PYMNTS

OCTOBER 11, 2018

Europe’s largest banks have landed in the hot seat, thanks to a recent Fortytwo Data report that found 90 percent had been sanctioned for money laundering activities. Now, a new report is shining a spotlight on European banks’ lackluster performance in another area: small business (SMB) services.

Digital Banking 172

Digital Banking Survey Online Report 172

PYMNTS

APRIL 3, 2018

Small business (SMB) banking is in need of an overhaul. Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. That means risks for innovators (and banks) — but a massive opportunity too.

blockchain 177

blockchain Tools Regulation Fintech 177

PYMNTS

JANUARY 26, 2021

First, appreciate how far RTP had come. Tools that help banks quickly analyze consumers’ behaviors for suspicious activities could help banks level up their defenses and ferret out bad actors before fraudsters pull off their scams.”. PYMNTS recently reported that “66.7 Indeed, 85.3 They’re also “very interested.”.

Fraud 274

Fraud Los Angeles Tools Security 274

Abrigo

DECEMBER 1, 2020

Several banking and business groups have called on the SBA to suspend the use of the forms due to concerns about them. The ICBA and other groups have asked the SBA to suspend use of the questionnaires, saying they seem to indicate a change in how the SBA will evaluate borrower eligibility for the loans.

Lending 195

Lending Resources Groups Analysis 195

PYMNTS

APRIL 1, 2020

Credit unions (CUs), as much as other financial entities, are seeing a boom in competition as banking moves to online and mobile channels. In the March Credit Union Tracker® , PYMNTS analyzes the latest developments in the CU space, such as how they are tackling fraud protection challenges in a growing online banking ecosystem.

United States 181

United States Innovation Online Tools 181

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. The uptick in fraud, such as the Business Email Compromise, has continued to target areas like bank transactions, despite firms’ increased spending on anti-fraud measures, the survey found.

Software 223

Software Fraud System Survey 223

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Tech companies trying to support a bank stack have no easy task.

Technology 147

Technology Regional Community Bank Community 147

PYMNTS

APRIL 15, 2020

The coronavirus pandemic has exposed vulnerabilities across doing business as usual, as the nature of commerce and how we pay has changed on a dime, moving online with breathtaking speed. In the end, she said, the entire payments ecosystem enjoys the benefits of being flexible and streamlined in developing new products and services.

Software 174

Software Data Resources Course 174

Gonzobanker

NOVEMBER 16, 2023

Banking leaders looking for the next wave of growth need to think differently about marketing to half the population. This means a significant contribution in terms of budget and resources from the marketing department. Demographically, half of the U.S. Take a look at Chime. Yes, that’s a lot of Benjamins.

social media 97

social media Marketing Millennials Trends 97

Independent Banker

SEPTEMBER 30, 2021

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities. By Katie Kuehner-Hebert.

Community Bank 91

Community Bank Community Milwaukee Jacksonville 91

PYMNTS

JUNE 30, 2020

Credit union (CU) members are traditionally loyal, but the accelerated shift to digital banking amid the pandemic has led a growing number to consider other banking options. CUs that cannot provide the loyalty and rewards innovations consumers crave risk losing them to other digitally focused FIs, including challenger banks.

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Gonzobanker

APRIL 3, 2019

Rework management accounting and resource allocations to reflect real production value instead of traditional profits and losses, which often treat marketing, contact centers and information technology as cost centers. Switch out sales pitch-oriented collateral with interactive and compelling information to drive self-buying.

social media 125

social media Exercises Millennials Training 125

Jeff For Banks

DECEMBER 28, 2023

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. We do this on an outsourced basis, meaning we custom build the model based on how the institution is managed. If line of business profitability, we follow the institution's org chart. If product profitability, we follow their product list.

Groups 87

Groups Capital US Community 87

PYMNTS

MAY 12, 2020

The continued pivot toward digital banking and mobile devices substituting for in-person visits to branches is spurring financial institutions (FIs) to reconsider how they deliver new products and services – and what their consumers really need right now. Pivoting Toward Contactless.

Innovation 160

Innovation Cards Mobile Fintech 160

PYMNTS

JANUARY 18, 2018

The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. But according to a new report from EY, it would be unfair to say that regulation is the only driving force behind large banks’ changing market strategies.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

MAY 6, 2020

Banks are used to innovating their fraud approaches annually to respond to bad actors using new tactics or upgraded tools, with one report finding that financial institutions (FIs) and businesses saw 30 distinct fraud attacks every hour in 2019, for example. Financial fraud costs businesses an estimated $1.45 One recent breach at U.S.

Data 181

Data Fraud Tools Technology 181

South State Correspondent

FEBRUARY 22, 2023

When we analyze a bank, it is typically the first thing we look for, as deposit pricing and structure are the metrics that tell you the most about the quality of a bank. Almost equally important is the behavior or performance of a bank’s liability base with movement in interest rates. Deposits, however, are pure.

Management 195

Management Marketing Branding Strategy 195

PYMNTS

JULY 24, 2019

With Johnson named as new Prime Minister, analysts are again shifting their focus on the execution of Brexit and how FX markets will be impacted. However, focus will quickly switch to the next steps — namely, cabinet appointments and the Brexit plan. The victory of Boris Johnson in the U.K.’s following news of Johnson’s victory.

Policies 143

Policies Survey Capital Marketing 143

PYMNTS

MAY 1, 2019

They not only have to battle fellow credit unions and banks, but also newer FinTech players offering wide-ranging innovations that can entice modern consumers. percent of CU members said they would switch from CUs to FinTechs if the latter provided the same level of trust. Engagement begins immediately. Measuring member engagement.

United States 122

United States Survey Fintech Data 122

PYMNTS

AUGUST 7, 2020

This has had a ripple effect on the broader investment industry, as banks and other financial firms look to meet customers’ needs while mitigating the pandemic’s effects on their operations. Around The Disbursements Worl d. trillion shy of the funds they need to do so.

Millennials 159

Millennials Report Industry Study 159

PYMNTS

MAY 4, 2018

Mobile apps aren’t a panacea for banks in India, where in 2017, only 26 percent of consumers said they prefer using a mobile app rather than talking to a bank agent. Plus, how all types of businesses – from Hong Kong newsstands to KFC – are updating their mobile point-of-sale solutions. Bank in a Box” Helps Services Travel.

Meeting 101

Meeting Trends Mobile Cards 101

Insights on Business

SEPTEMBER 6, 2017

Today, disruption, change, and competition are the new paradigm for banks. Not only are financial institutions being squeezed by growing costs and continued margin pressure, agile FinTechs are driving an imperative for hybrid cloud banks to become more open and agile in order to offer more compelling services to clients.

Fintech 146

Fintech Innovation Digital Strategies Strategy 146

PYMNTS

OCTOBER 16, 2017

APIs are critical stepping stones to the banks’ digital future, he noted. Bringing Banks Up To Speed. Problem number one, according to Koch, is that apart from the largest, best-resourced and most technologically sophisticated players in banking, most financial institutions are not set up to simply flip APIs on like a light switch.

Technology 200

Technology Innovation ATM Resources 200

PYMNTS

JULY 1, 2020

Credit unions (CUs) have long relied on personalized banking approaches and trust to retain their members, but those that cannot meet all of their members’ needs are at serious risk of losing them to other financial institutions (FIs). billion in assets, more than 343,000 members, 33 branches and four back-office service centers.

Branding 216

Branding Houston social media Innovation 216

PYMNTS

APRIL 16, 2019

The API seems to be on everybody’s lips, a catchphrase or buzzword for a sea change in banking that has the potential to upend the way we do business across any type of interaction. The back and forth between businesses, whether centered on payments or data, is mired in paper, phone calls and faxes — in short, wasted time and resources.

Security 179

Security Data Payments System 179

PYMNTS

APRIL 16, 2020

No matter how smart the artificial intelligence gets, how clever the model or advanced the machine learning tools we build to predict the future become, the future will likely carry on with its annoying habit of throwing novel events into the mix that confound the models — and require a lot of roadmap rewriting. Innovating On A Dime.

Innovation 141

Innovation Meeting Industry Tools 141

Accenture

AUGUST 26, 2019

The payments industry is continually evolving, with change driven by various evolutionary business initiatives such as Open Banking, Real-Time Gross Settlement (RTGS) system renewal and Instant Payments. Why is the switch over to ISO 20022 so significant? A number of these developments do not sound particularly exciting.

Industry 174

Industry Payments System Guidelines 174

Celent Banking

MAY 24, 2017

For many bankers much of the content is, frankly, too academic, but there are always some nuggets worth passing along to those who are interested in forging closer connections with their banking customers. We all know that data is valuable; The Economist has even called it our most valuable resource, the new oil.

Conference 125

Conference Colorado Study Course 125

Qudos Bank

FEBRUARY 15, 2024

From shopping strategies to secure banking options, we explore the many ways to help you manage your hard-earned money amidst the economic climate. From shopping strategies to secure banking options, we explore the many ways to help you manage your hard-earned money amidst the economic climate.

Management 52

Management Taxes Cards Resources 52

FICO

OCTOBER 12, 2022

Here's how technology from the banking space can help telcos compete with aggressively competitive sales and retention tactics. Innovators are shoring up their market share by opting for cloud-hosted platform technology more typically favoured by banks. Risk-Aware Marketing to Personalize Telco Customer Engagement. FICO Admin.

Marketing 96

Marketing Analytics Customer Experience Data 96

PYMNTS

JUNE 13, 2019

How about a bigger number, though equally disquieting? After all, he told PYMNTS, we all know how checks work, but, when moving into real-time payments, there can be a lot of confusion and choices to navigate. As much as 80 percent of firms still rely on paper checks when it comes to making business-to-business (B2B) payments.

Payments 165

Payments Resources System Compliance 165

PYMNTS

JANUARY 31, 2017

The financial institutions, which are responsible for interpreting how to map an ISO message to an ACH file on behalf of their clients (corporates), are working with NACHA to help with standardizing the way the mapping happens. Meaning it’s not a quick and easy switch to make. Making The Case For ISO 20022.

Payments 100

Payments Case Study Resources Regional 100

Celent Banking

APRIL 27, 2015

Celent recently released the report On the Margins: A Comparison of Banks and Credit Unions by Asset Tier , where community institutions of the same size are compared across a number of performance metrics, mainly efficiency ratio. Efficiency ratios measure how much it costs an institution to create one dollar of revenue.

Community 100

Community Resources Comparison Maine 100

Cisco

NOVEMBER 16, 2020

” Financial Services customers are now embracing this Cloud-first strategy for a broader part of their IT: WIFI6 and High-Performance Wireless, Campus and Branches Switching, Secure SD-WAN, Smart Cameras, and IoT Sensors…across multiple locations. .” Secure and compliant remote work enablement.

Security 138

Security Compliance Video ATM 138

PYMNTS

JUNE 3, 2016

the debate continues over the payroll card and whether it’s a tool to provide key resources for underbanked employees or one that unfairly burdens them with fees. “Among the efforts to spread Visa electronic payments in Egypt is cooperating with banks that issue cards for government salaries,” he said. In the U.S.,

Cards 100

Cards Tools Resources Payments 100

PYMNTS

NOVEMBER 8, 2017

Pundits prophesy a cashless society — and indeed, vast swaths of consumers are migrating to digital and mobile channels for many of their banking needs, as shown by a decline in the number of brick-and-mortar retail bank branches. Millennials are taking a mobile-first approach to banking, driving that transformation.

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

APRIL 1, 2019

It doesn’t matter where you are banking, if you have a problem you want to be able to reach out at any time and get that problem solved,” Jack Lynch, chief risk officer at PSCU , told PYMNTS in a recent discussion. It’s a powerful starting place and a statistic that gives greater insight into how credit unions in general are crushing loyalty.

Innovation 141

Innovation Fintech Fraud Security 141