Sat.May 14, 2022 - Fri.May 20, 2022

Neo-banks Struggling to Make a Profit

Banking Exchange

After entering the banking market 10 years ago, neo-banks across the world are failing to adapt for a profitable future The Economy Technology Feature3 Fintech Feature Financial Trends Profitability Performance Neobanks. 1Technology

Culture change as the key to success in banking’s future

Accenture

Let’s face it: my previous post on workplace culture in banking was a bit gloomy. But the data is unequivocal. Multiple Accenture cross-industry studies have found that, on an industry level, banking struggles more than it should to attract, recruit and retain talent.

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Workshop: Machine Learning Models for Interest Rates by Alexander Sokol

Bobsguide

Financial institutions, central banks, and fintech start-ups alike have been exploring the potential of machine learning in the past few years. However, these advances have until now remained largely in the academic arena.

CFPB carves out new competition angle for oversight

Payments Dive

A former CFPB enforcement director told an audience of payments professionals this week that they'd best be prepared for the agency to expand its oversight by way of its markets authority

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Events in this Cycle Have Happened Fast

South State Correspondent

Events in this Cycle Have Happened Fast. With no economic releases today, and no planned Fed appearances, it could be a quiet start to the weekend. Let’s hope. For now, Treasuries are sliding from unchanged to down slightly in price with a rebound in stocks indicated.

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Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Would you like other articles like this in your inbox?

Three US cash trends persist, Fed report says

Payments Dive

The COVID-19 pandemic led U.S. consumers to change up their payment habits, but three long-term cash trends have mainly persisted, according to a Federal Reserve Bank report issued this month

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Deposit Behavior In This Rate Cycle – Part III

South State Correspondent

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ).

This Week in Fintech ending 20 May 2022

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. This will be the last This Week in Fintech post.

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Fraud Concerns and Trends in 2022

Abrigo

Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Would you like other articles like this in your inbox?

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Affluent consumers may drive $257B in spending

Payments Dive

The wealthiest U.S. consumers are eager to open their wallets again, especially for travel, though there is one possible caveat, predicts Visa's chief economist

The Customer Problem Resolution Secret

South State Correspondent

If your bank truly wants to be known for service, the very first step is to get your problem resolution process right. When it comes to problem resolution, the two metrics that matter the most are the number of interactions required to solve the problem and the time it takes to solve the problem.

Part 3. People who are motivated to use Bitcoin as a currency will drive innovation

Daily Fintech

Bitcoin is the disruptive third wave of Fintech: Wave 1 was adding a better front end UX to legacy systems, with a natural exit to legacy finance for not big sums. Wave 2 was a full stack regulated threat to legacy finance.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

CompatibL Wins at the 2022 Fintech Breakthrough Awards

Bobsguide

CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform.

Are restaurant operators eating too many fees?

Payments Dive

"I’ve been disappointed to see how the payments industry is constantly looking for ways to profit off of small businesses in sneaky ways," says Copper CEO Dickson Chu

Powell’s Tough Talk Continues

South State Correspondent

Powell’s Tough Talk Continues. We mentioned on Monday investors were going to be looking for clues both for how the economy is reacting to the early rounds of rate hikes, and also additional clues as to the path of those rate hikes.

Market Commentary: Week of May 16, 2022

SWBC's LenderHub

Last Week. It was a terrible, horrible, no-good week as nearly every asset class (save the USD against any other currency) took its turn to get pummeled. The combination of inflation and growth concerns thrashed stocks and just about all fixed income products spread off U.S. Treasuries.

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Prometeia to support ECB in assessing banking regulatory compliance in Europe

Bobsguide

May 2022 – Prometeia has been included by the European Central Bank in the panel of the highly qualified consulting companies that will be involved in the assistance to On-Site Inspections (OSIs) and Internal Model Investigations (IMIs) of Significant Institutions under the direct supervision of the Single Supervisory Mechanism (SSM).

BNPL player Zilch expands to US

Payments Dive

Instead of collecting fees from retailers to move merchandise from their shelves, Zilch is linking with brands like Sephora and Nike to lure consumers looking to finance their purchases through installment payments

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Looking for Clues

South State Correspondent

Looking for Clues. Treasuries are starting the week tentatively in the green as they await more Fed speak and a look at April retail sales and housing activity. With the rise in rates and, of course, inflation the market will be looking for any sign of buckling by consumers.

It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

As technology buyers, banking executives need to up their game on tech purchases and technology performance management.

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

3 ways ATM outsourcing solves post-pandemic problems for banks and credit unions

ATM Marketplace

For banks and credit unions, ATM outsourcing is a go-to solution for many of the issues recent changes have brought to the financial institution arena. Here are three ways ATM outsourcing can help your institution overcome the challenges you are facing today

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Amazon Fresh spearheads East Coast expansion

Payments Dive

The chain plans to open locations on Long Island and in the Garden State, expanding its use of the cashierless payment technology and hiring "hundreds" of workers

XBRL News about disclosures

Daily Fintech

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Disclosure management market business overview The global disclosure management market is anticipated to grow at a significant CAGR of 16.1%

CFPB issues annual fair lending report

CFPB Monitor

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. .

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.