ATM Marketplace
FEBRUARY 6, 2023
Despite the rise of cashless and contactless payment in recent years, cash is far from dead, according to a panel of experts convened at December's Self Service Innovation Summit in Hollywood, Florida.
South State Correspondent
FEBRUARY 8, 2023
After last week’s FOMC rate increase of 25 basis points, the yield curve is more inverted than at any time in the previous 30 years. The current yield curve presents various challenges for community bankers for revenue generation and risk management. In this article, we will outline the significance of the yield curve shape and what it may portend for community banks.
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FICO
FEBRUARY 9, 2023
Home Blog FICO Six Steps to Growth in a Global Economic Squeeze Learn how banks and other financial institutions can use personalization to drive growth in spite of global economic uncertainty FICO Admin Thu, 12/19/2019 - 16:29 by TJ Horan Vice President, Product Management expand_less Back To Top Thu, 02/09/2023 - 12:30 Right now, we’re all wrestling with the squeeze on household incomes and rising inflation.
Gonzobanker
FEBRUARY 8, 2023
Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. totaled $3.9 billion in Q4 2022, down 79% from Q4 2021. The total number of deals funded dropped from 423 in Q4 2021 to 342 in Q4 2022, representing a 73% decline in the average funding amount per raise from $43 million down to $11.4 million.
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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.
South State Correspondent
FEBRUARY 8, 2023
If you are looking for insight into how artificial intelligence can help in banking, we give you the Unified Deposit Formula that can be used for raising deposits. Before using machine learning, we, like most bankers, thought about deposit pricing along a single dimension – price and sensitivity. However, it turns out that price and sensitivity are only part of the equation.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Perficient
FEBRUARY 7, 2023
In “Behind the Golden Arches” by John Love, the author shares an anecdote of how in the early days of McDonald’s, the company was having cashflow problems despite its being a significant source of revenue for many farmers. In a meeting with a particularly large farmer who had made significant money from selling tomatoes, lettuce, and especially potatoes to McDonald’s, Ray Kroc asked for a cash infusion, and without hesitation, the farmer wrote him a $25 thousand-dollar check on the spot (a very
Abrigo
FEBRUARY 10, 2023
Upcoming revisions to the Corporate Transparency Act Stay current on CTA updates and leave comments on the proposed rulemaking regarding FinCEN's beneficial ownership registry. You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." register now Takeaway 1 The Corporate Transparency Act mandates the creation of a public database for obtaining and holding beneficial ownership information.
Cisco
FEBRUARY 7, 2023
Gartner first coined the term secure access service edge (SASE) in 2019. No one could have predicted how important and quickly SASE would become relevant to almost every business in order to function. With financial institutions digital transformation plans, the move to the cloud for many applications only heightened the interest and need. SASE is about delivering networking and network security controls at the edge as close to the users as possible.
Payments Dive
FEBRUARY 10, 2023
Like the company’s $1 billion sale of its Netspend consumer unit, the divestiture reflects efforts to refine its portfolio, said Global Payments CEO Jeff Sloan.
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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
TheGuardian
FEBRUARY 7, 2023
Bank sided with China in denying pension payouts to people who fled crackdown, says all-party group HSBC is complicit in human rights abuses against Hong Kong residents by siding with Chinese authorities and denying pension payouts to those who fled the authoritarian crackdown, an inquiry by peers and MPs has concluded. The report by the all-party parliamentary group (APPG) on Hong Kong took issue with the fact that banks including HSBC – which help to manage the compulsory pension fund that all
Abrigo
FEBRUARY 9, 2023
Name screening for sanctions compliance Understand regulatory expectations surrounding name screening and the best lists for your risk-based AML program. You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions " WATCH NOW Takeaway 1 Financial institutions must understand regulatory expectations for name screening with sanctions lists.
ATM Marketplace
FEBRUARY 10, 2023
With many countries examining central bank digital currencies, a question emerges: How will this impact ATMs and cash usage?
Payments Dive
FEBRUARY 6, 2023
“False declines are especially problematic in an environment where demanding customers with high expectations are not afraid to take their business elsewhere,” writes an Experian executive.
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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.
BankUnderground
FEBRUARY 9, 2023
Nicola Garbarino, Benjamin Guin and Jonathan Lee 5.2 million properties in England are at risk of flooding. To ensure the availability and affordability of flood insurance to households in flood-prone areas, the UK Government introduced an innovative reinsurance scheme, Flood Re, in April 2016. It provides insurers with an option to pass the flood-risk element of their policies on to the reinsurer at a lower fixed price according to property council tax band.
Abrigo
FEBRUARY 7, 2023
How construction administration units mitigate construction lending risk Construction lending involves unique risks and requires specialized processes. Could your institution benefit from forming a real estate and construction administration unit? You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH Takeaway 1 The OCC recommends that construction lending risk be managed by specialized real estate and construction lenders who report to the credit
TheGuardian
FEBRUARY 9, 2023
Bank also plans to phase out similar lending for existing customers under its first climate transition plan NatWest has announced it will stop offering loans to new customers hoping to fund oil and gas exploration, extraction or production projects, as part of a wider climate transition plan due to be unveiled next week. The banks’s chief executive, Alison Rose, said similar steps would be taken to phase out the same funding for existing customers, meaning the bank would refuse to renew, refinan
Payments Dive
FEBRUARY 6, 2023
In pursuing profitable growth, point-of-sale software and payments provider Lightspeed Commerce is zeroing in on larger merchants as clients.
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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
FEBRUARY 10, 2023
Listerhill Credit Union has improved its call deflection rate through enhanced self-service digital offerings since selecting Glia as its digital partner in November 2021. The $1.2 billion credit union uses Glia’s online guide CoBrowsing to help consumers navigate its website through AI-enabled assistance and web page monitoring, according to a Glia release.
CFPB Monitor
FEBRUARY 10, 2023
The CFPB recently issued an advisory opinion entitled Real Estate Settlement Procedures Act (Regulation X); Digital Mortgage Comparison-Shopping Platforms and Related Payments to Operators. The CFPB states that it issued the advisory opinion “to address the applicability of the Real Estate Settlement Procedures Act (RESPA) section 8 to operators of certain digital technology platforms that enable consumers to comparison shop for mortgages and other real estate settlement services, including pla
TheGuardian
FEBRUARY 7, 2023
Britons will be able to fix monthly home loan costs at level below Bank of England base rate Five-year fixed-rate mortgages priced at below 4% are back on sale for the first time since just after the disastrous autumn mini-budget. HSBC has repriced its range and introduced a new five-year fix at 3.99% for customers remortgaging who are looking to borrow up to 60% of the property’s value.
Payments Dive
FEBRUARY 7, 2023
Even as the payments and fintech giant cut employees and sold off business units, the company spent $1 billion on acquisitions last year.
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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.
BankInovation
FEBRUARY 8, 2023
Accounting software provider Xero is broadening its relationship with payments fintech Stripe to provide faster payment collection and reconciliation for small- and medium-sized business clients.
CFPB Monitor
FEBRUARY 9, 2023
The issue of whether a home equity line of credit (HELOC) that can be accessed using a credit card is a “credit card plan” subject to the Truth in Lending Act’s setoff prohibition is currently before the U.S. Court of Appeals for the Fourth Circuit. The American Bankers Association recently filed an amicus brief in the case in support of the appellee bank’s position that the prohibition does not apply to HELOCs. .
SWBC's LenderHub
FEBRUARY 9, 2023
Delinquency and collections are an inevitable part of the lending business, especially as we head into an economic future dominated by inflation and high interest rates. Delinquent accounts present cash flow and many other challenges for an institution, and the process of recovering those funds can be time-consuming, expensive, and inefficient if you don't have the right tools in place.
Payments Dive
FEBRUARY 9, 2023
Dan Schulman plans to retire at the end of the year, giving PayPal’s board a head start on finding his successor, he said during an earnings call with analysts.
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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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