Apple unveils new iPhone touch and pay feature
Payments Dive
JUNE 12, 2024
The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.
Sat.Jun 08, 2024 - Fri.Jun 14, 2024
448 
Statistical Evidence on What Hurts Bank ROE
South State Correspondent
JUNE 11, 2024
FDIC-insured “Problem Banks” list has been increasing over the past two years. For the community banking industry (banks under $10B in assets), this is particularly troubling as the number of community banks earning negative return on equity (ROE) spiked to 237 institutions in Q1/24, or 5.71% of all community banks. Bank ROE is now a problem. We aim to explain the reason for this spike in the percentage of unprofitable community banks so that bankers can better manage their business model.
Join 23,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Key considerations for North American retail banks amid ongoing uncertainty
Accenture
JUNE 13, 2024
In May of 2024, the Aurora Borealis, also known as the Northern Lights were on full display for the largest proportion of the United States in decades. The Northern Lights are caused by geomagnetic flairs or “solar storms” from the sun, which can lead to extremely disruptive events on Earth. In 2003, an extreme solar… The post Key considerations for North American retail banks amid ongoing uncertainty appeared first on Accenture Banking Blog.
World’s top banks ‘greenwashing their role in destruction of the Amazon’
TheGuardian
JUNE 11, 2024
Institutions alleged to have given billions of dollars to oil and gas companies involved in projects that are harming the rainforests Five of the world’s biggest banks are “greenwashing” their role in the destruction of the Amazon, according to a report that indicates that their environmental and social guidelines fail to cover more than 70% of the rainforest.
Fall In Love With the Month-End Close
Advertisement
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.
Cash use persists in US beyond pandemic
Payments Dive
JUNE 11, 2024
Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.
Sign up to get articles personalized to your interests!
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
More Trending
ING gen-AI chatbot pilots in the Netherlands
BankInovation
JUNE 12, 2024
ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology. The pilot funnels only 2.5% of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam.
US bank Wells Fargo fires employees for ‘simulating’ being at their keyboards
TheGuardian
JUNE 14, 2024
Workers were sacked after review found they were ‘creating impression of active work’, says filing Business live – latest updates The US bank Wells Fargo has fired more than a dozen workers for alleged “simulation of keyboard activity”, in an apparent bid to fool their employer into thinking they were working. The employees were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work”, according to a filing with the Financial Industry
Apple adds BNPL offerings from rivals
Payments Dive
JUNE 13, 2024
The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.
Here is our Digital Banking Playbook
South State Correspondent
JUNE 14, 2024
You might need a new digital banking platform. Chances are your bank chose your current digital platform because it was easy. Maybe your core vendor provided it, or perhaps you were sold a platform by a vendor you happened to meet at a conference. Likely, your vendor has little relationship to your strategic needs and future architecture. In this article, we uncover what a modern digital platform looks like, why your bank might need to plan to change over the next three years, and if you are goi
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
How to fight ATM fraud
ATM Marketplace
JUNE 14, 2024
ATM security experts spoke about cutting edge fraud techniques and how banks can fight back.
Labour election victory would be ‘net positive’ for markets, says JP Morgan
TheGuardian
JUNE 10, 2024
Win would benefit banks, builders and supermarkets, say analysts, showing appeal of ‘centrist platform’ for City UK general election live – latest updates A Labour election victory will be a “net positive” for financial markets, strategists at the US bank JP Morgan have said, in an analysis that underlines the appeal of Keir Starmer’s “centrist platform” to the City of London.
Landmark Visa, Mastercard settlement in peril
Payments Dive
JUNE 14, 2024
The judge's likely rejection would scuttle a $29.79 billion deal that was two decades in the making.
PNC, Wells Fargo take action on card late fees. Will others follow?
American Banker
JUNE 13, 2024
PNC has cut its credit card late fees to $8, and Wells Fargo has eliminated the charges on one new card. The moves signal that issuers are already adjusting to a CFPB rule that's currently on hold amid a court challenge.
The Role of Automation in Commercial Lending
Advertisement
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.
How to avoid customer transformation pitfalls
ATM Marketplace
JUNE 11, 2024
How can banks successfully deliver customer transformation initiatives? A panel at the upcoming Bank Customer Experience Summit from Sept. 9 to 11 in Charlotte will offer the secret ingredients to a successful transformation.
London Stock Exchange CEO honoured in king’s birthday list
TheGuardian
JUNE 14, 2024
Julia Hoggett awarded damehood for services to business, while HSBC chair Mark Tucker receives knighthood • Business live – latest updates The head of the London Stock Exchange (LSE) and the chair of HSBC are among the business leaders to be recognised this year in King Charles’s birthday honours list. Julia Hoggett, a former banker who has been the chief executive of the London Stock Exchange since 2021, has been awarded a damehood for her services to business and finance.
eBay to accept Venmo
Payments Dive
JUNE 12, 2024
A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, which is popular among Gen Z and millennials
Community banks are oddly silent on the looming stablecoin threat
American Banker
JUNE 13, 2024
Legislation enabling new banklike stablecoin issuers would create direct competition for deposits, with small U.S. banks in the most danger. Where is the pushback from the industry?
Outsource With Confidence for RDC Program Success
Advertisement
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.
Saudi Central Bank joins mBridge for CBDC cross-border trade
The Paypers
JUNE 10, 2024
Saudi Central Bank has joined Project mBridge, collaborating with China, Thailand, Hong Kong, and UAE to test central bank digital currencies for cross-border trade and payments.
AI Now: Your Guide to Surviving the Rise of Machine Intelligence
William Mills
JUNE 13, 2024
While technologies come and go, AI is making seismic waves, permeating every corner of the business world. No longer a futuristic concept but a present-day reality, AI is seamlessly integrating into various sectors with remarkable efficacy. As we continue to witness AI reshaping industries and the future itself, it’s important we do a deep dive into its profound implications for society and work.
Startup offers ‘credit-building’ debit cards for Gen Z
Payments Dive
JUNE 13, 2024
Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.
What are the tech solutions to Zelle fraud and scam resolution?
American Banker
JUNE 11, 2024
Machine learning has a firm place in banks' fraud and scam detection work. But some are also experimenting with using generative AI to research and handle claims.
It Takes Two to Tango
Advertisement
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.
3 ways Swift is deploying tech for payments
BankInovation
JUNE 14, 2024
International payments network Swift is deploying technology to make its payments faster, safer and more efficient.
US Treasury seeks public input on the use of AI
The Paypers
JUNE 10, 2024
The US Treasury has asked the public to share their input regarding the use of artificial intelligence (AI) in the financial services sector.
Rivals Adyen, Stripe partner with Capital One to combat fraud
Payments Dive
JUNE 10, 2024
The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.
Goldman Sachs' fossil fuel financing is bad for its shareholders
American Banker
JUNE 14, 2024
The company's shareholders are ill-served by its large investments in fossil fuel projects that both damage the environment and present major financial risks.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
Let's personalize your content