Wed.Nov 13, 2024

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The resilience of small businesses: Insights for lenders

Abrigo

This article covers these key topics: Debt-service coverage ratios are steady. Leveraged has improved since 2019. Businesses' working capital cycles are longer. Interest coverage ratios have stayed strong. How lenders can leverage this data. Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience.

Lending 221
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Klarna files for IPO

Payments Dive

The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.

Security 370
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Nonbank lenders as global shock absorbers

BankUnderground

David Elliott, Ralf Meisenzahl and José-Luis Peydró Capital flows and credit growth are strongly correlated across countries. Macroeconomic evidence suggests that this ‘ global financial cycle ’ is largely driven by US monetary policy: expansionary policy by the Federal Reserve drives increases in lending globally, while contractionary Fed policy leads to a tightening of global financial conditions.

Policies 104
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Private sector merits ‘significant’ payments footprint, Waller says

Payments Dive

The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board member Christopher Waller said Tuesday.

Payments 195
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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20 U.S. banks with the most construction loans

American Banker

The top five banks have combined construction loans of more than $71 billion.

More Trending

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Elder fraud is rising. So is the pressure on banks to catch it.

American Banker

Recent multimillion-dollar elder fraud cases are leading to lawsuits and possible regulatory action.

Fraud 90
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Children’s Day Special: Teaching Children About Personal Finance

BankBazaar

Teaching children about personal finance is an invaluable gift that sets them on the path to financial independence and responsible money management. By starting early and integrating fun, practical lessons, you can equip your children with the skills they need to make informed financial decisions throughout their lives. As parents, one of the most valuable gifts we can give our children is a solid foundation in financial literacy.

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Key Takeaways from Jack Henry Connect | FinTalk

Jack Henry

Last year, I attended my very first Jack Henry Connect conference in Indianapolis as an experience ambassador. And in a serendipitous turn of events, I was invited back this year for round two. Who says no to that!?

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UK regulators set new rules to enhance resilience of service providers

The Paypers

UK financial regulators have established new rules aimed at enhancing the resilience of technology and third-party providers supporting financial firms.

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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.

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Regulators should stop trying to 'whack' so-called junk fees

American Banker

Bank fees don't arise from a naked profit-grab, but from an effort to offset current or expected losses. Eliminating one kind of fee just pushes banks to find an alternative method of recouping those losses.

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Visa Flexible Credential expands to the US and UAE

The Paypers

Multinational payment card services corporation Visa has announced that the Flexible Credential is now available in the US and the UAE, with the solution being launched together with Affirm , respectively Liv.

US 48
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Comerica sues CFPB over investigation into prepaid card program

American Banker

The Dallas-based bank is accusing the Consumer Financial Protection Bureau of "pursuing an aggressive and overreaching investigation" into its role in a Treasury Department prepaid card program.

Dallas 59
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BANCOMAT, Bizum, and MB launch EuroPA

The Paypers

European mobile payment solutions BANCOMAT , Bizum , and MB WAY have launched EuroPA, a service that focuses on interoperability through instant transactions.

Mobile 48
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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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U.K. pressures big tech as bank resiliency struggles

American Banker

The Financial Conduct Authority plans to regulate specific technology products that banks use to process payments and require testing. That and more in our global payments roundup.

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Klarna files for US IPO for a valuation between USD 15 and 20 bln

The Paypers

Fintech company Klarna has filed initial public offering (IPO) documentation in the US for a valuation between USD 15 billion and USD 20 billion.

US 45
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EverBank joins California's latest gold rush

American Banker

California's banking market, shaken up by big acquisitions and last year's crisis, is drawing financial institutions seeking opportunity.

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Mastercard launches Biz360 to support small business operations

The Paypers

Mastercard has introduced Biz360, a digital platform developed to help financial service providers support small business clients in managing essential business functions.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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How banks are prioritizing mental health in the workplace

American Banker

Amid growing awareness of mental health needs in the workplace, some banks are doubling down on benefits that go beyond traditional employee assistance programs. What's behind banks' heightened focus, and what's the long-term strategy for investing in this area?

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First Bank of Alabama taps Jack Henry for growth and innovation

The Paypers

First Bank of Alabama has selected Jack Henry ’s services to modernise the bank’s technology infrastructure to support continued growth and improve customer experiences.

Alabama 41
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Credit unions embrace alliances to stay relevant in payments

American Banker

Credit Union Service Organizations such as Prizeout, have seen increased interest as credit unions get on board with automation.

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Metro Bank fined nearly GBP 17 million by FCA

The Paypers

Metro Bank has been fined nearly GBP 17 million by the UK’s financial watchdog FCA for failings in its money-laundering controls over four years.

Metro 41
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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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Best Banks to Work For 2024 with less than $3B of assets

American Banker

The majority of banks on American Banker's Best Banks to Work For 2024 list are small banks with assets of less than $3 billion.

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Profit Connect: Tie Your Team to Profitability [VIDEO]

The Emmerich Group

In talking to hundreds of bank CEOs, I’ve heard the same repeated message. We’ve got good people. They have good customer service skills, but they don’t really know how to bring in the entire relationship at premium pricing, and they don’t really know how they tie to profit.

Video 36
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FDIC softened stance toward troubled bank, postmortem finds

American Banker

The agency had been on the verge of downgrading Philadelphia-based Republic First Bancorp's CAMELS rating to the lowest level but opted for a less severe remedy after a November 2020 visit.

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FIS and Oracle partner to bring payment capabilities to utility customers

The Paypers

FIS has announced a partnership with Oracle to offer improved billing and payment services for Oracle’s utility clients.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.