November, 2024

article thumbnail

Remember the global financial crisis? Well, high-risk securities are back

TheGuardian

The shadow banking sector is trying its hand at trading in debt-based products such as collateralised loan obligations When Margot Robbie made a surprise cameo in the 2015 film adaptation of Michael Lewis’s book The Big Short , she did more to educate the general population about the risks of securitisation than most financial experts. The Australian actor’s brief monologue, notoriously delivered from a champagne bubble bath, explained how banks were bundling up their growing cache of risky sub-

Security 111
article thumbnail

Senate grills Visa, Mastercard executives over swipe fees

Payments Dive

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

Cards 544
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

LinkedIn is a Horn of Plenty for B2B Communications

William Mills

Thanksgiving is just around the corner, making it a perfect time to reflect on the abundance of tools and opportunities that help us connect, engage, and grow. Among the many assets at our disposal, LinkedIn is quickly becoming a cornucopia of useful resources for B2B communications. The social platform gives PR professionals a variety of ways to build a client’s brand, engage targeted audiences, and create meaningful industry connections.

article thumbnail

We need both supply and demand strategies to address fair housing

American Banker

Systemic racial inequality has long been a drag on the U.S. economy, and nowhere is that more apparent than in the housing market. There are smart strategies that would even the playing field.

article thumbnail

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.

article thumbnail

Key strategies and approaches for mainframe and core banking modernization

Accenture

The financial services sector, like many industries, is undergoing a transformation to drive new revenue streams and profitability. This shift is fueled by evolved and new business models based on advanced technologies and aimed at meeting client expectations. Similar to other industries, financial services organizations are focused on streamlining cost-to-serve mechanisms and enhancing productivity.

Strategy 418

More Trending

article thumbnail

5 payments predictions from research firm Forrester

Payments Dive

Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.

Payments 448
article thumbnail

Retracing the career paths of the Most Powerful Women in Banking

American Banker

While many banks and financial service companies play out on the global stage, the industry itself can be smaller than it seems. Many of the honorees on this year's list worked at the same companies during their careers. Here is a look at those connections.

article thumbnail

How Trump’s administration may rework payments policies

Payments Dive

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

Policies 468
article thumbnail

Contactless Payments Go Mainstream

ATM Marketplace

Contactless payment technology has become a critical tool for both consumers and businesses in today’s digitally driven economy. As convenience, speed, and safety become increasingly prioritized, the technology allows transactions to be completed with a simple tap or wave, eliminating the need for physical cash or card swipes.

article thumbnail

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

article thumbnail

Russia’s rouble plunges to lowest rate since early weeks of Ukraine war

TheGuardian

Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank Russia’s rouble has plunged to its lowest rate against the dollar since the early weeks of the full-scale invasion of Ukraine in the wake of new western sanctions and growing geopolitical tensions. The rouble on Wednesday hit 110 against the dollar for the first time since 16 March 2022.

US 111
article thumbnail

Staying afloat: the impact of flooding on UK firms

BankUnderground

Benjamin Crampton, Rupert-Hu Gilman and Rebecca Mari. With climate change set to increase the frequency and intensity of flooding in the UK , it is important to deepen our understanding of the potential microeconomic impacts that may propagate into the macroeconomy. We integrate firm-level corporate records, with Ordnance Survey business-premise address information and publicly available flood maps to investigate two questions.

CA 113
article thumbnail

The evolving rate of patch management and eISSU for financials

Cisco

Learn how financial institutions can address ransomware and software and patch requirements to address public vulnerabilities.

article thumbnail

Chase and other megabanks aren't — and never will be — community banks

American Banker

"Too big to fail" banking giants like to masquerade as community banks when it suits their purposes, but they will never be able to replace real, local bankers with deep ties to their customers.

article thumbnail

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.

article thumbnail

Afterpay to arrive on 24M Cash App cards

Payments Dive

The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.

Cards 521
article thumbnail

How AI and voice-speech interaction is transforming kiosk customer experience

ATM Marketplace

AI has taken the world by storm, and it has transformed numerous aspects of customer experience across restaurant, QSR, and self-service contexts, including drive-thru ordering and kiosks.

article thumbnail

Starling Bank staff resign after new chief executive calls for more time in-office

TheGuardian

Exclusive: Staff complain Raman Bhatia is creating ‘grey corporate hellscape’ and offices already lack desk space Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank’s founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff – many of whom were in the office only one or two days a wee

Policies 111
article thumbnail

Ant International launches MSME S-Card with industry partners

The Paypers

Ant International has launched its MSME S-Card, aimed at introducing a sustainability impact on SMEs in their development process, as well as new green financing opportunities.

Cards 89
article thumbnail

Is Your Current Card Platform Holding You Back?

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

article thumbnail

With the arrival of stablecoins, is it time to pay farewell to traditional payment rails?

BankUnderground

Aly Soliman Stablecoins have emerged as an innovative form of money in the financial landscape. While they represent a small fraction of the global financial system, stablecoins have grown by US$30 billion in the last few months (as reported on DefiLlama). The potential effect of stablecoins on the payment industry could be substantial and merits attention.

article thumbnail

NCUA has a regulatory blind spot; Congress must act to eliminate it

American Banker

The National Credit Union Administration lacks the authority to regulate third-party vendors that supply vital services to the industry. This creates a major risk to credit union customers and the broader U.S. economy.

article thumbnail

Fed aims to make instant payments the norm

Payments Dive

“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.

Payments 476
article thumbnail

Self-Service Innovation Summit: Driving profitable self-service retail in high-traffic locations

ATM Marketplace

A panel talk, “Self-Service Retail: A Profitable Path to Growth in High-Traffic Locations,” will offer expert insight at the Self Service Innovation Summit being held Dec. 9-11 in Tampa, Florida. Registration continues through Dec. 6.

Tampa 113
article thumbnail

Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

article thumbnail

Rules imposed after financial crisis have ‘gone too far’, Reeves tells City bankers

TheGuardian

Chancellor uses Mansion House speech to suggest it is time to loosen some constraints brought in after 2007-08 crash Rachel Reeves has told City bankers attending her Mansion House speech that regulations put in place to protect the economy after the global financial crisis had “gone too far”. Speaking at the glitzy annual gathering in the Square Mile on Thursday, the chancellor called the financial services sector the “crown jewel” of the UK economy.

article thumbnail

Nubank launches cryptocurrency swap tool

The Paypers

Nubank has launched cryptocurrency swap tool in its app where customers who own cryptocurrencies can now trade Bitcoin, Ethereum, Solana, or Uniswap for USDC and vice versa.

article thumbnail

Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift

The Financial Brand

This article Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift appeared first on The Financial Brand. ServiceNow’s Brian Solis explains how leaders can move beyond simply automating existing processes to fundamentally reimagine business in an AI-driven world. This article Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift appeared first on The Financial Brand.

article thumbnail

Tech-driven efficiency is not the proper goal for branch banking

American Banker

As the banking industry becomes increasingly technology-dependent, wise bank leaders recognize that a bank is not solely defined by its buildings, technology or pricing. It is human connections that truly set a bank apart.

article thumbnail

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.