Abrigo

DECEMBER 10, 2024

This article covers these key topics: What constitutes elder financial exploitation and why it may be increasing Financial institutions should be familiar with these red flags of elder abuse Enhancing AML programs to account for elder financial exploitation will help Following FinCEN guidance, utilizing fraud detection software, and reporting are crucial Combat elder financial exploitation with tips from FinCEN Demographic considerations and the vulnerabilities of old age put financial instituti

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Jeff For Banks

DECEMBER 10, 2024

There have been some humbling moments in Top 5 recognitions, with some award recipients failing and one voluntarily liquidating. Although we seek long-term performance in our 5-year lookback to mitigate the risk of banks that stoke performance with risky bets, we are reminded that banking is a long game. Business models built to endure do so over different economic cycles.

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Las Vegas Lending Community Bank North Carolina 69

American Banker

DECEMBER 9, 2024

The Federal Reserve's interest-rate cut came too late in the third quarter for banks to capitalize on. Leaders say the fourth quarter will yield better growth.

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South State Correspondent

DECEMBER 12, 2024

Should borrowers pay commercial loan points to lower future interest payments? Loan or mortgage points are upfront fees paid by the borrower to the lender to reduce the interest rate on a loan or mortgage. For example, assume that a borrower is considering a loan, structured as a 25-year amortization, due in ten years, at 7.00% fixed rate. For this loan, the bank should be able to accept a $36k upfront fee to lower the payment on the loan by 50bps to 6.50%.

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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Perficient

DECEMBER 10, 2024

Were pleased to announce that Perficient has been named a Major Player in the IDC MarketScape: Worldwide Adobe Experience Cloud Professional Services 2024-2025 Vendor Assessment (Doc #US51741024, December 2024). We believe this recognition is a testament to our commitment to excellence and our dedication to delivering top-notch Adobe services to our clients.

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American Banker

DECEMBER 10, 2024

The industry should rally behind the Financial Data Exchange, which has stepped up to help develop standards and governance protocols for open banking in the United States.

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South State Correspondent

DECEMBER 12, 2024

If you are conducting bank strategy or marketing around demographic information, at best you are being lazy and ineffective. At worst, you are being sexist, ageist and a bunch of other names that can hurt your culture and reputation while wasting your marketing budget. In this age of data, getting to the Holy Grail of marketing understanding the intent of what the customer is a three-month project away.

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William Mills

DECEMBER 12, 2024

The highly anticipated Wicked film is more than just a blockbuster adaptation of a Broadway classicits a masterclass in thoughtful storytelling, an exploration of complex relationships, and a testament to the power of embracing individuality.

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Strategy 67

TheGuardian

DECEMBER 11, 2024

Two lenders can challenge October decision that undisclosed commission paid to car dealers is unlawful The supreme court has granted permission for two car lenders to appeal against a landmark ruling on motor finance commission payments that has left firms fearing a potential 30bn compensation bill. The decision gives Close Brothers and the MotoNovo owner FirstRand a chance to overturn a shock ruling by the court of appeal in October which said that paying secret commission to car dealers witho

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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

DECEMBER 9, 2024

Customers of fintechs affected by Synapse's bankruptcy have been waiting since May for money they had in their accounts, and $65 million to $85 million still appears to be missing.

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ABA Community Banking

DECEMBER 12, 2024

The banking industry reported net income of $65.4 billion in the third quarter of 2024, a decrease of $6.2 billion, or 8.6%, from the prior quarter, according to the FDIC. The post Quarterly Banking Profile: Banking net income $65.4 billion in Q3 2024 appeared first on ABA Banking Journal.

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Ublocal

DECEMBER 13, 2024

Year-End Financial Checkup: Are You on Track? The end of the year isnt just made for celebrations, its a time to take a look at your finances and see where you stand. We dont just mean a quick glance at your savings and checking accounts, a financial review means assessing your financial progress and setting goals for the new year. Why Budget Reviews Matter A budget review means taking a close look at your income and spending over the past year.

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Taxes New Hampshire Vermont Meeting 40

TheGuardian

DECEMBER 9, 2024

Specialist law firms and CMCs could be in line for massive payday with their cuts from consumer compensation A cloud of anxiety was hanging over the British Motor Museum. Alongside showrooms featuring the 1988 Le Mans-winning Jaguar XJR-9 and the Land Rover Defender used in opening scenes of the James Bond film Skyfall, were conference rooms filled with worried lawyers, bankers and compliance staff from across the motor lending industry.

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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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American Banker

DECEMBER 12, 2024

Banks that don't focus on credit cards for this market may find larger banks and fintechs are eating their lunch.

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Cards Fintech Marketing Community Bank 77

ABA Community Banking

DECEMBER 10, 2024

Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell. The post Massachusetts banks announce merger appeared first on ABA Banking Journal.

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The Financial Brand

DECEMBER 10, 2024

This article AI Hype in Banking Cools as Skepticism Grows appeared first on The Financial Brand. Concerns over the inaccuracies of generative AI tools have dampened some of the enthusiasm surrounding the technology. This article AI Hype in Banking Cools as Skepticism Grows appeared first on The Financial Brand.

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BankBazaar

DECEMBER 10, 2024

On International Mountain Day, we reflect on how mass tourism in hill stations impacts local economies, culture, and the environment, and the need for sustainable practices both environmental and financial. Growing up amidst the majestic peaks and tranquil valleys of the hills and mountains in India, well before any of them were discovered by tourists, has been one of the greatest privileges of my life.

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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

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American Banker

DECEMBER 12, 2024

In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for overdraft fees or another amount commensurate with costs. Banks could also charge more if they disclose the fees' annual percentage rate of interest to customers.

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PopularBank

DECEMBER 10, 2024

In 2023, 120 million consumers and small businesses relied on Zelle for basic money transfers. Additionally, Zelle handled nearly three billion transactions worth over $800 billion. Despite its widespread use, less than a tenth of a percent of all transactions (three million, to be exact) were reported as frauds or scams. With its growing popularity, Zelle has unfortunately become a target for hackers and bad agents seeking to scam victims out of their hard-earned cash.

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The Financial Brand

DECEMBER 10, 2024

This article Wealth Management Is Transforming. Which Banks and Challengers Will Come Out on Top? appeared first on The Financial Brand. With an imminent, massive wealth transfer expected over the next twenty years, banks and challengers must position themselves to meet the needs of a new breed of customer. This article Wealth Management Is Transforming.

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Management Branding Meeting Fintech 22

BankBazaar

DECEMBER 9, 2024

Did you know that those currency notes lying idle inside your wallet have the power to make you happy? Let’s find out how. You read it right! Money can buy you happiness, provided you know how to spend it right. We know youve been told otherwise, quite a number of times, but once you finish reading this article, hopefully youll see what we see.

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Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Community Bank

American Banker

DECEMBER 11, 2024

Institutions like BMO Financial Group and Bank of Nova Scotia saw earnings bogged down by increased loan loss provisions and higher tax rates.

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The Emmerich Group

DECEMBER 12, 2024

Ready to build a high-performance culture? Click here to watch our exclusive masterclass and discover proven strategies for driving excellence in your organization. This week, I want to talk about getting rid of the crazy. Almost every workplace has a little bit of crazy going on: gossip, whining, excuses, blaming, and pot-stirring. Almost every executive team I talk to when I ask them what has been going on will tell me, You know, we have big things to do, yet we’re still acting like four

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The Financial Brand

DECEMBER 12, 2024

This article Payments in 2025: 5 Strategic Priorities for Bank Execs appeared first on The Financial Brand. The widespread adoption of digital payments is not just a shift in channels or platforms. It may represent an existential threat to retail banking. This article Payments in 2025: 5 Strategic Priorities for Bank Execs appeared first on The Financial Brand.

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Payments Branding Retail Cards 15

American Banker

DECEMBER 12, 2024

Execs from U.S. Bancorp and Key bank discuss how emerging technology makes it easier to replicate the near invisible checkout that car-sharing riders enjoy.

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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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