South State Correspondent
OCTOBER 19, 2023
If you want to know if your bank has an alignment problem, ask ten co-workers, ”What is your bank’s brand value proposition? If 80% or more say close to the same thing – that is fantastic, and you are likely in the top 1% of bank performance. If 60% of your co-workers say the same thing, move on, as that is good enough not to prioritize bank alignment.
Payments Dive
OCTOBER 19, 2023
Federal Reserve Governor Michelle Bowman said the U.S. already has a “safe and efficient payment system” that could be disrupted by CBDCs or stablecoins.
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Abrigo
OCTOBER 19, 2023
Abrigo has been awarded a G2 “Leader” badge award for its loan origination and anti-money laundering solutions. Along with these recognitions, Abrigo won “Best Support” and “Easiest to Do Business With” badges for its loan origination platform. What is a G2 award, and why is Abrigo so proud of this win? G2 is the world’s largest and most trusted tech marketplace where users can discover, review, and manage software.
Payments Dive
OCTOBER 19, 2023
The card issuer is searching for a replacement after former CEO Roger Hochschild resigned abruptly in August.
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Abrigo
OCTOBER 19, 2023
Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. You might also like this whitepaper: "Protecting banking customers starts with you." DOWNLOAD Takeaway 1 Cybersecurity Awareness Month, in its 20th year, highlights the shared responsibility of everyone to safeguard their digital data and assets.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankUnderground
OCTOBER 19, 2023
Simon Lloyd, Daniel Ostry and Balduin Bippus How much capital flows move exchange rates is a central question in international macroeconomics. A major challenge to addressing it has been the difficulty identifying exogenous cross-border flows, since flows and exchange rates can evolve simultaneously with factors like risk sentiment. In this post, we summarise a staff working paper that resolves this impasse using bank-level data capturing the external positions of UK-based global intermediaries
Payments Dive
OCTOBER 19, 2023
When Al Kelly leaves the board in January, the company’s lead independent director, John Lundgren, is expected to become Visa’s new chairman.
TheGuardian
OCTOBER 19, 2023
Undeterred after being charged over separate demonstration, Thunberg joined fossil fuel activists outside JP Morgan in Canary Wharf UK politics live – latest updates Business live – latest updates Greta Thunberg has taken part in climate protests in London for the second time this week, protesting outside the JP Morgan headquarters in Canary Wharf. Apparently undeterred after being arrested and subsequently charged with a public order offence after a protest on Tuesday, the Swedish campaigner jo
Payments Dive
OCTOBER 19, 2023
The point-of-sale provider's latest features include menu and website copy generators, which are designed to automate operations and increase efficiency.
Advertiser: ZoomInfo
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.
Realwired Appraisal Management Blog
OCTOBER 19, 2023
I know you can run a world-class appraisal department…but will you? Can you focus on your health, get a business coach, or take an amazing vacation? I know you can, but will you? Once you see this distinction, it’s everywhere.
Jack Henry
OCTOBER 19, 2023
We took our “final lap” today at the Indiana Convention Center and hope you’ve enjoyed your time with us, because we’ve loved coming together with you to form connections in Indy.
CFPB Monitor
OCTOBER 19, 2023
The Board of Governors of the Federal Reserve (FRB) is holding an open meeting on October 25, 2023 to discuss proposed revisions to the Board’s debit interchange fee cap contained in Regulation II, which implemented the Durbin Amendment. For large issuers (with $10 billion or more in assets), Section 235.3(a) of Regulation II requires an issuer to charge interchange fees that are “reasonable and proportional to the cost incurred by the issuer with respect to the electronic debit transaction”
American Banker
OCTOBER 19, 2023
Ripple, Coinbase and Circle all received licenses to operate under the nation's stablecoin regulations, which offer more clarity than American rules do.
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BankBazaar
OCTOBER 19, 2023
In personal finance, budgeting is often viewed as a necessary but daunting task. For many, the very idea of creating a budget conjures up images of endless spreadsheets, complex formulas, and a whole lot of number crunching. But what if we told you that budgeting doesn’t have to be terrifying? Just like Dr. Frankenstein pieced together his monster, we’ll assemble a budget that’s not only manageable but also a vital tool for achieving your financial goals.
CFPB Monitor
OCTOBER 19, 2023
Our special guest is Zarik Khan, Founder and Managing Director of Finsolute Advisors. Congress is now considering whether to enact the CCCA, a bill that would require credit card issuers with assets over $100 billion to include at least two possible network processors on each card. We first look at the roles of the various parties involved in a typical transaction in which a consumer makes a purchase from a merchant using a credit card. .
Gonzobanker
OCTOBER 19, 2023
Could lending performance data be the secret to limitless growth? Most lenders have a decent handle on their data—at least, the data they know. However, many lenders struggle with accessing additional data that can help them get more loans and increase penetration in certain loan products. And because current data is frequently siloed, lenders who are unable to “read between the lines” of the data miss out on the ability to identify tangible outcomes.
CFPB Monitor
OCTOBER 19, 2023
Currently, California trial court proceedings are automatically stayed when a party appeals an order denying a motion to compel arbitration. However, on October 10, 2023, Governor Newsom signed California Senate Bill No. 365 (SB365) into law. Effective January 1, 2024, SB365 will amend California Code of Civil Procedure Section 1294 to state that “the perfecting of such an appeal [of an order denying a motion to compel arbitration] shall not automatically stay any proceedings in the trial cou
Advertiser: ZoomInfo
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American Banker
OCTOBER 19, 2023
Six weeks after unveiling a broad restructuring plan, the North Carolina bank said it has already taken several steps to lower expenses, and that various cost-reduction initiatives are on parallel paths.
CFPB Monitor
OCTOBER 19, 2023
The Consumer Financial Protection Bureau announced that it has entered into a Consent Order with Chime Inc., a nonbank fintech company, to settle alleged violations of the Electronic Fund Transfer Act (EFTA), Subpart B of Regulation E (Remittance Transfer Rule), and the Consumer Financial Protection Act (CFPA). The Consent Order requires Chime to refund approximately $1.4 million in fees to consumers and pay a $1.5 million civil money penalty to the CFPB. .
The Paypers
OCTOBER 19, 2023
US-based Intuit has announced the launch of QuickBooks Bill Pay, in order to expand its money platform and deliver B2B payments with AP automation to small businesses.
BankInovation
OCTOBER 19, 2023
Truist Financial continues its effort to save $750 million as the bank prioritizes efficiency and eliminates redundancies. The savings are to be addressed by: $300 million in reductions, $250 million in organizational alignment and $200 million in rationalizing technology spend, according to today’s earnings presentation. No specific examples of reductions were provided by the bank.
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American Banker
OCTOBER 19, 2023
The Department of Justice alleged that Ameris failed to open a single bank branch or provide home loans in minority neighborhoods in Jacksonville, Florida. Attorney General Merrick Garland said that many similar redlining investigations are currently underway.
BankInovation
OCTOBER 19, 2023
Discover Financial Services continues to invest in technology and advanced analytics within customer service, originations, risk and compliance, fraud detection and application processes. During the third quarter of 2023, the financial institution spent $149 million on information processing, an increase of 20% year over year, according to the its earnings presentation.
Bussman Advisory
OCTOBER 19, 2023
This week’s must-know stories in the FinTech, AI and Digital Asset space: Payments system cyber attack could cost the world $3.5 trillion OpenAI is in talks to sell shares at $86 billion valuation Reserve Bank Australia: tokenization could save US$11 billion annually in Australia Plus, 9 more exclusive stories to help you stay ahead of the curve!
BankInovation
OCTOBER 19, 2023
Fifth Third Bank is modernizing its platform to better serve clients while cutting costs amid uncertain macroeconomic conditions.
Advertiser: ZoomInfo
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