Sat.Jun 25, 2022 - Fri.Jul 01, 2022

article thumbnail

9 ways to manage credit risk

Independent Banker

Illustration by erhui1979/iStock. Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. These experts share nine tips and credit risk best practices to offer stability in an ever-changing market. By Judith Sears. Inflation and rising interest rates to combat inflation are defining the current business environment.

article thumbnail

Business is global by default: Why haven't payments kept up?

Payments Dive

To compete internationally, businesses need a reliable method to make and receive real-time payments.

Payments 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Becoming a “Bahama Mama” Crypto-Style: A Closer Look at The Digital Asset Landscape in The Bahamas

Perficient

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Some of these online articles can be found here: OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities – Perficient Blogs.

article thumbnail

European banks gain vital edge in race to the cloud

Accenture

European banks are starting to overcome the obstacles that slowed their shift to cloud computing. And in the race to recover lost ground, they can learn from the experiences of their counterparts in the US and Asia. One of the biggest lessons European banks need to take to heart is the importance of selecting the…. The post European banks gain vital edge in race to the cloud appeared first on Accenture Banking Blog.

US 409
article thumbnail

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

article thumbnail

Loan Betas: A Key ALM Assumption for NIM as Rates Rise

Abrigo

What Are the Loan Betas in Your Plan for Rising Interest Rates? Loan betas, or how rates for new and repriced loans will act as interest rates rise, are critical ALM inputs for NIM forecasts. . You might also like this webinar, "Banking in a Rising Rate Environment: Myth Busters Panel." WATCH . Takeaway 1 In prior rising-rate environments, inaccurate loan betas have led to net interest margin gains falling short of ALM model projections.

Lending 195

More Trending

article thumbnail

What Information Must Be Included in a TRACE Trade Report? (Part 5 of 6)

Perficient

Because the purpose of TRACE is to help facilitate transparency in the U.S debt market, each TRACE trade report is required to contain the following information: . Committee on Uniform Securities Identification Procedures (CUSIP) number , or if a CUSIP number is unavailable at the time of execution, a similar numeric identifier. Examples include a mortgage pool number or a FINRA symbol.

Report 275
article thumbnail

How banks can thrive in the face of rising interest rates

Accenture

Bankers must be weary of all the talk about disruption; in the past 15 years they’ve had to survive both the economic and reputational fall-out of the Great Recession, digitize their business and start moving it to the cloud, manage the greatest-ever distribution of relief funds to see their customers through the COVID-19 pandemic, and…. The post How banks can thrive in the face of rising interest rates appeared first on Accenture Banking Blog.

article thumbnail

The Crypto Wallet for Web 3.0 – Why It Needs To Be In Your Strategic Plan

South State Correspondent

Set aside the noise of cryptocurrency for a second and focus on the potential of a new digital asset, or crypto, wallet. The crypto wallet can be the centerpiece of customer engagement for Web 3.0 and can be used for a myriad of new applications. The bigger picture here that banks should consider is that the blockchain has the ability to bring together an array of bank products and make them more secure, more interoperable and more efficient than they ever could be under Web 2.0.

article thumbnail

FTC sues Walmart over money transfer services

Payments Dive

The federal agency said Tuesday that the big retailer allowed money transfer fraud that “fleeced customers out of hundreds of millions of dollars.

Fraud 366
article thumbnail

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

article thumbnail

2022 Best Community Banks to Work For Award

Independent Banker

Be recognized as one of community banking’s best employers. In a tight labor market, companies need to do all they can to attract and retain the best and brightest. ICBA Independent Banker ‘s Best Community Banks to Work For award is your chance to show job hunters and current staff why your community bank is an unbeatable place to build a career.

article thumbnail

How to get it right: Open Banking payment errors

Accenture

The shift to digital services has accelerated since 2020, improving the potential of Open Banking payments to become a viable alternative to card payments. Cumulatively, over 26.6 million Open Banking payments had been executed by the end of 2021. There was a 500% increase in that year alone. The user experience will be key to…. The post How to get it right: Open Banking payment errors appeared first on Accenture Banking Blog.

How To 328
article thumbnail

Know Your Rights! Credit Card Billing Rules from July 1st, 2022

BankBazaar

Here’s everything you need to know about Credit Card billing, effective from July 1st, 2022, as defined by the RBI’s guidelines around Credit and Debit Card issuance released in April. On April 21 st , 2022, India’s central bank, the Reserve Bank of India, released a new set of guidelines pertaining to the issuance of both Credit Cards and Debit Cards in India.

Cards 147
article thumbnail

From a payments CEO: 5 discriminatory behaviors that need to go

Payments Dive

“Until the industry addresses this blatant lack of advocacy for women in leadership, it will continue to foster a culture where women can’t thrive,” says Stax CEO Suneera Madhani.

article thumbnail

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.

article thumbnail

Brad M. Bolton: Working through difficult times

Independent Banker

Photo by Chris Williams. Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. Back in the late ’90s and early 2000s, our bank faced a significant challenge around loan quality.

article thumbnail

How to grab your share of new payments growth

Accenture

Most payments leaders who participated in our Growth in Payments research think digital payments could overtake plastic cards and cash by 2025. It’s clear that they expect a surge in payments innovation, different consumer behaviors, shifting regulations—and new payments growth. And like all payments players, middle market banks want to grab their share of it. ….

How To 195
article thumbnail

CFPB issues advisory opinion on permissibility of “convenience fees” charged by debt collectors subject to the FDCPA

CFPB Monitor

The CFPB has issued an advisory opinion that addresses when the Fair Debt Collection Practices Act permits a debt collector to charge “pay-to-pay” or “convenience fees,” such as fees imposed for making a payment online or by phone. . FDCPA section 808(1) prohibits debt collectors from collecting “any amount (including any interest, fee, charge, or expense incidental to the principal obligation) unless such amount is expressly authorized by the agreement creating the debt or permitted by law.

Maryland 142
article thumbnail

PayPal hit with Venmo fraud lawsuit

Payments Dive

Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal.

Fraud 397
article thumbnail

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.

article thumbnail

Rebeca Romero Rainey: Shifts in lending

Independent Banker

Photo by Chris Williams. Loan providers are multiplying, and we cannot underestimate the need for a frictionless loan, one that removes hoops for our customers and feels simple, efficient and effective. As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. Remember, not that long ago, when a loan card was handwritten on a one-page form?

Lending 141
article thumbnail

Do your banking customers follow your happy path?

Accenture

When your bank’s customers are using the products and services you offer them, do they always navigate along the journey you expect—or want—them to take? How often do they make a wrong turn or do something you didn’t anticipate? And when this happens, how quickly and easily can you get them back on track, ensuring…. The post Do your banking customers follow your happy path?

article thumbnail

ATM servicing: Simple solutions to common problems

ATM Marketplace

When it comes to ATM servicing, the same issues tend to pop up again and again. For example, ATMs often get jammed, or the power might drop due to the fact the ATM is sharing a power outlet with many other devices. Fortunately, there are simple solutions to these common issues.

ATM 116
article thumbnail

Congress takes on 'bro culture' in fintech

Payments Dive

A congressional task force this week heard from fintech founders and venture capitalists about persistent inequities in funding for female- and minority-founded startups.

Fintech 284
article thumbnail

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.

article thumbnail

Charles Potts: Fueling growth through innovation

Independent Banker

Image by Antonio Solano/iStock. By Charles Potts, ICBA. Demand for digital solutions continues to accelerate, making innovation an imperative for community banks looking to excel in today’s evolving market. That’s why ICBA makes innovation a priority and provides community banks with the information and tools necessary to grow and succeed in today’s competitive landscape.

article thumbnail

TS Imagine Connects to Coinbase Prime

Bobsguide

New York, 23 June 2022: TS Imagine , a global leader in trading, portfolio and risk management solutions for capital markets, has successfully connected with Coinbase Prime, the prime broker for digital assets, to offer institutional clients a fully regulated path to trade cryptocurrencies. TS Imagine clients can now connect to Coinbase Prime with TradeSmart, the all-asset execution and order management system, and use the full range of crypto-trading functionality native to the TradeSmart platf

article thumbnail

Delivering on the promise of conversational AI verticalization is adding real value to chatbots. Now we need to scale

BankInovation

As virtual assistants—or chatbots as they are commonly called—burst onto the scene a decade ago, many banks saw a tremendous opportunity to lower service costs, deflect calls during peak hours, and offer 24/7 customer support. Early chatbot success in e-commerce encouraged banks to explore ways to leverage them for customer service. The rapid proliferation of […].

article thumbnail

Fintech Amount cuts about 18% of workforce

Payments Dive

The Chicago-based banking technology provider, valued at $1 billion last year, said this week it had pared 108 workers in what the company called “proactive adjustments.

Chicago 259
article thumbnail

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.