PYMNTS

JANUARY 14, 2021

Commerzbank Chief Risk Officer Marcus Chromik told a parliamentary committee that the bank agreed to extend credit to Wirecard in 2018, based on assurances about the company's prospects. Despite carrying out their own analyses, “[t]here were no signs of accounting discrepancies,” said Chromik, Reuters reports.

Fraud 146

Fraud Regulation Operations Report 146

Gonzobanker

DECEMBER 14, 2023

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

Fintech 194

Fintech Community Regional Technology 194

South State Correspondent

APRIL 24, 2023

This article gives bankers a background on what it is, its risks, and how it will change everything from your infrastructure to your hiring practices. Tell it to text your customers as one of its goals, and it will sign up for a messaging app and send out a text. Instead of automation, banks can now have intelligent automation.

social media 195

social media Data Marketing Technology 195

PYMNTS

AUGUST 9, 2020

Most of the letters from individuals, 2,246, argued the Federal Reserve should not operate in competition with the private sector and viewed the decision to implement FedNow as an expansion that is inconsistent with its historical purpose. They also proposed the implementation time frame for the service be moved up. payment system.

System 181

System Payments Operations Fraud 181

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. By Katie Kuehner-Hebert.

Fintech 136

Fintech Marketing Community Bank Community 136

South State Correspondent

MAY 2, 2022

As a result, bankers love the idea of a sales funnel – put enough prospects at the top of the funnel, and a certain number of customers will fall out the bottom. Some will not know the answer, and other bankers will talk about more marketing, more salespeople, more geography, better follow-up, or a more focused sales effort.

social media 195

social media Management Marketing Resources 195

PYMNTS

JUNE 26, 2020

The Hong Kong-based payments and cryptocurrency platform said it is refunding 100 percent of customer funds after the Financial Conduct Authority (FCA) suspended Wirecard’s operations. CoinDesk reported both companies have assured customers their funds were safe because and being held by a separate financial institution.

cryptocurrency 171

cryptocurrency Regulation Cards Course 171

PYMNTS

MARCH 6, 2020

According to Jon Rigsby, co-founder and chief executive officer of loan origination software company Hawthorn River , the sheer age of many U.S. “The technology transformation that has taken place in the last 10 or 20 years has put a strain on many community bankers,” he told PYMNTS in a recent interview.

Community Bank 173

Community Bank Community How To Lending 173

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. OK, show of hands.

Community 216

Community Fintech Industry Innovation 216

South State Correspondent

MAY 31, 2023

The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. The operative question is: given online and mobile banking, what is the new role of the branch? Branching, for example, is too expensive to be all things to all people.

Data 195

Data Branch Strategies Strategy Mobile 195

Gonzobanker

DECEMBER 17, 2021

THE BANKER AWARDS. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Doug Larson. Bank Deal of the Year.

Fintech 143

Fintech Strategy Leadership Lending 143

Gonzobanker

MARCH 9, 2022

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms. Let’s take a closer look at each deal: Finxact Goes To Fiserv.

Financial Technology 136

Financial Technology Technology Fintech Community 136

PYMNTS

JANUARY 14, 2021

But in a wrinkle — and with a nod to the “cash in, cash out” feature — the users also can visit one of over 60,000 JazzCash agents located in Pakistan, who can help users set up and use their JazzCash accounts (and transact in cash to buy goods). According to the World Bank , that represents a total of 100 million individuals.

Mobile 234

Mobile Payments Course Data 234

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. Keeping up communication. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. LESS THAN $250 MILLION.

Community Bank 164

Community Bank Community Texas Leadership 164

PYMNTS

AUGUST 7, 2018

But there can be a sea change afoot that can mix things up a bit. As noted in American Banker , the deal count came to 371 deals for the first half of the year, with a few triple-digit investment rounds. Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S.,

Fintech 101

Fintech National Course Capital 101

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Even George Bailey would have given you the thumbs up. “I learned a long time ago that reality was much weirder than anyone’s imagination.” ” – Hunter Thompson. Well, HST and Big Bird had it right. Everything.

Idaho 172

Idaho Community Industry Strategy 172

PYMNTS

OCTOBER 6, 2017

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” The company, based in the U.K., Helping employees access financing, the company said, could lead to more effective employees at the workplace.

Lending 152

Lending Capital Marketing Report 152

Jeff For Banks

AUGUST 2, 2021

In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. This is not a high level of revenues to handle all the expenses involved with operating a troubled banking organization at the time. It was so awesome I asked if I can reprint here. million in assets and $233.7

Community Bank 78

Community Bank Community Minnesota Metro 78

Independent Banker

AUGUST 31, 2021

Bob Moore, Augusta Food Bank’s executive director, says traffic was backed up for miles. That day’s event was just one of the many ways in which Kennebec Savings Bank stepped up to help its community in 2020. A local stalwart since its founding in 1870, the community bank was signed into existence by Civil War hero and Gov.

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

MARCH 2, 2018

In addition, we saw more and more B2B FinTech models proving out at the banks, coupled with larger and later-stage investments as the FinTech world scales up.”. where slower economic growth and industry uncertainties due to Brexit have been an issue, it is an encouraging sign.”. Much of the growth, particularly in the U.S. Blockchain.

Fintech 118

Fintech Capital blockchain Lending 118

Jeff For Banks

DECEMBER 16, 2022

I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders. And I am weary of the persistent "get big or get out" mentality of many industry pundits. If their platitudes about scale are correct, then the largest FIs should logically demonstrate better shareholder returns, right?

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Abrigo

JULY 25, 2023

Financial institutions will have different appetites, so they will have time to learn about it and learn from the activity of others.” - Russ Chacon, VP of Product Management, Abrigo Here are some fast facts about FedNow instant payments to help financial crime professionals get up to speed: Not mandatory; no implementation deadline.

Fraud 195

Fraud Payments Security Resources 195

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. But that’s for next year. First, find a comfy chair.

Idaho 148

Idaho Conference Data Marketing 148

Perficient

MAY 21, 2021

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. Learn More About Perficient’s Bright Paths. Celeste Rowe’s Bright Paths Project: Grow Better.

Milwaukee 348

Milwaukee Software Course Detroit 348

Independent Banker

OCTOBER 29, 2014

Millennials have the greatest lifetime value of any customers that a bank can win today, and we’re the most up for grabs,” says Jason Dorsey of The Center for Generational Kinetics, which helped develop ICBA’s generational study on millennials. Out of Mom and Dad’s basement, millennials are primed to become your next best customers.

Millennials 110

Millennials Community Bank social media Community 110

Gonzobanker

SEPTEMBER 4, 2018

Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center.

Technology 115

Technology Resources Fraud Strategy 115

PYMNTS

AUGUST 10, 2016

Clerico has built WePay from the ground up through his innate love of people and by building relationships with customers to provide them with a payments platform that is exactly what they want and need. A lot of payments companies try to build point solutions, solving one problem related to payments. BC: Well, no day is ever the same.

Payments 100

Payments Innovation Software Bitcoin 100

PYMNTS

APRIL 11, 2018

If Blue Suit’s kids were on the soccer team with the applicant’s kids, then the banker would likely consider that person trustworthy and would agree to the loan, regardless of how likely the customer truly was to pay it back. Blue Suit would listen to the customer’s pitch and decide whether to lend that person money. On April 24 at 1:00 p.m.

Lending 100

Lending Regulation Google Risk Management 100

Independent Banker

NOVEMBER 13, 2014

Millennials have the greatest lifetime value of any customers that a bank can win today, and we’re the most up for grabs,” says Jason Dorsey of The Center for Generational Kinetics, which helped develop ICBA’s generational study on millennials. Out of Mom and Dad’s basement, millennials are primed to become your next best customers.

Millennials 87

Millennials Community Bank social media Community 87

Lex Sokolin

DECEMBER 16, 2020

SPACs are like that, but for Fintech companies. You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” This series of transactions achieves the outcome of a company going public, but without the traditional investment banking process.

Fintech 52

Fintech Capital Company Data 52

Lex Sokolin

DECEMBER 16, 2020

SPACs are like that, but for Fintech companies. You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” This series of transactions achieves the outcome of a company going public, but without the traditional investment banking process.

Fintech 52

Fintech Capital Company Data 52

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Banking 2020

MARCH 10, 2015

Daily, I have been reminded by the government, that the signs of economic recovery are all around me. The signs of change are around us, but it’s more likely that the US economy is rearranging itself rather than simply recovering under the old umbrella of Wall Street. My answer, combine the best of both worlds.

Community 40

Community Lending Capital Conference 40

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Independent Banker

DECEMBER 31, 2022

Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. and William West , president and CEO of its holding company, the Tampa Bay Banking Company. Illustration by Jack Hudson. By Beth Mattson-Teig. If a recession does emerge, what will it look like? Koger Propst.

Community Bank 91

Community Bank Community Tampa North Carolina 91

Gonzobanker

JULY 21, 2016

These purchases included operating systems, hardware, application software, maintenance—you name it. These purchases included operating systems, hardware, application software, maintenance—you name it. In fact, up until the late ’90s one of the largest vendors didn’t have a list price. I’ve seen it all.

System 60

System Software Technology Industry 60

PYMNTS

DECEMBER 22, 2016

As 2016 wraps up, PYMNTS reconnected with Britt to reflect on the year in banking and look ahead to what 2017 could have in store. Looking back at 2016, Britt said Chime had an “amazing” year in which the company’s transaction volume increased tenfold, its member base doubled and its staff roster expanded by more than 50 percent.

Millennials 100

Millennials Digital Banking Mobile Industry 100