Perficient

FEBRUARY 27, 2025

As we progress through 2025, the banking industry is set for substantial transformation driven by several key trends. Digital transformation will remain a powerful force, with advancements in AI and machine learning enabling unparalleled operational efficiencies and hyper-personalized customer experiences. Banks will look to transform the way they do business by moving beyond their walls with the maturing of open banking and embedded finance.

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South State Correspondent

FEBRUARY 26, 2025

We work with hundreds of community banks across the country that utilize forward rate locks to decrease risk, increase fee income, and stave off competition from national and regional banks. If your bank is not currently offering forward rate locks (in its various forms) to borrowers, you may be interested in how to incorporate such a tool to boost your banks performance.

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Abrigo

FEBRUARY 28, 2025

Can your AML/CFT and fraud staff recognize these fraud typologies? The technology used to perpetrate financial crimes may be changing, but these common fraud typologies aren't going anywhere. This article covers these key topics: Why familiarizing staff with fraud typologies matters Common fraud schemes Fraud risk management best practices 3 Steps financial institutions can take to prevent fraud Why familiarizing staff with fraud typologies matters in 2025 In 2023, the Federal Bureau of Investig

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The Paypers

FEBRUARY 25, 2025

American Express has announced its partnership with Alipay in order to enable payments at multiple merchants across the region of mainland China.

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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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TheGuardian

FEBRUARY 28, 2025

US bank meant to send $280 but no funds were transferred despite fat finger mistake The US bank Citigroup credited a clients account with $81tn when it meant to send $280 before the fat finger error was caught. The mistake was spotted only after two employees had missed it, and a third employee rectified it 90 minutes after it was posted, the Financial Times reported.

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Abrigo

FEBRUARY 26, 2025

Banks & credit unions recognize the importance of new deposits After years of consistent deposit growth, financial institutions have faced a shift recently, with deposits declining since 2022. How can they attract and retain new depositors? Strategies to help banks attract new deposits Banks and credit unions planning for 2025 agree that attracting and retaining deposits remains a top priority.

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Community Bank Community Strategy Analytics 195

Accenture: Banking

FEBRUARY 25, 2025

The use of AI in the payments industry is not a new phenomenon. In fact, Accentures recent Payments Technology Reinvention Study shows that leading banks are already investing significantly in AI and generative AI and have managed to automate 40% of manual tasks in their payments business. Advancements in speech recognition, image generation and machine The post Unlocking the value of generative AI in commercial payments appeared first on Accenture Banking Blog.

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TheGuardian

FEBRUARY 28, 2025

Thousands of people affected, with users of TSB and Bank of Scotland services also reporting glitches Business live latest updates Thousands of UK customers are suffering online banking problems on Friday, with reports of trouble accessing internet and app services. Nationwide, Lloyds and Halifax earlier confirmed problems with their online banking systems, and said they were working to fix them.

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Payments Dive

FEBRUARY 25, 2025

The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.

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Illinois Cards 423

Advertiser: ZoomInfo

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

Analysis

Abrigo

FEBRUARY 25, 2025

Manual back-end steps bog down loan approvals Financial institutions can make financial analysis, risk rating, pricing, and other steps for processing small business loans less painful. Automating the key steps that often occur in the back office leads to faster decisions, stronger customer or member relationships, and more profitable lending to small businesses.

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BankUnderground

FEBRUARY 26, 2025

Kristina Bluwstein and Alba Patozi Measuring financial stability is very difficult. Measuring the effectiveness of policies affecting financial stability even more so. Not only is the objective of financial stability an elusive concept, but policies targeting financial stability are often complex, technical, and very slowly implemented. In spite of this, the usage of macroprudential tools in both advanced economies (AEs) and emerging market economies (EMEs) has more than tripled (Chart 1) over t

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South State Correspondent

FEBRUARY 24, 2025

In a competitive market for commercial clients, each loan feature can be valuable to a community bank. One such loan feature is a prepayment provision on fixed-rate loans. Some community banks offer fixed-rate loans through a hedging program and utilize a symmetrical prepayment provision, others community banks will market their fixed rate loans based on the simplicity of a step-down prepayment provision.

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Payments Dive

FEBRUARY 28, 2025

The payments software company is paring its workforce after a drop in demand in its education vertical. It's also undertaking a comprehensive review of operations.

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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

Lending

Abrigo

FEBRUARY 27, 2025

Wire fraud is the second highest fraud scam impacting financial institutions As fraudsters continue to refine their tactics, financial institutions must remain vigilant to protect both their clients and employees from evolving wire fraud schemes. A single misstepwhether its sending funds to a fraudulent account or clicking on a compromised emailcan lead to severe financial losses and reputational damage.

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TheGuardian

FEBRUARY 27, 2025

An arrest warrant had been issued for Paul Flowers after he failed to turn up to a hearing earlier this month A disgraced former church minister and banking group boss who acquired the nickname Crystal Methodist has been jailed for three years by a judge in Manchester. Paul Flowers, 74, had pleaded guilty to 18 fraud charges amounting to 100,000 after abusing his position as the executor of the will and holder of power of attorney for a woman named Margaret Jarvis.

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William Mills

FEBRUARY 25, 2025

As we transition from 2024 to 2025, the banking industry continues to evolve, but theres still plenty of room for improvement. In the second installment of our client predictions blog series, we've gathered insights from industry leaders on the key areas that could see significant improvements in the coming year. Our clients share their thoughts on how banks can adapt and improve to meet the rising demands of both technology and customer expectations.

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Payments Dive

FEBRUARY 28, 2025

The e-commerce payments company narrowed its losses last year, even as revenue declined. Now, it’s wooing restaurants and retailers through the new tie.

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Report Retail Payments Company 286

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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

Operations

Jeff For Banks

FEBRUARY 27, 2025

Discover how financial institutions can transform financial wellness from a cost center to a profit center. Learn strategies for implementing successful Financial Wellness Centers (FWCs). Introduction In an era where financial security is increasingly elusive, many banks tout 'financial literacy' as a core mission. But is it truly making a difference?

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BankUnderground

FEBRUARY 27, 2025

Carlos Can Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on competitiveness and growth. In a recent staff working paper , we develop a theoretical model to show that some competitive deregulation can arise when several regulators are focused on growth, though not a race-to-the-bottom: regulators will not lower regulations to levels favoured by banks if the costs of fin

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Regulation Strategy Mobile Analysis 52

William Mills

FEBRUARY 25, 2025

As we transition from 2024 to 2025, the banking industry continues to evolve, but theres still plenty of room for improvement. In the second installment of our client predictions blog series, we've gathered insights from industry leaders on the key areas that could see significant improvements in the coming year. Our clients share their thoughts on how banks can adapt and improve to meet the rising demands of both technology and customer expectations.

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Meeting Industry Technology Fintech 65

Payments Dive

FEBRUARY 27, 2025

The embedded payments and digital card company agreed to buy European electronic payments provider TransactPay for about $47 million and swapped out its CEO for a Visa alum.

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Cards Payments Company 248

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. 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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ABA Community Banking

FEBRUARY 27, 2025

A century ago, in March 1925, Charles G. Dawes was sworn in as vice president of the United States. Being elected vice president of the United States as Dawes was, alongside Calvin Coolidge, in a landslide is usually a career pinnacle for an American politician, but Dawes vice presidency turned out to be more of a footnote in his eventful life. The post Podcast: The rise of a celebrated American banker appeared first on ABA Banking Journal.

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United States Community Bank Community 64

PopularBank

FEBRUARY 24, 2025

Many banks offer money market accounts (MMAs). You may be wondering how this type of account fits into your money management plans. Use the guide below to find out what a money market account is, how its different from a traditional checking account, and how you can select the best account to achieve your financial goals. What is a money market account?

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Marketing FDIC ATM Tools 52

The Emmerich Group

FEBRUARY 27, 2025

I hear the same thing everywhere I go”We need to build an accountability culture!” Great idea, right? But heres the problem: weve been saying this for decades, and most organizations havent moved the needle. So why do we keep talking about the same issue without fixing it? Ive got a couple of ideas. Why Accountability Efforts Fail First, one big mistake organizations make is bringing in brand-new training, then immediately holding everyone accountable before theyve had any time to de

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Payments Dive

FEBRUARY 27, 2025

A J.D. Power survey of about 4,300 U.S. consumers found that more of them used buy now, pay later products than credit cards during the holiday shopping season last year.

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Advertiser: ZoomInfo

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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