Mon.Apr 10, 2023

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The Toaster Effect: Free Gifts Can Boost New Account Openings by 15% or More

The Financial Brand

This article The Toaster Effect: Free Gifts Can Boost New Account Openings by 15% or More appeared first on The Financial Brand. What free gifts are helping banks and credit unions attract new checking accounts these days? Here's a gallery of giveaways from across the country. This article The Toaster Effect: Free Gifts Can Boost New Account Openings by 15% or More appeared first on The Financial Brand.

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Walmart sues Capital One to end credit-card deal

Payments Dive

Capital One failed to meet standards outlined in the contract, such as issuing replacement cards and promptly processing payments and posting transactions, Walmart alleged.

Capital 221
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Fair Value Accounting for Loans

South State Correspondent

Fair value accounting measures assets and liabilities at current market value instead of historical or amortized value. Most agree that attempt to fair value certain financial instruments would still not approximate the settlement of that instrument between a motivated buyer and seller – for example, there are many unpredictable or unknown factors to be able to value instruments like loans and deposits.

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Sezzle CEO embraces company’s underdog status

Payments Dive

Charlie Youakim, co-founder of the buy now, pay later company, said the company has defied the odds in carving its own path. “Every step is a little bit unusual," he said.

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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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Movers and Shakers: Piermont Bank names Suarez chief banking and innovation officer

BankInovation

New York-based Piermont Bank appointed Rodrigo Suarez as its new chief banking and innovation officer. Suarez previously served as the $467 million bank’s head of innovation. In his new role, he will use his tech-first mindset as Piermont looks to launch new products to assist the bank’s fintech partners, Suarez told Bank Automation News.

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Movers and Shakers: Piermont Bank names Suarez chief banking and innovation officer

BankInovation

New York-based Piermont Bank appointed Rodrigo Suarez as its new chief banking and innovation officer. Suarez previously served as the $467 million bank’s head of innovation. In his new role, he will use his tech-first mindset as Piermont looks to launch new products to assist the bank’s fintech partners, Suarez told Bank Automation News.

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Old National Bank employee kills four in shooting at Louisville branch

American Banker

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Streamline Digital Account Opening with ChannelLessâ„¢ Engagement

BankInovation

Gaining and retaining customers and members is a priority for all financial institutions (FIs). One of the important ways to do this is to ensure your digital account opening process is flawless.

Survey 52
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Advocates urge agencies to finish — not start over — pay-clawback rule

American Banker

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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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Bank of America to launch search function for CashPro

BankInovation

Bank of America is seeking to decrease user clicks in its CashPro banking platform with its launch of a new search function this month.

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Oklahoma credit union relies on data to shape financial wellness tools

American Banker

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How the ‘Paze’ Digital Wallet Aims to Win Over Merchants and Consumers

The Financial Brand

This article How the ‘Paze’ Digital Wallet Aims to Win Over Merchants and Consumers appeared first on The Financial Brand. One way Paze will differ from Apple Pay and other digital wallet competitors: It’s free for merchants. This article How the ‘Paze’ Digital Wallet Aims to Win Over Merchants and Consumers appeared first on The Financial Brand.

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Capital One's rift with Walmart won't be a big drag, analysts say

American Banker

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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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CRE Credit Risk – What You Need To Know Now

South State Correspondent

The current banking crisis has put a magnifying lens on all non-Too-Big-Too-Fail banks. While the market focuses on deposits and liquidity, media pundits and analysts are waiting for credit problems to appear. Of all the credit risks within banks, one of the largest is in commercial real estate exposure. When CRE credit risk arises, it will likely spark a new round of bank failures.

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Former Boston Fed chief joins Berkshire Hills board

American Banker

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Jes Staley loses bid to sever JP Morgan lawsuit from other Epstein legal cases

TheGuardian

Judge rules lawsuit accusing Staley of concealing what he knew about Jeffrey Epstein cannot be separated from two related claims A federal US judge rejected requests to sever JP Morgan’s lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over the bank’s work for the convicted sex offender.

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Banking crisis widens startups' geographic innovation gap

American Banker

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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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Home Loan banks' liquidity mission is vital to housing and development

American Banker

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Elizabeth Warren, AOC ask SVB depositors to detail ties to bank

American Banker

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KPMG, Goldman Sachs faulted in investor suit over SVB failure

American Banker