South State Correspondent
JULY 7, 2024
Optionality is defined as a state in which choice or discretion is allowed. In finance, optionality is an asset (has value) for the person who an exercise the option, while the person who gave the option has the liability. Selling options for above their value can be a profitable business for banks and brokers, but giving away options is a money losing proposition.
Jack Henry
JULY 9, 2024
Improve your banking operations strategy with core modernization. Discover how your financial institution can compete more effectively in 2024 and 2025.
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Gonzobanker
JULY 11, 2024
Now is the time to fortify your defenses for the war on deposits. Halfway through 2024, most banks and credit unions have settled into the current environment— for better or worse. Yes, the initial panic has worn off, but dwindling deposits and sustained interest rates have considerably impacted funding costs and growth outlooks. But a faint light is starting to show at the end of the tunnel.
ATM Marketplace
JULY 9, 2024
The banking world has been slow to adopt TCRs for many reasons including costs and a push towards digital banking at the expense of branches. That may be changing.
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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.
TheGuardian
JULY 10, 2024
Exclusive: Letter from senators, led by Elizabeth Warren, says JPMorgan may have misled investors and public JPMorgan Chase, the world’s biggest investor in fossil fuels, may have misled investors and the public by backtracking on its already weak climate and environmental commitments, six US senators have warned in a letter to the CEO Jamie Dimon. Although a climate-disrupted world demands stronger action by the financial sector to reduce emissions and protect nature, the Wall Street firm is he
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
JULY 9, 2024
What the rule means for financial institutions FinCEN aims to get AML/CFT programs to redirect their focus on the highest-risk areas, so banks and credit unions should begin preparing. Would you like other articles like this in your inbox? Takeaway 1 FinCEN’s proposed new AML/CFT program rule is intended to redirect AML/CFT programs to focus on the highest-risk areas, using innovative techniques and a goal-oriented approach.
BankUnderground
JULY 10, 2024
Miruna-Daniela Ivan, Joshua Lillis, Eduardo Maqui and Carlos Cañon Salazar Funding markets are crucial for healthy and active financial institutions, and consequently for everyone in the economy. The repurchase agreement (repo) market plays a key role in bank and non-bank financial institutions’ (NBFIs’) daily activities by facilitating short-term financing and risk hedging.
ATM Marketplace
JULY 12, 2024
Regina DeMars at First National Bank of Omaha and this year's keynote speaker for the Bank Customer Experience Summit, shared how banks can develop content that works.
Payments Dive
JULY 12, 2024
The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.
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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.
BankInovation
JULY 12, 2024
Citigroup’s multiyear modernization strategy saw progress in the second quarter as the bank’s tech investments proved more necessary after the Federal Reserve Board penalized the bank this week. “We have made meaningful progress in executing our transformation and simplifying our multiyear undertaking,” Chief Executive Jane Fraser said during the $2.
SWBC's LenderHub
JULY 9, 2024
Is Buy Now, Pay Later (BNPL) a Financial Industry Trend Your Credit Union Needs to Hop On? The financial industry evolves at a rapid pace, making it difficult for credit unions to keep up with ever-changing trends. With technology-loving consumers always in search of easier, more seamless transactions, credit unions must also continue to evolve and adapt in order to stay in the race.
ABA Community Banking
JULY 9, 2024
Partnering with a regional healthcare provider, Five Star Bank is looking to become a ‘solution center for the community.’ The post Branching out into telehealth appeared first on ABA Banking Journal.
Payments Dive
JULY 11, 2024
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
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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
BankInovation
JULY 8, 2024
ConnectOne Bank invests in technology that generates data to boost efficiencies, but the systems are only beneficial if employees use them consistently. For example, the $9.8 billion Englewood Cliffs, N.J.
TheGuardian
JULY 12, 2024
Scams underline risks of banking on mobile, with not all lenders prepared to refund victims The risks of doing banking on your mobile handset have been underlined by the stories of Guardian Money readers who had their mobiles taken over by fraudsters, who then emptied their bank accounts. In recent months, Guardian Money has become increasingly alarmed at how often people are reporting that their mobile phone account has been taken over – with O2 our most complained-about provider.
Jack Henry
JULY 11, 2024
Develop long-term success strategies and achieve process improvements for your bank or credit union with the expertise of a banking technology consultant.
Payments Dive
JULY 9, 2024
Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.
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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
BankInovation
JULY 11, 2024
NEW YORK — Rocket Mortgage is working with Amazon Web Services to deploy generative AI-driven tools to make its customer relations team and internal operations more efficient.
BankBazaar
JULY 11, 2024
A day dedicated to everyone’s favourite crispy snack ? Yes, please! Let’s blend the joy that fries bring us along with some smart financial tips to have a truly flavourful experience together. Want to know more? R ead on… Welcome to the tastiest day of the year, fellow enthusiasts — it’s French Fries Day! Whether you call them chips, fries, or frites (like the French do), today, you have the perfect excuse to indulge in some crispy, golden goodness to satisfy your cravings!
The Paypers
JULY 11, 2024
Jiangxi Bank of China has gone under, as the banking sector is currently facing a full-scape crisis with financial institutions being absorbed into larger enterprises.
Payments Dive
JULY 12, 2024
Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.
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.
BankInovation
JULY 8, 2024
Bank Automation Summit Europe 2024 is delighted to announce a strategic partnership with DIGITALEUROPE, the leading trade association representing digitally transforming industries in Europe. This partnership aims to amplify the impact of both organizations in driving innovation and excellence in European banking and digital sectors. Bank Automation Summit Europe 2024, scheduled for Oct.
American Banker
JULY 11, 2024
A federal appeals court ruled that the Equal Credit Opportunity Act prohibits not just outright discrimination but also the discouragement of prospective applicants for credit.
BankBazaar
JULY 9, 2024
Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. This guide covers all you need to know about NIL ITRs, from eligibility to filing procedures. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.
Payments Dive
JULY 10, 2024
The retailer’s customers will still have six payment options after the change takes effect in about a week.
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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
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