American Banker

OCTOBER 18, 2022

Industry 69

Industry 69

BankInovation

OCTOBER 17, 2022

Bank of America increased its technology investments during the third quarter amid increased virtual assistant and digital platform usership. The $3.1 trillion bank in Q3 enhanced its CashPro platform, launched biometric sign-in capabilities and posted a record number of digital logins, which is prompting the hiring of tech-focused talent to help facilitate the rise in […].

America 52

America Technology Digital Banking 52

ATM Marketplace

OCTOBER 18, 2022

In an age where customers are more willing than ever to switch banking providers, banks need to step up their game when it comes to mobile apps.

Mobile 135

Mobile 135

South State Correspondent

OCTOBER 20, 2022

We covered various frameworks to “wow” your customer HERE. We covered why “Time-on-Task” (or the companion Customer Effort Score) is the ultimate metric in banking HERE. In this article, the last in the series, we give you seven rules to improve your bank. While these rules were derived from improving time-on-task, they can enhance bank performance no matter what metrics a bank uses for customer, employee, or total experience (the combination of employee and customer experience). 1.

Policies 195

Policies Training Customer Experience Examples 195

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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

Lending

Payments Dive

OCTOBER 21, 2022

The bank said it invested in the regulated gaming company Sightline Payments this week, following an agreement earlier this year to be the firm’s primary merchant acquirer.

Regulation 417

Regulation Payments Company 417

Accenture

OCTOBER 16, 2022

The metaverse might seem like a fantasy for the future, and not something that will impact finance, but some auto and equipment finance organizations are already pursuing the new opportunities it presents. For those lenders and lessors that have not yet staked their claim, further delay could put them on the back foot. In our…. The post Bold steps through the virtual showroom to real finance appeared first on Accenture Banking Blog.

195

195

South State Correspondent

OCTOBER 17, 2022

In a previous article ( HERE ), we discussed the concept of Funds Transfer Pricing (FTP), why systemically important banks and large regional banks incorporate FTP, and why community banks should also consider implementing FTP. We defined an FTP framework, the regulatory recommendation for FTP, and how FTP allows community banks to make better decisions about balance sheet profit contribution (loans versus deposits).

How To 195

How To Community Bank Community Capital 195

Payments Dive

OCTOBER 18, 2022

“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based Wise executive.

Payments 418

Payments 418

Abrigo

OCTOBER 18, 2022

Streamlining the construction loan process Construction d raw s oftware helps lenders and contractors to automate the construction loan management. . You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction draw management software can increase lender efficiency and reduce risk by saving time.

Software 195

Software How To Lending Management 195

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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

Report

TheGuardian

OCTOBER 17, 2022

New chancellor made no mention of policy in economic update, but Treasury sources confirm he will go ahead with controversial move Hunt rips up most of Kwarteng’s mini-budget UK politics: all today’s developments – live The new chancellor, Jeremy Hunt, is pressing on with plans to scrap the bankers’ bonus cap, protecting one of the most divisive policies from his predecessor’s disastrous mini-budget.

Policies 98

Policies 98

ABA Community Banking

OCTOBER 18, 2022

The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans. The post USDA provides nearly $800 million in loan relief, more aid to come appeared first on ABA Banking Journal.

Community Bank 98

Community Bank Community 98

Payments Dive

OCTOBER 19, 2022

From self-checkout machines to checkout-free stores, the options for processing payments are expanding at retail venues. Here’s how retailers find the best fit.

Retail 397

Retail Payments 397

Abrigo

OCTOBER 18, 2022

Top benefits of construction loan software for bankers and clients Why many banks and credit unions are turning to fintech for construction loan automation. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loans are considered risky because they involve long-term exposure to collateral, often with no other tangible assets.

Software 195

Software Lending System Management 195

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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.

US

TheGuardian

OCTOBER 19, 2022

No commitment yet to cut banking surcharge after corporation tax U-turn, leaving sector face headline tax rate of 33% UK banks are steeling themselves for a windfall tax by stealth as the new chancellor, Jeremy Hunt, tries to plug a £40bn hole in the public finances. City lobbyists are concerned that banks will not be compensated for Hunt’s U-turn on corporation tax, which will now mean the levy rises from 19% to 25% next year.

Taxes 98

Taxes 98

BankInovation

OCTOBER 21, 2022

Westlake Financial has launched a credit card rewards program using back-end technologies from embedded finance company Railsr. The Westlake Black Credit Card gives the financial institution’s customers 2% cash back on all qualified automotive-related purchases including vehicle maintenance and servicing, gas, oil changes and brakes, Jim Eyraud, vice president of Wilshire Consumer Credit, a wholly […].

Cards 96

Cards Fintech Technology Company 96

Payments Dive

OCTOBER 20, 2022

Macroeconomic headwinds, consumer health and cost management are set to be topics of conversation during payments companies' quarterly earnings calls.

Company 389

Company Payments Management 389

BankUnderground

OCTOBER 18, 2022

David Swallow and Chris Faint. Policymakers have been investing heavily, to an accelerated timeline, to better understand the financial risks from climate change and to ensure that the financial system is resilient to those risks. Against that background, some commentators have observed that the most carbon-intensive sectors may be subject to the greatest increase in transition risk.

Analysis 95

Analysis Regulation Capital Policies 95

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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

SWBC's LenderHub

OCTOBER 20, 2022

Welcome to the second conversation in our Elevating Voices Series! In case you missed the first one, A Discussion About Equity and Inclusion in Lending , we are engaging in various conversations with real estate and real estate lending professionals regarding diversity, equity, and inclusion within our industries. We will also speak about dynamics impacting homeownership rates amongst Black and Latino communities and draw attention to the people and organizations that are working to make a diffe

Texas 78

Texas Taxes Lending Community 78

CFPB Monitor

OCTOBER 20, 2022

After reviewing how the AMLA expands the BSA’s goals, we look at which AMLA provisions have the most impact on BSA compliance, including the AMLA’s emphasis on information sharing, the Financial Crimes Enforcement Network’s “national priorities” and the value of threat pattern and trend information to bank compliance efforts, and the AMLA’s expansion of the U.S. government’s authority to subpoena information from foreign financial institutions that maintain correspondent banking relationships wi

Compliance 78

Compliance National Trends Regulation 78

Payments Dive

OCTOBER 18, 2022

With the company set to report third-quarter results next week, ongoing employee cuts have put severance expense under the microscope.

Report 418

Report Company 418

Jack Henry

OCTOBER 19, 2022

So, you have a firewall monitoring service, email protection that scans every inbound email for malicious content, and decent endpoint protection software by a well-recognized name.

Software 78

Software Digital Banking 78

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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

TheGuardian

OCTOBER 18, 2022

Lender told it must in future acknowledge its role in climate crisis after ‘misleading’ Cop26 campaign HSBC has suffered a fresh blow to its green credentials after the UK advertising watchdog banned a series of misleading adverts and said any future campaigns must disclose the bank’s contribution to the climate crisis. The ruling by the Advertising Standards Authority (ASA) followed dozens of complaints over posters that appeared on high streets and bus stops in the lead-up to the Cop26 climate

Conference 94

Conference Regulation 94

CFPB Monitor

OCTOBER 19, 2022

The CFPB, Fed, and OCC have announced that they are increasing three exemption thresholds that are subject to annual inflation adjustments. Effective January 1, 2023 through December 31, 2023, these exemption thresholds are increased as follows: Smaller loans exempt from the appraisal requirement for “higher-priced mortgage loans” are increased from $28,500 to $31,000.

Regulation 78

Regulation Lending Security 78

Payments Dive

OCTOBER 17, 2022

Nonbank fintechs are pushing for access to the new federal faster payments system as its launch date next year approaches.

Fintech 352

Fintech System Payments 352

Jack Henry

OCTOBER 18, 2022

The increased interest employers are showing in prioritizing financial wellness plays an important role in improving the financial health of people across the U.S. Although this continued interest in improving financial health from within is promising, a recent Financial Health Network survey revealed the percentage of people who are considered financially healthy actually declined from 34% in 2021 to 31% in 2022 for the first time in five years.

Survey 78

Survey 78

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.

Marketing