June, 2022

PayPal changes up its pricing

Payments Dive

In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system

Savvy banks look to AI to regain customers’ trust

Accenture

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.

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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.

For Ag Lenders, Farm Outlook Warrants Watching

Abrigo

Ag Sector Outlook Presents Opportunity and Risk for Lenders Higher prices for agricultural producers and continued gains in farmland values are meeting rising interest rates and input costs. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." WATCH.

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Stablecoin News for the week ending Wednesday 1st June.

Daily Fintech

Here is our pick of the 3 most important Stablecoin news stories during the week. Now what!?? As the dust settles on the cataclysmic collapse of the Terra (UST) ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways.

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Toast heats up restaurant payments competition

Payments Dive

As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say

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Why money in the metaverse is a huge opportunity for banks

Accenture

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….

How To Prepare For The Risk of Stagflation in Banking

South State Correspondent

We recently posted an article ( HERE ) about how the Federal Reserve is bursting the everything bubble, and this will cause pain for some banks in the form of interest rate, credit, and liquidity risk.

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The Fed’s ELE Tool for CECL: What It Is and Isn’t

Abrigo

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard.

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Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

AURIGA HONOURED WITH PRESTIGIOUS GLOBAL ATM INNOVATION AWARD

Bobsguide

Ground-breaking WWS ATM Acquiring Software Wins ATMIA Peter Kulik Innovation Award.

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5 Things My Father Taught Me About Money

BankBazaar

Learning how to manage finances is a lifelong process. Here are five dad-approved tips to help you manage your money better! Let’s face it, financial advice from fathers is usually beneficial. My grandfather had seven sons, the third of whom was my father.

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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

Use AI tools to unlock customer and employee superpowers

Accenture

Commercial banking customers value the human relationships they have with bank employees, who provide advice, support and warnings about potential problems. Customers are looking for relationships based on empathy, responsiveness, customer focus and efficient service.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Use This Framework for Better Bank Innovation

South State Correspondent

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult.

Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages.

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Market Commentary: Week of June 6, 2022

SWBC's LenderHub

Last Week.

Peter Kulik Innovation Award: How Auriga’s WWS is innovative

Bobsguide

Auriga was recently honoured with the prestigious Peter Kulik Innovation Award from the ATMIA, the leading non-profit trade association representing the entire global ATM industry.

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Lawsuits over Zelle pile up

Payments Dive

Bank of America and Wells Fargo have both been sued recently by consumers who allege they were defrauded by scam artists using Zelle payments

How microservices could be your fast path to growth

Accenture

If you’re like me, you’re always looking for the most expedient way to get things done right. However, to my mind, what’s even better is finding a way that may offer a faster result and puts me in a favorable position to adjust as needed in the future. It’s like with home renovations. I ask….

Preparing For the 7 Waves From The Fed Hike

South State Correspondent

Last week the Federal Reserve hiked interest rates by 75 basis points – its most significant hike since 1994.

Elder Abuse Awareness Day 2022: Red Flags for BSA/AML Staff

Abrigo

June is Elder Abuse Awareness Month. June 15 is World Elder Abuse Awareness Day. Now is the perfect time for financial institutions to reassess elder financial exploitation red flags. You might also like this webinar, "Elder Financial Exploitation – The Hidden Crime." WATCH .

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

Bitcoin crash: A new beginning

Daily Fintech

In January 2000, global financial markets were on the verge of a meltdown that was expected to destroy both the reputations of investors and the riches of day traders, that invested in companies and tech stocks that weren’t generating any revenue.

Market Commentary: Week of June 13, 2022

SWBC's LenderHub

Last Week. Last week marked the market’s final confirmation that corrosive inflation is out of the barn with the Fed hopelessly behind trying to play catch-up.

Card fees: the price hike nobody is talking about

Payments Dive

"The Visa-Mastercard duopoly controls about 80% of the market share, allowing them to raise fees indiscriminately and with no formidable opposition," contends Doug Kantor, general counsel for the National Association of Convenience Stores

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Operations to be key focus in 2022, say bank execs

Accenture

Far-sighted banks in Europe, such as BBVA, are moving quickly to overhaul their operations systems, processes and procedures. By streamlining these key functions and pulling in intelligent digital technologies to support their workforces, they’re set to achieve big gains in efficiency.

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.