Accenture

DECEMBER 6, 2021

If you believe the hype, neobanks are disrupting every corner of the financial services market. The biggest players are signing up tens of millions of customers, with some of them experiencing 150% year-on-year growth in their customer base, according to Accenture research. But as we discussed in our last post on how neobanks can balance…. The post For success, neobanks need to know their “why” appeared first on Accenture Banking Blog.

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Perficient

DECEMBER 6, 2021

So, you’re the CEO of a national banking corporation or a national savings bank. Therefore, your primary federal bank regulator is the Office of the Controller of the Currency (OCC). The OCC conducts frequent on-site examinations as they investigate, prepare, and then issue its reports of examination. Not only do you and your staff get to experience the joy of hosting the OCC examination teams, but your financial institution also gets to pay for the examinations. 2022 Assessment Schedule.

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National Examples Regulation Report 294

Abrigo

DECEMBER 10, 2021

New updates to the FFIEC BSA Exam Manual The December 2022 release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency. Would you like other articles like this in your inbox? Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. Takeaway 2 AML programs should be reviewed to ensure all current regulatory expectations are addressed.

Training 195

Training Regulation Policies ATM 195

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B in the most recent quarter. While that’s lower than the prior quarter, it’s up 121% for the year. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. #267 on the list is Thought Machine , a company started only six years ago th

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Accenture

DECEMBER 7, 2021

Money is on the move. Transactions that once took days now happen in seconds as new technology kickstarts a real-time payments revolution that is fundamentally changing how people work and live. The old 9-to-5 ways of doing business are being swept aside by the need to be able to send money anytime. All over the world, increasingly tech-savvy consumers and companies want their bill….

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Innovation Payments Technology Company 300

Abrigo

DECEMBER 10, 2021

Avoiding common loan review obstacles Three common weaknesses within the loan review process can prevent a loan review department from being fully effective. Learn how to strengthen your loan review process. Download Whitepaper . Takeaway 1 Financial institutions often lack independent assessments to evaluate processes and procedures. Takeaway 2 A key issue for FIs is a lack of documentation and supported data to make informed decisions.

Training 195

Training Policies Data Guidelines 195

SWBC's LenderHub

DECEMBER 6, 2021

Last Week. Yet another wild one, last week. The week started with further angst over the new COVID-19 variant, Omicron. While equities rallied Monday after the steep selloff on Black Friday, you could feel that the market was spooked and ready to sell-off.

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Accenture

DECEMBER 9, 2021

Every January since 2018, our annual “Top 10 Banking Trends” report has attempted to cut through the noise and reveal the real forces shaping the industry’s future. We’ll be hard at work putting the finishing touches on our 2022 version over the holidays. It will be unusual in more ways than one. On top of the bold predictions and fresh analysis you’re….

Banking Trends 290

Banking Trends Trends Analysis Report 290

BankInovation

DECEMBER 10, 2021

The COVID-19 pandemic and subsequent shut down has led to a significant increase among consumers adopting digital technologies to interact with the world. Now is an especially exciting time for financial services, Vince Passione, CEO of lending platform and online marketplace LendKey, tells Bank Automation News in this episode of "The Buzz” podcast.

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Lending Technology Online Retail 98

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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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Abrigo

DECEMBER 8, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 The board needs to see the BSA program from a higher level to understand the enterprise-wide risk to the institution. Takeaway 2 An in-person or video conference can help FIs facilitate deeper discussions and answer questions as needed.

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Training Resources Video Compliance 195

ATM Marketplace

DECEMBER 7, 2021

Will ATMs still be worth it in 2022? The short answer is: yes. Read more for the long answer.

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ATM 131

Accenture

DECEMBER 8, 2021

For many years, banks have been digitising their existing products and channels to make it easier for customers to do what they do already. As Open Banking becomes ever more pervasive, it has capitalized on customer payment data to allow customers not just to do familiar things more easily or at lower cost, but to do new things they never knew…. The post Are you ready for the Open Finance wave?

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BankInovation

DECEMBER 9, 2021

State Street announced Monday it had completed a margin calculation process for a live trade of a 30-day foreign exchange (FX) forward contract with Vanguard using blockchain technology and smart contracts to automate the collateral settlement. The $100,000 trade between the $323.1 billion State Street and the investment company Vanguard as counterparties was a pilot […].

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blockchain Technology Company 98

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Abrigo

DECEMBER 7, 2021

How do other FIs organize their loan review function? Regardless of how the loan review function is organized, it’s paramount that the loan review function is independent. You might also like this whitepaper, Effective Loan Review. DOWNLOAD Now. Takeaway 1 An FI’s loan review function can be organized internally, externally, or through a hybrid approach.

Risk Management 195

Risk Management Lending Survey Report 195

CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced plans to discontinue LIBOR after 2021.

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Regulation Cards Compliance Groups 78

Jack Henry

DECEMBER 6, 2021

Audits and regulatory examinations are inevitable in the financial industry. Audit findings don’t need to be, but as banking services grow more sophisticated and compete at fever pitch, you might find yourself postponing that risk assessment meeting to focus on your new digital banking platform release. Maybe the new release has caused an increase in customer calls and now you also need to postpone your InfoSec Committee meeting to support your teams.

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Security Meeting Digital Banking Industry 78

BankInovation

DECEMBER 10, 2021

In this week’s episode of “The Buzz” podcast, the Bank Automation News editors discuss the recent earnings report for robotic process automation company UiPath, and its plans for expanding its solution, exploring why UiPath might have mergers and acquisitions ahead. The BAN team also addresses the role blockchain played in a recent foreign exchange live […].

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blockchain Report Company Bitcoin 98

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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.

Lending

Abrigo

DECEMBER 7, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment. Takeaway 2 Inherent risk and residual risk should be evaluated before mitigating factors are considered.

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How To Fraud Analysis Compliance 195

CFPB Monitor

DECEMBER 9, 2021

In remarks given on Tuesday to the National Association of State Attorneys General (NAAG), CFPB Director Chopra promoted an aggressive approach to enforcement by both the CFPB and state attorneys general (AGs). In his most noteworthy remarks, Director Chopra: Identified federal preemption as having played a major role in the 2007-2009 sub-prime mortgage crisis and suggested that the OCC had used preemption “to attack state consumer protection enforcement.

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National Lending Regulation Compliance 78

Banking Exchange

DECEMBER 8, 2021

ABA president and CEO says report uses ‘dated information’ to ‘unfairly criticize banks’ Compliance Duties Feature Feature3 Compliance Management Compliance/Regulatory.

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Compliance Management Report 78

BankInovation

DECEMBER 8, 2021

KeyBank’s Laurel Road for Doctors, a digital banking platform tailored to physicians and dentists, has signed up 5,000 users since its March launch. Now, the $187 billion bank plans to apply its targeted-demographic strategy with a similar offering for nurses to launch in early 2022. It’s a potential market of more than 4 million users […].

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Strategy Digital Banking Marketing Digital Strategies 98

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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William Mills

DECEMBER 6, 2021

Welcome back to WMA’s Finovate 2021 video series. This week, we are sharing a discussion between William Mills, CEO of WMA, and Beth Johnson, chief experience officer at Citizens Financial Group. The pair discusses changes in the digital landscape, catering to rapidly evolving customer preferences, and the future of financial services.

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CFPB Monitor

DECEMBER 8, 2021

The U.S. House of Representatives has fired another salvo against class and collective action waivers in employment agreements. The recently passed Build Back Better Act (BBB Act) would amend the National Labor Relations Act (NLRA) to make it unlawful for employers to enter into or attempt to enforce any agreement whereby, prior to a dispute, “an employee undertakes or promises not to pursue, bring, join, litigate or support any kind of joint, class, or collective claim” relating to the employm

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System United States National Mobile 78

Banking Exchange

DECEMBER 8, 2021

Operational and strategic risk elevated as Covid-19 relief winds down Risk Management Feature Financial Trends Feature3 The Economy Covid19 PPP Performance.

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Risk Management Trends Operations Management 78

BankInovation

DECEMBER 8, 2021

Wisconsin-based Horicon Bank is making use of its acquisition this year of fintech startup Monotto to drive digital innovation at the community bank. The $1.2 billion Horicon Bank made a strategic move with its acquisition of Atlanta-based Monotto, bringing both fintech talent and technology to the bank. In September, Horicon leveraged those and other IT […].

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Community Bank Community Wisconsin Fintech 98

Advertiser: Data Robot

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.

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