Mon.Apr 29, 2024

article thumbnail

Do the 5 C’s of Credit Still Matter?

Jack Henry

Technology is making an impact on credit and risk management. Click to learn how credit risk tools can be sharpened to meet the demands of the work and make solid loan decisions.

article thumbnail

Core banking modernization: Unlocking legacy code with generative AI

Accenture

Early trials with generative AI show that the tangle of legacy code that hinders every aspect of the transformation of banks’ core products and services could be quickly and effectively resolved. By Alvaro Ruiz, Global Core Banking Lead, Accenture. At the heart of most traditional banks is a mainframe computer running the software that defines… The post Core banking modernization: Unlocking legacy code with generative AI appeared first on Accenture Banking Blog.

Software 419
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Love’s is remaking stores and checkout

Payments Dive

The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.

Report 221
article thumbnail

BNP Paribas, Deutsche Bank embrace cost discipline in Q1

BankInovation

European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean into their tech investments. “We are maintaining our cost discipline,” Deutsche Bank Chief Executive Christian Sewing said during the $578 billion bank’s first-quarter earnings call April 25.

121
121
article thumbnail

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.

article thumbnail

NRF objects to Visa-Mastercard settlement

Payments Dive

The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.

National 221

More Trending

article thumbnail

Celebrate Accountholders This Financial Literacy Month

Jack Henry

April is Financial Literacy Month, and that means it’s time to write your annual blog and social posts on the importance of understanding personal finances and making smart long-term planning decisions. And with 60% of Americans lacking the basic budget, financial plan, or savings , it’s time to rethink our strategy.

article thumbnail

Commercial Construction to Permanent Loans - Build Smoothly and Smartly

Commercial Lending USA

Commercial construction to permanent loans make getting money for your dream project easy. You can get the amount that you need for your dream commercial space without all the hassles that come with other loan options.

Lending 98
article thumbnail

Fintech funding drops to four-year low in Q1

BankInovation

Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital and a change in priorities for investors. Global fintech funding clocked in at $7.

Fintech 74
article thumbnail

Michigan credit union helps members borrow from friends and family

American Banker

Michigan State University Federal Credit Union is working with the relationship-based lending app Zirtue to offer members a tool for outlining lending agreements and repayment plans.

article thumbnail

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

article thumbnail

The Bank of London launches GenAI assistant

The Paypers

The Bank of London has announced the launch of its GenAI assistant to address general and technical difficulties in real-time and aid enterprise API integration.

77
article thumbnail

Meet the bank that's replacing every debit card with wood

American Banker

GLS had already stopped issuing first-use plastic as of 2018, but it wasn't enough for the eco-minded German bank. Fake plastic still looks and feels like plastic.

Meeting 83
article thumbnail

HSBC chief Noel Quinn to step down after ‘intense’ five years

TheGuardian

Bank says it has started search for a successor as it reports quarterly profits beat forecasts Business live – latest coverage The chief executive of HSBC, Noel Quinn, is unexpectedly stepping down after an “intense” five years in the role, as the bank reported better-than-expected profits. Europe’s largest bank has kicked off a search for a successor and said Quinn, 62, will stay in the post until a new chief executive is found.

Report 68
article thumbnail

UMB Financial to acquire Heartland Financial for $2 billion

American Banker

The combination of the two regional banks is set to create a $64.5 billion-asset company with a 13-state footprint across parts of the Midwest, South and West.

article thumbnail

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.

article thumbnail

Glances: Bridging the Trust Gap in Banking

Realwired Appraisal Management Blog

Let’s talk trust. Not the warm and fuzzy kind, but the kind regulators demand – the kind that keeps the FDIC and OCC off your doorstep with their clipboards and furrowed brows. In banking, trust boils down to risk management. You’ve got policies, procedures, a mountain of acronyms (KYC, AML, BSA, anyone?

FDIC 59
article thumbnail

The Fed is talking, but markets still hear what they want to hear

American Banker

Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.

article thumbnail

Applications available for Bank Enterprise Award Program

ABA Community Banking

The CDFI Fund has kicked off the application process for the 2024 funding round of the Bank Enterprise Award Program. The post Applications available for Bank Enterprise Award Program appeared first on ABA Banking Journal.

article thumbnail

Hope Bancorp to buy Hawaii bank in $79 million deal

American Banker

The Los Angeles-based company, which focuses on Korean Americans, said the acquisition of Territorial Bancorp will allow it to expand its customer base.

article thumbnail

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.

article thumbnail

Alipay+ enables digital payments to 14 overseas e-wallets

The Paypers

Alipay+ has announced the initiative to enable digital payments of 14 international e-wallets from 9 countries in Hong Kong, aimed at the city’s global travel drive.

article thumbnail

Yes, your bank has a supply chain, and it's fraught with risk

American Banker

Extensive partnerships with third-party service providers, fintechs and other partners are the banking equivalent of a supply chain, and bankers need to be clear-eyed about assessing the risk associated with them.

Fintech 60
article thumbnail

Nubank launches of Nubank+ and partners with Max in Brazil

The Paypers

Brazil-based financial services platform Nubank has released Nubank+ to offer users cashback, free withdrawals, and free streaming via a partnership with Max.

48
article thumbnail

SBA's push to revive an old idea

American Banker

Isabel Casillas Guzman, administrator of the Small Business Administration, wants the agency to get involved in direct lending, a practice that was discontinued during the Clinton administration. Congress has not embraced the idea, to put it mildly.

Lending 48
article thumbnail

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.

article thumbnail

Paysafe launches Pay by Bank for iGaming

The Paypers

Paysafe has launched Pay by Bank for iGaming, a new solution allowing online bettors in the US to instantly and securely fund deposits at operators’ cashiers.

US 45
article thumbnail

Fulton details Philly boost it's getting from Republic First takeover

American Banker

The first bank failure of 2024 will result in the Lancaster, Pennsylvania-based Fulton nearly doubling deposits in Philadelphia, a market it has viewed as strategically important for several years.

article thumbnail

Monzo to finalise GBP 500 million fundraising

The Paypers

UK-based digital bank Monzo has announced the process of finalising a new GBP 500 million expanded funding, through a strategic deal with tech investor Hedosophia.

article thumbnail

Why Wellness Tech Will Redefine the Race for Deposits

The Financial Brand

This article Why Wellness Tech Will Redefine the Race for Deposits appeared first on The Financial Brand. Banking institutions need to grow deposits, but what if they could grow deposit balances as well? Here’s how financial wellness tech will define future deposit competition. This article Why Wellness Tech Will Redefine the Race for Deposits appeared first on The Financial Brand.

article thumbnail

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.