South State Correspondent

AUGUST 16, 2023

This data is consistent across regions. Volume is not expected to pick up in the second half of 2023. The post Consumer Credit Update for 2Q 2023 appeared first on SouthState Correspondent Division. Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively.

Trends 195

Trends Cards Capital Data 195

South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. In the past, you have seen us rank customer relevance and total experience as a top priority for banks – not in 2023. That market share has come mainly from regional and community banks.

Community Bank 195

Community Bank Capital Training Lending 195

South State Correspondent

JANUARY 22, 2023

In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. The post 4 Ways To Quantify Loan Prepayment Protection in 2023 appeared first on SouthState Correspondent Division. The greater fool theory breaks down in a recession.

Community Bank 195

Community Bank Community Capital Maine 195

American Banker

JULY 19, 2023

She is now a data science manager for the corporate bank and wealth management arm at Regions. Chun Schiros moved to the U.S. from China after graduating from college.

Regional 36

Regional Management Data Industry 36

American Banker

OCTOBER 30, 2023

In October's roundup of top banking news: Navy Federal's contract with the Department of Defense remains in limbo, check fraud takes a bite out of Regions Financial's third-quarter earnings, a Community Reinvestment Act rule gets finalized and more.

Regional 59

Regional Fraud Community Fintech 59

Cisco

JANUARY 10, 2023

Whether a community bank or a credit union, regional insurer, or multi-national financial institution, cross-functional engagement with champions, key influencers and ultimate decision-makers also helps to eliminate silos inherent in the financial services industry. Accelerated Digital Transformation Framework.

Digital Strategies 174

Digital Strategies Strategy America Innovation 174

American Banker

JULY 19, 2023

Ashley O'Neal joined Midwest BankCentre in 2018 and currently has two regional managers working for her and a total of 77 retail employees in her organization.

Regional 69

Regional Retail Management Industry 69

Jack Henry

SEPTEMBER 18, 2023

Community and regional banks and credit unions can learn about payments trends in 2023, FedNow, streamlining experiences, reducing fraud and risk, and the future of payments.

Strategy 97

Strategy Payments Regional Fraud 97

American Banker

MARCH 5, 2024

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

New York 86

New York Community Regional Report 86

Perficient

DECEMBER 28, 2023

The CFPB’s Problem with Junk Fees Recently, a regional bank headquartered in Richmond, VA faced a hefty $6.2 The term “junk fee” has appeared in no fewer than 10 press releases in 2023 alone, signaling a broader concern for the CFPB. million fine for alleged illegal overdraft fee harvesting.

Compliance 221

Compliance Regional Industry Leadership 221

Jack Henry

SEPTEMBER 20, 2023

Community and regional banks and credit unions can learn about payments trends in 2023, FedNow, streamlining experiences, reducing fraud and risk, and the future of payments.

Regional 88

Regional Fraud Community Trends 88

American Banker

NOVEMBER 16, 2023

2023 proved to be a rocky year for large regional banks. But under CEO Bill Demchak's guidance, the Pittsburgh-based company has navigated the turmoil better than many of its peers.

Regional 86

Regional Company Lending 86

American Banker

DECEMBER 15, 2023

Still, large financial institutions continued to trim their physical footprints, with two super-regional banks taking the most aggressive actions. Across the industry, the pace of branch shutdowns slowed this year.

Regional 73

Regional Industry Groups Management 73

Abrigo

JANUARY 3, 2024

While many think of trade, commerce, and cultural exchange when considering this region, ignoring the undertow of illicit activities is impossible—the border remains a hotspot for drug trafficking, illegal arms trade, human trafficking, and smuggling operations, necessitating vigilant scrutiny and transaction monitoring within the U.S.

United States 221

United States San Antonio Training Fraud 221

Abrigo

FEBRUARY 6, 2024

And FinCEN reported that Suspicious Activity Report (SAR) filings for check fraud in 2022 exceeded 680,000, nearly doubling the number of filings the previous year. Check fraud can cause catastrophic losses The increase in check fraud has taken a heavy toll on banks such as Regions Financial Corp.

Fraud 221

Fraud Training Trends Regional 221

PYMNTS

AUGUST 2, 2019

With the subscription market set to reach more than $500 billion by 2023 , consumers now purchase things like music streaming, software and groceries through subscription services. Beyond product and strategy, payment methods come with highly regional preferences. One of the biggest issues — especially among U.S.

Regional 108

Regional Payments Cards America 108

Alex Jimenez

NOVEMBER 4, 2023

Financial Inclusion: The need for the industry’s support of underserved populations and regions came up often. A version of this post was published on LinkedIn, November 1, 2023. In the payments area, I saw a shift toward discussing more inclusive and efficient global payments solutions.

Conference 84

Conference Meeting Trends Fintech 84

BankInovation

SEPTEMBER 1, 2023

As community and regional banks navigate 2023 and approach 2024, they’re setting their sights on critical priorities to chart their strategic direction – with a keen focus on: • Growing deposits • Growing loans • Retaining talent Jack Henry’s 2023 Strategic Priorities Benchmark Study found that 79% of financial institution CEOs surveyed plan to increase (..)

Study 67

Study Regional Survey Community 67

Gonzobanker

MAY 23, 2023

The historic deposit runs on several niched regional banks have woken up bankers and their investors, regulators and policymakers to the threats that liquidity flows place on the entire industry. Taking a step back and looking into reported financial data for Q1 2023, a few key insights appear: The banking industry lost a remarkable $1.1

social media 159

social media Risk Management Regional Industry 159

American Banker

MARCH 10, 2024

During the March 2023 banking crisis, company executives had to calm panicked customers, shore up liquidity and reassure investors after two other regionals failed. Key decisions during a critical seven-day window likely averted disaster.

Regional 36

Regional Company Management 36

PYMNTS

MAY 22, 2020

Having previously identified the region’s growing eCommerce market and given the traction witnessed by clients (going) online due to the pandemic, we are on track for the scheduled opening by the end of 2020.”. DCC is the first eCommerce free zone to foster retail growth in the Middle East and North Africa (MENA) region.

Regional 266

Regional Taxes Groups Technology 266

American Banker

JULY 28, 2023

The advance has helped the group pare its declines this year to roughly 10%, easing an earlier drop of as much as 33% following a string of regional bank collapses, including Silicon Valley Bank in March.

Regional 36

Regional Groups 36

PYMNTS

OCTOBER 22, 2018

Consumers have more retail modes than ever before, in more regions of the world – and a greater ability to expand and customize their commerce activities. Data: $13 billion: Projected worth of the self-service market by 2023. million: The number of smart vending machines forecast to be online in the Asia Pacific Region.

Data 182

Data Regional Fraud Course 182

Abrigo

MARCH 8, 2024

In 2023, reported fraud losses surged to over $10 billion, a 14% increase from 2022, despite a similar number of cases being reported at 2.6 While previously, fraud was local or regional, today, scammers leverage technology extensively. Notably, the nature, targets, and methods of perpetuating fraud are evolving.

Fraud 195

Fraud Technology Trends Training 195

The Paypers

DECEMBER 4, 2023

Sumbsub has released an annual Identity Fraud Report that analyses identity fraud across industries and regions.

Report 36

Report Regional Fraud Industry 36

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! Intrepid payments professional that I am, my thoughts are still lingering on what a great event FICO World 2022 was, the amazing fraud insights we shared, and how excited I already am for FICO World 2023. Find out more and register to attend FICO World 2023.

Fraud 52

Fraud Analytics Trends Innovation 52

Gonzobanker

APRIL 4, 2024

According to a July 2023 survey of U.S. That’s similar to MoneyLion, whose Q2 2023 securities filing claimed the company had “nearly” 10 million customers. Forbes notes that Chime’ 2021 raise was valued at $25 billion but that secondary-market activity in 2023 put the company’s value at around $8 billion. What’s Chime Worth?

Comparison 104

Comparison Fintech America Survey 104

PYMNTS

DECEMBER 12, 2018

RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate. The two regions with the most growth were also the two least developed: Asia-Pacific and Central and Eastern Europe. million, according to a report.

Cards 178

Cards Payments Regulation Regional 178

BankUnderground

JANUARY 17, 2024

Nakamura et al (2018) analyse the societal cost of high inflation using microdata from the 1970s and 1980s, and Montag and Villar (2023) analyse the effect of more frequent price-changes on aggregate inflation during Covid. Latest observation: September 2023. Latest observation: 2023 Q3. Dashed lines show the 2011–19 averages.

Data 133

Data Policies US Regional 133

South State Correspondent

MAY 9, 2023

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. With the collapse of First Republic Bank, the 2023 total of failed bank assets is now a new annual record – as shown in the graph below. economy needs.

FDIC 195

FDIC Regulation Capital Management 195

Abrigo

FEBRUARY 8, 2024

consumers lost billions of dollars due to fraud during 2023. consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022. billion was lost to fraud through social media between January 2021 and June 2023. DOWNLOAD Takeaway 1 U.S. According to the FTC , $2.7

Fraud 195

Fraud Resources social media Software 195

South State Correspondent

JANUARY 25, 2024

The 10-year treasury hit just over 5% in October 2023, and interest rate volatility is the highest since the great financial crises, as shown in the graph below (ICE swap volatility index). This elevated interest in rate locks results from the high volatility of interest rates and an inverted yield curve.

How To 195

How To Community Bank Community National 195

PYMNTS

MARCH 12, 2019

67 percent: The share of Australian citizens expected to use real-time payments by 2023. 10 : The number of countries in the region in which Grab operates. . $172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018.

Taxes 122

Taxes Regional Data Mobile 122

PYMNTS

JUNE 11, 2020

Seattle’s City Council is debating a bill to force eCommerce ordering and transportation platforms like Instacart and Uber to give drivers at least $5 “premium pay” for each trip made during the pandemic and until as long as 2023. Now, Instacart is threatening to halt operations there rather than pay up. “If

Seattle 130

Seattle Online Regional Survey 130

BankUnderground

NOVEMBER 29, 2023

in Baldwin et al (2023) ; authors’ elaboration based on 2021 OECD ICIO tables. in Baldwin et al (2023) ; authors’ elaboration based on 2021 OECD ICIO tables. in Baldwin et al (2023) ; authors’ elaboration based on 2021 OECD ICIO tables. in Baldwin et al (2023). Source: Figure 2.7 Source: Figure 2.11 Source: Figure 2.5

US 118

US National Policies Industry 118

PYMNTS

JULY 28, 2020

Earlier forecasts from the industry organization, which is citing the data in calling for increased government assistance, estimated a recovery by 2023. ” June’s year-over-year drop in demand was particularly acute in regions that generate much of the world’s passenger air travel. International travel was off 97.2

Video 140

Video Regional America Data 140

PYMNTS

APRIL 27, 2020

Additionally, the Global Impact Report highlighted PayPal’s support of community relief efforts through a new employee giving program, global fundraising campaigns through PayPal’s Giving Fund and donations to relief efforts in impacted regions.

Report 168

Report Community California Regional 168