What you need to know about TR-31
ATM Marketplace
DECEMBER 3, 2024
As we move into 2025, understanding the nuances of TR-31 is essential for financial institutions and ATM operators to ensure compliance and maintain robust security
Tue.Dec 03, 2024
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CFPB proposes rule to rein in data brokers’ sale of consumer information
Payments Dive
DECEMBER 3, 2024
With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.
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EDR or MDR: What Do Community Financial Institutions Need? | FinTalk
Jack Henry
DECEMBER 3, 2024
Endpoint detection and response (EDR) solutions are often recommended as a critical component of modern cybersecurity strategies. According to IBM, studies estimate that as many as 90% of successful cyberattacks and 70% of successful data breaches originate at endpoint devices.
Worldpay exec talks digital wallet security
Payments Dive
DECEMBER 3, 2024
The head of fraud prevention for the processor said the company leverages data to block hackers and fraudsters seeking digital wallet information.
Back to Basics with Reconciliations
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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.
Vietnamese tycoon faces scramble to raise billions to avoid death sentence
TheGuardian
DECEMBER 3, 2024
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country The Vietnamese property tycoon Truong My Lan has lost her appeal against the death penalty for masterminding a multibillion-dollar fraud scandal – though she could still save her life if she can repay most of the funds she embezzled. Lan, who founded the real-estate developer Van Thinh Phat, was sentenced to death in April for embezzling $12bn (£9.95bn) from Saigon Commercial Bank (SCB), i
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Japan’s Nomura bank boss takes 30% voluntary pay cut after worker tries to kill customer
TheGuardian
DECEMBER 3, 2024
Wealth management employee charged with robbery, attempted murder and arson after home visit to elderly clients The boss of Japanese bank Nomura has apologised and taken a voluntary pay cut after a former employee was charged with robbery and attempted murder of a customer. Kentaro Okuda, who has led Nomura since 2020, will take a 30% pay cut over the next three months, with several other senior managers at the bank taking similar reductions, the bank said.
United Community in South Carolina to buy ANB Holdings in Florida
ABA Community Banking
DECEMBER 3, 2024
United Community Banks in Greenville, South Carolina, has agreed to buy ANB Holdings in Oakland Park, Florida. The post United Community in South Carolina to buy ANB Holdings in Florida appeared first on ABA Banking Journal.
Adaptation is to mitigation what Robin is to Batman
BankUnderground
DECEMBER 3, 2024
Jenny Clark and Theresa Löber The UK’s climate continues to change, getting wetter and warmer , with extremes becoming ever more pronounced. Even if we limit global warming to 1.5°C above pre-industrial levels, experts warn that we’ll see the number and severity of extreme weather events increase further. Without adaptation, we will see more property, infrastructure and agriculture damaged or destroyed, with devastating consequences to households, communities and businesses – as well as increasi
How Do Interest Rates Affect Assisted Living Facility Financing?
Commercial Lending USA
DECEMBER 3, 2024
How does interest influence assisted living facility financing? Managing rising rates, getting the best funding, and completing your ALF project.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
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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
CFPB proposal would subject data brokers to FCRA rules
American Banker
DECEMBER 3, 2024
The Consumer Financial Protection Bureau issued a proposal to protect consumer data privacy and categorize data brokers that sell sensitive consumer data as "consumer reporting agencies" under the Fair Credit Reporting Act, a move that could garner bipartisan support.
NatWest on fast trajectory back to private ownership, boss says
TheGuardian
DECEMBER 3, 2024
Paul Thwaite says government’s exit from its stake in bank could come in first half of 2025 and will be a ‘great moment’ The chief executive of NatWest has said the bailed-out bank is on a “fast trajectory to private ownership”, with the government likely to fully exit its stake within the first half of 2025. Paul Thwaite said it would be a symbolic moment for NatWest Group staff and the wider banking sector, allowing the industry to close another chapter of the fallout from the 2008 banking cra
Banks need to reclaim their position at the center of the BaaS model
American Banker
DECEMBER 3, 2024
The demand for embedded finance is not going away, but the initial rollout of banking as a service relied far too much on middleware providers without expertise in compliance and oversight. BaaS 2.0 must feature a more bank-centric approach.
German unicorn Solaris to secure future funding
The Paypers
DECEMBER 3, 2024
Solaris has announced that it is close to securing new future funding amid reports that it needed urgent financing or faced the prospect of being sold or even closure.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
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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.
The case for having a human crime officer in every bank
American Banker
DECEMBER 3, 2024
Ian Mitchell, founder of The Noble, an organization that works with law enforcement and with banks to fight human crime trafficking, explains some of his group's recent work and why banks need someone dedicated to human crime.
Brazil may ban stablecoin self-custody transfers
The Paypers
DECEMBER 3, 2024
Brazil is considering a ban on stablecoin withdrawals to self-custodial wallets as part of its effort to regulate virtual asset transactions and increase oversight of foreign exchange activities.
Small Virginia bank optimistic it will avoid delisting
American Banker
DECEMBER 3, 2024
Primis Financial had to delay several reports to the SEC due to an accounting misclassification error, which raised the possibility that the bank's stock would no longer trade on Nasdaq. Executives say they're "optimistic about putting this behind us.
Sir Kit McMahon obituary
TheGuardian
DECEMBER 3, 2024
Deputy governor of the Bank of England who helped to rescue the Midland Bank from collapse in the late 1980s At an age when many people are preparing for retirement, Sir Kit McMahon, who has died aged 97, made his first move into business. In 1986 McMahon, an economist and central banker, was parachuted into Midland Bank to rescue the once-mighty institution – a process that eventually led to its takeover by the Hongkong and Shanghai Bank (HSBC).
Is Your Current Card Platform Holding You Back?
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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
tell.money partners with Enfuce to Deliver PSD2-compliant Open Banking services
The Paypers
DECEMBER 3, 2024
tell.money has announced its partnership with Enfuce in order to provide its customers and clients with PSD2-compliant Open Banking services.
Insider fraud and AI threats top forecasts of 2025 cybercrime
American Banker
DECEMBER 3, 2024
In a report Tuesday, credit bureau Experian predicted that government identity systems could get an update in the coming year. Here's what else could happen.
Corpay acquires GPS Capital Markets
The Paypers
DECEMBER 3, 2024
Corpay, a US-based business payments provider, has finalised the acquisition of GPS Capital Markets, with the move supporting the expansion of its operations.
Scotiabank misses on expenses, takes charge for Chinese bank
American Banker
DECEMBER 3, 2024
The Canadian bank fell short of analysts' expectations on non-interest income partly because of a higher-than-anticipated tax rate. Scotiabank's results also included a one-time impairment charge related to its investment in Bank of Xi'an Co. in China.
Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers
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.
KYC Portal CLM introduces SaaS model to deliver compliance management to the cloud
The Paypers
DECEMBER 3, 2024
KYC Portal CLM has announced the launch of its Software-as-a-Service (SaaS) model, enabling businesses to utilise compliance management features without needing on-premises infrastructure.
20 US banks that closed the most branches in Q3
American Banker
DECEMBER 3, 2024
The top five banks in this list closed a net total of 175 branches in the third quarter.
Offa completes acquisition of Bank of Ireland's Sharia-compliant finance book
The Paypers
DECEMBER 3, 2024
UK-based fintech company Offa has completed the acquisition of Bank of Ireland ’s Alburaq Sharia-compliant home finance portfolio, with the deal including over 350 home purchase plans.
United Community strikes sixth M&A deal in as many years
American Banker
DECEMBER 3, 2024
The Greenville, South Carolina-based company said it would pay $80 million in stock to acquire ANB Holdings and its Miami-area bank.
It Takes Two to Tango
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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.
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