Wed.Jun 19, 2024

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A Return to Marketing Loans: Here’s What You Should Know

Image Works Direct

For many financial institutions, the high-rate environment put promoting loans on the backburner. Because we’re now beginning to see loan rates improve and financial institutions return to marketing loans, I asked our Senior National Account Manager, Colin Walsh, for his perspective on all things loan generation.

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3 Key Takeaways from XLoD 2024

Perficient

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. The event brought together the world’s top financial institutions and regulators to discuss the future of non-financial risk and control. With over 500 industry professionals in attendance, it showcased the unwavering commitment to practical innovation within the field.

Exercises 221
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Balancing the human touch with AI — a Q and A with Marbue Brown

ATM Marketplace

Marbue Brown, author, consultant, and CX executive, shares strategies for balancing AI with the human touch in customer experience development, the topic of his panel at the ICX Summit in Charlotte, NC on September 9-11.

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More business loans are going bad. Should banks be worried?

American Banker

The collateral that supports commercial and industrial loans is generally weaker than in commercial real estate, where banks can take over a devalued office building. Analysts say the loans merit a closer look as commercial bankruptcies rise.

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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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Securing Financial Systems: Mitigating Man-in-the-Middle (MITM) Attacks

ATM Marketplace

This article explores the threat landscape of Man-in-the-Middle (MITM) attacks on ATMs and ITMs, shedding light on the methods and goals of attackers. By placing a device between the ATM and the Host, attackers pursue objectives such as interception, eavesdropping, modification, and impersonation.

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EBA launches report on Embedded Finance

The Paypers

EBA has announced the launch of a new report, aimed at providing guidance for EBA members to understand the fundamental mechanism of Embedded Finance.

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JPMorgan's battle with Viva Wallet may be over, France attracts payments tech

American Banker

A London judge has issued an order that could lead the bank to sell the Greek fintech, while two large French financial institutions plan to build a processor.

Fintech 78
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Coinrule integrates with Bybit to automate futures trading

The Paypers

UK-based automated crypto trading platform Coinrule has integrated with cryptocurrency exchange Bybit to introduce Bybit Futures trading on the former’s platform.

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OneUnited releases Juneteenth TV ads, other institutions honor holiday

American Banker

A new debit card, a panel discussion and a concert are among the ways banks are commemorating the end of slavery in the U.S.

Cards 73
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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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Swan expands its Embedded Finance platform in Milan

The Paypers

European fintech Swan has announced the expansion of its Embedded Finance platform in the region of Milan, aiming to unlock a lucrative market for Italian businesses.

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Banks must understand their AI tools or risk running afoul of the law

American Banker

AI tools, such as large language models, offer the promise of increased efficiency; but they also carry with them potential legal and regulatory risks. Financial service providers will need to find a way to strike the right balance as technological advancements continue to emerge.

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DZ BANK to leverage Surecomp's RIVO platform

The Paypers

Global provider of trade finance solutions Surecomp has announced that its RIVO platform was selected by DZ BANK to improve its digital customer service capabilities.

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Banks must address bias in large language models

American Banker

All cultures have explicit and implicit biases. Preventing discrimination when large language models are involved starts with using high-quality human-curated data and text.

Data 41
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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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Prometeo enters the US market with its BAV offering

The Paypers

Prometeo has announced that it entered the US market via its Bank Account Validation (BAV) solution, supporting the connection between LATAM businesses and US banks.

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Beyond the Glass: Navigating the Future of Digital Banking with Galileo’s Derek White

The Financial Brand

This article Beyond the Glass: Navigating the Future of Digital Banking with Galileo’s Derek White appeared first on The Financial Brand. Live from The Financial Brand Forum 2024, Derek White shares insights on the opportunities in digital banking and the importance of measuring digital maturity. This article Beyond the Glass: Navigating the Future of Digital Banking with Galileo’s Derek White appeared first on The Financial Brand.

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TerraPay, Thredd partner to improve payment solutions

The Paypers

UK-based payments service provider TerraPay has entered a collaboration with Thredd , choosing the latter to enable its virtual card payments for global suppliers.

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The Customer is King: Why the CMO Must Become the Customer Expert

The Financial Brand

This article The Customer is King: Why the CMO Must Become the Customer Expert appeared first on The Financial Brand. M&T Bank's chief marketing officer talks how inspiration from Asian markets could inspire U.S. banking innovation and more. This article The Customer is King: Why the CMO Must Become the Customer Expert 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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Citibanamex, Belvo to advance financial inclusion in Mexico

The Paypers

Mexico-based Citibanamex has entered a collaboration with Belvo to advance financial inclusion by enabling individuals outside the banking sector to access credit.

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In the fight against junk fees, don't neglect international payments

American Banker

The Biden administration should widen the scope of its junk fee initiatives and provide small- and medium-size businesses with relief from excessive international payments charges.

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iDenfy launches risk assessment tool

The Paypers

Lithuania-based regtech provider iDenfy has announced the launch of its AI-enabled Customer Risk Assessment solution, completing its KYC/KYB/AML compliance suite.

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ESAs publish on the assessment of the SFDR

The Paypers

The ESA s have announced the publishing of a joint Opinion of the assessment of the Sustainable Finance Disclosure Regulation and a proposition for improvements.

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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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Laybuy's Australian, NZ arms go into receivership

The Paypers

The Australia and New Zealand-based arms of BNPL provider Laybuy have entered receivership in what the company’s officials call hard times for the fintech.

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Monavate partners with Know Your Customer

The Paypers

UK-based fintech Monavate has started collaborating with Know Your Customer to augment European compliance processes and increase trust in digital payments.

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Celcoin secures USD 125 million investment

The Paypers

Brazil-based financial and banking technology service provider Celcoin has announced that it secured a USD 125 million investment led by Summit Partners.

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Finbourne raises USD 70 mln to advance AI data solutions in finance

The Paypers

UK-based startup Finbourne has raised USD 70 million in Series B funding to help financial companies organise and use their data in AI and other models.

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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.