6 top cyberthreats banks coped with in 2022
American Banker
DECEMBER 27, 2022
The Financial Brand
DECEMBER 25, 2022
This article How Banking Websites Can Produce Better CX and More Sales appeared first on The Financial Brand. 'Visual content' techniques help financial marketers punch through digital clutter to help sell banking products to confused consumers. This article How Banking Websites Can Produce Better CX and More Sales appeared first on The Financial Brand.
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Abrigo
DECEMBER 27, 2022
Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. You might also like this resource: "BSA/AML Risk Assessment Checklist." DOWNLOAD . Takeaway 1 Many typologies exacerbated by the pandemic continue to provide criminals success, and more complex schemes are surfacing.
CFPB Monitor
DECEMBER 29, 2022
A Ninth Circuit panel affirmed the district court’s dismissal with prejudice of a class action complaint in which the plaintiff alleged that Meta Platforms, Inc. (Meta) violated the Telephone Consumer Protection Act (TCPA) by sending unsolicited “Birthday Announcement” text messages.
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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
ATM Marketplace
DECEMBER 30, 2022
As of today, more than 250 neobanks exist in the world. But as in any business, even some of the most established ones are experiencing difficulties. Over the next couple of years, the herd will be thinned, and those who vary their products will survive.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
DECEMBER 28, 2022
Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . You might also like this list of the year's top resources for FinCrime professionals. READ. Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog.
Banking Exchange
DECEMBER 29, 2022
In 2023, Wells Fargo posits that the banking as a platform (BaaP) model will cement its towering stance across the industry Feature Financial Trends Lines of Business Feature3 Retail Banking Community Banking.
ATM Marketplace
DECEMBER 27, 2022
Fintechs have the advantage when it comes to small and medium sized businesses. Can banks catch up?
CFPB Monitor
DECEMBER 29, 2022
The FTC’s proposal would impose a number of new substantive and disclosure requirements on auto dealers in connection with the car buying or leasing process. We first discuss NADA’s comment letter to the FTC on the proposal, including NADA’s concerns.
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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
Jeff For Banks
DECEMBER 27, 2022
Among bankers, there is anxiety. Anxiety from outsiders promoting newfangled technologies that must be adapted in order for their bank to be relevant. Anxiety from insiders chiding them to innovate because this customer or that customer asked about some piece of technology their other bank has. Anxiety from conferences that feature young speakers touting shiny objects.
BankBazaar
DECEMBER 24, 2022
Yeah… Christmas is here with a lot of cheer! BankBazaar wishes you joy, happiness and warmth this season. Check out our offers on Credit Cards and Loans as you eat, drink and be merry. Explore Deals. The post Merry Christmas, Fellas! appeared first on BankBazaar - The Definitive Word on Personal Finance.
Banking Exchange
DECEMBER 29, 2022
The world of fintech is constantly and rapidly evolving The Economy Technology Financial Trends Feature3 Fintech Feature Financial Research Lines of Business Retail Banking.
CFPB Monitor
DECEMBER 29, 2022
On December 13, 2022, the FDIC issued a request for comment on a proposal to modernize the regulations governing use of the FDIC’s official signage and advertising of FDIC-insured status by insured depository institutions (IDIs), and to clarify regulations issued.
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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.
TheGuardian
DECEMBER 27, 2022
Analysts says lifting of many rules may soften impact of higher interest rates and unblock supply chains in 2023 Rush to book flights as restrictions ease China’s decision to ease rules on travel in and out of the country, the world’s second-largest economy, has offered investors hope that it could soften the toll from higher interest rates on global stock markets and unblock supply chains amid a dark outlook for 2023.
BankInovation
DECEMBER 30, 2022
The recent collapse of crypto exchange company FTX might have banks and fintechs reevaluating their partnership-vetting processes in 2023 to avoid potential reputational damage. “As a result of the recent circumstances arising in the digital asset space, it may lead to a phase of tread with caution [for partnerships],” Tejus Oza, managing director, North America […].
CFPB Monitor
DECEMBER 28, 2022
The CFPB recently issued a final rule increasing the asset exemption threshold under the Home Mortgage Disclosure Act (HMDA) and a final rule increasing the asset exemption threshold for the Truth in Lending Act (TILA) requirement to maintain an escrow.
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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.
TheGuardian
DECEMBER 29, 2022
CEO David Solomon said he will make cuts in January with reports claiming investment bank will axe about 4,000 posts The boss of Goldman Sachs has told staff that he will make job cuts early next month, as the US investment bank seeks to improve its profits amid concerns over the global economy. The bank is reportedly considering cutting about 8% of its 49,000 employees, which could equate to as many as 4,000 job losses.
BankInovation
DECEMBER 29, 2022
Open banking, augmenting the customer experience (CX), and AI were key themes across Bank Automation News’ most popular “The Buzz” podcast episodes in 2022. Listen as the BAN editorial team talks through the issues that will continue to impact the financial services industry in the year ahead. The three most played podcasts of the year: […].
CFPB Monitor
DECEMBER 28, 2022
On December 23, the CFPB published a final rule in the Federal Register regarding various annual adjustments it is required to make under provisions of Regulation Z (TILA) that implement the CARD Act, HOEPA, and the ability to repay/qualified mortgage.
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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.
The Emmerich Group
DECEMBER 28, 2022
I believe people love to have positive attention lavished on them. EVERY bank is facing these challenges. bank is facing these challenges. bank is facing these challenges. this episode, I’m going to show you how to take your already good customer experience and turn it into an experience your customers can’t help but talk about. Continue Reading. The post How to Consistently Deliver WOW Customer Service [VIDEO] appeared first on Emmerich Financial.
BankInovation
DECEMBER 28, 2022
Financial institutions looking to modernize their internal systems in 2022 have often turned to fintech acquisitions or partnerships for cloud computing, digital banking, robotic process automation, payments capabilities and more. Here are Bank Automation News’ five most-read transaction stories of 2022: 1. Envestnet acquires business intelligence firm Truelytics Wealth management giant Envestnet acquired business intelligence […].
The Paypers
DECEMBER 25, 2022
We will take a short break on the 26th of December and return on the 3rd of January 2022.
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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