BankBazaar

FEBRUARY 24, 2022

Behold! The 10 commandments that can help you part troubled financial waters so you can walk confidently into the ‘promised land’ – a financially secure future! While there’s no one-size-fits-all approach to building a financially secure future, there are certainly some best practices that can help. Remember that while these cannot be carved in stone, they can certainly help part troubled financial waters so you can confidently walk through to the ‘promised land’ of financial security. 1.

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Gonzobanker

FEBRUARY 23, 2022

A financial institution’s Banking-as-a-Service strategy needs to be more than an extra credit project for the I.T. department. The Banking-as-a-Service (BaaS) gold rush has clearly begun. Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do

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Accenture

FEBRUARY 21, 2022

Fierce competition for talent is nothing new in banking, where digital skills have been in hot demand for years. But the front in the war for talent, like much of the industry, is shifting to the cloud. This is primarily due to two factors: the cloud’s unique ability to supercharge organizational agility, and the fact…. The post What are “cloud skills” for banks, anyway?

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Abrigo

FEBRUARY 25, 2022

What to watch for in 2022 Expect these eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. You might also like this webinar on BSA/AML regulatory hot topics. WATCH. Takeaway 1 Now is the time to create a project plan for future BSA/AML regulatory guidance . Takeaway 2 Enhance policies, procedures, and processes for areas that will gain regulatory scrutiny?

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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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South State Correspondent

FEBRUARY 23, 2022

The reality is that most banks only design less than half a product. Sure, bankers are great at getting the basics right, but there is rarely much thought around 66% of the product’s design after that. In this article, we look at the elements of excellent bank product design and provide some hacks on how to improve your current product offerings.

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Accenture

FEBRUARY 22, 2022

As you read this, the internet is being reshaped. And it’s already transforming banking. We have not witnessed a topic explode quite like the metaverse. While extended reality (XR) technology has been around for some time, the topic’s momentum has recently accelerated with some analysts now predicting the metaverse to be an $8 trillion opportunity.….

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Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . You might also like our new podcast "Ahead of the Curve: A Banker's Podcast" Listen . Takeaway 1 Many banks and credit unions want to win more business loans but will face higher rates and more competitors.

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South State Correspondent

FEBRUARY 20, 2022

Community banks refine their products and services to compete for better borrowing relationships – the better borrowing relationships are associated with better credit quality, meaningful cross-sell opportunities, acceptable margins and fee income, and higher return on equity (ROE). Unfortunately, current market dynamics are making it hard for community banks to outcompete for these better borrowing relationships.

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ATM Marketplace

FEBRUARY 22, 2022

While Bitcoin ATMs and cryptocurrency in general is an expanding business, many banks are still reluctant to work with these businesses due to regulatory concerns; however, banks are developing models to determine if they can work with a cryptocurrency or Bitcoin ATM business.

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ATM Bitcoin cryptocurrency 129

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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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Accenture

FEBRUARY 23, 2022

When I was shopping online recently, a new option appeared on the checkout screen that presented me the opportunity to finance my purchase. This new offering is becoming pervasive across all asset types, from laptops to lift trucks, and including services such as vacation travel, on B2C, B2B and even P2P shopping sites. The goal…. The post Finance now!

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Abrigo

FEBRUARY 24, 2022

ALM & measuring short-term interest rate risk Interest rate risk is measured through two approaches. This ALM 101 post describes the earnings at risk(EAR)/income at (IAR) risk perspective (short-term risk to the income statement). Would you like other articles like this in your inbox? Takeaway 1 Interest rate risk for financial institutions is the risk that earnings and market value may decline as market interest rates change. .

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TheGuardian

FEBRUARY 24, 2022

The UK wants to bar Russia from the international payments network – but others doubt the sanction’s value Russia’s invasion of Ukraine has amplified pressure for tougher economic sanctions on Moscow. The Labour leader, Keir Starmer, was among many to call for Moscow to be shut out of Swift – the world’s main international payments network – with the aim of hitting Russian trade and making it harder for its companies to do business.

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BankInovation

FEBRUARY 25, 2022

Russia’s invasion of Ukraine puts U.S. financial institutions at elevated risks of cyberattacks, and experts believe proactive steps should be taken to lessen threats. Russian cybercriminals have taken aim at U.S. interests before, and the attacks predicted to arrive in the wake of heightened U.S. sanctions are nothing new, Tari Schreider, strategic cybersecurity advisor with […].

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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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FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020.

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Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Would you like other articles like this in your inbox? Takeaway 1 Financial institutions are using small business loans as a source of growth and this trend will continue. .

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Lending Community Bank Community Analysis 195

TheGuardian

FEBRUARY 25, 2022

Analysis: Only the financial equivalent of unleashing a nuclear arsenal will dent Russia’s foreign assets war chest Russia-Ukraine crisis: live news The war against Russia is one western countries want to fight with only economic sanctions, not guns. Russia’s conflict with Ukraine , despite its long gestation and planning by Vladimir Putin and his supporters in the Kremlin, was supposed to end quickly once financial retaliation began.

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BankInovation

FEBRUARY 25, 2022

Fintech Funding is a look at the top fintech-related funding rounds of relevance to the financial services industry. Payment fintech Stripe last week led a $75 million series C funding round for payroll software fintech Check Technologies, bringing the company’s valuation to $725 million. New York City-based Check is a payroll program that merges data […].

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New York City Fintech Technology New York 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.

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CFPB Monitor

FEBRUARY 24, 2022

Professor Glover is the author of the first major academic study of mass arbitration, which is soon to be published as a law review article. In Part II of this two-part podcast, we discuss the economics of mass arbitration, including the minimum claim amount necessary to make mass arbitration viable and how consumers’ recovery in arbitration compares with their recovery in class actions, the use of targeted advertising and other methods by plaintiffs’ attorneys to reach potential claimants, and

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Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. WATCH. Takeaway 1 Lack of efficiency and staffing problems can make small business loans seem like more trouble than they're worth.

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How To Lending Software Survey 195

TheGuardian

FEBRUARY 24, 2022

Ukraine foreign minister voices anger as EU leaders likely to decide against blocking Russia from international payments system Ukraine-Russia crisis – live updates The EU faced furious remonstrations from Kyiv as Europe’s leaders looked set to hold back from imposing the potentially most damaging sanction on Russia, even as the Kremlin lay siege to Ukraine via land, air and sea.

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BankInovation

FEBRUARY 22, 2022

When the pandemic hit, it became increasingly difficult for lenders to know how many applications for loans might come through the door. That led to volatility in the system that became even more pronounced when the “Great Resignation” hit, Sam Bobley, founder and CEO of intelligent document automation company Ocrolus, tells Bank Automation News in […].

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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.

Lending

Jeff For Banks

FEBRUARY 24, 2022

PPP urgency must be our norm. On September 17, 2021 in the Scottsdale, Arizona desert, I delivered a speech to a ballroom full of bankers titled: 5 Things I Wish We Did Better. It was well received and was recently picked up by a banking school as an elective class. Number 1 on that list: Project Management. I used the embedded commercial as indicative of the life span of a project at a community bank.

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CFPB Monitor

FEBRUARY 23, 2022

Yesterday, eight federal agencies joined together to issue an “ Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B ” (Interagency Statement). The agencies consist of the CFPB, FDIC, OCC, Federal Reserve Board, NCUA, HUD, DOJ, and FHFA. The Interagency Statement indicates that it is intended “to remind creditors of the ability under the Equal Credit Opportunity Act (ECOA) and Regulation B to establish special purpose credit programs

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TheGuardian

FEBRUARY 21, 2022

A string of controversies have beset Switzerland’s second-largest lender, including Japanese ‘shredding party’ and US sub-prime fraud Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians The revelations that Credit Suisse has been used by crooks, money launderers and corrupt politicians are a public relations crisis for the banking giant.

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Fraud US Report 99

BankInovation

FEBRUARY 24, 2022

The digital economy continues to grow, up significantly from 2002, when total holiday sales hit just $416.4 billion. Eventually it all passes through financial service institutions. Whether payments are processed through Apple Pay or Venmo, PayPal or a debit card, there is always involvement with an account at a financial services institution. This opens up […].

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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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