Wed.Dec 18, 2024

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Why Banks Should Anticipate a Return of the ‘Roaring ’20s’

The Financial Brand

This article Why Banks Should Anticipate a Return of the ‘Roaring ’20s’ appeared first on The Financial Brand. Did you think the Fed had defeated inflation? Think again. Economic conditions could drive a booming economy. What would that mean for your bank? This article Why Banks Should Anticipate a Return of the ‘Roaring ’20s’ appeared first on The Financial Brand.

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CFPB swats at retail credit cards

Payments Dive

The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.

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It's time to reprioritize safety in banking as a service

American Banker

We've seen what can happen when BaaS providers fail to adequately protect consumers. Across the industry, we need to institutionalize the principles of safe banking, both inside and outside of traditional banks.

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Canada announces Open Banking framework

The Paypers

The Department of Finance Canada has released a comprehensive framework for consumer-driven banking, also known as Open Banking or consumer-directed finance, in the 2024 Fall Economic Statement.

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Podcast: Making the feeling ‘mutual’ for a new generation of bank customers

ABA Community Banking

Seventy-eight years ago, George Bailey memorably explained the operation of a mutual savings and loan to a national audience inIt's a Wonderful Life. But while today's bankers understand mutuality, do today's potential clients? The post Podcast: Making the feeling ‘mutual’ for a new generation of bank customers appeared first on ABA Banking Journal.

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Big banks push global B2B payments

American Banker

Morgan Stanley and ABN Amro tapped fintechs to improve cross-border transactions. That and a U.K. card fee cap highlight this week's roundup of payments news.

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Raisin partners with Salt Edge to improve Open Banking compliance

The Paypers

Raisin UK , a platform for savings and investments, has partnered with Open Banking provider Salt Edge to optimise compliance with UK regulations.

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FDIC considers lawsuit against ex-SVB executives

American Banker

The Federal Deposit Insurance Corp. is considering suing former Silicon Valley Bank executives over risk management decisions, imprudent dividends, and billions in losses that fueled a banking crisis in 2023.

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Ethiopia passes law to Open Banking to foreign competition

The Paypers

Ethiopia's parliament has passed a legislation that allows foreign banks to operate in Africa, as part of its efforts to attract more overseas investment.

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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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Blue Chip Companies Are Ditching ESG Terms From Their Loans

American Banker

Companies are dropping sustainability-linked loans as they face a tougher regulatory environment.

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Broadridge and CCRI launch MiCA compliance platform

The Paypers

Broadridge Financial Solutions has partnered with the CCRI , to create an integrated platform aimed at helping European financial firms meet new sustainability reporting requirements under the MiCA regulations.

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SouthState's $2B bank deal, the year's largest, clears key hurdles

American Banker

The Federal Reserve and OCC approved the company's plan to buy Independent Bank Group in Texas, putting the deal on track to close early next year as expected. In an atmosphere of M&A delays for banks, the deal is on a relatively smooth path.

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ZBD secures approval for MiCA licence from Dutch regulator

The Paypers

Payment platform enabled by the Bitcoin Lightning network ZBD has announced that the Dutch Authority for the Financial Markets (AFM) approved its application for the EU MiCA licence.

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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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20 states with the highest rates of unbanked residents

American Banker

When combined, the top five states have roughly 23.9 million households classified as unbanked according to the Federal Deposit Insurance Corp.

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Mastercard partners with Dgpays to improve its services in EEMEA

The Paypers

Mastercard has partnered with Dgpays , a fintech provider, to offer access to secure and convenient digital payment solutions to businesses and individuals across Eastern Europe, the Middle East, and Africa.

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The Best of American Banker Magazine for 2024

American Banker

This year, American Banker reporters dove deep into topics such as gambling addiction, Citigroup's rebuild, the Small Business Administration, fraud, and monetary policy for its feature articles. Check out the most consequential articles of the year.

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ESMA publishes last policy package ahead of MiCA

The Paypers

The European Securities and Markets Authority (ESMA) has announced the publication of final reports including regulatory technical standards and guidelines before the full implementation of MiCA.

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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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Wishing You Joy and Cheer This Time of Year!

Image Works Direct

To our nearest and deerest, thank you for trusting us with your marketing needs! Bringing to life your visions is our greatest joy, and we cant wait to continue creating amazing things for you in the new year.

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bunq launches bunq Points

The Paypers

Netherlands-based neobank bunq has announced the launch of bunq Points, its loyalty programme developed to reward customers for their everyday spending.

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OCC issues another 'comprehensive' order against USAA

American Banker

The Office of the Comptroller of the Currency issued a "comprehensive" cease-and-desist order against the beleaguered bank blocking new product offerings or expanding membership because of compliance and risk management issues.

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DeepTarget introduces AImail

The Paypers

DeepTarget has announced the launch of its full-service solution AImail, aimed at enabling community banks and credit unions to achieve optimised marketing tools.

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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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The Great Banking Divide: Why Only 10% of Banks May Survive AI

The Financial Brand

This article The Great Banking Divide: Why Only 10% of Banks May Survive AI appeared first on The Financial Brand. Global fintech experts discuss how AI readiness, changing consumer behaviors and technical agility will determine which banks will survive in an increasingly autonomous financial future. This article The Great Banking Divide: Why Only 10% of Banks May Survive AI appeared first on The Financial Brand.

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Bank Jago partners with Google Cloud for improved customer experience

The Paypers

Bank Jago partners with Google Cloud to leverage its BigQuery and Vertex AI platforms to improve customer banking experience.

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The Great Banking Divide: Why Only 10% of Banks May Survive AI

The Financial Brand

This article The Great Banking Divide: Why Only 10% of Banks May Survive AI appeared first on The Financial Brand. Global fintech experts discuss how AI readiness, changing consumer behaviors and technical agility will determine which banks will survive in an increasingly autonomous financial future. This article The Great Banking Divide: Why Only 10% of Banks May Survive AI appeared first on The Financial Brand.

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Tether invests in StablR to foster stablecoin adoption across Europe

The Paypers

Tether , a worldwide digital asset company, has invested StablR , a European stablecoin provider focused on fostering adoption in the region.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.