Payments Dive

JANUARY 10, 2023

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

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Trends Payments Industry 501

ABA Community Banking

JANUARY 11, 2023

Meet Saleem Iqbal, ABA’s Community Bankers Council chair. The post ‘My hobby is banking’ appeared first on ABA Banking Journal.

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Community Meeting Community Bank Leadership 111

South State Correspondent

JANUARY 11, 2023

In a previous article ( HERE ), we analyzed industry performance and demonstrated that the average five-year net interest margin (NIM) and return on assets (ROA) are unrelated. The correlation coefficient (R 2 ) between these two variables is NEGATIVE 0.02 (essentially no explanatory relationship). This lack of connection has been a general observation in the banking industry for decades.

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Community Bank Community Analysis Industry 195

Payments Dive

JANUARY 11, 2023

U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

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Fintech 367

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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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BankInovation

JANUARY 12, 2023

As the banking space continues to evolve, financial institutions are finding that companies they previously considered rivals may be potential partners. In a survey of 792 bank decision-makers in 50 countries conducted by France-based Sopra Banking Software, 77% of senior banking executives said they “feel pressured” to partner with fintechs to stay relevant in the […].

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Fintech Survey Software Company 52

South State Correspondent

JANUARY 11, 2023

Many banks work hard to have a low-cost deposit base only to undermine their efforts. One of the biggest mistakes bank make when pricing deposits is advertising an above-market rate, thereby shortening deposit duration and increasing negative convexity for that one account and the whole product offering. This subtle distinction might be lost on many inexperienced bankers, and it is worth a review – while the rate impacts an account, the mere advertising also affects the account.

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Training Marketing Capital Course 195

Payments Dive

JANUARY 13, 2023

The buy now, pay later provider said it encountered a “technical issue” and that transactions would be corrected at banks within three to seven days.

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Cisco

JANUARY 10, 2023

As a change agent serving the financial services industry for over 20 years, it is a great privilege to collaborate with Bank, Insurance, and Wealth Management institutions to devise and execute digital transformation strategy, solve complex business problems, and leverage technology to strengthen business results. Ending a chaotic 2022 with the Federal Reserve in their December meeting raising interest rates to control inflation another 50 basis points following four consecutive 75 basis point

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Digital Strategies Strategy America Innovation 174

CFPB Monitor

JANUARY 12, 2023

The CFPB has filed an amicus brief in Mohamed v. Bank of America, N.A. in which it argues that a prepaid card loaded with pandemic-related unemployment benefits is a “prepaid account” subject to Regulation E, including its error resolution requirements.

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Regulation America Cards 148

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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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South State Correspondent

JANUARY 10, 2023

Examining Bond Portfolio Trends: Fourth Quarter 2022. Beginning in May 2012, we started tracking portfolio trends of our bond accounting customers here at SouthState|DuncanWilliams. At present, we account for over 130 client portfolios with a combined book value of $13.96 billion (not including SouthState Bank), or $107 million on average per portfolio.

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Trends Taxes Marketing Security 195

Payments Dive

JANUARY 12, 2023

The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market.

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Company Cards Marketing 475

BankUnderground

JANUARY 12, 2023

Kristina Bluwstein, Sudipto Karmakar and David Aikman. Introduction. Inflation reached almost 9% in July 2022, its highest reading since the early 1990s. A large proportion of the working age population will never have experienced such price increases, or the prospect of higher interest rates to bring inflation back under control. In recent years, many commentators have been concerned about risks to financial stability from the prolonged period of low rates, including the possibility of financia

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Policies Capital Exercises Lending 137

CFPB Monitor

JANUARY 13, 2023

The CFPB has issued a proposed rule to establish a system for the registration of nonbanks subject to CFPB supervision that use “certain terms or conditions that seek to waive consumer rights or other legal protections or limit the ability.

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System 141

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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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Banking Exchange

JANUARY 9, 2023

Entities that are not federally regulated should not be allowed to make SBA-approved loans, industry groups argue Compliance Feature3 Feature Compliance Management Compliance/Regulatory Small Business PPP Covid19.

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Compliance Fintech Regulation Groups 122

Payments Dive

JANUARY 9, 2023

The digital payment pioneer’s CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.

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Payments 417

ATM Marketplace

JANUARY 13, 2023

Cryptocurrency has taken a big hit of late with the bankruptcy of the FTX crypto exchange, but one crypto entrepreneur that has brought crypto to the vending space believes the technology has a promising future: particularly the oft maligned NFT.

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cryptocurrency Technology 121

TheGuardian

JANUARY 11, 2023

Report from climate activist groups says City is unprepared for potential collapse in value of fossil fuel assets The UK could suffer 500,000 job losses and be forced to spend £674bn of taxpayer cash to rescue its banks, unless the City prepares for the value of fossil fuels to collapse as a result of climate crisis regulations , research shows. The report, published by a collective of climate activist groups known as the One to One campaign, suggests those financial repercussions could eclipse

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Groups Regulation Report 113

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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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CFPB Monitor

JANUARY 13, 2023

The New Jersey Attorney General recently announced a settlement in its lawsuit against Yellowstone Capital LLC, its parent company, and various subsidiaries and affiliates alleging that the defendants violated the New Jersey Consumer Fraud Act (CFA) and the New Jersey.

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New Jersey Fraud Capital Company 78

Payments Dive

JANUARY 12, 2023

With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

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Company Payments Industry 492

ATM Marketplace

JANUARY 10, 2023

We have now entered into 2023, and it's time to look ahead to see what's on the horizon for branches, self-service and overall banking trends this year.

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Banking Trends Trends 111

TheGuardian

JANUARY 13, 2023

Bank slashes predicted 2023 European wholesale price by 30% as mild weather reduces demand HSBC has slashed its forecasts for future wholesale gas prices in response to mild weather in Europe – raising hopes of a sharp decline in household energy bills. The bank cut its 2023 forecasts for the price of gas traded in Europe by about 30% and its forecast for 2024 by 20%.

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Company Industry 99

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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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CFPB Monitor

JANUARY 12, 2023

We first discuss the multiple benefits of diversity, equity, and inclusion (DEI) for financial institutions, the challenges and opportunities institutions face in implementing a DEI strategy, and how DEI applies beyond an institution’s workforce. We then consider the risk of.

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Strategy Industry 78

Payments Dive

JANUARY 13, 2023

PayPal’s Xoom service has linked with Visa Direct to offer real-time debit card deposits in 25 countries where U.S. residents can send money.

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Payments Cards 312

Gonzobanker

JANUARY 12, 2023

The truth stings when it comes to transformation. We now join a special GonzoBanker “look behind the scenes” at Van De Lay Bank and Trust. CEO Marvin Fredrick is meeting with CFO Glenda Jenkins to go over their latest investor deck, which will highlight 2022 earnings performance and emphasize the strategic strength of the institution. The two have asked their new college intern, Tony Juarez, to join them because he’s “really good at PowerPoint.”.

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Training Strategy Meeting Marketing 78

TheGuardian

JANUARY 11, 2023

Consumers have got used to poor returns on savings accounts, but there are now better deals If you are one of the millions of people whose savings are languishing in an account paying little or no interest, it might be time to act because you could be earning 4.25%, or more on your cash. Earlier this week the Coventry building society warned that Britons have a collective £268bn sitting in easy and instant access accounts paying no interest – an increase of more than £9.6bnon a year ago.

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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

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