Payments Dive

JANUARY 24, 2024

Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.

Cards 408

Cards New York Report 408

Abrigo

JANUARY 24, 2024

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. Use this guide to understand available tools and the steps AML and fraud teams should take. You might also like this FedNow implementation guide with details on appropriate AML/CFT and fraud considerations. DOWNLOAD Takeaway 1 Preventing fraud is a top concern of credit unions considering adopting FedNow, the new instant payments infrastructure from the Federal Reserve.

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Fraud Payments Software Policies 221

Payments Dive

JANUARY 24, 2024

“Looking inward, I realized we grew our org too quickly,” founder and co-CEO Pedro Franceschi said in a message to employees.

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Abrigo

JANUARY 24, 2024

Account for the details before your FDIC bank acquisition Consider these tips for assessing your institution and a to-be-acquired institution for a smooth integration You might also like this webinar, "Valuation and purchase accounting: Navigating the changing M&A landscape." Watch NOW Takeaway 1 With the FDIC increasing examination staff and 44 banks on the problem bank list last quarter, some acquisitive institutions are considering the FDIC bid process.

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FDIC Regulation Strategy Data 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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Payments Dive

JANUARY 24, 2024

With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

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CFPB Monitor

JANUARY 24, 2024

The Board of Governors of the Federal Reserve (the “Board”) has announced that it is extending the comment period for its proposed changes to its debit card interchange fee rule until May 12, 2024. Comments were originally due on February 12, 2024. On October 25, 2023, the Board issued a Notice of Proposed Rulemaking for Regulation II.

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Cards Regulation 78

American Banker

JANUARY 24, 2024

The Oklahoma-based regional bank expects 6%-7% loan growth in the year ahead. Executives are also projecting that net interest income will start to improve after the metric hits a trough early this year.

Oklahoma 87

Oklahoma Lending Regional 87

BankInovation

JANUARY 24, 2024

Technology leaders from KeyBank will join Bank Automation Summit U.S. 2024 to discuss balancing automation and efficiencies and robotic process automation. KeyBank Chief Transformation Officer Dominic Cugini and domain manager of service digitization Mike Reynolds will join the speaker faculty at the summit. Cugini will speak Tuesday, March 19, at 9:10 a.m.

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Management Technology 74

American Banker

JANUARY 24, 2024

Hood, who was first appointed to the National Credit Union Administration in 2005, explained what drove his focus on financial inclusion and the technology that promises to make it possible.

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National Technology Industry 85

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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

Community Bank

BankInovation

JANUARY 24, 2024

Financial institutions are investing in digital and mobile banking offerings, closing out 2023 with an uptick in digital adoption. This trend was prevalent in the fourth quarter of 2023 for large and small financial institutions alike. At Puerto Rico-based, $18.

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Puerto Rico Digital Banking Trends Mobile 74

William Mills

JANUARY 24, 2024

As credit union leaders reflect on the past year and look toward the new year, growing deposits will continue to be a priority. Deposits are the lifeblood of any financial institution, and emphasizing deposits in 2024 is key to long-term growth and stability.

Strategy 74

Strategy Marketing 74

BankInovation

JANUARY 24, 2024

Mastercard extended its collaboration with The Clearing House today to allow customers and businesses to use real-time payments. Mastercard will be the exclusive instant payments software provider for The Clearing House’s (TCH) RTP network, according to a news release from Mastercard.

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Software Payments 74

American Banker

JANUARY 24, 2024

The Bank Term Funding Program, established during last year's liquidity crunch, will stop issuing new loans on March 11. Until then, banks can still borrow from the facility, though at less favorable terms.

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Lending Policies 87

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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.

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The Paypers

JANUARY 24, 2024

National Australia Bank (NAB) has partnered with Microsoft to provide a free cyber assessment tool to help Aussie small businesses prepare for and recover from a cyber-attack.

National 74

National Tools 74

American Banker

JANUARY 24, 2024

Barclays has redesigned the Cambridge Eagle Lab to focus on companies that develop sustainable and other environmentally focused technology, Vodafone expanded its partnership with global fintech MoneyHub to offer its financial wellness app, and more in this week's global news roundup.

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Fintech Technology Company Payments 85

TheGuardian

JANUARY 24, 2024

Biggest reduction since December 2021 will allow 1tn more yuan to be released in form of new loans China’s central bank has announced a surprise cut to the amount of cash that banks must hold in reserve, hoping to boost the lending available to households and businesses as policymakers try to steer the economy through a fragile recovery. Pan Gongsheng, the governor of the People’s Bank of China (PBOC), said on Wednesday that the reserve requirement ratio would be cut by 0.5% from 5 February, the

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Lending 68

American Banker

JANUARY 24, 2024

In a bid to help phase out passwords, Mastercard is launching an authentication service that enables consumers to confirm their identities with fingerprint and facial recognition technology when signing in to accounts.

Technology 80

Technology Payments 80

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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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TheGuardian

JANUARY 24, 2024

The investment company is also outsourcing work, selling offices and renegotiating contracts while recognising ‘performing colleagues’ Fund manager abrdn has said it plans to keep paying bonuses despite slashing 500 jobs and outsourcing more work as part of a £150m cost-cutting drive designed to boost profits. The investment company is cutting jobs at head office and in its back office support teams but said that frontline staff who deal with clients would not be at risk.

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Management Company 62

The Paypers

JANUARY 24, 2024

Banking solutions provider NCR Atleos has announced that Grow Financial Federal Credit Union has chosen its Atleos ATM-as-a-Service (ATMaaS) to augment the self-service banking channel.

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ATM 41

American Banker

JANUARY 24, 2024

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

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Lending Financial Technology Security Operations 36

The Paypers

JANUARY 24, 2024

iDenfy has announced a new partnership with StackGo, an Australia-based software development company specialising in financial services, legal, real estate, and education sectors.

Software 36

Software Company 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.

Lending

American Banker

JANUARY 24, 2024

John Watt, 65, will step down in May after more than seven years as president and CEO of NBT Bancorp in Norwich, New York. The plethora of internal candidates to succeed him made the decision a no-brainer, Watt says.

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New York Community Bank Community 36

Image Works Direct

JANUARY 24, 2024

image.works is pleased to announce that The Financial Brand, a well-known digital publication and source for financial marketing news, has published an article created by our copy team on the topic of IP targeting and its strength as a strategy for promoting deposit accounts.

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Branding Strategy Marketing 36

American Banker

JANUARY 24, 2024

The private equity firm Caryle is buying a $415 million student loan portfolio from Truist Financial. It's also investing in a nonbank student lender called Monogram that works with banks and credit unions.

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Lending 36

The Paypers

JANUARY 24, 2024

Onfido has launched its Compliance Suite, an all-in-one identity verification solution to help businesses expand into new markets and meet local regulatory needs for customer onboarding.

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Compliance Meeting Marketing 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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