Tue.Jan 02, 2024

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How to Better Advise Commercial Clients About Rates in 2024

South State Correspondent

Many economists and analysts predict that the Federal Reserve and other central banks will start easing monetary policy in 2024. Many bankers and borrowers are convinced that a recession is imminent despite no clear evidence for such a conclusion. How should lenders discuss interest rates in 2024, and what advice should relationship managers provide their clients about banking products?

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Top payments trends for 2024

BankInovation

Industry experts predict adoption of real-time payments as well as the increased use of FedNow and digital wallets in 2024 as consumer demand for instant payments continues to grow.

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How Regions Bank unwittingly invited a surge in check fraud

American Banker

The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. "We opened the door too wide, bad people came rushing in, and we didn't close the door timely enough," Regions' CFO said.

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5 questions with … Valley Bank’s chief data and analytics officer

BankInovation

Valley Bank is exploring generative AI, expanding machine learning operations and paying keen attention to data throughout the bank’s operations. Chief Data and Analytics Officer Sanjay Sidhwani joined the $61 billion, Morristown, N.J.-based bank in April in the new position.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Has the fintech movement lived up to its promise?

American Banker

The fintech revolution has been more successful at working with banks than at trying to replace them, points out Gene Ludwig, former Comptroller of the Currency, chair of the Ludwig Institute for Shared Economic Prosperity, and co-founder of Canapi Ventures. Those with "must have" products will fare far better in 2024 than those with "nice to have" tools, he says.

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More Trending

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Colorado is mapping a dangerous path on access to credit

American Banker

A new law will make Colorado a much more difficult place for cash-strapped citizens to get credit. Other states should avoid following in its footsteps.

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Retail banking in 2024: What to expect

ATM Marketplace

2024 will be another major year of change and challenge for retail banks.

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HSBC takes aim at Revolut and Wise

American Banker

The bank's cross-border transaction service opens a new lane for customer acquisition in an increasingly competitive niche.

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Trends 2024: Is Record-Breaking Pace of Bank Branch Closures Easing?

The Financial Brand

This article Trends 2024: Is Record-Breaking Pace of Bank Branch Closures Easing? appeared first on The Financial Brand. In 2024, bank closures will be well off their pandemic highs – mainly because there are few locations left for banks to feasibly cut. This article Trends 2024: Is Record-Breaking Pace of Bank Branch Closures Easing? appeared first on The Financial Brand.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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Fincen beneficial ownership registry goes live

American Banker

The Treasury's Financial Crimes Enforcement Network launched its new database identifying U.S. business owners pursuant to the 2021 Corporate Transparency Act Monday, giving existing companies one year to file reports on their true owners and new companies 90 days after their creation to comply.

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Banking 2030, Part 2: The Seismic Forces Shaping the Industry

The Financial Brand

This article Banking 2030, Part 2: The Seismic Forces Shaping the Industry appeared first on The Financial Brand. Special Report: In the second of a four-part series on the long-term future of the banking industry, we examine the four major industry transformations currently underway. This article Banking 2030, Part 2: The Seismic Forces Shaping the Industry appeared first on The Financial Brand.

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20 U.S. banks with the most construction loans

American Banker

The top five banks have combined construction loans of more than $71 billion.

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An Inside Look at Ally Bank’s Measured Roll-Out of GenAI

The Financial Brand

This article An Inside Look at Ally Bank’s Measured Roll-Out of GenAI appeared first on The Financial Brand. How can banks harness AI's emergent capabilities before public opinion or regulatory sentiment turns? Ally's responsible and inclusive approach is a good start. This article An Inside Look at Ally Bank’s Measured Roll-Out of GenAI appeared first on The Financial Brand.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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FDIC action against Tennessee bank emphasizes tech

American Banker

Brighton Bank entered a consent agreement with the regulator regarding violations of anti-money laundering laws.

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Banking 2030, Part 3: Banking Innovation is Paramount Even as Regulatory and Competitive Pressures Mount

The Financial Brand

This article Banking 2030, Part 3: Banking Innovation is Paramount Even as Regulatory and Competitive Pressures Mount appeared first on The Financial Brand. Special Report: Why a challenging environment cannot distract banks and credit unions from the imperative to innovate. This article Banking 2030, Part 3: Banking Innovation is Paramount Even as Regulatory and Competitive Pressures Mount appeared first on The Financial Brand.

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Will a 'soft landing' fuel 1990s-like boom for banks?

American Banker

Bank investors hope they can party like it's 1995, when the U.S. economy stayed healthy even after aggressive Federal Reserve rate hikes. But a few analysts are a bit more cautious over whether banks' loan books will hold up as well this time.

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William Zimmerman, American Banker's editor during the 1980s, dies

American Banker

Co-workers remember a considerate boss who worked to create newsroom opportunities for women and minorities

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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'They'll stamp AI on everything': Ludwig on vetting fintechs

American Banker

Eugene Ludwig, former Comptroller of the Currency and current co-founder of Canapi Ventures, a fintech VC, reflects on how 2023 treated fintechs, how far the fintech movement has come and what banks and their regulators need to look out for in 2024.

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