Thu.Mar 16, 2023

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74% of digital consumer payments will be conducted by non-FI platforms by 2030

BankInovation

LONDON — Consumers continue to utilize embedded payment options regularly— from Amazon purchases to digital wallets and even the Starbucks app. “It’s

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Payments execs detail SVB impact

Payments Dive

The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast

Payments 284
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Client Remediation – Running the Program (Part 2 of 3)

Perficient

Analysis 267
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Fed aims for late end of launch period

Payments Dive

The central bank is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.&

Payments 221
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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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Q1-2 2023 Economic Outlook: Industry Stability following Bank Failures

SWBC's LenderHub

As we have been saying for several of our previous quarterly economic updates, as inflation goes, so goes the U.S. economy. A quick and rapid descent of inflation will take pressure off the Fed to continue raising rates and the possibility of a soft landing improves.

Industry 145

More Trending

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Federal Home Loan bank borrowings jump by another $30 billion

American Banker

Mortgages Commercial lending Regulation and compliance Banking Crisis 2023

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Meijer, Flashfood expand tie-up to include SNAP payments

Payments Dive

The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app

Payments 195
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Can real-time payments offset the next bank crisis?

American Banker

Payments Banking Crisis 2023

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Right To Repair

ATM Marketplace

IT'S YOUR EQUIPMENT, REPAIRING IT IS YOUR RIGHT

ATM 62
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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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First Republic rescue caps 180-degree turn in banking mood for now

American Banker

Deposits Wealth management Banking Crisis 2023

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Credit Suisse shares surge after seeking £44bn lifeline from Swiss central bank – business live

TheGuardian

Rolling coverage of the latest economic and financial news, as Credit Suisse gets central bank support to stem crisis rocking financial markets Credit Suisse: what is happening at Swiss bank and should we be worried?

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Fed's super discount window issues $12 billion of advances in three days

American Banker

Liquidity Regulation and compliance Banking Crisis 2023

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US banks are sacrificing poor communities to the climate crisis | Ben Jealous and Bill McKibben

TheGuardian

It took decades to force banks to abandon racist redlining. We don’t have decades to avert catastrophic climate crisis The collapse of Silicon Valley Bank will bring many forms of fallout. One of the most obvious consequences is that the biggest banks – Chase, Citi, Wells Fargo, Bank of America – will probably get even bigger.

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8 Ways to Torture Your CFO

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things NOT to do when it comes to helping the CFO office support the business.

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Sterling in Michigan pleads guilty to securities fraud

American Banker

Industry News Community banking

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Where does your data go: Inside the world of blockchain storage

Dataconomy

Where is the blockchain stored? This is not the first time someone asked this question. Blockchain technology has significantly transformed the way we store and manage data, providing a secure and decentralized approach to storing sensitive information. Blockchain storage is based on a distributed ledger system, where a network of nodes maintains a full copy […] Blockchain Tech Trends Featured storage

System 56
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NCUA amends its rules to expand access to subordinated debt

American Banker

Credit unions Regulation and compliance Regulatory reform

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CFPB consent order shuts down mortgage lender focused on servicemembers

CFPB Monitor

On February 27, 2023, the Consumer Financial Protection Bureau (CFPB) entered into a consent order against RMK Financial Corporation d/b/a Majestic Home Loan (RMK), a California-based mortgage lender, based on allegations that it falsely implied government endorsement of its home loans in its marketing.

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Shifting Focus in Today’s Market A Commercial Lender’s Guide

With today's market as it is, where should lenders shift focus? We’ll address 4 emerging products for 2023 and tell you the ‘why and the how’ including several lender use cases. Get the Guide

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Not all deposits at other banks are guaranteed, Yellen tells Congress

American Banker

Politics and policy Banking Crisis 2023

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This week’s podcast episode: A deep dive into mass mailings by debt relief law firms

CFPB Monitor

In recent months, debt relief law firms have mailed volumes of cease and desist letters, credit reporting disputes, and debt validation requests to creditors. These mailings, which are typically lacking in credibility, place an undue burden on businesses.

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After win, consumer advocates target another Utah bank over expensive loans

American Banker

FDIC CRA Consumer banking Regulation and compliance

Utah 68
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US banks launch $30bn rescue of First Republic to stem spiraling crisis

TheGuardian

Bank of America, Goldman Sachs, JP Morgan agree to prop up troubled bank after its shares tumbled amid wider turmoil Wall Street’s giants moved to end the US’s spiraling banking crisis on Thursday by agreeing to prop up troubled First Republic, a mid-sized bank whose shares have been pummeled amid a wider banking turmoil.

America 75
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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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Banks' venture capital arms stay the course despite the stresses on startups

American Banker

Fintech Technology Venture capital

Course 53
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Discover democratizes tech with open-source developer platform

BankInovation

Discover Financial Services is democratizing its technology by allowing engineers and outside developers to share their knowledge in a newly launched platform.

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Sen. Brown asks regulators for ‘comprehensive review’ of bank failures

ABA Community Banking

As regulators conduct their reviews, Brown said they should look for “broader vulnerabilities” in the banking system and take steps to mitigate them. The post Sen. Brown asks regulators for ‘comprehensive review’ of bank failures appeared first on ABA Banking Journal.

System 52
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OpenAI Partners With Payment Firm Stripe to Monetize ChatGPT

BankInovation

OpenAI will use Stripe Inc. to take payments and subscriptions for its artificial intelligence tools ChatGPT and Dall-E, which it’s trying to monetize after capturing the public imagination.

Tools 52
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How Automation Can Streamline Your Month-End Close Process

Start the new year with powerful automation for your month-end close and reconciliation process. See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit ready.