PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

DECEMBER 19, 2019

The push to get to full PSD2 SCA compliance, he said, isn’t going to be an easy switch-on because, as is often the case in the European Economic Area (EEA), there are a lot of moving parts and a lot of details up in the air. What will that compliance look like in the in the EEA and around the world? Kakkar said.

Compliance 102

Compliance Regulation Strategy Training 102

South State Correspondent

MARCH 14, 2024

Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail. This, however, could be a mistake.

Innovation 195

Innovation Strategy Capital Comparison 195

Abrigo

MAY 19, 2023

As our annual loan review survey pointed out, loan review units have a severe workforce shortage at both the junior and senior levels. The annual loan review survey showed that schooling has most likely not interfered with loan reviewers’ education because departments lack funds to expend on loan reviewer training.

Training 195

Training Lending Risk Management Guidelines 195

PYMNTS

APRIL 22, 2019

However, both sides struggle with making trade finance profitable, and maintaining compliance. A recent survey from Strategic Treasurer found that 77 percent of banks point to KYC as the biggest hindrance to supply chain finance operations. .” ” Below, PYMNTS looks at some of the data points behind these conclusions. .

Compliance 134

Compliance Regional Survey Fintech 134

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." The institution can more easily capitalize on opportunities and avoid unnecessary risk. It also offers guidance for assessing and monitoring credit risks while meeting risk management and compliance goals.

Lending 221

Lending Risk Management Community Management 221

Abrigo

OCTOBER 1, 2014

” There is a real opportunity here for community banks to position themselves within this movement and capitalize on what the consumer sees as their strengths— relationship-based lending , tailored product offerings, and knowledge of the local community. Partner with small business owners. Invest in community engagement.

Community Bank 170

Community Bank Community Capital Lending 170

Abrigo

MAY 24, 2023

According to the ABA, s urvey data compiled last year by Whitney Economics reported that over 70 percent of participating cannabis businesses say the “lack of access to cannabis banking or investment capital” is their top challenge. appeared first on Abrigo.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

OCTOBER 5, 2020

Compliance automation startup Strike Graph has launched with a $3.9 The new capital will help Strike Graph hire more engineering and cybersecurity positions. million seed funding round, according to a press release. Chief financial officers (CFOs) have been having a tough time amid the pandemic.

Compliance 141

Compliance Survey Security Fraud 141

South State Correspondent

JANUARY 4, 2023

The irony here is that more than half the banks we recently surveyed had some goal and metric around asset growth. Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Noticeably absent from the list below is growth.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

OCTOBER 11, 2019

After one of the busiest weeks of the year for B2B startup venture capital funding, this week revealed a bit of a lull in the market. Led by Swisscom Ventures and Edenred Capital Partners, the funding saw participation from existing backers Lakestar and Notion Capital as well, while Columbia Lake Partners also provided funds.

Capital 169

Capital California Analytics Management 169

PYMNTS

SEPTEMBER 11, 2017

8) said 27 percent of global banks surveyed have reported a drop in the number of correspondent banking relationships. In a survey of 300 banks across 92 countries, the report found Sub-Saharan Africa saw the steepest decline in correspondent banking activity, with 35 percent of banks there reporting a drop in such relationships.

Survey 128

Survey Groups Regulation Compliance 128

PYMNTS

JUNE 10, 2019

Basel III regulations, which were agreed upon in 2010 and set to be fully in effect by 2027, imposed stricter capital requirements on financial institutions that some critics argued stifled FIs’ ability to provide loans to small and medium-sized businesses (SMBs). billion short of Basel III capital requirements as of last year.

Lending 100

Lending Capital Regulation Survey 100

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. It all comes, at least on the surface, as a message of support that also comes at a time when chief compliance officers may be a bit trepidatious.

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. The FinTech as a Service launched Tuesday (Dec. Report: Digital Lender SoFi Eyes IPO Via SPAC.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JUNE 17, 2016

A survey released on Thursday (June 16) by the U.S. According to reports, these regulations are forcing businesses to either pass the cost of compliance onto their customers or to delay investments, the survey found. The COC spoke with corporate treasurers, CFOs and corporate heads for its survey.

Survey 100

Survey Regulation Compliance Report 100

PYMNTS

JUNE 8, 2018

Human capital management company Ceridian HCM Holding announced on Thursday (June 7) a new feature of its Dayforce HCM solution that can help business users address issues with employee retention. Later this year, the company also plans to launch its planning, surveying and on-demand pay functionality for Dayforce.

Survey 122

Survey Millennials Tools Analytics 122

PYMNTS

JUNE 15, 2018

In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

JANUARY 23, 2019

Unsurprisingly, access to finance is an essential component for small businesses to grow across borders, with one-fifth of all small businesses surveyed (global SMBs with fewer than 250 employees) agreeing that access to finance will be a significant barrier to growth for three years.

Payments 174

Payments Survey Capital Resources 174

PYMNTS

JANUARY 17, 2019

As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. The vast majority of the 35,000 survey respondents told the APA that they get paid via direct deposit, with only 4.3

Capital 173

Capital Tools Survey Management 173

Social Assurance

DECEMBER 4, 2020

Our Annual Marketing and Compliance Survey and Report sought to better understand how some of these changes affected the financial services industry and how community financial institutions responded to the challenges. For more in-depth insights, be sure to download our marketing and compliance report by clicking the link below.

Compliance 15

Compliance Marketing Report social media 15

PYMNTS

AUGUST 20, 2018

Consider India, where EY estimates in a recent survey that in India, companies are finding it a challenge to navigate GDPR. As the research shows, 63 percent of respondents to the survey — those who were, in fact, aware of the mandates — were non-compliant. FinTech Firms Eye Bank Charters.

Fintech 101

Fintech Survey Regulation Resources 101

Abrigo

NOVEMBER 19, 2015

Bank Director’s 2016 Bank M&A Survey , sponsored by Crowe Horwath, was recently released and offers insight on current M&A trends in the banking industry. The survey comprised 260 current and former directors, CEOs and other senior bank executives, with 76 percent having greater than $250 million in total assets.

Survey 150

Survey Risk Management Industry Compliance 150

PYMNTS

JUNE 21, 2016

According to a survey conducted by the chamber, there are negative effects of such legislative efforts , with businesses noting that they have been forced to increase prices for their customers as a result of regulatory impacts or have had to delay or cancel investments for growth. Last week, reports emerged that the U.S. ”

Survey 101

Survey Regulation Compliance National 101

PYMNTS

JULY 26, 2018

In a letter sent to the International Revenue Service (IRS) and the Treasury Department, the AICPA said tax reform legislation must provide clarity in how SMBs approach accounting compliance. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

Taxes 100

Taxes Capital Compliance Survey 100

PYMNTS

NOVEMBER 18, 2019

” In another statement, Fundera Senior Vice President Tony Santillo said access to capital can be “a defining moment for any small business owner.” Nearly one-quarter of SMBs surveyed by Fundera said they mix personal and business expenses on their business credit cards.

Tools 109

Tools Cards Resources Compliance 109

Abrigo

DECEMBER 2, 2021

Two years ago, more bankers surveyed for that report named core deposit growth as their greatest challenge than any other issue. The challenge with the influx of capital is that most financial institutions don’t know how much of the money at their institutions will hang around – or for how long. billion from $515.3 billion between Dec.

Conference 195

Conference San Antonio Lending Fraud 195

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Of the 294 people that took the survey, 32% listed ML and AI as their institution’s […].

Innovation 186

Innovation Survey Fintech Community 186

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice. The advantage of working capital is obvious to some degree.

Management 150

Management Resources Capital Taxes 150

BankUnderground

JULY 2, 2021

They use matched survey data of employees who WFH voluntarily and their supervisors in an organisation. ILO (2020) notes challenges both in setting up an appropriate home-working conditions and in monitoring and controlling compliance with occupational health norms. days/week of WFH could harm relationships with co-workers.

Study 133

Study Survey Policies Capital 133

Abrigo

AUGUST 19, 2016

In that survey, accountants had higher ratings than journalists, real estate agents, building contractors and business executives. Over the years, accountants have been named as the most trusted business advisor in several industry surveys, including one in 2012 by Sage and another in 2013 by CCH.

How To 150

How To eBook Survey Industry 150

PYMNTS

NOVEMBER 14, 2016

A survey of security officials among enterprises worldwide found that a third of cyberattacks that target corporations are successful in compromising data security. Researchers highlighted the threat of falling out of compliance with Payment Card Industry Data Security Standard regulations by using free cloud storage solutions.

San Francisco 100

San Francisco Survey Data Security 100

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

AUGUST 12, 2020

A recent Abrigo survey revealed that three out of five institutions considering mergers and acquisitions are putting their plans on hold. This has resulted in theoretical assumptions for capital planning. Streamline the allowance calculation while bridging your incurred loss model to CECL compliance. Talk to a specialist.

Capital 195

Capital System Comparison Strategy 195

Abrigo

AUGUST 4, 2015

While the pressures of a public megabank stress test are unique in many ways, the notion of marrying HR and compliance doesn’t sound so strange. For banks of any size, the practice of stress testing goes hand-in-hand with compliance.

Resources 150

Resources America Compliance Michigan 150

PYMNTS

JULY 4, 2018

“Because of these challenges, it seems that financial institutions will be busy focusing on little more than internal issues — compliance, security and the bottom line — leaving little room for new customer-facing initiatives that could improve the experience,” CEO Mark Gazit had written.

Survey 101

Survey Risk Management Compliance Security 101

Abrigo

NOVEMBER 28, 2014

It’s clear that many accounting firms are missing out on new business with existing and prospective clients when they focus solely on offering compliance-related, Type 1 services such as tax preparation, tax planning and compilation/audit/review. At the same time, owners obviously have unmet needs related to growing their companies.

Taxes 191

Taxes Survey Technology Comparison 191