Sat.Apr 10, 2021 - Fri.Apr 16, 2021

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4 Tips for Bank and Credit Union Process Improvement

Jack Henry

In our current age of technology, speed, and extreme expectations, the ability of banks and credit unions to quickly provide answers, complete transactions, and deliver service is no longer simply a convenience feature – it’s an absolute necessity. Simply put, it could be the difference between someone who hangs up the phone and someone who becomes an accountholder for life.

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Safety First: How to Handle Supplier Banking Data

ATM Marketplace

Angela Anastasakis is the senior vice president of operations and customer success for Nvoicepay, a FLEETCOR Company. She shares with ATM Marketplace her insight and more than 30 years of leadership in banking how to safely handle customer data

How To 73
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4 Reasons Your Financial Institution Should be Using Social Media

SWBC's LenderHub

It’s no secret social media has made its way into millions of Americans’ everyday lives. These days, it’s basically essential that businesses have a social media presence—and for good reason. Your consumers—current and future—are actively using social media to engage with their favorite brands, make purchases, and seeking for social proof from their peers on products and services they are considering.

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Federal Reserve Board Now Accepting Applications For The Community Advisory Council

Perficient

The Federal Reserve Board announced this week that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). Formed in 2015, CAC advises the Federal Reserve Board on issues affecting consumers and communities. The Federal Reserve Board also has two other advisory councils with members represent depository institutions.

Community 309
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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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How banks can address rising skepticism in 2021

Accenture

One of the most striking results from our recent Accenture Global Banking Consumer Study 2020 is the prevalence of banking Skeptics around the globe. Skeptics are one of the four persona groups identified in the study, which is built on input from 47,000 consumers from all over the world. Skeptics are the largest persona group,…. The post How banks can address rising skepticism in 2021 appeared first on Accenture Banking Blog.

Study 259

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Banks enhance UX by accelerating investment in digital technologies

Bobsguide

The pandemic has accelerated digital transformation in banking, leading banks to faster adopt new digital delivery models. The rise of neo and digital banking became the new normal, with an emphasis on mobile banking services.

UX 179
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Five Ways to Use Advanced Analytics to Drive Revenue

Gonzobanker

Financial institutions should make data analytics a key component of their revenue growth strategies. In 2020, almost all financial institutions saw record growth in Small Business Administration lending with the Paycheck Protection Program, mortgage origination and home equity loans, and deposits. A slowdown in that momentum is already evident in 2021, especially with more traditional lending and interchange revenue.

Analytics 172
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Six ways to increase your bank board’s tech expertise

Accenture

Good leadership is a key indicator of successful digital transformations. And yet, while the pace of digital transformation in banking is accelerating, bank boardrooms are falling behind. Our new research report called Boosting the Bank Board’s Technology Expertise shows that only 10 percent of banking board directors have technology expertise. We believe the number should….

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Market Commentary: Week of April 12, 2021

SWBC's LenderHub

Last Week: Stocks continued to cruise to record highs again last week as more and more expectations were built that we may see the sharpest growth in the U.S.—as well as the global economy—in nearly 40 years.

Marketing 145
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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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Regulators Reviewing Money-Laundering, Artificial Intelligence Rules

Banking Exchange

OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud BSA/AML Security Feature3 Feature Duties Technology.

FDIC 135
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Are Bitcoin ATMs the right choice for retailers?

ATM Marketplace

Bitcoin ATMs or BTMs are already spreading across the U.S. and the world. Retailers however, might be wondering if Bitcoin ATMs are right for them. To uncover the answer to that question, we need to take a look at the origins of BTMs, some challenges they have dealt with and what opportunities they provide.

ATM 141
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Greensill scandal: ex-civil servant had $8m stake in lender

TheGuardian

Bill Crothers met Cabinet Office official several times after leaving post and becoming a director at failed lender A former top civil servant who went on to serve as a director of scandal-hit Greensill Capital is facing questions over a string of meetings he held with the head of the Cabinet Office after leaving Whitehall, as a Guardian investigation shows he had a shareholding in Greensill potentially worth $8m before the lender collapsed.

Meeting 137
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Banks must â??speed upâ?? to match agility of fintechs, says Clearbank

Bobsguide

Banks must accelerate their digital transformation to meet fintechs’ needs, particularly as they are considered critical to the success and regulatory compliance of their fintech partners, according to research led by Clearbank. Whilst over half of fintechs expect their banks enabled.

Fintech 114
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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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Eastern Bank, Century Bank Agree to $642M Merger

Banking Exchange

Plus: BMO sells asset management arm; Western Alliance completes AmeriHome acquisition Management Feature M&A Feature3 Community Banking.

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The Retail and Tech Firms That Could Upend Mainstream Banking

Payments Source

Fintech Retailers Digital payments Gig economy

Retail 201
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Greensill inquiry chairman sits on board of private bank linked to Tory party

TheGuardian

Questions raised over Nigel Boardman’s appointment given role at Arbuthnot Banking Group, which also employs former civil servants The man appointed by Boris Johnson to rule over the Greensill lobbying scandal is on the board of a private bank that has close ties with the Conservative party and has a number of former civil servants in its ranks, the Guardian can reveal.

Groups 137
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4 Ways To Invest Your Tax Refund

BankBazaar

Got a big tax refund? Here’s how you can use it to grow your wealth and multiply your income. We all dread that time of the year when we have to file our Income Tax returns. All those calculations and figuring out which section of the Income Tax Act to claim refunds under can get pretty complicated, we admit. But think of the time when you get a sudden windfall as a sizeable tax refund.

Taxes 97
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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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FDIC Seeks Views on Bank Advertising

Banking Exchange

Public’s input sought on potential modernization of advertising and signage rules to better reflect how banks operate Compliance Retail Banking Customers Performance People Compliance Management Compliance/Regulatory Consumer Compliance Feature3 Feature Financial Research Duties Financial Trends.

FDIC 122
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CompatibL pursuing growth following BG awards win

Bobsguide

CompatibL - winner of the 2020 bobsguide award for Best Cloud Platform - is accelerating the development of technology with cloud capabilities. Executive chairman Alexander Sokol sat down with our editor Michael McCaw to discuss the key tech trends in cloud computing, including the increasing.

Trends 88
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David Cameron breaks 30-day silence over lobbying for Greensill

TheGuardian

Ex-PM says he acted within rules but admits there are ‘important lessons’ to be learned David Cameron has broken his 30-day silence over lobbying ministers on behalf of the scandal-hit company Greensill Capital, accepting he should have acted differently and used only “the most formal channels”. Cameron, who was first contacted by the Financial Times in early March, said he had reflected on his conduct and that “important lessons” would be learned.

National 101
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JPMorgan Chase, Citi, Bank of America report uptick in profits, improved efficiency ratios

BankInovation

Most big banks have benefited from releasing reserves they had tucked away as a rainy-day fund in case loans turned bad, but government spending and liquidity support seem to have blunted the edge and the released reserves are now juicing the banks’ bottom line. JPMorgan Chase, Citibank and Bank of America are among the banks […].

America 98
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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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Never too late to start: The value of financial planning

PopularBank

Where are your priorities? In a 2019 survey conducted by MyBankTracker , respondents in the U.S. were asked a simple question as it related to financial planning: How much time do you spend planning your vacations vs. your finances? . The results were telling. Around 20% of respondents reported that they spent more time planning their vacations over planning their finances.

Taxes 97
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AIC: Regulators must act on Esma review

Bobsguide

Action must be taken following the European Securities and Markets Authority (Esma)’s review into Ucits liquidity risk management and market practices which identified shortcomings in documentation, procedures and how methodologies are compiled. “Without effective regulation in the.

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The real scandal is that the revolving door between government and business is still open

TheGuardian

Greensill is merely the latest chapter in a long story of distorted decision-making and falling public trust Spare a thought for Britain’s ministers and mandarins. Making the right call in the public interest isn’t always easy when they’re endlessly having their ears bent by those with vested interests in their decisions. It is, however, their duty.

Capital 97
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Julius Technologies wins BA Ignite DEMOvation challenge

BankInovation

Julius Technologies won judges over with its big data analytics tool in this year’s Bank Automation Ignite DEMOvation challenge today. Enteruptors, an intelligent automation platform for small banks, came in second place in the competition. The Middletown, Del.-based Julius Technologies uses a proprietary framework that automates the building and support of a data architecture for […].

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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.