PYMNTS

FEBRUARY 25, 2019

The banking giant, which bought the longstanding Wall Street firm during the financial crisis in 2008, now plans to rebrand most of its wealth-management business as just Merrill. When Bank of America bought the ailing firm, it helped the bank become a large player in the investment banking and wealth management fields.

America 164

America Management Branding Security 164

PYMNTS

NOVEMBER 10, 2019

Launched in 2008, Newpharma was created to bring the pharmacy industry online, with non-prescription medication making up 15 percent of the company’s sales, and a large portion of those sales coming from France and the Netherlands. We are thrilled to support Newpharma’s rapid development.

Online 100

Online Payments Security Branding 100

PYMNTS

APRIL 26, 2017

Fundamentally, our approach to innovation is to deliver accurate and absolute visibility into an organization’s liquidity and provide the ability to securely deploy cash anywhere in the world. A: A payment is a payment — but the automation and control of how you manage and protect your payments is largely underestimated.

Risk Management 100

Risk Management Management Innovation Resources 100

PYMNTS

JUNE 29, 2020

Wirecard explained that the money was kept that way for risk management, saying it could be saved to provide refunds or chargebacks if needed. WSJ reported on one instance in which an EY senior manager left a note for a Wirecard executive saying EY was preparing to ask questions about a trustee account.

Fraud 327

Fraud Risk Management Report Management 327

PYMNTS

MARCH 25, 2020

The board and management team are confident Dan is the perfect candidate to lead Green Dot into its next chapter, and we want to thank our consultants and other stakeholders, including Starboard Value LP, for their support and guidance during our search process. “The Henry was the CEO of prepaid debit card firm Netspend from 2008 to 2014.

Fintech 139

Fintech Operations Innovation Company 139

PYMNTS

JUNE 17, 2020

The investment raised Pagaya to over $200 million in consumer credit asset-backed security (ABS), the release states. The company said on its website that it plans to manage the unsecured loans purchased with the money. GF Investments, and Siam Commercial Bank. But now, businesses have some cautious optimism amid reopening.

Fintech 151

Fintech Lending Security Capital 151

FICO

SEPTEMBER 29, 2020

The impact of this crisis is expected to be even bigger than the 2008 crisis, with NPLs rising 6 to 8 times higher than normal in some areas. Here’s what participants said about managing debt collection in the pandemic this year — and what they see for the future. This is critical to managing the debt tsunami.

Management 87

Management Analytics Data System 87

PYMNTS

APRIL 30, 2019

Cross River and RS2 understand that technology innovators demand regulated, secure payment solutions that address dynamic, ongoing changes in the marketplace,” said Cross River Senior Vice President, Public Affairs Phil Goldfeder. “In RS2 builds payment solutions for upwards of 14 million merchants.

Digital Banking 179

Digital Banking Payments Software Fintech 179

PYMNTS

NOVEMBER 11, 2019

The Hong Kong Securities and Futures Commission ( SFC ) told Reuters in a statement that an investigation revealed that UBS had fleeced customers on “post-trade spread increases and charges in excess of standard disclosures and rates” from 2008 to 2017. Swiss bank UBS was hit with a $51.09

Security 100

Security System Report Management 100

PYMNTS

DECEMBER 9, 2019

The guarantee was a provision of the Royal Bank of Scotland ’s (RBS) £775 million, as “punishment” for its 2008 £46 billion state bailout. The challenger bank offers digital, branchless banking via an app, and features savings and money management tools. billion USD) in loans.

Tools 132

Tools Lending Resources Digital Banking 132

South State Correspondent

NOVEMBER 7, 2022

Available-for-sale securities are reported at fair value, and any unrealized gains and losses are included in accumulated other comprehensive income (AOCI) in the equity section of the balance sheet. By 2008, there were a variety of failures as a result of liquidity – Bear Sterns, Lehman Brothers, and more. Capital got scarce.

Marketing 195

Marketing Community Bank Community Security 195

PYMNTS

JANUARY 23, 2020

People facing charges include former community bank manager Carrie Tolstedt, former chief administrative officer Hope Hardison and former chief auditor David Julian, the sources told Bloomberg. The incident was among the biggest scandals in the banking industry since the 2008 crisis. Aside from the OCC’s probe, the U.S.

Regulation 131

Regulation Community Bank Community Security 131

BankBazaar

MARCH 28, 2023

RBI loans out money to commercial banks in return for qualifying securities. They enter into a repurchase agreement for these securities. The ‘dot.com’ bubble burst during 2000-2004, global recession in 2008, and the recent COVID-19 outbreak resulted in subsequent repo rate crashes. There is a flipside to this though.

Policies 145

Policies Security Meeting Strategy 145

PYMNTS

FEBRUARY 4, 2019

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

NOVEMBER 10, 2016

The consultant, François de Combret, is a former Lazard Frères managing director who was close to senior government officials in Guinea, the paper reported. Securities and Exchange Commission, the U.K.’s s Serious Fraud Office and the Australian Securities and Investment Commission, to the emails. as well as the U.S.

Payments 115

Payments Fraud Security Groups 115

PYMNTS

OCTOBER 21, 2018

Meanwhile, David Ellison, a portfolio manager specializing in financials at Hennessy funds, told the FT that assets at Bank of OZK have quadrupled since 2013, with most of it via real estate loans in southern U.S. He did note that close to $3 billion in loans were made in New York. The mall has a Sears store as an anchor tenant.

South Carolina 158

South Carolina North Carolina Arkansas New York 158

PYMNTS

JULY 3, 2019

Christine Lagarde will, with her international background and standing as current managing director of the International Monetary Fund, be a perfect president of the European Central Bank,” European Council President Donald Tusk said on Tuesday (July 2).

Chicago 100

Chicago Washington Leadership Policies 100

Independent Banker

FEBRUARY 28, 2022

By Jim Reber, ICBA Securities. What this has to do with community bank investment management may not be readily apparent. The S&P 500 Index dropped 12.4%, which was the worst monthly stock performance since 2008. The month of March holds lots of promise and opportunity for community bank portfolio managers this year.

Community Bank 91

Community Bank Community Memphis Security 91

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? The rule stipulates that companies must have liquid assets such as Treasury securities on the books so that they can raise cash with speed during times of stress.

Regulation 128

Regulation Guidelines New York Groups 128

Abrigo

AUGUST 30, 2022

Retention strategies like matching rates or terms and proactively managing customers can effectively keep customers at your institution, and, in some cases, help to grow their commercial loans with you. Risk management. Credit Risk Management. Commercial growth strategies. Keys to mitigating risk. Member Business Lending.

Strategy 195

Strategy Lending Risk Management Analysis 195

PYMNTS

JUNE 25, 2019

Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

PYMNTS

DECEMBER 20, 2017

The research from the challenger bank also raised concerns over branch closures and a lack of local managers to facilitate these relationships with SMB banking customers. Despite many initiatives since 2008, a quarter of executives at SMEs still think nothing has changed in banking.

Survey 116

Survey Lending Groups Innovation 116

BankBazaar

JULY 31, 2023

Blast from the Past: The Birth of BankBazaar Back in 2008, the fintech revolution in India was truly revolutionised with the founding of BankBazaar by Adhil Shetty, Arjun Shetty, and Rati Shetty in the vibrant city of Chennai. It took me no time to get started and connect my credit accounts securely. Kumar , Kerala 3. “A

Innovation 148

Innovation Cards Branding Tools 148

PYMNTS

APRIL 6, 2017

And that for far too long, more focus has been placed on password security and management — accessing information — rather than on the effective protection of digital identities — making sure that only the people who should have access to data or systems, get it. And not to mention the most secure.

Security 120

Security Management System Online 120

PYMNTS

JUNE 29, 2016

Chris Herbert, managing director of Harvard’s Joint Center for Housing Studies, cites many factors for the anticipated surge in new millennial households. Millennials, too, are now better secured in their jobs (or actually have one now), and – typically – making more money than when the market crashed in 2008.

Millennials 186

Millennials Study Trends Marketing 186

PYMNTS

OCTOBER 15, 2020

It also includes some pretty intuitive and compelling case management and investigation functionality that streamlines the process of reviewing suspicious activity. The world saw this during the 2008-09 financial crisis, he pointed out, when fraud attempts doubled and, in some cases, tripled. The Pandemic Creates A Growing AML Need.

Company 243

Company Fraud Compliance Course 243

Jeff For Banks

JUNE 2, 2023

To you, manage your interest rate risk. And quite frankly, I did not know there were so many tranches to mortgage-backed securities. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. Let those numbers sink in a bit.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

DECEMBER 21, 2016

According to Bloomberg , the brand pulled in Kirkland & Ellis to be its legal adviser and Guggenheim Securities and RAS Management Advisors for help with a debt restructuring and any asset sale. It was listed as number 216 on Internet Retailer ’s Top 1000 guide and started selling online (through its site, TheLimited.com) in 2008.

Ohio 100

Ohio Columbus Branding Retail 100

PYMNTS

SEPTEMBER 14, 2016

’s Faster Payments initiative, which traces its genesis to 2008, has seen fraud losses around online banking grow from £22.6 million in 2008 and then to £59.7 million in 2009, before new and more sophisticated security measures took effect. million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

PYMNTS

APRIL 21, 2020

According to Cerebro Capital Founder and CEO Matt Bjonerud, middle-market corporations can struggle to manage the loans they already have, a point of friction likely to ramp up as a result of current market volatility. Once financing has been secured, managing existing loans remains a headache for many firms, said Bjonerud.

Marketing 140

Marketing Capital Lending Management 140

CFPB Monitor

APRIL 4, 2019

noted in the Letter, the Interagency Guidelines Establishing Information Security Standards , which were promulgated pursuant to the Gramm-Leach-Bliley Act and incorporated into the FDIC’s Rules and Regulations as Appendix B to Part 364, establish standards for safeguarding customer information.

FDIC 68

FDIC Technology Guidelines Security 68

TrustBank

APRIL 1, 2020

Although we began the year with a continuation of the long bull run up, before the quarter ended we witnessed the S&P 500 dropping over 35% from its peak and the first bear market since 2008. Absolute return, or our risk management strategies, helped to reduce the decline in portfolios. and managed futures was up 5.4%.

Marketing 78

Marketing Washington Risk Management Strategy 78

PYMNTS

DECEMBER 15, 2016

Global IoT software and services provider Greenwave Systems has been dedicated to empowering market-leading brands to deploy their own managed IoT services and products since 2008. That’s what you do when you manage relationships between people, processes and things — you translate.”. Headquartered in Irvine, Calif.,

Software 100

Software Security Analytics Industry 100

PYMNTS

NOVEMBER 28, 2019

The transactions were carried out via 194 SEB accounts including around 475 million Swedish crowns ($49 million) connected to the so-called Magnitsky affair, named after Russian lawyer Sergei Magnitsky, who was arrested in 2008 after accusing Russian official of tax fraud.

Taxes 108

Taxes Fraud Report US 108

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. There is a silver lining, however, if financial institutions are willing to recognize it.

Compliance 116

Compliance Data Regulation Analytics 116

PYMNTS

JUNE 20, 2017

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted. One is in assessing counterparty strength.

Big Data 119

Big Data Data Risk Management Compliance 119

PYMNTS

JUNE 4, 2020

It’s a fast and radical transformation that the post-2008 financial system was kind of prepared for. Shifting consumer and business approaches to financial products are driving permanent demand for faster and more flexible banking services,” Seth Brennan , managing director of Wirecard North America, told PYMNTS. Life went on.

Payments 132

Payments Regional America Mobile 132