June, 2021

The Digital Customer is Here to Stay – Five Principles to Keep Them Engaged

Accenture

In my first blog in this short series on how the behaviour of UK financial services customers has changed amid the pandemic, I looked at the way COVID-19 has accelerated consumers’ migration to digital banking services.

The Crypto Economy Prepares For Its Broadband Moment

PYMNTS

There has been no shortage of economies in the payments and commerce business to discuss over the past decade. We’ve had the internet economy which morphed into the digital economy that results from the billions of online interactions that happen every day between devices, consumers and businesses.

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Key Components of a Strong Sanctions Compliance Program

Abrigo

Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Would you like others articles like this in your inbox?

This Week in Fintech ending 4th June

Daily Fintech

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

As Bank Branches Go Digital, How Do They Attract Customers?

Banking Exchange

Banks are having to reconsider the role physical branches play in a world of digitized customer experiences Retail Banking Financial Trends Feature Technology Customers People Performance Revenue Feature3 Tech Management Mobile Online. 1Retail Banking

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How intelligent operations can help European banks prepare for the future

Accenture

In my conversations with banks over the last year, I’ve been asked three common questions: How can we achieve a better quality of service for our customers? How can we simplify our processes so that we can reduce costs and help customers find what they need quicker?

Ransomware Now Ranks As UK’s Top Cybersecurity Danger

PYMNTS

Ransomware hackers are now the biggest cybersecurity threat in the U.K. for the majority of individuals and businesses in the region, Lindy Cameron, chief executive of the National Cyber Security Centre ( NCSC ), said in a speech.

How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Measuring Interest Rate Risk Can Vary by Institution Interest rate risk measurement plays a key role in ensuring an institution's safety and soundness. Would you like other articles on asset/liability management in your inbox?

Bitcoin is now money in El Salvador. What’s next?

Daily Fintech

El Salvador made history last week. It became the first country in the world to adopt bitcoin as a legal tender. In ninety days from now, people in El Salvador will be able to pay for goods and services using the cryptocurrency and no one will be able to refuse bitcoin as payment.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Beyond Open Banking Compliance: The Opportunity for Commercial Banks

Accenture

Following our article on 5 actions to enable Open Banking for business finance, we now consider how commercial banks can innovate their entire business model by using Open Banking frameworks to build a powerful ecosystem.

Why banks should see CFOs as heroes

Accenture

When people think of bank CFOs, they might be thinking of left-brained numbers gurus who are laser-focused on core finance activities. But today’s CFOs, in banks and across industries, are doing so much more. Many CFOs are increasingly becoming architects of business value.

People will help banks win the race to the cloud

Accenture

Banking’s push to digital during the pandemic has placed tech in the spotlight. The power of the cloud has never been so clear. Accenture research shows that 49% of banks have moved a significant portion of their workloads to the cloud, compared with 33% of businesses across all industries.

Ripple Proposes New XRP Ledger Tools For Smart Contracts

PYMNTS

Ripple is proposing Federated Sidechains for the XRP Ledger as a way to balance the needs of user requests for smart contract features with the blockchain company’s desire to keep the XRP Ledger lean, according to a post from Ripple.

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How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

How to Expose the Hidden Crime: Elder Financial Exploitation

Abrigo

June is Elder Abuse Awareness Month June is Elder Abuse Awareness Month, and it’s a key time for institutions to reassess EFE red flags to prevent these crimes. Looking for more information on preventing Elder Financial Exploitation at your financial institution? Watch Webinar.

How To 195

XBRL News about derivatives, open standards and ESEF audits

Daily Fintech

Here is our pick of the 3 most important XBRL news stories from the last week.

Banks stand to benefit as sustainability co-stars alongside digital

Accenture

Kudos to the gurus: ten years ago, the prediction was that digital would be driving every business today. It is. However, something else has happened, too. Digital now has a co-star. Sustainability. Top billing is no longer solo: it’s a dual affair.

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Q1 2021 US credit card issuer snapshot

Accenture

Key themes Purchase volume has continued to show signs of recovery and most issuers are now reporting YoY growth for the first time in a number of; reported spend volumes at or above Q1 2020 levels; all issuers reported modest QoQ declines in spend as is typical following the holiday period Receivables growth continues to….

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B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Setting the stage for the best banking innovations of 2021

Accenture

The Efma-Accenture Banking Innovation Awards have been a catalyst for innovation in banking since their inception in 2013. Since then, I look forward to them every year as the industry rewards and celebrates innovation.

Former U.S. Treasurer Rosie Rios Aims To Break ‘Glass Walls’ Of Closed-Off VC World

PYMNTS

The story of how small-money investors galvanized by an Internet message board, a gamified trading app and a little flash-mob-style activism rewrote the rules on retail investing — while driving shares of GameStop through the roof — is now part-finance fable, part cautionary tale.

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OFAC Sanctions: Lessons from Deutsche Bank

Abrigo

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Would you like others articles like this in your inbox?

One small step for man, one giant leap for bitcoin

Daily Fintech

This past week was pretty busy for me on several fronts. Yesterday, when I was speaking to a friend and colleague, he mentioned that bitcoin was going to the moon.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Winds of change: How climate risk is shifting regulatory roles

Accenture

Executive Summary Central banks and regulators around the world know climate risk constitutes a growing risk to financial stability.

Google, Alibaba, Ant Group Seek Payment Licenses In Singapore

PYMNTS

Is Singapore poised to become Asia’s Silicon Valley? It might, if Sopnendu Mohanty , the Monetary Authority of Singapore’s (MAS) chief FinTech officer, has anything to say about it.

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Stakes, Implications Rise As Central Banks Inch Toward Launching CBDCs

PYMNTS

As the world’s third-largest central bank, the People’s Bank of China is rightfully grabbing much of the attention surrounding the advance of central bank digital currencies (CBDCs), but it is far from alone as monetary regulators around the world are moving forward with their own plans to launch in-house cryptocurrencies.

Bitcoin Faithful Flock To Miami As Rest Of World Wonders Why

PYMNTS

The bitcoiners are coming, the bitcoiners are coming! To Miami, that is, as the Sunshine State’s largest city gets set to host what is projected to be the largest gathering of cryptocurrency enthusiasts the world has ever seen. .

Miami 207

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.