Gonzobanker

FEBRUARY 22, 2024

The right talent and tools can equip bankers to take advantage of opportunities in the small business market. As bankers continue to fight the deposit wars, they must move past the polite talk and build a true go-to-market plan to capture the lucrative U.S. small business market—a segment of 32 million small-to-medium businesses (small businesses) with less than $10 million in annual revenue with funding needs of loans between $5,000 and $1,500,000.

Lending 78

Lending Community Bank Community Strategy 78

Payments Dive

FEBRUARY 22, 2024

The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework.

Payments 243

Payments System Company 243

South State Correspondent

FEBRUARY 22, 2024

Banks consistently produce under their cost of capital. For example, at present, return on equity performance is about 12% for the average community bank. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. Why is that? One answer is that banks have the wrong strategic planning time horizon.

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How To Strategy Capital Lending 195

Payments Dive

FEBRUARY 22, 2024

The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.

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Payments Company 259

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Lending

BankUnderground

FEBRUARY 22, 2024

Dario Bonciani and Johannes Fischer The UK economy has been hit by significant terms-of-trade shocks, most notably the rise in energy prices following the Russian invasion of Ukraine. These shocks have created substantial and persistent inflationary pressure in many countries. Such upheavals bring increased uncertainty about the future, making macroeconomic forecasting more challenging.

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Policies Comparison Data Analysis 101

BankInovation

FEBRUARY 22, 2024

Chip manufacturing behemoth Nvidia posted record revenue in the fourth quarter as companies across industries look to develop and deploy generative AI. The Santa Clara, Calif.-based company posted data center revenue of $18.4 billion, up 409% year over year, according to the company’s earnings report.

Data 70

Data Training Industry Report 70

CFPB Monitor

FEBRUARY 22, 2024

Michael Guerrero, a partner in Ballard Spahr’s Consumer Financial Services Group and co-leader of the firm’s Fintech and Payment Solutions Team, has authored an article on buy now pay later (BNPL) that will be published in the March—April 2024 issue of ABA Risk and Compliance. Titled “ Buy Now Pay Later…in an Era of Increased Scrutiny of Economic Headwinds ,” the article discusses the evolution of BNPL, regulatory and compliance considerations, and what is ahead for BNPL.

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Compliance Groups Fintech Payments 78

American Banker

FEBRUARY 22, 2024

Strategic alliances are a viable avenue leading to risk reduction and higher profits — provided that bankers can learn to embrace them.

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BankInovation

FEBRUARY 22, 2024

Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024. The London-based bank’s focus on technology aims “to increase the pace and efficiency of change,” Chief Executive Charlie Nunn said today during the bank’s fourth-quarter earnings call.

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Technology Retail 66

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Fintech

American Banker

FEBRUARY 22, 2024

The New York bank's AI research group has published 400 papers, according to new research from Evident; TD Bank Group's Layer 6 unit published 14 last year. These groups work to solve real-life problems in the business units.

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New York Groups Technology 74

The Paypers

FEBRUARY 22, 2024

Following struggles to comply with local regulations, Binance is facing bans in The Philippines. Nigeria is also on the offensive against Binance and similar crypto firms.

Regulation 73

Regulation 73

American Banker

FEBRUARY 22, 2024

In the wake of the largest U.S. bank deal in more than 15 years, industry executives offered mixed views about the prospects for more big acquisitions. They also spoke about the deal's impact on competition in the credit card business.

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Capital Cards Industry Groups 71

BankInovation

FEBRUARY 22, 2024

Institutions approaching mergers and acquisitions must consider how to combine cultures, business models in addition to their tech stacks.

Strategy 61

Strategy How To Management Capital 61

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Innovation

American Banker

FEBRUARY 22, 2024

The payment company is working with Google Cloud to develop new forms of machine learning on a larger scale.

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Google Payments Company 88

TheGuardian

FEBRUARY 22, 2024

Frasers Group suing over $900m cash demand linked to bets placed on shares in German retailer Hugo Boss The billionaire businessman Mike Ashley has claimed he was the victim of “abuse” by Morgan Stanley amid a high court dispute over the investment bank’s decision to impose a near $1bn (£790m) cash demand. Ashley’s Frasers Group is taking legal action against the US investment bank Morgan Stanley and Denmark’s Saxo Bank over the May 2021 move linked to bets placed on shares in the German retaile

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US Groups Retail Industry 45

American Banker

FEBRUARY 22, 2024

MainStreet Bancshares in Fairfax says it can succeed where others have run into some thorny regulatory problems by cutting out the middleware and linking fintech partners directly to its core.

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Virginia Fintech Community Bank Community 45

The Paypers

FEBRUARY 22, 2024

Artificial intelligence economic sanctions enforcement provider Silent Eight has expanded its partnership with HSBC to deliver transaction screening solutions.

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Case Study

American Banker

FEBRUARY 22, 2024

The two companies in the largest bank merger since the 2008 financial crisis released details of their agreement. It leaves the door open for Discover to field better offers, though the payments company would pay a break-up fee of 4% if it accepts one.

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Capital Company Payments Cards 41

The Paypers

FEBRUARY 22, 2024

Numeral has announced that it now supports Swift payments, allowing companies and financial institutions to automate cross-border payments with partner banks.

Payments 45

Payments Company 45

American Banker

FEBRUARY 22, 2024

Lenders collected an estimated $25 billion in additional interest income last year by raising the average margin on annual percentage rates, or the amount above the prime rate, according to the Consumer Financial Protection Bureau.

Cards 36

Cards Compliance Regulation 36

The Paypers

FEBRUARY 22, 2024

Switzerland-based cyber protection provider Acronis has announced the launch of an updated version of its product, Acronis Cyber Protect 16.

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Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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American Banker

FEBRUARY 22, 2024

CFO Hope Dmuchowski said investors are growing increasingly nervous about banks that expand their loan portfolios too quickly after the collapse of Silicon Valley Bank and other regional lenders last year.

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Regional Industry 36

The Paypers

FEBRUARY 22, 2024

Cloud-based Verified Financial Intelligence (VFI) platform Valid8 Financial has announced the launch of Stories, a feature that enables users to improve financial fraud investigations.

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Fraud 41

The Financial Brand

FEBRUARY 22, 2024

This article Are Banks Missing the Revenue Potential of Instant Payments? appeared first on The Financial Brand. Faster payments are here, but banks and credit unions could lose out to fintechs and big techs if they don't play it smart. This article Are Banks Missing the Revenue Potential of Instant Payments? appeared first on The Financial Brand.

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Payments Branding Fintech Trends 39

The Paypers

FEBRUARY 22, 2024

UK-based fintech company Revolut has announced the launch of its Robo-Advisor solution in the European Economic Area (EEA) aiming to automate investing.

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Fintech Company 45

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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