Sat.Sep 03, 2022 - Fri.Sep 09, 2022

How can banks embrace a growing Gen Z workforce?

Accenture

Getting young graduates excited about working in commercial banking will be a challenge for incumbents, as our report on Commercial Banking Top Trends in 2022 highlights. I began this series with a look at the industry’s outdated image in Wall St to Elm St: Surviving the talent nightmare.

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The Five Problems with Adjustable Rate Loans

South State Correspondent

A common strategy for community banks, when faced with a borrower that wants a 10-year fixed rate loan, is to offer a five-year fixed rate that adjusts in five years. Historically, this has worked for some customers and banks because, over the last 40 years, five-year rates have generally fallen.

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Banks want happy crypto campers

Daily Fintech

Small banks are facing intense competition from their big rivals and to compete effectively and win they need a smart strategy. If they try to fight toe to toe with the giants, they will be overpowered and outspent. So, how do they prevail? They need to think like David.

US Dollar Hits New Record High

South State Correspondent

US Dollar Climbs to New Record High. Treasuries are finding a bit of a bid this morning after what has been a rough couple of weeks, but we suspect smooth seas will be brief as the market contends with several forces. Corporate supply has been heavy following Labor Day and that is not unusual.

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Powering Personalization Through Customer Data

Finding the right CDP can help unlock the value of your customer data. This eBook offers guidance on choosing, deploying, and utilizing a CDP, along with a case study on how one bank put data into action to forge stronger connections with customers.

What's the future for bank branches?

ATM Marketplace

The future of bank branches will be interesting, according to Stephen K Griffin, SVP and director of the Retail Distribution Planning Group at Regions Bank. Griffin shared his insights in an opening keynote at the Bank Customer Experience Summit held in Chicago from Aug. 31 to Sept 1

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Now is the time to build a decisive super-app strategy

Accenture

Every bank of every size in every market will soon be forced to make a high-stakes decision: What should we do about super-apps? A bank’s answer to this simple, powerful question could mean nothing less than rewriting its strategy and rewiring its business model.

Inflation Trends Look Positive

South State Correspondent

Inflation Trends Look Positive. Treasuries are well bid this morning after reacting negatively to Fed Chair Powell’s Cato conference comments yesterday that didn’t retreat from any of the hawkishness of Jackson Hole.

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Running Up That Bill: Collections Lessons from Stranger Things

SWBC's LenderHub

In season four of Stranger Things, Eleven and the crew battle an ambiguously undead supervillain and his cadre of squelching vines and vampiric bats in the Upside Down to save the world. Collections

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Lawmakers push card companies to back gun-merchant code

Payments Dive

Democratic Congress members, in letters to the CEOs of Visa, Mastercard and American Express, pressed the companies to support creating a merchant code for gun sellers

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.

How can banking ops help increase productivity

Accenture

So far, in this series of blogs on the evolution of banking operations for the digital era, we’ve looked firstly at how banks can gain competitive advantage from bringing ops and tech closer together and then at how operations can help design and deliver compelling digital experiences for customers. In this third instalment, we home….

Deposit Marketing In the Age of Machine Learning

South State Correspondent

In the olden days, if you wanted to market deposits, the head of Retail would come to Marketing and say something like – “We need to raise deposits.”

Stablecoin News for the week ending Wednesday 7th September.

Daily Fintech

Here is our pick of the 3 most important stablecoin stories during the week. How rogue should your stablecoin be? While we wait for CBDC’s that may never arrive, should we be putting faith in designs that try to accommodate regulators or should we be preparing to live “off grid” as much as possible?

Healthcare fintechs targeted by cyber criminals

Payments Dive

Cybersecurity professionals say healthcare payments processing firms are particularly vulnerable to information technology breaches and ransom demands

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

Banks set to deliver on $369 billion climate act

Accenture

The $369 billion “climate action bill” that the US has just passed into law is positive news for banks committed to combatting climate change and advancing sustainability.

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What can ATMs learn from kiosks?

ATM Marketplace

Whether at the self-checkout, doctor's office or QSR, most consumers have had interactions with self-service kiosks. In fact, kiosks have become an essential part of the customer experience journey. That being said, what can the ATM industry learn from the rise of kiosks

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How financial services can build trust in the digital age

Bobsguide

According to research by PwC , trust in financial services has been eroded – fewer than one in three consumers trust their bank.

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Ramp jumps into cross-border payments

Payments Dive

The fintech startup is adding services as it targets a bigger bite of the $120 trillion business-to-business payments market

The Threat That Could End Community Banking & What To Do About It

A critical risk now facing community banks from the technology world and how to solve it.

OCC keeps focus on bank/fintech partnerships

CFPB Monitor

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern.

XBRL News from the US, India and the ISSB

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 Struggling to nab a federal contract?

Murex Develops Interface that Offers Fixed Income, Derivatives Data from ICE

Bobsguide

clients benefit from international venue data access that covers broad asset class range.

New Fed official speaks to payments, crypto and FedNow

Payments Dive

Here are 10 takeaways from the Fed's new head of supervision, on everything from payments to crypto to FedNow

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Revolut wants to compete with PayPal and Apple at online checkouts

BankInovation

Revolut Ltd. is launching a one-click payment feature in a bid to rival PayPal Inc. and other tech giants at online checkouts. Revolut Pay has signed up retailers including Shopify Inc.,

Cloud Data Combats Cyber Insurance Conundrum

Daily Fintech

The current reality is that costs of suffering cyberattacks continue to climb while the ability to insure against a possible cyber disaster diminishes. The cyber insurance gap is widening, with many businesses either uninsured or underinsured against a rising tide of cyber threats.

Private Market Hub Becomes the First Multi-jurisdictional, Multi-tenant Enabled Solution

Bobsguide

Private Market Hub Becomes the First Multi-jurisdictional, Multi-tenant Enabled Solution for Private Equity Firms Globally; Northern Trust funds first to go live on the new multi-jurisdictional environment.

Google invests in new cohort of Black entrepreneurs

Payments Dive

The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena

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Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.