South State Correspondent
DECEMBER 8, 2023
Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. This conference is crucial because it provides insight into small business banking and has a good mix of essential banking-focused topics with a heavy emphasis on the customer experience.
Payments Dive
DECEMBER 8, 2023
Sen. Dick Durbin took to the Senate floor Thursday to push for a vote on the Credit Card Competition Act, taking a swipe at United Airlines along the way.
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BankBazaar
DECEMBER 8, 2023
Do you have a toxic aunty in the family? You know, the one that hints around about finances or keeps asking why you’re not married yet? Yes, you know who we’re talking about! Come to think of it, maybe ‘anti’ is derived from the word ‘aunty’! Who knows? So, this ‘AUNTY-Corruption Day ’, here’s a poem to show you how not to be a shady aunty! On this Anti-Corruption Day, here is a tale, Of Credit Cards and scores , with a humorous trail.
Payments Dive
DECEMBER 8, 2023
The African payments company launched its remittance app in August as part of a push to facilitate more payments between the U.S. and Africa.
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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.
ATM Marketplace
DECEMBER 8, 2023
Self-service technology allowed operators to allocate employees to mission-critical tasks while ATMs and cash recyclers handled traditional transactions. Still, the specter of replacing human workers with machines has hung over the self-service trend.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
DECEMBER 8, 2023
On December 7, 2023, Atlantic Union Bank (the “Bank”) entered into a consent order with the Consumer Financial Protections Bureau (CFPB) related to its in-person and telephone overdraft opt-in sales practices during 2017-2020. The settlement requires the Bank to refund affected consumers $5 million in overdraft fees and pay a $1.2 million civil money penalty to the CFPB.
TheGuardian
DECEMBER 8, 2023
More community groups come forward to describe how shutdown suddenly left them unable to pay bills or staff Charities left in financial chaos after Barclays shuts accounts Barclays has been accused of “a complete disregard” for its customers by charities and community groups that have had their accounts frozen without warning, throwing them into financial chaos.
BankInovation
DECEMBER 8, 2023
As AI in the banking industry continues to grow, financial institutions must be confident in the accuracy and security of the technology, according to the Bank of England’s Dec. 5 Financial Stability Report.
American Banker
DECEMBER 8, 2023
Visa, Mastercard, SAP, Circle and many other financial firms are launching digital card accounts with an emphasis on B2B clients.
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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
BankInovation
DECEMBER 8, 2023
Major banks’ tech spend continued to climb in 2023 as financial institutions invested in AI to add efficiencies, train employees and jump-start innovation.
The Paypers
DECEMBER 8, 2023
Trovata has announced its partnership with the National Australia Bank in order to provide the latter’s corporate clients with optimised cash management via Liquidity+.
American Banker
DECEMBER 8, 2023
Five large U.S. banks are among 50 global financial institutions that climate activists are targeting as they push to end financing of metallurgical coal projects.
ABA Community Banking
DECEMBER 8, 2023
From the Basel III endgame to Regulation II to new Community Reinvestment Act and Section 1071, 2023 has delivered a regulatory onslaught for the industry. How are bankers navigating the waves of overlapping changes? The post Podcast: The bank policy outlook for 2024 appeared first on ABA Banking Journal.
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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.
American Banker
DECEMBER 8, 2023
Banks branches continue to shutter through October; First Carolina onboards fintech partner BM Technologies; ICBA announces its 2024 accelerator companies; and more in the weekly banking news roundup.
The Paypers
DECEMBER 8, 2023
Digital payments and software services company targeting self-service commerce Cantaloupe has launched new analytics tools in its Seed Pro software platform.
American Banker
DECEMBER 8, 2023
The Treasury Department's Community Development Financial Institutions Fund has introduced significant updates to the CDFI certification application, aiming to simplify the process and establish clearer standards for responsible lending and community development.
The Paypers
DECEMBER 8, 2023
Global asset manager BlackRock has announced it will roll out a suite of new generative AI-supported tools for bot employees and clients in the near future.
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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.
American Banker
DECEMBER 8, 2023
The 130-year-old Warsaw Federal Savings & Loan achieved a minority status after retooling its board this summer. Its CEO, who is also new to the job, has no plans to slow the pace of change at the depositor-owned bank.
The Paypers
DECEMBER 8, 2023
Network International has announced its partnership with Huawei in order to facilitate the digital payments journey for financial services players in the MEA region.
American Banker
DECEMBER 8, 2023
JPMorgan Chase is running into some pushback over fees and control as it aims to pull together a group of lenders to help fund private credit deals it originates, according to people with direct knowledge of the discussions.
The Paypers
DECEMBER 8, 2023
The Ernst & Young (EY) organisation has formed an alliance with Moody’s Analytics to help customers make data-driven decisions and manage risk.
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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.
American Banker
DECEMBER 8, 2023
Block is offering a new hardware Bitcoin wallet as crypto advocate Jack Dorsey focuses the payments company formerly known as Square more on security and self-governance for the digital-asset sector.
The Paypers
DECEMBER 8, 2023
Israel-based end-to-end payment security solution Trustmi has launched the Trustmi Certify tool in order to provide reliable protection for vendor payments.
American Banker
DECEMBER 8, 2023
The deadline for compliance with the Securities and Exchange Commission's new cyber disclosure regulations is coming. Banks need to be ready.
The Paypers
DECEMBER 8, 2023
BankDhofar has announced its partnership with Diebold Nixdorf in order to utilise its RM4V cash recycling engine for an overall improved customer experience.
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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.
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