National News

Non-Profit, Corporate Training Program Join Forces to Encourage Women to Enter Asset Management

June 21 — Girls Who Invest, a non-profit working to increase the number of women in portfolio management and executive leadership positions in the asset management industry, has partnered with Training the Street, a corporate training provider for Wall Street firms and top business schools.


Working Capital Management, B2B Payments and Banks

June 21 — Bank of America Merrill Lynch, Bottonline Technologies and Strategic Treasurer have released the “2018 B2B Payments & WCM Strategies Survey Report.” While the report largely delves into business payment preferences and concerns, there are several takeaways for banks as well. From payment types to blockchain, here are the important takeaways for banks:


Financial Fraudsters Are Coming for North America, Hard

June 20 — Financial fraud originating in North America has doubled in the last quarter. In fact, more than half of all fake accounts targeting online and financial services in North America and Europe originate from the U.S., far, far more than fraudulent accounts coming from Southeast Asia and Eastern Europe, regions that have historically been associated with fraud.


Banking After GDPR: Consent and Agility

By Paul Rohan

June 19 — Historically, confidentiality has been the priority of the banking industry. Today, additional cornerstones are emerging as customers have embraced — and come to expect — services that provide richer, more valuable experiences, such as offering financial advice based on past behavior and enabling payments or money transfers virtually anywhere to anyone. Fueled in large part by the proliferation of mobile devices, cloud services and app ecosystems, these changes require a competency many banks have never developed — sharing data.


Don’t Let Financial Institution Contracts Hold You Back

By Dwayne Spradlin

June 19 — Punishing consumers with prohibitive termination fees to cancel a contract is counterintuitive to offering quality customer service. Telecommunication companies have evolved to understand this and have been moving away from their old contract-based model for the past few years. Other industries have followed in their footsteps, but there is still room for improvement in some fields, especially in the fintech space.


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