ABA Community Banking
FEBRUARY 25, 2025
The banking industry reported an aggregate net income of $66.8 billion in the fourth quarter of 2024, according to the FDICs most recent Quarterly Banking Profile. In addition, the agency ended reporting on the aggregate assets of institutions on the Problem Bank List. The post Quarterly Banking Profile: Banking net income $66.8 billion in Q4 2024 appeared first on ABA Banking Journal.
Abrigo
FEBRUARY 25, 2025
Manual back-end steps bog down loan approvals Financial institutions can make financial analysis, risk rating, pricing, and other steps for processing small business loans less painful. Automating the key steps that often occur in the back office leads to faster decisions, stronger customer or member relationships, and more profitable lending to small businesses.
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Accenture: Banking
FEBRUARY 25, 2025
The use of AI in the payments industry is not a new phenomenon. In fact, Accentures recent Payments Technology Reinvention Study shows that leading banks are already investing significantly in AI and generative AI and have managed to automate 40% of manual tasks in their payments business. Advancements in speech recognition, image generation and machine The post Unlocking the value of generative AI in commercial payments appeared first on Accenture Banking Blog.
Payments Dive
FEBRUARY 25, 2025
The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.
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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.
William Mills
FEBRUARY 25, 2025
As we transition from 2024 to 2025, the banking industry continues to evolve, but theres still plenty of room for improvement. In the second installment of our client predictions blog series, we've gathered insights from industry leaders on the key areas that could see significant improvements in the coming year. Our clients share their thoughts on how banks can adapt and improve to meet the rising demands of both technology and customer expectations.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
William Mills
FEBRUARY 25, 2025
As we transition from 2024 to 2025, the banking industry continues to evolve, but theres still plenty of room for improvement. In the second installment of our client predictions blog series, we've gathered insights from industry leaders on the key areas that could see significant improvements in the coming year. Our clients share their thoughts on how banks can adapt and improve to meet the rising demands of both technology and customer expectations.
Payments Dive
FEBRUARY 25, 2025
Jamie Miller added the new responsibilities as she teams with CEO Alex Chriss to give the digital payments pioneer a bigger role in commerce.
The Paypers
FEBRUARY 25, 2025
American Express has announced its partnership with Alipay in order to enable payments at multiple merchants across the region of mainland China.
American Banker
FEBRUARY 25, 2025
The collaboration will enable the payment company's Fastlane system to reach merchants in the U.K. and Europe, addressing a need to scale the product quickly.
Advertiser: Trellis
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The Paypers
FEBRUARY 25, 2025
Nexi Germany has signed a contract with EPI, allowing it to connect merchants and service providers for Wero acceptance as a licensed payment service provider
ABA Community Banking
FEBRUARY 25, 2025
Bank acquisitions announced by Old Second Bancorp in Aurora, Illinois, Yoakum National BancShares in Yoakum, Texas, and Rio Financial Services in McAllen, Texas. The post Banks announce acquisitions in Illinois, Texas appeared first on ABA Banking Journal.
The Paypers
FEBRUARY 25, 2025
Nexi has signed a contract with EPI, allowing it to connect merchants and service providers for Wero acceptance as a licensed payment service provider.
American Banker
FEBRUARY 25, 2025
Much of the conversation about artificial intelligence in banking focuses on compliance. But we should seriously consider the potential AI-powered regulation could have to deliver more adaptive and responsive oversight.
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.
The Paypers
FEBRUARY 25, 2025
Fintech firm Embat , specialising in real-time treasury management, has acquired Necto , a US-based company known for its expertise in premium bank API connectivity.
American Banker
FEBRUARY 25, 2025
Big banks are investing in quantum computing. What does that mean for the future of finance? And, more importantly, will they ever become useful?
The Paypers
FEBRUARY 25, 2025
Bank of Bahrain and Kuwait has announced a partnership with JP Morgan Chase Bank to modernise cross-border payments using AI.
American Banker
FEBRUARY 25, 2025
The Champaign, Illinois-based bank said Jeffrey Jones stepped down from his post days before it could close its acquisition of CrossFirst Bankshares. Jones' exit was not deal related, Busey said.
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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.
The Paypers
FEBRUARY 25, 2025
Illegal marketplace and carding website B1ack’s Stash has allegedly released a free giveaway of over 1 million stolen credit cards to its users.
American Banker
FEBRUARY 25, 2025
Donna Ferrato stopped paying her mortgage more than 15 years ago, yet she's still living in her Manhattan condo. Her case is part of a broader power struggle between mortgage lenders and homeowners in New York state.
The Paypers
FEBRUARY 25, 2025
omnispay , a UAE-based fintech company focused on innovating SME payments, has raised USD 1.5 million in seed funding to further its mission of helping SMEs in the GCC region.
American Banker
FEBRUARY 25, 2025
The fintech, which works with and competes with banks, will now let business users book travel and manage expenses in one place.
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The Paypers
FEBRUARY 25, 2025
Rizal Commercial Banking Corporation ( RCBC ) has launched a SoftPOS solution in collaboration with fintech provider Soft Space.
American Banker
FEBRUARY 25, 2025
During his final week as the Federal Reserve's top regulator, Michael Barr outlined several proposals that he believes would bolster the financial system against emerging risks.
The Paypers
FEBRUARY 25, 2025
Singapore-based cryptocurrency mining hardware manufacturer Bgin Blockchain Limited has filed for an IPO in the United States, aiming to raise up to USD 50 million.
American Banker
FEBRUARY 25, 2025
The Illinois company plans to acquire neighboring Bancorp Financial in a cash-and-stock transaction that would form the second largest community bank in the Chicago area.
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