Mon.Oct 14, 2024

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Putting the "Community" Into Community Banking

Jeff For Banks

Community banking has almost achieved Kleenex or Xerox fame, being generalized to the point of meaninglessness. PNC ($557 billion in total assets) calls itself a "Main Street Bank." Citadel Credit Union's website is CitadelBanking.com. One of my Navy division officers once told me, "Be careful pointing fingers, because the rest are pointing back at you.

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Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Accenture

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

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How Banks Create Liquidity Risk for Borrowers

South State Correspondent

In a previous article, we discussed how a loan’s maturity and amortization impacts credit risk and profitability from the bank’s perspective ( HERE ). In that article, we pointed out that the average commercial loan term at community banks has been decreasing and is now between 3.5 and 4.5 years. Much of the explanation for the decrease in term comes from the misconception that term rates or credit spreads will decrease when the Federal Reserve lowers short-term interest rates (there is no dire

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Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Accenture

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

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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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Worldpay taps Aeropay for gaming payments assist

Payments Dive

The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

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More Trending

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Barclays replaces Goldman Sachs as GM card issuer

Payments Dive

The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

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Existential Crisis: Can You Afford Both Avocado Toast and Retirement?

BankBazaar

Can you really afford both avocado toast and retirement or is your brunch habit setting you up for a lifetime of instant noodles? In this light-hearted piece, we explore the age-old question: Are millennials sabotaging their future with slices of avocado toast? Spoiler: it’s not the avocado’s fault. Let’s face it, nothing says “millennial” quite like the paradox of craving financial independence while simultaneously shelling out ₹300 for a slice of avocado toast.

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Safaricom extends its M-PESA Global service to Ethiopia

The Paypers

Safaricom has extended its M-PESA Global solution to Ethiopia in order to allow customers to make mobile money transactions from Kenya to Ethiopia.

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Will the CRA political football be kicked to the Supreme Court?

American Banker

Regulatory justice prevailed with a federal district court injunction staying the politically motivated CRA final rule, the most complicated and convoluted regulation ever. Depending on election results, it may end up in the Supreme Court.

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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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Alternative Airlines adds crypto payments with Triple-A

The Paypers

Alternative Airlines , a flight search and booking platform, has announced its partnership with Triple-A , a licensed digital currency payment provider.

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Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech

The Financial Brand

This article Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech appeared first on The Financial Brand. Letting technology flow in both directions can marry the best of banking and fintech. This article Banks Must Try the Flip Side of Embedded Finance: Embedded Fintech appeared first on The Financial Brand.

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Alchemy Pay adds Samsung Pay for virtual cards integration

The Paypers

Alchemy Pay , a cryptocurrency payment provider, has announced an update to its virtual card service, integrating Samsung Pay.

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Chase Amps Up Its Community Banking Push. Can Other Brands Compete?

The Financial Brand

This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand. Chase continues to push aggressive branching in its quest to blanket the country. The sheer scale of its ambitions could smother competitors. This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand.

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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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Commvault scales Google Cloud support

The Paypers

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has expanded its relationship with Google Cloud by launching Commvault Cloud Backup & Recovery for Google Workspace.

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FINRA navigates 'AI washing' as firms roll out client-facing gen AI 

American Banker

As more companies tout gen AI offerings, regulators are closely watching to see if what they say matches what they do.

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Mastercard scales its Identity Attribute Verification services

The Paypers

US-based Mastercard has announced the pilot launch of its Identity Attribute Verification service in several European countries to allow businesses to verify customer identity attributes more securely.

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3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking

The Financial Brand

This article 3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking appeared first on The Financial Brand. The banking triple threat: Digital prowess, instant payments and AI insights. Is your institution ready to lead the financial revolution? This article 3 Critical Capabilities to Ensure Community Banks and Credit Unions’ Stake in the Future of Banking 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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Deutsche Bank launches dbX

The Paypers

Germany-based financial institution Deutsche Bank has announced the launch of dbX, intending to advance the capabilities of its integrated correspondent banking ecosystem.

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G7 integrates Alipay+ with PayXpert

The Paypers

G7 has integrated Alipay+ in order to enable customers in France to make secure cross-border payments with their preferred wallet, in collaboration with PayXpert.

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TOKEN secures authorisation from NBR and becomes a payment institution

The Paypers

Token Payment Services ( TOKEN ) has announced that it obtained its authorisation from the National Bank of Romania (NBR), allowing the company to accept online payment operations at physical POS.

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AFS Partners with Zand Bank to empower fintech innovation

The Paypers

AFS has announced its partnership with UAE’s Zand Bank in order to provide fintechs processing services and the latter’s BIN Sponsorship and banking facilities.

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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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Vodafone, together with CybSafe, launches cybersecurity platform

The Paypers

UK-based Vodafone , together with CybSafe , has announced the launch of its cybersecurity platform to support SMEs in augmenting their organisational human risk.

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iDenfy partners with GlolinkOTC to integrate KYC/AML solutions

The Paypers

iDenfy has announced its partnership with GlolinkOTC to assist in delivering an improved onboarding experience for users of its fiat-to-crypto exchange service.

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ClearBank onboards its first European clients to T2

The Paypers

Real-time clearing and embedded banking enabler ClearBank has announced that it has successfully onboarded its first European clients to the T2 payment rail.

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Revolut introduces eSIMs in New Zealand to prevent roaming charges

The Paypers

Revolut , a global financial app, has declared that it is now providing its customers in New Zealand with eSIMs and global data plans.

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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.