Tue.Aug 06, 2024

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Advanced ATM features: 5 to include

ATM Marketplace

Here are five advanced ATM features that you should include.

ATM 118
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Credit card delinquencies rise even as credit limits are extended

Payments Dive

The two developments stem from greater use of credit cards, and could have implications for some businesses, says a Bain & Company analyst.

Cards 273
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Strategies to Navigate Lending Changes With Agility

Jack Henry

Dive into the Jack Henry™ 2024 Strategy Benchmark to unlock key strategies for navigating today’s dynamic lending landscape and boosting your loan portfolio.

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FIS starts to get its payments mojo back

Payments Dive

Fidelity National Information Services is starting to recharge its card payments business in the wake of selling Worldpay, the company’s CEO said.

Payments 243
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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Big UK banks need to do more to be ready for potential failure, says Bank of England

TheGuardian

BoE warns lenders including Barclays and Standard Chartered in effort to prevent social media-driven runs Business live – latest updates The Bank of England has told big UK banks including Barclays and Standard Chartered that they need to improve their preparations for a potential failure as it pushes banks to rapidly assess their financial position to prevent social media speculation sparking consumer panic.

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USAA agrees to $64M settlement in class action overcharging case

American Banker

The proposed settlement would resolve allegations that USAA violated laws protecting those in the military from excessive interest rates. The bank said it "strongly disagrees" with the allegations.

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Ripple prepares to launch Ripple USD (RLUSD)

The Paypers

Ripple has announced that it is preparing to launch its RLUSD stablecoin for instant cross-border payments.

Payments 101
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The yen carry trade is unwinding, raising U.S. recession risks

American Banker

The Bank of Japan's interest rate hike and plan for quantitative tightening have international markets scrambling to adjust to a new reality in which carry trade credit is tighter and a U.S. downturn is somewhat more likely.

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Global markets show recovery after Monday rout

BankInovation

Global markets are calming today after suffering a rout on Monday on the heels of a weaker-than-expected jobs report in the United States, and the Japanese yen’s reverse carry trade.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Fulton Financial promotes execs as it digests Republic First

American Banker

The parent company of Fulton Bank announced the creation of three new management roles and promoted existing employees into those jobs. The changes follow the recent hiring of an outsider to be CFO.

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Mastercard Open Banking’s Katharina Luschnik to speak at Bank Automation Summit Europe 2024

BankInovation

Katharina Luschnik, vice president for product sales and open banking at Mastercard, will speak at Bank Automation Summit Europe 2024 about how to approach data quality. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss bank automation, payments, AI and data.

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A new balance between private credit and syndicated loans is coming

American Banker

The resurgence of the syndicated loan market signals a pendulum swing back to greater reliance by debt issuers on traditional bank financing.

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Are Private Lenders a Good Option for Flipping Houses?

Commercial Lending USA

This blog will discuss the benefits of using private loans to flip houses. Cover topics like finding the best lender and advice for a successful partnership. We'll also discuss the potential drawbacks and when to consider alternative financing options.

Lending 52
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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Former Nebraska bank president lands in prison for loans to a relative

American Banker

Jack Poulsen, the former president of Ericson State Bank in Nebraska, was sentenced to 18 months in prison for bank fraud involving loans to a relative that led to the rural bank's collapse.

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Daxian and Know Your Customer augment KYB across Luxembourg

The Paypers

Compliance specialist company Daxian has partnered with regtech Know Your Customer to augment compliance and KYB capabilities in Luxembourg.

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Harris VP pick Walz brings progressive but pragmatic edge to campaign

American Banker

Governor Tim Walz, who Vice President Kamala Harris selected as her running mate Tuesday, has a slight but progressive record on financial policy, suggesting a potential leftward shift in banking policy in a prospective Harris administration.

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Inside the tech: nCino’s product development

BankInovation

The road from idea to market can be winding for a product, but tech provider nCino’s strategy is in high gear.

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Auditpalooza: Rocking the Month-End Close Audit

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

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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FIS beats on earnings, raises guidance

American Banker

The bank technology company says client wins are coming in at a fast pace and are driving financial performance.

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Vodeno partners with Aion Bank and BLIK

The Paypers

Vodeno has announced its partnership with Aion Bank in order to provide financial institutions and costumers in the region of Europe with BLIK -as-a-service.

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Wave of new hires speeds Dime's commercial transformation

American Banker

The Long Island-based thrift, long associated with multifamily and CRE lending, saw business lending spike the past year as it onboarded 15 banking teams. Other banks that did significant hiring have also reported more deposits and wider margins.

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Veritas Capital to acquire NCR Voyix's digital banking platform

The Paypers

Digital commerce solutions provider NCR Voyix has signed a definitive agreement with an affiliate of Veritas Capital to sell its cloud-based digital banking business for USD 2.45 billion in cash.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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More Americans are tapping home equity credit lines, NY Fed says

American Banker

High borrowing costs led to fewer mortgage originations in the second quarter, according to the Federal Reserve Bank of New York's Quarterly Report on Household Debt and Credit released Tuesday.

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10x and Zafin join forces

The Paypers

Zafin has teamed up with 10x Banking in a global partnership aimed at accelerating core banking systems transformation and driving innovation in the financial sector.

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Texas Capital Bank hops on private credit boom

American Banker

The Dallas-based bank is the latest bank to announce plans for a direct lending rollout using non-bank capital.

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Savvy Wealth secures USD 15.5 million in Series A round

The Paypers

Technology-enabled wealth management services provider Savvy Wealth has announced that it raised an additional USD 15.5 million in funding in a Series A round.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.