Wed.Dec 04, 2024

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Bank Failure and Predictors of Performance

South State Correspondent

The Federal Reserve Bank of New York published three articles on why banks fail (the first one here ). While the aim of the research was to identify the cause of approximately 5,000 US bank failures over the course of 160 years, the research also infers what factors bank executes can influence to not only avoid failure but to improve performance. In summary, the research finds that bank failure is caused primarily by rapid asset growth, that then causes rising asset losses, deteriorating solven

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Global Payments spots 6 trends for next year

Payments Dive

The payments processor predicts fraud-fighting tools, embedded payments and comprehensive point-of-sale systems will be center stage in 2025.

Trends 395
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Zero-day options and financial market vulnerability

BankUnderground

Bowen Xiao Zero-day options have exploded in popularity in recent years, accounting for approximately half of S&P 500’s total options volume, a ten-fold increase from just 5% in 2016. Their flexibility, low premia and underlying leverage appeal to all market participants ranging from conservative investors hedging against intraday market volatility to aggressive traders speculating for quick profit generation.

Marketing 124
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FedNow racks up nearly $246M in annual expenses

Payments Dive

The Federal Reserve projects the real-time payment system’s costs will climb slightly next year, from the $245.5 million it expects to spend this year.

System 243
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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The Psychology Of Wedding Spending

BankBazaar

Weddings are more than just ceremonies. They’re larger-than-life productions steeped in traditions, emotions and societal expectations. From keeping up with the Sharmas to chasing Instagram-worthy moments, the pressure to spend big can be overwhelming. But why do we spend so much? Ah, weddings! The grand, glitzy spectacles that could rival even the most extravagant Bollywood sets.

Trends 78

More Trending

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10 largest banking fintech equity deals of Q3

American Banker

The three largest deals had an average round amount of more than $121 million.

Fintech 92
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La Banque Postale, WWF France introduce impact bank card

The Paypers

French postal bank La Banque Postale has teamed up with WWF France to introduce an impact bank card to advance the ecological transition in the region.

Cards 69
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Rise of low-cost accounts fuels decline in the unbanked population

American Banker

The availability and visibility of Bank On-certified accounts, which aim to expand banking access, is contributing to a decrease in the percentage of U.S. households that are unbanked, according to bankers and government officials.

America 85
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The Bank of Bhutan partners with TCS in order to upgrade its core banking system

The Paypers

The Bank of Bhutan has partnered with Tata Consultancy Services ( TCS ) in order to upgrade its core banking system using the TCS BaNCS Global Banking Platform.

System 67
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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Texas court halts enforcement of Corporate Transparency Act

American Banker

A federal judge in Texas has blocked the enforcement of the Corporate Transparency Act, a key U.S. anti-money-laundering law that would require companies to report ownership details by January.

Texas 81
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Coinbase introduces Apple Pay for fiat-to-crypto transactions

The Paypers

Coinbase has integrated Apple Pay into its Onramp tool, aiming to streamline fiat-to-crypto purchases for eligible users.

Apple 58
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Your AI credit models are fine, but their training data is problematic

American Banker

Artificial intelligence systems built to assess creditworthiness are trained on data that implicitly accepts past discriminatory lending decisions as legitimate signals about borrowers today.

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CBN to prioritise Open Banking in 2025, among others

The Paypers

The Central Bank of Nigeria (CBN) has unveiled its strategic priorities for 2025, focusing on transformative initiatives to improve the country's financial services landscape, according to Nairametrics.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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TCH's real-time payments can be larger; Mastercard to pay $254 million UK settlement

American Banker

The Clearing House increased its transaction limit from $1 million to $10 million; Mastercard settled a card fee lawsuit; and other news from the world of payments.

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Dtcpay to adopt a stablecoin-only payment model by 2025

The Paypers

Singapore-licenced cryptocurrency payment platform Dtcpay has announced plans to discontinue support for cryptocurrencies in favour of stablecoins.

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Patrick McHenry punts AI legislation to next Congress

American Banker

Rep. French Hill, R-Ark. — one of the leading contenders to chair the House Financial Services Committee next year — focused on 'debanking' of crypto and other companies in his questions to the witnesses.

Company 68
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Plumery launches UI/UX Factory to optimise mobile banking applications

The Paypers

Plumery has expanded its banking capabilities through the launch of UI/UX Factory, a software that was designed to accelerate application development for banks.

UX 41
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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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Regulators remind banks how to fight elder fraud

American Banker

The FDIC, OCC, NCUA and Fed each signed onto a letter that detailed strategies for mitigating financial crimes against older Americans.

FDIC 41
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Mastercard to settle collective UK lawsuit

The Paypers

US-based multinational payment card services corporation Mastercard has now gotten an agreement in principle to settle a UK lawsuit over card fees.

Cards 36
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How SEC chair nominee Atkins could shape housing policy

American Banker

Paul Atkins, a noted critic of the Consumer Financial Protection Bureau, will join the Financial Stability Oversight Council, where he will play a role in shaping housing policy.

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Emerging Social Media Platforms To Keep an Eye On

Image Works Direct

Well, it happened again – the election had a massive impact on social media. While there’s been a steady downturn in users on the social media platform X since it was purchased by Elon Musk, the last few weeks have seen the largest exodus of users to new platforms.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Wells Fargo to sell San Francisco headquarters, stay in city

American Banker

The building at 420 Montgomery St. could be put on the market as soon as this month, the Wall Street Journal reported.

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authID joins forces with Berify to redefine biometric authentication

The Paypers

authID , a provider of biometric identity verification and authentication solutions, has partnered with Berify , an organisation specialising in authentication, consumer experience, and signal harnessing.

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Citigroup faces $26 million in losses on Australian block trade

American Banker

The U.S. bank was unable to fully sell a block of shares in Australia's Goodman Group it had underwritten for China's sovereign wealth fund.

Groups 36
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Atome partners with Valiram to expand payment solutions

The Paypers

Atome , a digital financial services platform in Southeast Asia, has partnered with Valiram to enhance payment checkout options for customers in Singapore and Malaysia.

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5 Ways You Can Win Faster with Gen AI in Sales

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.