Thu.Jan 26, 2023

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Visa stands by crypto

Payments Dive

At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO

Meeting 468
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Commercial banking top trends in 2023

Accenture

The world of commercial banking faces uncertainty today. As a result, it is difficult to make confident decisions about the medium-to-long term. However, Accenture believes commercial banks have an opportunity to reinvent themselves and reposition for the future.

Trends 421
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DailyPay lands $260M in debt financing

Payments Dive

The early wage access provider has been raising capital to fund expansion in the U.S. and internationally

Capital 243
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Modernizing the Property Valuation Process: Part 2

SWBC's LenderHub

As we discussed in Part 1 of Modernizing the Property Valuation Process , the housing market has experienced dramatic changes that have presented many challenges for appraisers. Although the market has shifted, the challenges remain.

Marketing 148
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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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Warren calls for more regulation of crypto

Payments Dive

The Democratic senator called SEC Chair Gary Gensler “the right leader to get the job done,” but said regulators need to do more to bolster their scrutiny of the industry

More Trending

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FIS sees another director resign

Payments Dive

A second director resigned this month from the mega payment processor’s board as it undertakes a comprehensive review of its operations

Payments 221
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CFPB Hosts Hearing On Appraisal Bias

CFPB Monitor

The CFPB recently hosted the first hearing of the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (“ASC”) on appraisal bias. The hearing was led by CFPB Deputy Director Zixta Martinez and ASC Executive Director Jim Park. HUD Secretary Marcia L.

Lending 147
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Analyzing a16z’s fintech investment strategy: Where did the VC place its biggest bets in 2022?

CB Insights

The fintech industry took a hard hit in 2022 as investors scaled back their investments amid market turmoil. However, some top investors like Andreessen Horowitz (a16z) remained active in the space across various deal stages, valuations, geographies, and sub-industries.

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Location, location, location? How UK housing preferences shifted during the pandemic

BankUnderground

Martina Fazio and Gary Harper During recessions, and indeed pandemics, housing prices usually fall. Yet between March 2020 and December 2021 (‘the pandemic’), housing prices grew in the UK, reaching at the time their highest growth rate in a decade.

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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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Webster CEO touts recent deal for deposit-gathering platform

American Banker

Deposits Earnings M&A

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Bankers’ pay rises three times as fast as nurses’ since 2008 crash, TUC finds

TheGuardian

Government lifted cap on bankers’ bonuses in September, allowing them to ‘help themselves’ to unlimited payouts, TUC said Bankers’ pay has risen more than three times as fast as nurses’ pay since the 2008 financial crisis, according to an analysis by the TUC, which said low paid nurses are being forced to rely on handouts from food banks.

Analysis 111
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Visa's CEO: Falling fintech valuations a 'helpful characteristic'

American Banker

Earnings Payments

Fintech 81
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NatWest to close another 23 branches in England and Wales

TheGuardian

High street banks have now announced 87 closures so far this year – see full list of NatWest closures below NatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already announced this month. The sites will close in the first half of this year.

Online 105
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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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Despite headwinds, Mastercard reports strong consumer spending

American Banker

Earnings Payments

Report 81
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TSB staff and bosses to share £29.8m bonus pot after record profits

TheGuardian

Most employees will receive bonus worth almost 12% of pay for 2022, while CEO will be handed £782,000 TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the bank’s annual profits to record highs.

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North Dakota credit unions want a longer leash

American Banker

Credit unions

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Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

Dataconomy

Google code red was issued, and the tech giant is quite right to be worried. You already know the rise of ChatGPT and how it can be powerful. But did you know there is already an AI-powered search engine called You.com or the new front that is opening up in the Google vs Apple silent […] News Artificial Intelligence AI Apple chatgpt Google

Google 62
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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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Office loans spark scrutiny at First Citizens, Webster

American Banker

Earnings Commercial lending Commercial banking

Lending 77
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Prioritizing 8 technologies helping wealth managers and financial advisors maintain a competitive edge

CB Insights

With the rise of retail investment platforms, the investment landscape has changed dramatically in the last decade. These solutions allow individuals to bypass institutional investors and control their own portfolios, offering a cheaper, faster, and more hands-on experience.

Trends 55
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Commonwealth, Chase renew research on tech for low-income Americans

American Banker

Diversity and equality Artificial intelligence Technology

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Transform your data into a competitive advantage with AaaS

Dataconomy

Analytics as a Service allows organizations to outsource their analytics needs to specialized providers, giving them access to advanced analytics tools and expertise without the need for expensive infrastructure or dedicated staff. The era of “as a service” business models has brought about a significant shift in the way organizations approach their operations and decision-making. […] BI & Analytics Data Science data analytics Featured

Tools 55
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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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Auto lending practices draw regulatory scrutiny for USAA

American Banker

USAA OCC Auto lending Regulation and compliance

Lending 72
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Banking trade groups highlight CFPB SBREFA obligations for credit card penalty fees rulemaking

CFPB Monitor

In a letter to Director Chopra , five banking trade groups address the CFPB’s obligation to comply with the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA) before proposing a rule on credit card late fees and late payments.

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Energy drives BOK Financial's growth, but health care is a potential concern

American Banker

Industry News Earnings

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CFPB files opposition to CFSA cross-petition for certiorari; payment processor trade group files amicus brief in support of cross-petition

CFPB Monitor

The CFPB has filed its brief in opposition to the cross-petition for certiorari filed by Community Financial Services Association (CFSA). The CFPB’s certiorari petition seeks review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. CFPB.

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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.