Payments Dive
JUNE 5, 2023
Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.
South State Correspondent
JUNE 5, 2023
Community bank cost of funds is jumping up. As shown in the graph below, the net interest margin (NIM) for community banks declined 22bps in Q1’23. Most of that NIM erosion is the result of a sharply higher cost of funding earning assets (COF). The question is – what will happen to community bank’s cost of funds from here? The graph below shows community bank cost of funds compared to those banks over $25B.
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Payments Dive
JUNE 5, 2023
The card company is “putting a lot of time and effort” into preventing customers from being victims of those scams, CEO Steve Squeri said.
Abrigo
JUNE 5, 2023
Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. You might also like this webinar: "Identifying emerging CRE credit risk red flags" WATCH Takeaway 1 Financial institutions face increased scrutiny over their risk management following recent bank failures.
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Unlock the secrets to optimizing returns while navigating complex state regulations. With this webinar, gain exceptional insights from industry leaders, each with vast experience and expertise in commercial lending. They will delve into critical aspects of managing default rates in today’s dynamic lending landscape, including the formidable task of managing default rates across diverse states, each with its own legal intricacies and restrictions.
Payments Dive
JUNE 5, 2023
The regulator alleged high-value U.S. customers were secretly allowed to trade on Binance platforms after the company said otherwise, and that controls allowed customers’ funds to commingle.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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Payments Dive
JUNE 5, 2023
The discussion draft, which addresses how digital assets can be defined, represents the most comprehensive federal legislative development in the crypto sphere this year.
Ublocal
JUNE 5, 2023
Working capital is the lifeblood of any business, but it can be challenging for small business owners and entrepreneurs to get conventional financing. SBA loans were created to fill that gap. Contrary to popular belief, SBA loans aren’t just for start-ups or businesses that get turned down for conventional loans. SBA loans offer a variety of benefits, such as more flexible lending terms, and they can be a gateway to obtaining conventional financing in the future.
Payments Dive
JUNE 5, 2023
Nevada this past weekend became one of the few states to pass legislation directed at policing the expanding earned wage access industry.
Dataconomy
JUNE 5, 2023
Regression in machine learning involves understanding the relationship between independent variables or features and a dependent variable or outcome. Regression’s primary objective is to predict continuous outcomes based on the established relationship between variables. Machine learning has revolutionized the way we extract insights and make predictions from data.
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Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.
CFPB Monitor
JUNE 5, 2023
The CFPB has published a document on its website that “communicates the extent to which the Equal Credit Opportunity Act (ECOA) and its implementing Regulation B apply with respect to franchises seeking credit to finance their businesses.” The document also addresses the application of the CFPB’s Section 1071 rule on small business lending to franchise financing.
BankInovation
JUNE 5, 2023
These days, financial institutions have a great deal more to manage than their customers’ money. They must also manage their customers’ personally identifiable information safely and in accordance with an increasing number of regulations — data that makes this sector attractive and therefore more susceptible to cybercriminal attention.
CFPB Monitor
JUNE 5, 2023
Pursuant to section 1473(q) of the Dodd-Frank Act, a group of federal agencies have proposed a quality control rule for automated valuation models (AVMs). The agencies are the Comptroller of the Currency, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation, Federal Housing Finance Agency, Federal Reserve Board and National Credit Union Administration.
Dataconomy
JUNE 5, 2023
According to leaks, the Midjourney v6 release date is soon, and its new features are about the change our perspective on generating images again. Even though Midjourney v5 was just recently released, development has already begun for Midjourney v6. If you’re eagerly anticipating the release of the next edition of Midjourney, the AI-powered platform that allows you to generate stunning images from text prompts, you’re not alone.
Advertiser: ZoomInfo
Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr
American Banker
JUNE 5, 2023
The blockchain company bets its experience with cross-border payments is transferable to stablecoins and central bank digital currencies.
Dataconomy
JUNE 5, 2023
The latest “social media chroming challenge” has infiltrated popular platforms like TikTok, captivating a vast number of individuals who are actively engaging in online discussions surrounding this phenomenon. While these conversations shed some light on the challenges linked to this trend, it is imperative to delve deeper into the intricacies of this current craze and comprehend the underlying factors propelling its sudden surge in popularity.
American Banker
JUNE 5, 2023
The 50 companies that made American Banker's annual list share insights into what makes their workplace culture enticing for potential new hires and current staff members.
Dataconomy
JUNE 5, 2023
One of the biggest torrent websites in the world recently bid farewell to the industry, and many users are now left in limbo, trying to find alternatives to continue using the service. It is an unstable business, and even the top ones can go down unexpectedly, which means that you need to stay up-to-date all the time. Today, we will tell you some of the best websites that you can use instead of the recently-closed website.
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With the number of loans maturing over the next couple of years, time is of the essence and automation is imperative. Loan modification automation empowers lenders with advanced technology to handle a high volume of loans when needed most. Shifts in the market, combined with over a trillion dollars in commercial loans maturing in 2023, intensify the need for automated documentation solutions.
American Banker
JUNE 5, 2023
If history is any guide, periods of disruption in the industry are followed by regulatory resets, which in turn force banks to compete for the talent needed to meet new compliance demands.
TheGuardian
JUNE 5, 2023
Record 19% of all loans taken out by first-time buyers in March were for 35 years or longer Business live – latest updates Mortgage market misery has stepped up for homebuyers as lenders continue to increase borrowing rates and pull deals , prompting record numbers to take out loans of more than 35 years in an attempt to make monthly payments more affordable.
American Banker
JUNE 5, 2023
During last year's proxy season, 14 large and midsize banks reported granting special awards in an effort to retain C-level executives. So far this year, just four banks have done so, reflecting a gloomier economic outlook, consultants say.
BankInovation
JUNE 5, 2023
For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down. About two thirds of the more than 50 Wall Street firms covering the digital-payments company has a buy or equivalent rating on the shares, according to data compiled by Bloomberg.
Advertiser: ZoomInfo
In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.
American Banker
JUNE 5, 2023
The Consumer Financial Protection Bureau issued only 20 enforcement actions in 2022, but some observers say the enforcement numbers belie the results that director Rohit Chopra is getting from other ways of holding companies accountable.
FICO
JUNE 5, 2023
Home Blog Feed test Reinventing Device Financing for Telcos To win an edge in the ultra-competitive telco marketplace, providers’ ability to harness the power of mathematical optimization and simulation is a key differentiator Thu, 05/04/2023 - 04:30 JenniferPiccinino@fico.com by Matt Stanley Vice President, Analytics Sales expand_less Back to top Mon, 06/05/2023 - 09:40 Typical device financing or paying for an up-front device on a contract / pay-as-you-go model, has been a norm in the develope
American Banker
JUNE 5, 2023
Workers at the former CUNA Mutual Group in Madison, Wisconsin, returned to work after securing tentative agreements on two of their five key demands.
BankInovation
JUNE 5, 2023
TD Bank’s small business ops look to speed of operations, reusability, ability to update and cost to upgrade when determining when it’s time to modernize.
Speaker: Data Robot
Enterprise AI maturity has evolved dramatically over the past 5 years. Most enterprises have now experienced their first successes with predictive AI, but the pace and scale of impact have too often been underwhelming. Now generative AI has emerged and captivated the minds and imaginations of leaders and innovators everywhere. Join our DataRobot experts to reflect on lessons learned from helping hundreds of enterprises grow their AI maturity over the past 5 years.
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