Fri.Oct 11, 2024

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A Tailored Experience: The North Star of Business Banking

Jack Henry

Small business accounts ‒ widely regarded as a source of stable deposits, loans, and fee income ‒ have long been a cornerstone for many community and regional banks. Yet only 29% of businesses feel their bank truly understands their specific needs.

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Stripe partners with Nvidia, Pepsi and Rivian

Payments Dive

The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

Software 396
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First-ever redlining order against a credit union delivers jolt

American Banker

A Philadelphia-area credit union's landmark redlining settlement with the Department of Justice has prompted strong responses from the industry's regulator and its leading trade group.

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Treasury official calls for new regulatory framework

Payments Dive

The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

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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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Survey finds small business confidence on upswing

American Banker

While companies trust banks and typically maintain their core relationship with them, the industry's dominant position is hardly set in stone, experts say.

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Learn the 7 shields of ATM security

ATM Marketplace

A webinar on ATM Marketplace discussed the seven shields of ATM security.

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A new calculus for challenging regulatory enforcement actions

American Banker

The Supreme Court ruled this year that companies facing civil money penalties have the right to request a jury trial. The ruling is going to change the way regulators and companies think about enforcement actions.

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Alaska Airlines selects Sift to mitigate fraud and manage chargeback disputes

The Paypers

Sift , an AI fraud protection platform that secures digital trust, has been selected by Alaska Airlines to mitigate payment fraud and manage chargeback disputes, while optimising the customer experience.

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Banker-led group shares advice on gen AI's hallucinations, other risks 

American Banker

Experts at Citi, Morgan Stanley and the London Stock Exchange have written a governance framework banks can use to mitigate the risks of generative AI.

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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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Grasshopper Bancorp to acquire Auto Club Trust

The Paypers

Grasshopper Bancorp and Auto Club Trust have announced that they have entered into a definite merger agreement, expected to close in the first half of 2025.

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First-ever redline order against a credit union shocks industry

American Banker

Citadel Federal Credit Union's $6.5 million deal with the Justice Department settles allegations of discriminatory lending around Philadelphia. It was the DOJ's first-ever redlining order against a credit union.

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tbi bank launches its technology hub in Turkey

The Paypers

tbi bank has revealed plans to launch its own tech hub, aimed at developing and integrating its services while broadening access to the international market.

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Bowman: Credit unions, nonbanks should be subject to same regulatory expectations as banks

ABA Community Banking

Credit unions and other nonbanks should be subject to the same regulatory and supervisory expectations as banks if they are engaged in the same activities, Federal Reserve Governor Michelle Bowman said. The post Bowman: Credit unions, nonbanks should be subject to same regulatory expectations as banks appeared first on ABA Banking Journal.

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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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Wells Fargo profit falls after debt investment restructuring

American Banker

The San Francisco bank posted a $447 million net loss on its debt securities and saw net interest income drop 11%.

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CDFI Fund guarantees $498M in bond funding for projects in low-income communities

ABA Community Banking

The CDFI Fund announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the largest amount in the program's history. The post CDFI Fund guarantees $498M in bond funding for projects in low-income communities appeared first on ABA Banking Journal.

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JPMorgan Chase earnings hit by credit costs

American Banker

The megabank's provisions for credit losses more than doubled from a year ago, while net income fell 2%

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Banked acquires Australian fintech Waave

The Paypers

Pay by Bank provider Banked has announced the acquisition of Australian payment technology firm Waave , establishing a partnership with Chemist Warehouse as well.

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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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Slower Payments?

Tomorrow's Transactions

I’ve just received a cheery email from my credit card provider entitled, “We’re improving your fraud protection.” I assume it is from them: it arrived amongst a barrage of emails telling me not believe what I read in emails. When online scamming was in its infancy, you could spot the difference but, as fraudsters’ skills,… Continue reading Slower Payments?

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EPC releases the first version of the VoP scheme rulebook

The Paypers

The European Payments Council (EPC) has announced the launch of the first version of the Verification of Payee (VoP) scheme rulebook developed to minimise fraud and increase trust in payments.

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Four Fresh Trends That Will Flip Bank Marketing in 2025

The Financial Brand

This article Four Fresh Trends That Will Flip Bank Marketing in 2025 appeared first on The Financial Brand. Marketing to Gen Alpha through their millennial parents is just one example of how strategies will be changing. This article Four Fresh Trends That Will Flip Bank Marketing in 2025 appeared first on The Financial Brand.

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FreedomPay teams up with Stripe to optimise how enterprises unify commerce

The Paypers

FreedomPay has partnered with Stripe to allow enterprises to leverage the latter's solutions for online and in-person payments together with their existing commerce tools.

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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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Can Banks Fix Our Stubborn CX Shortfall Versus Customer Expectations?

The Financial Brand

This article Can Banks Fix Our Stubborn CX Shortfall Versus Customer Expectations? appeared first on The Financial Brand. The need for deeper customer understanding is almost universally embraced. So why do so many banks struggle to deliver? This article Can Banks Fix Our Stubborn CX Shortfall Versus Customer Expectations? appeared first on The Financial Brand.

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Multitude Bank expands footprint with stake acquisition in Lea Bank

The Paypers

Multitude has announced that its subsidiary, Multitude Bank , has acquired a 9.9% stake in Lea Bank ASA, a digital bank focused on consumer financing in the Nordic countries and Spain.

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Former RBC exec Ahn gets new job; Citi's Raghavan shakes up team

American Banker

Canaccord Genuity Group hires Nadine Ahn, who was fired from Royal Bank of Canada in April; Citigroup establishes a new banking executive team to oversee its commercial and investment banking work under Vis Raghavan; and more in this week's banking news roundup.

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NoFrixion partners with CalQRisk for DORA compliance

The Paypers

Embedded Banking company NoFrixion has entered into a collaborative agreement with CalQRisk to ensure compliance with the EU’s Digital Operational Resilience Act (DORA).

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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.