BankUnderground

OCTOBER 17, 2024

James Waddell and Meghna Shrestha An increasing number of households in the UK are opting for longer-term mortgages, with the share of borrowers taking out new mortgages with terms 30 years or longer tripling since 2005. But who are these households, why have they done so, and what could this imply for financial stability? This blog presents some analysis to answer these questions, and focuses on three potential risk channels which could affect financial stability.

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Lending Policies Analysis Exercises 58

Payments Dive

OCTOBER 17, 2024

The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.

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Retail 418

Gonzobanker

OCTOBER 17, 2024

GenAI tools can do amazing things. Doling out financial advice and guidance isn’t one of them. A survey from the Motley Fool revealed some surprising—and, frankly, hard to believe—statistics about Americans’ use of the generative AI tool ChatGPT for financial advice. The study found that: 54% of Americans have used ChatGPT for finance recommendations.

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Apple Examples Tools Analysis 154

Payments Dive

OCTOBER 17, 2024

The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.

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Cards Report 195

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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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ATM Marketplace

OCTOBER 17, 2024

A panel at the Bank Customer Experience Summit analyzed banking regulations and how banks can comply without sacrificing the customer experience.

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Regulation Customer Experience 105

The Paypers

OCTOBER 17, 2024

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has partnered with Pure Storage to support financial institutions in meeting DORA requirements.

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Meeting Data 69

American Banker

OCTOBER 17, 2024

The Cleveland lender sold some $7 billion in bonds at a loss, leading to the fall in the bottom line. Excluding that hit, KeyCorp's profits rose 9%.

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Cleveland 78

The Paypers

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has initiated Project Aperta aiming to explore reducing frictions and costs in global finance by enabling cross-border data portability.

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Data 68

American Banker

OCTOBER 17, 2024

Pilots of the technology show it can produce double-digit productivity improvements. But among experienced staff, it can have a negative impact.

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Technology 83

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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

OCTOBER 17, 2024

Swift has announced its plans to introduce a new AI-enabled fraud detection to support the global payments sector in mitigating fraudulent activities.

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Fraud Payments 73

American Banker

OCTOBER 17, 2024

The North Carolina-based company reported a surge in third-quarter investment banking and trading income, which rose nearly 80% from the year-ago quarter.

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North Carolina Report Company 80

The Paypers

OCTOBER 17, 2024

Techcombank has announced its partnership with Databricks in order to optimise banking experiences for customers, through the use of improved data and AI solutions.

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Data 69

Bussman Advisory

OCTOBER 17, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: Dr David Sing / shutterstock.com The post Big Tech turns to nuclear for AI energy needs | GenAI startups grab 40% of cloud VC | AI-driven fraud surges in Europe’s finance sector appeared first on Bussmann Advisory AG.

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Fraud Fintech Payments 52

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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

ABA Community Banking

OCTOBER 17, 2024

“Mutuals Matter” is a national advertising, marketing and communications effort “that aims to shine a spotlight on what sets mutual banks apart from other financial institutions,” the banks said in a statement. The post New campaign seeks to raise public awareness of mutual banks appeared first on ABA Banking Journal.

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National Marketing Community Bank Community 52

American Banker

OCTOBER 17, 2024

The banks top a list of the largest banks in terms of AI talent, innovation and leadership.

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Leadership Capital Innovation Technology 87

ABA Community Banking

OCTOBER 17, 2024

How do community banks balance the need for cutting-edge technology and the human touch? Pamela Montpelier of Ballston Spa National Bank talks about how a laser-like focus on customer experience can help drive growth. The post Podcast: Laser-focused on the customer experience appeared first on ABA Banking Journal.

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Customer Experience Community Bank Community National 52

American Banker

OCTOBER 17, 2024

The Buffalo, New York-based bank said its commercial real estate portfolio continued to shrink, but this was more than offset by business and consumer lending.

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Lending New York 61

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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

OCTOBER 17, 2024

Plaid has launched new fraud calibration and Trust Index features for the Plaid Identity Verification, helping clients to keep track of their risk decisions and fight fraud.

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Fraud 41

Image Works Direct

OCTOBER 17, 2024

Meet Austin Spaulding, who plays a dual role as image.works’ Social Media Specialist and one of our talented copywriters. Originally from Bloomington, Illinois, he spends as much time as he can going to hear live music; his other favorite pastimes include movies, video games and camping.

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Austin social media Illinois Video 36

The Paypers

OCTOBER 17, 2024

Findity has launched its Real Time Card functionality, aiming to improve expense management with real time card transactions from Mastercard and Visa.

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Management Cards Tools 41

American Banker

OCTOBER 17, 2024

The Federal Deposit Insurance Corp. projected its Deposit Insurance Fund reserve ratio is expected to reach the statutory minimum of 1.35% by 2026 thanks to slower-than-expected insured deposit growth and a $7.5 billion increase in the DIF balance.

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FDIC Meeting Compliance Regulation 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

OCTOBER 17, 2024

The Interledger Foundation (ILF) and Wallet Guru have announced their collaboration to create a new payment model for services like telecommunications, utilities, and entertainment.

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Payments 36

American Banker

OCTOBER 17, 2024

Aside from one-time charges due to a balance sheet restructuring and layoffs, the bank's third-quarter operations beat expectations from a fee revenue bright spot.

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Texas Capital Operations 36

The Paypers

OCTOBER 17, 2024

Plaid has launched new fraud calibration and Trust Index features for the Plaid Identity Verification, helping clients to keep track of their risk decisions and fight fraud.

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Fraud 36

American Banker

OCTOBER 17, 2024

The Columbus, Ohio-based regional bank reported solid growth in loans, deposits and fee income and is projecting record levels of spread income next year.

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Columbus Ohio Regional Report 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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