Payments Dive

FEBRUARY 5, 2024

There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.

Payments 448

Payments Industry 448

Perficient

MARCH 21, 2024

Forrester’s report, The Automation Fabric Services Landscape, Q1 2024, offers insights into the evolving landscape and recognizes notable providers in the industry. You can read the entire Automatic Fabric Services Landscape Q1 2024 report via the Forrester website where it’s available to Forrester subscribers and for purchase.

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Report Industry Operations America 275

Perficient

AUGUST 28, 2024

Next-level personalization strategies will undoubtedly be a key topic at Salesforce’s largest event this year. Dreamforce is right around the corner taking place in San Francisco on September 17 to 19, and learning how to get the most out of your customer data with AI-powered tools is top of mind.

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Data San Francisco Conference Branding 419

Accenture: Banking

OCTOBER 14, 2024

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets.

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Apple Innovation Retail Fintech 195

Payments Dive

MARCH 26, 2025

The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

Leadership 388

Leadership Groups Cards 388

Perficient

OCTOBER 1, 2024

The adoption of finance AI by finance functions has increased significantly in the past year with 58% using the technology in 2024 – a rise of 21 percentage points from 2023 – according to a survey by Gartner, Inc.” While administrative functions like HR, legal, and procurement were early adopters, finance initially lagged behind.

Survey 221

Survey Data Analytics Maine 221

Perficient

FEBRUARY 27, 2024

This blog was co-authored by Perficient’s Insurance Principal and expert: Brian Bell As we step into 2024, the insurance industry faces significant transformations driven by technological advancements and evolving customer expectations. Fostering internal and external partnerships to create connected ecosystems.

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Trends Industry Operations Customer Experience 221

Abrigo

JANUARY 24, 2025

Issuance of commercial mortgage-backed securities (CMBS) rebounded sharply in 2024, with volume jumping 155% year-over-year to more than $100 billion. However, office properties struggled to attract lenders, with their share of CMBS issuance shrinking to under 8% by late 2024, compared to 20% in early 2023.

Lending 221

Lending Trends Risk Management Management 221

Perficient

OCTOBER 24, 2024

On June 6, 2024, the Office of the Comptroller of the Currency (“OCC”) Acting Chairman, Michael J. Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, provided critical regulatory insights on the OCC’s thinking on AI.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Payments Dive

JANUARY 10, 2024

“I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.

Payments 448

Payments 448

South State Correspondent

JANUARY 10, 2024

The market expects the current inverted yield curve to remain through much of 2024 (based on long-term interest rates and the expected rate cuts in 2024). This article will discuss how national, regional, and community banks may use loan hedging programs in 2024 to face earnings challenges.

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Community Bank Community National Regional 195

Payments Dive

DECEMBER 15, 2023

Roger Marshall acknowledged the Credit Card Competition Act bill may not get a vote this year, but he intends to keep pushing for passage in 2024.

Cards 434

Cards 434

PYMNTS

JANUARY 27, 2021

The study found that central banks collectively representing a fifth of the global population will likely issue a general-purpose CBDC by 2024, according to BIS. A survey asked banks if they were currently working on CBDCs, additionally asking about their motives.

Survey 257

Survey Study Retail cryptocurrency 257

Abrigo

JUNE 4, 2024

Conclusion Takeaways from ThinkBIG 2024 Financial institutions can navigate the complexities of the current economic landscape while maintaining strong customer relationships by investing in community engagement, compliance as a value-add, technological integration, and understanding generational shifts. Learn more at abrigo.com/thinkbig.

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Compliance Community Community Bank Conference 221

South State Correspondent

FEBRUARY 12, 2025

In the 4 th quarter of 2024, commercial loan pricing has materially changed. Countering this trend is more competitive lending than we have seen in 2024 that manifests in more price concessions and less than expected margin relief. On the interest rate risk side, banks put more fixed rates on their books in 2024 compared to 2023.

Trends 195

Trends Community Bank Capital Industry 195

Perficient

JUNE 19, 2024

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. The event brought together the world’s top financial institutions and regulators to discuss the future of non-financial risk and control.

Exercises 221

Exercises Compliance Risk Management Video 221

South State Correspondent

JANUARY 2, 2024

Many economists and analysts predict that the Federal Reserve and other central banks will start easing monetary policy in 2024. How should lenders discuss interest rates in 2024, and what advice should relationship managers provide their clients about banking products? Therefore, we can expect no more clarity in 2024 than in 2023.

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How To St. Louis Lending Marketing 195

Perficient

NOVEMBER 19, 2024

On April 19, 2024, the Japanese government published new “AI Guidelines for Business Version 1.0” (the “Guidelines”). On May 22, 2024, the Council submitted draft discussion points concerning the advisability and potential scope of any future regulation.

Regulation 221

Regulation Guidelines System Compliance 221

Payments Dive

NOVEMBER 1, 2023

The payments processor’s new point-of-sale software for retail and restaurant customers will launch in early 2024, not this year.

Payments 397

Payments Software Retail 397

BankBazaar

NOVEMBER 14, 2024

See Full Report >> The post BankBazaar Aspiration Index 2024 appeared first on BankBazaar - The Definitive Word on Personal Finance. Lastly, to nobody’s surprise, three aspirations have retained their top three spots: mental health, investing for children’s education, and homeownership.

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Study Policies Report Industry 78

South State Correspondent

DECEMBER 13, 2023

Even if the Fed does not increase the Fed Funds rate or even decreases the rate in the future, continued QT is expected to put pressure on the cost of funding in 2024. This will result in a cost of funding in 2024 that is higher than in 2023 for most banks. The graph below shows the M2 money supply from 1959 to October this year.

Community Bank 195

Community Bank Community Policies Security 195

Accenture: Banking

OCTOBER 4, 2024

In our discussions with banking executives, a common theme is how the lending market is changing and constantly giving rise to threats and opportunities, as covered in our Commercial Banking Top Trends for 2024. Confronting these changes is essential, but it also requires banks to be willing to reinvent to stay ahead.

Lending 383

Lending Trends Marketing Banking Trends 383

Abrigo

JANUARY 24, 2024

FDIC list The state of acquisitions in a rising rate environment According to the FDIC, there were 44 banks on the problem bank list in the third quarter of 2023, and the agency expects that number to continue to climb in 2024. Watch this webinar, "Understanding audit and regulatory expectations for CECL."

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FDIC Regulation Strategy Data 195

Jeff For Banks

DECEMBER 10, 2024

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 6, 2024 was 34.55%. billion in total assets and seven branches at September 30, 2024. As of or for the latest twelve months ended September 30, 2024, the Company had $4.1 M&F Bancorp, Inc. OTCPK: MFBP) #2.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

South State Correspondent

FEBRUARY 29, 2024

Since our last update on pricing and credit HERE , commercial loan pricing trends for the first quarter of 2024 continue to be driven by the perceived increase in credit risk, tighter credit supply and banks’ need for wider margins.

Trends 195

Trends Community Bank Community United States 195

CFPB Monitor

NOVEMBER 28, 2023

The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limits for residential mortgage loans acquired by Fannie Mae and Freddie Mac in 2024. The standard loan limit for a one-unit home increased from $726,200 in 2023 to $766,550 for 2024. Fannie Mae addresses the limits in Lender Letter 2023-09.

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Alex Jimenez

DECEMBER 17, 2024

2024 proved to be a year where banking and fintech continued to mesh into a single industry. Trends for 2024 and Beyond Looking ahead, my article for The Financial Brand, Must-Follow Bank and Fintech Trends for 2024 and 2025, captured the key trends that are shaping the future: Deeper collaboration between banks and fintech.

Fintech 52

Fintech Trends Innovation Technology 52

Perficient

JANUARY 21, 2025

At the end of 2024, Moodys changed its insurance outlook to stable, citing their belief in the adequacy of rate increases to cover forecast claims cost. 2024 closed with record-high average auto premiums which were up 26% from 2023. However, these higher rates are having noticeable impacts on consumers.

Trends 221

Trends Customer Experience social media Innovation 221

Payments Dive

JANUARY 17, 2020

The use of facial recognition hardware in mobile devices is expected to surge in the next few years, reaching more than 800 million devices by 2024. Facial recognition software however will still dominate.

Mobile 349

Mobile Security Software 349

Abrigo

JANUARY 30, 2024

The ThinkBIG 2024 conference is June 3-6 in Phoenix, Arizona, and with 99% of last year’s attendees saying they would recommend the conference to others, Abrigo expects another large crowd. The 2024 ThinkBIG conference offers two conference tracks along with larger general sessions that will set financial institutions up for success.

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Conference Arizona Phoenix Fraud 195

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024.

Trends 221

Trends Industry Analytics Compliance 221

Payments Dive

NOVEMBER 16, 2023

The new instant payment rail FedNow is set for a “roller coaster” next year, according to Forter Head of Financial Partnerships Jeff Hallenbeck.

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Payments 243