Perficient

NOVEMBER 10, 2023

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates. Sir Isaac Newtown’s first law of motion, which states that an object in motion will stay in motion and an object at rest will stay at rest unless acted upon by an external force, can be applied to retail depositor

Risk Management 221

Risk Management United States FDIC Compliance 221

Payments Dive

NOVEMBER 10, 2023

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

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California Bitcoin ATM Operations 243

TheGuardian

NOVEMBER 10, 2023

Move follows resignation of CEO over row linked to closure of former Ukip leader’s bank accounts NatWest has scrapped more than £7.5m that was due to be paid to Alison Rose, the banking group’s former chief executive, who was forced to resign over a scandal linked to the closure of Nigel Farage’s bank accounts. The board of NatWest said that following her resignation, future unvested share awards worth £4.7m would lapse and not be paid out.

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Groups 106

Payments Dive

NOVEMBER 10, 2023

The $38.8 million acquisition of StudyLink will expand Flywire’s presence in the Australian higher education market, the company said.

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Marketing Company 243

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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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TheGuardian

NOVEMBER 10, 2023

American arm of ICBC is latest victim of hackers and is investigating The Industrial and Commercial Bank of China’s US arm was hit by a ransomware attack that disrupted trades in the US Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year. ICBC Financial Services, the US unit of China’s largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from i

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US Marketing System Industry 105

American Banker

NOVEMBER 10, 2023

In its biannual report on supervision and regulation, the Federal Reserve Board noted an uptick in governance issues with large banks. Regional and community banks, meanwhile, were plagued by IT problems and risk management struggles.

Risk Management 90

Risk Management Community Bank Regional Community 90

BankInovation

NOVEMBER 10, 2023

Technology service provider Fiserv continues to invest in its digital solutions including its digital wallet platform, CardHub, which allows real-time controls, transaction monitoring, digital wallet support and enables digital issuance of new, lost and stolen replacement debit and credit cards. Fiserv clients include Microsoft and Google, as well as banks like Fort Lauderdale, Fla.

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Google Cards Technology Payments 69

American Banker

NOVEMBER 10, 2023

The technology, which has its roots in cryptocurrency, could make corporate transactions more flexible.

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blockchain cryptocurrency Payments Technology 97

BankInovation

NOVEMBER 10, 2023

Online digital lender Upstart invested in technology including automation and AI to improve its loan processing and underwriting models in the third quarter. The effort resulted in increased automation in loan processing, Chief Executive Dave Girouard said during the company’s Q3 earnings call this week.

Online 69

Online Technology Lending 69

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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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The Paypers

NOVEMBER 10, 2023

Netherlands-based payments orchestration platform WLPayments has announced its successful integration with payment solutions provider Paysafe.

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Payments 80

American Banker

NOVEMBER 10, 2023

In addition to expense-reduction measures, the Wisconsin-based regional bank is selling almost $2 billion of mortgages and securities and will invest in its lending and deposit-gathering capabilities.

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Wisconsin Regional Lending Security 74

ABA Community Banking

NOVEMBER 10, 2023

Family-owned businesses, especially those crossing the mark of $10 million in annual revenue, often have unique banking needs. They have the freedom to make long-term investments, but they also face challenges associated with funding for growth, complex family dynamics and the need to manage liquidity events for family members. The post Podcast: Bespoke banking for family-owned businesses appeared first on ABA Banking Journal.

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Management Community Bank Lending Community 52

American Banker

NOVEMBER 10, 2023

The Wyoming bank has launched its signature service, amid a legal tug-of-war with the Federal Reserve.

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Wyoming Bitcoin Technology Fintech 91

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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

The Paypers

NOVEMBER 10, 2023

Singapore-based dtcpay has partnered with PlatON and Allinpay International to launch a new digital currency payment system based on smart terminals.

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System Payments 45

American Banker

NOVEMBER 10, 2023

City National Bank has tapped Howard Hammond, a 17-year veteran of Fifth Third Bancorp, as CEO of the Los Angeles-based bank, replacing Kelly Coffey, who will move to a newly-created role as CEO of the bank's entertainment unit.

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Los Angeles National Industry 68

The Paypers

NOVEMBER 10, 2023

Alkami Technology has announced its partnership with Plaid in order to enable financial institution clients in the US to access the latter’s direct API services.

Technology 41

Technology US 41

American Banker

NOVEMBER 10, 2023

Flagstar Bank promotes newly hired Jason Birnbaum; Finstar Financial tops $1billion-asset threshold with acquisition of Sitgler; digital platform Bluevine launches checking account for high balances; and more in the weekly banking news roundup.

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Industry 68

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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

NOVEMBER 10, 2023

Payments company Magnati has announced its partnership with UK-based cross-border payments network TerraPay to provide merchants with an additional payment method.

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Payments Company 41

American Banker

NOVEMBER 10, 2023

As we look ahead to fresh innovations in fintech, we should try to reconnect with a deeper, more intentional set of human relationships foundational to our experience of money.

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Fintech Innovation Technology 54

The Paypers

NOVEMBER 10, 2023

US-based Eltropy has integrated with Portico from Fiserv in order to provide credit union members and customers with optimised engagement and experience.

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US 41

American Banker

NOVEMBER 10, 2023

The market stayed open four extra hours to allow participants to reroute trades Thursday after an attack by cybercrime group Lockbit.

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Groups Marketing Cyber Security Security 68

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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

The Paypers

NOVEMBER 10, 2023

Onyx by J.P. Morgan has launched programmable payments, a feature for blockchain-based accounts on the JPM Coin System, allowing users to program payments for the first time using an intuitive interface.

Payments 36

Payments blockchain System 36

American Banker

NOVEMBER 10, 2023

Banks across the spectrum of size and location serve small businesses — but they all do it differently. At American Banker's Small Biz Banking 2023 conference in Nashville from November 13-15, banks of all sizes will come together to share ideas, learn from experts and hear from bankers in the field who are doing it best.

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Conference Nashville Lending 56

The Paypers

NOVEMBER 10, 2023

US-based Avelo Airlines has partnered with PayPal to provide its customers with more convenient, secure, and flexible payment options.

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Payments US Security 41

American Banker

NOVEMBER 10, 2023

The banking industry's campaign against proposed capital requirements has reached a new dimension, with a group called Center Forward buying a Sunday Night Football ad arguing that the proposals would raise consumer costs.

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Capital Groups Industry Policies 52

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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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