South State Correspondent

AUGUST 19, 2024

Charlie Munger said, “Show me the incentive and I’ll show you the outcome.” That is exactly what is happening in the community bank industry. Unfortunately, bank managers often give their lenders misguided loan compensation, resulting in suboptimal outcomes. In Q2/24, community banks (those under $10B in assets) were able to expand net interest margin (NIM) by 3bps but experienced a 12bps reduction in return on equity (ROE).

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Accenture

AUGUST 20, 2024

For decades, commercial cards have provided card issuers with high fee income and strong P&Ls. The market is growing and evolving, with virtual cards as the primary driver. Virtual cards, which offer businesses an efficient and secure way to make payments without a physical card, are considered to be a value-added service by businesses who… The post How commercial card issuers can capitalize on the rise of virtual cards appeared first on Accenture Banking Blog.

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Jack Henry

AUGUST 20, 2024

The Jack Henry™ 2024 Strategy Benchmark highlights the latest risk, fraud, and security trends that can impact your financial institution over the next two years.

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Payments Dive

AUGUST 19, 2024

The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.

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Resources Cards Marketing Company 418

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Abrigo

AUGUST 19, 2024

A strong BSA prog r am starts with FFIEC compliance Building a robust BSA program means having access to the staffing and resources you need. Learn how the FFIEC manual can help you make the case for more resources to your board. You might also like this podcast, "Ensuring access to the FFIEC’s suitable resources at your financial institution: What BSA compliance officers need to know.

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Resources Compliance Management Training 195

American Banker

AUGUST 21, 2024

The Toronto-based bank also said that it expects a "global resolution" of investigations by U.S. authorities to be finalized by the end of the year.

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Compliance Regulation 68

The Paypers

AUGUST 19, 2024

Chaos Labs has secured USD 55 million in a Series A funding round to upgrade its on-chain risk management platform for decentralized finance (DeFi).

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Risk Management Security Management 75

BankInovation

AUGUST 20, 2024

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process. AI-driven Zest Protect can help financial institutions fight identity fraud and identify fake documents during the loan procedure, Adam Kleinman, head of strategy and client success at Zest AI, told Bank Automation News.

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Fraud Strategy Security 69

ABA Community Banking

AUGUST 20, 2024

Smaller banks, including community banks, are indispensable in providing access to financial products and services, especially in remote or rural areas of the U.S., Federal Reserve Governor Michelle Bowman said. The post Fed’s Bowman touts benefits of banks, CDFIs in rural communities appeared first on ABA Banking Journal.

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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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Payments Dive

AUGUST 23, 2024

“The time has come to rethink surcharging not as a necessary evil but as a strategic advantage that can benefit both businesses and customers,” writes a Billtrust executive.

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TheGuardian

AUGUST 20, 2024

UK tech entrepreneur Mike Lynch and his daughter among those unaccounted for after vessel capsized off Sicily Sicily yacht sinking – latest news Specialist divers have launched a fresh search for six people missing after a superyacht capsized off the coast of Sicily including the British tech entrepreneur Mike Lynch and his teenage daughter. The British-flagged Bayesian, a 56-metre sailboat, was carrying 22 people and anchored just offshore near the port of Porticello when it was hit by a tornad

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Jack Henry

AUGUST 23, 2024

Did you know that data from the Federal Trade Commission shows consumers reported losing nearly $9 billion to fraud in 2022, up 30% over the previous year?

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Fraud Strategy Data Report 158

BankInovation

AUGUST 19, 2024

Discover Financial Services is tapping generative AI to speed up call center agent response and strengthen client experience. Using Google Cloud’s AI platform, Vertex AI, Discover has reduced response times for call center agents by 70%, Szabolcs Paldy, senior vice president of enterprise operations at Discover, told Bank Automation News.

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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

Cards

Payments Dive

AUGUST 22, 2024

The collaboration marks the latest move by American Express to expand its footprint in Africa, which is the world's second-largest continent by population.

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ATM Marketplace

AUGUST 20, 2024

Shawn Nelson, founder and CEO of Lovesac, is a keynote speaker at the ICX Summit taking place Sept. 9-11 in Charlotte, North Carolina. His topic will focus on how sustainability impacts the retail customer experience.

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Customer Experience North Carolina Charlotte Retail 107

Jack Henry

AUGUST 20, 2024

That’s a wrap on CU Build 2024! Click for your event recap, highlights, key moments, and to celebrate another successful year of vendor integration and client collaboration.

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Technology Innovation 88

BankInovation

AUGUST 20, 2024

J.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. Morgan, tells Bank Automation News on this episode of “The Buzz” podcast. The bank is tapping cloud-based Renovite to build the connection to the network, Lozanoff says.

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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

Community Bank

Payments Dive

AUGUST 22, 2024

The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.

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Arizona Payments 417

ATM Marketplace

AUGUST 23, 2024

Bradley Cooper, editor of ATM Marketplace, spoke with Joe Myers, EVP of global banking at Diebold Nixdorf about the ins and outs of self-service banking solutions and trends.

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ATM Trends 87

Jack Henry

AUGUST 23, 2024

You may assume those outside your technology or innovation departments – especially those in marketing – don’t have a ton to gain from attending Jack Henry Connect.

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Innovation Technology Marketing Branding 88

BankInovation

AUGUST 21, 2024

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

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Technology Company Google Security 123

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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Payments Dive

AUGUST 19, 2024

Merchants seeking a piece of the $5.5 billion settlement now have until February 2025 to file claims, a federal judge overseeing the class action said.

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BankBazaar

AUGUST 18, 2024

Want to gift your sister something special this Raksha Bandhan? Check out some great offers on Credit Cards and gift her nothing but the best! Explore Credit Cards The post Happy Raksha Bandhan! appeared first on BankBazaar - The Definitive Word on Personal Finance.

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Cards 78

American Banker

AUGUST 22, 2024

In a sea of generically named "First Banks of X" and "Community Banks of Y," financial institutions must decide if the painstaking rebranding process is worth the investment and risk to stand out.

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Community Bank Community Marketing 87

BankInovation

AUGUST 20, 2024

Jonny Fry, head of digital assets strategy at ClearBank and chief executive of TeamBlockchain, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Monday, Oct. 7, at 2:15 p.m. GMT +1. The summit takes place Oct.

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