South State Correspondent
SEPTEMBER 3, 2024
Most community bankers we talk believe they will get a boost to bank performance with declining short-term rates. The thinking is that a lower Fed Funds rate will mitigate credit risk, spur loan demand and potentially soften competition for deposits, leading to wider NIM and more profitability. Unfortunately, the empirical evidence shows otherwise.
BankBazaar
SEPTEMBER 4, 2024
Still using cash because you’re so used to it? Here are 5 reason The post 5 Times To Choose Credit Over Cash appeared first on BankBazaar - The Definitive Word on Personal Finance.
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Gonzobanker
SEPTEMBER 5, 2024
A few key focus areas can help lenders stay on top of the home equity game. With the inefficient, circa-2004 borrowing processes resident in many banks’ loan departments today, too few lenders are equipped to deal with the rising tide of home equity volumes that will descend like a tsunami on their operations the moment Fed chairman Jerome (What-Are-We-Waiting-For) Powell announces a rate cut.
Payments Dive
SEPTEMBER 5, 2024
Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.
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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.
American Banker
SEPTEMBER 3, 2024
As more women generate and steward great wealth, they must also strive to develop and maintain financial wellness. The wealth management industry has a vital role to play in helping dynamic women on their journey.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
SEPTEMBER 6, 2024
In an era where digital innovation is paramount and cybersecurity threats are more prominent than ever, financial institutions find themselves at a critical crossroads.
Payments Dive
SEPTEMBER 4, 2024
Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.
TheGuardian
SEPTEMBER 3, 2024
Regulator said to be planning cut to maximum amount available to victims from £415,000 to about £85,000 The UK is reportedly poised to slash the planned maximum amount that banks will have to refund to fraud victims – from £415,000 to about £85,000 – after strong lobbying from lenders, fintechs and some politicians. Fraud in the UK payments industry has soared in recent years, with a sharp rise in authorised push payment (APP) scams, which often involve email accounts being hacked to trick peopl
BankBazaar
SEPTEMBER 4, 2024
Our nation owes a debt of gratitude to our teachers. Their impact on generations of Indians cannot be underestimated. This Teacher’s Day, we pay tribute to the ones who shaped our lives and also throw in some financial lessons that we could all benefit from. It’s Teacher’s Day and it’s time to step up and salute teachers everywhere who have shaped the course of our lives in more ways than one.
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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.
American Banker
SEPTEMBER 6, 2024
Prophecies about a wave of bank failures caused by sickly CRE loans haven't yet come true. But there are still plenty of caution signs in a saga that will take years to play out.
Payments Dive
SEPTEMBER 5, 2024
“The CFPB’s plan to reclassify EWA as a loan could accidentally backfire on the agency by driving people right back to the payday lending industry,” writes one tech trade group professional.
Jack Henry
SEPTEMBER 6, 2024
Here’s a sneak peek of Jack Henry Connect 2024! Click to learn how Jack Henry Connect will deliver a unique blend of inspiration, innovation, and fun.
BankBazaar
SEPTEMBER 4, 2024
Your mission, should you choose to go through with it, is to improve your Credit Score in 30 days. Below are the essential hacks you need to employ to succeed in this mission. Are you ready? Let’s go! How much can be done in 30 days? Turns out, a lot – especially if you’re talking about your Credit Score. Yes, it’s true. Now, before we go ahead, let’s set the expectations right.
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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
TheGuardian
SEPTEMBER 2, 2024
Warning comes after viral TikTok posts where customers purportedly tried to withdraw more money than they had The US banking giant Chase has made clear that taking advantage of a system “glitch” to extract cash was “fraud, plain and simple” despite it becoming a TikTok trend. Chase Bank’s warning on Monday came in response to viral social media posts where customers purportedly tried to withdraw more money than they had in their accounts by exploiting a banking system delay.
Payments Dive
SEPTEMBER 4, 2024
Due to lax authentication practices, a thief or hacker can easily add a stolen credit card to their own digital wallet, the study concluded.
American Banker
SEPTEMBER 2, 2024
Cannabis is becoming a big business in the U.S., but companies in the field still struggle to find financing. A broadly accepted way of assessing their creditworthiness would be a huge help.
BankBazaar
SEPTEMBER 5, 2024
The post 5 Ways You Can Be Your Credit Score’s Secret Santa appeared first on BankBazaar - The Definitive Word on Personal Finance.
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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
SEPTEMBER 6, 2024
While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars. Funding for AI-focused fintechs more than doubled quarter over quarter to $24 billion in the second quarter, accounting for 30% of investments, according to Crunchbase. “AI is really changing the path,” Lisa Calhoun, founding managing partner at Valor […] The post Fintech funding: AI accounts for 30% of $24B Q2 investment appeared first on Bank Automation News.
Payments Dive
SEPTEMBER 3, 2024
Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.
American Banker
SEPTEMBER 4, 2024
Recent Supreme Court decisions reducing the ability of regulatory agencies to interpret the meaning of federal laws make it likely that supervisory decisions based on assessments of banks' safety and soundness will face court challenges.
BankBazaar
SEPTEMBER 4, 2024
The post Top Credit Cards to Save on Fuel in 2022 appeared first on BankBazaar - The Definitive Word on Personal Finance.
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
SEPTEMBER 5, 2024
Regional and community banks are investing in AI for new business opportunities, revenue growth and efficiency gains. “Financial institutions are quite bullish when it comes to AI,” Allison Cerra, chief marketing officer at fintech Alkami, told Bank Automation News. “They’re looking at this as kind of a broader catch-all of business opportunities, not necessarily […] The post 78% of regional FIs say AI can help find new business appeared first on Bank Automation News.
Payments Dive
SEPTEMBER 6, 2024
The card network plans to make the account-to-account service available to consumers for paying bills, like rent, but eventually for other uses too, such as digital streaming.
American Banker
SEPTEMBER 4, 2024
From Citigroup's positive earnings butting up against fines from the Office of the Comptroller of the Currency, to First Guaranty's 15% layoff, here are earnings highlights to be mindful of.
BankBazaar
SEPTEMBER 3, 2024
The post How Many Credit Cards Is Too Many? appeared first on BankBazaar - The Definitive Word on Personal Finance.
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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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