Payments Dive

JANUARY 10, 2024

“I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.

Payments 448

Payments 448

South State Correspondent

JANUARY 10, 2024

Community banks’ use of swaps (banks’ primary tool to hedge interest rate risk on loans) has increased substantially over the last ten years. The market expects the current inverted yield curve to remain through much of 2024 (based on long-term interest rates and the expected rate cuts in 2024). Meanwhile, community banks face net interest margin (NIM) and fee income pressure.

Community Bank 195

Community Bank Community National Regional 195

Payments Dive

JANUARY 10, 2024

The buy now, pay later provider catering to gun sellers didn’t inform consumers of potential convenience fees, the state agency said.

386

386

South State Correspondent

JANUARY 10, 2024

Ask a banker about the value of their bank, and they will either talk about some derivation of book value or earnings multiple. While these bankers are not wrong, they are not exactly right. While both valuation methods provide everyone with a nice, tidy sum of value, the data could be more actionable. You might find out that your low cost of funds or higher-than-average net interest margin likely drives the bulk of your bank’s value, but then what do you do?

Management 195

Management Examples Marketing Millennials 195

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

Payments Dive

JANUARY 10, 2024

As the card network behemoth ventures into the Web3 experience, some firms are scaling back there.

Cards 447

Cards 447

Payments Dive

JANUARY 10, 2024

The cross-border payments company has boosted marketing to build up its remittance clientele.

Marketing 221

Marketing Payments Company 221

Realwired Appraisal Management Blog

JANUARY 10, 2024

The world isn’t as it is. The world is as you are. Our valuation industry needs a new roadmap, a new path. More connections, more optimism, more enthusiasm to improve. It’s on you. It’s on me. Let’s get to work.

Industry 105

Industry 105

TheGuardian

JANUARY 10, 2024

Forecasters at three leading institutions suggest inflation rate will halve to 2% by April The Bank of England may be forced to bring forward the date of its first interest rate cut after three leading forecasters issued a surprise update suggesting the inflation rate will halve to 2% by April. The Oxford Economics consultancy and analysts at Investec and Deutsche Bank have reassessed their outlook for inflation in 2024 and concluded that the consumer prices index (CPI), which dropped to 3.9% in

110

110

CFPB Monitor

JANUARY 10, 2024

The Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) will host a public hearing on appraisal bias on February 13, 2024. This will be the fourth public hearing on appraisal bias, and like the previous hearings, will be hosted by a panel of representatives from each of the FFIEC federal regulatory agencies.

78

78

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

American Banker

JANUARY 10, 2024

The country's largest credit union is learning the hard way that failure to assure inclusivity in lending practices is a recipe for both financial and reputational damage.

Lending 87

Lending 87

CFPB Monitor

JANUARY 10, 2024

On January 8, 2023, the Consumer Bankers Association (CBA) announced the launch of a new microsite, overdraftfacts.com , to demonstrate the value overdraft services provide to consumers, highlight bank-driven overdraft and non-sufficient funds (NSF) innovations and reforms that have significantly reduced consumer costs, and serve as a resource for policymakers.

Resources 78

Resources Regulation Innovation Industry 78

BankInovation

JANUARY 10, 2024

Grasshopper Bank is looking to AI for internal and external uses as the technology is expected to streamline manual employee tasks and improve the overall client experience. The New York-based digital bank is taking a cautious approach to AI, Grasshopper Chief Executive Mike Butler told Bank Automation News.

New York 77

New York Digital Banking Technology 77

American Banker

JANUARY 10, 2024

In addition to Ant's possible deal to buy MultiSafepay and Adyen's work with Straumur, Visa has partnered with TECH5 on government ID and Mastercard is expanding its virtual-card network through Rawbank.

Cards 81

Cards Groups Payments 81

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

BankInovation

JANUARY 10, 2024

Naveed Anwar, managing director and global head of digital and data platforms at Citi Treasury and Trade Solutions, will be featured in a fireside chat at Bank Automation Summit U.S. 2024 on Monday, March 18, at 2:15 p.m. CT, to discuss how AI is transforming the industry.

Industry 74

Industry Data Management 74

American Banker

JANUARY 10, 2024

Royal Bank of Canada hopes to save money by moving positions from high-cost California to Vancouver. The Toronto-based company is looking to cut costs as it seeks to bolster the earnings of its Los Angeles-based City National Bank subsidiary.

Los Angeles 81

Los Angeles California National Company 81

BankInovation

JANUARY 10, 2024

Digital bank Arc launched a venture debt financing platform to fill a gap in the market that surfaced during the 2023 banking crisis. When Silicon Valley Bank collapsed in March, the venture debt marketplace was left underserved, which “unlocked this market opportunity for [Arc],” Chief Executive Don Muir told Bank Automation News.

Digital Banking 74

Digital Banking Marketing Technology 74

The Paypers

JANUARY 10, 2024

The social media platform X has announced plans to launch peer-to-peer payment business, aiming to allow more user utility and new opportunities for commerce.

social media 78

social media Payments 78

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

American Banker

JANUARY 10, 2024

Hudson Valley Credit Union, which has $6.9 billion of assets, is buying Catskill Hudson Bancorp, which has $593 million of assets — more than any bank acquired by a credit union last year.

76

76

The Paypers

JANUARY 10, 2024

US-based Intuit has announced the integration of its TurboTax service into Credit Karma and QuickBooks , for improved tax preparation and filling across its ecosystem.

Taxes 74

Taxes US 74

American Banker

JANUARY 10, 2024

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

Taxes 71

Taxes Data System Fraud 71

The Paypers

JANUARY 10, 2024

Digital identity verification and fraud solutions provider Socure has announced it achieved StateRAMP authorisation, enabling state and local governments to verify digital identities accurately and securely.

Fraud 45

Fraud Security 45

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

American Banker

JANUARY 10, 2024

A potential antitrust lawsuit may open iPhones to outside payment apps. But any bank that seeks to profit from the Department of Justice's moves will face a host of other challenges.

Apple 60

Apple Payments 60

The Paypers

JANUARY 10, 2024

The Abu Dhabi Islamic Bank has announced the launch of its ADIB Business Souq, a B2B marketplace developed to optimise the development of SMEs in the UAE.

45

45

American Banker

JANUARY 10, 2024

SEC Chairman Gary Gensler clarified Tuesday that a post on X from the official SEC account that the commission had approved bitcoin ETFs was the result of a hack. X said the SEC did not have multifactor authentication enabled on its account.

Bitcoin 50

Bitcoin Cyber Security Fraud Security 50

The Paypers

JANUARY 10, 2024

Malaysia-based fintech Boost and its consortium partner RHB Banking Group have gotten approval from Bank Negara Malaysia (BNM) and the Ministry of Finance to operate as a digital bank.

Operations 41

Operations Digital Banking Groups Fintech 41

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