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Banks Should Make 2024 a True ‘Year of Digital’

Gonzobanker

2024 will prove to be a remarkably busy year in the digital space, when many financial institutions will make near-life-or-death choices about the future of their digital platforms and how they will support them. Get ahead of the game and resolve to make 2024 the institution’s true Year of Digital. Follow Josh on LinkedIn.

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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives. M&A Dynamics Last year, we left AOBA noting that most bankers were optimistic about deals picking up later in 2023 and that the chances of a raging 2024 were strong.

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OCC Highlights, AML & CRA Risks

Perficient

The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks Manage third-party risks, especially for relationships involving higher-risk or critical activities. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

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Santander Takes Big Stake In UK FinTech

PYMNTS

“Small and medium-sized businesses are a major engine of growth around the world, creating new jobs and contributing up to 60 percent of total employment and up to 40 percent of national GDP in emerging economies,” said Santander’s Executive Chairman Ana Botín. The bank expects a return on invested capital higher than 25 percent in 2024.

Fintech 102
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The ERC filing deadline is October 2024. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers. As such, like PPP, this would be a limited product for any bank.

Taxes 195
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Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

These transactions reached $144 billion in value in 2014 and could hit $240 billion by 2024. Khun Sarintorn, VP of international remittance business solutions for Thailand-based Kasikornbank (KBank), explained how the bank’s collaborations with FinTechs are helping to make overseas transfers more transparent and efficient.

Payments 204