Thu.Nov 23, 2023

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Why lower house prices could lead to higher mortgage rates

BankUnderground

Fergus Cumming and Danny Walker Bank Rate has risen by more than 5 percentage points in the UK over the past couple of years. This has led to much higher mortgage rates for many people. In this post we analyse another potential source of pressure on mortgagors: the potential for falls in house prices to push borrowers into higher – and therefore more expensive – loan to value (LTV) bands.

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Australian banks buckle to pressure and vow to block transfers to suspect accounts

TheGuardian

Consumer groups have long lobbied for institutions to crack down on scams by rejecting transfers if name and bank details of recipient don’t match Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , free app or daily news podcast Australian banks have buckled under pressure and will do more to fight scams by introducing technology that would block customers from transferring money to some fraudulent accounts.

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How foster youth become financially forgotten

American Banker

Young adults exiting the foster care system often lack the documents and relationships they need to engage with financial products early on. Some advocates, including many in the Texas Legislature, are working to change that.

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Chinese shadow bank admits £30bn shortfall after ‘management ran wild’

TheGuardian

Zhongzhi, a wealth manager with links to China’s ailing property market, says it is ‘severely insolvent’ One of China’s biggest financial conglomerates with links to the country’s ailing property market has admitted a shortfall of nearly £30bn as it warned investors that it is “severely insolvent”. Zhongzhi, an asset and wealth management company in China’s shadow banking sector, said its total assets amounted to 200bn yuan (£22.5bn) against obligations of up to 460bn yuan, in a letter to shareh

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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BLIK expands in Romania and Slovakia

The Paypers

Poland-based mobile payment system BLIK has announced its partnership with DXC Technology in order to modernise its services and expand across Romania and Slovakia.

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Crezco raises USD 12m in Series A funding and partners with Xero

The Paypers

UK-based SME payments fintech Crezco has raised USD 12 million in a Series A funding round and entered into a partnership with Xero.

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Inside the mind of Sam Bankman-Fried

American Banker

Michael Lewis takes a more sympathetic approach than many other observers to the former CEO of the crypto exchange FTX in his latest book, "Going Infinite.

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dLocal expands partnership with eSky Group

The Paypers

Emerging markets payments provider dLocal has extended its partnership with eSky Group to merge payments with modern airline and travel capabilities.

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2024 Marketing Roadmap: More Customer Focus, More Streamlining & Fresh Takes on Life’s Milestones

The Financial Brand

This article 2024 Marketing Roadmap: More Customer Focus, More Streamlining & Fresh Takes on Life’s Milestones appeared first on The Financial Brand. Common wisdom says economic uncertainty means smaller marketing budgets. But Comperemedia says the bold should double down for growth. This article 2024 Marketing Roadmap: More Customer Focus, More Streamlining & Fresh Takes on Life’s Milestones appeared first on The Financial Brand.

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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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KuCoin launches KuCard, a crypto card powered by Visa

The Paypers

Seychelles-based cryptocurrency exchange KuCoin has unveiled the KuCard, a cryptocurrency debit card that merges digital assets with traditional banking.

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Power to the People: How to Get Banks, and Regulators, to Embrace AI For Investment

The Financial Brand

This article Power to the People: How to Get Banks, and Regulators, to Embrace AI For Investment appeared first on The Financial Brand. Why leadership from the big banks is needed to drive regulatory clarity on the use of AI in investing products and services. This article Power to the People: How to Get Banks, and Regulators, to Embrace AI For Investment appeared first on The Financial Brand.

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Funding Circle partners with Atom Bank

The Paypers

UK-based lending platform Funding Circle has partnered with Atom Bank to provide small and medium-sized enterprises (SMEs) with convenient access to funding.

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iPay partners with Visa

The Paypers

iPay has announced its partnership with Visa in order to introduce the latter’s Tap-to-Phone technology to simplify digital payments for customers in Kenya.

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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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Hong Kong SFC revises ZA Bank's licence registration

The Paypers

The Hong Kong Securities and Futures Commission (SFC) has revised ZA Bank ’s licence registration and granted the bank permission to launch US stock trading.

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Binance agrees to USD 4 billion settlement in US crypto probe

The Paypers

Cryptocurrency exchange Binance has agreed to pay USD 4 billion to settle an investigation from the US Department of Justice.

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Eliq secures EUR 10 million in financing

The Paypers

Sweden-based software company Eliq has announced the release of a EUR 10 million funding round in financing for its expansion across the region of Europe.

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Open Banking's influence on the UK's payments

The Paypers

The UK has commissioned a review of its payment sector which identified Open Banking as a method of improving the country’s consumer A2A payment journey.

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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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UrbanThings partners with Littlepay

The Paypers

UK-based transport technology provider UrbanThings has partnered with Littlepay to introduce mobile payments on the Newport Bus and Ipswich Buses apps.

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Mastercard partners with Industrial Development Bank

The Paypers

The Industrial Development Bank (IDB) has announced its partnership with Mastercard to drive financial inclusion and support Egypt’s digital transformation strategy.

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Xion Global taps G+D to launch a new financial solution

The Paypers

South Africa-based Xion Global has launched a new financial solution by leveraging technology from Giesecke+Devrient (G+D).

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Thought Machine partners with Trafalgar

The Paypers

Trafalgar has partnered with Thought Machine to build a Mexico-based fintech deployed on next-generation core technology.

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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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ScotPac and Ebury partner to help Australian businesses expand globally

The Paypers

Australia-based non-bank business lender ScotPac has teamed up with financial services provider Ebury to facilitate global trade for all businesses.

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Škoda partners with Parkopedia to launch a Pay to Fuel service

The Paypers

Czech Republic-based automaker Skoda has partnered with UK-based connected car services provider Parkopedia to launch a new Pay-to-Fuel service.

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Shufti Pro secures QG-GDPR certification

The Paypers

ID verification service provider Shufti Pro has attained a QG-GDPR certificate in order to ensure secure and transparent user data collection for its global clients.

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Astra Tech partners with O-Gold to support digital gold transactions

The Paypers

UAE-based fintech Astra Tech has partnered with SAM Precious Metals and O-Gold to offer a seamless and secure solution to trade, invest, and exchange gold for UAE Botim users.

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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.