Tue.Dec 12, 2023

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The Clearing House revamps leadership

Payments Dive

Since his arrival in February, The Clearing House CEO David Watson has been remaking the company’s executive suite, with another appointment this week.

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Crack The Code to Financial Freedom: NPS and PPF Demystified!

BankBazaar

Financial freedom requires planning and patience. This is the first piece of a series of posts on exploring various investment avenues. As another year comes to an end, it’s important for us to equip you with the best investment ideas. In this series of articles, we’ll discuss the different routes you can take to plan your retirement or strengthen your current financial standing.

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ValueAct chops Fiserv stake: analyst

Payments Dive

The activist investor has cut its ownership by about two-thirds, a sign that it might be satisfied with the payment company’s progress, Monness, Crespi, Hardt & Co. analyst Gus Galá says.

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Jingle Bills: How To Budget For A Debt-free Christmas

BankBazaar

‘Tis the season to be jolly, but for many, the holidays are also synonymous with financial stress and debt. The allure of festive decorations, lavish feasts and the perfect gifts can easily lead to overspending, leaving individuals grappling with post-holiday financial hangovers. In this blog, we’ll explore strategies and tips on how to create a Christmas budget that not only allows you to celebrate the season joyfully but also keeps your financial ship steady into the New Year.

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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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Banks are leaving charities unable to access their funds | Letter

TheGuardian

Leaders from the voluntary sector on the challenges that small organisations are increasingly facing with banking services Your recent article on the problems that charities experience with banking is timely ( Charities and churches left in financial disarray after Barclays shuts accounts, 4 December ). These issues are now so acute that the chief executive of the Charity Commission has found it necessary to write to all the main banks seeking solutions, and we welcome its support on the issue.

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More Trending

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Nearly 100% of FIs plan to use gen AI

BankInovation

Generative AI utilization is a table stake for financial services industry leaders looking to improve customer experience, internal processes and risk management. According to a Dec. 11 report by consulting giant EY, 99% of financial services industry leaders have deployed AI and are planning to use the tech across their operations.

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Latino market offers a $155 billion opportunity for U.S. banks: Report

American Banker

If banks reached the same market penetration among U.S. customers of Latin American descent that they have among white Americans, they could tap an additional $155 billion in annual revenue, according to new research from the consulting giant McKinsey.

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Bank of America’s Durkin to speak at Bank Automation Summit U.S. 2024

BankInovation

Tom Durkin, global product head of CashPro in Global Transaction Services at Bank of America, will present on “What’s new in digital assistants: Implementing AI for enhanced user experience” at Bank Automation Summit U.S. 2024 on Tuesday, March 19, at 1:45 p.m. CT. Bank Automation Summit U.S.

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New York Community faces scrutiny over multifamily, office loans

American Banker

Analysts agree that the Long Island-based bank will probably absorb some losses due to its exposure to struggling segments of the commercial real estate market. But they differ on the extent of the likely damage.

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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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Do ATMs need more features?

ATM Marketplace

Are advanced features for ATMs useful.or unhelpful?

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Podcast: 3 technologies banks need now

BankInovation

Financial institutions are looking to grow deposits and increase customer loyalty as business clients look to diversify deposits and manage liquidity.

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Louisiana credit unions to merge into a $1 billion-asset institution

American Banker

The combination of OnPath Federal Credit Union and Louisiana Federal Credit Union is the biggest credit union merger in the state's history.

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Thank you for being a client

Realwired Appraisal Management Blog

Our Realwired team just wrapped up our quarterly strategic meeting, asking the North Star question, “How do we make our Chief Appraiser clients look great with YouConnect?” Our 2024 tech roadmap is loaded with client-requested new features. We listen to you.

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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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AI in financial services will require robust, transparent regulation

American Banker

Integrating artificial intelligence into the world of banking and finance must be a cooperative effort between the industry and regulators. It's important that the discussions start now.

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OpenWallet Foundation partners with FIDO Alliance

The Paypers

The OpenWallet Foundation has announced its partnership with FIDO Alliance in order to combine the latter’s standard with OWF’s open source projects.

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Epic's legal victory over Google isn't a clear win for payment companies

American Banker

A jury found the tech giant violated anti-monopoly rules by requiring in-house checkout for game makers such as Epic, which publishes Fortnite. Google and Apple may have to cut fees, but outside processors will be challenged to create a winning user experience.

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How do we regulate and ensure AI Machines pay fairly?

Tomorrow's Transactions

I was extremely fortunate to be invited to the recent BIS Securing The Future Monetary System conference in Basel. This was a terrific event, bringing together some of the cleverest people in security from the worlds of banking; academia and industry to discuss the issues faced in securing our future CBDC based monetary systems. I… Continue reading How do we regulate and ensure AI Machines pay fairly?

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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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20 community banks with the highest returns on average equity

American Banker

The top five community banks averaged a return on average equity of 75.37% as of June 30, 2023.

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Crown Commercial Service to launch a new Open Banking agreement

The Paypers

The Crown Commercial Service has announced the launch of a new Open Banking agreement to reduce fraud and improve prompt payments across the public sector.

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Are mortgage servicers holding back assumption volume?

American Banker

While mortgage assumptions are on the rise, so too are complaints leveled against mortgage servicers for how they handle the loans. A common refrain is that the companies are moving too slowly.

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The CJEU issues a landmark EU data protection ruling

The Paypers

The CJEU has issued a new set of rulings in order to simplify the manner in which data protection supervisory authorities of the EU member states sanction legal entities.

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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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West Virginia governor spars with bank over $300M debt

American Banker

Carter Bankshares in Martinsville, Virginia, is attempting to exit a longstanding relationship with West Virginia Gov. Jim Justice through a seldom-used collections tool that was at the center of a court hearing this week.

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FSC to change rules for supervisory regulation on credit information firms

The Paypers

The Financial Services Commission has proposed a preliminary notice of rules change to establish reasonable standards for calculating data transfer fees in MyData.

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FOMC preview: Market expecting too much

American Banker

The Federal Open Market Committee's Summary of Economic Projections probably won't offer the 130 basis points of cuts next year that the market expects.

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Ebury acquires Prime Financial Markets

The Paypers

Ebury , a UK-based global financial technology firm, has announced the acquisition of financial services firm Prime Financial Markets based in South Africa.

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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.