Perficient
SEPTEMBER 6, 2023
Just before Labor Day, the federal banking regulators – The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), and the Federal Deposit Insurance Corporation (FDIC) – labored to issue a proposed rule for comment that would require require certain financial institutions to issue and maintain outstanding a minimum amount of long-term debt (LTD).
Payments Dive
SEPTEMBER 6, 2023
In a Tuesday presentation, Mastercard’s CEO rebutted Wall Street Journal reporting last week about prospective credit card fee increases for merchants.
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South State Correspondent
SEPTEMBER 6, 2023
We have discussed the importance of bundling or packaging deposit account services to speed up customer choices, increase profitability, and enhance deposit performance. However, many banks still offer just two choices, whereas if they offered three, they would increase profitability. In this article, we examine how behavioral deposit pricing works and how to use it to your bank’s advantage.
Payments Dive
SEPTEMBER 6, 2023
The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.
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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.
Abrigo
SEPTEMBER 6, 2023
Takeaway 1 Check fraud detection is a critical component of AML programs because it is one type of fraud that continues to trend upward in financial institutions. Takeaway 2 According to the FBI, reported losses from check fraud total $1 8 billion annually. AML professionals must constantly monitor for ways this could affect their customers or members.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankUnderground
SEPTEMBER 6, 2023
Saleem Bahaj, Robert Czech, Sitong Ding and Ricardo Reis Few topics captivate our attention like the enigma of inflation. Understanding where the market thinks inflation is headed is crucial for policymakers, investors, and anyone who wants to keep their financial ducks in a row. And that’s where inflation swaps come into play. They are like the crystal ball of inflation expectations, allowing traders to hedge against inflation risk and giving us a peek into the minds of market participant
BankInovation
SEPTEMBER 6, 2023
LONDON — DNB’s internal chatbot fielded more than 2.1 million queries last year and boasts an 83% accuracy rate.
Realwired Appraisal Management Blog
SEPTEMBER 6, 2023
What makes a Chief Appraiser great? Mastery and success don’t come from the monumental moments but from the diligent, everyday tasks. The path to greatness is paved by consistent effort, patience and commitment. Joshua Medcalf’s Chop Wood Carry Water highlights the goal of how to fall in love with the process of becoming great.
American Banker
SEPTEMBER 6, 2023
Protesters gathered outside the New York bank's headquarters last week, demanding restitution for what they allege was mismanagement. The bank did not give ground in its response to the demonstration.
Advertiser: ZoomInfo
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.
CFPB Monitor
SEPTEMBER 6, 2023
The CFPB has filed its opposition to the motion for a preliminary injunction filed by the plaintiffs in the Kentucky federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The plaintiffs in the Kentucky lawsuit are the Kentucky Bankers Association and several Kentucky banks. The Kentucky plaintiffs chose to file a separate lawsuit rather than intervene in the lawsuit pending in a Texas federal district court challenging the Rule filed by the American Bankers Asso
American Banker
SEPTEMBER 6, 2023
As the Latino population in the U.S. expands, so does the business case for banks and credit unions that want to tailor services for this audience.
BankInovation
SEPTEMBER 6, 2023
JPMorgan Chase increased its share in digital bank C6 Bank to 46% from 40% last week, pending regulatory approval. JPMorgan first invested in C6 in 2021. Since then, the Sao Paulo, Brazil-based bank has grown to 25 million customers from 8 million, according to a C6 release.
American Banker
SEPTEMBER 6, 2023
Central bank digital currencies may be years away in larger countries, but payment companies are building international networks now. Here's why.
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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.
ABA Community Banking
SEPTEMBER 6, 2023
Rebutting erroneous claims about the FHLBs and the failure of Silicon Valley Bank. The post Myths and facts about the Federal Home Loan Bank System appeared first on ABA Banking Journal.
American Banker
SEPTEMBER 6, 2023
From hidden fees to misleading marketing, small businesses face too many challenges when making and receiving cross-border payments.
TheGuardian
SEPTEMBER 6, 2023
Rick Haythornthwaite, who leads boardrooms of Ocado and the AA, will succeed Howard Davies NatWest has announced that a former Centrica boss will be its next chair, as the lender continues to deal with the fallout from the scandal surrounding the threatened closure of Nigel Farage’s bank accounts. Rick Haythornthwaite – who previously chaired Network Rail and Mastercard as well as the British Gas owner and now leads the boardrooms of Ocado and the AA – will succeed Howard Davies, the bank announ
American Banker
SEPTEMBER 6, 2023
A member of the European Central Bank's board said private sector digital coins like PayPal's could harm competitive balance, Santander makes candy harts with romance scam slogans, and more.
Advertiser: ZoomInfo
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.
TheGuardian
SEPTEMBER 6, 2023
Sir Howard Davies’ replacement has enough City experience to move bank on from Coutts fiasco In a business career of 40-plus years, Rick Haythornthwaite has never been a banker. The closest he’s come was a long stint as chairman of Mastercard – but that’s a payment processor, which is a different type of financial beast. His chief executive life was as an industrialist: Blue Circle cement and Invensys, as the old BTR engineering conglomerate was rebranded.
American Banker
SEPTEMBER 6, 2023
Employees across the financial services industry are organizing in the hopes of obtaining better wages and other workplace improvements.
The Paypers
SEPTEMBER 6, 2023
AI-powered solution Ntropy has partnered with Open Banking platform Yapily to improve financial information and transaction data for customers across Europe.
American Banker
SEPTEMBER 6, 2023
The consumer lender's stock price has fallen more than 30% since its disclosure of a looming regulatory action, which was followed by the sudden departure of its CEO. To help meet its compliance challenges, the company's board added a former FDIC regional director.
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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.
The Paypers
SEPTEMBER 6, 2023
Saudi Awwal Bank (SAB) has partnered with Wise to offer fast, secure, and cost-effective solutions for sending and receiving money internationally.
American Banker
SEPTEMBER 6, 2023
The New York-based company announced the launch of a health care lending unit after capitalizing on recent bank failures to add seven deposit-focused banking groups this spring and summer.
The Paypers
SEPTEMBER 6, 2023
Digital bank GX Bank Berhad ( GXBank ), led by superapp Grab has received approval from the Minister of Finance and Bank Negara Malaysia (BNM) to commence operations.
American Banker
SEPTEMBER 6, 2023
Mountain America Credit Union and Lafayette Federal Credit Union are two institutions making concerted efforts to target small-business owners with digital tools.
Advertiser: ZoomInfo
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.
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