Thu.Nov 14, 2024

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7 Ways Instant Payments Impact Deposit Performance

South State Correspondent

With almost 30% of our banks utilizing some portion of instant payments, the industry is starting to gather more data on how instant payments impact balances, customer acquisition, and account usage. Instant payments have the potential to change the payment landscape for banks. In this article, we look at six ways instant payments impact deposit performance and add insight into what it means for banks.

Payments 195
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Don’t try to fit a Layout Builder peg in a Site Studio hole.

Perficient

How to ensure your toolset matches your vision, team and long term goals. Seems common sense right? Use the right tool for the right purpose. However, in the DXP and Drupal space, we often see folks trying to fit their project to the tool and not the tool to the project. There are many modules, profiles, and approaches to building Drupal out there, and most all of them have their time and place.

Tools 221
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How to avoid costly BSA enforcement actions: Proactive steps for bank compliance

Abrigo

Be proactive with your AML/CFT program to prevent BSA enforcement actions As regulatory scrutiny intensifies, financial institutions face more frequent Bank Secrecy Act (BSA) enforcement actions from supervisory agencies. These actions can result in costly civil penalties and reputational damage, so banks and credit unions should take proactive steps to ensure their BSA compliance programs are robust and effective.

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AI Regulations for Financial Services: South Korea and the UK

Perficient

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.

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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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Rules imposed after financial crisis have ‘gone too far’, Reeves tells City bankers

TheGuardian

Chancellor uses Mansion House speech to suggest it is time to loosen some constraints brought in after 2007-08 crash Rachel Reeves has told City bankers attending her Mansion House speech that regulations put in place to protect the economy after the global financial crisis had “gone too far”. Speaking at the glitzy annual gathering in the Square Mile on Thursday, the chancellor called the financial services sector the “crown jewel” of the UK economy.

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BankBazaar Aspiration Index 2024

BankBazaar

We bring to you the seventh edition of BankBazaar’s Aspiration Index®, the largest study of India’s aspirations through the lens of personal finance. The Index captures the importance Indians assign to an aspiration, how confident they are of its fulfilment, and what their current readiness for fulfilment is. A higher Index represents greater aspirations.

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With the arrival of stablecoins, is it time to pay farewell to traditional payment rails?

BankUnderground

Aly Soliman Stablecoins have emerged as an innovative form of money in the financial landscape. While they represent a small fraction of the global financial system, stablecoins have grown by US$30 billion in the last few months (as reported on DefiLlama). The potential effect of stablecoins on the payment industry could be substantial and merits attention.

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Adyen partners with Zalando in order to optimise payments for European clients

The Paypers

Financial technology platform Adyen has announced its partnership with Zalando in order to provide European clients and users with secure and optimised payment methods.

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The SMB Banking Evolution: Adopting to Modern Needs

Jack Henry

Lead your business accountholders into the future of technology with cutting-edge SMB solutions. Discover how to enhance your business banking experience with Jack Henry™ today!

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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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Weak prices, hefty crop supply threaten farm income and loan losses

American Banker

Agriculture lenders expect more than a third of their borrowers to lose money this year, a development that could result in credit quality deterioration and impacts on banks' bottom lines.

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Persona partners with Okta to optimise workforce identity security

The Paypers

US-based identity platform Persona has partnered with Okta to deliver an automated identity verification solution and support organisations to safeguard against phishing and deepfakes.

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Banks try new ideas to recruit and retain employees

American Banker

Customized perks, AI-driven solutions and even freelance employees are all in play at banks as human resource managers confront the challenge of recruitment and retention.

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Agicap raises EUR 45 million in Series C funding round

The Paypers

France-based Agicap has announced that it closed a EUR 45 million Series C funding round, with the company planning to further solidify its position in Europe.

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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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Fed's Kugler: Independence 'necessary' to achieve policy goals

American Banker

In a speech, Federal Reserve Gov. Adriana Kugler said sound monetary policy comes when electoral politics are kept out of central banking.

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7 Essential Tips for Restaurant Financing Success

Commercial Lending USA

Do you need restaurant financing? Commercial Lending USA connects you with suitable lenders, streamlining the process and unlocking your culinary dream.

Lending 59
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Treasury warns banks deepfake fraud is on the rise

American Banker

The Treasury's financial crimes arm alerted banks to the dangers of AI-powered fraud, urging close monitoring and swift reporting of any suspicious activity.

Fraud 66
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CDFI, MDI leaders join Mission Driven Bank Fund advisory committee

ABA Community Banking

The Mission Driven Bank Fund announced the appointment of its inaugural Mission Advisory Committee, comprised of seven industry leaders with expertise and experience in minority depository institutions and community development financial institutions. The post CDFI, MDI leaders join Mission Driven Bank Fund advisory committee 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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Festive Fraud: Beware of these 10 holiday scams.

PopularBank

From frantic, last-minute shopping to festive party hopping, the holiday season is full of frenzied activity. Unfortunately, amidst the revelry, unsuspecting victims can easily get caught in traps set by cybercriminals. As you spread holiday cheer, don’t overlook the importance of protecting your personal and financial information. Online scammers, in particular. tend to be more active during the holiday months because more people are using their credit cards to make purchases across numerous we

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Best Banks to Work For 2024 with $3B to $10B of assets

American Banker

This year, 22 banks with assets between $3 billion and $10 billion made American Banker's Best Bank to Work For 2024 ranking.

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5th Session - Commercial and Residential DSCR Loans

Commercial Lending USA

Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!

Lending 40
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20 community banks with highest return on average equity

American Banker

The top five community banks averaged a return on average equity of 115.97% as of June 30.

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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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Volante Technologies launches its Volante Payments Intelligence solution

The Paypers

Volante Technologies has announced the launch of the Volante Payments Intelligence, a new tool that provides FIs with optimised visibility and operational control.

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What payment firms want from real-time's next chapter

American Banker

Real-time payments and FedNow were top of mind at The Clearing House's Annual Convention this week. Here's how banks and payment companies see RTP's potential evolution.

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Surecomp, BNP Paribas, Vanderlande complete Swift and ICC pilot

The Paypers

Surecomp , a provider of digital trade and supply chain finance solutions, and BNP Paribas and Vanderlande have completed a pilot for corporate-to-bank connectivity developed by Swift and ICC.

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Chatting Things Through: The Current State of Chatbots in Mobile Banking

The Financial Brand

This article Chatting Things Through: The Current State of Chatbots in Mobile Banking appeared first on The Financial Brand. There are many compelling benefits to AI chatbot integration — but banks have work to do to articulate them to skeptical customers. This article Chatting Things Through: The Current State of Chatbots in Mobile Banking appeared first on The Financial Brand.

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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.