American Banker
AUGUST 5, 2024
Shares in U.S. banks weren't immune to a global market sell-off, as worries mounted over whether the U.S. economy's recent resilience is faltering. The turmoil hit some tech stocks hard and led to the worst day for Japanese stocks since the 1980s.
Jack Henry
AUGUST 5, 2024
The Jack Henry™ 2024 Strategy Benchmark reveals the escalating competition among SMB and commercial enterprises, underscoring the potential consequences for unprepared financial institutions that fall behind.
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Payments Dive
AUGUST 5, 2024
The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.
South State Correspondent
AUGUST 5, 2024
If your bank is interested in baking more profitable commercial relationships – those customers with multiple bank products, where the bank holds over 50% of bank wallet, provides long-term sticky banking services and recognizes over 20% return on equity (ROE) – then the case study described in this article will be of interest to you. We highlight how a community bank won a commercial real estate (CRE) mortgage against multiple competitors, solidifying an existing relationship, extending term t
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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.
Payments Dive
AUGUST 5, 2024
The bank flagged government inquiries over its handling of P2P disputes in May, and said Friday it would consider litigation if the agency issues an enforcement action.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
AUGUST 5, 2024
The company said it raised a record $24.2 billion from services in the most recent quarter, a 14% year-over-year increase.
BankInovation
AUGUST 5, 2024
Big tech companies reported higher adoption of AI services in the second quarter, but investors want to see returns on those investments.
American Banker
AUGUST 5, 2024
Monday's market decline has sparked concerns of an economic downturn, calling attention to installment lenders that market to distressed consumers.
BankInovation
AUGUST 5, 2024
Carl Slabicki, managing director and co-head of global payments at BNY treasury services, is focused on keeping up with client demand by monitoring industry trends, innovating with the latest tech and prioritizing client engagement with products.
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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
American Banker
AUGUST 5, 2024
With the Consumer Financial Protection Bureau joining the growing list of top enforcement agencies recognizing the value in whistleblowing, companies should take heed and avoid any provisions in employment and severance agreements that in any way impede or penalize whistleblowers.
The Paypers
AUGUST 5, 2024
The CFPB has joined other federal financial regulatory agencies in proposing a rule to establish data standards for certain information collections submitted to these agencies.
American Banker
AUGUST 5, 2024
New executives were lined up for lenders across the country, including Fremont Bank in California.
The Paypers
AUGUST 5, 2024
China-based Tencent has announced its decision to suspend WeChat Pay Malaysia, aiming to centre its focus on catering to the needs of Chinese tourists in the Southeast Asian country.
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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.
American Banker
AUGUST 5, 2024
A long-time industry observer and bank regulation expert spells out the steps banks should take to ensure their fintech relationships are safe.
The Paypers
AUGUST 5, 2024
Google Pay, PhonePe, Amazon Pay, and Cred are seeking to join India's e-rupee pilot, aiming to boost digital currency adoption through their platforms.
American Banker
AUGUST 5, 2024
The guidance largely matches last summer's proposal, with clarifications around least-cost determinations, foreign bank resolutions and resolution strategies. Regulators also gave banks more time to file their living wills under the new framework.
The Paypers
AUGUST 5, 2024
France-based Next Generation has partnered with Ireland-based EMI DECTA to launch the Euro-pegged stablecoin, EURT, compliant with MiCA regulations.
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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.
American Banker
AUGUST 5, 2024
Judge Martin Glenn of the Federal Bankruptcy Court of the Southern District of New York greenlighted SVB Financial's bankruptcy plan Monday, but $1.93 billion in FDIC-held deposits remain contested pending further litigation.
The Paypers
AUGUST 5, 2024
Tuum has announced its partnership with ComplyAdvantage in order to deliver faster compliance, reduced risk, as well as optimised operational efficiency.
American Banker
AUGUST 5, 2024
Ent Credit Union in Colorado is using automated customer relationship management software from Creatio to help improve its employee-facing data management systems without the need for computer programmers.
The Paypers
AUGUST 5, 2024
Hong Kong-based Proxyrack has announced its partnership with Lithuanian-based regtech iDenfy in order to onboard new customers and users with accuracy and speed in mind.
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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.
American Banker
AUGUST 5, 2024
Bond traders now see a roughly 60% chance of an emergency quarter-point cut by the Federal Reserve within one week because of the market turmoil.
The Paypers
AUGUST 5, 2024
The Central Bank of the UAE ( CBUAE ) has imposed a financial sanction on a bank operating in the region for anti-money laundering lapses.
American Banker
AUGUST 5, 2024
Sen. Jack Reed, D-R.I., asked the Federal Reserve to require public reporting of synthetic risk transfers — also known as credit risk transfers, or CRTs — through bank call reports and systemic risk reports.
The Paypers
AUGUST 5, 2024
Digital payments platform SWiM PAY has announced the launch of 49 wallet-to-wallet currencies, allowing clients to make secure and efficient transactions worldwide.
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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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