Perficient

APRIL 20, 2023

The Landscape According to Forbes Advisor: 2022 Digital Banking Survey , as of 2022, 78% of adults in the U.S. prefer to bank via a mobile app or website. That’s a whole lot of consumers, all of whom come with unique expectations, needs, and data. And those consumers desire digital experiences that are personalized and meaningful. In fact, Gartner shares that brands risk losing 38 percent of customers from poor personalization efforts.

Marketing 285

Marketing Digital Banking blockchain Marketing Strategies 285

The Banker

APRIL 17, 2023

A simple framework could help senior financial services leaders embed organisational resilience and proactively navigate the evolving risk landscape, according to Torry Berntsen.

Management 70

Management 70

South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. The concern is grounded in data as higher balance accounts are more interest rate and risk-sensitive than lower balance accounts. While every bank is now tracking the general metric, only a few banks monitor deposit performance in the category. That is a mistake, as this segment is likely the segment where you can quickly improve deposit performance.

How To 195

How To Community Bank Regional Payments 195

Payments Dive

APRIL 19, 2023

A court initially imposed a $49.5 million judgment against a group of Nexway companies over processing payments tied to tech support scams, but they’ll ultimately pay the smaller fine for defrauding consumers.

Fraud 367

Fraud Cards Payments Groups 367

Advertiser: Data Robot

Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

Technology

South State Correspondent

APRIL 18, 2023

In recent articles ( here and here and here ), we discussed why banks that take risks to earn higher revenue demonstrate lower performance as measured by return on assets (ROA). Empirical evidence, historical bank failures, and common sense teach us that many risks do not translate to higher yields. We analyzed why pay-for-risk does not lead to higher performance, whether that risk is credit or interest rate risk.

Strategy 195

Strategy Community Bank Regional Lending 195

CFPB Monitor

APRIL 17, 2023

On April 6, 2023, the U.S. Department of the Treasury released a report examining vulnerabilities in decentralized finance (“DeFi”), including potential gaps in the United States’ anti-money laundering (“AML”) and countering the financing of terrorism (“CFT”) regulatory, supervisory, and enforcement regimes for DeFi. The report concludes by making a series of recommendations, including the closing of “gaps” in the application of the Bank Secrecy Act (“BSA”) to the extent that certain DeFi ser

Report 148

Report United States 148

Payments Dive

APRIL 20, 2023

The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.

Payments 545

Payments 545

ATM Marketplace

APRIL 18, 2023

The Bank Customer Experience Summit will analyze the cutting edge of customer and banking trends and will be held in tandem with the Interactive Customer Experience Summit in Charlotte, North Carolina from Sept. 11 to 13.

Customer Experience 90

Customer Experience North Carolina Trends Charlotte 90

BankBazaar

APRIL 19, 2023

The Reserve Bank of India (RBI) paused the repo rate at 6.50% this month. This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. Interest rates have been rising in lockstep with the repo rate. But the markup on those loans have fallen to a three-year low.

Payments 78

Payments Retail Examples Management 78

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

Fraud

CFPB Monitor

APRIL 21, 2023

On April 17, the Consumer Bankers Association (CBA) issued a news release responding to the CFPB’s proposal to lower the credit card late fee safe harbor amount to $8. The CFPB claims that, even though Congress banned excessive credit card late fees, credit card companies have exploited a regulatory loophole “to escape scrutiny for charging an otherwise illegal junk fee.” .

Cards 78

Cards Company 78

Payments Dive

APRIL 19, 2023

The payments processor hasn’t disclosed how many customers were potentially impacted by a ransomware attack that began affecting systems last week. NCR says more than 100,000 restaurant locations currently use its platform.

Payments 367

Payments System 367

ATM Marketplace

APRIL 21, 2023

Apple is offering a savings account with a 4.15% interest rate. How can banks respond?

Apple 124

Apple 124

BankBazaar

APRIL 19, 2023

As Home Loan rates continue to spike, borrowers need to understand all aspects of the Home Loan process to lower their EMI burden. In this article, we will discuss what a Home Loan spread is, and how it can affect your debt burden. Having a house of one’s own is something many of us aspire to. The BankBazaar Aspiration Index survey, the largest study of India’s aspirations through the lens of personal finance, also affirms the sentiment that homeownership is, indeed, a top priority among Indians

Payments 78

Payments Strategy Survey Policies 78

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What to expect? The commercial and industrial (C&I) lending sector has been undergoing a transformation in recent years thanks to technological advancements and changes in customer expectations. The traditional way of lending, where commercial lenders relied on manual attorney processes and legacy software solutions, is slowly becoming obsolete.

Lending

CFPB Monitor

APRIL 21, 2023

The CFPB has filed a Statement of Interest in a case pending before a Florida federal district court in which the plaintiffs allege that the defendant engaged in discriminatory targeting in violation of the Equal Credit Opportunity Act (ECOA). In Roberson v. Health Career Institute LLC , the plaintiffs are students at a for-profit nursing school who allege that the school engaged in various unfair and deceptive practices and other unlawful conduct in connection with enrolling students in and ope

Florida 78

Florida Operations Lending 78

Payments Dive

APRIL 20, 2023

Despite a somewhat troubled past with Walmart, the card issuer appears to be raising its hand if the retailer is looking for a new credit card partner.

Cards 370

Cards Retail 370

TheGuardian

APRIL 18, 2023

Kit Harington and Rose Leslie attend ‘couples therapy’ in Richard Curtis film for Make My Money Matter The Game of Thrones stars and real-life couple Kit Harington and Rose Leslie are co-starring in a Richard Curtis short film highlighting the “toxic relationship” between UK high street banks and the fossil fuel industry. The Couples Therapy film is part of Curtis’s Make My Money Matter campaign to raise awareness of how consumers’ cash may be financing industries that are destroying the planet.

Industry 92

Industry 92

BankBazaar

APRIL 19, 2023

The Reserve Bank of India’s Monetary Policy Committee has decided to maintain the status quo on the key policy rates. The repo rate, which was at 6.50 has been left unchanged in today’s bi-monthly meeting, which is a welcome move. After increasing the repo rate by 250 basis points since May 2022, to curb inflation, the RBI has pressed pause on the repo rate hike to check the central bank’s progress thus far, sending positive sentiments across sectors.

Payments 78

Payments Lending Policies Trends 78

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Software

CFPB Monitor

APRIL 20, 2023

Our discussion focuses on generative artificial intelligence, a new and emerging category of AI. We first discuss what generative AI is, its use of large language models, and the role of supervised training in developing generative AI models. We then discuss the potential benefits and limitations of generative AI in the following use cases in the consumer finance industry: marketing, fraud management, underwriting, collections, customer service, and back office functions. .

Fraud 78

Fraud Industry Fintech Training 78

Payments Dive

APRIL 17, 2023

Financial institutions, payments players and other businesses are being drawn in by FedNow, according to survey results presented at the Nacha Smarter Faster Payments conference.

Industry 259

Industry Payments Conference Survey 259

Dataconomy

APRIL 20, 2023

Are you looking for the best AI video generators? If so, you are on the right way! Video is one of the most engaging and popular forms of content on the internet. However, creating high-quality videos can be time-consuming, expensive, and require a lot of skills. That’s why many people are turning to AI video generators, which are software tools that use artificial intelligence to create videos from text, images, audio, or other sources.

Video 88

Video social media Software Tools 88

BankBazaar

APRIL 19, 2023

Before applying for any credit product, remember to check your eligibility and keep the required documents ready! Credit Cards are a hugely popular and convenient way of making payments. But how easy or difficult is it to get one? That depends on several factors. If you have a good Credit Score and a stable income source, you may get approved for a Credit Card with a high credit limit and attractive reward programs.

Cards 78

Cards How To Payments Lending 78

Advertiser: Data Robot

As enterprises evolve their AI from pilot programs to an integral part of their tech strategy, the scope of AI expands from core data science teams to business, software development, enterprise architecture, and IT ops teams. Enterprises need a platform that can make broader AI teams more productive, implementing more complex use cases and harnessing the fast pace of new AI technologies.

Strategy

CFPB Monitor

APRIL 19, 2023

Legislation to opt out of a 43-year-old federal law allowing FDIC-insured state banks to “export” interest on interstate loans to the same extent as their national bank counterparts is quietly, but swiftly, working its way through the Colorado legislature. The bill has passed the House and is expected to be the subject of a hearing next week before a Senate Committee.

Colorado 78

Colorado FDIC National 78

Payments Dive

APRIL 21, 2023

In light of rising charge-offs, the card companies on Thursday each reported adding to credit loss provisions. That put a dent in their first-quarter profits.

Cards 273

Cards Report Company 273

BankUnderground

APRIL 20, 2023

Luke Heath Milsom, Vladimír Pažitka, Isabelle Roland and Dariusz Wójcik Exports of financial services decline with geographical distance at a rate comparable to that for international trade in goods (eg, Portes and Rey (2005) ). This is surprising since there are no transportation costs involved. The consensus is that distance is a proxy for information frictions.

Security 79

Security Capital Policies Maine 79

BankBazaar

APRIL 19, 2023

The Reserve Bank of India (RBI) paused the repo rate at 6.50% this month. This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. Interest rates have been rising in lockstep with the repo rate. But the markup on those loans have fallen to a three-year low.

Payments 78

Payments Retail Examples Management 78

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

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