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 195
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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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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 102
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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 195
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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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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.

More Trending

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A Closer Look: Turning the Magnifying Glass on Ourselves This World Kindness Day!

BankBazaar

This World Kindness Day, we’re looking at what kindness is through a different lens. We’re focussing on a more personal angle to talk about our own financial well-being and how being kinder to ourselves in this regard, can go a long way for us and our famil ies. Kindness can paint a very pretty picture in our heads if we think about it. Mostly what comes to mind are thoughts of giving to others—helping a friend, donating to a charity, or lending a hand to someone in need.

Taxes 78
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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 88
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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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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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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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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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20 U.S. banks with the most construction loans

American Banker

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

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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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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 77
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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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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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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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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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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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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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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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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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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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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.

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Mbank partners with AEP for Aani Instant Payments launch

The Paypers

Mbank has partnered with Al Etihad Payments Company (AEP), a Central Bank of the UAE (CBUAE) subsidiary, to introduce the Aani Instant Payment Platform on its mobile application.

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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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Client Spotlight: Steven Gillen of Oregon State Credit Union

Image Works Direct

Steven Gillen has seen a big evolution in credit union marketing. When he joined as Oregon State Credit Union’s Director of Marketing in 2013, there was a huge focus on brochures, signage, newspaper and radio ads. Today, his team spends the bulk of their time utilizing the digital sphere – search engine advertising, social media, email, push notifications and more.

Oregon 36
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Confronting the Change Challenge

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.