Wed.Aug 07, 2024

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Mobile, digital banking adoption jumps in Q2

BankInovation

Financial institutions are investing in their mobile and digital experiences as consumers flock to online channels for self-service banking.

Mobile 74
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JPMorgan fires up biometric payments processing

Payments Dive

The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

Payments 488
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How To Use Account Analysis Effectively (Part 1)

South State Correspondent

Data analytics combined with artificial intelligence is changing the strategy and tactics around account analysis and the analyzed checking account (which we will call a “transaction account”). In this two-part series, we want to explore the history, structure, and role of account analysis in Part 1 and then some insights and tactics on increasing bank profitability while benefiting the commercial customer.

Analysis 195
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Toast aims to move beyond restaurants

Payments Dive

The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.

Payments 459
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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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Bank allies say FDIC brokered deposit plan reflects outdated thinking

American Banker

Industry experts argue that the Federal Deposit Insurance Corp.'s recent brokered deposit proposal, which would expand the classification of brokered deposits and reverse key elements of a 2020 rule, reflects outdated thinking and may discourage banks from holding such deposits.

FDIC 90

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Two banks explain why they are going the BaaS 'middleware' route

American Banker

Lincoln Savings Bank and Vantage Bank are two new clients of banking-as-a-service provider Unit. They say it improves their ability to 'go direct' rather than hinder it.

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Anti-scam measures cut scam losses for CommBank customers in half

The Paypers

CommBank has called on all banks, telcos, and social media companies to join the process of protecting Australian customers from scams, as there is more to do across the market.

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Riding a strong regional economy, a Georgia bank plans more branches

American Banker

First National Community Bank CEO Ryan Earnest said his institution would likely use its entry into Paulding County, an Atlanta suburb, as a template for future expansion.

Georgia 77
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Hoping Remote Work Goes Away Isn’t a Strategy

Realwired Appraisal Management Blog

No bank wants the keys to office collateral. How do you reduce special assets/REO/workouts? Consider a strategic response and provide next-level relationship banking. Now’s the time to help your office borrowers with consulting. Your RMs have the time. Sweating Over Office Loans?

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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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Caring for the ‘future’

BankUnderground

David Glanville and Arif Merali Short term interest rate (STIR) futures are the bedrock of interest rate markets, used to price expectations of central bank policy rates and other UK rate derivative markets such as swaps and options (see Figure 1). They are key for the transmission of monetary policy and provide an avenue for interest rate risk hedging which is important for financial stability.

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Stablecoins draw new tech; Monzo entices U.S. consumers

American Banker

The Bank of England and the Bank for International Settlements have built a gauge to measure stablecoin reserves, and U.K. challenger bank Monzo is offering a bonus interest rate.

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Mondu BV receives an EMI licence from DNB

The Paypers

Germany-based B2B BNPL payment provider Mondu BV has announced that it obtained an Electronic Money Institution (EMI) licence from De Nederlandsche Bank (DNB).

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How CDFIs can help fix America's housing affordability crisis

American Banker

The same creativity and flexibility that community development financial institutions bring to business lending ought to be applied to financing affordable housing.

America 65
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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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Pine Labs launches UPI-focused payments platform

The Paypers

Pine Labs , an India-based merchant platform that provides payment solutions and Axis Bank have recently launched UPISetu, an UPI-focused payments platform for businesses and developers.

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Blackstone Targets Richer Clients Than Its Rivals for a New Fund

American Banker

The infrastructure fund dubbed BXINFRA targets individuals with at least $5 million of investments

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81% of survey participants see AI fraud as a new threat

The Paypers

Deduce, a patented technology platform together with Datos Insights has released a study showing trends in identity fraud growth within the financial industry.

Fraud 41
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Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There

The Financial Brand

This article Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There appeared first on The Financial Brand. Early retirement seems just out of reach for many – and will remain there for most. This article Magical Retirement Thinking: Most Americans Want to Retire Early, But Few Have Plans to Get There appeared first on The Financial Brand.

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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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J.P. Morgan Payments expands its partnership with PopID

The Paypers

J.P. Morgan Payments has announced that it expanded its collaboration with PopID to deploy in-store biometric payments to support merchants across the US.

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Citigroup's trading division hit with fresh toxic-culture claim

American Banker

A female employee is now suing ICAP and Citigroup, alleging she was subjected to years of unwanted sexual attention and threats by a Citi trader.

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Revolut and Tikkie simplify payments in the Netherlands

The Paypers

Revolut has integrated Tikkie , a popular Dutch payment app, to make it available to its Netherlands-based customers.

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The 5 Use Cases for Adding Generative AI to Your CX Strategy

The Financial Brand

This article The 5 Use Cases for Adding Generative AI to Your CX Strategy appeared first on The Financial Brand. Discover how to implement AI in customer experience without losing the human touch. Qualtrics' report offers a practical four-step playbook for success. This article The 5 Use Cases for Adding Generative AI to Your CX Strategy appeared first on The Financial Brand.

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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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finova Broker integrates Cashflows for digital payment processing

The Paypers

finova Broker , previously known as eKeeper Group and now a part of finova, has announced the integration of Cashflows , a platform that facilitates digital payment acceptance.

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IFC and Citi to support sustainable finance in Mexico

The Paypers

International Finance Corporation (IFC) and Citi have agreed to implement a USD 500 million facility in Mexico as part of a USD 2 billion sustainable supply chain finance programme.

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Sainsbury's partners with NCR Voyix

The Paypers

British supermarket chain Sainsbury’s has announced an extension of its partnership with digital commerce solutions provider NCR Voyix for an additional seven years.

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WorldFirst and Walmart aid China ecommerce sellers

The Paypers

WorldFirst , a digital payment and financial services platform has partnered with Walmart to help China-based ecommerce sellers collect funds from Walmart Marketplace.

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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.