article thumbnail

Impact of Covid-19 Felt in the Shared National Credit Reviews Released by Bank Regulators

Perficient

” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. Total Outstanding.

National 309
article thumbnail

Estonia Shelves Plans For National Cryptocurrency

PYMNTS

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. In 2012, more than €7.3 billion in securities from Russia were processed through the Estonian financial system.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Turkey to be cashless by 2023

Chris Skinner

If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. Turkish banks launched the world’s first national digital wallet, BKM Express, as early as 2012.

National 300
article thumbnail

Bank Super Bowl Ads 2012

Jeff For Banks

If you need to go to the bathroom, feel free to do so: Amarillo National Bank puts their CSRs through a workout. Awesome: Would my marketing readers, being given the keys to the Super Bowl jumbo tron, offer this lack of creativity: Not a 2012 commercial, but this is my favorite Super Bowl bank ad. speed dating.

article thumbnail

Upstart CEO Girouard: ‘FICO is extremely limited and backward-looking’

Bank Innovation

In 2012, he founded Upstart, a company […]. Dave Girouard, CEO and founder of Upstart, testified before Congress’ Task Force on Financial Technology for its hearing on the use of alternative data in loan underwriting and credit scoring.

Google 210
article thumbnail

Open Banking Platfom Tink Acquires Eurobits

PYMNTS

Tink was formed in 2012. Other listed companies that will now be connected with Tink include the National Bank of Greece, France’s La Banque Postale and Telefonica. Tink received 90 million euros ($100.1 The company bought Eurobits for 15.5 million euros ($17.2

America 241
article thumbnail

SWIFT Disconnects From Iran’s Banks

PYMNTS

In 2012, SWIFT cut off access to Iranian banks in 2012, upon sanctions levied by the Obama administration. Iran said this week through Abdolnaser Hemmati, who helms the nation’s central bank, that “we have been in talks with our trade partners and all the necessary actions have been taken for Iran’s interactions to continue.