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

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

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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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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 259

Payments Company 259

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

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

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

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

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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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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

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

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

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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87

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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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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

US 50

US Groups Retail Industry 50

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 89

Google Payments Company 89

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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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.

Capital 71

Capital Cards Industry Groups 71

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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.

Analysis

The Paypers

FEBRUARY 22, 2024

Numeral has announced that it now supports Swift payments, allowing companies and financial institutions to automate cross-border payments with partner banks.

Payments 45

Payments Company 45

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

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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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

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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.

Lending

The Paypers

FEBRUARY 22, 2024

Cloud-based Verified Financial Intelligence (VFI) platform Valid8 Financial has announced the launch of Stories, a feature that enables users to improve financial fraud investigations.

Fraud 41

Fraud 41

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

UK-based fintech company Revolut has announced the launch of its Robo-Advisor solution in the European Economic Area (EEA) aiming to automate investing.

Fintech 45

Fintech Company 45

American Banker

FEBRUARY 22, 2024

CFO Hope Dmuchowski said investors are growing increasingly nervous about banks that expand their loan portfolios too quickly after the collapse of Silicon Valley Bank and other regional lenders last year.

Regional 36

Regional Industry 36

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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.

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