Fri.Dec 29, 2023

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FDIC Releases Latest Information Regarding the Deposit Insurance Restoration Plan

Perficient

This blog post was co-authored by: Carl Aridas In a recent blog post, Perficient’s Financial Services Risk and Regulatory Center of Excellence (CoE) highlighted the Federal Deposit Insurance Corporation (FDIC) plan to implement a “Robin Hood-like” deposit insurance premium on the nation’s largest banks to recapitalize the agency’s Deposit Insurance Fund.

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Aviva boss Amanda Blanc and retail guru Mary Portas among business figures in new year honours list

TheGuardian

Insurance CEO cited for services to gender equality, while Stephen Hester and Gerald Ronson are also honoured Cronyism claims as at least seven Tory donors included in honours list About 25 people have been awarded honours for services to business in the new year honours list, with others working in business cited for other elements of service in public life.

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Who will drive stablecoin innovation in 2024?

American Banker

Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.

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Top 5 AI stories of 2023

BankInovation

AI and generative AI uses exploded in 2023 and the financial industry felt the ripple effects. Ninety-nine percent of financial services industry leaders have deployed AI and are planning to use the tech across their operations, according to a Dec. 11 report by EY.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Big banks are afraid of open banking. That's a good thing.

American Banker

Making it easier for consumers to switch between competing banks will increase competition, resulting in major benefits for account holders.

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5 fintechs that got into legal hot water in 2023

American Banker

Frank, Daylight, Greenwood, Totem and Brigit faced lawsuits, disputes and penalties.

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Five of the Best: Our Top CX Stories from 2023

The Financial Brand

This article Five of the Best: Our Top CX Stories from 2023 appeared first on The Financial Brand. From failing bank loyalty to the Southwest Airlines Christmas fiasco, here are the top five stories from The Financial Brand on customer experience. This article Five of the Best: Our Top CX Stories from 2023 appeared first on The Financial Brand.

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Mortgage investor JER files for bankruptcy, is latest property firm to crash

American Banker

The real estate investment trust — which counts the private equity firm C-III Capital Partners among its top shareholders — owes more than $100 million to creditors but has less than $50 million of assets, according to a Chapter 11 petition.

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Five of the Best: Our Top CX Stories from 2023

The Financial Brand

This article Five of the Best: Our Top CX Stories from 2023 appeared first on The Financial Brand. From failing bank loyalty to the Southwest Airlines Christmas fiasco, here are the top five stories from The Financial Brand on customer experience. This article Five of the Best: Our Top CX Stories from 2023 appeared first on The Financial Brand.

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New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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With bank-owned insurance agencies, not everyone is sold

American Banker

Banks' sales of insurance agencies for eye-popping multiples emerged as one 2023's notable trends. Though the bandwagon shows no sign of slowing, several prominent community banks appear to be holding on to their insurance operations.

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Lending and credit risk resources: The top downloads of 2023

Abrigo

Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. Here are the top resources. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals.

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Michael Shriner named CEO of New Jersey's BCB Community Bancorp

American Banker

The community banking veteran will succeed Thomas Coughlin, who spent nine years as CEO of the Bayonne, New Jersey-based bank.