Accenture
OCTOBER 10, 2022
Banks face a trust paradox. While customers trust banks with their money, only 19% of them say they are interested in receiving advice from a bank. And the more digital banks become, the less connected they are with their customers. As banks rapidly boosted their digital touchpoints during the pandemic, now is the time to…. The post Why banks should look Beyond Advice for growth appeared first on Accenture Banking Blog.
Payments Dive
OCTOBER 10, 2022
The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.
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Abrigo
OCTOBER 14, 2022
Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." DOWNLOAD. Takeaway 1 Loan modifications training, automating processes, and updating policies and procedures can help prepare organizations for change.
South State Correspondent
OCTOBER 12, 2022
While “customer delight” is a worthy goal, few banks should focus on the concept. We covered various methodologies HERE. Instead of trying to “Wow” your customer, in this article, we present the “time-on-task metric” (and its companion, the Customer Effort Score (CES) framework) and detail not only why it matters but why it can change the course of your bank.
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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
Bobsguide
OCTOBER 9, 2022
Leading fintech company AutoRek is delighted to have been recognised at the Scottish Financial Technology Awards 2022 , held on Thursday, 6 October, where it won in the ‘Payments Innovation’ category. The judges said AutoRek demonstrated clear market fit and praised both its level of innovation and laser-focused commitment to solving a specific but widespread problem in the industry.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jack Henry
OCTOBER 12, 2022
On September 21, 2022, the Federal Open Market Committee (FOMC) increased the federal funds rate by 0.75% to help achieve its objective of maximum employment and controlled long-term inflation at 2%.
South State Correspondent
OCTOBER 10, 2022
Funds transfer pricing (FTP) has been an essential tool for financial institutions for several decades. FTP was introduced to banks in the early 1980s to help manage interest rate risk on a transactional basis. FTP gained further focus after the 2007 financial crisis when financial firms failed partly because of the lack of funds transfer pricing application and rigor.
ATM Marketplace
OCTOBER 11, 2022
The world is finding its way to a new normal and the role ATMs have in our society is as well. While cash is still very popular, the events of the last few years have supercharged a shift in the way banks and ATMs provide services customers. Download this report to see the latest trends.
Payments Dive
OCTOBER 12, 2022
U.S. Sen. Dick Durbin wasn’t able to attach the Credit Card Competition Act proposal to a defense funding bill this week, but he will try again next month.
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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
TheGuardian
OCTOBER 13, 2022
There is ‘no justification for lifting the cap’ on bonuses, said general secretary Frances O’Grady Bankers’ bonuses have doubled since the 2008 financial crash, according to research by the TUC, which accuses the government of enriching City financiers while “holding down” the pay of key workers. The unions’ umbrella body said bonuses in finance and the insurance sector have reached a record £20,000 a year on average – which it says is almost one-and-a-half times the average pay collected by tea
BankUnderground
OCTOBER 13, 2022
John Lewis. Cryptoassets and the crypto ecosystem as a whole has to face many of the same challenges as conventional assets and the regular financial system do. The same classic problems which are staple of economics textbooks (and history books), such as maturity mismatch, liquidity shortages, credibility, and collateral feedback loops. But whereas the conventional system has learned from the past and evolved to deal with them, much of the crypto ecosystem seems to have overlooked them.
ATM Marketplace
OCTOBER 14, 2022
As banks have had to make adjustments in light of COVID-19 and customer expectations, they have had to rely more, not less, on self-service channels, including ATMs. A webinar sponsored by KAL ATM Software analyzed findings of the 2022 ATM and self-service software trends report on how the ATM industry is evolving.
Payments Dive
OCTOBER 11, 2022
Payment processing giant Fiserv pared more employees in recent weeks as the company seeks to boost profit margin growth amid economic turmoil.
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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.
TheGuardian
OCTOBER 13, 2022
Survey of lenders paints gloomy picture of new deals drying up and end to ‘golden era’ of cheap mortgages The number of mortgage defaults are expected to rise in the coming months, according to Bank of England data released on Thursday, while the number of new loans will continue to fall amid warnings that the “golden era” of cheap deals is ending. The UK central bank’s latest quarterly credit conditions survey paints a gloomy picture, with the number of mortgage deals already falling before the
BankInovation
OCTOBER 10, 2022
Think of this less like one of those WikiHow articles you pilfer through when you don’t know how to dance at a wedding or fix a flat tire (although these skills are very, very important) and more like an Atul Gawande checklist to building a modern Treasury Services department at a bank. Do you use […].
ATM Marketplace
OCTOBER 11, 2022
Despite rumors to the contrary, consumers still want cash access and as a result the need for recycling and cash management is still great. ATMs can meet all of these needs.
Payments Dive
OCTOBER 12, 2022
Restaurant payments company Toast may be on a path to profitability by the third quarter of next year, Mizuho Americas analysts predicted this week.
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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.
FICO
OCTOBER 12, 2022
Home. Blog. FICO. Risk-Aware Marketing to Personalize Telco Customer Engagement. Here's how technology from the banking space can help telcos compete with aggressively competitive sales and retention tactics. FICO Admin. Tue, 07/02/2019 - 02:45. by Tim Young. expand_less Back To Top. Wed, 10/12/2022 - 15:35. Telcos are entering a brave new world of aggressively competitive sales and retention tactics.
BankInovation
OCTOBER 10, 2022
Payment routing platform Pinwheel has released a new immediate earned wage access (EWA) product that allows customers to pull funds outside of a typical paycheck cycle by scanning and analyzing their payment history. Earnings Stream, which runs on APIs and connects to more than 1,600 payroll platforms, gathers large amounts of earnings and payment data […].
TheGuardian
OCTOBER 10, 2022
Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments Follow our Australia news live blog for the latest updates Get our free news app , morning email briefing or daily news podcast Executives at Australia’s big four banks will face anger over funding fossil fuels this annual meeting season, with shareholder activists renewing efforts to force them to account for investments that increase global heating.
Payments Dive
OCTOBER 13, 2022
The Federal Reserve’s vice chair for supervision stressed caution for banks’ ties to crypto and spotlighted how stablecoins differ from other digital assets.
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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.
CFPB Monitor
OCTOBER 13, 2022
We discuss the FDIC’s final rule on misuse of the FDIC name or logo, advisory to insured banks on deposit insurance and dealings with crypto companies, and cease and desist letters to five crypto companies alleging they made false and misleading statements about deposit insurance. We also discuss the CFPB’s circular warning that a misrepresentation involving the FDIC name or logo can constitute a UDAAP violation.
BankInovation
OCTOBER 10, 2022
TD Bank’s approach to embedded banking starts at the core before seeking client feedback to determine which capabilities to add next. The $1.4 trillion bank understands that commercial customers report financials and reconcile their records — so that’s where integration begins, Paul Margarites, head of commercial digital platforms at Cherry Hill, N.J.
Jack Henry
OCTOBER 12, 2022
Amidst the hustle and bustle of working this year’s Jack Henry Connect, I had the great fortune to attend some inspiring sessions focused on capturing commercial accountholders. It was clear from the start this challenge would require an entire ecosystem of financial technology – satisfying a diversity of businesses with equally diverse needs requires solutions that provide optionality and allow for a tailored strategic approach.
Payments Dive
OCTOBER 11, 2022
Four billion-dollar payments acquisitions this year reflect industry dynamics that will drive more buyouts in coming months, analysts say.
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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