinance.

ATM 120

ATM Report 120

BankInovation

MARCH 14, 2023

As core legacy systems become inefficient, slow, and unable to keep up with present day customer expectations, more and more financial institutions are facing the same question: how do we modernize these systems without the high costs and long turnover time? The answer is fintech enablement.

System 98

System Fintech 98

ABA Community Banking

MARCH 1, 2023

As a bank leader, Alicia Wade notes that we're at a unique moment that won't recur for many years: having four generations, from Baby Boomers to Gen Z, working alongside each other. The post Podcast: Building banker skills with cross-generational learning appeared first on ABA Banking Journal.

Customer Experience 98

Customer Experience Resources Millennials Community Bank 98

Payments Dive

MARCH 21, 2023

The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.

Meeting 459

Meeting Cards Company 459

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Innovation

TheGuardian

MARCH 21, 2023

Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way? The global financial system is facing a crisis of confidence. Which makes this week’s meeting of America’s central bankers critically important. None of the 12 members of the Federal Reserve Board’s Open Market Committee were elected to their posts.

Meeting 103

Meeting System Marketing US 103

CFPB Monitor

MARCH 30, 2023

Earlier this week, the U.S. Supreme Court agreed to hear a case in which the question presented is whether an Americans with Disabilities Act (ADA) “tester” has Article III standing to challenge a place of public accommodation’s failure to provide disability accessibility information on its website, even if she lacked any intention of visiting that place of public accommodation. .

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ATM Marketplace

MARCH 3, 2023

Octavio Marquez, president and CEO of Diebold Nixdorf shared insights on self-service technology trends, the importance of cash recycling and more in an informative interview.

Trends 120

Trends Technology 120

FICO

MARCH 14, 2023

Home Blog FICO Claims Automation for Health Plans: Transformation with a Small “t” By focusing on transformation with a small “t” that addresses measurable performance gaps, health plans and administrators can use claims automation to control costs and risk FICO Admin Tue, 07/02/2019 - 02:45 by Paul Crowder expand_less Back To Top Tue, 03/14/2023 - 14:15 Some time ago, I witnessed a plea for help in a global healthcare summit from a Director of Claims Management for assistance in automating thei

Software 98

Software Management Analytics Operations 98

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Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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BankInovation

MARCH 30, 2023

When ChatGPT seemingly burst on the scene late last year, everyone from college students to CEOs took notice. For financial institutions, ChatGPT is just one tool in their digital transformation toolkit.

Tools 98

Tools Digital Banking Customer Experience Retail 98

Payments Dive

MARCH 13, 2023

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

Payments 486

Payments 486

Commercial Lending USA

MARCH 15, 2023

fix and flip loans no money down have become popular with investors because they allow you to use someone else's money to fund your project. That's right.

How To 98

How To Lending 98

CFPB Monitor

MARCH 6, 2023

The CFPB has issued a new report ,“ Consumer Use of Buy Now, Pay Later: Insights from the CFPB Making Ends Meet Survey ,” that looks at the financial profiles of consumers who use buy-now-pay-later (BNPL) products. The report uses data from the CFPB’s 2022 Making Ends Meet survey (responses of 2,036 consumers) and the CFPB’s Consumer Credit Panel. .

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Report Survey Meeting Data 146

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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ATM Marketplace

MARCH 10, 2023

Cashless ATMs have been in the news cycle regularly, particularly in the cannabis space. These are more or less point-of-sale devices that mimic ATMs, but the devices can also land merchants in trouble as they violate ATM network rules.

ATM 118

ATM 118

CB Insights

MARCH 14, 2023

For its 2,690+ fintech clients, Silicon Valley Bank (SVB) is more than just a bank. In addition to the venture debt financing and startup banking that it’s known for, SVB is a gateway for commercial payments and online payments acceptance. In fact, it markets itself not as a bank, but as a financial technology partner. According to SVB, its clients account for 71% of all fintech IPOs since 2020.

Fintech 83

Fintech Company Financial Technology Online 83

BankInovation

MARCH 21, 2023

Many financial institutions struggle to decide where they should focus their strategic modernization efforts. Should they prioritize back-office and core capabilities or more tactical front-end and point solutions? Trying to choose the best option often leads to significant resource use and major inefficiencies.

Fintech 98

Fintech Resources 98

Payments Dive

MARCH 27, 2023

The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

Retail 459

Retail Cards Online Company 459

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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

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