Mon.Apr 14, 2025

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6 Common CECL backtesting mistakes & how to avoid them

Abrigo

Sidestep some of the issues that most commonly hurt backtesting efforts Backtesting the estimate for credit losses can build confidence in the CECL model and ensure it reflects an institution's credit risk. However, be careful to avoid common backtesting mistakes. Key topics covered in this post: Why financial institutions conduct CECL backtesting Backtesting mistakes to avoid & how to avoid them Evaluating CECL estimates against actual credit losses Backtesting is one of the most practical

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Republicans pressure Fed on debit card fees

Payments Dive

Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.

Cards 334
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The Data – 6 Action Items to Boost Bank Customer Profitability

South State Correspondent

Customer profitability is often talked about but rarely understood. We analyzed the commercial loan portfolio of a regional bank to determine what products, scale, cross-sell opportunities, and expected life translates to profitability. The results may be surprising to some readers. The granularity of this data reflects the state of the banking industry, and the lessons learned can be incorporated by most community bankers in their daily product pricing, marketing, and sales efforts.

Data 221
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Stripe CEO to become a Meta director

Payments Dive

Patrick Collison will join the board of the public social media company as speculation persists about the possibility of his payments company filing for an initial public offering.

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Commercial Lenders, Playing It Safe Is the Real Risk

Why Legacy Lending Workflows Are Costing You More Than You Think Legacy systems and manual workflows might feel familiar, but they come with growing risks—compliance gaps, costly delays, and lost opportunities. This guide breaks down why clinging to traditional processes is no longer sustainable and how automation can help lenders regain control, improve efficiency, and reduce risk across the closing process.

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Fraud on the Rise in 2025 and How to Prevent It

Ublocal

Fraud on the Rise in 2025 and How to Prevent It Scams and fraud are becoming rampant and much harder to spot. In the past, phishing emails and text messages often contained misspelled words and grammatical mistakes. These days, scammers are using artificial intelligence to create phishing emails and texts that are much harder to spot. They also use AI to create deep-fake voices and videos to impersonate people and improve their chance of success.

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More Trending

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At the intersection of opportunity and need

ABA Community Banking

Where minority bank branches are located and how they fuel small business lending and growth in their markets. The post At the intersection of opportunity and need appeared first on ABA Banking Journal.

Lending 52
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Fed's Waller willing to 'look through' tariff hike inflation

American Banker

Federal Reserve Board member Christopher Waller said he would not be deterred from classifying inflation as "transitory" despite the board's recent experience underestimating inflationary pressures.

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Commercial banks in Albania to submit SEPA applications

The Paypers

The Bank of Albania and the Albanian Association of Banks have submitted to the EPC the application pack of banks for Adherence to the SEPA Credit Transfer scheme.

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How North Carolina colonized Florida's banking industry

American Banker

Just as two North Carolina universities have dominated college basketball in recent decades, two banks from the Tar Heel state have dominated much of U.S. banking since 1990, turning Florida, especially, into a "banking colony.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Hawk raises USD 56 mln to fuel AI-powered fight against financial crime

The Paypers

AI-powered AML and fraud prevention firm Hawk has raised USD 56 million in a Series C funding round led by growth equity investor One Peak.

Fraud 46
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M&T Bank earnings rise but miss analysts' expectations

American Banker

The Buffalo, New York bank's loans edged higher in the first quarter while deposits fell 1.7% from a year ago. The bank also lowered its full-year outlook for loans and deposits.

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Stitch obtains USD 55 million in funding round

The Paypers

South African fintech Stitch has obtained USD 55 million in funding, aiming to leverage the capital to optimise its payment solutions for businesses across the region.

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U.S. Bank launches spend management app for small businesses

American Banker

More than 1.4 million small businesses bank with U.S. Bank, according to the company, and it's now offering help with managing expenses and accepting payments.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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FCA publishes findings from its trading apps review

The Paypers

The FCA has published findings from its trading apps review, including links between the use of specific features and trading outcomes for retail clients, in a new research paper.

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How sports is paving a path for 'invisible payments'

American Banker

At the Los Angeles Clippers' Intuit Dome, technology developers hope to forge transaction habits that can be replicated elsewhere.

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Amount partners with ValidiFI for optimised fraud detection solutions

The Paypers

Amount has announced its partnership with ValidiFI , a predictive bank account and payment intelligence provider, in order to optimise its digital origination capabilities.

Fraud 41
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Goldman Sachs stock traders ride markets to record quarter

American Banker

Equity-trading revenue rose 27% from a year earlier to $4.19 billion for the first three months of the year.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Malaysia and Cambodia launch phase two of cross-border QR payments

The Paypers

Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have officially launched phase two of their cross-border QR payment initiative.

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Edward Jones revives bank plans in bid to boost services — and revenue

American Banker

An industry consultant thinks Edward Jones' latest bid to start a bank is an attempt to add revenue sources as the traditional brokerage business becomes less lucrative.

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Aleta Planet launches MPLUS Aleta

The Paypers

Singapore fintech Aleta Planet has announced the launch of MPLUS Aleta, aiming to power cashless payments for Muslim consumers and businesses in Southeast Asia.

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CFPB's Vought orders review of all past guidance

American Banker

Acting Consumer Financial Protection Bureau Director Russell Vought also directed that future guidance not use the words "shall," "must," "required" or "requirement" to direct parties outside the federal government, except when restating clear legal mandates.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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GXS Bank acquires Validus Capital

The Paypers

GXS Bank has announced that it obtained regulatory approval to move forward with the acquisition of Validus Capital , the Singapore subsidiary of Validus Group.

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Top 13 DeFi, Blockchain and Crypto Conferences in 2025

Fintech Labs Insights

Its looking like it will be quite a year in the alternative finance and crypto industry. This calendar outlines the biggest and most important DeFi, blockchain, and crypto conferences and events in 2025. Attending a conference or trade show is one of the best ways for business executives to stay informed and connected in a rapidly evolving industry.

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Q2 becomes Signature Bank's digital banking partner

The Paypers

US-based financial institution Signature Bank has announced that it selected Q2 to offer an optimal digital banking experience for commercial and retail customers.

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Goldman Sachs boss says chances of US recession have increased after Trump tariffs

TheGuardian

David Solomon warns that escalating trade war poses material risks for US and global growth The chief executive of Goldman Sachs, David Solomon, has warned that the chances of a US recession have increased in the wake of Donald Trumps tariffs and that an escalating trade war poses material risks for US and global growth. The Wall Street boss said the growing uncertainty over the fallout of US tariffs could spell trouble for companies and consumers and wreak havoc on the economy.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.