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

Marketing 195

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.

Fraud 98

Fraud Data 98

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Groups

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.

Survey 85

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.

Retail 361

Retail 361

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.

Operations 195

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.

Compliance 195

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.

Fintech 433

Fintech Company 433

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Analysis

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.

Cards 147

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.

Meeting 122

Meeting Technology 122

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.

Policies 115

Policies US Regional Exercises 115

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.

Fraud 418

Fraud Report Payments 418

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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

Lending

American Banker

JUNE 15, 2023

Citizens Financial has teamed with Wisetack, which supports dozens of platforms connecting to thousands of home improvement, dental and veterinary service providers.

Fintech 101

Fintech Payments 101

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.

Industry 98

Industry Technology America 98

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)

Utah 88

Utah Company Groups 88

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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Operations

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.

System 99

System Payments Policies Compliance 99

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.

Industry 96

Industry 96

ATM Marketplace

JUNE 13, 2023

The Bank Customer Experience Summit, being held Sept. 12 to 13 in Charlotte, North Carolina will feature several panels surrounding customer experience in banking, including one on the customer journey.

Customer Experience 85

Customer Experience North Carolina Charlotte 85

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.

417

417

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Analysis

American Banker

JUNE 12, 2023

The payment company is focused on small-business borrowers operating in areas where branches are shutting down.

Lending 95

Lending Marketing Operations Payments 95

William Mills

JUNE 16, 2023

Digital service and temperatures are heating up as credit unions leverage technology to provide their members with seamless banking experiences to match the sunny vibes of the season. From mobile banking apps that allow easy access to financial services on the run—even at the beach—to online loan applications that expedite the borrowing process, credit unions riding the digital wave will ensure their members can make the most of their summer adventures.

Marketing 79

Marketing Mobile Online Technology 79

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.

78

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.

System 312

System Payments 312

Advertiser: ZoomInfo

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Capital