Trending Articles

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Fed payments proposal pits big banks against small rivals

Payments Dive

The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

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Core banking transformation: strategies for modernization and value creation 

Accenture

The advantages of cloud technologies are widely recognized, offering enhanced productivity, agility, resilience, and innovation. Despite these benefits, the Financial Services industry lags behind other sectors in adopting cloud technology. According to our Cloud Rotation Index study, only 15% of banks’ workloads had been migrated to the cloud by the end of 2022.

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5 Strategies for financial institutions to thrive after rate cuts

Abrigo

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

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From Panic to Possibility: The Case for Digital Card Issuance and Push Provisioning

Jack Henry

Discover how digital card issuance and push provisioning can increase digital engagement for your bank or credit union and keep you top-of-mind, -wallet, and -app.

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If It Ain't Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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What is Money Dysmorphia? Here’s All You Need to Know!

BankBazaar

Did you just picture your hard-earned money crawling down a d imly lit st airway on all fours after a botched exorcism ? Money dysmorphia is a much darke r threat , here is all you need to know. Do you feel increasingly insecure about your financial situation, no matter what the reality is? Is it too hard to shrug off this gnawing sense of financial inadequacy?

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Strategic shifts to future-proof your lending business

Accenture

Drawing from our Commercial Banking Top Trends for 2024, this series explores how banks can modernize their lending business and differentiate the customer experience by integrating AI, machine learning and other advanced tools. Previously, we touched on the disruptions in lending and analyzed the first of six shifts necessary to future-proof one’s business.

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Lloyds sent my £37,000 to the Duchy of Cornwall and I can’t get it back

TheGuardian

I changed my business to sole trader status. The next thing I knew, my firm had been deemed ‘dissolved’ and my money given to the state Please help me track down my £37,700. In November 2023, ill health forced me to wind up my limited company and revert the business to sole-trader. My bank, Lloyds, duly changed my business account and sent a new debit card.

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Silvergate executive blames Fed, FDIC and OCC for bank's collapse

American Banker

As Silvergate Capital filed for Chapter 11 bankruptcy protection, an executive said the company's crypto-friendly bank went down last year because regulators soured on its business model.

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Banking social media strategy: Developing impactful content

ATM Marketplace

Regina DeMars, director of content marketing and social media strategy at FNBO, delivered a keynote session about content strategies that work at the Bank Customer Experience Summit.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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CFPB sues credit card company over excessive fees

Payments Dive

The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.

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The Case for Digital Card Issuance and Push Provisioning | FinTalk

Jack Henry

Discover how digital card issuance and push provisioning can increase digital engagement for your bank or credit union and keep you top-of-mind, -wallet, and -app.

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The Messes I’d Unmake; The Blunders I’d Undo!

BankBazaar

Credit C ards are like friendships – You must choose them wisely as t hey can be a source of great support or a cause for a major downfall ! Now, let’s dive into the narrative tale of a C redit C ard journey gone awry and how you must learn from it! I’ve got a tale I’d like to share, a lesson learned in strife, Of Credit Cards and careless swipes that tangled up my life.

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5 Effective Ways to Turbocharge Your Auto Loan Portfolio

SWBC's LenderHub

How Income Generation, Risk Management, and Transaction Enablement™ Help Your FI Win the Race Table of Contents 5 Ways to Effectively Turbocharge Your Auto Loan Portfolio Ensure Your Auto Loan Portfolio is Protected Don’t Get Lapped in Coverage Diversify Your Auto Loan Portfolio Make a Pit Stop with an Effective Collections System Create an Easier Way for Your Borrowers to Pay How You Could Benefit from Partnering with a Winning Pit Crew Lap the Competition with an Income Generation Crew Buckle

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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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10 Factors Lenders Consider for Loan Commercial

Commercial Lending USA

Get expert insights on the key factors lenders evaluate when assessing loan commercial applications. Learn how to improve your chances of securing financing for your business.

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Walmart, Fiserv team to offer real-time payments

Payments Dive

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

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What's on the horizon for TCRs?

ATM Marketplace

Cook Solutions Group discussed the last 10 years of TCR history and what we can expect in the future.

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Five Money Moves You Can Make This Festive Season

BankBazaar

From avoiding impulsive borrowing or donating to charity, take a look at five money moves that can keep you happy this festive season. The festive season is in full swing and you must be visiting friends, family and relatives, buying and giving gifts, splurging on shopping due to the discounts and offers available. Among all this, your pocket must be feeling the pinch too due to the festive season.

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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

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4 Exciting Ways Transaction Enablement™ Will Improve Your Borrower Experience

SWBC's LenderHub

See How Innovative Payment Options Make Borrower Interactions Smoother In the ever-evolving landscape of financial services, borrower experience will always reign supreme. As technology advances, your financial institution will want to provide borrowers with the latest and most innovative technology that ensures every interaction with your financial institution is pleasant and convenient.

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Grasshopper reduces manual reviews with Alloy risk solution

BankInovation

Grasshopper Bank has reduced manual reviews in its onboarding process by 57% through fintech Alloy’s risk-management solution. The bank implemented Alloy’s Identity Risk Solution in March 2022. At the time, 20% of its applications were reviewed manually to monitor for fraud, Lauren McCollom, head of embedded finance at Grasshopper, told Bank Automation News.

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Apple launches Affirm BNPL option

Payments Dive

Apple Pay customers can now use their iOS 18 phone or iPadOS 18 to access Affirm buy now, pay later options, including some that don’t charge interest.

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Lloyds plans to shut another 55 bank branches

TheGuardian

Move will take two-year closure total by 2026 to 292 and includes Halifax, Bank of Scotland and Lloyds brands Lloyds Banking Group plans to close another 55 bank branches , bringing the total number due to be shuttered by 2026 to almost 300. The latest batch of closures are slated to begin in the new year and will include Halifax, Bank of Scotland, and Lloyds-branded branches in locations ranging from Surbiton to Port Talbot, Burgess Hill and Didcot.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Can banks trust large language models?

American Banker

A prominent AI expert says the risk of hallucination and error can never be completely eliminated. Experts at BBVA and Celent say those risks can be mitigated.

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3 Useful Ways Income Generation Products Benefit Financial Institutions

SWBC's LenderHub

Unlocking Financial Growth The financial industry is dedicated to helping borrowers achieve their goals by implementing solutions that protect and service them throughout the loan process. Through continuous evolution and adaptability, financial institutions aim to integrate new products and income-generating opportunities into their offerings to stay ahead of the curve and better serve their borrowers.

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TD Bank names Chun as CEO

BankInovation

TD Bank named Raymond Chun its incoming chief executive today after current CEO Bharat Masrani announced plans to retire in April. Chun, who serves as the bank’s group head of Canadian personal banking, will become chief operating officer Nov. 1 as he plans to step up as CEO on April 10, Masrani said today during […] The post TD Bank names Chun as CEO appeared first on Bank Automation News.

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Who really pays for your credit card reward points?

Payments Dive

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.