Jack Henry
OCTOBER 4, 2023
Defense-in-depth is important in protecting against cyberthreats, as it provides multiple layers of security that can help prevent an attack. If one layer is breached, others are still in place to protect the system. This approach reduces the risk of a single point of failure and provides redundancy.
South State Correspondent
OCTOBER 4, 2023
In an article last week ( Here ), we discussed how the higher-for-longer interest rate environment will affect the community bank sector. Stable short-term rates for the next year or longer will increase cost of funds (COF), hold yields on loans steady, decrease net interest margin (NIM), and pressure return on equity (ROE) for new credit assets. We argued that community banks must learn to improve performance in a low-growth environment for the foreseeable future.
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BankUnderground
OCTOBER 4, 2023
Julia Giese, Michael McLeay, David Aikman and Sujit Kapadia Central banks have been using a range of monetary policy and macroprudential tools to maintain monetary and financial stability. But when should monetary versus macroprudential tools be used and how should they be combined? Our recent paper develops a macroeconomic model to answer these questions.
South State Correspondent
OCTOBER 4, 2023
If you want to grab a material amount of new deposit balance, offer a 5.05% money market rate, post it all over Instagram, and sit back and watch the money roll in. This approach has many problems, the first of which is a negative return on your investment (ROI). You will also end up cannibalizing existing balances, training customers to be rate-sensitive, and training employees, and you will be forced to spend more to keep those customers from walking out the door.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
TheGuardian
OCTOBER 4, 2023
Economic arm of UN says pro-growth stance needed, with interest rate rises increasing inequality Central banks risk tipping a stalling global economy into a full-blown recession unless they relax their 2% inflation targets and adopt a more pro-growth stance, the economic arm of the UN has warned. Pointing to evidence of a looming debt crisis in poor countries, the UN said the sharp rises in interest rates from the major central banks since 2021 had increased inequality and reduced investment but
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
OCTOBER 4, 2023
High street lender recently failed to convince regulators it could be trusted to hold less cash against its mortgage risks Metro Bank is considering raising hundreds of millions of pounds from investors, weeks after the high street lender failed to convince regulators it could be trusted to hold less cash against its mortgage risks. The high street lender, which became the first new chain in the UK for more than a century when it was launched by the American billionaire Vernon Hill in 2010, had
American Banker
OCTOBER 4, 2023
The world's biggest credit union will become the provider of banking services for U.S. armed forces members abroad, stepping into a void left by Bank of America. One credit union trade group is concerned that a potential deposit insurance snafu could threaten the program's viability.
CFPB Monitor
OCTOBER 4, 2023
Yesterday morning, the U.S. Supreme Court held oral argument in Community Financial Services Association of America Ltd. v. Consumer Financial Protection Bureau , a case we have been following closely on Consumer Finance Monitor because of its profound potential implications for the future of the CFPB. In the case, the Court will rule on whether the CFPB’s funding mechanism violates the U.S.
American Banker
OCTOBER 4, 2023
The fintech, a partner of OpenAI, is also a provider to several developers of emerging artificial intelligence.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
The Paypers
OCTOBER 4, 2023
Payment processor, Shift4 , has acquired SpotOn’s sports and entertainment business unit for USD 100 million in cash.
American Banker
OCTOBER 4, 2023
Singapore's regulators grant payment licenses to Ripple and Coinbase, Stripe expands pay-by-bank in Africa, U.K. regulators pressure Revolut and more.
BankInovation
OCTOBER 4, 2023
Say your financial institution has adopted new technology for customer service. How are you going to measure the success of this new investment? There are a few statistics or data points that likely come to mind first: increased sales, improved conversion rates, decreased operating costs, and so on.
American Banker
OCTOBER 4, 2023
Leaders from Huntington, Regions and Bank of Montreal spoke at American Banker's Most Powerful Women in Banking NEXT conference, sharing career advice rooted in their personal experiences.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
BankInovation
OCTOBER 4, 2023
Wells Fargo is adding to its technology team again. The $1.9 trillion bank secured former chief information and experience officer of Truist, Ken Meyer. The C-level executive announced his departure from his CIO position at the Charlotte, N.C.-based bank on Monday. “I’m happy to share that I’m starting a new position on Oct.
American Banker
OCTOBER 4, 2023
During a speech at a community banking research conference, the Federal Reserve Board governor emphasized the importance of an "evidence-based approach" to regulatory policy.
The Paypers
OCTOBER 4, 2023
The Bank for International Settlements (BIS) has partnered with several European central banks to create a crypto tracking platform.
American Banker
OCTOBER 4, 2023
The Securities and Exchange Commission is pushing ahead with its litigation against Coinbase, raising the stakes further in the case against the biggest U.S. crypto exchange.
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
BankInovation
OCTOBER 4, 2023
Lloyds Bank has selected payments behemoth Visa to provide a virtual card offering to its business customers. Visa Commercial Pay will give Lloyds Bank’s business customers access to virtual cards through which they can control spending, reconcile invoices and file expenses, a Sept. 27 Visa release stated.
Jack Henry
OCTOBER 4, 2023
Like that parched and ancient mariner surrounded by an undrinkable sea, it’s a special kind of torture to be awash in glorious data and not able to use it. And it stings even more knowing data analytics is critical to being able to serve your accountholders at their moment of need.
American Banker
OCTOBER 4, 2023
Federal Deposit Insurance Corp. Board Member Jonathan McKernan raised concerns Wednesday over his agency's justification for imposing higher capital on banks, saying they could give nonbanks a more competitive edge in certain activities.
The Paypers
OCTOBER 4, 2023
Global provider of payments and financial services technology Fiserv has joined the Swift Partner Programme as a Platform Partner.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
Commercial Lending USA
OCTOBER 4, 2023
Commercial hard money loans. Offer a unique financial tool that empowers real estate investors and business owners.
American Banker
OCTOBER 4, 2023
At the Most Powerful Women in Banking conference, asset management leader Jenny Johnson discussed opportunities and risks for portfolio managers in 2023.
The Paypers
OCTOBER 4, 2023
US-based blockchain and crypto solutions company Ripple has been granted an MPI licence from the Monetary Authority of Singapore (MAS).
American Banker
OCTOBER 4, 2023
The former Bank of the West CEO told honorees at American Banker's Most Powerful Women in Banking NEXT Awards ceremony to be confident in themselves, but also to have empathy for others as they strive for senior management positions.
Advertiser: ZoomInfo
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
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