Payments Dive

JANUARY 24, 2024

Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.

Cards 408

Cards New York Report 408

Abrigo

JANUARY 24, 2024

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. Use this guide to understand available tools and the steps AML and fraud teams should take. You might also like this FedNow implementation guide with details on appropriate AML/CFT and fraud considerations. DOWNLOAD Takeaway 1 Preventing fraud is a top concern of credit unions considering adopting FedNow, the new instant payments infrastructure from the Federal Reserve.

Fraud 221

Fraud Payments Software Policies 221

Payments Dive

JANUARY 24, 2024

“Looking inward, I realized we grew our org too quickly,” founder and co-CEO Pedro Franceschi said in a message to employees.

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Abrigo

JANUARY 24, 2024

Account for the details before your FDIC bank acquisition Consider these tips for assessing your institution and a to-be-acquired institution for a smooth integration You might also like this webinar, "Valuation and purchase accounting: Navigating the changing M&A landscape." Watch NOW Takeaway 1 With the FDIC increasing examination staff and 44 banks on the problem bank list last quarter, some acquisitive institutions are considering the FDIC bid process.

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FDIC Regulation Strategy Data 195

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

Payments Dive

JANUARY 24, 2024

With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

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CFPB Monitor

JANUARY 24, 2024

The Board of Governors of the Federal Reserve (the “Board”) has announced that it is extending the comment period for its proposed changes to its debit card interchange fee rule until May 12, 2024. Comments were originally due on February 12, 2024. On October 25, 2023, the Board issued a Notice of Proposed Rulemaking for Regulation II.

Cards 78

Cards Regulation 78

American Banker

JANUARY 24, 2024

The Oklahoma-based regional bank expects 6%-7% loan growth in the year ahead. Executives are also projecting that net interest income will start to improve after the metric hits a trough early this year.

Oklahoma 87

Oklahoma Lending Regional 87

William Mills

JANUARY 24, 2024

As credit union leaders reflect on the past year and look toward the new year, growing deposits will continue to be a priority. Deposits are the lifeblood of any financial institution, and emphasizing deposits in 2024 is key to long-term growth and stability.

Strategy 74

Strategy Marketing 74

American Banker

JANUARY 24, 2024

The Bank Term Funding Program, established during last year's liquidity crunch, will stop issuing new loans on March 11. Until then, banks can still borrow from the facility, though at less favorable terms.

Lending 87

Lending Policies 87

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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

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The Paypers

JANUARY 24, 2024

National Australia Bank (NAB) has partnered with Microsoft to provide a free cyber assessment tool to help Aussie small businesses prepare for and recover from a cyber-attack.

National 74

National Tools 74

American Banker

JANUARY 24, 2024

Hood, who was first appointed to the National Credit Union Administration in 2005, explained what drove his focus on financial inclusion and the technology that promises to make it possible.

National 85

National Technology Industry 85

BankInovation

JANUARY 24, 2024

Technology leaders from KeyBank will join Bank Automation Summit U.S. 2024 to discuss balancing automation and efficiencies and robotic process automation. KeyBank Chief Transformation Officer Dominic Cugini and domain manager of service digitization Mike Reynolds will join the speaker faculty at the summit. Cugini will speak Tuesday, March 19, at 9:10 a.m.

Management 66

Management Technology 66

American Banker

JANUARY 24, 2024

Barclays has redesigned the Cambridge Eagle Lab to focus on companies that develop sustainable and other environmentally focused technology, Vodafone expanded its partnership with global fintech MoneyHub to offer its financial wellness app, and more in this week's global news roundup.

Fintech 85

Fintech Technology Company Payments 85

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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

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BankInovation

JANUARY 24, 2024

Financial institutions are investing in digital and mobile banking offerings, closing out 2023 with an uptick in digital adoption. This trend was prevalent in the fourth quarter of 2023 for large and small financial institutions alike. At Puerto Rico-based, $18.

Puerto Rico 66

Puerto Rico Digital Banking Trends Mobile 66

American Banker

JANUARY 24, 2024

In a bid to help phase out passwords, Mastercard is launching an authentication service that enables consumers to confirm their identities with fingerprint and facial recognition technology when signing in to accounts.

Technology 80

Technology Payments 80

BankInovation

JANUARY 24, 2024

Mastercard extended its collaboration with The Clearing House today to allow customers and businesses to use real-time payments. Mastercard will be the exclusive instant payments software provider for The Clearing House’s (TCH) RTP network, according to a news release from Mastercard.

Software 66

Software Payments 66

TheGuardian

JANUARY 24, 2024

Biggest reduction since December 2021 will allow 1tn more yuan to be released in form of new loans China’s central bank has announced a surprise cut to the amount of cash that banks must hold in reserve, hoping to boost the lending available to households and businesses as policymakers try to steer the economy through a fragile recovery. Pan Gongsheng, the governor of the People’s Bank of China (PBOC), said on Wednesday that the reserve requirement ratio would be cut by 0.5% from 5 February, the

Lending 62

Lending 62

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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

The Paypers

JANUARY 24, 2024

Banking solutions provider NCR Atleos has announced that Grow Financial Federal Credit Union has chosen its Atleos ATM-as-a-Service (ATMaaS) to augment the self-service banking channel.

ATM 41

ATM 41

TheGuardian

JANUARY 24, 2024

The investment company is also outsourcing work, selling offices and renegotiating contracts while recognising ‘performing colleagues’ Fund manager abrdn has said it plans to keep paying bonuses despite slashing 500 jobs and outsourcing more work as part of a £150m cost-cutting drive designed to boost profits. The investment company is cutting jobs at head office and in its back office support teams but said that frontline staff who deal with clients would not be at risk.

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Management Company 58

The Paypers

JANUARY 24, 2024

iDenfy has announced a new partnership with StackGo, an Australia-based software development company specialising in financial services, legal, real estate, and education sectors.

Software 36

Software Company 36

American Banker

JANUARY 24, 2024

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

Lending 36

Lending Financial Technology Security Operations 36

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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.

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Image Works Direct

JANUARY 24, 2024

image.works is pleased to announce that The Financial Brand, a well-known digital publication and source for financial marketing news, has published an article created by our copy team on the topic of IP targeting and its strength as a strategy for promoting deposit accounts.

Branding 36

Branding Strategy Marketing 36

American Banker

JANUARY 24, 2024

John Watt, 65, will step down in May after more than seven years as president and CEO of NBT Bancorp in Norwich, New York. The plethora of internal candidates to succeed him made the decision a no-brainer, Watt says.

New York 36

New York Community Bank Community 36

The Paypers

JANUARY 24, 2024

Onfido has launched its Compliance Suite, an all-in-one identity verification solution to help businesses expand into new markets and meet local regulatory needs for customer onboarding.

Compliance 36

Compliance Meeting Marketing 36

American Banker

JANUARY 24, 2024

The private equity firm Caryle is buying a $415 million student loan portfolio from Truist Financial. It's also investing in a nonbank student lender called Monogram that works with banks and credit unions.

Lending 36

Lending 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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