BankInovation
NOVEMBER 8, 2023
In the ever-evolving landscape of banking, the need for innovative customer-facing technology has never been more critical. Facing challenges like ongoing deposit competition and looming credit risk issues, banks must optimize their technology stacks to maximize efficiency, reduce costs, and seize opportunities for customer growth.
Payments Dive
NOVEMBER 8, 2023
Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5% in Q3 2019, according to a report from the Federal Reserve Bank of New York.
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CFPB Monitor
NOVEMBER 8, 2023
The CFPB has issued a proposed rule to supervise nonbank companies that qualify as larger participants in a market for “general-use digital consumer payment applications.” Comments on the proposal are due by January 8, 2024 or by the date that is 30 days after the proposal’s publication in the Federal Register, whichever is later.
Payments Dive
NOVEMBER 8, 2023
The restaurant fintech noticed “a modest slowdown” in same-store sales in the latter half of the third quarter that continued into October, the company’s CFO said Tuesday.
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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
NOVEMBER 8, 2023
On November 6, the CFPB filed a notice with the Texas federal district court that it is appealing to the Fifth Circuit the district court’s order granting summary judgment to a group of trade associations in their lawsuit against the CFPB challenging the changes made to its UDAAP Exam Manual in March 2022. .
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
NOVEMBER 8, 2023
Developers of lending and other banking tools powered by artificial intelligence say their firms are well positioned to weather regulatory changes, but remain mindful of how government agencies might respond.
Payments Dive
NOVEMBER 8, 2023
Jack Henry & Associates recorded an increase in the number of customers connected to the new Federal Reserve instant payments system, but they’re all in receive-only mode.
BankUnderground
NOVEMBER 8, 2023
Francesca Diluiso, Barbara Annicchiarico and Marco Carli While climate change is often seen as a long-term concern, climate mitigation policies can have different short-term effects, since they affect the transmission mechanism of conventional macroeconomic shocks. In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes.
American Banker
NOVEMBER 8, 2023
The bank has seen its balance sheet swell in recent years and this quarter could become the first U.S. bank to reach the $4 trillion mark. Analysts credit it as a well-run institution, but the megabank's growth is sure to play into ongoing debates over big-bank capital rules and "too big to fail.
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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
BankInovation
NOVEMBER 8, 2023
Digital bank Arc today rolled out its international treasury product, Arc Global Treasury, to serve global startups gravitating back toward digital banks, and away from big banks, following the bank crisis earlier this year.
TheGuardian
NOVEMBER 8, 2023
Strong competition for mortgage customers is putting pressure on its margins, NAB says Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , free app or daily news podcast National Australia Bank has recorded a strong lift in its cash profit to $7.7bn, while flagging that strong competition for mortgage customers has started to depress margins.
BankInovation
NOVEMBER 8, 2023
Steve Hagerman, chief information officer of consumer technology at Wells Fargo, will join the panel discussion “The AI revolution in banking: A road map for the future” at Bank Automation Summit U.S. 2024 on Monday, March 18, at 1:15 p.m. CT. View the full agenda for Bank Automation Summit U.S. 2024 here.
American Banker
NOVEMBER 8, 2023
The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.
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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.
BankInovation
NOVEMBER 8, 2023
Citibank has selected Akamai Technologies, a cloud-native security service provider, to fight fraud on its platform, according to BuiltWith, which tracks technology adoption and use among websites. Akamai “helps financial institutions manage financial aggregators, protect against malicious bot attacks and protect customer trust,” an Akamai spokesperson told Bank Automation News.
American Banker
NOVEMBER 8, 2023
NatWest is updating its chatbot, Cora, to make engagement more conversational, and Amex is working with the Canadian fintech Nuvei to promote bank-transfer payments to U.K. merchants.
The Paypers
NOVEMBER 8, 2023
UK-based digital business financial platform Tide has partnered with BT to support SMEs in accessing money management and saving solutions for their businesses.
American Banker
NOVEMBER 8, 2023
Citigroup didn't admit any wrongdoing in its settlement of allegations by regulators that employees denied credit cards to people in Southern California suspected of being of Armenian origin.
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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.
The Paypers
NOVEMBER 8, 2023
US-based PSCU and Co-op Solutions have announced their agreement to combine their products in order to develop a fintech services provider for credit unions.
American Banker
NOVEMBER 8, 2023
The Swedish buy now/pay later lender posted the firm's first quarterly profit in about four years, but an ongoing labor dispute raised questions about the company's future operations.
The Paypers
NOVEMBER 8, 2023
China-based JD.com has announced the launch of its JD Smart Check, an improved suite of authentication processes, for imported goods in the region.
American Banker
NOVEMBER 8, 2023
HSBC plans to offer institutional clients a custody service for digital assets such as tokenized securities, the bank's latest move in the new area of finance.
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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.
The Paypers
NOVEMBER 8, 2023
UK-based international payments service provider Ecommpay has partnered with GoCardless to include direct debit capabilities in its suite of payment methods.
American Banker
NOVEMBER 8, 2023
The top five have more than $1.3 trillion in combined total assets as of March 31, 2023.
The Paypers
NOVEMBER 8, 2023
Banking technology solutions provider Nymbus has selected DataVisor to offer fraud management solutions across its suite of digital banking offerings.
American Banker
NOVEMBER 8, 2023
The card network is expanding the range of its international consulting arm to include recommendations for how banks, merchants and payment processors can harness generative artificial intelligence.
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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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