Sat.Nov 26, 2022 - Fri.Dec 02, 2022

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Four ways to attract (and keep) top tech talent

BankInovation

Perhaps the Nasdaq’s doldrums will turn the attention of the nation’s top IT talent from tech to a banking industry in dire need of their services. Perhaps, but don’t bet the company on it. In a banking business rolling out steady streams of innovative, technology-dependent products amid a massive cloud transformation, that’s what you’d be […].

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Are banks too optimistic about the U.S. economic outlook?

American Banker

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Meeting Customer Demand for a Tailored Banking Experience

The Financial Brand

This article Meeting Customer Demand for a Tailored Banking Experience appeared first on The Financial Brand. Personalization doesn’t have to be complex or expensive. It just needs to show bank customers that they’re more than an account number. This article Meeting Customer Demand for a Tailored Banking Experience appeared first on The Financial Brand.

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Elon Musk’s Twitter Takeover: Lessons for Bank Leaders

The Financial Brand

This article Elon Musk’s Twitter Takeover: Lessons for Bank Leaders appeared first on The Financial Brand. Whether or not you approve of how Elon Musk is changing Twitter, his high-stakes actions offer important leadership lessons. This article Elon Musk’s Twitter Takeover: Lessons for Bank Leaders appeared first on The Financial Brand.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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By the numbers: Cyberattacks putting bank data at risk jump 92%

BankInovation

Cybersecurity threats that place bank information and personal data at risk are on the rise as the holiday shopping season officially kicks off with Black Friday and Cyber Monday. Cybercriminals are targeting online shoppers by scraping sites for credit card and banking data, according to a recent report by cybersecurity firm Kaspersky, which monitored cyberthreat-related […].

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Empowering Your Financial Advisors With Salesforce

Perficient

Across industries, so much of marketing effectively comes down to timing — appealing to the right person, at the right place, at the right time. Timing for marketing financial services and products as a financial advisor is especially crucial, as many financial needs follow the timeline of milestones in an individual’s life. But financial advisors that work for larger wealth managers and are looking to be more targeted and personalized with client outreach are often burdened by the hoops put in

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Money laundering through art and antiquities: An update

Abrigo

AML approaches to prevent & detect antique and art money laundering Fresh regulatory scrutiny of money laundering through art and antiquities creates several considerations for AML/CFT Programs. Review the issue and what your financial institution should do for BSA compliance. You might also like this resource: "BSA/AML Risk Assessment Checklist.

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Using The French Defense in Deposit Management

South State Correspondent

It was the famous England vs. France chess match back in 1834, where the French opened with a simple yet potent attack. England came out, moving a pawn to the center of the board. The French stopped the pawn’s advance and used the combination of their bishop, rook, and knights to counterattack England’s exposed players. The set of moves has become known as the “French Defense” or “The French” and is one of chess’s most famous opening moves.

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PayPal counts on its digital app for gains

Payments Dive

The digital payments pioneer is scouting for new ways to increase customer use of its digital wallet, including plans to add a new Venmo teen account.

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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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Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators. Among its attendees were representatives from The Clearing House (TCH), The Federal Reserve Bank of Boston, and SWIFT, along with some of the largest financial institutions in the U.S. .

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Brad M. Bolton: Putting the “community” in community banking

Independent Banker

Photo by Chris Williams. People want to be a part of something bigger than themselves, and community banks provide that opportunity. Community banking is about serving the greater good. As community continuators, we are part of something bigger than ourselves. We support civic clubs, Lions Clubs, the Relay for Life, our local schools and so much more, because these issues matter to the communities we serve.

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Securing a Resilient Financial Services Enterprise

Cisco

The functioning of global economies is partially reliant on a secure and protected financial services infrastructure. It is the reason why financial services is one of the most highly regulated and highly fortified industries. Therefore financial institutions require a more resilient operating model, one that has the capability to reduce risk at scale and protect the business amidst unpredictable change.

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Credit card delinquencies, charge-offs climb

Payments Dive

Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.

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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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ATM-as-a-Service – A Strategic Step on the Transformation Journey?

Gonzobanker

Moving from a traditional CAPEX model to an “as-a-service” OPEX model could be the key to transforming banks’ ATM/ITM channel. ATMs have changed a bit in the last few years. The latest models resemble something one might see on the floor of a casino rather than the clunker model in the corner. Banks whose fleets resemble more of the latter are probably past due for an upgrade.

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Lindsay LaNore: The art of saying “thank you”

Independent Banker

Photo by goir/Adobe. The end of the year is the perfect time to share your appreciation for the hard work and successes of the year gone by. By Lindsay LaNore, ICBA. It’s the end of the year, a time for leaders to reflect on goals, metrics and performance over the past 12 months. It’s a time to set goals and a vision for the year ahead. And it’s also a perfect time to say, “thank you,” and share your appreciation for all the hard work and successes of the year gone by.

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FHFA Announces 2023 Conforming Loan Limits

CFPB Monitor

The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limits for residential mortgage loans acquired by Fannie Mae and Freddie Mac in 2023. Fannie Mae addresses the limits in Lender Letter 2022-06. As was expected based on the significant increase in housing prices during 2022, the limits increased substantially. The standard loan limit for a one-unit home increased from $647,200 in 2022 to $726,200 for 2023.

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Affirm mulls consumer, merchant fee increases

Payments Dive

The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it targets profitability for next year.

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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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Dirty power degrades ATM customer experience

ATM Marketplace

ATMs need to deliver a consistent experience to keep customers satisfied. An often-overlooked detail about the ATM experience is that the consistency of the machine's performance is highly dependent on the quality of the electrical power driving it.

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Best Community Banks to Work For 2022

Independent Banker

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Community Financial Services Bank, Benton, Ky.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. What great resignation? In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. » LESS THAN $250 MILLION.

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CFPB seeks input on development of new auto market data set

CFPB Monitor

On November 17, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced in a blog post that it is in seeking to build a new data set that “will allow for a more robust understanding of market trends” in the auto market. According to the CFPB, over 100 million Americans have an auto loan, and auto loan balances (currently estimated at $1.5 trillion nationally) are on pace to surpass student loans as the second-largest debt category in 2023.

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Amex debuts B2B payments system

Payments Dive

The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

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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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Survey: Small businesses seeking loan opportunities from community banks

ABA Community Banking

More than half of community bankers in a recent survey cited small business loans as a high priority in 2022, with most small business owners saying in the same poll that they plan to borrow an average of $2 million over the next two years. The post Survey: Small businesses seeking loan opportunities from community banks appeared first on ABA Banking Journal.

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Rebeca Romero Rainey: The people make the bank

Independent Banker

Photo by Chris Williams. How we hire, retain, recruit and advance our missions amid momentous change will remain a key topic for community bank leaders and will influence our plans for the future. December creates a natural opportunity for reflection, and as I look back on our efforts over the past year, I’m struck by one core truth: It’s the people who make the bank.

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Justice Department announces new guidance for handling bankruptcy discharge of federal student loans

CFPB Monitor

In conjunction with efforts to forgive federal student debt for certain borrowers, President Biden’s Justice Department recently announced new guidance for its attorneys to use when deciding whether to recommend that a bankruptcy judge discharge an individual’s federal student loans. . The guidance seeks to streamline the process of discharging federal student debt which, unlike other consumer debt, is not automatically discharged through bankruptcy.

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Panel blasts fintechs for missing PPP fraud

Payments Dive

Fintechs like Womply and Blueacorn provided the “paths of least resistance” for fraudsters bilking the federal Paycheck Protection Program, a House subcommittee said Thursday.

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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.