Payments Dive
FEBRUARY 18, 2025
Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.
South State Correspondent
FEBRUARY 19, 2025
Bankers love rules and formulas. Here are 20 banking rules that have served us well over the years. Use these and save yourself much time and stress. These hacks are a combination of rules and shortcuts that we use daily in our decision-making. We have tried to pick some non-obvious shortcuts that have historically produced impressive returns as we look back on them over our careers. 1.
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Jeff For Banks
FEBRUARY 21, 2025
Ten years ago I wrote What's Your Well-Capitalized on these pages. It was in response to regulators persistently asking bankers the same question. Today, we have not done much about it because we have relied on that lazy space using the regulatory definition of well capitalized. Or at least regulatory expectation of it. I recently spoke at the American Bankers' Association Conference for Community Bankers regarding risk appetite statements in a presentation called Leave Nothing Unspoken.
Abrigo
FEBRUARY 20, 2025
This article covers these key topics: The central value of AI for banking Efficiency vs. effective: Why it matters Workflows and transforming processes with AI Additional elements for a successful AI strategy Taking your institution directly to best in class with the right AI strategy An AI strategy will unlock the greatest value for banks and credit unions when the strategy aims for bold, audacious goals rather than incremental efficiency gains.
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TheGuardian
FEBRUARY 17, 2025
Chancellor had sought to prevent lenders caught up in commissions scandal being handed 44bn bill Rachel Reeves was dealt a fresh blow on Monday when her attempt to intervene in a high-profile supreme court case and curb a potential 44bn bill for lenders caught up in the car loan commissions scandal was rejected. Judges at the supreme court rejected the chancellors application, lodged last month , in which she urged them to avoid handing windfall compensation to borrowers harmed by allegedly secr
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ABA Community Banking
FEBRUARY 20, 2025
In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day roundtrips for bowling tournaments. For Clayton, that commitment to going the distance is also what community banking is about. The post Podcast: Bowling 300 on bank policy advocacy appeared first on ABA Banking Journal.
Abrigo
FEBRUARY 20, 2025
Artificial intelligence (AI) is transforming fraud prevention AI offers financial institutions a way to reduce false positives, detect fraud faster, and improve suspicious activity monitoring. However, AI is not a substitute for human expertiseits a tool that enhances efficiency and decision-making. When integrated strategically, AI allows BSA and fraud teams to focus on higher-risk cases and conduct more thorough investigations while maintaining complete control over compliance processes.
TheGuardian
FEBRUARY 20, 2025
City executives spoke to Rachel Reeves about reducing annual allowance from current 20,000, reports say Major savings providers have pledged to fight any attempts to cut tax breaks on cash Isas amid reports that the government is considering a plan to slash the maximum amount people can put into them from 20,000 a year to 4,000. In recent weeks a row has broken out over whether ministers should scale back tax breaks on the popular savings accounts.
Payments Dive
FEBRUARY 18, 2025
Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.
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AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
South State Correspondent
FEBRUARY 17, 2025
For the last few years, SouthState Bank Correspondent Division has been hosting lender lunches across the country. At these events, we invite local executives and lenders to discuss what drives community bank performance, we highlight challenges and opportunities for community banks, bankers have a chance to network over a short period (and eat lunch), and most importantly, we provide key tools and concepts that bankers can implement immediately to increase performance and outcompete larger bank
Abrigo
FEBRUARY 21, 2025
Making the most of data developed for CECL See how banks, credit unions, and other financial institutions can leverage data developed and used for the CECL model for stress testing and strategic insight. Key topics covered in this post: The "burden" of CECL data collection is now a blessing Better comparisons with peers Use prepayment studies for ALM & pricing insight Utilize CECL data for stress testing 5 ways to use data developed for the expected credit loss model As CECL was first being
TheGuardian
FEBRUARY 19, 2025
Bank moves climate targets from 2030 to 2050 and waters down environmental goals in plan for Georges Elhedery HSBC is delaying key parts of its climate goals by 20 years, while watering down environmental targets in a new long-term bonus plan for its chief executive, Georges Elhedery, that could be worth up to 600% of his salary. The London-headquartered lender said it had launched a formal review of its net zero emissions policies and targets which are split between its own operations and thos
Payments Dive
FEBRUARY 20, 2025
“Dollar-based stablecoins such as USDT and USDC are traded all over the world at any time of the day, regardless of holidays, time zones, and whether markets are open or closed,” writes the CEO of an embedded finance company.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
ABA Community Banking
FEBRUARY 17, 2025
The Federal Reserves regulations and supervisory process require significant maintenance to meet the Feds statutory mandate on safe and sound banking, Fed Governor Michelle Bowman said in a major speech at ABAs Conference for Community Bankers. With a personnel shift in supervision at the Fed board coming this month, Bowman laid out her vision for a revamp of the Feds supervisory and regulatory system.
BankUnderground
FEBRUARY 20, 2025
Sam Christie and Aniruddha Rajan Sudden contractions in credit supply can trigger and amplify recessions a reality made painfully clear by the 2008 global financial crisis (GFC). However, quantifying these real economic effects is challenging. In this post, we demonstrate a novel way to do so using Granular Instrumental Variables (GIV) , focusing on the UK mortgage market.
TheGuardian
FEBRUARY 20, 2025
Exclusive: Advance commissions said to total millions of pounds allegedly pushed customers to certain providers UK lenders paid advance commissions to car dealers that may have encouraged them to push costlier loans on to consumers, legal filings linked to the motor finance scandal reveal. Court documents seen by the Guardian show that lenders, including Lloyds Banking Group, have paid commission to individual dealerships in lump sums upfront, which campaigners say total millions of pounds.
Payments Dive
FEBRUARY 19, 2025
The processor will buy the retail and hospitality payments services provider in an all-cash transaction to build a globally integrated payment platform.
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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.
William Mills
FEBRUARY 20, 2025
The financial services landscape is evolving at a rapid pace. To help you stay ahead, we've compiled a collection of insights, trends, and predictions from our clients industry leaders and innovators who are shaping the future of finance. From technological advancements and regulatory shifts to changing consumer expectations, we explore the key forces driving change in 2025 and beyond.
ATM Marketplace
FEBRUARY 18, 2025
Learn four ways banks can use digital signage in branches.
TheGuardian
FEBRUARY 21, 2025
HSBC, Citi and Morgan Stanley among five banks CMA investigated for competition law breaches between 2009-13 Four major banks including HSBC and Citi have been fined more than 100m by the UK competition regulator after it found traders were using Bloomberg chatrooms to share sensitive information about government bonds. The penalties follow a long-running investigation by the Competition and Markets Authority (CMA), which discovered that individual traders at Citi, HSBC, Morgan Stanley, Royal Ba
Payments Dive
FEBRUARY 21, 2025
The buy now, pay later product Afterpay became available to eligible cardholders in 20 states Tuesday.
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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.
ABA Community Banking
FEBRUARY 18, 2025
Acting Comptroller of the Currency Rodney Hood told community bankers that regulation needs to be effective without being excessive. He also plans to revisit how bank merger applications are reviewed. The post Acting OCC head discusses regulatory tailoring, bank merger reviews appeared first on ABA Banking Journal.
ATM Marketplace
FEBRUARY 21, 2025
Can an ATM be a destination? It can if it adds advanced features.
TheGuardian
FEBRUARY 20, 2025
Profits hit as total held back for payouts rises to almost 1.2bn amid uncertainty over final financial impact Business live latest updates Lloyds Banking Group has been forced to put aside a further 700m for potential compensation over the ballooning car loan commission scandal, in a move that knocked its annual profits by 20%. The latest provision marks a notable jump in the banks estimates for the potential cost of the scandal and brings the sum it will hold back for payouts to almost 1.2bn.
Payments Dive
FEBRUARY 19, 2025
The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.
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