American Banker
APRIL 8, 2025
The second-largest U.S. bank is pushing generative artificial intelligence out to most employees while continuing to offer its more traditional AI-based Erica virtual assistant to customers, says tech executive Hari Gopalkrishnan.
South State Correspondent
APRIL 8, 2025
In previous articles ( here and here ), we discussed how a portfolio of commercial loans with various expected average lives results in different net present value (NPV) of income and return over a ten-year period. We also identified ten variables that are responsible for extending the average expected life of a commercial loan. As we continue with a focus on managing loan life, we would like to demonstrate how the average expected life of a loan portfolio affects the efficiency ratio and compet
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Abrigo
APRIL 8, 2025
This article covers these key topics: The difference between 1D and 2D risk rating models How CECL has impacted the necessity of a dual approach Why the LGD variable is so difficult to pinpoint Does your risk rating framework align with your CECL needs? More banks are rethinking the value of two-dimensional (2D) risk rating models as CECL and real-world challenges with LGD raise questions about their practicality.
Payments Dive
APRIL 8, 2025
The company’s point-of-sale devices are manufactured overseas, and therefore subject to across-the-board import taxes.
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Why Legacy Lending Workflows Are Costing You More Than You Think Legacy systems and manual workflows might feel familiar, but they come with growing risks—compliance gaps, costly delays, and lost opportunities. This guide breaks down why clinging to traditional processes is no longer sustainable and how automation can help lenders regain control, improve efficiency, and reduce risk across the closing process.
ABA Community Banking
APRIL 8, 2025
The FDIC will waive some requirements for large bank resolution planning and take steps to boost de novo bank formation, particularly in areas of the country without a local community bank, Acting FDIC Chairman Travis Hill said. The post FDICs Hill: Agency to revisit resolution planning, de novo bank formation appeared first on ABA Banking Journal.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ABA Community Banking
APRIL 8, 2025
Nearly nine in 10 Americans with a bank account (89%) say they are very satisfied or satisfied with their primary bank and 93% rate their banks customer service as excellent, very good or good, according to an ABA survey. The post ABA survey: U.S. consumers happy with their bank, applaud fraud protection efforts appeared first on ABA Banking Journal.
Payments Dive
APRIL 8, 2025
The earned wage access provider lodged a lawsuit against the state after it was notified of alleged lending violations.
American Banker
APRIL 8, 2025
The largest asset manager globally announced Tuesday it will enter a new master custody service agreement with Anchorage Digital, the only U.S. federally chartered digital asset bank.
The Paypers
APRIL 8, 2025
Revolut has received a fine of EUR 3.5 million from Lithuania’s central bank for deficiencies in its anti-money laundering (AML) procedures.
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American Banker
APRIL 8, 2025
Deputy Attorney General Todd Blanche said regulators, not the DOJ, should pursue most crypto cases.
The Paypers
APRIL 8, 2025
Mondu has announced its partnership with Payin3 and Lemonway to strengthen its presence and B2B payment options in Europe.
American Banker
APRIL 8, 2025
The Federal Reserve Board terminated a 22-year-old cease-and-desist order against a one-time vice president of The Marathon Bank in Winchester, Virginia.
The Paypers
APRIL 8, 2025
The ECB has called on the EU to develop its own payment system in order to reduce dependence on foreign platforms, such as Visa, Mastercard, PayPal, and Alipay.
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American Banker
APRIL 8, 2025
Last month, the OCC opened the door to national banks interested in engaging with digital assets. That's a good thing, but there is a real need for clear legislative and regulatory guidance so they can move forward safely.
The Paypers
APRIL 8, 2025
Luckin Coffee has announced its partnership with Stripe in order to expand its services globally and enable optimised customer experiences.
American Banker
APRIL 8, 2025
The Federal Deposit Insurance Corp.
The Paypers
APRIL 8, 2025
A number of US-based financial technology firms, including Robinhood and Affirm have seen their stock prices fall sharply in the wake of recently introduced tariffs.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
American Banker
APRIL 8, 2025
The Office of the Comptroller of the Currency disclosed a significant email system security breach that revealed sensitive data about federally regulated banks. The breach follows a similar incident at the Treasury Department earlier this year.
The Paypers
APRIL 8, 2025
US-based Apex Fintech Solutions has entered into a multi-year strategic collaboration with Google Cloud to support the rollout of the Apex Ascend Investment platform.
American Banker
APRIL 8, 2025
Bill Pulte, making the announcement as chairman of Fannie Mae, did not provide additional details following earlier rumors of larger layoffs.
The Paypers
APRIL 8, 2025
US-based payment processing company Stripe has announced that its application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter was accepted by the state of Georgia’s Department of Banking and Finance.
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American Banker
APRIL 8, 2025
BlackRock veteran Mark Wiedman is taking the torch as president at PNC. The seeming successor to longtime CEO Bill Demchak will be tasked with helping the bank evolve.
The Paypers
APRIL 8, 2025
The Financial Conduct Authority (FCA) has revealed its plans to overhaul the regulatory framework governing alternative asset managers in the UK.
American Banker
APRIL 8, 2025
King, who spent 24 years at M&T Bank and departed with little explanation, will lead Fifth Third's operations in middle market commercial banking and wealth management.
The Paypers
APRIL 8, 2025
Philippines-based Security Bank has entered into a collaboration with Entrust to improve its electronic Know Your Customer (eKYC) process and augment digital onboarding.
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