Accenture
DECEMBER 1, 2021
After a decade of disruption, what has changed for commercial banks?? The digital economy has taken off around much of the world over the past 10 years, and the banking sector has been feeling the impact of this transformation and attempting to keep up with it. In fact, the digital transition in financial services began…. The post What’s next after 10 years of banking disruption?
Perficient
NOVEMBER 30, 2021
Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets. The regulators broadly defined crypto assets as any digital asset implemented using cryptographic techniques.
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Abrigo
DECEMBER 3, 2021
OTP bots are the latest fincrime trend. Financial institutions must know how to combat the threat of OTP bots and educate their customers. Learn more about detecting and containing cyber threats at your financial institution. READ MORE. Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts.
Independent Banker
NOVEMBER 30, 2021
As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. By Elizabeth Judd. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach.
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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
Accenture
DECEMBER 2, 2021
Banks that are mastering data-driven analysis to unlock a detailed understanding of their customers are using that information to drive tenfold returns on investment. Any advantage in knowledge and strategy can be potentially crucial to increasing profits. But customer behaviors are changing so dynamically that most banks don’t get enough access to the right data when they need it, and haven’t mastered the artificial intelligence (AI) tools that can analyze and use the data they receive in
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
DECEMBER 2, 2021
Spend Leftover Budget Wisely for Growth Financial institutions with surplus budget funds can invest in growth for next year by spending wisely now. Learn how a core deposit analysis helped improve this institution's forecasts. Read more. Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022.
Independent Banker
DECEMBER 1, 2021
Photo by Heather Esposito. Let’s collectively commit to being more present in all of our interactions. It won’t be long until we recognize what a true gift that is to ourselves and those we serve. With the holiday season upon us, the concept of “present” takes on a frantic connotation. The quest for the right item can become a daunting task that takes away from its intended spirit of connection.
Accenture
NOVEMBER 29, 2021
All eyes on a market in motion The wealth management landscape is expanding and evolving so fast that it’s essentially uncharted territory for many middle market banks. Total global household wealth has grown significantly in recent years, jumping 7.4% in 2020 despite the pandemic. We’re also seeing the steady transfer of assets from older to younger….
Jack Henry
DECEMBER 2, 2021
When it comes to signing up for a new Netflix account, customers can go from first click to watching movies in minutes. This means that when they open a new account at your bank or credit union, they aren’t thinking about the complex security measures that go into protecting their funds. Instead, they’re thinking of the quick and easy process they’ve experienced with their favorite brands.
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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
Abrigo
DECEMBER 1, 2021
How to make loan review more effective When it comes to loan review, there are three key areas to help ensure a more effective process. Would you like other articles like this in your inbox? Takeaway 1 The organizational structure of the loan review process must reflect independence and objectivity. Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. .
Independent Banker
DECEMBER 1, 2021
Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. Photo: Ashley Courter. The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. By Roshan McArthur.
Jeff For Banks
NOVEMBER 30, 2021
//Note: This is not a banking post.// "Ain't nobody livin' in a perfect world, And everybody's out there, cryin' to be heard And now I got a new fire, burnin' in my eyes Lightin' up the darkness, movin' like a meteorite." I'm All Fired Up! This past Sunday, CBS Sunday Morning ran an excellent segment on Pat Benatar and husband / lifelong bandmate Neil Girardo.
SWBC's LenderHub
NOVEMBER 29, 2021
Last Week. Another crazy week in a wild year. We spent the first three days of the week ratcheting up the odds of the potential of a faster Fed taper and earlier policy rate hikes, then we spent the day after the Thanksgiving holiday reversing those odds in near panic mode.
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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.
ATM Marketplace
DECEMBER 3, 2021
Is it possible to build an ATM that cannot be hacked or fall victim to skimming? Researchers based in Canada and Switzerland believe they may have found the answer in zero-knowledge proof cryptology.
Independent Banker
NOVEMBER 30, 2021
Photo by Robert Severi. While our decisions over the past year have been driven even more by our mission than by our bottom lines, we’ve also achieved good results. Winter is upon us. Dec. 21 marks the solstice, the official start of winter and the shortest, darkest day of the year. But as I see it, that milestone also signals a transition to light, as days grow longer from there.
BankInovation
DECEMBER 1, 2021
Cryptocurrency as an asset class won't survive unless it's properly regulated, and while it isn't, investors face harm — and some that don't want regulation wish to avoid the law. This was the message today from U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, who spoke alongside former SEC chairman Jay Clayton at the […].
TheGuardian
DECEMBER 3, 2021
Staff processing a £23 parcels duty rebate paid the life-changing sum into a woman’s bank account A woman who woke up to find more than three-quarters of a million pounds had been deposited in her bank account by HMRC has described how she spent a year waiting for it to realise its mistake and reclaim the money and worrying about what would happen when it did.
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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.
PopularBank
DECEMBER 1, 2021
You’ve heard U.S. mail delays on the news, read about them in your daily feeds – and perhaps even experienced them yourself. Soon, the old saying “the check is in the mail” may suddenly take on a new reality. Which means now might be a good time to explore alternative payment options. USPS changes delivery timelines. “Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.
Independent Banker
NOVEMBER 30, 2021
Terms like ideation and innovation have become buzzwords in our industry, but it takes great leaders to translate exciting ideas into real value. By Lindsay LaNore, ICBA. The subject of last month’s column was how to brainstorm effectively. In other words, how do you come up with ideas to move your bank forward? This begs the question: Once you have those ideas, what comes next?
BankInovation
DECEMBER 2, 2021
The Royal Bank of Canada (RBC) saw a 50% year-over-year spike in usage of its digital financial advisory tool for its fiscal year ending Oct. 31. The $1.3 trillion bank's MyAdvisor digital platform has nearly 3 million users, up from slightly more than 2 million users at the same time last year, said RBC President […].
ATM Marketplace
NOVEMBER 30, 2021
In order to determine if your bank needs an ITM, you should ask yourself several questions.
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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.
Banking Exchange
NOVEMBER 29, 2021
Challenger banks or neobanks have gained rapid adoption due to their ability to meet customers in the channel of their choice Technology Feature3 Fintech Feature Digital Neobanks.
Independent Banker
NOVEMBER 30, 2021
Community bankers’ awakening to new possibilities has made for an impactful year and will help position community banks to flourish in 2022 and beyond. By Charles Potts, ICBA. Building on the digital solutions put in place for Paycheck Protection Program (PPP) loans in 2020, community bankers have expanded their digital services and channels to meet their customers’ evolving needs and serve their communities.
BankInovation
DECEMBER 3, 2021
According to a survey recently commissioned by Finder, 23% of Americans own some form of cryptocurrency, reflecting an increase of more than 60% over the past two years. As consumer interest in digital currency grows, community banks and credit unions need to find ways to bring these digital assets and capabilities to their customers. For […].
CFPB Monitor
DECEMBER 2, 2021
The CFPB has agreed to settle the lawsuit filed by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor Kathleen Engel challenging the legality of the Bureau’s Taskforce on Federal Consumer Financial Law. The central allegation in the complaint was that the Taskforce failed to comply with the Federal Advisory Committee Act (FACA), a federal law that governs the creation, operation, and management of advisory committees to federal agencies.
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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