Payments Dive

FEBRUARY 1, 2024

The card network is readying to offer Chinese consumers its card services domestically after winning approval last year for a joint venture in that country.

Cards 243

Cards 243

Jeff For Banks

FEBRUARY 1, 2024

Now that the debate is turning from Fed tightening to when the Fed will start dropping rates, we took a look at how financial institutions fared during the tightening cycle, using the quarter ended December 31, 2021 as the base period. The Fed began tightening at its March 17, 2022 meeting with a 25 basis points increase in the Fed Funds Rate and ended July 26, 2023.

Security 112

Security Strategy Management Community 112

Payments Dive

FEBRUARY 1, 2024

Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.

Cards 221

Cards Company 221

Gonzobanker

FEBRUARY 1, 2024

Turn up “Whole Lotta Love” and let the pure adrenalin rush of Jimmy Page’s intro accompany this year’s Acquire or Be Acquired recap … In the ever-evolving world of banking, Bank Director’s Acquire or Be Acquired Conference remains a constant. Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future.

Conference 88

Conference FDIC Arizona Industry 88

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.

US

TheGuardian

FEBRUARY 1, 2024

Shadow chancellor is warned that decision will be unpopular with voters, including those in ‘red wall’ seats Senior Labour figures have been left annoyed and perplexed by Rachel Reeves’s surprise announcement that the party will not reinstate a cap on bankers’ bonuses if it wins the next election. The shadow chancellor said on Wednesday that she had “no intention” of bringing back the cap , introduced after the 2008 financial crisis to limit annual payouts to twice a banker’s salary, saying she

Industry 106

Industry 106

TheGuardian

FEBRUARY 1, 2024

Shadow chancellor Rachel Reeves unveils raft of measures at business summit aimed at boosting investment, productivity and certainty Labour will not raise corporation tax above its current rate of 25% during the next parliament, the party has pledged, in an attempt to offer businesses greater certainty. Shadow chancellor Rachel Reeves said the tax pledge included maintaining full expensing, which allows businesses that invest in IT equipment and machinery to claim back up to 100% of the cost of

Taxes 104

Taxes Policies 104

American Banker

FEBRUARY 1, 2024

A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.

New York 81

New York Strategy Community Regional 81

TheGuardian

FEBRUARY 1, 2024

Out-of-court settlement reached with law firm acting for customers who have been left owing big sums One of Britain’s biggest high street banks has agreed a payout to settle a case involving “unfair” mortgages – giving hope to thousands of people who have been left owing huge sums. On the eve of a trial set to last six weeks, Bank of Scotland – part of Lloyds Banking Group – and a law firm representing 160 current and former customers reached an out-of-court settlement that means the bank will n

Groups 100

Groups 100

American Banker

FEBRUARY 1, 2024

With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.

Regional 81

Regional Capital Compliance Lending 81

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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

Lending

TheGuardian

FEBRUARY 1, 2024

Toxic Tories have run themselves out as Starmer brings out the big hitters for a day at the Oval It was the hottest gig in town. Within hours of the event being announced all the £1,000 a head tickets had gone. Thank God for those uncapped bonuses. Anyone who was anyone in the business world was here. Executives from Goldman Sachs, Google, Mastercard, HSBC and countless more besides.

Google 91

Google 91

American Banker

FEBRUARY 1, 2024

The embattled bank said it reviewed and then turned down a $3.25-per-share bid from Dream Chasers Capital. Carver called the offer "unrealistically low" given the bank's "intrinsic value.

New York 81

New York Capital Community Bank Community 81

TheGuardian

FEBRUARY 1, 2024

Senior Labour figures are annoyed by news that the party will not reinstate a cap on bankers’ bonuses if it wins the next election

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124

American Banker

FEBRUARY 1, 2024

Experts explain which features customers expect, which they love and where banks are creating a competitive edge with their apps.

Mobile 90

Mobile Technology 90

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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

Report

BankInovation

FEBRUARY 1, 2024

ING Bank invested in its digital infrastructure in 2023 and expects to reap the benefits of those tech advancements in 2024 as the bank plans to spend less on technology this year.

Technology 63

Technology Retail 63

TheGuardian

FEBRUARY 1, 2024

German bank becomes latest global lender to target staff in post-pandemic cost reductions Deutsche Bank is to cut 3,500 jobs, making it the latest global lender to target employees as part of post-pandemic cost reductions, amid a drop in profits. The German bank said that while it had made progress on a €2.5bn (£2.1bn) cost-cutting programme that it first announced in 2022, it still needed to save €1.6bn of that total, meaning thousands of staff had to go.

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66

BankInovation

FEBRUARY 1, 2024

Deutsche Bank is reducing costs bankwide through automation and technology efforts. The $578 billion, Germany-based bank is using simplified workflows and automation on the front end and application decommissioning and operation model improvements on the back end, Chief Executive Christian Sewing said during today’s Q4 earnings call.

Operations 63

Operations Technology 63

American Banker

FEBRUARY 1, 2024

Banks can choose to only receive transactions instantly, and it's the most popular choice. Simply preferring to get paid faster isn't the reason.

Payments 64

Payments 64

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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.

Lending

BankInovation

FEBRUARY 1, 2024

BNP Paribas is looking to use AI and gen AI for revenue generation and cost optimization. “In 2023, we continued to invest in technology and in artificial intelligence,” Chief Executive Jean-Laurent Bonnafe said during the company’s fourth-quarter earnings call today.

Technology 61

Technology 61

TheGuardian

FEBRUARY 1, 2024

The shadow chancellor, Rachel Reeves, says Labour would not reinstate a cap on bankers' bonuses, to ensure stability for businesses operating in the UK. Reeves said the former chancellor Kwasi Kwarteng's decision to lift the measure – introduced after the 2008 financial crisis – was the wrong priority, but she defended her party's U-turn. 'The last thing we need is more chopping and changing,' she told a London audience Frustration in Labour ranks over Reeves’s refusal to reinstate bankers’ bonu

Video 50

Video Operations 50

The Paypers

FEBRUARY 1, 2024

Real-time payments platform Volt has announced its partnership with Bumper in order to provide Open Banking services to major car dealerships in the UK and Europe.

Payments 45

Payments 45

American Banker

FEBRUARY 1, 2024

The Treasury Department's Financial Crimes Enforcement Network fined a New York credit union employee $100,000 Wednesday in connection with a scheme to launder $1 billion using armored trucks and the credit union's Fed master account.

New York 41

New York Compliance Regulation 41

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

The Paypers

FEBRUARY 1, 2024

Alipay+ has expanded its services to the UAE, allowing Chinese visitors to use it for taxi payments and receive instant tax refunds at major airports, enhancing travel convenience.

Taxes 41

Taxes Payments 41

American Banker

FEBRUARY 1, 2024

The Birmingham, Alabama bank cut down its workforce across divisions as higher interest rates put pressure on its business.

Alabama 51

Alabama Regional Industry Management 51

The Paypers

FEBRUARY 1, 2024

Luxembourg-based Centralis Group has integrated Fenergo ’s Client Lifecycle Management (CLM) to simplify client and investor onboarding and support its international growth.

Groups 41

Groups Management 41

American Banker

FEBRUARY 1, 2024

The Treasury Department's Financial Crimes Enforcement Network fined a New York credit union employee $100,000 Wednesday in connection with a scheme to launder $1 billion using armored trucks and the credit union's Fed master account.

New York 36

New York Compliance Regulation 36

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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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