Wed.Sep 15, 2021

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Equity Market Duration and the Wizard of Oz

SWBC's LenderHub

Last week, Bank of America Corp.’s head of U.S. equity and quantitative strategy, Savita Subramanian, said something very interesting about the S&P 500: “The S&P 500 has essentially turned into a 36-year, zero-coupon bond,” Subramanian said in an interview on Bloomberg TV’s Surveillance. “If you look at the duration of the market today, it’s basically longer duration than it’s ever been.

Marketing 143
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Winners announced for Bank Customer Experience Awards

ATM Marketplace

The winners of the Bank Customer Experience Awards were officially announced at the awards show during the Bank Customer Experience Summit, held in Chicago from Sept. 13 to 15. These awards honor innovators in the financial industry that deliver innovative customer experiences.

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Lost Your Credit Card? Here’s What You Can Do

BankBazaar

Have you lost your Credit Card? Don’t panic. We’re here to help you act quickly before it can hamper your finances. To be honest, a Credit Card is quite easy to lose. After all, it’s a tiny plastic card that is easy to overlook. However, losing your plastic buddy may be nothing short of a nightmare. If you’ve lost your Credit Card recently, this article is for you.

Cards 97
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Meadows Bank bets on new Jack Henry security solution

BankInovation

Jack Henry Banking is deploying SecurePort, a solution that seeks to help banks provide end-users with timely access to their accounts, in case bank systems fail. Jack Henry Banking is the banking division of core provider Jack Henry & Associates. Backing up critical customer account data each night by managing their vault or using a […].

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Growing Past $50 Billion: What Banks Need To Know About Section 165 of the Dodd-Frank Act

Perficient

Section 165(a) of the Dodd-Frank Act requires the Federal Reserve to establish “enhanced supervision and prudential standards” for bank holding companies with more than $50 billion assets. This scrutiny level is stronger than the standards applicable to smaller institutions and increases based on a bank holding company’s unique riskiness. A. Standards the Federal Reserve Must Apply: (i) Risk-based Capital Requirements and Leverage Limits.

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Bank of America’s New-Look Leadership Team

Banking Exchange

CEO Brian Moynihan is to lead the bank’s most diverse management team in history Management Feature Human Resources Financial Trends Feature3 Diversity.

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Study: FIs reap ROI with intelligent automation

BankInovation

Upward of 90% of financial services firms are seeing business improvements as a return on investment from their automation efforts. The challenge, however, is finding the workplace talent to reap those benefits. A study released Tuesday by intelligent automation and digital business services firm Emergn polled 320 executives, including 212 financial services technology leaders, at financial service, pharma and life sciences and insurance firms […].

Study 95
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More Fintech Guidance from Fed as Regulators Scrutinize Partnerships

Banking Exchange

Community bank-focused document is designed to guide companies through the innovation process Community Banking Feature3 Feature M&A Management.

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Online payment fraud ranks as one of the most significant threats for digital marketplaces

The Paypers

A study by Ravelin has shown that online payment fraud is still the number-one fraud concern for digital marketplace organisations, with more than three quarters of firms ranking it as one of their most significant threats.

Fraud 65
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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Podcast: Making the Most of an Anti-Phishing Campaign

ABA Community Banking

The award-winning #BanksNeverAskThat anti-phishing consumer education campaign is back with refreshed content for 2021. The post Podcast: Making the Most of an Anti-Phishing Campaign appeared first on ABA Banking Journal.

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Billogram — A Recurring Billing And Payments Platform — Raised $45M To Expand Into New European Markets

CB Insights

Billogram , a recurring billing and payments platform, has raised $45M in a Series C. The round drew participation from Partech Partners. How’s the company performing? Sweden-based Billogram offers a platform for managing recurring payments. The company aims to replace traditional invoicing methods with an interactive payment solution. The company reported that signed deals grew by 300% in 2020.

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Monzo unveils buy now, pay later product with £3,000 limit

TheGuardian

Digital bank’s Flex scheme joins controversial market that allows customers to stagger payments without interest or fees The digital bank Monzo is muscling in on the UK’s booming “buy now, pay later” market and will be offering its customers credit limits of up to £3,000. Monzo is one of the first UK banks to launch into the fast-growing but controversial BNPL sector, which is dominated by financial technology companies such as the industry leader Klarna and PayPal.

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i2c certifies on Mexico's Prosa payments network

The Paypers

i2c , a US-based payment service provider, has announced its certification with Mexican payments network, Prosa , continuing its growth in the LAC region.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Candidate to head FHFA favors turning Fannie, Freddie into utilities

American Banker

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Boku launches tools to streamlines & secures online transactions in Germany

The Paypers

Boku , a US-based payment service provider has launched its verify and authenticate solutions in Germany, with both solutions integrated with O2, Telekom Deutschland, and Vodafone.

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Proposed SBA expansion into direct lending irks banks, credit unions

American Banker

Lending 87
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Square lets Cash App users make in-store payments with mobile wallet

The Paypers

Square , a US-based fintech, has announced it will let Cash App mobile wallet users make purchases with the app when shopping at merchants that use its payment-processing technology.

Mobile 46
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Square enables its merchants to accept Cash App payments

American Banker

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Allied Payment Network partners Finastra to launch Bitcoin wallet

The Paypers

Allied Payment Network and Finastra have introduced Allied Bitcoin Wallet, a new app to be launched on Finastra’s FusionStore.

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SVB bulks up in investment banking with tech hires

American Banker

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Voxel acquires Troove

The Paypers

Voxel has acquired Troovo to improve and consolidate its B2B payment solutions by integrating Troovo's technology into baVel Pay's payment platform.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Home BancShares entering Texas with $919 million acquisition

American Banker

Texas 78
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HSBC, DBS, BOC join trade finance advisory group on GSBN

The Paypers

Hong Kong’s Global Shipping Business Network (GSBN) has announced the creation of a Trade Finance Advisory Group, joined by HSBC, DBS Bank and Bank of China (Hong Kong).

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BNY Mellon to provide real-time bill pay to Citi, Verizon

American Banker

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Porr and Doka partner for digital logistics platform

The Paypers

Austria-based construction companies Doka and Porr have announced creating a joint construction logistics platform for the digitisation and optimisation of ordering, delivery and billing processes.

Company 39
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.