Abrigo

NOVEMBER 22, 2024

Strategies for writing a better SAR narrative With over two million suspicious activity reports (SARs) filed annually, how do you write a SAR narrative that will stand out to law enforcement? AML/CFT analysts can spend hours or days filing SAR reports, but every SAR filed is a tool to help law enforcement connect the dots in broader investigations. To make each SAR count, it's essential to understand what makes a SAR narrative effective.

Report 195

Report Regulation Compliance Resources 195

Payments Dive

NOVEMBER 22, 2024

The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

Regional 243

Regional 243

Abrigo

NOVEMBER 22, 2024

Evaluating the FRAML approach For years, financial institutions have debated the merits of combining fraud and anti-money laundering (AML) functions into a single department in what's known as a FRAML approach. The idea is simple: bring fraud and AML into one program to boost effectiveness, save costs, and streamline financial crime detection. With fraud rates surging and FinCEN designating fraud as a National Priority , combining these functions under the same umbrella could be a game-changer.

Fraud 195

Fraud Training Risk Management Compliance 195

Payments Dive

NOVEMBER 22, 2024

More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed.

Payments 221

Payments Survey System 221

Advertisement

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.

Groups

Jack Henry

NOVEMBER 22, 2024

Maintaining accurate and up-to-date records for a large volume of loans can be complex. If you think about how much tracking goes into monitoring the entire process of creating and approving loans, it can be overwhelming. It’s also critical not to waste time and effort, getting stuck in some manual step that might not even be necessary anymore.

Management 88

Management Innovation Lending 88

TheGuardian

NOVEMBER 22, 2024

Despite new rules, many lenders have decided to implement the optional exemption Some victims of bank transfer scams will not get a penny back despite beefed-up rules designed to better protect consumers from fraudsters, because several big banks have introduced an excess on refund claims. New rules requiring banks and other payment companies to reimburse fraud victims who have been tricked into sending money to scammers took effect last month , and included an optional £100 excess that firms ca

Fraud 47

Fraud Payments Company 47

American Banker

NOVEMBER 22, 2024

The Federal Reserve released the volume of activity on its instant payments network since its launch last summer, showing a surge in usage between July and August.

Payments 76

Payments Compliance Regulation 76

The Paypers

NOVEMBER 22, 2024

The US Department of the Treasury’s Bureau of the Fiscal Service has announced the selection of BNY as the financial agent for the Direct Express program.

US 41

US 41

American Banker

NOVEMBER 22, 2024

A punitive tax on payments sent overseas to the families of immigrants would have a cascading set of consequences — all of them bad.

Policies 65

Policies Taxes Payments Compliance 65

Advertisement

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

Community Bank

The Paypers

NOVEMBER 22, 2024

Montenegro and Albania have become the first-ever enlargement countries to join the geographical scope of the Single Euro Payments Area ( SEPA ).

Payments 41

Payments 41

American Banker

NOVEMBER 22, 2024

While the risks, benefits and magnitude of artificial intelligence's impact on financial services remain unclear, agencies should keep an open mind toward the technology and avoid reflexive risk aversion in bank supervision, Federal Reserve Gov. Michelle Bowman said.

Regulation 45

Regulation Technology 45

The Paypers

NOVEMBER 22, 2024

Financial technology platform Adyen has announced its collaboration with Spendesk , with the two companies aiming to support the advancement of embedded financial services.

Financial Technology 36

Financial Technology Technology Company 36

American Banker

NOVEMBER 22, 2024

The Columbus, Ohio-based regional launched Lift Local Business in October 2020 with a $25 million ceiling. Four years and $133 million later, the program is still going strong.

Columbus 36

Columbus Ohio Lending Regional 36

Advertisement

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.

Lending

The Paypers

NOVEMBER 22, 2024

Mastercard has announced its partnership with Fundbot in order to accelerate payments between buyers and suppliers across multiple markets.

Payments 41

Payments Marketing 41

American Banker

NOVEMBER 22, 2024

The Federal Reserve released additional information about its periodic review of its monetary policy strategy, tools and communications framework; TD Bank Group announced Michelle Myers will succeed Anita O'Dell as global chief auditor; Provident Financial Services will expand its commercial lending team; and more in this week's banking news roundup.

Policies 36

Policies Lending Tools Strategy 36

The Paypers

NOVEMBER 22, 2024

NICE Actimize has announced its partnership with TF Bank in order to elevate the latter’s financial crime prevention programme through AML and SaaS solutions.

36

36

American Banker

NOVEMBER 22, 2024

The Dallas bank is replacing longtime CEO Scott Kavanaugh, who stepped down Thursday, with veteran banking executive Thomas Shafer. Shafer previously led Chemical Bank, which was acquired by TCF Financial in 2019.

Dallas 36

Dallas Strategy Industry 36

Advertisement

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

Cards

The Paypers

NOVEMBER 22, 2024

ACI Worldwide , a global provider of payments technology, has released its latest Scamscope report, showing that APP scam losses will reach USD 7.6 billion by 2028.

Technology 36

Technology Report Payments 36

American Banker

NOVEMBER 22, 2024

In its latest financial stability report, the Federal Reserve warned high equity valuations and low levels of liquidity could leave the financial system vulnerable to shocks.

System 36

System Report Policies Compliance 36

The Paypers

NOVEMBER 22, 2024

NCBA has entered a strategic partnership with Xpress Money , an international payment solutions provider, to improve remittance services for its diaspora customers.

Payments 36

Payments 36

American Banker

NOVEMBER 22, 2024

The niche buy now/pay later firm is looking for differentiation in a crowded market with recognizable brands like Klarna, Affirm and Afterpay.

Branding 41

Branding Cards Fintech Marketing 41

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Community Bank

The Paypers

NOVEMBER 22, 2024

The United Kingdom has moved forward with its plans to introduce a draft regulatory framework for cryptocurrency assets in early 2025.

cryptocurrency 41

cryptocurrency 41

American Banker

NOVEMBER 22, 2024

A sale would mark a swift retreat from the intensely competitive credit card business, where Ally competes with giant players such as Capital One.

Cards 36

Cards Capital Industry 36

The Paypers

NOVEMBER 22, 2024

NICE Actimize has announced its partnership with TF Bank in order to elevate the latter’s financial crime prevention program through AML and SaaS solutions.

36

36

American Banker

NOVEMBER 22, 2024

Canada's banking regulator is beefing up its rules on corporate culture, saying that it expects executives and boards to be accountable.

Regulation 36

Regulation Management Compliance 36

Advertisement

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.

Analysis