ATM Marketplace

NOVEMBER 15, 2022

Cryptocurrency has come a long way since its humble beginnings. Is it time for banks to take the plunge into cryptocurrency?

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cryptocurrency 113

ATM Marketplace

NOVEMBER 18, 2022

Some banks are moving exclusively towards mobile banking for 2023, but research reveals customers, including Gen Z still want ATMs.

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ATM Mobile 120

Payments Dive

NOVEMBER 16, 2022

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

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Trends Regulation Payments 455

Independent Banker

NOVEMBER 30, 2022

Photo by Chris Williams. People want to be a part of something bigger than themselves, and community banks provide that opportunity. Community banking is about serving the greater good. As community continuators, we are part of something bigger than ourselves. We support civic clubs, Lions Clubs, the Relay for Life, our local schools and so much more, because these issues matter to the communities we serve.

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Community Bank Community social media Maine 203

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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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Gonzobanker

NOVEMBER 22, 2022

Now is the time for bankers to engage lawmakers in how the crypto and digital asset market shapes up. Picture a 1970s mom making a sarcastic statement to her irresponsible son, “ Well you’ve just earned yourself a weekend of chores.”. Remember back to the creepy Mr. Vernon from the Breakfast Club who, growing tired of Bender (Judd Nelson) talking back to him, declared, “Congratulations, you just bought yourself another Saturday detention.”.

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Regulation blockchain Marketing Strategy 179

CFPB Monitor

NOVEMBER 30, 2022

The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limits for residential mortgage loans acquired by Fannie Mae and Freddie Mac in 2023. Fannie Mae addresses the limits in Lender Letter 2022-06. As was expected based on the significant increase in housing prices during 2022, the limits increased substantially. The standard loan limit for a one-unit home increased from $647,200 in 2022 to $726,200 for 2023.

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Virgin Islands Guam Alaska Hawaii 148

ATM Marketplace

NOVEMBER 1, 2022

Bitcoin and cryptocurrency can often be difficult to understand. A panel of self-service industry experts discussed the technology in detail and debunked several misconceptions.

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cryptocurrency Bitcoin Industry Technology 112

Payments Dive

NOVEMBER 18, 2022

“Congress has a responsibility to bring much-needed transparency and competition” to credit card swipe fees, writes the chairman of the trade association for 7-Eleven franchisees.

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Cards 397

Independent Banker

NOVEMBER 30, 2022

Photo by goir/Adobe. The end of the year is the perfect time to share your appreciation for the hard work and successes of the year gone by. By Lindsay LaNore, ICBA. It’s the end of the year, a time for leaders to reflect on goals, metrics and performance over the past 12 months. It’s a time to set goals and a vision for the year ahead. And it’s also a perfect time to say, “thank you,” and share your appreciation for all the hard work and successes of the year gone by.

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New York City New York Study Course 198

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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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Gonzobanker

NOVEMBER 9, 2022

New approaches to talent and technology are needed to address changes in the wealth management business model. Wealth management and trust clients are some of the most lasting and profitable relationships a bank can attract, but the banking industry is simply missing the opportunity to realize these businesses’ vast strategic potential. As banks experience rate volatility and future increases in their costs of funds, businesses that drive noninterest income like trust and wealth management will

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Management Community Bank Strategy Technology 158

Cisco

NOVEMBER 15, 2022

Venmo, just like Google, has become a proper noun AND a verb. Venmo solved a problem of an individual wanting to pay another individual (or even small business) without having to use cash, check or even debit/credit card. Open banking made this possible. Open banking allows third-party financial services companies to access consumer banking, transaction, and other financial data via the secure use of APIs.

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Innovation Security Innovation Strategies Data 160

CFPB Monitor

NOVEMBER 28, 2022

On November 17, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced in a blog post that it is in seeking to build a new data set that “will allow for a more robust understanding of market trends” in the auto market. According to the CFPB, over 100 million Americans have an auto loan, and auto loan balances (currently estimated at $1.5 trillion nationally) are on pace to surpass student loans as the second-largest debt category in 2023.

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Data Marketing Lending Trends 147

BankUnderground

NOVEMBER 24, 2022

Naoto Takemoto, Simon Jurkatis and Nicholas Vause. In less than two decades, the system of market-based finance (MBF) – which involves mainly non-bank financial institutions (NBFIs) providing credit to the economy through bonds rather than loans – has both mitigated and amplified the economic effects of financial crises. It mitigated effects after the global financial crisis (GFC), when it substituted for banks in providing credit.

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Marketing Policies US Regulation 112

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Payments Dive

NOVEMBER 21, 2022

Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company.

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Cards Company 418

Independent Banker

NOVEMBER 30, 2022

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Community Financial Services Bank, Benton, Ky.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. What great resignation? In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. » LESS THAN $250 MILLION.

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Community Bank Community Montana Leadership 169

ABA Community Banking

NOVEMBER 29, 2022

More than half of community bankers in a recent survey cited small business loans as a high priority in 2022, with most small business owners saying in the same poll that they plan to borrow an average of $2 million over the next two years. The post Survey: Small businesses seeking loan opportunities from community banks appeared first on ABA Banking Journal.

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Community Bank Survey Community Lending 111

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). Since its creation, the Cybersecurity Framework has continued to offer updates and guidance on best security practices. In 2021, the NYDFS cybersecurity department explicitly called out MFA weaknesses as one of the most common gaps exploited at financial services companies.

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Regulation Security System New York 124

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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CFPB Monitor

NOVEMBER 15, 2022

The CFPB has filed a certiorari petition with the U.S. Supreme Court seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. v. CFPB that held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S. Constitution. Given the daunting odds the CFPB would have faced in seeking to have the decision reversed by an en banc Fifth Circuit, it is not surprising that it chose to proceed directly to the Supreme Court.

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Exercises Lending Conference America 148

ATM Marketplace

NOVEMBER 25, 2022

This year's finalists for the 2022 Self-Service Innovation Summit Awards include innovators in payments, vending and more.

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Innovation Payments 121

Payments Dive

NOVEMBER 22, 2022

The news report on workforce reductions at the payments processor follows its announcement earlier this month that it would embark on a $500 million cost-cutting program.

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Report Payments 386

Independent Banker

NOVEMBER 30, 2022

Photo by Chris Williams. How we hire, retain, recruit and advance our missions amid momentous change will remain a key topic for community bank leaders and will influence our plans for the future. December creates a natural opportunity for reflection, and as I look back on our efforts over the past year, I’m struck by one core truth: It’s the people who make the bank.

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Community Bank Tampa Community Meeting 165

Advertiser: Data Robot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

Marketing

BankInovation

NOVEMBER 28, 2022

Wells Fargo is launching a digital-only product that runs on microservices to provide small, same-day loans to clients. The $1.8 trillion bank’s Flex Loan product has been in development since January and was integrated across multiple systems in real time using an API, Abeer Bhatia, CEO of retail financial services and personal lending at San […].

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Lending Retail System 98

ABA Community Banking

NOVEMBER 22, 2022

While borrowers are getting pinched by rising interest rates, senior savers are seeing meaningful returns for the first time in decades, former ABA Chair Laurie Stewart said in an interview on NPR’s “Marketplace” program last night. The post Stewart: Rising rates hit borrowers but bring ‘real money’ for savers appeared first on ABA Banking Journal.

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Community Bank Community 98

CFPB Monitor

NOVEMBER 16, 2022

As the industry continues to digest the Fifth Circuit’s opinion in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau , which held the Bureau’s funding mechanism to be unconstitutional, new litigation illustrates the challenges that the decision creates to the CFPB’s ability to conduct oversight and enforcement.

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New Jersey Community Leadership America 148

TheGuardian

NOVEMBER 12, 2022

Town halls and finance firms say they support LGBT rights but send money to World Cup host where homosexuality is illegal The rainbow flag flew above the Bourne Corn Exchange as South Kesteven council embraced LGBT history month. A year after voting against such a gesture the Lincolnshire local authority declared itself pleased “to celebrate and recognise the […] rights of lesbian, gay, bisexual and transgender people”, hoisting the flag outside its headquarters in 2019.

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Groups 98

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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