Sat.Aug 28, 2021 - Fri.Sep 03, 2021

How intelligent prospecting will grow commercial banking

Accenture

When I started as a commercial banking relationship manager (RM) in the early ‘90s, a big part of my job was prospecting for new customers. This was an era when public information on privately held, mid-sized companies was extremely limited.

Solving the Payments Data Security and Compliance Problem By Getting Rid of the Data

PYMNTS

To improve compliance, ensure data privacy and cut costs, there are two ways to do it, Mahmoud Abdelkader , CEO and co-founder of Very Good Security , told Karen Webster.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award.

The Themes Spurring Insurance Mergers and Acquisitions

Daily Fintech

Mergers and acquisitions (M&A) in insurance are thriving on the back of macro factors – low interest rates, pandemic-related impacts and deepening specialization.

The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Four actions for banks to prepare for the Open Banking wave

Accenture

Compared with challenger banks, some traditional banks have been slow to adopt Open Banking. This is perplexing, given the potential $416-billion market opportunity Open Banking represents and the growth we expect to see over the next three years.

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7 ways community banks can boost profitability

Independent Banker

Photo by Paper Boat Creative/Getty. A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. By Cheryl Winokur Munk. Quick stat.

This Week in Fintech ending 3rd September

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

4 servitization models: the future of auto and equipment financing

Accenture

The auto and equipment finance sector is evolving to address new customer expectations for bundled services and pay-per-use plans. For lenders and lessors, it’s time to think about whether a traditional financing model will continue to serve them adequately.

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BitPay CEO’s Crypto Prescription for New Regs: Go ‘Carefully And Cautiously’

PYMNTS

The initial design of bitcoin was to be a payment method, a unit of currency.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

FinCEN AML/CTF Priorities Part 9: Cybercrime

Abrigo

Cybercrime threats continue to grow In the FinCEN priorities release , cybercrime is listed as one of the most significant AML/CFT threats posed to financial institutions. Would you like others articles like this in your inbox?

Fintech is now big and mainstream,  but that does NOT make it boring

Daily Fintech

When the first wave of Fintech got rolling after the 2008 financial crisis, the idea of taking on the financial establishment was only a gleam in the eye of the wildest futurists.

Market Commentary: Week of August 30, 2021

SWBC's LenderHub

Last Week. Both risk and Treasury markets spent most of last week guessing what Fed Chairman Powell was going to say when he spoke at the annual Fed summit at Jackson Hole, WY, then reacting to the actual address on Friday. Chairman Powell provided what can be called a “dovish taper”.

Super App or Not, Facebook Pay Knows It Needs to Close The Consumer Trust Gap

PYMNTS

Facebook Messenger celebrated its 10th anniversary this week, adding the option for users to send cash birthday gifts directly through the platform using Facebook Pay. The new feature is the latest step in the company’s ongoing efforts to try to scale the Facebook Pay service.

Reaching Unreachable Candidates

Speaker: Patrick Dempsey and Andrew Erpelding of ZoomInfo

What is ZoomInfo for Recruiters? Find and connect with the right talent to fill roles fast with more data, basic search, advanced search, candidate and company profiles, and export results. Watch this On-Demand Webinar today to see how ZoomInfo for Recruiters can work to get your talented candidates results.

FinCEN AML/CTF Priorities Part 8: Drug Trafficking Organizations

Abrigo

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . Would you like others articles like this in your inbox?

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Stablecoin News for the week ending Wednesday 1st September.

Daily Fintech

The Central Banks are building! Here is our pick of the 3 most important Stablecoin news stories during the week. This week saw a number of announcements from Central Banks who are finished with the design phase and are now building different versions of a CBDC.

China's Olive Revolution May be a Great Thing

SWBC's LenderHub

Investing in China—once viewed as a no-brainer way to riches by some of our most popular and successful investment managers—has gotten quite treacherous this year.

FedNow Follows TCH to Enable Instant Bill Pay

PYMNTS

The Federal Reserve is rolling out new details for the FedNow instant payments service scheduled to launch in 2023, touting it as a tool that businesses owners and individual consumers will want to use — and participating financial institutions will want to offer.

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

3 Ways Savvy Bank Leaders Are Competing on Digital Experience

Banking Exchange

Accelerating digital capabilities in order to win, serve, expand, and retain customer relationships has become priority #1 Technology Tech Management Feature3 Fintech Feature Digital Customers Mobile Online Covid19. 1Technology

XBRL News about keynotes and delays

Daily Fintech

We are not quite done with the silly season in XBRL matters, hence just two news items for the past week today.

Quandary 2021: Responding to Competitive Shifts in Overdraft Fees

Gonzobanker

News of waiving overdraft fees may sound like a big win for consumers. But it comes with a pile of unintended consequences. Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation.

Kaspersky Detects 1.5B IoT Cyberattacks This Year

PYMNTS

Global cybersecurity firm Kaspersky detected 1.5 billion attacks against Internet of Things (IoT) devices in the first half of this year, using " honeypots," software that impersonates a vulnerable device, the company’s research department said in an email to PYMNTS on Friday (Sept.

Going to Market Smarter in the New Economy

In 2021, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. To succeed, you must change the way you conceive and build new products as a digital business. Download the report today to discover more!

The Unthinkable Has Occurred – Can You Recover Your Data?

Strategically Speaking

Although ransomware has been a threat for organizations across diverse industries for decades, we are all aware that recently it has reached a prominence on the international stage never seen before – with multiple headlines and supply chain disruptions that affected millions of Americans.

Lightning Network grows as Bitcoin rises

Daily Fintech

With bitcoin’s value rising again, the adoption of the Lightning Network is also on the rise. The Lightning Network is a second layer on top of the Bitcoin blockchain, that enables private payment channels to be established between users. The Lightning Network has experienced continued growth at an increasing rate, in the number of nodes, […]. The post Lightning Network grows as Bitcoin rises appeared first on Daily Fintech. Bitcoin, Blockchain, Cryptocurrencies

Video banking aims to restore personal touch for banking

ATM Marketplace

Branches have struggled to maintain a personal touch with customers while also delivering innovative technology. Video banking can help bridge the gap between these two worlds

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Australia Mulls Regulations For Apple Pay, Google Pay, Other Big Tech Players

PYMNTS

The Australian government is looking into the best way to overhaul its current infrastructure for financial regulation to enable stronger oversight of digital wallets and payments from Big Tech companies like Apple, Google, WeChat and others.

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Level Setting and Peering Around the Corner— Tips for Success in Your Organization

Speaker: Steve Andrews, President & CEO of the Western Bankers Association 

This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.