American Banker
AUGUST 22, 2023
A series of deals over the summer suggests growing interest by private equity investors in acquiring community banks. Five such deals have been announced this summer alone.
Realwired Appraisal Management Blog
AUGUST 22, 2023
The appraisal department is a pivotal player that can bridge the gap between sound collateral protection and lenders making more loans safely. What if there was a way to harmonize these two seemingly divergent objectives? Let’s find a way. Now, imagine if our appraisal department could wear both hats effectively.
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BankUnderground
AUGUST 23, 2023
Gerry Gunner and James Waddell Buy-Now-Pay-Later (BNPL) is a relatively new form of consumer credit that you might have noticed as a payment option when shopping online or in person. However, there is little analysis in the public domain about who is using BNPL credit in the UK and its contribution to total household debt. We have used the Bank’s NMG Consulting survey to reveal that BNPL borrowers are typically younger adults and renters, and are more likely to report signs of financial distress
The Financial Brand
AUGUST 22, 2023
This article 4 Ways to Ensure Your Financial Wellness Marketing Pays Off appeared first on The Financial Brand. What good is financial education if few people actually use it? Here's how banks and credit unions can drive more customer engagement. This article 4 Ways to Ensure Your Financial Wellness Marketing Pays Off appeared first on The Financial Brand.
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.
South State Correspondent
AUGUST 21, 2023
Earlier this month, on August 7, 2023, Moody’s Investor Services (“Moody’s”) published a banking sector review. That publication was referenced in the media as a US bank rating action, with a downgrade to ten larger banks (and a negative outlook to 11 other larger banks). However, that publication, directly and indirectly, identified three discrete risks affecting community banks.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
AUGUST 22, 2023
If one product is the future of banking, it is treasury management. With a competitive offering, it will be easier to attract the small business and mid-sized companies that a bank needs to fuel its core growth. In this article, we detail the five steps to building a treasury management strategy, provide some tools to execute those steps, and then provide a complimentary survey to assess your strengths and weaknesses.
ATM Marketplace
AUGUST 22, 2023
New ATM standards for Payment Card Industry (PCI) compliance will also take effect beginning Dec. 31, 2024. Here's how to ensure you're prepared.
American Banker
AUGUST 23, 2023
Forget special offers, ubiquitous branches and promises of convenience. Younger clients want to see state-of-the-art technology and hear good things from friends and family, according to a recent Arizent survey.
Payments Dive
AUGUST 24, 2023
A payments processing consultant argues that the Credit Card Competition Act isn’t the way to spur more competition in the industry.
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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
Abrigo
AUGUST 24, 2023
Adapting to higher interest rates What does the "higher for longer" scenario for interest rates mean for U.S. financial institutions and borrowers? Experts from Derivative Path discuss rate implications. You might also like this webinar on tracking and monitoring deposit behaviors in the new environment. WATCH Focus on liquidity Ongoing volatility: Protect the balance sheet The Federal Reserve’s latest 25 bp rate hike on July 26 has pushed short-term interest rates to the highest level in 22
Gonzobanker
AUGUST 24, 2023
This decade-long crisis touches banks’ products, technologies, people, processes and the political climate. In an article titled Is the Banking Crisis Over? We Are About to Find Out , the Wall Street Journal identified three concerns that could determine if the banking industry is out of the crisis or still in one: Deposit costs. High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yield
BankInovation
AUGUST 24, 2023
In the rapidly evolving world of banking and financial services, Agile and DevOps methodologies have emerged as essential tools to drive innovation and stay ahead of the competition.
Payments Dive
AUGUST 21, 2023
In a company podcast, the grocer’s new CEO and president slammed the popular checkout method as being bad for employees and too much work for shoppers.
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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
CFPB Monitor
AUGUST 25, 2023
The Mortgage Bankers Association and Housing Policy Council (the “Associations”) recently filed an Amici Curiae brief supporting the position of Townstone Financial regarding the scope of the Equal Credit Opportunity Act (ECOA) in the case CFPB v. Townstone Financial which is now before the U.S. Court of Appeals for the Seventh Circuit.
BankUnderground
AUGUST 24, 2023
Hela Mrabet and Jack Page The rise in commodity prices after Russia’s invasion of Ukraine had a direct and noticeable impact on consumers’ bills for energy and food. But firms also felt the brunt of higher costs. How did firms pass on these cost shocks through the supply chain and all the way onto consumer prices? How much and how quickly can firms pass through such large cost shocks?
BankInovation
AUGUST 21, 2023
Nvidia wants to unlock new AI applications across the financial services industry as the chipmaker looks to gain more financial institution clients.
Payments Dive
AUGUST 21, 2023
BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.
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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.
CFPB Monitor
AUGUST 24, 2023
We first look at what generative AI is and how it differs from other types of AI and technology such as machine learning. We then look at the ways in which banks and fintech companies can deploy AI tools and the business use case for banks and fintechs considering the addition of chatbots, including how chatbots differ from voice response units. .
ATM Marketplace
AUGUST 25, 2023
With Mastercard's recent move to ban cannabis purchases, dispensaries must turn to cash.
TheGuardian
AUGUST 20, 2023
From the ‘must-have’ overdraft to money off food and rail travel Student life brings with it a different kind of learning curve as young people across the country embark on a new adventure and try to find ways to make their money go further. And in a cost of living crisis, the curve is even steeper. A survey carried out for the personal finance website Save the Student last year showed that 82% of students worried about making ends meet, while one in 10 had resorted to using food banks.
Payments Dive
AUGUST 25, 2023
After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
CFPB Monitor
AUGUST 24, 2023
The U.S. Supreme Court will hold oral argument on October 3, 2023 in Community Financial Services Association of America Ltd. v. Consumer Financial Protection Bureau , a case we have been following closely on Consumer Finance Monitor because of its profound potential implications for the future of the CFPB. In the case, the Court will rule on whether the CFPB’s funding mechanism violates the U.S.
The Paypers
AUGUST 24, 2023
ResearchAndMarkets has rolled out the ‘Europe POS Payment Methods 2023’ report, detailing how digital wallets and other POS payment methods gain popularity over cash.
TheGuardian
AUGUST 25, 2023
It is understood the bank thought closing the account would cause problems for West’s daughter An account ultimately owned by the serial killer Rose West was kept open by the Co-operative Bank after the “ethical” lender reviewed her membership, it has emerged. The decision was reportedly made while the Co-op Bank was taking stock of a raft of accounts held by customers with criminal records nearly a decade ago.
Payments Dive
AUGUST 24, 2023
The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.
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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.
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