BankUnderground

DECEMBER 19, 2022

Before Bank Underground takes a festive break, it’s time for the Annual Bank Underground Christmas Quiz. Test yourself against our 10 festively themed questions on economics, finance and all things central banking…. 1) (Currency) Which festive object appears on the back of a commemorative UK 50p coin? Please view this post in your web browser to complete the quiz. 2) (Commodities) The lighting of the Menorah at the Jewish winter festival of Hanukkah recalls the miracle of a jug of oil burning lo

Examples 107

Examples Maine Resources Policies 107

BankInovation

DECEMBER 21, 2022

If you’ve ever renovated your home, you know it can be a difficult process. Eating dinner in your garage for six months isn’t exactly a picnic, but the end result—a beautiful new kitchen where you’ll create meals and memories for years to come—makes the journey worthwhile. Implementing a new software solution at your financial institution […].

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Software Retail 52

American Banker

DECEMBER 21, 2022

Technology 85

Technology 85

ABA Community Banking

DECEMBER 20, 2022

What's on the banking industry's policy radar for 2023? ABA's Government Relations Council recently met in Washington, D.C., and GRC Chair Cathy Owen recaps the topics of consideration as the association prepares its banker-led Blueprint for Growth for the coming year. The post Podcast: What’s on banks’ policy agenda for 2023? appeared first on ABA Banking Journal.

Policies 59

Policies Washington Industry Resources 59

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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

Lending

Payments Dive

DECEMBER 22, 2022

The outgoing senator said he wanted to shield stablecoin activity from the Fed, which is still debating whether to issue a central bank digital currency. Toomey noted the Fed’s “significant skepticism” of stablecoins.

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Accenture

DECEMBER 19, 2022

Banks currently dominate the provision of treasury services for businesses in the United States, but they are beginning to face challenges to their long reign. Accenture conducted a survey of over 300 US businesses about their treasury functions, and the findings in our new report, “Unlock the treasury management treasure chest,” will be of particular….

Capital 195

Capital Fintech United States Survey 195

CFPB Monitor

DECEMBER 21, 2022

The Federal Reserve Board issued a final rule last week that establishes default rules for benchmark replacements in certain contracts that use the London Interbank Offered Rate (LIBOR) as a reference rate. LIBOR will be discontinued in June 2023. The.

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Payments Dive

DECEMBER 19, 2022

Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview.

Fintech 284

Fintech Payments Company 284

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant.

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Resources Training Fraud Compliance 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

Report

ATM Marketplace

DECEMBER 20, 2022

For the third straight year, the Self-Service Innovation Awards honored the products that earned top honors for self service excellence during the Self-Service Innovation Summit.

Innovation 105

Innovation 105

BankInovation

DECEMBER 23, 2022

Digital customer service provider Glia has integrated its platform into Jack Henry’s Banno Digital Platform to provide clients with a more comprehensive customer experience. The New York-based Glia earlier this month directly integrated its digital customer service (DCS) technology into the Banno Digital Platform through Jack Henry’s existing APIs, according to a release from the […].

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New York Customer Experience Technology 98

Payments Dive

DECEMBER 22, 2022

The big processors mushroomed in 2019 acquisitions, with promises that scale would pay off, but shareholders now urge them to consider divestitures.

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TheGuardian

DECEMBER 20, 2022

Barclays, HSBC, Lloyds, Nationwide, NatWest and Santander to offer mortgages on medium and high-rise properties from January Six of the UK’s largest banks will start lending on medium and high-rise flats with cladding from January, in a move that could help thousands of people stuck in properties they have not been able to sell or remortgage. Lenders including Barclays, HSBC, Lloyds, Nationwide Building Society, NatWest and Santander, said they would consider fresh mortgage applications from 9 J

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Lending How To Marketing 98

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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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Banking Exchange

DECEMBER 20, 2022

The new policy will take place as of January 2023 and is projected to save about 150,000 kilowatt hours Management Feature Human Resources Duties Feature3 Climate Crisis Covid19.

Maine 78

Maine Resources Policies Management 78

BankInovation

DECEMBER 23, 2022

Financial institutions today are teetering into a Nash Equilibrium. A Nash Equilibrium, named for mathematician John Nash, occurs when players in a game can fully anticipate the choices of other players. When all players’ actions are considered, everyone is able to achieve their objectives. Every player wins. The concept was a groundbreaking contribution to game […].

Digital Banking 98

Digital Banking 98

Payments Dive

DECEMBER 21, 2022

Payments companies chopped jobs as they confronted challenges posed by inflation and stagnating e-commerce growth.

Payments 284

Payments Company 284

BankUnderground

DECEMBER 19, 2022

Ieva Sakalauskaite and Qun Harris. Following the Global Financial Crisis of 2007–08, some regulators introduced rules on bankers’ bonuses with an aim to mitigate incentives to take excessive risks, and in turn promote financial stability. In a recent paper we use detailed data on remuneration of staff in six large UK banks to look at how two of those rules – the bonus cap and deferral – affected bankers’ pay.

Regulation 91

Regulation Analysis Study Policies 91

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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

CFPB Monitor

DECEMBER 23, 2022

On December 15, 2022, the New York Department of Financial Services (“NYDFS”) published an Industry Letter detailing the Department’s guidance regarding banking organizations that wish to engage in virtual currency-related activities.

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New York Industry 78

BankInovation

DECEMBER 20, 2022

Banks and credit unions will invest in their customer and member engagement offerings in 2023 as more clients desire relationship banking. Financial institutions (FIs) plan to invest in digital improvements, physical branch support, contact center technology, marketing, operations and loan technology, according to the report “ENGAGE 2023: Customer Engagement in Banking: Annual Trends Report” released […].

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Trends Operations Technology Report 98

Payments Dive

DECEMBER 21, 2022

With the bill unlikely to be passed by Congress this week, supporters of the Credit Card Competition Act are turning their attention to next year.

Cards 243

Cards 243

TheGuardian

DECEMBER 20, 2022

Consumer Financial Protection Bureau orders bank to repay $2bn to consumers and a $1.7bn penalty Consumer banking giant Wells Fargo agreed to pay $3.7bn to settle a laundry list of charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts.

US 90

US 90

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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

CFPB Monitor

DECEMBER 23, 2022

The CFPB has filed a motion to dismiss , or in the alternative for summary judgment in, the lawsuit filed by the U.S. Chamber of Commerce in September 2022 challenging the CFPB’s update to the Unfair, Deceptive, or Abusive Acts.

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BankUnderground

DECEMBER 21, 2022

As is our annual tradition, we take a look back and present you once more with our most popular posts of the year. In case you missed any of them the first time round, the five most viewed posts for 2022 were: Predicting exchange rates. Cryptoassets, the metaverse and systemic risk. Capitalising climate risks: what are we weighting for? The impact of shipping costs and inflation.

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System Management 82

Payments Dive

DECEMBER 19, 2022

Some payments companies have plans for extensive hiring next year, despite the economic headwinds that led other players to contract this year.

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US Payments Company 243

Banking Exchange

DECEMBER 19, 2022

Plus: Georgia’s Piedmont Bank buys stake in lender; Texas-based Fidelity to change ownership Management Feature M&A Community Banking Feature3.

Pennsylvania 78

Pennsylvania Texas Community Bank Community 78

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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