Thu.Oct 05, 2023

article thumbnail

6 Tips for Effective Credit Risk Rating In Today’s Environment

Jack Henry

Falling asset values, deteriorating credit quality, and a reduced tolerance for risk have dimmed new loan appetite for many community banks and credit unions. Effectively assessing borrower and portfolio risk is more important now than ever before, driving everything from relationship and loan pricing to determining the reserves needed to mitigate economic fluctuations.

article thumbnail

Senate bill would let small businesses use SBA loans to cover fintech fees

Payments Dive

The Financial Technology Association is backing a bill that would clarify that loans made through the Small Business Administration’s flagship lending program can be used to pay for fintech services.

Fintech 459
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dana-Farber Cancer Institute, UBM, and Mecklenburg County Shine as Acquia Engage Awards Finalists

Perficient

Each year, Acquia hosts the esteemed Acquia Engage Awards , recognizing exceptional projects brought to life through their platform and products. The finalists have been announced, and Perficient is proud to have played a pivotal role in three projects that have earned finalist status in their respective categories. Excellence in Governance: Dana- Farber Cancer Institute Leaders of the Pack- Financial Services: UBM Regional Excellence- North America: Mecklenburg County These three projec

article thumbnail

Amex pilots biometrics in online checkout

Payments Dive

The card issuer is testing fingerprint and facial recognition with a fraction of its U.S. consumer cardholders before rolling out the capabilities more broadly early next year.

Online 284
article thumbnail

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.

article thumbnail

This week’s podcast episode: A close look at the Federal Trade Commission’s updates to its guides on the use of endorsements and testimonials in advertising and proposed rule on the use of consumer reviews and testimonials

CFPB Monitor

Our special guest is Michael Ostheimer, Senior Consumer Protection Attorney in the FTC’s Division of Advertising Practices. In June 2023, the FTC updated its guides that set forth the FTC’s position on how Section 5 of the FTC Act, which prohibits unfair or deceptive acts or practices, applies to the use of endorsements and testimonials in advertising. .

148
148

More Trending

article thumbnail

Bankers should be looking at the inverted yield curve with real alarm

American Banker

The financial landscape is currently riddled with warning signs that point toward potential liquidity issues for banks.

article thumbnail

Metro Bank shares plummet as bank prepares fundraising drive

TheGuardian

Stock falls by 25% in early trading as high street lender seeks to raise £350m to shore up its balance sheet Metro Bank shares have plunged after news that the high street lender is seeking to raise hundreds of millions of pounds to shore up its balance sheet. The bank – which was founded by the US billionaire Vernon Hill in 2010 – issued a market statement on Thursday , confirming that Metro was considering a “range of options”, which would remove barriers to further lending and growth.

Metro 88
article thumbnail

CFPB plans to hire 50% more enforcement attorneys, support staff

American Banker

The Consumer Financial Protection Bureau plans to hire 75 employees in its enforcement division as it boosts investigations against "large market actors," according to an internal email obtained by American Banker.

article thumbnail

What PR Pros Can Learn from Halloween

William Mills

Every year, as the days grow shorter, cold winds blow in from the north, and the barrier between our world and the world of ghosts and ghouls becomes thin, people don masks and disguises to evade the malevolent spirits that emerge to haunt the realms of the living. That’s how the old story goes anyways. Even if it isn’t actually true, its legacy endures, as people still love dressing up for Halloween.

article thumbnail

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.

article thumbnail

How to overcome roadblocks in financial services innovation

American Banker

A laser focus on intended outcomes and crystal clear communication helps maintain progress, according to banking experts.

How To 83
article thumbnail

Western Union provides international payments for Morocco earthquake victims

The Paypers

US-based money transfer service Western Union has enabled international money transfers for the victims of the Morocco earthquake, as well as relief donations.

US 78
article thumbnail

Electric vehicles may spark a new EMV standard

American Banker

The market for EV charging is fragmented and complex. EMVCo, the consortium behind the EMV chip-card protocols, has a plan to standardize this rapidly growing market.

Cards 81
article thumbnail

What is happening at Metro Bank and why is it in need of so much money?

TheGuardian

The bank is operating at the edges of its capital requirements and shares have tumbled by 30% Metro Bank’s shares plunged by 30% on Thursday after it emerged on Wednesday night that the lender was preparing to ask investors for hundreds of millions of pounds to shore up its balance sheet. Here’s what it means for the bank and its customers. Continue reading.

Metro 77
article thumbnail

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.

article thumbnail

Soft skills, emotional intelligence give female bankers an edge

American Banker

In technology and other departments, women can lead with much-needed "softer" qualities, panelists at the Most Powerful Women in Banking Conference said.

article thumbnail

On the job with … Citi TTS global head of instant payments director

BankInovation

Citigroup’s Treasury and Trade Solutions business is looking to hire someone to lead its global instant payments strategy amid the bank’s restructuring and efficiency efforts. The $2.

article thumbnail

Fed's Barr warns of looming AI 'arms race' for cybersecurity

American Banker

The Federal Reserve vice chair for supervision said advancements in technology could put banks in a "constant struggle" to stay ahead of hackers and other bad actors.

article thumbnail

Inside Ally’s AI playbook

BankInovation

Ally Financial has developed an AI playbook to help its employees better understand the technology and take part in its innovation. “AI playbook is the common language that we have created so everybody becomes immersive and understands AI and starts using it,” Sathish Muthukrishnan, chief information, data and digital officer, told Bank Automation News.

article thumbnail

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.

article thumbnail

NAB partners with Trovata on next-gen cash management solution

The Paypers

National Australia Bank (NAB) has partnered with fintech Trovata to launch NAB Liquidity+, an AI-enabled cash management, analytics, and forecasting platform.

article thumbnail

Special-Use Commercial Mortgage Loans

Commercial Lending USA

Special-Use Commercial Mortgage Loans

Lending 52
article thumbnail

Aeropay partners with UBank

The Paypers

Germany-based Aeropay has entered a strategic partnership with UBank to improve financial services in gaming.

48
article thumbnail

Workers have better views of employers who value diversity: Survey

American Banker

Employees are more likely to view diverse and inclusive environments as healthier places to work, according to new research presented at American Banker's Most Powerful Women in Banking conference.

Survey 45
article thumbnail

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.

article thumbnail

NatWest launches transaction categorisation service

The Paypers

UK-based bank NatWest has launched Enriched Transactions, a new transaction categorisation service.

48
article thumbnail

Common Home Loan Guarantor Questions Answered

Qudos Bank

Securing a home loan can be challenging, especially if you don't meet a financiers typical lending criteria. That's where a Guarantor for a home loan can make a significant difference. A Guarantor can play a vital role in helping you obtain a home loan by providing additional security to the lender. However, the concept of a Guarantor and the responsibilities involved can be complex and often raise several important questions.

Lending 40
article thumbnail

Nuvei launches updated solution for B2B payments in Canada

The Paypers

Fintech company Nuvei has announced the launch of its upgraded payments solution for business-to-business (B2B) payments in Canada.

article thumbnail

How the end of the student-loan pause could hurt deposit levels

American Banker

Following the end of a long moratorium for federal student loan borrowers, monthly payments are expected to total $18 billion. Much of that money will come from checking and savings accounts, which will put more pressure on banks' deposit bases.

article thumbnail

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.