Abrigo

APRIL 19, 2022

Credit and Lending Software Overcome Common Lending Problems Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Would you like other articles like this in your inbox? Takeaway 1 Optimize the loan origination process. Communication, data collection and decisioning process all offer opportunities for efficiency gains.

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Lending Software Management Handbook 195

Accenture

APRIL 19, 2022

When Neal Stephenson coined the term “metaverse” in his 1992 science-fiction novel, Snow Crash, he could hardly have foreseen that the phrase would be everywhere by late 2021. With bigtech giants like Tencent, Meta and Microsoft all making big bets on the metaverse, there is little doubt that the internet is on the verge of…. The post The ultimate guide to banking in the metaverse appeared first on Accenture Banking Blog.

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Payments Dive

APRIL 18, 2022

Four members of Congress are suddenly pushing Visa and Mastercard to cancel the credit card "swipe" fee increases they planned to impose this month. The lawmakers cited inflation and a lack of competition in the card industry.

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South State Correspondent

APRIL 20, 2022

It was 102 years ago, almost to the day, that Babe Ruth hit his first home run as a Yankee against his previous team, the Boston Red Sox. That hit launched a juggernaut that not only changed baseball but changed the view of both team building and risk mitigation. In this article, we highlight the not-so-obvious lessons in banking learned from the New York Yankees when they managed the Sultan of Swat.

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Risk Management Boston Resources Management 221

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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

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Jack Henry

APRIL 21, 2022

ESG (environmental, social, and governance) has been a hot topic lately, and as Forbes’ article ESG Is Here and There’s No Turning Back explains, publicly traded companies can’t afford to neglect ESG matters any longer.

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Payments Dive

APRIL 20, 2022

From QR codes to advanced mobile apps and robots, restaurants are planning to adopt more technology within their operations — including payments — in the year ahead.

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Payments Mobile Operations Technology 439

South State Correspondent

APRIL 22, 2022

Fed Chair Powell Joins Hawkish Sweepstakes. We mentioned earlier that it seems each Fed official is trying to out-hawk the other and Fed Chair Powell has joined that competition. He mentioned yesterday in an IMF panel discussion that a 50bps rate hike is certainly on the table for May and that additional 50bps hikes are a possibility so as to “front load” some of the removal of policy accommodation.

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SWBC's LenderHub

APRIL 18, 2022

Last Week. Last week, the financial markets took hits from all directions. On the inflation front, March CPI and PPI came in at levels not seen since the late 1970s to early 1980s. On the war front, the conflict continued to rage as we move closer to direct engagement with Russia by announcing to deliver more and heavier weapons to Ukraine.

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Accenture

APRIL 21, 2022

In the first post in this series on data-driven mastery in banking Four ways data can improve banks’ bottom line, I discussed the many ways that data can help a bank’s bottom line. But for data-driven insights to propel growth for commercial banks, the data needs to be analyzed using machine learning or AI, and…. The post To solve business needs, set your bank’s data free appeared first on Accenture Banking Blog.

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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

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Payments Dive

APRIL 18, 2022

An executive with the cross-border payments company Wise Payments calls on the federal government to expose the hidden fees buried in international remittance transactions.

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Payments Company 387

South State Correspondent

APRIL 21, 2022

Fed Speakers Continue to Explore Hawkish Frontier. We mentioned on Monday with a light week of economic information the trading will be driven mostly by Fed speakers trying to out-hawk the other. So far, we haven’t been disappointed. Reliably quote-worthy St. Lous Fed President James Bullard was first out of the box with a statement that the Fed may want to consider a 75bps rate hike.

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Bobsguide

APRIL 22, 2022

For the third consecutive year, GBST has been named in the top 100 most innovative companies across the wealth and asset management industry, cementing its position as a global leader. The annual WealthTech100 list recognises the top technology companies that have had the most significant impact on the global asset management, wealth management and financial advice sectors, and which can be classified as world leaders in innovation.

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Accenture

APRIL 18, 2022

Few industries have faced more disruption over the past two years than travel. Ever-changing pandemic travel restrictions, local and national restrictions on businesses, customer cancellations, refund demands and other challenges have left many travel businesses, large and small, struggling to simply survive. My first post in this series (Growth in digital payments: a cross-industry view)….

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Industry Payments National Customer Experience 332

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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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Payments Dive

APRIL 19, 2022

The purchase of Ziglu, which is in the good graces of the Financial Conduct Authority, marks the second attempt by the stock-trading app to broach the U.K. market. Terms of the deal were not disclosed Tuesday.

Marketing 370

Marketing 370

South State Correspondent

APRIL 18, 2022

Historically, community banks have relied on net interest margin (NIM) instead of fee income to drive return on equity (ROE). In contrast, larger banks have emphasized non-interest income rather than NIM to boost ROE and revenue. For example, 40% of JP Morgan’s commercial banking revenue is derived from fee income, and JP Morgan’s commercial banking division is composed of middle-market and commercial real estate (CRE) lending.

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Lending Community Bank Community Comparison 195

SWBC's LenderHub

APRIL 18, 2022

When adding new products to their portfolios, financial institutions have no shortage of providers to consider. A well-thought-out introduction and delivery of new products to your account holders and employees is essential to a smooth rollout. This is especially the case with vehicle protection products like Guaranteed Asset Protection (GAP) , Major Mechanical Protection (MMP) , and SWBC’s newly introduced healthCAR program.

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Lending 148

Accenture

APRIL 20, 2022

This blog series began with a look at some of the challenges facing banks on their journey to cloud. This post focuses on a necessary shift for banks to maximize the value from their cloud migration: changing the bank’s culture. In my second Banking Cloud Altimeter Conversations video with Keri Smith, who leads Accenture’s Applied…. The post Banks capture cloud value with talent and culture appeared first on Accenture Banking Blog.

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Video 235

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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

Payments Dive

APRIL 21, 2022

The grocery chain added Amazon One technology, which lets users pay with their palm prints, to a newly opened store in Austin, Texas, this week and plans to bring it to six other area locations in the coming weeks.

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Austin Texas Technology 369

South State Correspondent

APRIL 18, 2022

Light News Week Leaves Focus on Fed Speak. There’s not much on tap this week in the way of first-tier economic data so the focus will be on Fed Speak. This is the last week for Fed officials to speak before going into their quiet period prior to the May 4 FOMC meeting. The first to speak is St. Louis Fed President James Bullard speaking on the economy and monetary policy.

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Bobsguide

APRIL 19, 2022

WARSAW, April 12, 2022 — Bank Pekao , Poland’s second largest bank and one of the largest financial institutions in Central and Eastern Europe, has selected Murex’s solution and plans to implement its MX.3 platform to optimize costs of the bank’s ongoing, comprehensive technological transformation. Murex , the global leader in trading, risk management and processing solutions for capital markets, has accompanied Pekao on the transition to the unified integrating platform, slated to be delivered

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Risk Management Capital Technology Management 147

Accenture

APRIL 17, 2022

When you’re immersed in the cloud world, it’s easy to sound off about all the advantages awaiting banks that make the move. But banks’ journey to cloud has faced its share of challenges and setbacks. Accenture introduced the Banking Cloud Altimeter, our interactive digital magazine, to help guide banks along the way and get straight…. The post What’s holding back a successful move to the cloud?

Security 195

Security 195

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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

Payments Dive

APRIL 19, 2022

Startup Stem Disintermedia, which aims to bring its financial payout tools to a broader sector of the music industry, lured investments from merchant payments player Block and the major fintech venture firm QED Investors to fuel its growth.

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Industry Payments Tools Fintech 351

BankBazaar

APRIL 21, 2022

Received your first salary? Congratulations! Resist the urge to splurge. Instead, a disciplined financial approach from your first pay onwards itself will work wonders in the long run. Here’s what to do. Receiving your first-ever pay cheque is a proud moment for most of us. It marks the first clear milestone in adulting. While the feeling is quite exhilarating – the flush of financial independence and a sense of accomplishment – resist the urge to splurge.

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Taxes Policies Course Cards 144

Bobsguide

APRIL 19, 2022

Following CompatibL’s recent win at Risk.net’s Markets Technology Awards 2022, Alexander Sokol spoke about the advantages of the new machine learning models for portfolio validation and risk management. As historical data from before the Covid-19 pandemic does not correctly represent the current levels of risk, CompatibL’s market generator models can serve as a smart solution to this pressing problem.

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Technology Marketing Risk Management Capital 147

CFPB Monitor

APRIL 18, 2022

To implement recent amendments to the Fair Credit Reporting Act (FCRA), the Consumer Financial Protection Bureau (CFPB) has proposed a rule intended to assist survivors of trafficking. The rule would establish a way for survivors to submit documentation to consumer reporting agencies (CRAs) identifying any “adverse item of information” about the consumer resulting from human trafficking, and would prohibit CRAs from furnishing consumer reports containing such information.

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Report Examples Payments 142

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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