Sat.Mar 02, 2024 - Fri.Mar 08, 2024

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Time to TikTok?

ABA Community Banking

The popular app is where Gen Z goes for trends, news and even financial advice. Here’s how some banks are using TikTok and platforms like it for education. The post Time to TikTok? appeared first on ABA Banking Journal.

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Influencer Marketing: Is the ROI Worth it for Community Banks?

The Financial Brand

This article Influencer Marketing: Is the ROI Worth it for Community Banks? appeared first on The Financial Brand. Big banks have already tested the waters when it comes to advertising with influencers — but there's a few considerations community banks should make before diving in. This article Influencer Marketing: Is the ROI Worth it for Community Banks?

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Winning the Pricing Marathon: Behavioral Economics in Banking

The Financial Brand

This article Winning the Pricing Marathon: Behavioral Economics in Banking appeared first on The Financial Brand. Q&A: Melina Palmer shares how banks can leverage behavioral insights to optimize pricing, boost loyalty, and win the race for digital growth. This article Winning the Pricing Marathon: Behavioral Economics in Banking appeared first on The Financial Brand.

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Why Fifth Third is forgoing in-house AI development

BankInovation

Technology buzz, both inside and outside the banking industry, is centered on innovation — including the ongoing ramp of cloud migration and the excitement around the promise of AI, the new kid on the block.

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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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Embedded Fintech Differentiates Your Digital Experience

Jack Henry

Building financial technology can be an expensive undertaking for a bank or credit union. It’s generally reserved for the largest banks in the U.S. that have entire teams dedicated to R&D and building – rather than buying – custom solutions.

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The 7 Biggest AI Conferences for Financial Services, Banking & Fintech in 2024

Fintech Labs Insights

As we head into Spring, this is a perfect time to register for the AI events you’re considering. For the most part, early-bird (or very-early-bird) prices are still in effect, so you can easily save $1,000 or more on a pair of tickets. Take a close look now at our curated list of top fintech, banktech, payment tech and investech global conferences for 2024.

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Banks and fintechs need to share data to combat first-party fraud

American Banker

False transaction disputes and other individual-level financial fraud cost the industry billions. It's time to join forces and even the odds.

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Stress tested

ABA Community Banking

Bankers look back on the bank failures of spring 2023 and share some lessons learned and strategies for success. The post Stress tested appeared first on ABA Banking Journal.

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A ‘Pivotal’ Moment: What’s Next for Commercial Banking?

The Financial Brand

This article A ‘Pivotal’ Moment: What’s Next for Commercial Banking? appeared first on The Financial Brand. The commercial banking industry is focusing on liquidity management and preparing for new regulations. Why? Find out here. This article A ‘Pivotal’ Moment: What’s Next for Commercial Banking? appeared first on The Financial Brand.

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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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Cash App enforcement action expected this year

Payments Dive

Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.

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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Bank wire fraud is growing and becoming more complex. Here are a few simple things you, as a financial crime professional, can do to slow it down. Would you like other articles like this in your inbox? Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 2 Transnational criminal organizations commit b ank wire transfer fraud and use a variety of techniques to make Americans their victims.

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CoPilot for Banks – 7 Steps Before Integrating Generative AI

South State Correspondent

By now your bank is likely convinced on the merits of generative AI. Microsoft’s Office 365 CoPilot, the integration of the Microsoft version of OpenAI’s Chat GPT into the Office suite, represents the fastest, and likely safest way, to integrate the latest technology within your bank. Earlier this year, Microsoft dropped the 300 licenses minimum (and other requirements) and now every bank should consider the technology.

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SCOTUS oral argument in Cantero v. Bank of America provides no clear indication of likely outcome; Ballard Spahr to host April 3 special webinar roundtable on Cantero oral argument

CFPB Monitor

On February 27, 2024, the U.S. Supreme Court heard oral argument in Cantero v. Bank of America, N.A. , a case involving the effect of the Dodd-Frank Act on the scope of preemption under the National Bank Act (NBA). The question before the Court is whether, post-Dodd-Frank Act, the NBA preempts a New York statute requiring banks to pay interest on mortgage escrow accounts. .

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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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Apple blocks Epic’s rival app store

Payments Dive

“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.

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36 Hours at Fintech Meetup: Three Themes from the Las Vegas Event

Gonzobanker

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. The striking thing about the conference was not the magician hired to walk around the booths during Monday’s reception or the illustrator seated right next to a sign created by artificial intelligence on Sunday’s welcome gathering, it was the event’s meeting pit: a section in the exhibit hall that was dedicated to taking short meetings that the mobile app as

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How Loan Size Impacts Commercial Loan Profitability

South State Correspondent

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance. Relationship Between Loan Size and Profitability Four primary factors drive the relationship between loan size and return on assets (ROA)/ return on equity (ROE).

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Take it from a former banker: the budget is for ordinary people. The mega-rich look on and laugh | Gary Stevenson

TheGuardian

Whatever Jeremy Hunt says, traders know the rich will get richer and the poor will get poorer. And they’re paid millions to bet on it In May 2010, I lost $8m in a week. I was 23 years old. Back then, I was an interest rates trader for Citibank in Canary Wharf. I had won that job only three years earlier in a card game while I was a maths student at LSE.

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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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Visa, Western Union partner on cross-border payments

Payments Dive

The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.

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This week’s podcast episode: U.S. Supreme Court hears two cases in which plaintiffs seek to overturn Chevron judicial deference framework: Who will win and what does It mean? Part I

CFPB Monitor

On January 17, 2024, the U.S. Supreme Court heard oral argument in two cases in which the question presented is whether the Court should overrule its 1984 decision in Chevron, U.S.A., Inc. v. Nat. Res. Def. Council, Inc. That decision produced what became known as the “ Chevron judicial deference framework”–the two-step analysis that courts typically invoke when reviewing a federal agency’s interpretation of a statute. .

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How Loan Size Impacts Commercial Loan Profitability

South State Correspondent

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance. Relationship Between Loan Size and Profitability Four primary factors drive the relationship between loan size and return on assets (ROA)/ return on equity (ROE).

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US banks abandon ‘bare minimum’ environmental standards project, alarming climate groups

TheGuardian

Citi, BofA, JPMorgan Chase and Wells Fargo leave framework that assesses environmental, social and governance (ESG) financing Four of the world’s biggest banks have left the Equator Principles, a set of minimum industry standards and safeguards for financial institutions to address environmental and social risks in countries where they finance fossil fuel and mining projects.

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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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Fiserv lines up FedNow clients

Payments Dive

The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.

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VA Proposes Supplemental Refinance Loan Rule

CFPB Monitor

As previously reported , in November 2022 the Department of Veterans Affairs (VA) issued a proposal to update its rules for interest rate reduction refinancing loans (often referred to as “IRRRLs”) to conform with VA loan refinance provisions in the Economic Growth, Regulatory Relief, and Consumer Protection Act, which was enacted in 2018, and the Protecting Affordable Mortgages for Veterans Act of 2019.

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Financial Planning & Women

BankBazaar

This International Women’s Day, we are happy to bring to you a primer on financial planning written keeping women at the centre. Taking the first steps to financial independence is difficult regardless of your gender. However, women face some hurdles unique to them, leaving them with a disadvantage when it comes to finances. This can have a far-reaching impact on the financial and emotional well-being of women, and by extension, their families.

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PNC CEO: 'Regulation is uneven' between OCC, other agencies

American Banker

Bill Demchak, in a panel hosted by Brookings on Tuesday, said that last year's bank failures wouldn't have happened if the Office of the Comptroller of the Currency had been the supervisor.

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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