Accenture

MAY 15, 2022

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. That would be a major concern at any moment, but it’s particularly…. The post Culture change as the key to success in banking’s future appeared first on Accenture Banking Blog.

Study 378

Study Industry Data 378

Bobsguide

MAY 18, 2022

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. In this workshop, CompatibL’s Executive Chairman and Head of Quant Research, Alexander Sokol, will present a detailed overview of his award-winning models and their real-life applications and provide hands-on examples of how to create a machine learning model for interest rate

Training 146

Training Examples Risk Management Conference 146

Perficient

MAY 17, 2022

John Glen, Economic Secretary to the Treasury of the United Kingdom, delivered the keynote speech at the Innovate Finance Global Summit held in London last month. Glen began his speech by stressing the enormous contributions financial services institutions, particularly “fintech unicorns,” have made to the UK; the UK is the leading European fintech hub and the second leading fintech country in the world (falling only behind the U.S.).

Innovation 493

Innovation cryptocurrency Fintech Bitcoin 493

Payments Dive

MAY 18, 2022

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.

Marketing 445

Marketing Payments 445

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Accenture

MAY 18, 2022

A version of this piece also appears on Think with Google. How strong is the connection between the CFO and CMO in banking’s C-suite? In this time of incredible change and evolving customer expectations, this partnership is critical for banks’ growth. The pandemic has been a beneficial tipping point for the banking industry as it…. The post How bank CFOs and CMOs can partner to drive growth appeared first on Accenture Banking Blog.

Google 219

Google Industry Customer Experience 219

South State Correspondent

MAY 20, 2022

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. Whether stocks can hold those opening gains into the close will be another matter altogether.

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Examples Security Marketing 195

Payments Dive

MAY 16, 2022

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.

Trends 435

Trends Report US Maine 435

CFPB Monitor

MAY 16, 2022

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. . In the report’s discussion of its risk-based approach for prioritizing fair lending supervisory and enforcement activity, the CFPB indicates that much of its enforcement and supervision efforts were focused on advancing its priorities of advancing racial and economic equity and promoting economic recovery related to the COVID-19 pandemic.

Lending 148

Lending Report Memphis Tennessee 148

Abrigo

MAY 20, 2022

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? Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for. Takeaway 2 The survey topics included fraud prevention tools, frustrations with tools, and what enhancements users would like to see.

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Trends Fraud Training Survey 195

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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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South State Correspondent

MAY 18, 2022

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 ). We demonstrated that the average community bank’s COF is highly correlated to short-term interest rates (mid 90’s correlation coefficient), but every bank’s COF will vary based on how management can optimize depos

Community Bank 195

Community Bank Community Analysis Industry 195

Payments Dive

MAY 16, 2022

"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.

Operations 370

Operations Industry Payments 370

SWBC's LenderHub

MAY 16, 2022

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.

Marketing 147

Marketing Capital 147

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. “And you may find yourself living in a shotgun shack And you may find yourself in another part of the world And you may find yourself behind the wheel of a large automobile…” -David Byrne. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology.

Technology 147

Technology Regional Community Bank Community 147

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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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South State Correspondent

MAY 16, 2022

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. As far as Fed speak, there will be at least 10 officials opining on policy during the week, including Chair Powell tomorrow afternoon.

Policies 195

Policies Retail Course Meeting 195

Payments Dive

MAY 17, 2022

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.

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Bobsguide

MAY 18, 2022

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. James Johnson, Managing Director of FinTech Breakthrough, says: “Risk management continues to evolve rapidly, and financial institutions, derivatives dealers, central bank, asset managers, investment management compan

Fintech 147

Fintech Risk Management Analytics Software 147

ATM Marketplace

MAY 20, 2022

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.

ATM 110

ATM 110

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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.

Lending

SWBC's LenderHub

MAY 16, 2022

Without a doubt, we are seeing a deceleration in the U.S. economy as the economic recovery from COVID-19 is all but complete. The unemployment rate is basically at its pre-pandemic level at 3.6% compared to 3.5% in February of 2020. Now, we enter the transition back to a more sustainable or normalized rate of growth.

Lending 88

Lending 88

Payments Dive

MAY 20, 2022

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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US Branding Retail Payments 243

BankInovation

MAY 19, 2022

SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few actually succeed,” Starling Bank founder and Chief Executive Anne Boden said Wednesday at FinovateSpring 2022. “Everybody wants to transform, everybody wants to be a new, innovative, creative player,” Boden said. “But actually, launching a digital […].

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San Francisco Strategy Lending Community 98

ATM Marketplace

MAY 17, 2022

Do you know of an exciting and innovative solution for banks that you would like to share with the world? Then you need to submit a nomination for the Bank Customer Experience Awards.

Customer Experience 108

Customer Experience Innovation 108

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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.

Lending

ABA Community Banking

MAY 18, 2022

From Butch Cassidy to Bonnie and Clyde, bank robbers have always had a pop culture mystique. But bank robberies are no Hollywood storyline for bank employees and customers, whose safety and even lives are put at risk when a robber holds up a bank branch. In Indiana in the 1920s, bankers took the protection of their banks into their own hands. The post Podcast: Thwarting would-be bank robbers, Hoosier-style appeared first on ABA Banking Journal.

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Indiana Community Bank Community Security 98

Payments Dive

MAY 19, 2022

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.

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Technology Payments 243

BankInovation

MAY 18, 2022

Auto lenders in the first quarter leveraged TransUnion’s alternative data and underwriting models to expand their lending pools as the market continues to navigate limited inventory and elevated vehicle prices. The alternative data sets allowed lenders to reach consumers they otherwise wouldn’t lend to in order to grow their portfolios, Satyan Merchant, senior vice president […].

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Data Lending Marketing Retail 98

TheGuardian

MAY 17, 2022

The company’s stab at the biometrics checkout market has raised debate about data storage and tracking Mastercard is rolling out a controversial programme that will allow shoppers to pay at the till with a mere smile or wave of the hand, as it tries to secure a slice of the $18bn (£14.4bn) biometrics market. While face recognition technology has long raised eyebrows among civil rights groups , the payments giant said it was pushing ahead with a biometric checkout programme it claimed would speed

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System Security Cards Groups 96

Advertiser: Data Robot

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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