The Financial Brand
APRIL 30, 2024
This article Why Credit Unions Are Buying Community Banks Faster Than Ever appeared first on The Financial Brand. More than a quarter of the bank acquisitions in the U.S. this year were led by credit unions — but these acquisitions often come with practical and cultural challenges. This article Why Credit Unions Are Buying Community Banks Faster Than Ever appeared first on The Financial Brand.
Payments Dive
APRIL 30, 2024
To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.
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South State Correspondent
APRIL 30, 2024
An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times. Community banks do this profitably by turning transactional accounts into relationships.
Payments Dive
APRIL 30, 2024
After the federal agency’s lawsuit landed Thursday, the Seattle bill-pay provider countered the allegations on Friday.
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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.
South State Correspondent
APRIL 30, 2024
An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times. Community banks do this profitably by turning transactional accounts into relationships.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
APRIL 30, 2024
Shareholder payouts grew 14 times faster than wages over past three years, says Oxfam report Shareholders have proved to be more successful at securing bumper payouts than workers have at winning higher pay, according to two studies that show dividends outstripping wages by a considerable margin in recent years. Oxfam said analysis of global data showed that dividend payments to shareholders over the last three years grew an average of 14 times faster than worker pay across 31 major economies.
Jack Henry
APRIL 30, 2024
For many Americans, these are challenging financial times. Sixty-six million have low to moderate incomes, 51 million grapple with income volatility, and more than seven million are unbanked, navigating today’s troubled waters without the help of a local financial institution. Together, these high-risk households pay more than $250 billion in service fees.
American Banker
APRIL 30, 2024
Consolidation has slowed since the pandemic, but UMB's agreement to buy Heartland Financial — the largest deal in three years — is one of several merger announcements in the past two weeks. Talks among other potential buyers and sellers are said to be picking up.
The Paypers
APRIL 30, 2024
HSBC has partnered with PayPal to introduce quantum-safe cryptography in the payments industry to address future cybersecurity threats.
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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
APRIL 30, 2024
HSBC is restructuring the organization by leaving some geographic territories, investing in tech and — most recently — undergoing a leadership change. The bank is looking for a replacement for Chief Executive Noel Quinn, HSBC Chairman Mark Tucker announced during today’s first-quarter earnings call.
American Banker
APRIL 30, 2024
Resolutions calling for more details about how the two banks protect Indigenous people's rights failed to win majority approval on Tuesday. JPMorgan Chase shareholders are scheduled to vote on a similar proposal next month.
BankInovation
APRIL 30, 2024
Santander Bank saved 50 million euros ($53.6 million) in the first quarter as the bank leaned into its tech investments for added efficiency.
American Banker
APRIL 30, 2024
In this month's roundup of top tech news: the impact of Synapse's bankruptcy on the banking-as-a-service industry, large language models best suited for banks, Discover deploys generative artificial intelligence in its contact center and more.
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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.
TheGuardian
APRIL 30, 2024
Chief executive’s departure sounds sensible enough but successor will inherit heavy strategic workload Chief executives at HSBC, like those at Barclays, have had a habit in recent years of leaving in dramatic circumstances. The last one, John Flint, was ousted by a chairperson, the current incumbent Mark Tucker, who had appointed him only 18 months earlier.
American Banker
APRIL 30, 2024
Climate models that purport to assess the risk of environmental damage faced by individual properties threaten to distort the market, despite having little demonstrable accuracy.
The Paypers
APRIL 30, 2024
The European Banking Authority (EBA) has unveiled a comprehensive Opinion aimed at tackling the evolving landscape of payment fraud within the European Union.
American Banker
APRIL 30, 2024
In this month's roundup of top banking news: Navy Federal Credit Union officially launches its overseas banking program, Republic First Bank in Philadelphia falls to capital troubles and investor outrage, deeper looks at talks between Discover and Capital One and more.
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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
APRIL 30, 2024
UK-based compliance company Sovos has introduced its Indirect Tax Suite, an integrated solution that modernises how companies meet indirect tax obligations.
American Banker
APRIL 30, 2024
The failure of Republic First isn't a systemic threat or even a surprise. But the conditions that led to its failure are not all that unique and may foreshadow a secular rise in bank consolidation — one that policymakers can either embrace or resist.
The Paypers
APRIL 30, 2024
UK-based alternative finance company Capify has secured a GBP 100 million credit facility for development plans and providing SMEs with working capital.
American Banker
APRIL 30, 2024
Though written before the internet era, the book about working at Salomon Brothers in the 1980s that launched Michael Lewis' writing career still holds important lessons about the true costs of success.
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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
APRIL 30, 2024
UK-based payment service provider TerraPay has entered a strategic collaboration with VM Money Transfer Services (VMTS) in a bid to increase financial inclusion in Jamaica.
American Banker
APRIL 30, 2024
A 50% growth in losses from check fraud last year is pushing bankers in Illinois to ask regulators for a joint supervisory guidance and tougher enforcement of large banks' "know your customer" compliance.
The Paypers
APRIL 30, 2024
Neonomics has announced its partnership with Qvik in order to scale Open Banking services to customers across the region of the Nordics and the UK.
American Banker
APRIL 30, 2024
Toronto-Dominion Bank has taken an initial provision of $450 million in connection with U.S. investigations into its anti-money-laundering practices and said it expects additional penalties to come.
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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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