Gonzobanker

FEBRUARY 22, 2024

The right talent and tools can equip bankers to take advantage of opportunities in the small business market. As bankers continue to fight the deposit wars, they must move past the polite talk and build a true go-to-market plan to capture the lucrative U.S. small business market—a segment of 32 million small-to-medium businesses (small businesses) with less than $10 million in annual revenue with funding needs of loans between $5,000 and $1,500,000.

Lending 78

Lending Community Bank Community Strategy 78

Payments Dive

FEBRUARY 22, 2024

The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework.

Payments 243

Payments System Company 243

South State Correspondent

FEBRUARY 22, 2024

Banks consistently produce under their cost of capital. For example, at present, return on equity performance is about 12% for the average community bank. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. Why is that? One answer is that banks have the wrong strategic planning time horizon.

How To 195

How To Capital Strategy Lending 195

Payments Dive

FEBRUARY 22, 2024

The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.

Payments 199

Payments Company 199

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Groups

Abrigo

FEBRUARY 22, 2024

Check fraud prevention is at the forefront for financial institutions Banks and credit unions report that check fraud is impacting their institution more than any other threat. Read on for cutting-edge prevention methods. You might also like this upcoming webinar on Homeland Security fraud investigations. Register Takeaway 1 Check fraud prevention is top-of-mind for nearly 75% of financial institutions, with many reporting significant increases last year.

Fraud 195

Fraud Trends Training Maine 195

American Banker

FEBRUARY 22, 2024

The payment company is working with Google Cloud to develop new forms of machine learning on a larger scale.

Google 88

Google Payments Company 88

BankInovation

FEBRUARY 22, 2024

Chip manufacturing behemoth Nvidia posted record revenue in the fourth quarter as companies across industries look to develop and deploy generative AI. The Santa Clara, Calif.-based company posted data center revenue of $18.4 billion, up 409% year over year, according to the company’s earnings report.

Data 79

Data Training Industry Report 79

American Banker

FEBRUARY 22, 2024

Strategic alliances are a viable avenue leading to risk reduction and higher profits — provided that bankers can learn to embrace them.

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CFPB Monitor

FEBRUARY 22, 2024

Our special guest is Richard (“Rick”) Hackett, former Assistant CFPB Director responsible for auto finance regulation and presently a member of the Board of F&I Sentinel, which supports lender compliance in the auto finance and insurance industry. In December 2023, the FTC announced its final Combatting Auto Retail Scams Rule, otherwise known as the “CARS Rule,” which sets new requirements on the sale, financing, and leasing of new and used vehicles by motor vehicle dealers. .

Regulation 78

Regulation Compliance Retail Industry 78

Advertiser: ZoomInfo

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

Analysis

BankInovation

FEBRUARY 22, 2024

Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024. The London-based bank’s focus on technology aims “to increase the pace and efficiency of change,” Chief Executive Charlie Nunn said today during the bank’s fourth-quarter earnings call.

Technology 74

Technology Retail 74

CFPB Monitor

FEBRUARY 22, 2024

Michael Guerrero, a partner in Ballard Spahr’s Consumer Financial Services Group and co-leader of the firm’s Fintech and Payment Solutions Team, has authored an article on buy now pay later (BNPL) that will be published in the March—April 2024 issue of ABA Risk and Compliance. Titled “ Buy Now Pay Later…in an Era of Increased Scrutiny of Economic Headwinds ,” the article discusses the evolution of BNPL, regulatory and compliance considerations, and what is ahead for BNPL.

Compliance 78

Compliance Groups Fintech Payments 78

American Banker

FEBRUARY 22, 2024

The New York bank's AI research group has published 400 papers, according to new research from Evident; TD Bank Group's Layer 6 unit published 14 last year. These groups work to solve real-life problems in the business units.

New York 74

New York Groups Technology 74

The Paypers

FEBRUARY 22, 2024

Following struggles to comply with local regulations, Binance is facing bans in The Philippines. Nigeria is also on the offensive against Binance and similar crypto firms.

Regulation 73

Regulation 73

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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

Lending

American Banker

FEBRUARY 22, 2024

In the wake of the largest U.S. bank deal in more than 15 years, industry executives offered mixed views about the prospects for more big acquisitions. They also spoke about the deal's impact on competition in the credit card business.

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Capital Cards Industry Groups 71

BankInovation

FEBRUARY 22, 2024

Institutions approaching mergers and acquisitions must consider how to combine cultures, business models in addition to their tech stacks.

Strategy 69

Strategy How To Management Capital 69

TheGuardian

FEBRUARY 22, 2024

Frasers Group suing over $900m cash demand linked to bets placed on shares in German retailer Hugo Boss The billionaire businessman Mike Ashley has claimed he was the victim of “abuse” by Morgan Stanley amid a high court dispute over the investment bank’s decision to impose a near $1bn (£790m) cash demand. Ashley’s Frasers Group is taking legal action against the US investment bank Morgan Stanley and Denmark’s Saxo Bank over the May 2021 move linked to bets placed on shares in the German retaile

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US Groups Retail Industry 53

The Paypers

FEBRUARY 22, 2024

Switzerland-based cyber protection provider Acronis has announced the launch of an updated version of its product, Acronis Cyber Protect 16.

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Advertiser: ZoomInfo

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

Capital

American Banker

FEBRUARY 22, 2024

MainStreet Bancshares in Fairfax says it can succeed where others have run into some thorny regulatory problems by cutting out the middleware and linking fintech partners directly to its core.

Virginia 45

Virginia Fintech Community Bank Community 45

The Paypers

FEBRUARY 22, 2024

REPAY has announced its collaboration and technology integration with Maxyfi, aiming to allow the latter's clients to provide flexible payment methods.

Technology 45

Technology Payments 45

American Banker

FEBRUARY 22, 2024

The two companies in the largest bank merger since the 2008 financial crisis released details of their agreement. It leaves the door open for Discover to field better offers, though the payments company would pay a break-up fee of 4% if it accepts one.

Capital 41

Capital Company Payments Cards 41

The Paypers

FEBRUARY 22, 2024

Artificial intelligence economic sanctions enforcement provider Silent Eight has expanded its partnership with HSBC to deliver transaction screening solutions.

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Operations

The Financial Brand

FEBRUARY 22, 2024

This article Are Banks Missing the Revenue Potential of Instant Payments? appeared first on The Financial Brand. Faster payments are here, but banks and credit unions could lose out to fintechs and big techs if they don't play it smart. This article Are Banks Missing the Revenue Potential of Instant Payments? appeared first on The Financial Brand.

Payments 40

Payments Branding Fintech Trends 40

The Paypers

FEBRUARY 22, 2024

White-label payment gateway provider Akurateco has received certification as a Participating Processor for Google Pay.

Google 45

Google Payments 45

American Banker

FEBRUARY 22, 2024

Lenders collected an estimated $25 billion in additional interest income last year by raising the average margin on annual percentage rates, or the amount above the prime rate, according to the Consumer Financial Protection Bureau.

Cards 36

Cards Compliance Regulation 36

The Paypers

FEBRUARY 22, 2024

Sumsub has announced the launch of its Non-Doc Verification solution in the US, aiming to reduce fraud and improve the customer onboarding experience.

US 45

US Fraud 45

Advertiser: ZoomInfo

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

How To