ABA Community Banking
JULY 11, 2024
Creating a board that is high-functioning and enhances the bank’s service to the community, its success and its profitability. The post Five tips to juice community bank board performance appeared first on ABA Banking Journal.
Payments Dive
JULY 11, 2024
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
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Gonzobanker
JULY 11, 2024
Now is the time to fortify your defenses for the war on deposits. Halfway through 2024, most banks and credit unions have settled into the current environment— for better or worse. Yes, the initial panic has worn off, but dwindling deposits and sustained interest rates have considerably impacted funding costs and growth outlooks. But a faint light is starting to show at the end of the tunnel.
Payments Dive
JULY 11, 2024
The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow payments system.
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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.
BankInovation
JULY 11, 2024
NEW YORK — Rocket Mortgage is working with Amazon Web Services to deploy generative AI-driven tools to make its customer relations team and internal operations more efficient.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jack Henry
JULY 11, 2024
Develop long-term success strategies and achieve process improvements for your bank or credit union with the expertise of a banking technology consultant.
The Paypers
JULY 11, 2024
Jiangxi Bank of China has gone under, as the banking sector is currently facing a full-scape crisis with financial institutions being absorbed into larger enterprises.
BankBazaar
JULY 11, 2024
A day dedicated to everyone’s favourite crispy snack ? Yes, please! Let’s blend the joy that fries bring us along with some smart financial tips to have a truly flavourful experience together. Want to know more? R ead on… Welcome to the tastiest day of the year, fellow enthusiasts — it’s French Fries Day! Whether you call them chips, fries, or frites (like the French do), today, you have the perfect excuse to indulge in some crispy, golden goodness to satisfy your cravings!
American Banker
JULY 11, 2024
A federal appeals court ruled that the Equal Credit Opportunity Act prohibits not just outright discrimination but also the discouragement of prospective applicants for credit.
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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
BankInovation
JULY 11, 2024
Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode. Eighty-six percent of banks and 73% of credit unions are signed up with FedNow as receive-only institutions, according to a report released this year by Cornerstone Advisors.
American Banker
JULY 11, 2024
The banking industry is using the threat of lawsuits to push regulators toward a less stringent final rule on capital. Those in favor of tougher rules should fight fire with fire.
BankInovation
JULY 11, 2024
Bain Capital and Reverence Capital Partners have agreed a deal to take Envestnet Inc., a provider of wealth-management software, private.blo The buyout firms will pay $63.15 a share for Berwyn, Pennsylvania-based Envestnet, according to a statement on Thursday that confirmed an earlier Bloomberg News report. The offer values Envestnet at $3.
American Banker
JULY 11, 2024
The House didn't meet the two-thirds threshold needed to overturn President Joe Biden's veto of a resolution nullifying staff accounting bulletin 121, which requires that banks hold cryptocurrency held in custody on their balance sheet as liabilities.
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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.
BankInovation
JULY 11, 2024
Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and risk controls. The Federal Reserve said Wednesday that its penalty was for Citi violating an enforcement action from 2020.
American Banker
JULY 11, 2024
The American tech giant's agreement to open up to other firms may give other tech firms the chance they need to offer an updated mobile wallet.
BankInovation
JULY 11, 2024
Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode.
The Paypers
JULY 11, 2024
Netbank has deployed its Virtual Collection Accounts Solution for Dragonpay Corporation to enhance financial transactions and digital payment solutions across the Philippines.
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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.
American Banker
JULY 11, 2024
The top five community banks have combined first mortgage loans of more than $2.8 billion as of March 31, 2024.
BankUnderground
JULY 11, 2024
Tomas Key Nominal wage growth has increased markedly in the UK in recent years, reaching levels that haven’t been seen for more than 20 years. Although growth has moderated a little in recent months, it remains significantly above its pre-pandemic level. An assessment of whether this strong rate of wage growth will persist is a key input to the monetary policy decision, given the important link between the cost of labour and firms’ pricing decisions.
American Banker
JULY 11, 2024
Higher funding costs, lower loan demand and the potential for increased credit costs continue to drag on the sector heading into second-quarter earnings season.
The Paypers
JULY 11, 2024
US-based provider of unsecured lending Happy Money has partnered with Method to augment debt consolidation by integrating real-time data APIs for the benefit of credit unions.
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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.
American Banker
JULY 11, 2024
The four lawsuits allege that attackers stole members' Social Security numbers, among other data. Patelco has not yet confirmed whether any data was stolen.
The Paypers
JULY 11, 2024
Fave Singapore , a subsidiary of Pine Labs , has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence.
American Banker
JULY 11, 2024
Positive signs on jobs and inflation help drive the 10-year Treasury yield lower, and lead investors to forecast a short-term rate cut sooner than later, Freddie Mac said.
The Paypers
JULY 11, 2024
ClearScore has secured GBP 3.4 million funding from Fair4All Finance to develop a debt consolidation loan technology for people in financially vulnerable circumstances in the UK.
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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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