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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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.

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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 79

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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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.

Groups

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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South State Correspondent

AUGUST 22, 2024

Should the Federal Reserve move their target Fed Funds rate down later this year, many bankers will immediately match the move and drop their deposit rates. While counterintuitive, this may be the exact wrong move if you want to optimize long-term bank profitability. This article explores deposit management tactics in a falling rate environment that can enhance bank profitability.

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Marketing Leadership Examples Management 195

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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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 131

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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.

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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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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 122

Cisco

AUGUST 20, 2024

New security standards conformance for Catalyst Center highlights our team’s dedication to protecting your network and your data.

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Security Data Industry 113

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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Google Operations 128

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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 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 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 108

TheGuardian

AUGUST 17, 2024

If you are heading off to university, there are tempting freebies on offer – we examine the best deals In the next few weeks, many young people will embark on a relationship that will last for years or maybe even decades, so it’s vital they pick the one that will make them happy and treat them well. This is nothing to do with romantic liaisons – we’re talking about student bank accounts.

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How To Study Groups 106

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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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

Community Bank

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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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

TheGuardian

AUGUST 18, 2024

Lenders may look to attract more deposits from savers to raise funds to repay Bank of England pandemic-era loans Britain’s biggest banks are facing a deadline to repay more than £100bn of pandemic-era loans, which experts say could benefit savers as banks and building societies compete for customers with attractive rates in a “messy” dash for cash. More than 70 lenders ranging from high street banks and building societies such as HSBC and Nationwide to digital and specialist lenders such as Star

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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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Strategy Industry Payments 98

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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.

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