Sat.Sep 10, 2022 - Fri.Sep 16, 2022

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4 experts deliver banking inspiration at Bank Customer Experience Summit

ATM Marketplace

Four experts shared thought provoking talks on various topics in the banking world at the Bank Customer Experience Summit held in Chicago from Aug. 31 to Sept 1.

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Pursuing Progress, Not Perfection, for Your Financial Brand

Digital Growth Institute

“There’s no such thing as a perfect strategy. I think putting people first is extremely important, especially when you talk about digital transformation.” -Cathy Graham.

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Study: Construction loan monitoring decreases loan defaults

Abrigo

Monitoring construction loans improves outcomes, study finds. Researchers find construction loans with more on-site inspections are less likely to default, suggesting that loan monitoring adds value to lenders. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 "Bank Monitoring with On-Site Inspections" will be presented later this month and claims to be the first empirical study of bank monitoring within non-syndicated loans. .

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De-Politicizing the Overdraft Discussion

Gonzobanker

As financial institutions look to evolve overdraft services, they should look at data to enhance customer service and manage risk. While there has been an abundance of political statements about excessive overdraft fees in banking, there has been a shortage of rational discussion to “unpack” this service with data regarding cost, value, and risk. Banks have the opportunity to evolve this product in a manner that truly services customer needs and avoids unintended consequences in consumers’ finan

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8 Signs Your Accounting Team Is Ready to Automate Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

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The Millennial Dilemma – To Buy Or Not To Buy A Home?

BankBazaar

W hile owning a home is a dream come true for most millennial s , if you don’t do the math right, you’ll end up despising what was meant to be a profitable investment. Advantages Of Owning A Home Compared To Renting . With sky-rocketing property prices and a gradual rise in Home Loan interest rates, many tend to opt for renting rather than buying.

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Federal Reserve Issues Supervisory Letter on Crypto Activities for Banks

Perficient

Similar to what the OCC issued in December 2021 , in August 2022, the Federal Reserve Board (FRB) issued a Supervisory Letter outlining the steps FRB member banks should take prior to engaging in crypto-asset-related activities, such as assessing whether such activities are legally permissible and determining whether any regulatory filings are required.

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Treasury Yields Continue to Creep Higher

South State Correspondent

Treasury Yields Continue to Creep Higher. Another round of global risk asset selling has our markets ready to open lower and Treasuries are going along for the ride. S&P 500 equity futures are indicated lower by 51 points to 3868. The index bottomed at 3685 in June, so still a distance away but a retest of that low seems to be in the cards as the FOMC meeting looms.

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Preparing for Section 1071

Abrigo

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." WATCH . Takeaway 1 The CFPB's proposed rule would require any lender with 25 or more covered transactions to collect more data for each application.

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CFPB mulls rules for BNPL

Payments Dive

The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

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Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

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2022 ATM and Self-service Software Trends and Analysis

ATM Marketplace

For the 15th consecutive year, ATM Marketplace and KAL ATM Software have partnered to publish the ATM industry's most influential and insightful annual guide, "ATM and Self-service Software Trends and Analysis.

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The Cost of a Commercial Real Estate Loan

South State Correspondent

Most financial institutions never see the actual cost of originating their products. To do so would require at least a rudimentary funds transfer pricing methodology, and many banks have not invested the time to derive a workable framework. Understanding a product’s cost structure is the first step towards accurate pricing and, more importantly, process improvement.

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Risk-based transaction monitoring

Abrigo

How to balance AML priorities Transaction monitoring is a critical component of a strong BSA program and a risk-based approach will allow for the best use of valuable resources. . You might also like this risk assessment checklist for BSA/AML professionals. DOWNLOAD . Takeaway 1 Though BSA/AML professionals juggle multiple priorities, s uspicious a ctivity m onitoring is the cornerstone of a strong reporting system. .

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Biden advances digital asset regulation

Payments Dive

The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.

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6 Alternative Lending Strategies for a Shifting Landscape

In the ever-evolving commercial lending landscape, adaptability is key to survival and growth. As lenders navigate the challenges and opportunities presented by the state of the market, alternative lending strategies have emerged as powerful tools for success. We will explore six strategies with the potential to transform lenders’ business. Understanding alternative lending strategies is crucial.

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Central Bank of Egypt selects Acumen.plus, the Treasury Platform for compliance and automation

Bobsguide

Profile Software , a leading financial solutions provider, has announced today that the Central Bank of Egypt (CBE) has selected Acumen.plus, the internationally implemented Treasury Management System, to effectively manage and streamline their operations whilst experiencing compliance and powerful reporting for reserve and debt management. The platform will be implemented at the Cairo Head office.

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The Growing Concern With Your Cost of Funds

South State Correspondent

The banking industry’s cost of funds (COF) is highly correlated to short-term interest rates. However, as of Q2/22, the average community bank’s COF has risen only a few basis points. Community banks should be concerned about their COF because looking at current deposit conditions is like driving a car while looking at the rearview mirror.

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Liz Truss faces backlash over plan to lift cap on bankers’ bonuses – UK politics live

TheGuardian

Latest updates: Kwasi Kwarteng’s plan to lift cap criticised as ‘very bad timing’ during cost of living crisis In its response to the legal proceedings launched by the EU over the Northern Ireland protocol (see 11.54am) , the UK government has said that it has unilaterally decided to continue suspending border checks on farm produce and other goods entering NI from Great Britain, my colleague Lisa O’Carroll reports.

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Zelle counters scam talk with growth rates

Payments Dive

The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

Payments 397
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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.

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Broadridge and Euronext Collaborate to Transform the Proxy Voting Lifecycle in Denmark

Bobsguide

In response to the growing drive for higher corporate governance standards – both globally and at a national market level – Broadridge Financial Solutions announced it has commenced live operations of its new “golden copy” event notification and direct vote execution service for the Danish market. The service, delivered in collaboration with Danish central securities depositary Euronext Securities Copenhagen, enables global and domestic banks, custodians, wealth managers and lo

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August CPI Headlines the Week

South State Correspondent

August CPI Headlines the Week. Treasuries are somewhat surprisingly finding an early bid this morning while awaiting the August inflation numbers tomorrow. That will be the key event of the week and provide the final piece of data for the Fed before hiking rates next week. The debate around 50bps or 75bps continues, although the latter seems to be the preferred choice given recent Fed speak.

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US Bank eyes growth with multilingual AI offerings

BankInovation

NEW YORK CITY — U.S. Bank is exploring additional language options for its voice-enabled Smart Assistant over the next three to five years. “Something we’re just getting into is multilingual,” Sierra Fontana, user experience designer of the Smart Assistant at U.S. Bank, said during the panel discussion “AI in Action: How Smart Players are Harnessing […].

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Amex, Discover see lasting credit changes

Payments Dive

The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Cetera Financial Group is First to Launch Broadridge Next-Gen Client Communications Experience

Bobsguide

Driven by investor research and innovative design, Wealth InFocus is transforming digital and print client communications and increasing investor engagement with a simpler, intuitive and actionable experience. To better engage investors, empower advisors and accelerate digital transformation in the wealth management industry, global Fintech leader Broadridge Financial Solutions launched Wealth InFocus, a next-gen wealth communications experience designed on a foundation of investor research, wit

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Why Kwarteng’s focus on bankers’ bonuses is a strange fight to pick

TheGuardian

Some of the chancellor’s other proposals may represent a step back to the light-touch era that led to 2008-09 crash Kwasi Kwarteng’s proposal to remove the cap on bankers’ bonuses is an odd political fight to pick. Inflation at 9.9% is tearing chunks out of the real-terms pay packets of the vast majority of the population who never get a sniff of a bonus, even in good times.

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Truist launches AI-enhanced Truist Assist

BankInovation

Truist Financial today launched its artificial intelligence (AI)-enhanced virtual assistant Truist Assist, which introduces a self-service element to the bank’s customer experience offerings. The virtual assistant leverages natural language processing and natural language understanding that helps answer client questions in a digital channel, Sherry Graziano, head of digital banking and contact centers at Truist, told […].

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JPMorgan buys payments firm Renovite

Payments Dive

The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

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The Blueprint for a Customer-Centric Digital Lending Experience

Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.