Payments Dive

FEBRUARY 1, 2024

The card network is readying to offer Chinese consumers its card services domestically after winning approval last year for a joint venture in that country.

Cards 239

Cards 239

Jeff For Banks

FEBRUARY 1, 2024

Now that the debate is turning from Fed tightening to when the Fed will start dropping rates, we took a look at how financial institutions fared during the tightening cycle, using the quarter ended December 31, 2021 as the base period. The Fed began tightening at its March 17, 2022 meeting with a 25 basis points increase in the Fed Funds Rate and ended July 26, 2023.

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Security Strategy Management Community 102

Payments Dive

FEBRUARY 1, 2024

Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.

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Cards Company 219

TheGuardian

FEBRUARY 1, 2024

Out-of-court settlement reached with law firm acting for customers who have been left owing big sums One of Britain’s biggest high street banks has agreed a payout to settle a case involving “unfair” mortgages – giving hope to thousands of people who have been left owing huge sums. On the eve of a trial set to last six weeks, Bank of Scotland – part of Lloyds Banking Group – and a law firm representing 160 current and former customers reached an out-of-court settlement that means the bank will n

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Groups 111

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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.

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Gonzobanker

FEBRUARY 1, 2024

Turn up “Whole Lotta Love” and let the pure adrenalin rush of Jimmy Page’s intro accompany this year’s Acquire or Be Acquired recap … In the ever-evolving world of banking, Bank Director’s Acquire or Be Acquired Conference remains a constant. Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future.

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Conference FDIC Arizona Industry 88

CFPB Monitor

FEBRUARY 1, 2024

In October 2023, the CFPB issued a groundbreaking proposal on personal financial data. This episode, which repurposes a webinar, begins with a review of the background of the rulemaking. We then discuss key provisions of the proposal, including the entities, data, and financial products and services that would be covered, the obligations that would be imposed on covered entities, and exceptions to the proposal’s requirements. .

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Data 78

TheGuardian

FEBRUARY 1, 2024

Shadow chancellor Rachel Reeves unveils raft of measures at business summit aimed at boosting investment, productivity and certainty Labour will not raise corporation tax above its current rate of 25% during the next parliament, the party has pledged, in an attempt to offer businesses greater certainty. Shadow chancellor Rachel Reeves said the tax pledge included maintaining full expensing, which allows businesses that invest in IT equipment and machinery to claim back up to 100% of the cost of

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Taxes Policies 107

BankInovation

FEBRUARY 1, 2024

ING Bank invested in its digital infrastructure in 2023 and expects to reap the benefits of those tech advancements in 2024 as the bank plans to spend less on technology this year.

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Technology Retail 72

TheGuardian

FEBRUARY 1, 2024

Toxic Tories have run themselves out as Starmer brings out the big hitters for a day at the Oval It was the hottest gig in town. Within hours of the event being announced all the £1,000 a head tickets had gone. Thank God for those uncapped bonuses. Anyone who was anyone in the business world was here. Executives from Goldman Sachs, Google, Mastercard, HSBC and countless more besides.

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Google 105

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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

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BankInovation

FEBRUARY 1, 2024

Deutsche Bank is reducing costs bankwide through automation and technology efforts. The $578 billion, Germany-based bank is using simplified workflows and automation on the front end and application decommissioning and operation model improvements on the back end, Chief Executive Christian Sewing said during today’s Q4 earnings call.

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Operations Technology 72

TheGuardian

FEBRUARY 1, 2024

Senior Labour figures are annoyed by news that the party will not reinstate a cap on bankers’ bonuses if it wins the next election

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American Banker

FEBRUARY 1, 2024

A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.

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New York Strategy Community Regional 81

BankInovation

FEBRUARY 1, 2024

BNP Paribas is looking to use AI and gen AI for revenue generation and cost optimization. “In 2023, we continued to invest in technology and in artificial intelligence,” Chief Executive Jean-Laurent Bonnafe said during the company’s fourth-quarter earnings call today.

Technology 69

Technology 69

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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.

Lending

American Banker

FEBRUARY 1, 2024

With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.

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Regional Capital Compliance Lending 81

TheGuardian

FEBRUARY 1, 2024

German bank becomes latest global lender to target staff in post-pandemic cost reductions Deutsche Bank is to cut 3,500 jobs, making it the latest global lender to target employees as part of post-pandemic cost reductions, amid a drop in profits. The German bank said that while it had made progress on a €2.5bn (£2.1bn) cost-cutting programme that it first announced in 2022, it still needed to save €1.6bn of that total, meaning thousands of staff had to go.

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American Banker

FEBRUARY 1, 2024

The embattled bank said it reviewed and then turned down a $3.25-per-share bid from Dream Chasers Capital. Carver called the offer "unrealistically low" given the bank's "intrinsic value.

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New York Capital Community Bank Community 81

TheGuardian

FEBRUARY 1, 2024

The shadow chancellor, Rachel Reeves, says Labour would not reinstate a cap on bankers' bonuses, to ensure stability for businesses operating in the UK. Reeves said the former chancellor Kwasi Kwarteng's decision to lift the measure – introduced after the 2008 financial crisis – was the wrong priority, but she defended her party's U-turn. 'The last thing we need is more chopping and changing,' she told a London audience Frustration in Labour ranks over Reeves’s refusal to reinstate bankers’ bonu

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Video Operations 63

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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.

Analysis

American Banker

FEBRUARY 1, 2024

Experts explain which features customers expect, which they love and where banks are creating a competitive edge with their apps.

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Mobile Technology 90

The Paypers

FEBRUARY 1, 2024

Real-time payments platform Volt has announced its partnership with Bumper in order to provide Open Banking services to major car dealerships in the UK and Europe.

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Payments 45

American Banker

FEBRUARY 1, 2024

Banks can choose to only receive transactions instantly, and it's the most popular choice. Simply preferring to get paid faster isn't the reason.

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Payments 64

The Paypers

FEBRUARY 1, 2024

Alipay+ has expanded its services to the UAE, allowing Chinese visitors to use it for taxi payments and receive instant tax refunds at major airports, enhancing travel convenience.

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Taxes Payments 41

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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

FEBRUARY 1, 2024

The Treasury Department's Financial Crimes Enforcement Network fined a New York credit union employee $100,000 Wednesday in connection with a scheme to launder $1 billion using armored trucks and the credit union's Fed master account.

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New York Compliance Regulation 41

The Paypers

FEBRUARY 1, 2024

Luxembourg-based Centralis Group has integrated Fenergo ’s Client Lifecycle Management (CLM) to simplify client and investor onboarding and support its international growth.

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Groups Management 41

American Banker

FEBRUARY 1, 2024

The Birmingham, Alabama bank cut down its workforce across divisions as higher interest rates put pressure on its business.

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Alabama Regional Industry Management 51

The Paypers

FEBRUARY 1, 2024

Tymit has announced its Open Banking partnership with Equifax in order to provide affordability decisions and BNPL transparency for its credit card products in the UK.

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Cards 41

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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.

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