American Banker
MARCH 13, 2024
The Supreme Court should preserve the preemption of state banking laws by federal laws, a key element of the dual banking system that has served the country well for generations.
Payments Dive
MARCH 13, 2024
The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.
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Abrigo
MARCH 13, 2024
How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Would you like other articles like this in your inbox? Takeaway 1 Engaging the bank or credit union loan workout team or an outside expert can help restore CRE loans in distress or mitigate their impact.
Payments Dive
MARCH 13, 2024
The digital payments company processed $1 trillion in total payments volume last year, according to its annual letter released Wednesday.
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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.
TheGuardian
MARCH 13, 2024
Lender nearly triples size of cost-cutting plan to £80m after autumn rescue deal Business live – latest updates Metro Bank is cutting 1,000 jobs and ending its trademark seven-day branch model, after nearly tripling the size of its cost-cutting plan after its autumn rescue deal. The lender said on Wednesday that it had expanded an original £30m cost savings plan , first announced in October, to £50m – after axing about 200 more staff than it had initially aimed for – and now planned to slash a f
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
MARCH 13, 2024
The Congressional Budget Office put an estimate on the net government subsidy provided to the Federal Home Loan Bank System, including the so-called "implied guarantee," on bonds priced and sold to investors.
CFPB Monitor
MARCH 13, 2024
As previously reported , bills were introduced in the U.S. House of Representatives (H.R. 7297) and U.S. Senate (S. 3502) to amend the Fair Credit Reporting Act (FCRA) to curtail the practice of trigger leads with mortgage loans. Recently, a diverse group sent a letter to the Chairs and Ranking Members of the House Committee on Financial Services and the Senate Committee on Banking, Housing & Urban Affairs expressing support for the bills.
American Banker
MARCH 13, 2024
The new team at Dime Community Bancshares intends to attract funding from an array of niche business segments, including medical billing, so-called death care services and hedge funds.
CFPB Monitor
MARCH 13, 2024
Just two days after the CFPB issued its final credit card late fee rule (Rule) last week, a lawsuit was filed in a Texas federal district court seeking to invalidate the Rule. The plaintiffs in the lawsuit are the Chamber of Commerce of the United States of America, Fort Worth Chamber of Commerce, Longview Chamber of Commerce, American Bankers Association, Consumer Bankers Association, and Texas Association of Business. .
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.
American Banker
MARCH 13, 2024
The custody bank will offer clients technology from Microsoft that lets them analyze their data in near-real time, hosted on the latest versions of Microsoft's public and private clouds.
BankInovation
MARCH 13, 2024
Mastercard Foundry, the innovation hub for product development at the card giant, is creating a new technology-focused position, as it continues its tech investment. The company’s operating expenses in 2023 increased 11% year over year to $11.1 billion, according to Mastercard’s Jan. 31 earnings presentation.
American Banker
MARCH 13, 2024
Bank M&A activity has been in the doldrums in recent years, but a number of CEOs are predicting an increase in bank consolidation in 2024.
BankInovation
MARCH 13, 2024
Greylock Federal Credit Union has selected Alkami to improve its digital banking offerings. The $1.5 billion credit union will implement the Alkami Digital Banking Platform to provide online and mobile banking to its retail and business clients, according to Alkami’s March 5 release.
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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.
American Banker
MARCH 13, 2024
Larger banks are responsible for a special assessment to cover the costs of the failures of Silicon Valley Bank and Signature Bank. The price tag has ballooned by $4.1 billion, and trade groups are criticizing the FDIC's process, arguing that it lacks transparency.
The Paypers
MARCH 13, 2024
UK-based luxury hotel guest experience management platform Eleanor has partnered with Mangopay in order to launch a tailored payment solution for its clients.
American Banker
MARCH 13, 2024
The U.K. is considering a bill that would let banks and payment service providers put suspicious-looking peer-to-peer payments on hold for up to four days to conduct security reviews; Giesecke+Devrient is working with Brazil's central bank to develop an offline payment approach to a central bank digital currency; and more in global payments news this week.
The Paypers
MARCH 13, 2024
Adatree has announced its partnership with MogoPlus and CMCU in order to launch the Loan Serviceability Solution (LSS) and improve lending experiences.
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.
The Financial Brand
MARCH 13, 2024
This article Shocker: Amex, Chase and Citi Top BNPL Satisfaction Rankings appeared first on The Financial Brand. Innovation isn't everything as the growing ranks of buy now, pay later users favor factors that play to older firms' strengths. This article Shocker: Amex, Chase and Citi Top BNPL Satisfaction Rankings appeared first on The Financial Brand.
The Paypers
MARCH 13, 2024
The National Payments Corp of India (NPCI) has planned to authorise a third-party application provider (TPAP) licence for Paytm , an India-based digital payments app.
American Banker
MARCH 13, 2024
Federal Reserve officials have hammered home the importance of bank readiness to borrow from the discount window. Getting banks to actually do so may require the Fed to make structural improvements to the system.
The Paypers
MARCH 13, 2024
Global verification provider Sumsub has partnered with Chainalysis in order to optimise compliance and monitoring capabilities for digital assets clients.
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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.
American Banker
MARCH 13, 2024
Peapack-Gladstone's wealth unit is pursuing an ambitious de novo expansion in New York and perhaps elsewhere because M&A has become expensive as private equity money has inflated seller expectations.
The Paypers
MARCH 13, 2024
US-based payment technology corporation Mastercard has announced its collaboration with CinemaPlus , an Azerbaijan-based cinema chain.
American Banker
MARCH 13, 2024
A bipartisan group of senators called on the Federal Deposit Insurance Corp. to exercise transparency and expedience in evaluating industrial loan company applications, which grant a type of charter industry experts say is unlikely to be issued in this administration.
The Paypers
MARCH 13, 2024
emerchantpay has announced its partnership with FitBank in order to optimise and develop its cross-border payment offerings for customers in Latin America.
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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