Sat.Aug 20, 2022 - Fri.Aug 26, 2022

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9 perspectives on buy now/pay later that have banks watching

American Banker

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By the Numbers: Banking apps underwhelm in connectivity

BankInovation

As mobile banking becomes more widely adopted by users of all ages, the technology comes with its own drawbacks, with nearly half of mobile banking customers saying their money-related apps and financial accounts regularly lose connectivity. U.S. customers at the younger end of the age spectrum are running into problems with mobile platforms, according to […].

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How credit union leaders are creating the post-pandemic office

American Banker

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Are Rising Interest Rates and Inflation Impacting Reverse Mortgages?

SWBC's LenderHub

With rising interest rates, surging inflation, and a potential recession on the horizon, your borrowers are likely uneasy about the current economic landscape. The best way your financial institution can support them is by ensuring they are armed with information on how to best prepare for an economic downturn.

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Back to Basics with Reconciliations

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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Convera CEO revamps former Western Union biz

Payments Dive

Convera CEO Patrick Gauthier, the former head of Amazon Pay, aims to remake Western Union’s B2B unit and aid corporate clients in navigating currency volatility.

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More Trending

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Some Friendly Inflation News Appears Before Jackson Hole

South State Correspondent

Some Friendly Inflation News Appears. Treasury yields are higher this morning but off the highs of the day as today’s inflation numbers came in better-than-expected (more on that below). The market is awaiting the keynote address by Fed Chair Powell at Jackson Hole, due at 10am ET. Once we get past that event, and unless Powell is exceedingly more hawkish than expected, we could possibly see some bids returning to the market.

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Check It Out: How Can You Better Protect Against Check Fraud at Your Institution?

Abrigo

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Find out what the latest iteration looks like. You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." WATCH . Takeaway 1 The lottery or sweepstakes scam is becoming popular.

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Affirm scans landscape for acquisitions

Payments Dive

With plenty of cash on hand, Affirm CEO Max Levchin considers acquisitions as one of many routes for the buy now-pay later company to continue its growth.

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Moving to One Minute TRACE Reporting: A Review of FINRA Proposed Changes to Rule 6730

Perficient

Background. FINRA has been collecting and disseminating fixed income transaction information through TRACE since 2002. Fixed income markets have continued to change dramatically since 2002, becoming more global while an increasing percentage of trades are made on or by electronic trading platforms. With the move to electronic trading and increased trade volume, FINRA has been considering ways to provide more timely and detailed data to the marketplace and regulators.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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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Treasury Yields Drift Higher Ahead of Jackson Hole

South State Correspondent

Treasury Yields Drift Higher Ahead of Jackson Hole. Treasury yields are drifting higher this morning, but the moves are in range which is not surprising with Fed Chair Powell’s Jackson Hole appearance approaching this Friday. The 10yr Treasury yield is back above 3.00% and is currently at 3.09% while the 2yr-10yr spread is -27bps. This drift is likely to persist until we get past the Jackson Hole event on Friday morning.

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FTC declines to extend comment period for proposed motor vehicle dealer rule

CFPB Monitor

The FTC has declined requests to extend the comment period for its proposed rule that would impose a number of new substantive and disclosure requirements on motor vehicle dealers in connection with the car buying or leasing process. . The FTC’s notice of proposed rulemaking (NPRM) was published in the Federal Register on July 13, 2022 with a 60-day comment period that ends on September 12, 2022.

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Payoneer battles e-commerce slowdown

Payments Dive

Payoneer is counting on global growth and new services to offset what CFO Michael Levine called e-commerce “softness.

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The Basel regulatory framework: evolution of its textual complexity

BankUnderground

James Brookes, Matthew Everitt and Quynh-Anh Vo. The Basel III framework put in place in the aftermath of the Global Financial Crisis 2007–08 consists of a range of regulatory standards, each addressing a specific source of financial instability. Its implementation has however led to active discussion about whether the complexity of financial regulations has materially increased.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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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Data Architecture: 10 Reasons Why It Should Be In Your Strategic Plan

South State Correspondent

In 1983, Commodore International, with its Commodore 64 commuter, was the largest personal computer manufacturer in the market controlling over 50% of sales. By 1992, the Company was an afterthought, and by 1995 it was liquidated. Commodore’s demise is a case study of how NOT to care about your customers and why business intelligence through proper data architecture is critical.

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Navigating Economic Uncertainty with Cisco Capital

Cisco

Inflation and an economic slowdown are causing IT budgets to tighten; business decision makers need flexibility in their IT spending options. As a result, many businesses are starting to feel the pressure to cut costs during a time that would have been spent investing in or upgrading their digital infrastructures. Since preserving capital will remain a top priority, decision makers will need to look for options that allow them to maintain or increase IT capabilities while keeping monthly spendin

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Google Wallet seeps into six more countries

Payments Dive

The tech giant extended its payment services to more nations as competition with Samsung Pay and Apple Pay intensifies.

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UK and US banks among biggest backers of Russian ‘carbon bombs’, data shows

TheGuardian

Ukrainian campaigners call for immediate end to investments, to cut funds to war and help avoid climate breakdown US and UK financial institutions have been among the leading investors in Russian “carbon bomb” fossil fuel projects, according to a new database of holdings from recent years. Campaigners in Ukraine said these institutions must immediately end such investments, to limit the funding of Russia’s invasion of Ukraine and to avoid climate breakdown.

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Is Your Current Card Platform Holding You Back?

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

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How to Choose a Hedge Provider as a Bank

South State Correspondent

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. We also shared a table that summarized the two strategies. In this article, we will discuss what community banks should look for in a hedge provider, specifically in a loan-level hedging program.

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Last call for the Bank Customer Experience Summit

ATM Marketplace

If you are involved in the financial industry, banking, fintechs or self-service banking, you have an opportunity to network and learn at the Bank Customer Experience Summit, held in Chicago from Aug. 31 to Sept. 1. But you have to act fast as online registration closes Aug. 26.

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Jack Henry expects lower margin expansion

Payments Dive

Higher costs and a reduction in revenue, due to less merger and acquisition activity, are crimping the outlook for profit margin expansion at Jack Henry & Associates.

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Unleashing Automation to Unlock Visibility, Control, and Efficiency in Liquidity Management

Bobsguide

By ditching a web of hundreds of spreadsheets and emails in favour of a TMS from Salmon Software , the liquidity management team at the Zurich Insurance business unit Switzerland and CI EMEA has been able to facilitate accurate and insightful short- and long-term cash forecasts as well as enhance its treasury payments & reporting capability. Read the whole case study at: [link].

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It Takes Two to Tango

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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Armed Forces Bank uses automation to improve CX

BankInovation

Armed Forces Bank (AFB) is embracing digital transformation with several newly implemented processes aimed at providing an improved customer experience during everyday transactions. The $1.6 billion bank is using automation for card controls, allowing users to monitor transactions and establish account alerts, check imaging for deposits and digital chat enhancements that run on both APIs […].

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Business Equipment Financing

Commercial Lending USA

Do you need to buy or lease additional equipment to expand your business? At Commercial Lending USA, we have the solutions for you. We have expert to understand your needs and help you on financing to grow.

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Lawsuit filed against Block

Payments Dive

A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.

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Australia to host US$100m Metaverse R&D Center

Bobsguide

Australia to host US$100m Metaverse R&D Center. Australian creative technologies business Two Bulls and Thailand’s Translucia Global Innovation are developing a Metaverse R&D Center in Australia. Located in Melbourne, Victoria, the US$100 million centre will be one of the largest in the world when operational. Developing a new interactive world.

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3 Ways Managed Device Services Help Community Banks Cut Costs

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