Tue.Sep 17, 2024

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Lawmakers push for crackdown on fintechs

Payments Dive

Two U.S. senators demanded tighter regulations on BaaS and fintech partnerships, saying they pose “a broader threat to the stability of our banking system and the economy.

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5 Strategies for financial institutions to thrive after rate cuts

Abrigo

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

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Strategic shifts to future-proof your lending business

Accenture

Drawing from our Commercial Banking Top Trends for 2024, this series explores how banks can modernize their lending business and differentiate the customer experience by integrating AI, machine learning and other advanced tools. Previously, we touched on the disruptions in lending and analyzed the first of six shifts necessary to future-proof one’s business.

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Block shuffles leadership, creates chief risk officer role

Payments Dive

Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.

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If It Ain't Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Banking social media strategy: Developing impactful content

ATM Marketplace

Regina DeMars, director of content marketing and social media strategy at FNBO, delivered a keynote session about content strategies that work at the Bank Customer Experience Summit.

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5 Effective Ways to Turbocharge Your Auto Loan Portfolio

SWBC's LenderHub

How Income Generation, Risk Management, and Transaction Enablement™ Help Your FI Win the Race Table of Contents 5 Ways to Effectively Turbocharge Your Auto Loan Portfolio Ensure Your Auto Loan Portfolio is Protected Don’t Get Lapped in Coverage Diversify Your Auto Loan Portfolio Make a Pit Stop with an Effective Collections System Create an Easier Way for Your Borrowers to Pay How You Could Benefit from Partnering with a Winning Pit Crew Lap the Competition with an Income Generation Crew Buckle

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JPMorgan explores taking over Apple card that Goldman wants to ditch

BankInovation

JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio that rival Goldman Sachs Group Inc. has been trying to ditch. The biggest US bank is among a slew of credit-card issuers that have explored taking over the Apple card, according to a person familiar with the matter. […] The post JPMorgan explores taking over Apple card that Goldman wants to ditch appeared first on Bank Automation News.

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4 Exciting Ways Transaction Enablement™ Will Improve Your Borrower Experience

SWBC's LenderHub

See How Innovative Payment Options Make Borrower Interactions Smoother In the ever-evolving landscape of financial services, borrower experience will always reign supreme. As technology advances, your financial institution will want to provide borrowers with the latest and most innovative technology that ensures every interaction with your financial institution is pleasant and convenient.

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How Citizens is prepping for open banking

BankInovation

Citizens Bank is investing in its API infrastructure, migrating operations to the cloud and teaming up with vendors to ready its operations for impending open banking regulations expected to be finalized in the United States in the fall. “We have been investing in this for over three years,” Michael Ruttledge, chief information officer and head […] The post How Citizens is prepping for open banking appeared first on Bank Automation News.

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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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3 Useful Ways Income Generation Products Benefit Financial Institutions

SWBC's LenderHub

Unlocking Financial Growth The financial industry is dedicated to helping borrowers achieve their goals by implementing solutions that protect and service them throughout the loan process. Through continuous evolution and adaptability, financial institutions aim to integrate new products and income-generating opportunities into their offerings to stay ahead of the curve and better serve their borrowers.

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ABA nominates officers, board for 2024–2025

ABA Community Banking

ABA’s Nominating Committee finalized the official slate of candidates to be presented for election at the association’s annual convention scheduled for Oct. 27-29 in New York City. The post ABA nominates officers, board for 2024–2025 appeared first on ABA Banking Journal.

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3 Amazing Benefits of Partnering with a Risk Management Crew

SWBC's LenderHub

Learn How a Risk Management Crew Can Help Your Financial Institution Mitigate Risk Every move your financial institution makes will involve some degree of risk. That is why managing your organization’s loan portfolio and collections can be a significant task to take on yourself.

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EverBank in Florida to acquire Michigan bank

ABA Community Banking

EverBank in Jacksonville, Florida, agreed to buy Sterling Bank and Trust in Southfield, Michigan, in an all-stock deal valued at $261 million. The post EverBank in Florida to acquire Michigan bank appeared first on ABA Banking Journal.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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We're in a critical moment for market accessibility and resilience

American Banker

The convergence of technology like blockchain with the continued evolution of rules and industry standards in traditional finance will shape the next era of market progress.

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Fireblocks and Chainlink accelerate regulated stablecoin issuance

The Paypers

US-based Fireblocks has partnered with Chainlink to provide an end-to-end technology for financial institutions looking to issue and transact regulated stablecoins.

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Carver, the struggling NYC-based Black bank, names its next CEO

American Banker

Donald Felix, who has previously worked at JPMorgan Chase and Citi, will become Carver's president and CEO on Nov. 1. He succeeds interim CEO Craig MacKay, who's been running the unprofitable bank for the past year.

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PUMA and Payrails team up to augment online payments

The Paypers

Payrails , a payment platform serving global enterprises, has joined forces with PUMA to collaborate on optimising the brand’s online shopping experience for its customers.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Who are the contenders to replace Jamie Dimon at JPMorgan Chase?

American Banker

As the 68-year-old CEO focuses on succession planning, here's a look at some of the longtime JPMorgan executives who could succeed him.

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IndiGo partners with Amadeus

The Paypers

India’s largest airline IndiGo has partnered with travel technology company Amadeus in order to make its New Distribution Capability (NDC) content available to travel sellers.

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Five Star to phase out its banking-as-a-service program by 2025

American Banker

The New York community bank cited the contribution of BaaS to its core financial results, evolving regulatory expectations, and the cost of talent and technology needed to scale as factors in this decision.

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Mastercard acquires Recorded Future to enhance cybersecurity

The Paypers

Mastercard has expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future for USD 2.65 billion.

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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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Markets hinge on Powell emulating Greenspan to avoid a recession

American Banker

Bonds and stocks are rallying ahead of a critical Fed meeting. But this time, the central question for Chair Jerome Powell is which approach — reducing rates by 25 basis points or 50 basis points.

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DailyPay launches Credit Health

The Paypers

US-based DailyPay has announced the launch of its new free financial wellness product, Credit Health, which will optimise the way workers monitor their credit scores.

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Kasisto, AI provider to banks, brings total funding to $90 million

American Banker

The company, which counts JPMorgan Chase and TD Bank Group among its customers, has also appointed a new executive chairman.

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Finastra integrates Prelim to streamline account opening process

The Paypers

Financial software provider Finastra has integrated fintech Prelim with its Finastra Phoenix core solution to augment retail and commercial deposit account opening.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se