Mon.Apr 29, 2024

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Do the 5 C’s of Credit Still Matter?

Jack Henry

Technology is making an impact on credit and risk management. Click to learn how credit risk tools can be sharpened to meet the demands of the work and make solid loan decisions.

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Core banking modernization: Unlocking legacy code with generative AI

Accenture

Early trials with generative AI show that the tangle of legacy code that hinders every aspect of the transformation of banks’ core products and services could be quickly and effectively resolved. By Alvaro Ruiz, Global Core Banking Lead, Accenture. At the heart of most traditional banks is a mainframe computer running the software that defines… The post Core banking modernization: Unlocking legacy code with generative AI appeared first on Accenture Banking Blog.

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How Love’s is remaking stores and checkout

Payments Dive

The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.

Report 222
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BNP Paribas, Deutsche Bank embrace cost discipline in Q1

BankInovation

European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean into their tech investments. “We are maintaining our cost discipline,” Deutsche Bank Chief Executive Christian Sewing said during the $578 billion bank’s first-quarter earnings call April 25.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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NRF objects to Visa-Mastercard settlement

Payments Dive

The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.

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Q&A with Jack Henry’s Nicole Harper on financial literacy

BankInovation

Technology provider Jack Henry leans into its financial health training and offerings during April — Financial Literacy Month.

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Commercial Construction to Permanent Loans - Build Smoothly and Smartly

Commercial Lending USA

Commercial construction to permanent loans make getting money for your dream project easy. You can get the amount that you need for your dream commercial space without all the hassles that come with other loan options.

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The Fed is talking, but markets still hear what they want to hear

American Banker

Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.

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Fintech funding drops to four-year low in Q1

BankInovation

Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital and a change in priorities for investors. Global fintech funding clocked in at $7.

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New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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Michigan credit union helps members borrow from friends and family

American Banker

Michigan State University Federal Credit Union is working with the relationship-based lending app Zirtue to offer members a tool for outlining lending agreements and repayment plans.

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The Bank of London launches GenAI assistant

The Paypers

The Bank of London has announced the launch of its GenAI assistant to address general and technical difficulties in real-time and aid enterprise API integration.

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Meet the bank that's replacing every debit card with wood

American Banker

GLS had already stopped issuing first-use plastic as of 2018, but it wasn't enough for the eco-minded German bank. Fake plastic still looks and feels like plastic.

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Glances: Bridging the Trust Gap in Banking

Realwired Appraisal Management Blog

Let’s talk trust. Not the warm and fuzzy kind, but the kind regulators demand – the kind that keeps the FDIC and OCC off your doorstep with their clipboards and furrowed brows. In banking, trust boils down to risk management. You’ve got policies, procedures, a mountain of acronyms (KYC, AML, BSA, anyone?

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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UMB Financial to acquire Heartland Financial for $2 billion

American Banker

The combination of the two regional banks is set to create a $64.5 billion-asset company with a 13-state footprint across parts of the Midwest, South and West.

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HSBC chief Noel Quinn to step down after ‘intense’ five years

TheGuardian

Bank says it has started search for a successor as it reports quarterly profits beat forecasts Business live – latest coverage The chief executive of HSBC, Noel Quinn, is unexpectedly stepping down after an “intense” five years in the role, as the bank reported better-than-expected profits. Europe’s largest bank has kicked off a search for a successor and said Quinn, 62, will stay in the post until a new chief executive is found.

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Hope Bancorp to buy Hawaii bank in $79 million deal

American Banker

The Los Angeles-based company, which focuses on Korean Americans, said the acquisition of Territorial Bancorp will allow it to expand its customer base.

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Applications available for Bank Enterprise Award Program

ABA Community Banking

The CDFI Fund has kicked off the application process for the 2024 funding round of the Bank Enterprise Award Program. The post Applications available for Bank Enterprise Award Program appeared first on ABA Banking Journal.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Yes, your bank has a supply chain, and it's fraught with risk

American Banker

Extensive partnerships with third-party service providers, fintechs and other partners are the banking equivalent of a supply chain, and bankers need to be clear-eyed about assessing the risk associated with them.

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Alipay+ enables digital payments to 14 overseas e-wallets

The Paypers

Alipay+ has announced the initiative to enable digital payments of 14 international e-wallets from 9 countries in Hong Kong, aimed at the city’s global travel drive.

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SBA's push to revive an old idea

American Banker

Isabel Casillas Guzman, administrator of the Small Business Administration, wants the agency to get involved in direct lending, a practice that was discontinued during the Clinton administration. Congress has not embraced the idea, to put it mildly.

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Nubank launches of Nubank+ and partners with Max in Brazil

The Paypers

Brazil-based financial services platform Nubank has released Nubank+ to offer users cashback, free withdrawals, and free streaming via a partnership with Max.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Fulton details Philly boost it's getting from Republic First takeover

American Banker

The first bank failure of 2024 will result in the Lancaster, Pennsylvania-based Fulton nearly doubling deposits in Philadelphia, a market it has viewed as strategically important for several years.

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Paysafe launches Pay by Bank for iGaming

The Paypers

Paysafe has launched Pay by Bank for iGaming, a new solution allowing online bettors in the US to instantly and securely fund deposits at operators’ cashiers.

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Why Wellness Tech Will Redefine the Race for Deposits

The Financial Brand

This article Why Wellness Tech Will Redefine the Race for Deposits appeared first on The Financial Brand. Banking institutions need to grow deposits, but what if they could grow deposit balances as well? Here’s how financial wellness tech will define future deposit competition. This article Why Wellness Tech Will Redefine the Race for Deposits appeared first on The Financial Brand.

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Monzo to finalise GBP 500 million fundraising

The Paypers

UK-based digital bank Monzo has announced the process of finalising a new GBP 500 million expanded funding, through a strategic deal with tech investor Hedosophia.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.