Payments Dive
SEPTEMBER 26, 2022
The use of biometrics to authenticate payments is poised to bring more security and speed to transactions, but some say broad adoption on the part of consumers and merchants is still far from reach.
Accenture
SEPTEMBER 1, 2022
As promised in our last post, today we are diving deeply into why a technology integration strategy is a critical enabler for a successful fintech acquisition and for fostering (and, ideally, for accelerating) the growth of the fintech. Historically, the banking industry has been slow to modernize. This makes it challenging for most incumbent banks….
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SWBC's LenderHub
SEPTEMBER 9, 2022
In season four of Stranger Things, Eleven and the crew battle an ambiguously undead supervillain and his cadre of squelching vines and vampiric bats in the Upside Down to save the world.
CFPB Monitor
SEPTEMBER 23, 2022
The CFPB recently issued a Request for Information Regarding Mortgage Refinances and Forbearances (RFI ) Comments on the RFI will be due 60 days after publication in the Federal Register. In the release announcing the RFI, the CFPB states that the RFI “is an example of the CFPB’s new approach to promoting competition and new products.” “Rather than providing special regulatory treatment of individual firms, the CFPB will seek to identify stumbling blocks for those seeking to challenge the statu
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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.
BankUnderground
SEPTEMBER 23, 2022
Emily Clayton and Martina Fazio. Debt creates threads between the financial system and the real economy. These threads transmit shocks across a web of connections, meaning that financial shocks may pose risks to households and businesses, and real-economy shocks may jeopardise financial stability. These threads can also become entangled into knots – sources of inefficiency.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
SEPTEMBER 1, 2022
Visa's CFO on Wednesday brushed off any concerns about the threat of new competition from FedNow, or any other real-time payments system.
Accenture
SEPTEMBER 28, 2022
I’ve been hearing a lot about the metaverse and how it’s going to shake up all sorts of markets, and I began to wonder what it will mean for the auto and equipment finance sector. Here in the US, the Today Show recently brought the metaverse to life in a segment every day for a…. The post What is the metaverse and why should you care now? appeared first on Accenture Banking Blog.
SWBC's LenderHub
SEPTEMBER 30, 2022
One of the most common ways your borrowers can suffer significant loss of income is through a disability. While many disabilities cause only temporary loss of income, the average long-term disability lasts 31.2 months.
CFPB Monitor
SEPTEMBER 22, 2022
Expressing a range of concerns, several key industry groups submitted comments to the Federal Trade Commission (“FTC”) last week regarding its proposed rule that would impose new substantive and disclosure obligations on auto-dealers in the auto finance process. The public comment period for the notice of proposed rulemaking (“NPRM”) regarding the Motor Vehicle Dealers Trade Regulation Rule (the “Rule”) closed on September 15, 2022 after the FTC declined in August to extend it.
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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
BankUnderground
SEPTEMBER 8, 2022
Giovanni Covi, James Brookes and Charumathi Raja. How banks are exposed to the financial system and real-economy determines concentration risk and interconnectedness in the banking sector, and in turn, the severity of tail-events. We construct the Global Network data set , a comprehensive exposure-based data set of the UK banking sector, updated quarterly, covering roughly 90% of total assets.
ABA Community Banking
SEPTEMBER 29, 2022
Insights from the 2022 Federal Reserve/CSBS survey of community banks. The post One in 10 community banks planning to launch crypto services appeared first on ABA Banking Journal.
Payments Dive
SEPTEMBER 10, 2022
An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard.
TheGuardian
SEPTEMBER 30, 2022
Three homebuyers on how they have been affected by the collapsing mortgage market Frances, 30, works in the healthcare sector and has been trying to sell her house in Cambridge in order to buy a bigger home in Bristol. In the past couple of weeks the chain for her house sale has collapsed twice, forcing her and her husband into a third attempt to upsize.
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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.
BankInovation
SEPTEMBER 22, 2022
Corporate One Federal Credit Union is a leading wholesale financial services provider for more than 750 of America’s credit unions. Recognizing that credit unions found core banking systems costly and slow to customize, Corporate One sought a technology partner with which to launch digital services that members could consume and adapt at speed and scale. […].
CFPB Monitor
SEPTEMBER 22, 2022
In a blog post on Monday , the CFPB advised that it is concerned about the impact of rising car prices on consumer’s financial health, particularly consumers with sub-prime or near prime credit scores. The most recent Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York concluded that the total dollar value of outstanding auto loans rose to $1.5 trillion last quarter, an increase of $33 billion from Q1 to Q2 this year.
BankUnderground
SEPTEMBER 30, 2022
Benjamin King and Jamie Semark. Open-ended funds (OEFs) offer daily redemptions to investors, often while holding illiquid assets that take longer to sell. There is evidence that this mismatch creates an incentive for investors to redeem ahead of others, which could lead to large redemptions from OEFs and asset price falls. Some research has suggested that ‘ swing pricing ’ can help to moderate these redemptions, but until now, no-one has considered the impact of its use on the wider economy.
The Paypers
SEPTEMBER 6, 2022
The Bank of Russia , the country’s central bank, has admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
Payments Dive
SEPTEMBER 22, 2022
With cart abandonment costing online retailers up to $136 billion annually, Coresight Research’s findings suggest they might want to focus on total purchase price more closely matching shopper expectations.
TheGuardian
SEPTEMBER 26, 2022
Friday is last day Bank of England’s old-style notes will be legal tender, having been replaced by polymer versions The Post Office is preparing for a “last-moment” rush of customers depositing paper £20 and £50 banknotes this week, before they can no longer be used in shops or to pay businesses. This Friday, 30 September, is the last day the Bank of England’s paper £20 and £50 banknotes will have legal tender status, having been replaced by new polymer versions.
BankInovation
SEPTEMBER 16, 2022
NEW YORK CITY — U.S. Bank is exploring additional language options for its voice-enabled Smart Assistant over the next three to five years. “Something we’re just getting into is multilingual,” Sierra Fontana, user experience designer of the Smart Assistant at U.S. Bank, said during the panel discussion “AI in Action: How Smart Players are Harnessing […].
CFPB Monitor
SEPTEMBER 1, 2022
The Federal Trade Commission has entered into a consent order with Credit Karma, LLC to settle the FTC’s claims that Credit Karma engaged in deceptive acts and practices in violation of Section 5 of the FTC Act by making false or misleading claims that consumers were pre-approved for certain credit products. The order requires Credit Karma to pay $3 million to the FTC, which sum “may be deposited into a fund administered by the Commission or its designee to be used for relief, including consume
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Commercial Lending USA
SEPTEMBER 1, 2022
Working capital SBA loan. Apply for a low-interest, fixed-rate loan for your business today. You must ensure the loan is affordable for you.
The Paypers
SEPTEMBER 16, 2022
US-based Ripple , an enterprise blockchain and crypto solutions provider, has partnered with Travelex Bank to introduce crypto-enabled payments in Brazil.
Payments Dive
SEPTEMBER 16, 2022
The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.
TheGuardian
SEPTEMBER 25, 2022
My friend Sue Fortescue, who has died of pancreatic cancer aged 75, was a trailblazer across the diverse worlds of language learning, education, computing and international banking. She was also an active volunteer for a number of causes. Sue was born in Teddington, south-west London. Her father, Dennis Fortescue, was an RAF officer, and Sue and her mother, Ann (nee Angell), led a peripatetic life throughout her schooldays, finally ending up in Leeds.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
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