Sat.Apr 03, 2021 - Fri.Apr 09, 2021

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A Future-Ready Approach: Journey to the Cloud

Accenture

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems. That means taking the journey to the cloud – a typically incremental process by which banks shift their core-systems architecture to a flexible,….

System 221
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Bill Pay: The Digital Wallet’s New Frontier

ATM Marketplace

Michael Kaplan is the Chief Revenue Officer and General Manager at PayNearMe. Kaplan has played key roles in the strategy, development and growth of multiple platforms and markets. A seasoned executive in the payments, fintech, prepaid and mobile markets, Kaplan shares his knowledge and insight on digital wallets with ATM Marketplace

ATM 72
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Laundering Rules are Getting Tougher, But Also Easier to Follow

Payments Source

Banking Compliance Payment fraud AML

Fraud 101
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Successfully Managing Your REO in a Post-Pandemic Environment

SWBC's LenderHub

No one could have predicted the level of disruption we’ve all faced following the onset of the COVID-19 pandemic last year. If your financial institution has been thrown into unfamiliar territory and you aren’t sure what to do or how to manage your large REO portfolio , we have a few ideas that we would like to share.

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The State of Automation in Financial Services 2024 Report

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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In banking, sustainability is the new digital. Now what?

Accenture

This year´s reporting season has brought sustainability and environmental, social and governance (ESG)-related efforts to the forefront of international banks’ annual reports, including their future outlooks and bold pledges. The message is clear: banks are emerging as a major force in reaching the UN´s Sustainable Development Goals (SDGs). We’ve seen changes in the C-suite, too.….

Report 365

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Concerns over insider trading mount

Bobsguide

Insider trading must be tackled by regulators to provide a fairer market for small shareholders, particularly since the pandemic caused record levels of retail trading accounts, says Mohammed Rharrabti, senior business analyst at Natixis. “You can go to a forum and see many people exchange.

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When Genius Failed—Again

SWBC's LenderHub

Wall Street has had more than its share of drama over the last three decades. However, what started to unfold two Fridays ago with Bill Hwang’s Archegos family office had grizzled Wall Street veterans staring, stupefied, into the abyss.

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Open Banking in the Middle East: Time is of the essence

Accenture

This is the first in a series of in-depth thought leadership pieces on Open Banking in the Middle East. This one explains Open Banking and outlines key considerations for the Open Banking journey. Subsequent pieces will focus on the business case for banks in the region and lay out the actions they need to take…. The post Open Banking in the Middle East: Time is of the essence appeared first on Accenture Banking Blog.

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Blue Ridge Bank Launches PPP Platform for Self-Employed

Banking Exchange

Platform will help gig workers and contractors access government Covid-19 support Consumer Credit Business Credit Community Banking Feature3 Feature Duties Fair Lending Fintech PPP Covid19 People The Economy.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Covid-19: A Look Back at How Our Predictions Panned Out

Jack Henry

On April 1, 2020, Jack Henry FinTalk published a blog post on what we think would happen during the pandemic, along with some best practices and change to look for within BSA and fraud systems. Now, let’s take a look back at that article and see what has come to fruition and what the impact was on the rest of 2020.

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Market Commentary: Week of April 5, 2021

SWBC's LenderHub

Last Week: Last week, U.S. economic news came up a royal flush! The Biden White House went big with the introduction of a $2 trillion infrastructure plan; the Suez Canal was cleared of the gigantic Ever Given (terrible name) container ship; the BLS Non-Farm Employment numbers showed much better-than-expected job gains; and COVID-19 vaccines in U.S. continued picking up sharply.

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Four common questions about SWIFT’s new CSP requirements for 2021

Accenture

All SWIFT customers are required to complete independent assessments as part of the Customer Security Programme (CSP), which helps SWIFT customers fight cyber-attacks. As of 2021, to be considered compliant, these assessments must be done by an independent organization. Here are answers to four common questions about the assessments. 1. What’s behind the change?

Security 221
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Contactless payment uptake offers opportunity for advance financial security

ATM Marketplace

Nick Maynard, senior vice president and Charvi Gandotra, senior innovation manager at the nonprofit, Commonwealth, share their thoughts and insights on how the pandemic actually helped increase contactless payments.

Security 112
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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The Real Story on Bank Branch Closures

ABA Community Banking

Some branches are closing but that doesn’t mean reduced access to banking services, especially in lower-to-moderate-income neighborhoods. The post The Real Story on Bank Branch Closures appeared first on ABA Banking Journal.

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Extinction Rebellion to step up campaign against banking system

TheGuardian

Group aims to highlight financial sector’s role in climate crisis through escalation in tactics this week Extinction Rebellion is planning to step up its campaign against the banking system with a series of direct action protests and debt strikes in the coming weeks aimed at highlighting the financial sector’s role in the escalating climate crisis. Last week the group targeted Barclays Bank’s headquarters in London and the Bank of England as well as high street branches across the UK as part of

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B2B payments product investment themes

Accenture

COVID-19 has had a profound impact on businesses of all sizes. Over the past 12 months, organizations across the globe have faced substantive impacts to their receipts, disbursements, and in consequence, liquidity. As organizations pivot to the new normal – remote workforce environments included – technology is helping to power their transformation.

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Bank RPA market set for boom

Bobsguide

Banks are becoming increasingly reliant on robotic process automation (RPA) technology – a trend that is expected to become more entrenched. According to SSON Analytics banks are by far the largest RPA users, coming in at a 51 percent share of entire market share. Next highest on the list.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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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Fintech Discovery startup Upswot signs co-sell deal with Microsoft

BankInovation

Fintech platform Upswot has signed a co-sell agreement with tech giant Microsoft that includes support from Microsoft’s sales team as well as a free proof-of-concept of its business finance management platform on Microsoft’s Azure cloud. Upswot CEO and founder Dmitry Norenko announced the deal via a LinkedIn post from his personal account Wednesday.

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Bank boards have conflicts of interest over climate – and it shows in the fossil fuels they back

TheGuardian

Analysis finds 77% of directors on boards of seven US banks have ties to ‘climate-conflicted’ groups, as banks continue to finance projects like the Line 3 oil pipeline US banks are pledging to help fight the climate crisis alongside the Biden administration, but their boards are dominated by people with climate-related conflicts of interest, and they continue to invest deeply in fossil fuel projects.

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Merchants Financial Group, Inc Reports Strong Performance and Shareholders Re-elect Three Directors

MerhantsBanks

WINONA, Minn. – During its annual shareholder meeting, which was held virtually on Thursday, April 8, Merchants Financial Group, Inc. (MFGI), reported strong 2020 earnings growth and shareholders re-elected three Directors to the MFGI Board. MFGI formally reported net income of $21,511,521 for 2020, an 8.8% increase over 2019 earnings. The year’s results were impacted […].

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Debt Collection in the Pandemic: Compassion Is Critical to Success

FICO

The economic and financial fall-out following the turbulence of the past 12 months has highlighted the critical need for agility, flexibility and adaptability in unprecedented times. This is particularly true for managing debt collection in the pandemic. It’s clear that being slow to react or tone-deaf to customers facing financial difficulty by delivering impersonal or threatening collections messages — while lacking the flexibility to find collaborative ways to solve your customers challenges

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

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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Bank Automation News, Kearney Announce Content Partnership

BankInovation

Bank Automation News and Kearney, a leading global consultancy, have formed a content partnership that will deliver crucial analysis and insight on banking technology and automation. The partnership will include the participation of Kearney consultants in Bank Automation News events and webinars. Bank Automation News and Kearney will kick off their alliance with Kearney’s participation […].

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US to enter post-Covid boom ‘torn by income inequality,’ says JP Morgan boss

TheGuardian

Jamie Dimon says in shareholder letter economy on edge of ‘Goldilocks moment’ but upbeat news comes with caveats The US has been “torn and crippled by politics, as well as racial and income inequality” but is about to enter a post-pandemic boom, according to JP Morgan boss Jamie Dimon. Related: Banks pledge to fight climate crisis – but their boards have deep links with fossil fuels Continue reading.

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Self-Service ATMs for a Socially Distanced World

ATM Marketplace

Hear from Brendan Watkins and David Johnson on how self-service, assisted self-service and teller automation models can guide your thinking about ATM hardware, staffing and innovation.

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Cisco Podcast Team Wraps Up Five-Part Financial Services Series

Cisco

Five episodes and eight guest speakers later, we have officially wrapped up our first Financial Services podcast series. Over the past five weeks, Cisco’s Conversations & Coffee Podcast channel has focused exclusively on financial services. Each week co-hosts Danny Vicente and Garry Senna welcomed new guests and dove into a different aspect of the industry.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.