South State Correspondent

MAY 9, 2024

As the risk of a recession gets pushed out by the market, so does the risk of credit. This is not to say bank credit is without risk, as higher rates, inflation, and a slowing economy have taken their toll. Three essential credit metrics – probabilities of default (POD), POD rate of change, and POD volatility- materially increased from 2023. In this article, we look at what is happening at the state level, at 30 common industries where credit risk is rising, and at 30 industries where credit ris

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Data Trends North Dakota Capital 195

Payments Dive

MAY 9, 2024

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

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System Payments 417

Jeff For Banks

MAY 9, 2024

Are conferences more than a vacation? Last week I attended two back-to-back banking conferences and it was apparent that attendance was down. This is the likely reaction to banks' profit challenges resulting from net interest margin pressures that are due to slowly repricing loans accompanied by ever faster repricing deposits. Let's tighten our belts to offset revenue decline.

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Conference Community Bank Community Tools 110

The Paypers

MAY 9, 2024

Visa has launched Visa Account Attack Intelligence (VAAI) to combat card testing attacks, reducing fraud and operational losses in real-time for US issuers.

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Fraud US Cards Operations 93

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BankInovation

MAY 9, 2024

Financial institutions that think about efficiency and growth when considering tech spend can respond quickly to merger and acquisition opportunities, Danny Baker, vice president of market strategy at technology provider Fiserv, told Bank Automation News. “Successful banks, when they think about their technology investment, they don’t think about efficiency from a penny-pinching [perspective],” he said.

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Marketing Strategies Strategy Technology Marketing 81

BankInovation

MAY 9, 2024

Investing platform Robinhood added more than $3.4 billion through its automated customer account transfer service in the first quarter, up 100% quarter over quarter.

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Meeting Company Cards Management 59

American Banker

MAY 9, 2024

Banks are turning to the same hyperscalers for cloud computing and generative AI. Some wonder what the consequences will be down the road.

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Technology 85

BankInovation

MAY 9, 2024

Jack Henry invested in automation technology, grew its client base and explored AI during its fiscal third quarter, which ended March 31. The tech provider is working on a cloud-native online deposit and loan account opening solution, Chief Operating Officer and incoming Chief Executive Gregory Adelson said during Jack Henry’s May 8 earnings call.

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American Banker

MAY 9, 2024

Depositors are still flocking to online-only banking platforms offered by companies such as Ally, Capital One and Discover. But overall customer satisfaction took a "statistically significant" drop, according to a new J.D. Power report.

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Digital Banking Capital Online Report 74

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

Bussman Advisory

MAY 9, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post BBVA charges forward with hostile bid for Sabadell | US banks explore multi-asset settlement using DLT | JP Morgan taps Visa for faster payments appeared first on Bussmann Advisory AG.

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US Payments Fintech blockchain 52

American Banker

MAY 9, 2024

The central bank is merely an instrument of Congress when it comes to setting card interchange fees. Only by making lawmakers feel the heat will the industry see meaningful change.

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Cards Industry Policies Compliance 68

The Paypers

MAY 9, 2024

UK-based digital bank Monzo has raised an additional USD 190 million, reaching USD 610 million in funding so far towards expansion and new products.

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Digital Banking 53

American Banker

MAY 9, 2024

Many banks got shares in the lucrative payments network when it went public in 2008. Some of them are now looking to sell in order to offset losses on their sales of underwater bonds.

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Payments 53

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

The Paypers

MAY 9, 2024

UK-based ALT21 has integrated its BankHedge solution with the Temenos banking platform to streamline FX hedging for banks and global multicurrency payments for SMEs.

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American Banker

MAY 9, 2024

The Federal Reserve Thursday released a report on its climate stress test pilot assessing the impact of climate change on big bank portfolios and found that loan defaults could increase as a result of climate events and shifts toward a lower carbon economy.

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Report Policies Compliance Regulation 45

The Paypers

MAY 9, 2024

The United Arab Bank has announced the expansion of its partnership with Network International to include debit card processing within the Network One network.

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Cards 45

American Banker

MAY 9, 2024

The Federal Trade Commission recently blasted two companies for their murky business practices and confusing charges. Industry experts say many digital and recurring payments are inviting more regulatory scrutiny.

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Regulation Payments Industry Company 45

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Realwired Appraisal Management Blog

MAY 9, 2024

For a long time, I’ve had thoughts of: “You’re not good enough. You’re not interesting enough. They’ll see through you eventually.” Many of us have these thoughts – persistent whispers in the back of our minds. The narratives we create about ourselves that shape our reality. These thoughts are wrong.

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US 40

American Banker

MAY 9, 2024

The House advanced a resolution that would roll back a Securities and Exchange Commission resolution that banks argue cuts them out of the crypto custodying business, but President Biden said he would veto it if it passes the Senate.

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Security Policies cryptocurrency 41

The Paypers

MAY 9, 2024

Mastercard has announced its partnership with The BENEFIT Company in order to drive payment optimisation and financial inclusion in Bahrain.

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Company Payments 45

American Banker

MAY 9, 2024

Banco Bilbao Vizcaya Argentaria SA took its offer for Banco de Sabadell SA directly to shareholders, a rare hostile move that the Spanish government said it opposed on concerns over job cuts and reduced competition.

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Industry 36

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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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The Paypers

MAY 9, 2024

Nigeria-based fintech and non-bank credit card issuer O3 Capital has partnered with American Express to issue four new Amex credit cards in Nigeria.

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Capital Cards Fintech 41

American Banker

MAY 9, 2024

A group of 24 institutional investors say a recent pledge by the British bank to restrict financing for companies that focus exclusively on fossil-fuel exploration and extraction doesn't go far enough.

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Groups Company Lending 36

The Paypers

MAY 9, 2024

Thunes has announced its partnership with Pomelo in order to launch a new credit-based digital wallet solution from the US to the Philippines.

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US 41

American Banker

MAY 9, 2024

The next major chance the lawmakers could have on the so-called "swipe fee" legislation will come next year as Congress looks toward a tax package.

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Taxes Policies 36

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