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.

California 243

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 100

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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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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ATM Marketplace

NOVEMBER 10, 2023

What is the key to banking success in the current market? The answer is to overhaul customer experience strategies to meet consumers where they are.

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Customer Experience Strategy Meeting Marketing 98

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.

Google 64

Google Cards Technology Payments 64

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.

Wisconsin 74

Wisconsin Regional Lending Security 74

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 64

Online Technology Lending 64

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

New York

American Banker

NOVEMBER 10, 2023

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

cryptocurrency 97

cryptocurrency blockchain Payments Technology 97

The Paypers

NOVEMBER 10, 2023

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

Payments 80

Payments 80

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.

Los Angeles 68

Los Angeles National Industry 68

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 Community Lending 52

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

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.

Industry 68

Industry 68

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.

System 45

System Payments 45

American Banker

NOVEMBER 10, 2023

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

Wyoming 91

Wyoming Bitcoin Technology Fintech 91

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

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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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.

Groups 68

Groups Marketing Cyber Security Security 68

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.

Payments 41

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.

Fintech 54

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.

US 41

US 41

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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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.

Conference 56

Conference Nashville Lending 56

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

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.

Capital 52

Capital Groups Industry Policies 52

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.

Payments 41

Payments US Security 41

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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