Mon.Oct 21, 2024

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Swipe Smart, Save Big: Your Festive Shopping Cheat Sheet!

BankBazaar

Ah, the festive season is here! There’s something magical in the air — the smell of freshly made sweets, homes adorned with twinkling lights and the hum of excitement as people prepare to celebrate. But let’s be real, the true magic for many is spotting that elusive 50% off sign at your favourite stores! Whether you’re eyeing the latest gadget, planning a wardrobe revamp or looking to upgrade your home, this is the season to splurge.

Cards 78
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Fiserv may grab competitive edge with new bank charter

Payments Dive

The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.

Industry 435
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Navigating distressed & problem loans: Legal & borrower considerations

Abrigo

How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle. In this guest column, Jason Alpert, Managing Partner of Castlebar Holdings , explains how financial institutions should respond.

Strategy 195
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Stripe to buy stablecoin company Bridge for reported $1.1 billion

Payments Dive

The CEO's for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.

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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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UK interest rates to fall to 2.75% by next autumn, Goldman Sachs predicts

TheGuardian

Economists at investment bank say markets are underestimating likely extent of action by Bank of England Business live – latest updates Interest rates are on course to fall to 2.75% by next autumn after the Bank of England reduces the cost of borrowing at each of its nine next meetings, a leading investment bank has predicted. Economists at Goldman Sachs said that according to their assessment of the long-term level of interest rates consistent with achieving the government’s 2% inflation target

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Israeli airstrikes on Lebanon hit branches of Hezbollah-linked bank

TheGuardian

Strikes targeted Al-Qard Al-Hassan buildings in Beirut’s southern suburbs, south Lebanon and the Bekaa valley Middle East crisis – live updates Israel carried out a series of airstrikes on the southern suburbs of Beirut, south Lebanon and the Bekaa valley early on Monday morning, striking buildings belonging to the Hezbollah-run banking institution Al-Qard Al-Hassan.

Video 77
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Payment fintechs invest in stablecoin, but where are the users?

American Banker

Stripe, Circle and Ripple all made deals in recent days to boost scale for a form of cryptocurrency that has struggled to reach mainstream consumers and businesses.

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BVNK and Circle partner to expand USDC use for global payments

The Paypers

Payments infrastructure provider BVNK has partnered with financial technology company Circle to support the utility of USDC for BVNK’s global customer base.

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Fintech startup Totem tried to do everything right. What went wrong?

American Banker

The consumer neobank, made by and for Native Americans, understood its target audience deeply and had a plan in place to earn revenue beyond interchange fees. Its struggles to get off the ground reflect other challenges — and lessons — for neobanks where a good idea is only the starting point.

Fintech 78
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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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Stripe acquires Bridge for USD 1.1 billion

The Paypers

Stripe , a US-based payment processing company, has acquired Bridge , a fintech startup specialising in facilitating payments through stablecoins, for USD 1.1 billion.

Fintech 79
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How The Most Powerful Women to Watch bet on their futures — and won

American Banker

Many of this year's honorees took a chance on their future careers by asking questions, jumping into unknown markets and believing in their ability to get the job done.

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SCB offers stablecoin solution for cross-border payments

The Paypers

Thailand-based SCB has introduced a stablecoin-based solution for cross-border payments, following the completion of a regulatory sandbox trial.

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Santander launches its digital bank in the U.S. market

American Banker

Openbank, which has operated in parts of Europe for years, should help the Spanish bank to fund its U.S. auto lending business, executives said.

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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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Cryptorefills partners with World App for Worldcoin purchases

The Paypers

Cryptorefills has integrated with World App to offer new features aimed at allowing users to make purchases with Worldcoin tokens.

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ABA Foundation announces winners of Community Commitment Awards, Distinguished Service Award

ABA Community Banking

The ABA Foundation named seven banks as 2024 Community Commitment Award winners. Raul Valles of Dallas Capital Bank in Texas to receive the George Bailey Distinguished Service Award. The post ABA Foundation announces winners of Community Commitment Awards, Distinguished Service Award appeared first on ABA Banking Journal.

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Evolve Bank says it will start returning money to Synapse end users

American Banker

A consulting firm hired by the bank, Ankura, has reconciled ledgers between Synapse and its partner banks, Evolve says.

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Listening to the community: Creating a branch inspired by heritage and local connections

ABA Community Banking

'As proud of our past as we are, our vision is to the future.' The post Listening to the community: Creating a branch inspired by heritage and local connections appeared first on ABA Banking Journal.

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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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State efforts to set rules for national banks are a dangerous trend

American Banker

Two former comptrollers of the currency argue that state-level efforts to regulate nationally chartered banks fly in the face of both the law and good sense, threatening to take the country back to the era of "wildcat" banking.

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Mercury partners with Column

The Paypers

Mercury has partnered with Column in order to provide clients with redundancy, resiliency, and the flexibility to serve firms at various stages of development.

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Atlantic Union strikes $1.6 billion deal to acquire Sandy Spring Bancorp

American Banker

The all-stock deal is among the largest announced in 2024. It would create a bank with nearly $40 billion of assets.

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Checkout.com's study highlights user buying behavior in today's digital economy

The Paypers

Checkout.com has released a new study that highlights the customer buying behavior that powers the current digital economy, conducted across the UK, the US, UAE, and China.

Study 45
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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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Fed's Logan repeats call to lower rates gradually

American Banker

Federal Reserve Bank of Dallas President Lorie Logan repeated her call for the U.S. central bank to lower interest rates at a careful pace as the economic environment remains uncertain.

Dallas 28
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Mastercard launches a new solution for commercial cross-border payments

The Paypers

Mastercard has launched the Mastercard Move Commercial Payments product in a bid to help banks process near real-time commercial cross-border payments.

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FHFA proposes major corporate governance changes for Home Loan banks

American Banker

The Federal Housing Finance Agency issued a proposed rule for the Federal Home Loan Bank System that allows the FHFA director to set "reasonable" board compensation.

System 28
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Stitch secures ISO 27001 ISMS certification

The Paypers

Stitch has secured ISO 27001 certification in order to ensure that client and customer data will remain secure while working with its suite of services and products.

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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.