American Banker
SEPTEMBER 30, 2024
The Consumer Financial Protection Bureau's open banking rule is supposed to put small banks on a more even footing with their larger rivals. But PNC CEO Bill Demchak says larger banks' advantages in tech and economies of scale will win the day.
Payments Dive
SEPTEMBER 30, 2024
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
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South State Correspondent
SEPTEMBER 30, 2024
In Q2/24 the average return of asset (ROA) for community banks (under $10B in assets) was 1.08%. But within the community banking sector, performance varied among banks significantly and a large swath of banks need to improve ROA. While the average ROA was 1.08%, approximately 5.7% of community banks reported negative ROA. Another 16.2% of community banks reported a positive ROA of less than 0.50% – these are troubling results because the economy is growing, and non-performing assets ar
Abrigo
SEPTEMBER 30, 2024
Streamline fraud and AML efforts Financial institutions that combine fraud and AML/CFT alerts into a single transaction monitoring system can strengthen defenses and improve efficiency. You might also like this 6-step guide for compliance with new AML/CFT program rules. DOWNLOAD Takeaway 1 Shared AML case management helps streamline processes, reduce duplication, and improve communication between fraud and AML/CFT teams.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
American Banker
SEPTEMBER 30, 2024
Instant payment adoption in the U.S. is growing but still trails countries such as Brazil and India. Generative artificial intelligence could be the key to help financial institutions accelerate payment velocity.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
SEPTEMBER 30, 2024
In September's roundup of top banking news: Check fraud goes viral at JPMorgan Chase, Truist Financial resets its tangible common equity target, Wells Fargo faces new AML woes and more.
The Paypers
SEPTEMBER 30, 2024
Global mobility app inDrive has launched inDrive Money, a financial product in Colombia that offers drivers income-based loans via the app in partnership with fintech R2.
American Banker
SEPTEMBER 30, 2024
Federal regulators have rewritten the rules for bank mergers in a way that will discourage the kinds of deals necessary to preserve healthy regional banks.
BankInovation
SEPTEMBER 30, 2024
First Citizens Bank and Silicon Valley Bank are slowly integrating their tech stacks while keeping their individual digital road maps relatively separate. “There has been a period of isolation where First Citizens wanted us to complete our digital journey and road map,” Milton Santiago, head of global digital solutions at SVB, told Bank Automation News. […] The post First Citizens, SVB taking integration slowly appeared first on Bank Automation News.
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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.
American Banker
SEPTEMBER 30, 2024
Banks in the hurricane's path are focused on finding employees and restarting operations. Those that do business in Western North Carolina are facing an especially grueling recovery.
BankInovation
SEPTEMBER 30, 2024
Esquire Bank considers client needs when determining where to invest in products and innovation. The New York-based bank, which provides small businesses lending and litigation finance, is working on customized lending for its litigation platform that is expected to roll out early next year, Chief Executive Andrew Sagliocca tells Bank Automation News on this episode […] The post Podcast: Esquire Bank to launch lending platform in 2025 appeared first on Bank Automation News.
American Banker
SEPTEMBER 30, 2024
Citigroup, First National Bank and Marqeta headlined some of the biggest changes in executive leadership in the banking, fintech and payments industries.
The Paypers
SEPTEMBER 30, 2024
Middle East-based payment solutions provider Magnati has entered a strategic agreement with RAKBANK to introduce a merchant financing platform.
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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
SEPTEMBER 30, 2024
The bill would have forced several restrictions on the largest AI model providers, including a so-called "kill switch." A new version could restrict the riskiest uses of AI, such as for loan and hiring decisions.
The Paypers
SEPTEMBER 30, 2024
allpay cards has announced its partnership with Enfuce in order to accelerate fintech optimisation with MyCard Solution for customers in the UK.
American Banker
SEPTEMBER 30, 2024
Digital Federal Credit Union and First Tech Federal Credit Union, among the largest in the country, originated from technology companies.
The Paypers
SEPTEMBER 30, 2024
PayPal has introduced its Complete Payments platform in China, following the earlier launch of its rewards system, PayPal Everywhere.
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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
SEPTEMBER 30, 2024
An American Bankers Association panel of forecasters predicted slower growth, but it said the U.S. economy would likely avoid a recession, sparing lenders deep credit quality woes.
The Paypers
SEPTEMBER 30, 2024
NPCI International Payments Limited ( NIPL ) has signed an agreement with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to launch a real-time payment platform.
American Banker
SEPTEMBER 30, 2024
The National Community Reinvestment Coalition and four fintechs want the agencies to act on the White House's executive order on AI with guidance on beneficial applications of machine learning.
The Paypers
SEPTEMBER 30, 2024
The Financial Conduct Authority (FCA) has been consulting on proposals to scale consumer protection when payments and e-money companies cease their operations.
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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
SEPTEMBER 30, 2024
Travis Hill says holistic metrics for assessing bank mergers introduce unnecessary unpredictability and deviate from established measures of competition. Hill also provides insight on the status of the stalled Basel endgame proposal.
The Financial Brand
SEPTEMBER 30, 2024
This article Could Walmart Move Accelerate Instant Payments, Cutting Out Mastercard and Visa? appeared first on The Financial Brand. Experts forecast what it could mean to banks when the nation's largest retailer offers instant payment options to customers via pay by bank. This article Could Walmart Move Accelerate Instant Payments, Cutting Out Mastercard and Visa?
American Banker
SEPTEMBER 30, 2024
Federal Reserve chair Jerome Powell flagged a recent upward revision to income and savings data as a sign of economic strength. He said the information could factor into the central bank's monetary policy discourse during the Fed's next interest rate meeting in November.
The Paypers
SEPTEMBER 30, 2024
Carmoola's new deal with NatWest expands customer access to affordable car finance, eliminating fees and streamlining the buying process directly.
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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.
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