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
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.
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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
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.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Paypers
SEPTEMBER 30, 2024
Fintech FIS has provided an end-to-end loyalty programme management platform for US-based Commerce Bank , allowing customers to redeem loyalty points and the point of sale.
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.
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
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.
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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
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 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.
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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
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
Middle East-based payment solutions provider Magnati has entered a strategic agreement with RAKBANK to introduce a merchant financing platform.
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.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
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.
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
Halan , a financial super app in Egypt, has announced a strategic partnership with Truecaller , a global platform known for verifying contacts and blocking unwanted communications.
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.
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
The Paypers
SEPTEMBER 30, 2024
BUSINESSNEXT has entered into a partnership with MongoDB to enhance autonomous operations in the banking and insurance sectors through the use of predictive and generative AI.
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 Paypers
SEPTEMBER 30, 2024
The Philippine Statistics Authority ( PSA ) has partnered with GoTyme , a Filipino digital bank, to offer banking services to Filipinos who have successfully registered for their National ID.
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?
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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
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