South State Correspondent

JUNE 13, 2023

On our loan hedging desk, we work with hundreds of banks ranging in size from just over $100mm in assets to some national banks with over $1T in assets. Combined with our relationship profitability model, Loan Command, we see the pricing of thousands of commercial loans per month as small as $30k and as large as multi-billion dollars. Our job at Loan Command and on the ARC hedge desk is to help bankers win business, offer borrowers competitive structures and pricing, and maximize bank profitabil

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Marketing Examples Capital Management 195

Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act.

Compliance 109

Compliance FDIC Strategy Fintech 109

Jeff For Banks

JUNE 12, 2023

My firm is debating the direction of the banking industry so we can present, discuss, and debate with our clients, particularly how they can succeed in the current and emerging environment. In the past, I have advocated for "stakeholder primacy"; if you mattered to your employees, customers, shareholders and communities you would surely have an enduring future.

Community 78

Community Customer Experience Resources Strategy 78

BankInovation

JUNE 12, 2023

Traditional financial services’ fraud detection is focused on — surprise, surprise — detecting fraudulent transactions. And there’s no question that generative AI has added a powerful weapon to the fraud detection arsenal.

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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.

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American Banker

JUNE 14, 2023

In a new survey, 38% of treasurers said they want to bump up their allocation to money market funds. Only 27% were looking to increase their bank deposits, highlighting the pressures the industry faces as it strives to hold onto customers' cash.

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Survey Industry Marketing 85

Accenture

JUNE 16, 2023

A few bold banks are beginning to see the benefits of working together to tame supply chain emissions. They’re sharing ideas about how they can more accurately measure these Scope 3 emissions that are generated by their suppliers. And, most important, they’re exploring ways to reduce them. The discussions involve several big retail banks and… The post Bold banks tackle supply chain emissions appeared first on Accenture Banking Blog.

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Retail 370

South State Correspondent

JUNE 15, 2023

Likely, you do not have a common management framework at your bank. Maybe you practice some of the teachings in the seminal book Good to Great , you might work in Porter’s Five Forces, maybe you use an Objective and Key Results (OKRs) approach, or you might loosely use the McKinsey 7S Model. However, it is doubtful you utilize a complete operating system.

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Operations System Tools Management 195

Abrigo

JUNE 12, 2023

Money transmitter act encourages consistent standards A single set of nationwide standards and requirements under the money transmitter act could have a host of benefits for consumers and businesses. You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. " WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S. alone, handling $6 trillion in payments.

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Compliance Fraud Regulation Guidelines 195

Payments Dive

JUNE 12, 2023

Restaurant point-of-sale company Toast has partnered with commerce fintech FreedomPay to pursue larger customers, such as Starbucks and Shake Shack.

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Fintech Company 433

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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

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BankBazaar

JUNE 12, 2023

To many, a Credit Score may seem like a simple, inconsequential three-digit number. However, for a lender, it gives deeper insight into a borrower’s financial behaviour and patterns. They look at the credit reports to understand the borrower’s ability and willingness to pay off debt. You can imagine how crucial that is because, at some point in life, the need to get a Credit Card or a Personal Loan may arise.

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Cards Report Exercises Security 147

ATM Marketplace

JUNE 16, 2023

Banks are typically seen as traditional organizations; however, many are embracing automation to improve efficiency and meet customer needs. That being said, there are still barriers to a full embrace of the technology.

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Meeting Technology 121

BankUnderground

JUNE 13, 2023

Vania Esady, Bradley Speigner and Boromeus Wanengkirtyo The headline unemployment rate is one of the most widely used indicators of economic slack to measure the state of the business cycle. A large empirical literature on Phillips curve estimation has explored whether more general definitions of labour utilisation are more informative than this simple measure.

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Policies US Regional Exercises 114

Payments Dive

JUNE 14, 2023

The agency is eager to encourage open banking in the U.S., with plans for a rule proposal and oversight of standard-setting in the evolving arena.

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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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CFPB Monitor

JUNE 13, 2023

Recently, PGX Holdings, Inc. (PGX), one of the nation’s largest consumer credit repair companies, and twelve affiliates have entered into Chapter 11 bankruptcy under pressure from a potential $3 billion CFPB judgment for violations of federal consumer protection laws. In May 2019, the CFPB filed a complaint in Utah federal district court against a group of related credit repair companies for alleged violations of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act (CFPA)

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Utah Company Groups 88

BankInovation

JUNE 16, 2023

IBM Consulting launched its Center of Excellence for generative AI last month, where clients, including financial institutions, can look to consultants for expertise, use cases, risk mitigation and advancements in the technology.

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Industry Technology America 98

SWBC's LenderHub

JUNE 15, 2023

Like most markets these days, the mortgage industry is facing considerable economic headwinds as high inflation and the threat of a recession make it difficult to pin down—let alone lower—mortgage rates. According to a recent Bankrate survey , the benchmark 30-year-fixed-rate mortgage averaged 5.38% last year and has been at or near 7% since Q2 2023.

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Industry Survey Marketing Lending 78

Payments Dive

JUNE 14, 2023

The program is part of Visa’s effort to invest $1 billion in the continent’s digital transformation over five years.

Fintech 418

Fintech 418

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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

CFPB Monitor

JUNE 15, 2023

The U.S. Court of Appeals for the Seventh Circuit has ruled that a plaintiff in a putative class action had standing to assert FDCPA claims against the purchaser of her debt and the purchaser’s servicer based on the $3.95 she paid in postage to respond to a second validation letter after she had already responded to the first validation notice.

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BankInovation

JUNE 16, 2023

With ChatGPT reaching 100 million users within two months of its release, generative AI has become one of the hottest topics, as individuals and industries ponder its benefits and ramifications.

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Industry 96

BankBazaar

JUNE 14, 2023

Be it Credit Cards or coffee, too much of anything is bad! If you’re addicted to applying for Credit Cards, then this article might just be the antidote that you’re looking for. Swiping a Credit Card is as cool as sporting the best shades or shoes in the market (at least for me). Paying with a Credit Card has an air of sophistication to it. With all due respect, debit cards and payment apps are fine, but Credit Cards give a sense of exclusivity to proceedings.

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Cards System Management US 78

Payments Dive

JUNE 16, 2023

One in five consumers worldwide have been victims of payment fraud in the past four years, according to an ACI report.

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Fraud Report Payments 418

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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.

Analysis

CFPB Monitor

JUNE 15, 2023

Since the U.S. Supreme Court’s 1984 Chevron decision, federal courts have typically applied a two-step analysis known as the “ Chevron framework” to determine whether a court should defer to a federal agency’s interpretation of a statute. SCOTUS has now agreed to hear the Loper case next Term in which the continued viability of the Chevron framework is being directly challenged. .

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Analysis Industry 78

American Banker

JUNE 16, 2023

The Federal Reserve will now disclose all entities that have access to its payments system, as well as those that are seeking access. The move ends a yearlong standoff with Congress.

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System Payments Policies Compliance 99

BankBazaar

JUNE 11, 2023

Embark on an adventure through the captivating realm of Credit Score with Credit Quest! Read on as we unveil the secrets behind your Credit Score and discover powerful strategies to enhance your financial standing. Get ready to unleash your curiosity and embark on a quest that will leave you yearning for financial triumph! Welcome to Credit Quest, a thrilling game that takes you on an adventure through the world of Credit Score !

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Strategy Cards Management Tools 78

Payments Dive

JUNE 13, 2023

“In the U.S., we never kill payment systems,” writes Modern Treasury cofounder Sam Aarons. “People still write paper checks. But the future of money, especially inside larger enterprises, is instant payments.

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System Payments 312

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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

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