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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Digital Banking Capital Online Report 74

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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.

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Digital Banking 53

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.

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Cards Industry Policies Compliance 68

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.

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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.

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Payments 53

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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.

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.

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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.

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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.

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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.

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Advertiser: ZoomInfo

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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.

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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.

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Security Policies cryptocurrency 41

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.

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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.

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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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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.

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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.

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The Paypers

MAY 9, 2024

Platformable has launched its new report, showing new data on Open Banking picking up pace around the world and providing clients with more access to their data.

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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.

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Industry 36

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