Thu.Feb 06, 2025

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Love and lies: How financial institutions can help prevent confidence scams

Abrigo

The basics of confidence scam detection for banks and credit unions As Valentines Day approaches, many people are eager to find meaningful connections. Unfortunately, scammers take advantage of this time to exploit vulnerable individuals through confidence scams, one of the most prevalent and costly types of fraud in the U.S. Key topics covered in this post: How confidence scams work Red flags of a confidence scam Financial institutions' role in prevention Protecting clients, yourself, and you

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Treasury responds to concerns about Musk ‘meddling’

Payments Dive

A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.

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Investment accounting compliance: How technology helps

Abrigo

Meeting investment accounting and reporting requirements The right technology tools can help institutions manage investment accounting compliance and risk exposure across various investment types. Key topics covered in this post: Compliance risks of investment accounting Reducing "Key Person Risk" A single source of truth for pledging, collateral & risk management Faster closings and better decisions Streamlining regulatory adherence Financial institutions thrive on their ability to manage

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HSBC considering boosting new CEO’s pay package to £15m

TheGuardian

Planned overhaul would see Georges Elhederys salary cut, with bonuses potentially raising maximum pay by 43% The new chief executive of HSBC, Georges Elhedery, could scoop a maximum pay package worth more than 15m as part of a potential deal being put to its biggest shareholders. The banks remuneration committee is testing whether investors are receptive to an overhaul that would slash Elhederys salary but boost his potential bonus payouts and ultimately raise his maximum pay package by nearly 4

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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.

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Cannabis lending for financial institutions: Opportunities, risks, and best practices

Abrigo

This article covers these key topics: Types of lending needs cannabis companies have to build their businesses Understanding the risks and opportunities of CRB lending The challenges financial institutions face when working to increase cannabis lending How to seize the opportunity with a balanced approach to CRB lending Is lending to CRBs right for your institution?

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More Trending

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Navigating M&A accounting: key considerations for financial institutions

Abrigo

What financial institutions need to know before a merger or acquisition The resurgence of mergers and acquisitions (M&A) in the banking sector presents both exciting opportunities and complex financial challenges. With 43% of bank leaders indicating they are likely to acquire another institution by 2025, understanding the nuances of M&A accounting is critical to a successful transaction.

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NCR Voyix shifts chairman to CEO post

Payments Dive

The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.

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News Flash—Markets Don’t Dictate Premium Pricing [VIDEO]

The Emmerich Group

Every time I meet a new bank CEO, I hear the same thing Ive heard from thousands of other bank CEOs before. They say, Roxanne, its different here. Here, we have to measure rates. Here, we have pricing competition. Thats just how it is. Ill never forget meeting two gentlemen years agoone was the CEO, the other the president of a bank. They picked me up in their SUV as we headed to their kickoff meeting.

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Generative AI is the Netscape moment

ATM Marketplace

Generative AI isn't about replacing jobs. It's about enhancing workflows. It's the Netscape moment of our time.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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NVIDIA's survey highlights companies' view of AI

The Paypers

NVIDIA 's survey ‘State of AI in Financial Services’ has revealed that firms are using AI to boost revenue and discover new business prospects.

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U.S. real-time payments are set for a boost. Here's why.

American Banker

The lack of a government requirement has slowed adoption in the U.S., but there are signs demand is picking up.

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Access Bank Nigeria selects Integral's FX technology

The Paypers

Currency technology provider Integral has announced that Access Bank Nigeria integrated its solutions to support its regional expansion and improve its FX pricing and distribution abilities.

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Waller: Fed has 'dropped' wholesale CBDC concept

American Banker

The Federal Reserve is no longer exploring the idea of creating a new liability for interbank settlements. Instead, it is looking for ways to improve existing systems.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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First Citizens Bank and Sixth Street offer equipment financing solutions

The Paypers

First Citizens Bank has partnered with Sixth Street , a global investment firm, to launch Sixty-First Commercial Finance, a platform designed to provide flexible capital equipment financing solutions to middle-market companies.

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Bank customers still complain about crypto debanking

American Banker

Despite crypto-friendly signals coming from Washington, getting a bank account still appears to be a challenge for crypto businesses and investors.

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LuLu International Exchange partners with Fintech Galaxy

The Paypers

LuLu International Exchange has announced its partnership with Fintech Galaxy in order to provide customers in Bahrain with Open Banking Remittance.

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How to apply for the Best Banks to Work For 2025

American Banker

Registration is now open for American Banker's annual Best Banks to Work For awards.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Kuady partners with BridgerPay

The Paypers

Kuady has announced its partnership with BridgerPay in order to enhance payment solutions across the region of Latin America.

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Bankers say talent gap is in deploying, not building AI

American Banker

TD and Bankwell are among those hiring people who know how to implement and scale artificial intelligence among many use cases.

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Western Union and Penny Pinch launch international money transfer services

The Paypers

Western Union has partnered with Penny Pinch , a money services business, to launch international money transfer services in the Penny Pinch app.

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Banks ramp up lending to energy sector

American Banker

Oil and gas companies are borrowing to invest in more drilling and new processing facilities to meet rising global needs for U.S. fossil fuels. Several banks said energy loan demand is expected to strengthen further this year.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Gen Z and millennials prioritise security in luxury payments

The Paypers

Research conducted by Tink has found that a shift toward 'accessible luxury' is reshaping the high-end market, driven by millennials and Gen Z.

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After tariff-driven volatility, mortgage rates move lower

American Banker

The 30-year fixed rate mortgage continues to slip away from the 7% mark, Freddie Mac said, but experts still expect them to stay higher for longer.

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Yuno launches Mastercard Payment Passkey Service in Latin America

The Paypers

Yuno , a payment orchestration provider, has announced its plans to launch Mastercard Payment Passkey Service across Latin America, allowing merchants to improve the online checkout process and scale fraud protection.

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Developing Your Brand's Voice by Strengthening Your Brand Identity

Image Works Direct

At image.works, we spend a lot of time helping our clients troubleshoot their marketing problems. One of the most common challenges we hear about is: How do we stand out from our competitors? We offer a lot of the same things.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.