Jeff For Banks
APRIL 27, 2023
Finovate Spring 2023 is coming up in late May and the social medial buildup is palpable. Industry pundits in the know about everything financial technology and financial technology firms will soon be clinking martini glasses saluting each other and telling stories about their profitability and number of bank installs they have under their belt. I was actually joking about the last two things.
BankBazaar
APRIL 25, 2023
Planning is an indispensable part of your financial journey. It is what helps you align your finances with your life goals, thus helping you achieve them. Planning is an indispensable part of your financial journey. It is what helps you align your finances with your life goals, thus helping you achieve them. As we start the new financial year, now is a good time for you to take stock, assess, and plan your finances for the year ahead.
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South State Correspondent
APRIL 24, 2023
Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. We have played with this “AI agent” for the past two weeks and can report that it will be a must-have tool to be included in any generative AI initiative.
South State Correspondent
APRIL 23, 2023
Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple.
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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
Abrigo
APRIL 26, 2023
M&A implications of FASB decisions Some recent, tentative FASB decisions on the accounting treatment of purchased financial assets will impact acquisitive institutions when finalized. You might also like this whitepaper, "Valuation and purchase accounting in a dynamic environment." DOWNLOAD Takeaway 1 The FASB is moving ahead with a plan to eliminate the PCD and non-PCD distinctions for acquired assets.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
APRIL 24, 2023
Banks have the opportunity of a lifetime. And if they don’t act now, it’s going to slip from their grasp. I’ve just returned from speaking with senior bank executives around the US and Europe. The topic of our talks? One of the many pressing issues facing commercial banks today: sustainable credit—using banks’ capital resources to… The post Banks can no longer stall on sustainability appeared first on Accenture Banking Blog.
BankBazaar
APRIL 25, 2023
It’s been a crazy year with Home Loans. As the RBI pumped the repo rate up from 4.0 to 6.5. Home Loans became costlier at a pace not seen in years. Voluntary EMI hikes are a great way to reduce Home Loan tenure and get out of debt faster. Read on to know more! Consider someone who may have borrowed at the rock bottom rate of 6.50 last year. With a 2.5 percentage points increase taking their rate to 9.00, their per-lakh EMI on a 20-year loan would rise from ₹746 to ₹900 – a 20% leap within a year
Abrigo
APRIL 25, 2023
How and when to end a banking relationship If your financial institution's AML/CFT program spends valuable time filing repeat SARs on customers, read on to learn how and when to end the relationship. You might also like this webinar, "Best Practices for Writing SARS." Watch Webinar Takeaway 1 Getting stuck in a cycle of repeated SAR filing for the same customer can be a strain on your financial institutions' time and resources.
Payments Dive
APRIL 25, 2023
Fiserv bested FIS in the competitive payments processing market last year, handling more transactions with a larger value, said an industry consultant.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
Accenture
APRIL 27, 2023
The growing threat of climate change has spurred banks and other financial services companies to step up efforts to become sustainable. Many have pledged to fight climate change and reduce their greenhouse gas emissions to net zero. Far fewer firms, however, have begun the vital task of arresting the destruction of our natural environment. Without… The post Nature is key to banks’ sustainability ambitions appeared first on Accenture Banking Blog.
ATM Marketplace
APRIL 28, 2023
Data breaches are a massive issue for banks. How can they prevent them? One solution is maintaining better identity security.
BankInovation
APRIL 24, 2023
The collapse of Silicon Valley Bank opened a door of opportunity for fraudsters to take advantage of bank clients who have recently moved money or switched bank accounts — and banks are warning their clients to be cautious.
Payments Dive
APRIL 28, 2023
The Justice Department’s antitrust division issued a civil investigative demand to the card company as part of a debit card probe that has also entangled its larger rival Visa.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
Accenture
APRIL 24, 2023
In February 2023, the UK government released a consultation on draft legislation for Buy-Now Pay-Later (BNPL) services, which outlined the scope of the proposed legislation as well as some exemptions. The proposed legislation aims to prevent consumers getting into unmanageable debt while still allowing them the option to spread the cost of their purchases over… The post BNPL regulation and its potential impact on UK banks appeared first on Accenture Banking Blog.
TheGuardian
APRIL 25, 2023
Bank now faces tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities First Republic Bank’s shares closed down 50% on Tuesday, a day after the mid-sized US bank announced a dramatic slump in deposits. On Monday the San Francisco-headquartered reported a more than $100bn plunge in deposits in the quarter in the aftermath, sparking fears that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.
BankInovation
APRIL 26, 2023
Google focused on three areas of AI in the first quarter: developing large language models, empowering developers with Google tools and enabling organizations to benefit from AI advancements.
Payments Dive
APRIL 26, 2023
The mega processor has a handful of bank customers in the Federal Reserve’s real-time payments pilot, and a pack signed up for services after the system’s July launch. It’s part of the company’s growth strategy.
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Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra
ATM Marketplace
APRIL 26, 2023
Recently, a new ATM jackpotting malware variant, dubbed FiXS, has been identified as a new threat infecting ATMs to steal large amounts of cash. What exactly is the modus operandi of this new malware and how can banks defend against it?
CFPB Monitor
APRIL 27, 2023
Third-party debt collectors, first-party creditors, and debt buyers face an ever-evolving federal and state regulatory landscape as well as ongoing private litigation. We first look at the impact of the CFPB’s most recent rulemaking agenda on debt collectors. We then discuss compliance and licensing issues under District of Columbia, California, Utah, and New York debt collection laws and the Wyoming “debt buyer” licensing requirement. .
BankBazaar
APRIL 25, 2023
There is distress among home owners. Home Loan tenures have shot up rapidly in the last year. We enjoyed two years of rates as low as 6.40. But such has been the inflation that barely three quarters later, many borrowers are now paying upwards of 9 per cent. As a result, Home Loan tenures have shot up dramatically! Given the inflation rate, it’s quite possible a 20-year loan taken in 2020 has become a 30- or 35-year one now.
Payments Dive
APRIL 24, 2023
Explaining three reasons why declined transactions are turning customers on to Buy Now Pay Later services for a friendlier purchasing process.
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Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.
BankUnderground
APRIL 28, 2023
Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Hence, they are likely to show less intense cyclical patterns compared to large banks. This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision.
CFPB Monitor
APRIL 26, 2023
In a highly anticipated decision regarding the treatment of Guaranteed Asset Protection (“GAP”) under the Military Lending Act (“MLA”), a federal appellate court has ruled that a hybrid loan that finances GAP coverage along with a motor vehicle purchase is exempt from the MLA’s restrictions. The 2-1 decision on April 12, 2023 by the U.S.
ATM Marketplace
APRIL 28, 2023
This whitepaper, sponsored by the SPL Group, a leading provider of innovative security solutions for banks and financial institutions, presents the Passive Ink Note Staining Solution. This innovative low-cost and easy to-install solution has been tested by many banks and is proven highly effective in protecting cash inside ATMs.
Payments Dive
APRIL 25, 2023
The technology that allows a contactless payment using a customer’s palm is being tested at the first stand-alone convenience stores.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
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