South State Correspondent
JANUARY 22, 2025
Banks often lose 5% of a loan’s value before a loan is even booked due to interest rate risk in loan pricing. Persistently high inflation and the unknowns in the new administrations implementation of stated policies have translated to rapid increases in long-term interest rates. In a period of rapid change (or high volatility), we see some banks fall into a trap of mispricing their commercial loans.
Perficient
JANUARY 21, 2025
The insurance industry in 2025 is at a pivotal point, with key digital insurance trends leading the charge in transforming how carriers operate and interact with customers. Carriers must innovate, adapt to these changes, and leverage new technologies to maintain a competitive edge. Insurance Trend #1: Building Business Resilience Underwriting actions in response to increased claim frequency and severity are expected to stabilize combined ratios across most property and casualty insurance lines i
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South State Correspondent
JANUARY 22, 2025
As you approach strategic planning season, one topic that will surely come up is your strategy for generative AI (gen AI). Luckily, you can turn to gen AI to help you in your planning, as the strategic process is just one of the many bank processes that bankers can improve with this technology. This article presents our six-step framework for getting started, discusses using AI for strategic planning, and looks at some of its strengths and risks.
Payments Dive
JANUARY 21, 2025
The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offers a defense against rising fraud.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Abrigo
JANUARY 21, 2025
Taking a vacation is often a well-deserved break, but for financial crime professionals, it can trigger significant stress. Fraud and AML/CFT suspicious activity monitoring is a cornerstone of any AML program and a critical part of a financial institutions safety and soundness. However, compliance departments are frequently understaffed. Unexpected disruptions like turnover or family leave can exacerbate an already challenging workload for staff.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
JANUARY 21, 2025
Shares in Lloyds and Close Brothers rise as Treasury seeks to tell court that lawsuit could cause economic harm Business live latest updates The chancellor, Rachel Reeves, has launched a rare bid to intervene in a supreme court hearing in the car finance commission scandal that could reduce the 30bn-plus compensation bill lenders currently face. Shares in Lloyds and Close Brothers, two of the biggest providers of motor finance, surged on Tuesday after the Treasury submitted an application to th
Payments Dive
JANUARY 23, 2025
The payments processor tapped Michael P. Lyons, currently president of PNC Financial Services Group, to succeed CEO Frank Bisignano.
Abrigo
JANUARY 24, 2025
CRE origination, refinancing, and pricing challenges Experts from Trepp and Abrigo describe recent origination and delinquency trends in commercial real estate portfolios. They also share tips for managing risk and pricing. Key topics covered in this post: The big-picture view of CRE from Trepp Trepp bank consortium originations are 58% below pre-COVID averages Rising delinquency rates, especially in specific markets How to manage CRE risk and pricing Changes in the commercial real estate marke
The Paypers
JANUARY 20, 2025
The ECB , together with the Riksbank and Danmarks Nationalbank , have been focusing on an initiative that facilitates instant payments between currencies.
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Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
American Banker
JANUARY 23, 2025
The era of unchecked AI enthusiasm is giving way to a more measured and deliberate approach. Organizations are beginning to see AI not as a panacea but as a powerful, albeit complex, tool that requires thoughtful implementation.
Payments Dive
JANUARY 21, 2025
Fidelity National Information Services blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.
TheGuardian
JANUARY 20, 2025
Bank is considering sale of British business amid mounting frustrations over regulation Business live latest updates Santander has rushed out a note to senior managers after it emerged that the Spanish-owned lender is reviewing the future of its UK business amid mounting frustrations over regulation. The chief executive of Santanders UK corporate and commercial bank, John Baldwin, sent out a memo outlining how to respond to clients and its 21,000 UK staff, who have been rattled by news that the
The Paypers
JANUARY 20, 2025
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have released a joint report analysing developments in the crypto-asset sector.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
American Banker
JANUARY 22, 2025
China currently dominates the market for the hardware and software used to mine cryptocurrency. Creating a large federal reserve would expose a major U.S. asset to potential Chinese meddling.
Payments Dive
JANUARY 22, 2025
Despite the 3.5% cut to the payments services company’s headcount, it still plans to increase its total employee headcount to 10,000 by the end of the year, up from 8,200 now.
TheGuardian
JANUARY 20, 2025
Credit checks revealed fraud markers against my name, placed by the bank, even though I had never been a customer I have been very badly treated by TSB, even though I have never been a customer. It mistakenly placed three fraud markers against my name, which prompted my bank, Santander, to close all five of the accounts I held with it. This has caused significant financial problems since direct debits and standing orders failed, and I was unable to start a planned house extension.
The Paypers
JANUARY 19, 2025
1Money has officially launched from stealth mode, unveiling USD 20 million in seed funding to develop its Layer 1 blockchain network designed for stablecoin payments.
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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.
American Banker
JANUARY 24, 2025
FX professionals have long recognized that the most commonly used spreadsheet program struggles to keep up with an evolving marketplace. It's time to bring artificial intelligence into the mix.
Payments Dive
JANUARY 24, 2025
The card company still reported a rise in revenue and a surge in net income, driven partially by an increase in interchange and other fees paid by merchants.
TheGuardian
JANUARY 23, 2025
New deal being considered by board cuts fixed pay but allows for much higher bonuses The Barclays chief executive, CS Venkatakrishnan, could see his maximum pay package rise by 45% to more than 14m, as part of a new deal being considered by the banks board. The high street lender is understood to have written to the banks largest shareholders regarding potential plans to overhaul its pay structures for Venkatakrishnan and its finance chief, Anna Cross.
The Paypers
JANUARY 20, 2025
Visa has introduced Apple Pay to its customers in Egypt, marking a step forward in providing secure and convenient payment solutions tailored to the growing demand for digital-first services in the region.
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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
American Banker
JANUARY 24, 2025
Steve Squeri told analysts his firm is prepared to compete with small business technology providers like Ramp and Brex. He also weighed in on the potential payments behemoth that would result from Capital One's purchase of Discover.
Payments Dive
JANUARY 24, 2025
The credit card company’s revenue and net income surged last year as spending by cardholders and card customer additions reached new highs.
ABA Community Banking
JANUARY 21, 2025
Guilford Savings Bank in Guilford, Connecticut, has applied with regulators to acquire Eastern Connecticut Savings Bank in Norwich. The post Guilford Savings to acquire Eastern Connecticut Savings Bank appeared first on ABA Banking Journal.
The Paypers
JANUARY 24, 2025
Entrust has launched an AI-powered identity verification as a new tool for its IDaaS platform, enabling facial biometric authentication by verifying users against their encrypted identity.
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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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