South State Correspondent

MAY 15, 2024

Bankers have been taught to diversify their loan portfolio to reduce idiosyncratic (individual borrower) risk and to stabilize earnings. The thinking is that diversification-induced lending leads to banking resiliency. We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify.

Community Bank 195

Community Bank Community Lending Study 195

Payments Dive

MAY 15, 2024

Concerns about the $35B merger proposal, which has already faced opposition, are likely to surface again at the July public meeting.

Meeting 396

Meeting Capital 396

South State Correspondent

MAY 15, 2024

Bankers have been taught to diversify their loan portfolio to reduce idiosyncratic (individual borrower) risk and to stabilize earnings. The thinking is that diversification-induced lending leads to banking resiliency. We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify.

Community Bank 195

Community Bank Community Lending Study 195

Payments Dive

MAY 15, 2024

The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.

System 293

System Payments Company 293

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BankInovation

MAY 15, 2024

AI and generative AI applications continue to dominate conversations within the financial services industry, but implementing generative AI is near impossible if bank data isn’t standardized and accessible. What makes good data?

Data 126

Data Fintech Industry Technology 126

American Banker

MAY 15, 2024

As part of a sweeping digital enhancement of its consumer payment cards, Visa will enable banks to issue an account as a credit, debit, virtual or Pay in 4 installment loan, based on the user's preference at the time of purchase.

Cards 96

Cards Payments 96

BankUnderground

MAY 15, 2024

Adam Muhtar and Dragos Gorduza Imagine a world where machines can assist humans in navigating across complex financial rules. What was once far-fetched is rapidly becoming reality, particularly with the emergence of a class of deep learning models based on the Transformer architecture ( Vaswani et al (2017) ), representing a whole new paradigm to language modelling in recent times.

Training 83

Training Regulation Policies Data 83

American Banker

MAY 15, 2024

The publication selected 20 women who have shown strong leadership and communication skills.

Leadership 90

Leadership Fintech Technology 90

BankInovation

MAY 15, 2024

KeyBank launched its virtual account management solution, Key Virtual Account Management, powered by payments platform Qolo, on May 7.

Management 69

Management Innovation Operations Payments 69

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American Banker

MAY 15, 2024

Amex is working with Worldpay to reach businesses in the U.K., Western Union has resumed remittances to Cuba after shutting down that corridor in 2020, and more.

Payments 88

Payments 88

Cisco

MAY 15, 2024

The Digital Operational Resilience Act (DORA) offers financial service institutions the chance to enhance operational resilience and competitive advantage through compliance, with Cisco providing a comprehensive suite of solutions to support FSIs in meeting these new regulatory requirements.

Compliance 62

Compliance Operations Meeting Industry 62

American Banker

MAY 15, 2024

Companies such as Synctera, Treasury Prime and Unit are diversifying their services or enabling more direct contracts between banks and fintechs to survive in an evolving regulatory environment.

Fintech 87

Fintech Company Compliance Technology 87

The Paypers

MAY 15, 2024

Standard Chartered has completed the Euro-denominated cross-border transactions between Hong Kong and Singapore, on the Partior network.

Payments 53

Payments 53

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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

MAY 15, 2024

The VantageScore 4plus product pulls in standard credit file information while also analyzing bank account balance and other transactional data to create an adjusted score

Data 83

Data Technology 83

The Paypers

MAY 15, 2024

Germany-based financial institution Deutsche Bank has announced that it entered an asset tokenisation project by collaborating with Singapore’s Central Bank.

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50

American Banker

MAY 15, 2024

These 20 bankers and fintech executives are helping banks go digital in new ways.

Innovation 81

Innovation Fintech Digital Banking 81

The Paypers

MAY 15, 2024

Philippines-based fintech Skyro has partnered with identity verification provider ADVANCE.AI to augment onboarding processes for Filipinos accessing financial services.

Fintech 48

Fintech 48

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Capital

American Banker

MAY 15, 2024

The bill, which would allow uninsured trust companies to issue stablecoins, represents a perilous departure from historically sound financial regulatory policies, and would open the door to potentially catastrophic market disruptions.

Policies 74

Policies Marketing Company cryptocurrency 74

The Paypers

MAY 15, 2024

US-based dental care financing provider Basis has partnered with insurtech company TruStage to integrate insurance coverage with BNPL solutions for dental patients.

US 45

US Company 45

American Banker

MAY 15, 2024

Investors reacted negatively to New York Community Bancorp's divestiture of a $5 billion loan warehouse portfolio to JPMorgan Chase. The deal has triggered a debate about whether other banks might retreat from lending to nonbank home lenders.

New York 60

New York Lending Community 60

The Paypers

MAY 15, 2024

Netherlands-based neobank bunq has upgraded its user-facing AI assistant Finn and joined the insurance market in partnership with Qover.

Marketing 45

Marketing 45

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Operations

American Banker

MAY 15, 2024

Investors reacted negatively to New York Community Bancorp's divestiture of a $5 billion loan warehouse portfolio to JPMorgan Chase. The deal has triggered a debate about whether other banks might retreat from lending to nonbank home lenders.

New York 53

New York Lending Community 53

The Paypers

MAY 15, 2024

The Network for Electronic Transfers (NETS) Group has entered a collaboration with Klarna to provide the latter’s payment methods to its Nordic merchant customers.

Groups 41

Groups Payments 41

American Banker

MAY 15, 2024

CEO Kevin Cohee is convinced WiseOne, the AI companion OneUnited Bank rolled out late last year, can help customers make better financial decisions. Cohee also wants to see his passion for personal fiscal improvement play to a wider audience, through development of a nationwide financial literacy curriculum.

Community Bank 53

Community Bank Community Strategy 53

The Paypers

MAY 15, 2024

HSBC UK has announced the launch of a new savings product, aiming to optimise the manner in which customers and clients boost bank balance.

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41

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