South State Correspondent

MARCH 13, 2023

Equally important is the bank’s securities duration, as shown in the graph below. Approximately 56% of the bank’s securities had repricing greater than 15 years. SVB’s securities portfolio is high credit quality (Treasuries and quality MBS) but long duration. at the end of 2022, with $2.4B

Risk Management 221

Risk Management Management Community Bank Community 221

PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The launch comes a few weeks after Ant Group filed its initial public offering (IPO), which could be the biggest listing in the country’s history. billion yuan ($10.5 Citigroup , J.P.

Groups 272

Groups Fintech Mobile Report 272

PYMNTS

SEPTEMBER 27, 2020

“When everybody has to move to homeworking, everyone has to become their own cybersecurity expert and make their personal network as robust as they can,” Roderick Jones, founder of cybersecurity protection group Concentric Advisors told FT. Otherwise they risk exposing their corporate information.”.

Security 323

Security Company Fraud Survey 323

PYMNTS

NOVEMBER 3, 2020

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. Ant, formed in 2004 as Alibaba's payments processor, also works to connect China's borrowers and lenders and can secure short-term loans in minutes.

Groups 196

Groups Regulation Report Security 196

PYMNTS

APRIL 5, 2019

Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.

Groups 190

Groups social media Fraud cryptocurrency 190

PYMNTS

MAY 31, 2019

A cybersecurity research team at vpnMentor has discovered that The Pyramid Hotel Group, which manages Marriott and other hotel brands, underwent a data leak exposing vulnerabilities that could potentially be used by criminals, the company said in a report. The company said it contacted the hotel group about the breach.

Management 174

Management Company Data Florida 174

PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.

Groups 175

Groups Capital Regulation Fintech 175

Abrigo

MAY 10, 2022

Takeaway 3 Information from core deposit studies allows management to fund assets appropriately with non-maturity deposits. As noted throughout this “ Introduction to ALM ” blog series, a key aspect of asset/liability management (ALM) is managing assets and liabilities appropriately to generate and sustain margin.

Management 195

Management Study Analysis Groups 195

PYMNTS

DECEMBER 2, 2020

China’s Ant Group, which owns the widely used Alipay payments app, is looking at selling its 30 percent stake in India’s Paytm as friction between the two countries grows, sources told Reuters. Reuters said Paytm, which is partly backed by Japan’s SoftBank Group Corp., Like Alipay, Paytm is a digital payments platform.

Groups 179

Groups Report Regulation Fintech 179

PYMNTS

NOVEMBER 22, 2020

Raiffeisen , the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement says. We are very pleased to have won a new customer in Switzerland with the Raiffeisen Banking Group," he said, according to the release.

Management 193

Management Payments Groups blockchain 193

Cisco

JUNE 7, 2022

It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Ransomware groups will continue to professionalize. This is the number one cyber security challenge for financial institutions, according to the Deloitte Center for Financial Services and the FS-ISAC.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

Bank Innovation

MARCH 1, 2018

Credit Suisse Group and Dutch bank ING Groep NV today announced they successfully completed a €25 million ($30.48 million) securities lending transaction using blockchain-based software created by blockchain consortium R3.

NV 236

NV blockchain Security Resources 236

PYMNTS

NOVEMBER 20, 2020

What’s next for Ant Group – and by extension, Jack Ma? . To that end, Howard Yu , LEGO Professor of Management and Innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster that a restructuring may be on the horizon. . Tall Tree’ Worth a Second Look? .

Groups 236

Groups Regulation Policies Meeting 236

PYMNTS

DECEMBER 27, 2020

Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec.

Groups 225

Groups Regulation Payments Lending 225

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

Security 240

Security System Fraud Data 240

Perficient

NOVEMBER 8, 2024

Implementation of Risk-Management Practices and Termination of Noncompliant AI AI policy and review process. All safety- or rights-impacting AI use cases undergo a comprehensive risk impact assessment including validation of all risk-management practices defined in OMB M-24-10 section 5(iv). Enforceability and penalties.

Regulation 221

Regulation Risk Management Policies Compliance 221

Independent Banker

NOVEMBER 30, 2022

As community banks grow, their vendor partnerships usually also do, which can lead to challenges with organization, data security and more. And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today.

Management 91

Management Community Bank Community Data 91

South State Correspondent

MAY 7, 2024

Also, interest rates are not high by historical comparison (especially when eliminating the pandemic monetary response), and bank managers’ job is to manage uncertatiny (also called risk). However, Republic Bank’s loan portfolio mix is not dissimilar to its peer group, and there was no credit stress in that loan portfolio.

Risk Management 195

Risk Management Security Management Groups 195

Independent Banker

MAY 31, 2022

What are some best practices for managing this new distributed workforce? Given the sensitivity of bank information, make sure to set the proper security standards. Look into project management tools to keep track of productivity, and don’t forget to have training available in digital format, too.

Management 148

Management Meeting Training System 148

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

Security 145

Security Regulation cryptocurrency Bitcoin 145

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

Security 136

Security cryptocurrency Bitcoin Regulation 136

PYMNTS

JUNE 11, 2020

To provide business-to-business (B2B) merchants with customized checkout experiences, Ingenico Group has connected its technology with Oro Inc.’s Firms can provide personalized payment experiences without compromising security via the integration, according to a Thursday (June 11) announcement.

Groups 130

Groups Customer Experience Resources Management 130

PYMNTS

JUNE 23, 2017

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants.

Meeting 187

Meeting Groups Industry Report 187

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

Groups 78

Groups Minneapolis National Lending 78

PYMNTS

MAY 8, 2020

But the biggest round of the week went to a challenger bank, which also secured unicorn status with its latest funding. Hub Security. Cybersecurity startup Hub Security, which targets FinTech, cloud storage and blockchain companies, has raised $5 million in Series A funding from AXA Ventures. Corcentric.

Security 160

Security Fintech Capital Software 160

PYMNTS

FEBRUARY 14, 2020

CIT Group Inc. Companies can shop for products, receive credit approval, choose terms and get documents to secure their purchases through an electronic experience. has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement.

Lending 151

Lending Groups Online Technology 151

PYMNTS

JUNE 17, 2020

As the chief operating officer and co-founder of Copenhagen-based Astralis Group , Jakob Lund Kristensen walks both sides of the eSports line. Astralis is a group of eSports teams that is pioneering the approach to the eSports industry by treating its gamers like athletes.

Groups 204

Groups Mobile Video US 204

PYMNTS

JULY 31, 2020

This week’s look at the latest funding for B2B FinTech and other startups showcases an investor appetite for security, data and business intelligence, with nearly $63.5 The company offers businesses a platform to manage their third-party partners, connecting users to its Trust Catalog of corporate profiles.

Security 166

Security Data Capital Utah 166

The Paypers

MAY 13, 2024

Secure Innovation Group has launched its latest brand Remote Planet offering a customisable solution to monitor, manage, protect, and control critical assets and infrastructure remotely.

Innovation 36

Innovation Security Branding Groups 36

PYMNTS

DECEMBER 14, 2020

has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. has entered into a definitive arrangement to sell Cost Plus World Market to Kingswood Capital Management. Riley Securities Inc.

Branding 131

Branding Groups Retail New York 131

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Ant Group Moves Ahead With $35B IPO After China's OK. Morgan Stanley and J.P.

Security 134

Security Groups Payments Regulation 134

PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release. He has also been a member of TCH’s Company Board since 2017.

Management 179

Management America New York Regional 179

PYMNTS

JANUARY 20, 2020

Fabara officially joined Visa in September of 2019, coming from Amex, where he was president of its global services group. Now four months in, he told Webster that the idea of a secure and trusted payments ecosystem is part of Visa’s “corporate DNA.” When Risk Management Is a Mindset and Not a Business Unit.

Security 168

Security Fraud Risk Management Payments 168

Perficient

SEPTEMBER 21, 2023

Some data may exist in secure warehouses, others within Salesforce, or Amazon Web Services S3. Salesforce Data Cloud Securely Brings It All Together Businesses can leverage the power of tools such as Salesforce’s Data Cloud to bring together multiple data sets.

Data 491

Data Tools Customer Experience Security 491

PYMNTS

MAY 8, 2019

In recent weeks, several companies have banded together to develop secure, seamless authentication tools. In other partnership news, financial services firm PayPal recently invested in blockchain security company Cambridge Blockchain. Under the partnership, the company will work with PayPal’s corporate venture group.

Security 170

Security blockchain Tools Data 170

PYMNTS

MAY 29, 2018

is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. NSO makes cybersurveillance products, including Pegasus spyware, and sells them primarily to government security agencies. software company Verint Systems, Inc.

Groups 164

Groups System San Francisco Software 164

Bobsguide

SEPTEMBER 12, 2022

To better engage investors, empower advisors and accelerate digital transformation in the wealth management industry, global Fintech leader Broadridge Financial Solutions launched Wealth InFocus, a next-gen wealth communications experience designed on a foundation of investor research, with Cetera Financial Group (Cetera) as the first client.

Groups 88

Groups Management Innovation Survey 88