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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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
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
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
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.
Advertisement
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
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
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
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.
Advertisement
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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
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.
Expert insights. Personalized for you.
88 
Let's personalize your content