Mon.Aug 26, 2024

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Do risks lurk in your CECL model? Risk assessments identify and address potential issues

Abrigo

CECL model risk assessments Possible areas of material misstatement in a CECL model can be identified with a risk assessments. You might also like this webinar: "Conducting an effective Q factor framework." WATCH Takeaway 1 The forward-looking CECL approach to estimating the allowance for credit losses introduces risks that auditors and examiners are scrutinizing.

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Consumers tap credit cards, loans to manage inflation: Fed report

Payments Dive

Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.

Report 448
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Loan Risk and Return – The Two Loan Riddle

South State Correspondent

It is rare that banking lends itself to a logic test, but we have been trying this loan risk and return riddle on hundreds of bankers across the country for years, and only a few bankers choose the correct answer. The riddle goes like this: You are presented with two loans. Loan A is priced at SOFR plus 1.50%, and Loan B is priced at SOFR plus 3.50%.

Analysis 195
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Aeropay targets pay-by-bank evolution in US

Payments Dive

The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.

Chicago 243
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Barclays enlarges half-year bonus pool for first time since 2021

TheGuardian

Rise to £675m after lifting EU bonus cap suggests lender may increase payouts to high-performing bankers Barclays has bulked up its half-year bonus pool for the first time in three years, raising bankers’ hopes of bigger annual payouts after the lender formally scrapped the EU bonus cap this month. The bank put £675m towards its bonus pool in the first six months of 2024, according to Barclays filings.

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TD accepting applications for 2024 TD Ready Challenge

BankInovation

TD Bank has been investing in innovation through patent filings, AI and generative AI efforts in recent months. As the bank invests in technology internally, its innovation with third-party companies continues through its annual TD Ready Challenge, Paige Carlson-Heim, head of U.S. social impact, told Bank Automation News.

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Tokenized account numbers are a serious threat to open banking

American Banker

The proposed Inclusion of TANs within the CFPB's Section 1033 rule is a mistake that threatens to undermine the security of financial transactions and undercut consumer choice and competition.

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Vilja adds deposit services for Austria and Ireland to its Vilja Platform

The Paypers

Nordic cloud-native core banking platform vendor Vilja has announced its decision to add deposit solutions for Austria and Ireland to its Vilja Platform.

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Can JPMorgan Chase tap food delivery to boost card payments?

American Banker

The largest issuer in the U.S. has added consumer perks to its collaboration with DoorDash in an effort to expand relationships in its payments business.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Weyay Bank launches multicurrency card for digital users

The Paypers

Weyay Bank has launched a new Multicurrency Prepaid Card designed for its digital banking app users.

Cards 63
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For community banks, rate cuts present positives and perils

American Banker

Lower interest rates could bolster loan demand, credit quality and securities portfolios. But they could also curb lending profitability faster than they ease deposit costs, crimping net interest margins and eating into near-term profits.

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Fintech Funding: North American firms take most of H1 investment

BankInovation

Fintech funding hit a four-year low globally in the first half of 2024, but nearly three-quarters of the money raised went to North America, followed by Europe. North America firms raised 69% of the $51.

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Judge sides with CFPB on challenge to small-business lending rule

American Banker

A federal judge excoriated banks for inflating data in a challenge to the Consumer Financial Protection Bureau's data collection on small-business loans.

Lending 53
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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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IKEA to launch second-hand marketplace 'IKEA Preowned'

The Paypers

Sweden-based retailer IKEA has announced the launch of a peer-to-peer marketplace, IKEA Preowned, in Madrid and Oslo for second-hand furniture sales.

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FDIC fights latest challenge to the use of in-house judges

American Banker

The Federal Deposit Insurance Corp. is trying to limit the impact of a Supreme Court decision that curtailed federal agencies' use of administrative law judges.

FDIC 36
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Banking Circle launches bank-backed MiCA-compliant stablecoin, EURI

The Paypers

Tech-driven payments bank Banking Circle has announced the launch of EURI, a stablecoin compliant with the Markets in Crypto Assets Regulation (MiCA).

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FHFA may lower some Fannie Mae, Freddie Mac housing goals

American Banker

The latest proposal for the two government-sponsored enterprises' affordable housing targets scales down some benchmarks for a tough market, but also raises one.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Shift secures USD 23.6 million in Series D funding round

The Paypers

Australia-based credit and payment products provider Shift has announced that it closed a USD 23.6 million Series D funding round led by Peak XV Partners.

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How To Use Social Media as a Branding Tool

Image Works Direct

When it comes to using social media for a business, a common mistake is thinking of it as a sales aid. However, social media is much more valuable as a branding tool! Your page shouldn’t be a constant stream of promotions. Instead, it should be used as a reminder of who you are, what you stand for and where you fit into the market.

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Commvault expands its cybersecurity ecosystem with integration partners

The Paypers

Commvault , a provider of cyber resilience and data protection, has revealed an expansion of its cybersecurity and data security through new partnerships.

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MoneyGram names new chief digital officer to 'fast-track' tech

American Banker

The cross-border payments company appointed its first chief digital officer in April 2023 in its push to design products more intentionally for consumers.

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Outsource With Confidence for RDC Program Success

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.

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TBCASoft's Dynamic-QR boosts HIVEX acceptance in Japan

The Paypers

US-based TBCASoft , a cross-border mobile payment solutions provider, has launched its new Dynamic-QR service for the HIVEX Network in Japan.

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Apple’s Open NFC May Benefit Some Payment Providers, But ID Applications Are the Real End Game

The Financial Brand

This article Apple’s Open NFC May Benefit Some Payment Providers, But ID Applications Are the Real End Game appeared first on The Financial Brand. PayPal stands to gain in the short term. But a gold rush in identification services is the long-term play. This article Apple’s Open NFC May Benefit Some Payment Providers, But ID Applications Are the Real End Game appeared first on The Financial Brand.

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Deutsche Bank reconciles with plaintiffs in Postbank acquisition litigation

The Paypers

Germany-based financial institution Deutsche Bank has announced that it reached reconciliation with a part of the plaintiffs who made accusations in Postbank ’s acquisition.

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Commercial Deposits Are Finally on the Rebound: How to Ride the Rising Tide

The Financial Brand

This article Commercial Deposits Are Finally on the Rebound: How to Ride the Rising Tide appeared first on The Financial Brand. After six straight quarters of declines, commercial deposits are starting to bounce back. Three key bank strategies will drive further growth. This article Commercial Deposits Are Finally on the Rebound: How to Ride the Rising Tide appeared first on The Financial Brand.

How To 33
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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.