Wed.Oct 16, 2024

article thumbnail

How Can Banks Push Back Against Margin Pressure?

The Financial Brand

This article How Can Banks Push Back Against Margin Pressure? appeared first on The Financial Brand. A new McKinsey report argues that it's time for banks to hunker down and defend their margins, maybe even at the expense of growth. This article How Can Banks Push Back Against Margin Pressure? appeared first on The Financial Brand.

article thumbnail

How to Increase Debit Card Profitability

South State Correspondent

While there are many overlooked products in banking, the debit card is perhaps the greatest. The product generates significant fees and helps drive deposit balances, yet debit cards rarely get a mention in strategy, marketing, or customer profitability circles. The debit card is one of the greatest workhorses of banking and, unfortunately, is forgotten about due to its sexier older brother—the credit card.

Cards 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa taps AI analytics partner to add merchant services

Payments Dive

The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

Analytics 195
article thumbnail

Why is Germany shooting its own stagnating economy in the foot? | Simon Nixon

TheGuardian

A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionism A potential merger between a German bank and an Italian rival would not normally elicit much interest beyond the business pages. But these are not normal times. The Italian bank UniCredit recently provoked a political backlash in Germany by acquiring a 21% stake in the German lender Commerzbank.

US 91
article thumbnail

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.

article thumbnail

Payments players tap M&A to build tech stacks

Payments Dive

The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.

Payments 150

More Trending

article thumbnail

Klarna sells loans to Elliott to free up GBP 30 bln for growth

The Paypers

Klarna has secured a deal to offload BNPL loans that it originates in the UK to the US hedge fund Elliott , in a deal that will free up as much as GBP 30 billion for new loans.

US 68
article thumbnail

Citizens hampered in Q3 by office-loan overhang

American Banker

The regional bank's earnings were impacted by challenges in its office loan portfolio, though its overall results were a mixed bag, with its nascent private bank showing momentum.

article thumbnail

Tala launches its non-custodial crypto wallet

The Paypers

Financial platform Tala has announced the launch of its non-custodial crypto wallet, which aims to enable customers to have autonomy over their digital currencies.

70
article thumbnail

U.S. Bancorp's earnings checked by subdued lending activity

American Banker

The Minneapolis-based banking giant posted a third-quarter profit, although average total loans slipped 1% from a year earlier. Slower business and commercial real estate lending more than offset gains in the bank's consumer portfolio.

Lending 74
article thumbnail

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

article thumbnail

HTX partners with TradingView to advance crypto trading

The Paypers

Global digital asset trading platform HTX has announced its strategic collaboration with TradingView , with the two companies focusing on augmenting the crypto trading experience for users.

Company 67
article thumbnail

Helping seniors avoid financial scams is just good business for banks

American Banker

As financial fraud becomes more and more sophisticated, banks need to get proactive about protecting their customers from scammers. This is particularly true of seniors, whose deposits are a key source of banks' core deposits.

Fraud 74
article thumbnail

N26 launches Stocks and ETFs in 12 new markets

The Paypers

Germany-based online bank N26 has announced that it launched its Stocks and ETFs trading in 12 new markets, allowing more customers to invest in fractional shares.

article thumbnail

Australia bans some card fees; Revolut tops UK fraud reports

American Banker

Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country's largest banks.

Fraud 77
article thumbnail

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.

article thumbnail

Keyrock partners with Deutsche Bank for advanced global digital asset operations

The Paypers

Global digital asset market maker Keyrock has partnered with Deutsche Bank in order to optimise payment and FX operations for market making and OTS trading.

article thumbnail

20 largest banks and thrifts by assets

American Banker

The top five banks and thrifts had combined assets of more than $13 trillion as of June 30, 2024.

article thumbnail

Zopa Bank partners with John Lewis Money to offer personal loans

The Paypers

Zopa Bank has partnered with John Lewis Money , the financial services arm of John Lewis Partnership, to offer personal loans to its 23 million customers.

67
article thumbnail

Overcoming hurdles to credit card issuing for community banks

ABA Community Banking

the path to credit card issuing is within reach for community banks with the right support and technology. The post Overcoming hurdles to credit card issuing for community banks appeared first on ABA Banking Journal.

article thumbnail

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.

article thumbnail

TD money-laundering scandal puts supervision back under the microscope

American Banker

For more than a decade, the bank allowed billions of dollars from illicit activities to flow through the U.S. financial system unchecked. Some are wondering why examiners didn't put a stop to it sooner.

System 56
article thumbnail

Tuum teams up with Zenus Bank to introduce global BaaS

The Paypers

Estonia-based core banking provider Tuum has announced its partnership with Zenus , a US digital bank, with the two organisations planning to work on launching a global Banking-as-a-Service (BaaS) platform.

article thumbnail

CFPB's Chopra pans so-called 'Chopra doctrine' of expanding authority

American Banker

Rohit Chopra, the director of the Consumer Financial Protection Bureau, said his tenure at the agency could be characterized as simply reading statutes rather than finding novel ways to enforce regulations.

article thumbnail

Tebi secures USD 22 million investment for Europe expansion

The Paypers

Business software firm Tebi has announced the rise of USD 22 million funding round led by Index Ventures , aimed at its expansion in north-western Europe.

article thumbnail

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.

article thumbnail

CFPB's nonbank registry of repeat offenders goes live

American Banker

The Consumer Financial Protection Bureau's nonbank registry to address repeat corporate offenders goes live this week, but some experts have raised concerns about redundancy and costs for nonbanks.

article thumbnail

Metro Bank joins forces with BankiFi

The Paypers

Metro Bank , a UK-based community bank, has entered into a collaboration with BankiFi to launch Invoice It, a new solution that intends to support SMEs in sending and receiving payments.

Metro 41
article thumbnail

Synchrony profits surge 25% on higher credit card balances

American Banker

The company, which partners with retailers on store credit cards, saw spending volumes slip during the third quarter. But cardholders' outstanding balances rose, driving more interest revenues.

Cards 36
article thumbnail

Mangopay partners with Storfund

The Paypers

Fintech company Storfund has expanded its partnership with Mangopay in order to boost the support it offers on its platform and provide cash flow solutions to sellers.

Fintech 41
article thumbnail

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.