In its Retail Banking 2020 report1, PwC asserts that innovation will be the single most important factor driving sustainable top- and bottom-line growth in banking over the next five years. Another recent study shows that banks are making innovation a strategic priority and investing more to boost their innovation performance and counter threats from new players. (more…)
March 15 – Sageworks, a financial information company that provides lending, credit risk and portfolio risk solutions to banks and credit unions, announced its partnership with First Commonwealth Bank, headquartered in Indiana, Pa., to enhance its allowance for loan and lease losses (ALLL) calculation process and methodology.
March 20 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has launched Total Lending Small Business, a new digital, mobile-first lending solution designed to boost profitability of financial institutions and improve the lending experience for small business owners across the United States. Now, banks and credit unions can deploy an intuitive, online loan application for small businesses, enabling more application throughput than the traditional paper-based branch model.
March 20 – IBM has announced the launch of the IBM Cloud for Financial Services to offer the essential building blocks for the creation of financial services apps on the IBM Cloud.
February 27 – Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that Credit Union of Southern California (CU SoCal) a $1.2 billion, 92,000 Member credit union based in Anaheim, has selected the Architect digital banking platform. Architect will enable CU SoCal to deliver a unified digital banking experience, meeting the needs of today’s connected consumers and facilitating the growth plans of the credit union. The real-time integration of Architect into the credit union’s core account processing platform and the fact that Architect is a hosted solution that does not require extensive onsite support were also key factors in the selection.
February 24 – A survey of lenders about current loss rate methods for calculating the provision for commercial and industrial (C&I) pools as part of the Allowance for Loan and Lease Losses found more than two-thirds consider historical loss rates the most applicable method for C&I pools. An additional 23 percent said that migration analysis is the most applicable. (more…)
February 24 – ComplianceOnline, a governance, risk and compliance advisory network with more than 1,500 experts in various regulatory subjects, has announced its Banking Summit 2017 venue and speaker lineup. The Summit will take place on April 27 and 28, 2017 at the Roosevelt Hotel in New York City.
February 23 – Verafin, a cross-institutional BSA/AML and fraud detection solution provider, continues to shape and enhance the future of the fight against financial crime.
February 22 – D3 Banking, a leading provider of solutions that replace aging online and mobile banking products with a single digital banking platform, has introduced intelligent voice banking using Amazon’s virtual personal assistant, Alexa. This offering presents a new, valuable way for banks and credit unions to connect with and serve their customers and members.