Tue.Jan 18, 2022

Crypto Exchange BitMEX to Buy 268-Year-Old German Bank to Deliver ‘Banking 2.0’

PYMNTS

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”.

Examining future ATM trends in 2022

ATM Marketplace

Where are ATMs headed in 2022? Read to find out

Trends 114
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Onbe: 2021 Was the Year of Adaptability

PYMNTS

Last year saw workers around the world move out of survival mode and dedicate themselves to finding solutions to meet the needs of our new reality. Onbe CEO Bala Janakiraman expects that innovation to continue as more organizations embrace the digital transformation that working remotely requires.

eBook 149

How to Improve Branch Performance & Streamline Branch Operations Processes

Strategically Speaking

The last two years have called for undeniable change in the financial industry. They’ve called for forced branch closures, highlighted the importance of contact centers, and accelerated adoption of digital channels.

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.

U.K. Treasury Increasing Cryptocurrency Ad Regulations

PYMNTS

The U.K. Treasury said Tuesday (Jan. 18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report.

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Market Commentary: Week of January 18, 2022

SWBC's LenderHub

Last Week. Last week was “all inflation all the time," with a little bit of disappointing large bank earnings thrown in. On Tuesday, we got the headline CPI number for December printing at an optically ugly (but anticipated) seven percent.

Are You Already Planning to Reforecast Your Loan Loss Projections for 2022?

Perficient Digital Transformation

Everywhere you look and read, we are reminded of the key drivers behind the rising debt and delinquencies Americans face, as well as indications there’s much more to come: Inflation increased at the fastest rate in 40 years over the last twelve months, exceeding expectations, the Labor Department announced on January 12, 2022.

Small banks set to go live with bitcoin trading

American Banker

Digital banking Digital currencies Banking Transformation Community banking

Citigroup touts 5,500 more tech workers, increased tech spend in 2021

BankInovation

Citigroup added 5,500 technology workers and increased its tech spend 10% to about $10 billion in 2021. The $2.9 trillion bank reported $3.3 billion in net income for the fourth quarter of 2021, down from $4.3 billion in Q4 2020. Tech and communications spending reached $2.1

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Creating a Culture of Compliance: Ultimate Business Growth

Banking Exchange

Pseudo-anonymity and decentralization are main characteristics of cryptocurrencies Compliance Compliance Management Compliance/Regulatory Feature3 Feature Bank Performance Cryptocurrency Bitcoin Blockchain Cyberfraud/ID Theft Security. 1Compliance

Wells Fargo to enhance mobile banking for consumers and small businesses

BankInovation

Wells Fargo will continue to drive its digital capabilities in 2022, building around an enhanced mobile banking suite and rapid growth in real-time payments during the previous year. The $1.95 trillion bank reported fourth-quarter 2021 revenue of $20.9 billion, up 13% year over year.

Regulators give conditional approval to SoFi’s bank purchase

American Banker

Fintech M&A Regulation and compliance Cryptocurrencies

Listen: Banks expect digital banking product delivery to see most innovation

BankInovation

In this episode of "The Buzz" podcast, hear how executives in retail digital banking are least confident in their organizations' ability to create a well-defined innovation strategy and measure the results. Over the next five years, banks expect most innovation to happen in product delivery.

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

BNY Mellon expects fee income boost from rate hikes

American Banker

Interest rates Earnings Commercial banking Cryptocurrencies

‘DeFi’ decentralization promise is an illusion, BIS chief says

BankInovation

Advocates of a decentralized future of money based on distributed ledger technology are chasing an illusion, according to Bank of International Settlements General Manager Agustin Carstens.

Truist joins industry's pivot away from overdraft fees

American Banker

Earnings Consumer banking Regulation and compliance

Lift and Replace: How SHAZAM Pivoted and Found New Success with OperationsBridge™

ATM Marketplace

SHAZAM embarked on a lift and replace software journey with ESQ Business Services, Inc. The goal was to find an innovative ATM/self-service monitoring and management platform that would offer its clients a better experience for their ATM fleet management operations

ATM 61

A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

Understand how to mitigate risk & protect the interest of all parties with this exclusive, must-have guide outlining important issues for commercial construction lending & best practices.

Wells Fargo taps longtime executive as its next chief risk officer

American Banker

Industry News Risk management Career moves

Bankers at Goldman Sachs reap rewards as profits more than double to $27bn

TheGuardian

Pay and bonuses for each employee averaged just over $400k for 2021, up $75k on the year before Goldman Sachs paid its 43,900 bankers more than $17bn (£12.5bn) last year, a 33% increase on 2020 as the investment bank celebrated a more than doubling of pre-tax profits to $27bn thanks to frenzied dealmaking on both sides of the Atlantic.

Taxes 68

Amazon to reverse proposed U.K. ban on Visa credit cards

American Banker

Payments

Cards 58

How Data Can Dramatically Alter the Overdraft Landscape in Banking

The Financial Brand

Instead of reacting defensively to competitive or regulatory pressures, technology lets banks and credit unions proactively assist customers. The post How Data Can Dramatically Alter the Overdraft Landscape in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

CMBS Lending on the Rise: Uncover 10 Common Myths of Securitized Lending

CMBS Lending is an established and growing industry that is, once again, rising to the top as a significant source of permanent loan financing. Learn the truth about CMBS lending and why it might be the best financing solution.

The year crypto will become a must-have for banks

American Banker

Digital banking Banking Transformation

EBA discusses payment fraud under PSD2 directive

The Paypers

The European Banking Authority (EBA) has published a Discussion Paper on its preliminary observations on selected payment fraud data under the Payment Services Directive (PSD2

Data 28

Old National expects deal for First Midwest to close soon

American Banker

Earnings M&A Consumer banking

Envestnet | Yodlee and The Pension Lab join forces to view all pensions in one place

The Paypers

Data aggregation and analytics platform Envestnet | Yodlee has partnered with British pension fintech provider The Pension Lab to provide aggregated financial data to all employees looking to know more about their pensions

The 5 Stages of Account-Based Marketing — and How to Win Them All

Successfully complete the five stages of ABM: define, identify, engage, convert, and connect. We’ll show you how to create a unified system with your sales team to help them land more qualified opportunities and connect with prospects like never before.