June, 2023

article thumbnail

The Biggest Challenges and Opportunities for Credit Unions from a Marketing Perspective

The Financial Brand

This article The Biggest Challenges and Opportunities for Credit Unions from a Marketing Perspective appeared first on The Financial Brand. Credit unions view relationship marketing and artificial intelligence as big opportunities. But they also have some challenges banks don't have to worry about. This article The Biggest Challenges and Opportunities for Credit Unions from a Marketing Perspective appeared first on The Financial Brand.

article thumbnail

Community bank stocks mount relief rally

American Banker

After shares dropped in the aftermath of recent failures, most banks demonstrated resilience and investors started to buy back into the sector.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Embold Credit Union CEO: Tougher times are looming

American Banker

At the Milwaukie, Oregon, institution, total loans increased 16% in the first quarter from a year earlier. But President and CEO Aaron Goff predicted this would level off significantly for his credit union and the industry overall.

Oregon 73
article thumbnail

How are banks automating or failing to automate?

ATM Marketplace

Banks are typically seen as traditional organizations; however, many are embracing automation to improve efficiency and meet customer needs. That being said, there are still barriers to a full embrace of the technology.

Meeting 118
article thumbnail

Live Demo: How to Achieve Reconciliation Zen

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

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

How digital transformation can make banks stronger

ATM Marketplace

Valley Bank recently made a major digital transformation. Brad Cooper, editor of ATM Marketplace, spoke with Daniel Brown, editor of Digital Signage Today, about what this means for the banking industry as a whole.

ATM 111

More Trending

article thumbnail

Banks and Credit Unions Rethinking Priorities Amid Economic Uncertainty

The Financial Brand

This article Banks and Credit Unions Rethinking Priorities Amid Economic Uncertainty appeared first on The Financial Brand. Technology & third-party collaborations are not just value-added propositions, but fundamental elements to meet strategic banking urgencies. This article Banks and Credit Unions Rethinking Priorities Amid Economic Uncertainty appeared first on The Financial Brand.

article thumbnail

3 trends driving payments innovation, according to Bank of America exec

BankInovation

Consumer trends and needs directly affect payments innovation through the application of AI in finance, real-time payments enhancements and global transaction capabilities.

America 98
article thumbnail

Is the NCUA really about to loosen credit union membership rules again?

American Banker

Further changes to field of membership rules will result in credit unions so big that they lose focus on the communities they were chartered to serve.

article thumbnail

Shopify taps Adyen in bid for bigger clients

Payments Dive

Canadian e-commerce company Shopify is upgrading its integration with Dutch fintech Adyen in an effort to serve larger merchants in North America, and on the international stage.

America 418
article thumbnail

New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

article thumbnail

Bold banks tackle supply chain emissions

Accenture

A few bold banks are beginning to see the benefits of working together to tame supply chain emissions. They’re sharing ideas about how they can more accurately measure these Scope 3 emissions that are generated by their suppliers. And, most important, they’re exploring ways to reduce them. The discussions involve several big retail banks and… The post Bold banks tackle supply chain emissions appeared first on Accenture Banking Blog.

Retail 293
article thumbnail

In Rough Times, a Confident Board is the Best Asset

Gonzobanker

A recent Gallup survey notes 48% of Americans are worried about the safety of their money in banks. How worried are bank boards? So Gonzo Bankers, are you feeling like the worst of the banking chaos is behind you, or are you peering around the corner like you’re in a classic horror-movie scene? Lately, it feels like a “B” movie where the villain has just been slain and you’ve let your guard down only to have the villain open their eyes!

Capital 157
article thumbnail

HUD Requires Use of Supplemental Consumer Information Form for FHA Mortgage Loans

CFPB Monitor

The U.S. Department of Housing and Urban Development (HUD) recently announced in Mortgagee Letter 2023.13 that lenders must use the Supplemental Consumer Information Form (SCIF) of Fannie Mae and Freddie Mac in connection with FHA insured mortgage loans with application dates on or after August 28, 2023. As previously reported , in May 2022 the Federal Housing Finance Agency announced that for residential mortgage loans to be sold to Fannie Mae or Freddie Mac with application dates on or after M

Report 148
article thumbnail

The Three-Digit Summary Of Financial Wellness

BankBazaar

To many, a Credit Score may seem like a simple, inconsequential three-digit number. However, for a lender, it gives deeper insight into a borrower’s financial behaviour and patterns. They look at the credit reports to understand the borrower’s ability and willingness to pay off debt. You can imagine how crucial that is because, at some point in life, the need to get a Credit Card or a Personal Loan may arise.

Cards 147
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

What can we learn about monetary policy transmission using international industry-panel data?

BankUnderground

Sangyup Choi, Tim Willems and Seung Yong Yoo How does monetary policy really affect the real economy? What kinds of firms or industries are more sensitive to changes in the stance of monetary policy, and through which exact channels? Despite advances in our understanding of the monetary transmission mechanism, existing studies have not reached a consensus regarding the exact mechanics of transmission.

Policies 114
article thumbnail

Global Payments mulls price increases

Payments Dive

Global Payments CEO Cameron Bready called the payment services pricing environment “favorable” in light of increases rivals have made.

Payments 459
article thumbnail

3 efficient ways to win the payments innovation race

Accenture

Banks and other incumbent payment players face an intriguing paradox right now. They must innovate to stay relevant, but their discretionary budgets for innovation are limited. They must find a way to do more with less. Rapid growth in the payments market, which is attracting a wide range of new value propositions and competitors, adds… The post 3 efficient ways to win the payments innovation race appeared first on Accenture Banking Blog.

article thumbnail

Baker Hill to Be Acquired by Flexpoint Ford: So What?

Gonzobanker

The Flexpoint Ford deal looks good, but there are some things to keep an eye on Baker Hill , a provider of cloud-based, end-to-end loan origination, risk management and analytics software, recently announced that Flexpoint Ford , a private equity firm specializing in investments in the financial services and healthcare industries, agreed to acquire the company.

Fintech 145
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.

article thumbnail

DOJ announces consent order with property management company to resolve alleged SCRA early lease termination violations

CFPB Monitor

On June 13, 2023, the Department of Justice (“DOJ”) announced that it had settled an action against a multi-family residential property management company for alleged violations of the Servicemembers Civil Relief Act (“SCRA”) prohibition on imposing early termination charges when a servicemember lawfully terminates a residential lease after receiving military orders. .

article thumbnail

Bitcoin ATM operator demands Texas sheriff return funds seized in ransomware scam

ATM Marketplace

The sheriff claims his office acted appropriately in seizing cash from the machine and returning it to the victim of a ransomware scam. BItcoin Depot claims legal procedure was not followed.

Bitcoin 100
article thumbnail

Thinking about retiring from appraising 

Realwired Appraisal Management Blog

With the current bank slowdown, many in the valuation field are considering retiring. In the past, retiring meant taking less jobs but not a full stop. Does green golf courses or fishing on the bay in your center console boat sound alluring? Maybe it’s thoughts of getting to all those house projects.

Course 98
article thumbnail

FedNow battles conspiracy theories

Payments Dive

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

System 459
article thumbnail

Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

article thumbnail

Inside look: Discover Financial Services’ approach to responsible AI

BankInovation

Vetting new technology and jumping through compliance hoops is nothing new for financial institutions — and implementing AI should be no different. In theory. As technology advances and large language models (LLM) improve daily, financial institutions (FI) are finding new applications for it.

article thumbnail

The Newest Neobank is for the 62+ Crowd

Gonzobanker

The launch of Charlie points to an underserved niche in banking: older adults. Well, it happened. At last. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s called Charlie , and its appeal is emotional. “You’ve been the everything to everyone. Now it’s your turn” reads the tagline on its website. At first glance, the account resembles plenty of others – free ATM access at thousands of locations, no monthly fees and no minimum account balances.

article thumbnail

FTC settles lawsuit against Publishers Clearing House involving alleged use of “dark patterns”; Ballard Spahr to hold Aug. 8 webinar

CFPB Monitor

Less than a week after announcing that it had filed a civil case against Amazon alleging that the company used “dark patterns” to enroll people in its Prime program, the FTC announced that it has entered into a settlement with Publishers Clearing House (PCH) to settle charges involving PCH’s use of “dark patterns.” .

Company 145
article thumbnail

Understanding climate-related disclosures of UK financial institutions

BankUnderground

Jonathan Acosta-Smith, Benjamin Guin, Mauricio Salgado-Moreno and Quynh-Anh Vo Over the past years, a growing consensus has acknowledged the need to construct a ‘ system [wherein] every financial decision takes climate change into account ‘ While such a system is still far from reality, market participants already produce and demand an increasing amount of climate-related information.

article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.