Accenture
JANUARY 4, 2022
I’m sure you’ve read the headlines about people who retired early, went back to school, made career shifts, or decided to pursue their passion projects full-time over the last year or so. And like me, you probably know people personally whose pandemic experiences pushed them to make such changes. This wave of change has contributed…. The post Are hidden workers a hidden source of talent for banks?
Perficient
JANUARY 4, 2022
Cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Polkadot, and many more, are taking the investment world by storm. According to CoinGecko, the cryptocurrency market is worth more than $2.35 trillion (as of 01/03/22), and financial institutions, if they haven’t already, are wondering whether they should take a piece of the pie. Although this market seems promising, the potential for big gains does not come without hefty risk.
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Abrigo
JANUARY 3, 2022
Tips to strengthen financial institution BSA/AML quality control AML quality control helps financial institutions make certain that suspicious activity monitoring meets program expectations. . Have you combined your BSA & Fraud Departments, or are you considering it? You might like this webinar. WATCH. Takeaway 1 Recent fines against a bank in Texas remind financial institutions of the importance of AML quality control.
Jack Henry
JANUARY 6, 2022
Quick poll: h ow many financial providers do you use? If you answered 30 to 40, you’re right in line with today’s Gen Z or Millennial couples. It’s a figure that sounds shocking at first, especially to those of us who’ve been around the financial services industry for some time. But, as Ron Shevlin said recently, “In our quest for more convenience in our financial lives, our financial lives have become more complex to manage.”.
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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
SWBC's LenderHub
JANUARY 3, 2022
Last Week. The news during the holiday week centered squarely around Omicron as super-high infection rates played havoc in the U.S. and Europe. However, growing uncertainty around how to run an economy with a quarter of the workforce home in bed didn’t stop equities as the S&P 500 set its 70 th all-time high for the year before retreating a bit at week’s end.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Banking Exchange
JANUARY 5, 2022
Other risks changing client practices raising visibility risk and cybersecurity risks among banks and third-party providers Risk Management Feature3 Feature Bank Performance Security Operational Risk Cyberfraud/ID Theft.
TheGuardian
JANUARY 1, 2022
Our business writers pick their contenders for the headlines in 2022, from startups to venerable high street favourites In all likelihood, BT will be under new ownership, or at the least involved in a takeover battle, in June next year. The billionaire Patrick Drahi has been assiduously building his stake in the British telecoms giant, having spent more than £3bn to acquire 18% to date , making him BT’s biggest shareholder.
ATM Marketplace
JANUARY 7, 2022
ATM Marketplace regularly covers critical news in the ATM and banking industry and 2021 was no exception. The most read stories of 2021 covered topics ranging from branch closures to acquisitions to foreign exchange stores.
Jack Henry
JANUARY 4, 2022
An Observation. As the Business Continuity Strategy Manager for the Gladiator TM division of Jack Henry & Associates, I work with many financial institutions (FIs) to develop, test, and execute protocols in the event of an unplanned outage. For the last few years, the focus of most FIs has been on planning and testing incident response plans (IRPs) for cyberattacks.
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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
SWBC's LenderHub
JANUARY 3, 2022
In my latest white paper , I take a deep dive into current data to identify the following opportunities and concerns for banks, credit unions, and other lenders in 2022:
MerhantsBanks
JANUARY 7, 2022
Tom Pasch has been named Market President for Merchants Bank in Red Wing, according to Dan Massett, North Region President. “Tom is a great addition to our already amazing team in Red Wing,” said Massett. “His background, integrity, emphasis on relationship-based banking and leadership skills truly align with our culture and the strategic focus here […].
ATM Marketplace
JANUARY 4, 2022
Executives at the Self-Service Innovation Summit cited numerous challenges and opportunities ahead but are confident the industry will meet customer needs.
BankInovation
JANUARY 5, 2022
U.S. regulatory authorities may be less lenient about bank accounting and reporting errors stemming from old technologies — like spreadsheets — particularly for repeat offenses. Banks could see 500% higher fines for errors stemming from outdated, problematic methods. So predicts Bikram Singh, chief executive officer of Brunswick, N.J.-based EZOPS, a provider of an artificial intelligence […].
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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.
ABA Community Banking
JANUARY 5, 2022
What's on the community bank roadmap for digital process improvement in 2022? On the latest episode of the ABA Banking Journal Podcast, Chris Bailey lifts the curtain on his bank's investments in digital signature management, conversational capabilities and client business optimization. The post Podcast: The Community Bank Digital Transformation Roadmap for 2022 appeared first on ABA Banking Journal.
Banking Exchange
JANUARY 5, 2022
FOI request on agency procedure for reviewing bank mergers sidelined by McWilliams says ABA Compliance Feature3 Feature Duties M&A Compliance Management Compliance/Regulatory.
CFPB Monitor
JANUARY 7, 2022
The CFPB’s new annual report of credit and consumer reporting complaints , required by Section 611(e) of the FCRA, criticizes the three largest nationwide consumer reporting agencies (NCRAs) for allegedly failing to meet their FCRA obligations to it and for engaging in practices that have led to a significant increase in the volume of consumer complaints it received about the NCRAs.
BankInovation
JANUARY 6, 2022
Automated lending fintech Kabbage is no stranger to disruption. Founded in 2009 in the wake of the Great Recession, the fintech’s lending solutions were one of the first to leverage automation and dynamic data analysis to improve efficiency in small business lending. Investors took notice, raising the company to unicorn status in 2017 with a […].
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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.
Jeff For Banks
JANUARY 7, 2022
I don't expect followers of my blog to read every post. And my blog page shows the top five posts of all time. In fact, the content in my book, Squared Away: How Can Bankers Succeed as Economic First Responders , was driven by the top 20 most-read posts of all time. But what about recently? Here are the top five most-read posts of 2021. In case you want to read them. 1.
Banking Exchange
JANUARY 6, 2022
The gold investment market is just over $2.5 billion, and the Bitcoin market is about $700 million, but the momentum is on the side of Bitcoin… Risk Management Feature3 Feature Financial Research The Economy Financial Trends Lines of Business Blockchain Bitcoin Cryptocurrency.
CFPB Monitor
JANUARY 7, 2022
The FTC’s recent announcement that it has entered into a settlement with two of the defendants (RAM Capital Funding LLC and Tzvi Reich) in a lawsuit filed by the FTC against two merchant cash advance providers and three of their officers for alleged violations of the FTC Act serves as a reminder of the FTC’s continuing focus on small business financing as well as the FTC Act’s application to business-to-business activity.
BankInovation
JANUARY 4, 2022
A 10-minute walk from the Bank of England, on the eastern edge of the City of London, lies a gateway to a new shadow world of money. Here on Dukes Place is the office of Moorwand Ltd., one of a fast-growing breed of upstarts that bill themselves as alternatives to old-fashioned banks when moving money […].
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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.
TheGuardian
JANUARY 4, 2022
Birgitte Bonnesen accused of fraud and market manipulation in relation to high-risk transactions in Baltics The former chief executive of Swedbank has been charged with fraud, market manipulation and the unauthorised disclosure of inside information, after an investigation into a large-scale money laundering scandal in the Baltics. Birgitte Bonnesen, who was sacked as chief executive two years ago when the scandal came to light, “repeatedly spread misleading information” that the bank did not ha
Banking Exchange
JANUARY 5, 2022
First Republic Bank, 1st Security Bank and KodyPay have also announced senior hires Management Feature Feature3 Human Resources Financial Trends Bank Performance.
CFPB Monitor
JANUARY 7, 2022
A California appellate court has ruled that bail bond premium financing agreements are consumer credit contracts for which cosigners must be given a statutorily prescribed notice that warns of the potential consequences of acting as a cosigner. In BBBB Bonding Corporation v. Caldwell , Kiara Caldwell, to bail a friend out of jail, signed an “Unpaid Premium Agreement” (Premium Agreement) in which she became legally responsible for the bail bond premium of $5,000, representing 10% of her friend’s
BankInovation
JANUARY 3, 2022
Nick Kieffer, senior vice president of customer service at Simmons Bank, will speak at Bank Automation Summit 2022 in a panel examining the latest business automation ideas. The panel, “Moving Financial Institutions Rapidly into the Future,” takes place Tuesday, March 1, at 2:15 p.m. ET at the JW Marriott in Charlotte, N.C. It will address […].
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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