Fri.Jan 20, 2023

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FIS director resigns after appointment last month

Payments Dive

An FIS director resigned last week after being appointed to the board in December, and the payments processor appointed two new directors

Payments 195
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1Q 2023 Loan Pricing Update

South State Correspondent

2022 will go down as one of the worst years for community bank loan mispricing when viewed on a spread basis. Rapidly rising rates crushed performance as many banks held a fixed rate constant and/or booked a fixed rate loan at a misguided level.

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PayPal confirms data breach

Payments Dive

Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained

Data 195
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Fintech partnerships to lead the way in 2023

ATM Marketplace

While initially seen as rivals, banks now view fintechs as partners to build innovative financial tools customers want, while still retaining the trust of a traditional financial institution

ATM 86
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Trust the Software! Doc Gen Automation

A detailed look at why automation is the future of loan documentation and how this technology adds value to the attorney relationships, creating a next-generation workflow.

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Native American neobank Totem takes on its first tribal partner

American Banker

Diversity and equality Fintech Technology

More Trending

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Morgan Stanley cuts Gorman's pay 10% to $31.5 million for 2022

American Banker

Industry News Earnings Compensation

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T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

Dataconomy

T-Mobile data breach 2023 title made the headlines again. T-Mobile has been suffering from data breaches since 2018, and this time 37 million accounts were affected. T-Mobile revealed the hack on Thursday, saying that the unauthorized API access by the attacker dates back to November 25, 2022.

Data 59
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SVB Financial forecasts lower deposits, net interest income for 2023

American Banker

Deposits Earnings Commercial banking

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‘It will affect all of us’: how bank closures have hit one UK town

TheGuardian

In a week when several big banks announced they were axing branches, we talk to locals concerned over effect on elderly and vulnerable people Lloyds and Halifax to close 40 bank branches in England and Wales “I’ve been with them since I left school. I’m really sad it’s going – where do we go now?”

Online 82
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What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. Don’t put your loans at risk. Check out the Infographic.

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Credit unions turn to chatbots and AI for member service

American Banker

Fintech Credit unions

Fintech 58
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Event on January 31 Focuses on Month End Activities for Banks

Banking Exchange

Automation supercharges any process and brings its value to the forefront Technology Financial Trends Lines of Business Feature Human Resources Feature3 Management Digital 1Technology

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Alaska USA to rebrand as Global Credit Union

American Banker

Credit unions Branding

Alaska 58
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Truist acquires BankDirect Capital Finance in Q4

BankInovation

Truist Financial closed its acquisition of finance company BankDirect Capital Finance in the fourth quarter of 2022. The deal for the finance company to operate under the bank’s Truist Insurance Holdings arm was announced Sept. 6, according to a Truist release.

Capital 52
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The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

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Ally is ready for escalation in auto charge-offs, execs say

American Banker

Consumer lending Earnings Consumer banking

Lending 57
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Huntington prioritizes tech initiatives in Q4

BankInovation

Huntington Bancshares is planning to accelerate its automation efforts using savings gained from shuttering 63 branches in 2022. WHY IT MATTERS: Huntington outlined during its August 2022 Investor Day some core tech initiatives, including automating and enhancing the customer experience. “To

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Regions plans to outlast deposit runoff without tapping wholesale funding

American Banker

Economic indicators Deposits Earnings

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Ally looks to tech industry layoffs for potential hires

BankInovation

Ally Financial is looking to capitalize on recent layoffs of tech talent to grow its own digital platforms despite potential economic turbulence to come this year.

Survey 52
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The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

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Goldman shares fall after report of Fed's consumer-focused investigation

American Banker

Goldman Sachs Compliance Consumer banking

Report 56
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Lloyds and Halifax to close 40 bank branches in England and Wales

TheGuardian

Full list of site closures, which will start in April and carry on through into June this year Lloyds and Halifax have become the latest high street banks to announce more branch closures, affecting 40 sites, adding to an industry tally of more than 200 branches shuttering in the coming months.

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Crypto lender Nexo pays $45 million in fines to SEC, states

American Banker

Industry News Regulation and compliance Cryptocurrencies

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Breaking down silos within banks

The Banker

Understanding the efficiency-draining barriers between banks’ departments, let alone breaking them down, requires a personal approach. By Martin Lindstrom

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How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

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Huntington CEO sees pockets of lending strength amid 'mild' recession

American Banker

Lending 44
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UK, Thailand to improve trading

The Paypers

The UK Centre for Digital Trade and Innovation (C4DTI) and the Electronic Transaction Development Agency (ETDA) have partnered to improve trading between the UK and Thailand

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FTX debacle shows risks in current CFTC rulebook, commissioner says

American Banker

Regulation and compliance Politics and policy Cryptocurrencies

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Link raises USD 30 mln to give merchants access to direct bank payments

The Paypers

US-based payments company Link has raised USD 30 million to dat, after a USD 20 million Series A and a USD 10 million seed round, to expand merchants’ access to direct bank payments

US 24
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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.