American Banker
JANUARY 8, 2024
The KBW Bank Index posted a strong gain after a government report showed employers added 216,000 jobs in December. The labor market strength bodes well for lenders' credit quality but may delay highly anticipated interest rate cuts that would lower banks' funding costs.
Payments Dive
JANUARY 8, 2024
The card network company is boosting efforts to enforce surcharge rules, with non-compliance potentially resulting in fines up to $1 million, according to one card processor.
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TheGuardian
JANUARY 8, 2024
Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied Ukraine An oligarch who has supplied building materials to the Russian military machine and for construction in occupied areas of Ukraine is being assisted by Morgan Stanley and Allen & Overy in his attempt to gain control of a huge Russian oil asset, the Guardian can reveal.
Payments Dive
JANUARY 8, 2024
The company, which provides payment and software services to the public sector, is seeing increased client interest in digital disbursements such as prepaid debit cards, said Sloane Wright, Tyler’s president of payments.
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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.
CFPB Monitor
JANUARY 8, 2024
The CFPB recently issued a rule to adjust maximum penalty amounts under various statutes that it administers. Included among the adjustments are the amounts for the three tiers of civil money penalties that the CFPB may impose for violations of consumer financial protection laws under the Dodd-Frank Act. Specifically, the Dodd-Frank Act initially provided for the following tiers of civil money penalties: For any violation of a law, rule, or final order or condition imposed in writing by the CFPB
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
JANUARY 8, 2024
The Federal Housing Finance Agency (FHFA) recently published a FHFA Insights blog post that cites the underutilization of appraisal time adjustments by appraisers. The FHFA states that “[i]n principle, appraisers can consider price changes that have occurred since the time the [comparable properties used in the appraisal] sold and make adjustments known as market conditions adjustments or time adjustments.
BankInovation
JANUARY 8, 2024
CaixaBank is deploying AI as a ‘cognitive assistant’ to personalize the bank’s services and streamline back-end processes. The $678 billion CaixaBank developed its own AI-driven assistant that can process direct debit refunds to eliminate the labor-intensive manual task, a spokesperson for the Madrid, Spain-based bank told Bank Automation News.
CFPB Monitor
JANUARY 8, 2024
On October 16 of last year, I reported that Eric Halperin, Enforcement Director of the CFPB, announced that the CFPB intended to substantially increase the number of enforcement staff by 50% and to create a 5th litigation team. He explained: “These additional resources will enable us to open more investigations, including matters with significant market impact and against large market actors, consistent with the Bureau’s priorities.
BankInovation
JANUARY 8, 2024
Citizens Financial Group’s Citizen Pay is developing a new product offering to further enhance the platform’s ability to facilitate secure transactions as demand for contactless payments and digital wallets continues to tick up for e-commerce.
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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
The Paypers
JANUARY 8, 2024
B2B foreign trade financial service provider XTransfer has launched expanded its business to over 200 countries and regions to serve SMEs in cross-border trade.
Jack Henry
JANUARY 8, 2024
Discover how to captivate accountholders and streamline employee efficiency.
American Banker
JANUARY 8, 2024
Many of the attack vectors, including ransomware and phishing, will likely continue to plague the industry through 2024.
BankInovation
JANUARY 8, 2024
Citizens Financial Group’s Citizens Pay is developing a new product offering to further enhance the platform’s ability to facilitate secure transactions as demand for contactless payments and digital wallets continues to tick up for e-commerce.
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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
JANUARY 8, 2024
The legislation is the latest step in California's effort to crack down on high-cost small-business loans.
Commercial Lending USA
JANUARY 8, 2024
We delve into the world of hotel and hospitality business loans, exploring the various facets that business owners should consider.
American Banker
JANUARY 8, 2024
The Federal Reserve would seem to offer a compelling alternative to the bank-backed RTP network, but some credit unions — which typically see bank systems as competitive threats — are making more nuanced choices.
The Paypers
JANUARY 8, 2024
Ant Group has announced the closing of its deal to acquire Netherlands-based MultiSafepay for USD 200 million deal-sources, in order to expand into the Western market.
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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
JANUARY 8, 2024
With the retirement of Rep. Blaine Luetkemeyer, R-Mo., the number of Congressional representatives with direct banking experience is becoming increasingly rare.
The Paypers
JANUARY 8, 2024
India-based Hitachi Payment Services has completed the purchase of Writer Corporation ’s cash management business and brands it Hitachi Cash Management Services.
American Banker
JANUARY 8, 2024
Banks need to mount an aggressive legal response to the onslaught of intrusive new rules being promulgated by their prudential regulators.
The Paypers
JANUARY 8, 2024
Orange Finances Money Mali has teamed up with Terrapay to facilitate Malians to make cross-border payments with the diaspora across the globe.
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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
JANUARY 8, 2024
Bank technologists and fintech leaders who are bringing fresh ideas to life will be considered for this annual award.
The Paypers
JANUARY 8, 2024
India-based BaaS startup Decentro has launched its Penniless Bank Account Verification API in order to enable firms to save time and onboarding costs for new clients.
American Banker
JANUARY 8, 2024
Fintech founders and leaders and those who help them can qualify for this second annual award program.
The Paypers
JANUARY 8, 2024
Qatar-based Ooredoo has partnered with Commercial Bank in order to launch a direct debit solution through the CBQ Mobile App, for secure and efficient bill payments.
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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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