Tue.Jan 02, 2024

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How to Better Advise Commercial Clients About Rates in 2024

South State Correspondent

Many economists and analysts predict that the Federal Reserve and other central banks will start easing monetary policy in 2024. Many bankers and borrowers are convinced that a recession is imminent despite no clear evidence for such a conclusion. How should lenders discuss interest rates in 2024, and what advice should relationship managers provide their clients about banking products?

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Top payments trends for 2024

BankInovation

Industry experts predict adoption of real-time payments as well as the increased use of FedNow and digital wallets in 2024 as consumer demand for instant payments continues to grow.

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How Regions Bank unwittingly invited a surge in check fraud

American Banker

The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. "We opened the door too wide, bad people came rushing in, and we didn't close the door timely enough," Regions' CFO said.

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Retail banking in 2024: What to expect

ATM Marketplace

2024 will be another major year of change and challenge for retail banks.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Has the fintech movement lived up to its promise?

American Banker

The fintech revolution has been more successful at working with banks than at trying to replace them, points out Gene Ludwig, former Comptroller of the Currency, chair of the Ludwig Institute for Shared Economic Prosperity, and co-founder of Canapi Ventures. Those with "must have" products will fare far better in 2024 than those with "nice to have" tools, he says.

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More Trending

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Colorado is mapping a dangerous path on access to credit

American Banker

A new law will make Colorado a much more difficult place for cash-strapped citizens to get credit. Other states should avoid following in its footsteps.

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HSBC takes on Revolut, Wise with new Forex app for non-customers

BankInovation

HSBC Holdings Plc is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise Plc that have gathered tens of millions of retail customers by offering cheap foreign exchange.

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HSBC takes aim at Revolut and Wise

American Banker

The bank's cross-border transaction service opens a new lane for customer acquisition in an increasingly competitive niche.

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Trends 2024: Is Record-Breaking Pace of Bank Branch Closures Easing?

The Financial Brand

This article Trends 2024: Is Record-Breaking Pace of Bank Branch Closures Easing? appeared first on The Financial Brand. In 2024, bank closures will be well off their pandemic highs – mainly because there are few locations left for banks to feasibly cut. This article Trends 2024: Is Record-Breaking Pace of Bank Branch Closures Easing? appeared first on The Financial Brand.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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FDIC action against Tennessee bank emphasizes tech

American Banker

Brighton Bank entered a consent agreement with the regulator regarding violations of anti-money laundering laws.

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Banking 2030, Part 2: The Seismic Forces Shaping the Industry

The Financial Brand

This article Banking 2030, Part 2: The Seismic Forces Shaping the Industry appeared first on The Financial Brand. Special Report: In the second of a four-part series on the long-term future of the banking industry, we examine the four major industry transformations currently underway. This article Banking 2030, Part 2: The Seismic Forces Shaping the Industry appeared first on The Financial Brand.

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Fincen beneficial ownership registry goes live

American Banker

The Treasury's Financial Crimes Enforcement Network launched its new database identifying U.S. business owners pursuant to the 2021 Corporate Transparency Act Monday, giving existing companies one year to file reports on their true owners and new companies 90 days after their creation to comply.

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An Inside Look at Ally Bank’s Measured Roll-Out of GenAI

The Financial Brand

This article An Inside Look at Ally Bank’s Measured Roll-Out of GenAI appeared first on The Financial Brand. How can banks harness AI's emergent capabilities before public opinion or regulatory sentiment turns? Ally's responsible and inclusive approach is a good start. This article An Inside Look at Ally Bank’s Measured Roll-Out of GenAI appeared first on The Financial Brand.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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20 U.S. banks with the most construction loans

American Banker

The top five banks have combined construction loans of more than $71 billion.

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Banking 2030, Part 3: Banking Innovation is Paramount Even as Regulatory and Competitive Pressures Mount

The Financial Brand

This article Banking 2030, Part 3: Banking Innovation is Paramount Even as Regulatory and Competitive Pressures Mount appeared first on The Financial Brand. Special Report: Why a challenging environment cannot distract banks and credit unions from the imperative to innovate. This article Banking 2030, Part 3: Banking Innovation is Paramount Even as Regulatory and Competitive Pressures Mount appeared first on The Financial Brand.

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Will a 'soft landing' fuel 1990s-like boom for banks?

American Banker

Bank investors hope they can party like it's 1995, when the U.S. economy stayed healthy even after aggressive Federal Reserve rate hikes. But a few analysts are a bit more cautious over whether banks' loan books will hold up as well this time.

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William Zimmerman, American Banker's editor during the 1980s, dies

American Banker

Co-workers remember a considerate boss who worked to create newsroom opportunities for women and minorities

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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'They'll stamp AI on everything': Ludwig on vetting fintechs

American Banker

Eugene Ludwig, former Comptroller of the Currency and current co-founder of Canapi Ventures, a fintech VC, reflects on how 2023 treated fintechs, how far the fintech movement has come and what banks and their regulators need to look out for in 2024.

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