Wed.Jul 10, 2024

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‘No one length fits all’ – haircuts in the repo market

BankUnderground

Miruna-Daniela Ivan, Joshua Lillis, Eduardo Maqui and Carlos Cañon Salazar Funding markets are crucial for healthy and active financial institutions, and consequently for everyone in the economy. The repurchase agreement (repo) market plays a key role in bank and non-bank financial institutions’ (NBFIs’) daily activities by facilitating short-term financing and risk hedging.

Marketing 126
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Target to stop accepting personal checks

Payments Dive

The retailer’s customers will still have six payment options after the change takes effect in about a week.

Retail 397
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Here Is a Comparison of 6 Bank Pricing Strategies

South State Correspondent

Unfortunately, bank product pricing is essentially an afterthought in our industry. Few bankers study bank pricing, and few apply quantitative rigor to pricing optimization. We often price products and services without regard to cost, we price small loans against competition that also has pricing wrong, and we pay little attention to our products’ perceived value or price elasticity.

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Payroc preps for more acquisitions, angles for IPO

Payments Dive

Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for an initial public offering.

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Back to Basics with Reconciliations

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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Senators accuse JPMorgan’s Jamie Dimon of backtracking on climate commitments

TheGuardian

Exclusive: Letter from senators, led by Elizabeth Warren, says JPMorgan may have misled investors and public JPMorgan Chase, the world’s biggest investor in fossil fuels, may have misled investors and the public by backtracking on its already weak climate and environmental commitments, six US senators have warned in a letter to the CEO Jamie Dimon. Although a climate-disrupted world demands stronger action by the financial sector to reduce emissions and protect nature, the Wall Street firm is he

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Visa, Mastercard won't raise European fees; Alipay adds AI copilots

American Banker

The card networks extended an agreement to keep interchange the same for cards issued outside of the European Union; meanwhile Ant Group's Alipay adds a number of AI-powered assistants.

Cards 83
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Transactions: Banco Santander, Google offering AI course

BankInovation

Banco Santander and Google have teamed up to offer an AI course. The on-demand course is live on the bank’s Santander Open Academy Platform and is free to anyone over 16, according to a July 9 Santander release.

Course 77
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'It's always a black box': One fintech's ordeal working with Synapse

American Banker

GrabrFi, a challenger bank for freelancers outside of the U.S., has found both hurdles and opportunities by working with banking-as-a-service middleware vendors.

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Hard Money Loans For Rental Properties Are Good Options!

Commercial Lending USA

Hard money loans for rental properties are perfect for real estate owners who want to buy or refinance rental properties. But let's take a quick look at what hard money loans are before we start.

Lending 52
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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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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Powell says Fed can't muscle FDIC, OCC on new capital proposal

American Banker

During his second day of congressional testimony this week, the Federal Reserve chair said the central bank does not have supremacy over other agencies on their joint rulemaking.

FDIC 73
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FREENOW integrates Alipay+

The Paypers

German-based mobility services provider FREENOW has integrated Alipay+ with its taxi cab services in seven European countries.

Mobile 69
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Citi fined $136 million for alleged violations of 2020 consent orders

American Banker

The megabank isn't making enough progress in its efforts to improve its risk management systems, according to the Federal Reserve and the Office of the Comptroller of the Currency.

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India's Paytm to invest USD 6 million in a key subsidiary

The Paypers

India’s Paytm has secured approval from a government panel that oversees fundings linked to the region of China to invest USD 6 million in a key subsidiary.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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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Texas bank leverages family ownership to drive growth

American Banker

Susser Bank has proved successful attracting business from small and mid-sized companies the past two years. It's hoping a successful capital raise and continued branch expansion can extend the trend.

Texas 67
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Thunes partners with LianLian Global

The Paypers

Singapore-based cross-border payments company Thunes has added ecommerce cross-border payment service provider LianLian Global to the Thunes Global Network.

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It's up to state regulators to lead the way in payments innovation

American Banker

Washington policymakers are not adopting policies necessary to keep the U.S. on the cutting edge in payments. Fortunately, the dual banking system offers an alternative path forward.

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BR-DGE launches global white-label payment solution

The Paypers

BR-DGE has introduced a white-label payment orchestration solution aimed at enhancing the capabilities of payment acquirers, gateways, platforms, and other ecosystem participants.

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It Takes Two to Tango

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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McKernan and Chopra want clearer bank-fintech guidance

American Banker

Federal Deposit Insurance Corp. Board Members Jonathan McKernan and Rohit Chopra agreed on the value of clearer bank-fintech guidance to enhance regulatory clarity, foster innovation and ensure fair competition in the financial services sector.

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Phos partners with Shift4

The Paypers

Shift4 has partnered with Phos by Ingenico with the aim of bolstering the latter's acquiring capabilities and expand adoption of its SoftPOS solution for merchant customers across Europe.

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Senators accuse Jamie Dimon of backing off his climate commitments

American Banker

Elizabeth Warren was among those who criticized Dimon for saying that the bank is going to move away from "commitments" toward "aspirations" on climate.

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Network International partners with Mastercard

The Paypers

Network International has announced its partnership with Mastercard in order to optimise the UAE’s overall commercial payments landscape.

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The 2024 Lenders Guide to Automating the Complex Loan

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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CFPB proposes new mortgage servicing rule to aid struggling borrowers

American Banker

The Consumer Financial Protection Bureau has proposed requiring that mortgage servicers exhaust all efforts at assisting struggling borrowers before moving ahead with a foreclosure.

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emerchantpay research shows demand for Open Banking rises

The Paypers

Research published by emerchantpay , a global payment service provider and acquirer, has identified key factors influencing consumer preferences for online payment methods.

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How Project 2025 would affect bankers

American Banker

A document from the Heritage Foundation, written by some of former President Donald Trump's top economic advisors, could have a large impact on bank oversight, should Trump win the presidential election this year.

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Banks in Singapore to drop OTPs in favour of digital tokens

The Paypers

The Monetary Authority of Singapore and the Association of Banks in Singapore have announced that digital tokens are increasingly adopted in favour of One-Time Passwords.

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Confronting the Change Challenge

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.