BankBazaar
JANUARY 19, 2022
All those who work remotely must figure out how to set boundaries between business and personal life. Here’s a simple guide to mastering the new normal and boosting productivity based on personal experience. The pandemic drove humanity to shift its way of life. Obviously, no one ever wishes for a pandemic, yet it has occurred and continues to occur.
Accenture
JANUARY 20, 2022
North American banks are under pressure due to declining net income but bullish in their outlook. They face rising client expectations and regulatory requirements, as well as aggressive new fintech competitors. To combat these challenges, banks need to move towards future-ready operations, grounded in the latest technology with people who know how to use it.
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Abrigo
JANUARY 19, 2022
How to Price Loans Effectively Effective loan pricing is more imperative than ever for financial institutions, given the outlook on interest rates and other factors. . You might also like this webinar, "Is Inflation the Big Gift to Your Future Earnings?" WATCH . Takeaway 1 Bankers might have hoped the close of 2021 would bring an end to the challenging rate environment and low yields. .
Perficient
JANUARY 18, 2022
Everywhere you look and read, we are reminded of the key drivers behind the rising debt and delinquencies Americans face, as well as indications there’s much more to come: Inflation increased at the fastest rate in 40 years over the last twelve months, exceeding expectations, the Labor Department announced on January 12, 2022. Used vehicles , which have become a top leader for the current inflationary environment, have increased 37% over the past year.
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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
PYMNTS
JANUARY 18, 2022
The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. The purchase of Munich-based Bankhaus von der Haydt, established in 1754, is a vital step in its goal of creating “a regulated crypto products powerhouse in the heart of Europe,” said BitMEX Group CEO Alexander Höptner in a blog post.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jack Henry
JANUARY 17, 2022
For decades – maybe even centuries – an individual’s sense of community was most often based on their interactions in a particular physical location. Neighbors, schoolmates, coworkers, and even those with whom they shared a place or method of worship formed a person’s community. Until recently, community banks and credit unions typically defined their base through a location-based means as well: a neighborhood, a group of individuals working in a particular field, or residents of a particular co
Banking Exchange
JANUARY 17, 2022
Follows December’s overdraft report from bureau which considered additional policy guidance Compliance Feature Duties Feature3 Consumer Credit Customers People Compliance Management Credit Risk Compliance/Regulatory.
PYMNTS
JANUARY 18, 2022
Last year saw workers around the world move out of survival mode and dedicate themselves to finding solutions to meet the needs of our new reality. Onbe CEO Bala Janakiraman expects that innovation to continue as more organizations embrace the digital transformation that working remotely requires. Read his thoughts in the PYMNTS eBook , “In a Word: 50 Thought Leaders Sum Up 2021.”.
Accenture
JANUARY 15, 2022
The other day, when I went into my local bank branch to speak with my advisor, I was struck by the immensity of the transition which banking in Europe is going through right now. In an incredibly competitive environment, banks are facing tremendous pressure. They’re seeing historically low rates and declining profits, which is leading…. The post Four ways European banks help customers reach their goals appeared first on Accenture Banking Blog.
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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
Jack Henry
JANUARY 18, 2022
The last two years have called for undeniable change in the financial industry. They’ve called for forced branch closures, highlighted the importance of contact centers, and accelerated adoption of digital channels. They’ve shined a spotlight on the need for banks and credit unions to have technology in place that will improve branch performance so they can offer the service their accountholders deserve.
Banking Exchange
JANUARY 17, 2022
Traditional banks lack the underlying technology to undertake digital transformation reveals ISG report Technology Financial Trends Feature3 Fintech Feature Tech Management Mobile Online Outsourcing/Cloud.
PYMNTS
JANUARY 18, 2022
The U.K. Treasury said Tuesday (Jan. 18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes the crypto billboards that have recently been spotted along the London subway system, the report says. “Research suggests that understanding of what crypto actually is is declining, suggesting that some users may not fully understand what they are buying,” the U.K
SWBC's LenderHub
JANUARY 18, 2022
Last Week. Last week was “all inflation all the time," with a little bit of disappointing large bank earnings thrown in. On Tuesday, we got the headline CPI number for December printing at an optically ugly (but anticipated) seven percent. CPI, excluding Food and Energy, did surprise to the upside, coming in at 5.4% year over year.
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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 18, 2022
As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. Banks are responding to this new customer demand. The post Why ABA Invested in NYDIG: Supporting Banks as They Help Customers Access Cryptocurrency appeared first on ABA Banking Journal.
Banking Exchange
JANUARY 17, 2022
“That’s not our job. We don’t tell banks which sectors to lend to”, the Federal Reserve said Risk Management Compliance Feature3 Feature Duties Climate Crisis SRI Exchange Socially Responsible Investing SRI.
Jack Henry
JANUARY 20, 2022
It’s that time of year once again – to take a look ahead at what we can expect in cybersecurity for the new calendar year. The effects of the global pandemic continue to impact not just our health but our global economy, and cyber-attackers are just as persistent as those fighting for our wellbeing. Not surprisingly, ransomware is expected to remain a top threat for businesses worldwide.
BankBazaar
JANUARY 21, 2022
Unveiling BankBazaar’s first co-branded Personal Loan – TurboLoan, powered by Cholamandalam Finance. With a completely digital, paperless process, superfast money is now super easy. Here’s everything you need to know and more! . If you’re looking for a little extra moolah for any reason, a Personal Loan is a good option. And if you’re shopping around for a Personal Loan at competitive rates with a quick and hassle-free process, may we suggest BankBazaar’s first co-branded Personal Loan – Tur
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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.
BankInovation
JANUARY 21, 2022
Fintechs worldwide saw sizeable funding rounds this week, with investment fintech Qraft closing a $146 million series C round and crypto exchange Rain nabbing $110 million in a series B round. Qraft hauls in $146 million Investment management fintech Qraft has closed a $146 million series C funding round led by $402 billion Japanese financial […].
TheGuardian
JANUARY 16, 2022
Former Labour minister, City grandee and chair of Guardian Media Group, hailed by Gordon Brown Paul Myners, the City grandee and former Labour minister brought in to government to tackle the 2008 financial crisis, has died at the age of 73. Regarded as an influential figure in both the square mile and politics for his time advising the former prime minister Gordon Brown on the historic bailout of the British banking system, Baron Myners, of Truro in the county of Cornwall, died in the early hour
BankDeals
JANUARY 21, 2022
Bank of the West is currently offering a $250 bonus when opening a new Any Deposit Checking account. Available in 19 Western and Mid-West states now through 4/15/2022.
CFPB Monitor
JANUARY 21, 2022
The CFPB has announced that it will begin examining post-secondary schools, such as for-profit colleges, that extend private loans directly to students and/or parents to fund undergraduate, graduate, and other forms of postsecondary education. The announcement was accompanied by the CFPB’s issuance of an update to its Education Loan Examination Procedures manual.
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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.
BankInovation
JANUARY 21, 2022
KeyBank continues to reap dividends from its 2019 acquisition of online lending business Laurel Road, citing the transaction, along with residential mortgages, as a key driver for its recent growth in consumer loan originations. “As far as consumer loans, that relatively stable outlook for total loans would assume consumer loans in aggregate grow about $2 […].
Banking Exchange
JANUARY 18, 2022
Pseudo-anonymity and decentralization are main characteristics of cryptocurrencies Compliance Compliance Management Compliance/Regulatory Feature3 Feature Bank Performance Cryptocurrency Bitcoin Blockchain Cyberfraud/ID Theft Security.
BankBazaar
JANUARY 17, 2022
Despite the highs and lows brought by the ongoing pandemic, 2021 has been a phenomenal year for us! A spirited celebration is just what we needed to usher in the New Year. . Be it work or fun, through sheer hard work, camaraderie and determination, we’ve managed to succeed on both fronts. This certainly called for a celebration! So, yes, we went all out to welcome the New Year and all it brings us!
CFPB Monitor
JANUARY 21, 2022
In a letter to three representatives of consumer advocacy groups, CFPB Acting General Counsel Seth Frotman indicated that due to “repeated reports of confusion” caused by the CFPB’s November 2020 advisory opinion (AO) on earned wage access (EWA) programs, he plans to recommend to Director Chopra “that the CFPB consider how to provide greater clarity on these types of issues.”.
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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