TheGuardian

MAY 20, 2024

Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached The battle to attract current account customers is hotting up, with two banks offering £175 “free money”, and a third tempting people with a 10% interest rate. The payments from Santander and First Direct, and the inflation-busting interest rate offered by Virgin Money, are the latest carrots being dangled in front of potential customers in an attempt to persuade them

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Payments Groups 76

Payments Dive

MAY 20, 2024

Young consumers are open to using the peer-to-peer payments app as their primary bank, but many say they won’t switch because they value having a physical branch.

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Payments 243

South State Correspondent

MAY 20, 2024

In last week’s article ( here ), we discussed why category and geographic diversification may be unfeasible for many community banks. We concluded that after a community bank sets limits on loan categories, the added benefit of geographic or loan category diversification is nullified. We discussed three main reasons why community bank diversification by geography and loan category does not enhance community banks’ resilience or performance.

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Community Bank Community Strategy Examples 195

Payments Dive

MAY 20, 2024

Federal Reserve Governor Christopher Waller last week underscored the central bank’s role for setting standards in the rapidly evolving payments arena.

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Payments 195

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BankInovation

MAY 20, 2024

JPMorgan Chase considers customer needs, competition and time to market when approaching product launches for small-business clients. “We really try to keep the small-business owner at the center of all of that innovation process at Chase for Business,” Jameson Troutman, head of product for small business at JPMorgan Chase, told Bank Automation News.

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American Banker

MAY 20, 2024

Gaps in traditional means of assessing creditworthiness are being filled by new kinds of information, such as cash flow data. The result will be good for both banks and borrowers.

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Data Risk Management Management Lending 87

The Paypers

MAY 20, 2024

Spain-based Santander , in collaboration with Iberpay , has announced that it processed one of the first instant transfers based on the EPC’s OCT Inst scheme.

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BankInovation

MAY 20, 2024

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The SEC proposed amendments to its “Privacy of Consumer Financial Information and Safeguarding Customer Information” regulation, implemented in 2000, according to a May 15 fact sheet from the commission.

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Regulation Data Guidelines Security 77

American Banker

MAY 20, 2024

One year after it bought First Republic Bank, the largest U.S. bank by assets is launching J.P. Morgan Private Client, a new tier in its affluent-consumer services that brings together JPMorgan's brand with First Republic's concierge model.

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Branding Customer Experience Strategy Management 81

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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

MAY 20, 2024

JPMorgan Chase & Co. is immersing every new banking employee in artificial-intelligence training, preparing them for a technology Chief Executive Officer Jamie Dimon has likened to the impact of the printing press and steam engine.

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Training Technology 74

American Banker

MAY 20, 2024

The Florida-based bank, which has been building out its footprint across the South, would enter major markets such as Dallas and Houston with its planned all-stock acquisition of Independent Bank Group.

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Houston Dallas Texas Florida 81

The Paypers

MAY 20, 2024

US-based digital consultancy company Astound Digital has partnered with Shopify to improve customer experiences, reduce costs, and increase conversion rates for retail.

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Retail Customer Experience US Company 73

American Banker

MAY 20, 2024

Investors are facing recent pressure after Republic First's collapse, allegations of criminal activity by an executive at Old National and a pending CFPB rule affecting credit card fees.

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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.

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The Paypers

MAY 20, 2024

Reinsurance and insurance provider Swiss Re has announced its plans to withdraw from the loss-making digital white-label business iptiQ following a strategic review.

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American Banker

MAY 20, 2024

Banking experts said that none of the currently circulating stablecoin proposals adequately address concerns about the overlap between banking and commerce and how a stablecoin issuer would go through insolvency.

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Policies cryptocurrency Compliance Regulation 59

The Paypers

MAY 20, 2024

US-based paytech company InComm Payments has announced it is offering gift cards for Roblox , an online game platform, at online and physical retailers in Hong Kong.

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Cards Payments Online Retail 45

American Banker

MAY 20, 2024

Criminals breached a third-party database storing Santander customer and employee information, a type of intrusion that banks are increasingly facing.

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Cyber Security Security Data Management 69

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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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The Paypers

MAY 20, 2024

Crypto startup funding has risen to USD 2.4 billion in Q1 2024, driven by expectations of lower interest rates and the first US bitcoin spot ETF, PitchBook data shows.

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Capital Bitcoin US Data 41

American Banker

MAY 20, 2024

Federal Reserve Vice Chair Michael Barr Monday spoke at length about efforts to enhance banks' liquidity and long-term debt positions after last year's bank failures while saying little about the capital hikes in the embattled interagency Basel III endgame proposal.

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Capital Policies Compliance Regulation 65

The Paypers

MAY 20, 2024

Austrian financial service provider Erste Bank Hungary has announced the launch of Flight Delay Insurance, a service available for customers in the George app.

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American Banker

MAY 20, 2024

At an industry conference, Consumer Financial Protection Bureau Director Rohit Chopra said he was open to suggestions on how to increase choice and competition to benefit mortgage lenders and borrowers.

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Report Conference Industry How To 36

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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.

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The Paypers

MAY 20, 2024

Visa has entered into a partnership with SKUx , a digital payment solutions provider, aiming to enhance digital payment experiences for select merchants and consumer packaged goods (CPG) companies.

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Payments Company 36

American Banker

MAY 20, 2024

Regulation and other factors are creating friction for the banks and consumers that want to transact in crypto.

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The Paypers

MAY 20, 2024

US-based LogRhythm has entered a merger agreement with Exabeam , a worldwide cybersecurity company that provides AI-enabled security operations.

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Operations Security US Company 41

American Banker

MAY 20, 2024

Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.

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Arkansas Payments FDIC Compliance 36

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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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