Sat.Aug 13, 2022 - Fri.Aug 19, 2022

The culture crisis in banking: 4 more questions answered

Accenture

Is it fair to describe the workplace culture at the typical bank today as a competitive disadvantage? That depends on each bank’s particular situation.

Sometimes a duck is not a duck

Daily Fintech

Ronald Regan once said: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” Does this “One size fits all” approach work for crypto?

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The Customer Experience: 14 Ways To Better Understand Your Bank Customer

South State Correspondent

The reality is that banks don’t think from the customer’s perspective enough. The customer experience is horrible for many bank processes. Bankers often think from the bank’s perspective or from the regulator’s perspective.

Global Inflation Worries have Treasuries under Pressure

South State Correspondent

Global Inflation Worries have Treasuries under Pressure. While a China-led global slowdown led to higher Treasury prices on Monday, today it’s higher UK inflation that has Treasury yields heading higher.

Powering Personalization Through Customer Data

Finding the right CDP can help unlock the value of your customer data. This eBook offers guidance on choosing, deploying, and utilizing a CDP, along with a case study on how one bank put data into action to forge stronger connections with customers.

Banks weigh ‘buy vs. build’ for automation technologies

BankInovation

FIs weighing the automation of any processes must decide whether to create the new technology in-house or acquire it.

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Drive for sustainability ushers in new role for banks

Accenture

The drive for sustainability will force banks to radically change their relationships with many of their key corporate customers. They’ll need to gain a deeper understanding of their customers’ businesses and develop greater insight into the workings of their supply chains.

Maine 209

LEI Close to Signaling Coming Recession

South State Correspondent

LEI Close to Signaling Coming Recession. The somewhat bullish take on the July FOMC minutes from Wednesday was reversed yesterday when a couple Fed officials reiterated the need for continued aggressive rate hiking.

What does risk-based CDD mean for your BSA program?

Abrigo

Joint s tatement emphasizes understanding a customer’s risk profile for BSA/AML An individualized, risk-based CDD approach is best when it comes to creating your BSA program protocols. You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." WATCH .

ATM 195

Walmart eyes payments opportunities

Payments Dive

With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far

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.

Fintech Deals to Watch: Back to School

Gonzobanker

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. The energy and uncertainty of youth are headed back to school. Especially in fintech, which had the roughest semester last spring.

China Weakness Has Treasury Prices Higher

South State Correspondent

China Weakness Has Treasury Prices Higher. A trio of reports out of China overnight suggest the second largest global economy has hit another soft patch and that has risk assets on the back foot this morning with Treasuries in the green.

Monetary policy transmission during QE times: role of expectations and premia channels

BankUnderground

Iryna Kaminska and Haroon Mumtaz. Since 2009, when policy rates reached their effective lower bound, quantitative easing (QE) has become an important instrument of central bank monetary policy. It is aimed to work via long-term yields. The literature confirms that QE helped lower long-term yields.

Marqeta executive exodus follows IPO

Payments Dive

Of 10 top executives leading the company last year, only three remain, including CEO Jason Gardner, who last week said he plans to exit that role and become executive chairman

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

Banks deliver branch transformation with digital signage

ATM Marketplace

Banks and credit unions must provide the value customers and prospects are looking for, along with digital messaging that's right for the store.

ATM 97

Help Your Lenders With Our Loan Proposal Generator

South State Correspondent

Competition is intense, and every bank is looking for a competitive advantage. Better products, faster service, or insightful advice can translate into additional loans, better credit spreads, or extra fee income. Sometimes just a graphics tool can help a banker win more loan business.

We Proudly Welcome Regulatory Compliance Counsel Abigail Pressler to Our Consumer Financial Services Group

CFPB Monitor

It is my pleasure to introduce to our blog readers the newest member of our growing Consumer Financial Services Group: Abigail Pressler. Abigail is one of the leading lawyers in the country who focus their practice on compliance with the laws that pertain to consumer debt collection.

Whole Foods expands use of Amazon One paytech

Payments Dive

After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California

The Threat That Could End Community Banking & What To Do About It

A critical risk now facing community banks from the technology world and how to solve it.

Self-Service Card Dispensing: Applications and Benefits

ATM Marketplace

Nearly any industry one can imagine offers opportunities to incorporate cards that can be swiped or otherwise read. The process of incorporating card-based applications can be made even more convenient with an on-demand card dispenser

ATM 95

The Customer Experience: 14 Ways To Better Understand Your Bank Customer

South State Correspondent

The reality is that banks don’t think from the customer’s perspective enough. The customer experience is horrible for many bank processes. Bankers often think from the bank’s perspective or from the regulator’s perspective.

AFSA and Several Other Trade Associations Urge Second Circuit to Reject CFPB’s Expanded Interpretation of FCRA Reasonable Procedures for Maximum Accuracy Requirement

CFPB Monitor

Earlier this year, the CFPB and the FTC filed an amicus brief in an appeal to the Second Circuit, arguing that the Court should reject the District Court’s “unduly narrow” interpretation of the FCRA requirement that consumer reporting agencies (CRAs) follow reasonable procedures to assure accuracy of information included in consumer reports.

Central Payments snags $30M

Payments Dive

The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City

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.

Consumers dive into 'Buy now, pay later'

ATM Marketplace

Buy now, pay later (BNPL), more than a just a modern version of layaway, is trending with consumers and gaining traction with major brands, retailers, and credit card issuers.

ATM 87

Help Your Lenders With Our Loan Proposal Generator

South State Correspondent

Competition is intense, and every bank is looking for a competitive advantage. Better products, faster service, or insightful advice can translate into additional loans, better credit spreads, or extra fee income. Sometimes just a graphics tool can help a banker win more loan business.

Alt Lending Week ended 19th August 2022

Daily Fintech

Is the City about to undergo a bloodbath of Dealmakers? An apocalyptic piece in the Sunday Telegraph citing the possibility of a large number of redundancies in the dealmaking sector. Of course banks need to trim their cloth when the going gets tough.

Payments fundraising slows down in Q2: PitchBook

Payments Dive

Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook

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.