Wed.Mar 20, 2024

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Meta’s payment plays may pay off this year: report

Payments Dive

A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

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Now is the time to reimagine wealth management

BankInovation

The Music is Starting to Stop Recent years have been extremely lucrative for wealth advisors; both the independents and full-freight firms. Low cost of capital, booming public markets, and a growing desire to diversify into new products are all ways wealth management firms can grow AUM and, as a result, grid payouts.

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Fed banks analyze consumer use of card promos

Payments Dive

New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

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Fifth Third CIO: Chatbot 97% accurate in classifying customer intent

BankInovation

NASHVILLE, Tenn. — Fifth Third Bank says that added efficiencies to its chatbot have boosted its accuracy rate as it leans into generative AI.

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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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Why bank stocks still have plenty of upside

American Banker

A key bank stock index ticked up after the Federal Reserve hinted that it could lower rates later this year. But there are still a number of economic uncertainties that are holding shareholders back.

Lending 85

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Citi puts pay-equity analysis on hold amid cuts to its workforce

American Banker

The megabank, which is eliminating about 5,000 jobs in a first round of restructuring, said that it's paused its annual review of racial and gender pay gaps. Citi will conduct a 2023 review sometime later this year, a source said.

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EU sets deadline for Instant Payments Regulation

The Paypers

The European Council has adopted the Instant Payments Regulation, which is scheduled to come into effect in a matter of weeks.

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Unions are coming for bank branches. Yours could be next on the list.

American Banker

In the wake of multiple successes in 2023, the labor movement in the U.S. is continuing its efforts to expand. Recent successful union elections at Wells Fargo branches should be a wake-up call to the industry.

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An appraiser looks at 60

Realwired Appraisal Management Blog

Where are you in your life path? I hope you’re looking at life forward towards the bow (opportunity) and not the stern (regret). My birthday is today, placing me in the typical appraiser age bucket. I don’t feel that getting to the 6th floor of life is a big deal.

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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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Sen. Tester appeals to bankers amid political campaign

American Banker

At an American Bankers Association event, Sen. Jon Tester, D-Mont., who's up for reelection this year, said that he hopes the Durbin-Marshall credit card bill won't go anywhere and criticized the Federal Reserve's debit interchange proposal.

Cards 74
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Trustly partners with MoneyGram

The Paypers

Open Banking payments provider Trustly has announced its collaboration with MoneyGram , aiming to introduce cardless payments for the latter’s users across Europe.

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Are U.S. banks ready for a major ACH outage?

American Banker

In a simulation exercise hosted by the Global Resilience Federation on Tuesday, banks and credit unions tested their ability to withstand an industrywide wiperware attack.

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Checkout.com partners with Bolt

The Paypers

Global payment solutions provider Checkout.com has entered a collaboration with Bolt , a checkout technology company, to accelerate the advancement of ecommerce.

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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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Supply takes center stage in Washington's housing push

American Banker

Policy experts say the mix of proposals put forth by the White House could ease the nation's housing shortage, but success will be neither quick nor assured.

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Figure Technologies to launch crypto exchange Figure Markets

The Paypers

US-based Figure Technologies has launched Figure Markets , a platform for trading blockchain-native assets from crypto to stocks to alternative investments.

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ABA, Postal Inspectors in partnership to combat uptick in check fraud

American Banker

The American Bankers Association and U.S. Postal Inspection Service have launched a public awareness campaign on ways to protect checks sent in the mail.

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SWIFT to develop new payment service

The Paypers

The Society for Worldwide Interbank Financial Telecommunication ( SWIFT ) has announced that it was selected to develop a confirmation of payee service for Australian Payments Plus.

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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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5 regulatory issues to watch in banking this year

American Banker

How the FDIC, the Federal Reserve and other regulators are working to keep banks in compliance through 2024.

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Tink partners with Micropayment to augment the payment experience

The Paypers

Germany-based payment processor Micropayments Tink has partnered with Sweden-based Open Banking platform Tink to add Pay by Bank to its payment offering.

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Key looks to offload risk in deal with Blackstone

American Banker

The Cleveland-based regional bank is shedding credit risk in a partnership with the private equity giant Blackstone. It's the latest tie-up between asset managers and regional banks that are looking to free up balance-sheet capacity.

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MetaMask and CoinLedger augment tax reporting for users

The Paypers

Web3 wallet MetaMask has partnered with CoinLedger to allow its users to export their tax information via the latter’s tax reporting software, with a single click.

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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.

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Organizations lost billions to fraudsters

American Banker

Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.

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Trading app Robinhood withholds margin investing in the UK

The Paypers

US-based trading app Robinhood has put on hold its plan to allow margin investing to UK-based consumers until further talks with regulators, as it launches in the UK.

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20 U.S. banks with the most construction loans at the end of Q4

American Banker

The top five banks have combined construction loans of more than $72 billion.

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Network International partners with Mastercard

The Paypers

Network International has partnered with Mastercard to use its AI-powered Brighterion solution to protect merchants from the Middle East and Africa from fraud.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.