Accenture

DECEMBER 16, 2022

The pace of change is not slowing down. Customers’ expectations have radically changed, and they expect much more from their banking products and services than ever before. To maintain relevance, banks need to be on the pulse of these needs and create products to solve them—to unlock value for both their customers and the bank.…. The post The Ultimate Guide to Product Innovation in Banking appeared first on Accenture Banking Blog.

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Accenture

JUNE 14, 2022

You can divide the history of money into five epochs, with each creating a new paradigm for the exchange of value. We are about to enter the next one—and it might just mean that the idea of money will come full circle. Direct exchange of the goods being traded is the oldest form of value…. The post Why money in the metaverse is a huge opportunity for banks appeared first on Accenture Banking Blog.

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Payments Dive

OCTOBER 10, 2022

The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.

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Independent Banker

MAY 31, 2022

Photo by Chris Williams. Community continuation is not about checking a regulatory box; it means putting a name to the people who will be the future of our banks. One of my favorite sayings my dad passed onto me is also a motto I live by: “How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of the weak and the strong.

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Community Community Bank Compliance Leadership 252

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Technology

Gonzobanker

DECEMBER 19, 2022

OK, show of hands. Who saw 2022 coming and accurately predicted the headlines? All of you with your hands up… … uh huh. Pull ’em down. No, you didn’t. Nobody did. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. A few modest examples of the 2022 roller coaster ride: The Fed rate hikes in 2022 totaled 425 basis points.

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Fintech Digital Banking Community Bank Lending 216

TheGuardian

MAY 21, 2022

The banker and former regulator has seen many crises in his career, but war and political division have him worried Sir Howard Davies is a worried man. He is worried about political polarisation. He is worried about the long-term impact of Brexit on the City of London. And he is worried by the pushback against globalisation. One thing he is not especially worried about is the health of the bank he chairs, NatWest, which in its former guise as Royal Bank of Scotland was on the edge of collapse du

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Dataconomy

DECEMBER 28, 2022

Artificial intelligence (AI) has the potential to revolutionize the way we drive and transport goods and people. Self-driving cars, also known as autonomous vehicles, are a type of vehicle that use AI and other advanced technologies to navigate roads and highways without the need for a human driver. There are several benefits to self-driving cars. […].

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CB Insights

OCTOBER 4, 2022

CB Insights has unveiled the winners of the fifth annual Fintech 250 — a list of the 250 most promising private fintech companies worldwide. . Some of this year’s winners are building safer and more efficient ways to send and receive payments. Others are striving to make banking, loans, mobile wallets, and investing products available to historically underserved populations all over the world. .

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Fintech Company Payments cryptocurrency 101

American Banker

DECEMBER 14, 2022

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Fintech Payments Strategy 101

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

Fraud

The Financial Brand

NOVEMBER 27, 2022

This article Elon Musk’s Twitter Takeover: Lessons for Bank Leaders appeared first on The Financial Brand. Whether or not you approve of how Elon Musk is changing Twitter, his high-stakes actions offer important leadership lessons. This article Elon Musk’s Twitter Takeover: Lessons for Bank Leaders appeared first on The Financial Brand.

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Leadership Branding Banking Trends Trends 43

The Paypers

NOVEMBER 28, 2022

The Government of the UK and the Monetary Authority of Singapore (MAS) have signed a cross-country memorandum of understanding (MoU), deepening collaboration in fintech, and strengthening their financial cooperation.

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Fintech 42

Accenture

AUGUST 10, 2022

It’s an exciting time to be in payments—new technologies and business models are opening up more opportunities and markets. But that excitement is often tempered by concerns that efforts to capture compelling business opportunities may expose the new venture—and the firm—to unnecessary cybersecurity risk. But what if both the business and cyber teams were fully….

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Payments Innovation Security Technology 538

Payments Dive

AUGUST 19, 2022

The federal government’s new real-time payments system should be ready for use by the middle of next year, Fed Governor Michelle Bowman said in a speech this week.

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Payments System 546

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What to expect? The commercial and industrial (C&I) lending sector has been undergoing a transformation in recent years thanks to technological advancements and changes in customer expectations. The traditional way of lending, where commercial lenders relied on manual attorney processes and legacy software solutions, is slowly becoming obsolete.

Lending

Independent Banker

MARCH 31, 2022

Photos by Chris Williams. From credit union overreach to onerous overregulation, the 2022/23 ICBA board of directors has plenty on its to-do list. Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking.

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Community Bank Fintech Community Regulation 239

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

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National Groups 533

Accenture

JUNE 8, 2022

The pandemic has shown us the dangers of putting efficiency above all else. Systems and processes, at organizations around the world, that were tuned close to perfection were upended when an unexpected catastrophe struck. Human ingenuity and empathy came to the fore in crafting a multitude of responses to the calamity. Now as we emerge…. The post Savvy banks look to AI to regain customers’ trust appeared first on Accenture Banking Blog.

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System US Trends 540

Accenture

FEBRUARY 22, 2022

As you read this, the internet is being reshaped. And it’s already transforming banking. We have not witnessed a topic explode quite like the metaverse. While extended reality (XR) technology has been around for some time, the topic’s momentum has recently accelerated with some analysts now predicting the metaverse to be an $8 trillion opportunity.….

Technology 545

Technology Digital Banking 545

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Software

Accenture

MARCH 14, 2022

It’s important but not critical. That’s been the dominant narrative around sustainability. Until now, that is. There seems to be a definite shift to changing this narrative, a shift that could be worth trillions of dollars to the banking industry. In 2007, Google famously became the first major company to be carbon neutral. According to…. The post Shift to green could be worth trillions for banks appeared first on Accenture Banking Blog.

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Google Industry Company Banking Trends 543

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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Digital Banking Technology 536

Payments Dive

JULY 20, 2022

A federal government report released this week takes aim at the problem of fraudulent public benefit payments, which mushroomed to $281 billion for fiscal year 2021.

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Payments Report 545

Accenture

JUNE 29, 2022

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.

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US Trends 525

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Today’s B2B clients have developed consumerized expectations, which means that financial services firms need to create a differentiated digital experience to grow a dedicated client base. Read three marketing trends — backed by data — that will give your firm a competitive edge in the digital era.

Trends

Accenture

MAY 12, 2022

If there’s one thing the payments industry has learned to expect over the last decade, it’s the unexpected. Even before the pandemic rewrote the rules on customer expectations, industry incumbents were being compelled to innovate by forces such as the advent of new technology like artificial intelligence, disruptive new competitors of all sizes, and shifting….

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Payments Innovation Industry Technology 528

Payments Dive

JULY 14, 2022

The Federal Reserve plans to unleash a U.S. real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments.

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Payments System 518

Accenture

SEPTEMBER 1, 2022

As promised in our last post, today we are diving deeply into why a technology integration strategy is a critical enabler for a successful fintech acquisition and for fostering (and, ideally, for accelerating) the growth of the fintech. Historically, the banking industry has been slow to modernize. This makes it challenging for most incumbent banks….

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Fintech Strategy Technology Industry 510

Accenture

AUGUST 3, 2022

Muscle memory is the enemy of innovation. When it comes to transformations, process optimization is often under-valued by auto and equipment finance organizations as they implement a modern core or move their data and applications to the cloud. Adam Little and I think that’s a mistake. You must let go of old habits and challenge…. The post How old habits are the 4-letter word in your growth progress appeared first on Accenture Banking Blog.

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Innovation Data System 507

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Strategy