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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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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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 82

Training Regulation Policies Data 82

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

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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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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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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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

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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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.

Lending

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

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

Payments 53

Payments 53

American Banker

MAY 15, 2024

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

Leadership 90

Leadership Fintech Technology 90

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

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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

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

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

Switzerland-based Temenos has announced that President’s Choice Financial (PC Financial) selected its services in a bid to expand into the Canadian banking market.

Marketing 41

Marketing 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

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

Tomorrow's Transactions

MAY 15, 2024

In the dynamic realm of digital transactions, India and the United States stand out as two distinct landscapes, each with its own set of challenges, triumphs, and innovative solutions. As someone who has witnessed the evolution of payment systems in both countries, the contrasts between my birthplace, India, and my current residence, the US, are… Continue reading Coining Connections in India and US Payment Systems The post Coining Connections in India and US Payment Systems first appeared

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System US United States Payments 39

American Banker

MAY 15, 2024

The $116 million deal to acquire HMN Financial in Rochester would mark the 26th acquisition of this century for Alerus. The transaction is slated to close in the fourth quarter.

Minnesota 48

Minnesota Community Bank Community Lending 48

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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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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