Mon.Jul 15, 2024

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Goldman optimistic about AI financing

BankInovation

Goldman Sachs is recognizing opportunities for AI-related financing activities as companies continue to adopt the technology.

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BofA tackles digital payments pain points

Payments Dive

The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

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Community Bank Loan Performance Analysis

South State Correspondent

We conducted a loan performance analysis for over 5,000 individual hedged commercial loans originated by almost 400 community and regional banks across the country. We measured prepayment speeds, loan size, loan term, fee income, loan yield, credit performance, and return on equity (ROE) of hedged loans and compared this performance to community bank industry averages.

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Mastercard update travelers on latest card precautions

Payments Dive

With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

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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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Maintaining Digital Compliance with the PCI DSS 4.0

Cisco

Cisco plays a pivotal role in the evolution and implementation of the PCI DSS 4.0.1 standards, offering a suite of compliant products and advisory expertise to assist customers in navigating the significant security updates and phased rollout through March 2025.

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Goldman Sachs raises banker pay and bonuses after 150% surge in quarterly profit

TheGuardian

Wall Street firm says it spent $4.2bn on compensation and benefits for its 45,300 staff in the three months to June Goldman Sachs has increased banker pay including bonuses by 17% after profits more than doubled in the second quarter, following a rebound in dealmaking. The Wall Street firm said it spent $4.2bn (£3.2bn) on compensation and benefits for its 45,300 staff in the three months to June, up almost a fifth from the same period last year.

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How U.S. Bank climbed to the top in mobile app customer satisfaction

American Banker

In recent surveys conducted by Javelin Strategy & Research and Insider Intelligence, consumers gave the bank's app high marks. Many small-seeming improvements explain the ascent.

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Wirex, Visa to support Web3 payment adoption

The Paypers

UK-based digital payment platform Wirex has announced the expansion of its partnership with Visa , aiming to increase the use of digital currencies in the UK and the EEA.

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American Banker news quiz: July 15

American Banker

In this edition of American Banker's news quiz, catch yourself up on the latest news surrounding Project 2025, Patelco Credit Union's cybersecurity breach, fines against Citigroup and Fifth Third and more.

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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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BNY unifies tech solutions in Q2

BankInovation

BNY is unifying products and solutions on its platform to ensure its investment capabilities are readily available to clients in one place.

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FedNow's first year, and its impact on real-time payments

American Banker

The government-backed instant processing network has been live only since the summer of 2023, but it's already indirectly boosting usage at an unrelated bank-led rail from The Clearing House.

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SoftBank acquires Graphcore

The Paypers

Japan-based SoftBank has announced the acquisition of Graphcore , a UK-based artificial intelligence (AI) chipmaker, with the deal receiving full regulatory approval.

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The Comical Chronicles of a Chief Appraiser: Environmental Risk Shenanigans

Realwired Appraisal Management Blog

Enjoy this guest blog by Andrew Bailey, REM, CSRP, President of ECA Risk Management. Our industry has long been aware that environmental risk can have a substantial impact on determining the appraised values of real estate. It’s essential for banks, investors, property owners, and, yes, regulators, to understand these impacts.

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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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Alacriti and Lumin Digital partner for real-time payments

The Paypers

US-based digital payments fintech Alacriti has integrated Orbipay money movement services into Lumin Digital ’s platform to offer instant A2A transfers and digital loan payments.

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Banks can't afford to skimp on top-tier technological expertise

American Banker

The basics of good banking — a strong balance sheet, customer service and solid risk analysis — will always be important. But in the future, technological competence will be the difference between the sector's winners and losers.

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BNP Paribas partners with Ant International

The Paypers

BNP Paribas has announced its partnership with Ant International in order to further promote cross-border payment solutions for customers in Europe.

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Goldman Sachs has 'solid' second quarter as profits rise 14%

American Banker

Goldman's two main businesses — global banking and markets, and asset and wealth management — both recorded year-over-year increases in revenues during the second quarter. "We are pleased with our solid second quarter results," CEO David Solomon said Monday in a press release.

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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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Singaporean banks to safeguard against phishing

The Paypers

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that banks in the region plan to better protect customers against phishing.

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Debt collectors defend doctors in skewering CFPB medical debt plan

American Banker

The Consumer Financial Protection Bureau's proposal to eliminate medical debts from credit reports is under attack from debt collectors, which claim the rule will drive up litigation costs and drive doctors out of business.

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Genstar to acquire a stake in AffiniPay

The Paypers

Private equity firm Genstar has been planning on acquiring a significant stake in AffiniPay , a US-based payment service provider, in a deal possibly valuing the latter at USD 3 billion.

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Powell commits to finish Fed chair term, stays mum on future plans

American Banker

The Federal Reserve chairman has two years left in his term, which he will serve regardless of who occupies the White House. Powell's term on the Fed Board of Governors expires in 2028.

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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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ESAs publish paper on MiCAR

The Paypers

The European Supervisory Authorities , including EBA, EIPA, and ESMA, have published a consultation paper on Guidelines under Markets in Crypto-Assets Regulation (MiCAR).

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Supreme Court Rulings May Shake Up Banking Entry Decisions in Fintechs’ Favor

The Financial Brand

This article Supreme Court Rulings May Shake Up Banking Entry Decisions in Fintechs’ Favor appeared first on The Financial Brand. Analysis: Four decisions, taken together, may help fintechs and other nontraditional applicants seeking entry into the banking system. This article Supreme Court Rulings May Shake Up Banking Entry Decisions in Fintechs’ Favor appeared first on The Financial Brand.

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Coinbase launches unified web app for managing crypto portfolios

The Paypers

Crypto exchange Coinbase has rolled out a new Wallet web application to offer users a unified platform for managing their entire on-chain digital assets portfolio.

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Are You Ready for the Historic Deposit Term Tsunami?

The Financial Brand

This article Are You Ready for the Historic Deposit Term Tsunami? appeared first on The Financial Brand. Trillions in bank and credit union CDs are coming to term soon. Here are simple and effective marketing methods to influence the deposit negotiation typhoon on banking's doorstep. This article Are You Ready for the Historic Deposit Term Tsunami? appeared first on The Financial Brand.

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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.