South State Correspondent

MAY 9, 2024

As the risk of a recession gets pushed out by the market, so does the risk of credit. This is not to say bank credit is without risk, as higher rates, inflation, and a slowing economy have taken their toll. Three essential credit metrics – probabilities of default (POD), POD rate of change, and POD volatility- materially increased from 2023. In this article, we look at what is happening at the state level, at 30 common industries where credit risk is rising, and at 30 industries where credit ris

Data 195

Data Trends North Dakota Capital 195

Payments Dive

MAY 9, 2024

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

System 417

System Payments 417

Jeff For Banks

MAY 9, 2024

Are conferences more than a vacation? Last week I attended two back-to-back banking conferences and it was apparent that attendance was down. This is the likely reaction to banks' profit challenges resulting from net interest margin pressures that are due to slowly repricing loans accompanied by ever faster repricing deposits. Let's tighten our belts to offset revenue decline.

Conference 106

Conference Community Bank Community Tools 106

BankInovation

MAY 9, 2024

Financial institutions that think about efficiency and growth when considering tech spend can respond quickly to merger and acquisition opportunities, Danny Baker, vice president of market strategy at technology provider Fiserv, told Bank Automation News. “Successful banks, when they think about their technology investment, they don’t think about efficiency from a penny-pinching [perspective],” he said.

Marketing Strategies 87

Marketing Strategies Strategy Technology Marketing 87

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

The Paypers

MAY 9, 2024

Visa has launched Visa Account Attack Intelligence (VAAI) to combat card testing attacks, reducing fraud and operational losses in real-time for US issuers.

Fraud 93

Fraud US Cards Operations 93

BankInovation

MAY 9, 2024

Investing platform Robinhood added more than $3.4 billion through its automated customer account transfer service in the first quarter, up 100% quarter over quarter.

Meeting 65

Meeting Company Cards Management 65

American Banker

MAY 9, 2024

Executives of Allegiant, Breeze and Spirit complained to the heads of the Consumer Financial Protection Bureau and Department of Transportation that the relationships between big banks and big airlines are anticompetitive. Consumer advocates also questioned whether large airlines are delivering on promised rewards and if consumers are racking up debt to accrue miles and points.

Cards 78

Cards Payments 78

BankInovation

MAY 9, 2024

Jack Henry invested in automation technology, grew its client base and explored AI during its fiscal third quarter, which ended March 31. The tech provider is working on a cloud-native online deposit and loan account opening solution, Chief Operating Officer and incoming Chief Executive Gregory Adelson said during Jack Henry’s May 8 earnings call.

Online 57

Online Operations Technology 57

American Banker

MAY 9, 2024

Depositors are still flocking to online-only banking platforms offered by companies such as Ally, Capital One and Discover. But overall customer satisfaction took a "statistically significant" drop, according to a new J.D. Power report.

Digital Banking 74

Digital Banking Capital Online Report 74

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

Bussman Advisory

MAY 9, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post BBVA charges forward with hostile bid for Sabadell | US banks explore multi-asset settlement using DLT | JP Morgan taps Visa for faster payments appeared first on Bussmann Advisory AG.

US 52

US Payments Fintech blockchain 52

American Banker

MAY 9, 2024

The central bank is merely an instrument of Congress when it comes to setting card interchange fees. Only by making lawmakers feel the heat will the industry see meaningful change.

Cards 68

Cards Industry Policies Compliance 68

The Paypers

MAY 9, 2024

UK-based digital bank Monzo has raised an additional USD 190 million, reaching USD 610 million in funding so far towards expansion and new products.

Digital Banking 53

Digital Banking 53

American Banker

MAY 9, 2024

Many banks got shares in the lucrative payments network when it went public in 2008. Some of them are now looking to sell in order to offset losses on their sales of underwater bonds.

Payments 53

Payments 53

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

MAY 9, 2024

UK-based ALT21 has integrated its BankHedge solution with the Temenos banking platform to streamline FX hedging for banks and global multicurrency payments for SMEs.

Company 45

Company Payments 45

American Banker

MAY 9, 2024

The Federal Reserve Thursday released a report on its climate stress test pilot assessing the impact of climate change on big bank portfolios and found that loan defaults could increase as a result of climate events and shifts toward a lower carbon economy.

Report 45

Report Policies Compliance Regulation 45

The Paypers

MAY 9, 2024

The United Arab Bank has announced the expansion of its partnership with Network International to include debit card processing within the Network One network.

Cards 45

Cards 45

American Banker

MAY 9, 2024

The Federal Trade Commission recently blasted two companies for their murky business practices and confusing charges. Industry experts say many digital and recurring payments are inviting more regulatory scrutiny.

Regulation 45

Regulation Payments Industry Company 45

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

Realwired Appraisal Management Blog

MAY 9, 2024

For a long time, I’ve had thoughts of: “You’re not good enough. You’re not interesting enough. They’ll see through you eventually.” Many of us have these thoughts – persistent whispers in the back of our minds. The narratives we create about ourselves that shape our reality. These thoughts are wrong.

US 40

US 40

American Banker

MAY 9, 2024

The House advanced a resolution that would roll back a Securities and Exchange Commission resolution that banks argue cuts them out of the crypto custodying business, but President Biden said he would veto it if it passes the Senate.

Security 41

Security Policies cryptocurrency 41

The Paypers

MAY 9, 2024

Mastercard has announced its partnership with The BENEFIT Company in order to drive payment optimisation and financial inclusion in Bahrain.

Company 45

Company Payments 45

American Banker

MAY 9, 2024

Banco Bilbao Vizcaya Argentaria SA took its offer for Banco de Sabadell SA directly to shareholders, a rare hostile move that the Spanish government said it opposed on concerns over job cuts and reduced competition.

Industry 36

Industry 36

Advertisement

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.

Lending

The Paypers

MAY 9, 2024

Nigeria-based fintech and non-bank credit card issuer O3 Capital has partnered with American Express to issue four new Amex credit cards in Nigeria.

Capital 41

Capital Cards Fintech 41

American Banker

MAY 9, 2024

A group of 24 institutional investors say a recent pledge by the British bank to restrict financing for companies that focus exclusively on fossil-fuel exploration and extraction doesn't go far enough.

Groups 36

Groups Company Lending 36

The Paypers

MAY 9, 2024

Thunes has announced its partnership with Pomelo in order to launch a new credit-based digital wallet solution from the US to the Philippines.

US 41

US 41

American Banker

MAY 9, 2024

The next major chance the lawmakers could have on the so-called "swipe fee" legislation will come next year as Congress looks toward a tax package.

Taxes 36

Taxes Policies 36

Advertisement

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.

Course