Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. billion of assets under management. annual list.

Idaho 148

Idaho Conference Data Marketing 148

Abrigo

JULY 31, 2022

Using the OCC Interest Rate Risk stats for asset/liability management models Financial institutions can use statistics in the OCC Interest Rate Risk Reports to gauge whether their bank is an outlier on the risk scale. Takeaway 2 Financial institutions can use the statistics to gauge how aggressive or conservative regulators may view models.

Report 195

Report Survey Comparison Regulation 195

Insights on Business

MARCH 12, 2019

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). It becomes effective in 2022, but banks should now, more than ever, implement the proposed changes in order to meet the deadline for reporting their Pillar I capital under the new methodologies.

Capital 79

Capital Regulation Strategy Operations 79

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

Abrigo

JUNE 14, 2021

In 2019, OFAC issued new guidance on the essential components of a strong OFAC compliance program. Management commitment As with any compliance program, one of the most important aspects of a strong SCP is a “culture of compliance,” from the top, to the middle, to the front line. persons Exporting or re-exporting U.S.-origin

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

MARCH 1, 2020

Accolade capitalizes on machine learning, artificial intelligence (AI) and mobile apps to enable members to easily traverse their health care benefits. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. Book running managers were Credit Suisse, Piper Sandler and William Blair.

Mobile 165

Mobile Philadelphia Seattle Washington 165

PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. In September , Shanghai regulators approved the listing. The Hong Kong sale is being managed China International Capital Corp. , Citigroup , J.P.

Groups 175

Groups Capital Regulation Fintech 175

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Top down and bottom up analysis can inform capital assessments. Some financial institutions may view stress testing as a “check the box” practice to satisfy regulators, but others are making the most out of the process.

Lending 150

Lending Risk Management Analysis Capital 150

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. And regulators have urged financial institutions to prepare for an eventual cyclical change while credit performance remains strong – and to do so as they originate new loans and in credit reviews.

Lending 195

Lending Trends FDIC Survey 195

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., No other event provides more opportunities for community bankers to engage with lawmakers, regulators and government officials.

Community 180

Community Washington Community Bank Capital 180

Bobsguide

MARCH 17, 2022

In particular, RiskAver t the comprehensive risk management platform for capital adequacy, was enhanced to incorporate the NPE Prudential Backstop module that enables Financial Institutions to meet regulatory requirements for the calculation and reporting of minimum losses for NPEs.

Risk Management 78

Risk Management Regulation Meeting Compliance 78

PYMNTS

SEPTEMBER 2, 2020

The Montreal-based payment technology company was valued at $2 billion at the close of 2019. The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc. and RBC Capital Markets. Nuvei Corp.

Payments 229

Payments Fintech Security Technology 229

PYMNTS

JANUARY 27, 2020

Other than online search, talks between the two groups will likely also focus on whether the Android operating system is another example of potential monopolistic control by Google , as well as the ideal allocation of investigatory labor among federal and state regulators. Thus far, U.S. As of last year, attorneys general from 48 U.S.

Google 130

Google Puerto Rico District of Columbia Meeting 130

PYMNTS

JUNE 29, 2020

But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. Analysis of more than 1,400 companies in the region found a whopping 40 percent increase in the portion of businesses that are being paid late, compared to 2019 research. ” $1.3 ” $1.3

Payments 256

Payments Analysis Capital Strategy 256

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

PYMNTS

DECEMBER 23, 2018

In addition, he will work with investors, clients and regulators on the company’s Security Token Offering, advisory services business and its partnership with BOX Digital Markets to launch the first SEC-regulated exchange for trading security tokens.

Bitcoin 164

Bitcoin Compliance Regulation Security 164

PYMNTS

JUNE 24, 2020

Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. Capital One was one of the earlier disrupters,” Janardana said.

Security 215

Security Capital Cards Report 215

FICO

JANUARY 25, 2019

The additional costs and complexity for lenders when managing regulations governing mortgages. Regulation has traditionally focussed on capital adequacy, liquidity and credit standards. In January 2019 APRA announced that they are going to cease actively monitoring the investor and interest-only lending caps.

Analytics 74

Analytics Lending Strategy Regulation 74

FICO

DECEMBER 18, 2018

Here’s my advice for 2019 in a nutshell: With IFRS 9 impacts and €780 billion of NPL in Europe alone, stop reading about AI and start thinking about optimization. Accounting Rules & Regulation Overload. You don’t have to be Nostradamus to predict that regulation will continue to drive change in the collections industry.

Analytics 45

Analytics Regulation Regional Marketing 45

PYMNTS

OCTOBER 22, 2020

Plus, Ant Group has received approval from top security regulators for its Shanghai offering. billion kronor (approximately $171 million) infusion in 2019. The Hong Kong sale is being managed by Citigroup, China International Capital Corp., Swedish Startup Lendify Closes $115M Funding Deal. Morgan Stanley and J.P.

Security 134

Security Groups Payments Regulation 134

PYMNTS

OCTOBER 8, 2018

And Seoul Mayor Park Won-soon unveiled a $108-million plan to make the capital into a blockchain-enabled smart city, Coindesk reported. In other news, regulators in the European Union are looking at initial coin offerings (ICOs) to determine if they need to be regulated, Reuters reported. telephone number management.”

blockchain 176

blockchain Bitcoin Regulation Security 176

PYMNTS

FEBRUARY 21, 2020

regulators to secure a national bank charter, in turn clearing the runway for the entity to accept consumer deposits. LendingClub management said on the conference call that buying Radius provides access to capital beyond the traditional institutional investors that have helped fund the loans. Elsewhere, the U.S.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The deal is still awaiting approval by the bank’s shareholders and the board. On Thursday (Oct.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

MARCH 1, 2019

28), Basware said it has “terminated discussions with Tradeshift Holdings,” adding that Tradeshift cited “conditions in the capital markets” that led the company to end efforts to acquire Basware. In an announcement on Thursday (Feb. As a result, the companies have entered into a standstill agreement until Nov.

Leadership 139

Leadership Capital Regulation Payments 139

CB Insights

DECEMBER 15, 2020

Change has been long overdue for the wealth management industry, which is facing growing competition, outdated legacy tech , thinning margins , and an aging client base. Digitization will be crucial for wealth managers looking to capture or retain this generation of clients. In turn, this is driving revenue for big banks. .

Management 87

Management Fintech Industry Trends 87

Gonzobanker

JULY 10, 2020

Regardless of their viewpoints on capital recovery, now is the time for banking leaders to reevaluate their planning strategies. In a recent Fortune survey, 55% of corporate executives said they expect to return to 2019 capital spending levels sometime in 2021. What businesses need capital in the interim? Risk Management.

Risk Management 88

Risk Management Capital Strategy social media 88

PYMNTS

APRIL 13, 2020

percent in 2019. In this context, the Dutch Authority of Financial Markets has turned to embracing FinTech players in the market to support SMBs, with the regulator’s latest approval going to Finturi. percent in 2018, to 59.5 This problem is particularly acute for SMBs working with larger corporate customers, said Brouwer.

blockchain 155

blockchain Capital Regulation Fintech 155

PYMNTS

OCTOBER 11, 2019

The Financial Times is reporting the company told investors it was “a robust, well-capitalized business,” and that “we want to give you some reassurance that we are focused” in terms of recent difficulties. It typically takes a few days to sell loan parts, but the duration has stretched into about four months since the beginning of 2019.

Capital 122

Capital Lending Regulation Retail 122

PYMNTS

JUNE 3, 2020

MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. The company’s total revenue increased by 59 percent in 2019 to $2.30 percent compared to the first quarter of 2019, surpassing eight million unique users.

America 248

America Regional Fraud Mobile 248

Bussman Advisory

DECEMBER 18, 2018

With 2019 right around the corner, the time has come to reflect on the events of 2018, but more importantly, to consider what the next year holds. While some may lament the entry of regulators in 2018, clamping down on ICO projects, and putting in place strict frameworks for compliance, these are signs of a market maturing.

blockchain 45

blockchain Trends Security Marketing 45

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives. Benefits of earlier CECL implementation.

Resources 195

Resources San Antonio Data Regulation 195

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

PYMNTS

FEBRUARY 9, 2019

According to Intuit General Manager Alex Chriss, cash flow is a life-or-death factor for a company. ” In another statement, Euler Hermes Americas CEO and President James Daly said uncertainties and market risks have their own impact on organizations’ ability to manage cash flow, too.

Survey 158

Survey Capital Management Taxes 158

PYMNTS

NOVEMBER 1, 2019

The third quarter of 2019 saw decreased revenue for meal kit subscription service Blue Apron , which is aiming to gain new ground. Management pointed to at least some softening in fleet customer trucking volumes, which was, in part, tied to a softening macro environment. UK Regulators Want First-Time Payments Delay to Avert Fraudsters.

Payments 100

Payments Lending Fraud Capital 100

PYMNTS

JANUARY 25, 2021

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark. and Europe.

Online 300

Online Meeting Payments Cards 300

PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

PYMNTS

FEBRUARY 9, 2019

According to Intuit general manager Alex Chriss, cash flow is a life-or-death factor for a company. ” In another statement, Euler Hermes Americas CEO and President James Daly said uncertainties and market risks have their own impact on organizations’ ability to manage cash flow, too.

Survey 123

Survey Management America Capital 123