January, 2025

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Transaction monitoring: Data quality in banking makes the difference

Abrigo

Transaction monitoring ensures more than just compliance Without reliable client and transactional data coming into your monitoring system, either manually or automatically, you could miss crucial suspicious activity. This could put your institution at regulatory and reputational risk. Transaction monitoring in financial institutions Financial institutions operate in an environment where even the slightest data discrepancies can create outsized risks.

Data 195
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X teams with Visa on new digital payments tool

Payments Dive

Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.

Tools 459
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The Perils of Interest Rate Risk in Loan Pricing

South State Correspondent

Banks often lose 5% of a loan’s value before a loan is even booked due to interest rate risk in loan pricing. Persistently high inflation and the unknowns in the new administrations implementation of stated policies have translated to rapid increases in long-term interest rates. In a period of rapid change (or high volatility), we see some banks fall into a trap of mispricing their commercial loans.

Policies 195
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Top 5 Digital Trends for Insurance in 2025 – P&C, Life, Annuities, Reinsurance

Perficient

The insurance industry in 2025 is at a pivotal point, with key digital insurance trends leading the charge in transforming how carriers operate and interact with customers. Carriers must innovate, adapt to these changes, and leverage new technologies to maintain a competitive edge. Insurance Trend #1: Building Business Resilience Underwriting actions in response to increased claim frequency and severity are expected to stabilize combined ratios across most property and casualty insurance lines i

Trends 221
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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6 things banks look for in gen AI models and companies

American Banker

At banks like Citi and SouthState, generative AI models are put through additional rounds of testing before they make it into the pilot stage.

Company 85

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Improving bank branch safety, security

ATM Marketplace

Bradley Cooper, podcast host, spoke with Felix Nater, security expert and owner of Nater Associates LTD, about how banks can successfully implement safety plans.

Security 122
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Bank of England delays rules designed to avoid banking crash by a year

TheGuardian

Latest setback, after talks with Treasury, blamed on lack of clarity about implementation in US Business live latest updates The Bank of England has delayed the introduction of tougher global banking capital rules by a further year to prevent another 2008-style crash, blaming the second delay on a lack of clarity about its implementation in the US.

US 84
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Resources for banks to assist customers, employees affected by California wildfires

ABA Community Banking

The ABA Foundation offers resources for bank customers and employees on how to recover financially from disasters and on how to avoid scammers who prey on disaster victims and people seeking to donate to recovery efforts. The post Resources for banks to assist customers, employees affected by California wildfires appeared first on ABA Banking Journal.

Resources 111
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European central banks to advance instant payments between currencies

The Paypers

The ECB , together with the Riksbank and Danmarks Nationalbank , have been focusing on an initiative that facilitates instant payments between currencies.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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AI promises 2025 advances for payments industry

Payments Dive

The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offers a defense against rising fraud.

Industry 468
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5 Ways suspicious activity monitoring services can bring staff relief

Abrigo

Taking a vacation is often a well-deserved break, but for financial crime professionals, it can trigger significant stress. Fraud and AML/CFT suspicious activity monitoring is a cornerstone of any AML program and a critical part of a financial institutions safety and soundness. However, compliance departments are frequently understaffed. Unexpected disruptions like turnover or family leave can exacerbate an already challenging workload for staff.

Fraud 221
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How To Use Gen AI for Strategic Planning in Banking – Part I

South State Correspondent

As you approach strategic planning season, one topic that will surely come up is your strategy for generative AI (gen AI). Luckily, you can turn to gen AI to help you in your planning, as the strategic process is just one of the many bank processes that bankers can improve with this technology. This article presents our six-step framework for getting started, discusses using AI for strategic planning, and looks at some of its strengths and risks.

How To 195
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Expertise as Currency: How Thought-Leadership Helps You Close More Deals!

Perficient

Its difficult, in the consulting services industry, to explain the requirement for existence of a core thought leadership group to augment the sales and marketing teams that are tasked with collection of logos. In todays hypercompetitive and fast evolving marketplace, the lines between thought leadership and sales are increasingly intertwined… Thought leadership, when done right, isnt just about looking and talking smart (though thats nice).

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Pulaski Savings Bank closed in Chicago

ABA Community Banking

Illinois regulators closed Pulaski Savings Bank of Chicago and appointed the FDIC as receiver. Millennium Bank of Des Plaines, Illinois, agreed to assume all deposits and most of its assets. The post Pulaski Savings Bank closed in Chicago appeared first on ABA Banking Journal.

Chicago 116
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Why voice interaction is the future of self-service

ATM Marketplace

Voice technology and its transformative potential took center stage at the Self-Service Innovation Summit 2024, hosted by Networld Media Group in Miami, Florida.

Miami 118
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Block agrees to pay $255M to regulators for Cash App deficiencies

Payments Dive

The digital payments provider agreed to pay penalties to the Consumer Financial Protection Bureau and a group of states under settlements that alleged the company violated banking laws.

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Trends in commercial real estate (CRE) lending and risk

Abrigo

CRE origination, refinancing, and pricing challenges Experts from Trepp and Abrigo describe recent origination and delinquency trends in commercial real estate portfolios. They also share tips for managing risk and pricing. Key topics covered in this post: The big-picture view of CRE from Trepp Trepp bank consortium originations are 58% below pre-COVID averages Rising delinquency rates, especially in specific markets How to manage CRE risk and pricing Changes in the commercial real estate marke

Lending 221
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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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Community Banks Often Take Risk Without Reward

South State Correspondent

Most bankers would refuse to accept risk without reward (or revenue). It would make no sense to risk the banks capital without adequate compensation. However, some banks are inadvertently taking risk without any additional revenue. The yield curve is currently flat, and the average community banks cost of funding is highly correlated to Fed Funds and SOFR (the industrys average is over 90% with a about a 6-month lag).

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JP Morgan Chase requires all workers to return to office five days a week

TheGuardian

Executives acknowledge not everyone will agree with this decision as bank calls time on remote and hybrid working JPMorgan Chase is summoning all staff back to the office, becoming the latest corporate giant to call time on era of remote and hybrid working sparked by the Covid-19 pandemic. The USs largest bank, which has some 316,000 employees worldwide, announced on Friday that all workers on hybrid work schedules will be required to return to the office five days a week from March.

US 107
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Wells Fargo's co-CEO of corporate and investment banking steps down

American Banker

Jon Weiss, Wells Fargo's co-CEO of corporate and investment banking resigned from his position with plans to retire; A new CFPB report says military service members paid more for auto loans and add-on products; City National Bank's Kelly Coffee is leaving the bank after her 2023 demotion; and more in this week's banking news roundup.

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What are the advantages of using cash?

ATM Marketplace

What's the advantage of cash in 2025? Read more to find out.

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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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Shift4 makes $4.7M in undisclosed payments to executives’ relatives

Payments Dive

The payments were made over a three-year period beginning in 2020, and were not listed in some filings with the Securities and Exchange Commission. As a result, the company agreed to pay a fine under a settlement last week.

Payments 434
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Crypto scams & crypto fraud detection for financial institutions

Abrigo

Protect banking clients by knowing crypto trends and red flags The turbulent cryptocurrency scene should put bankers on high alert. The FTC's top ten scams to watch for can help. You might also like this whitepaper, "Understanding cryptocurrency." DOWNLOAD WHITEPAPER Growing popularity What is driving the rise in crypto fraud? Takeaway 1 Crypto fraud is the newest and most favored field in potential financial gains for bad actors.

Fraud 195
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Are Credit Tenant Loans Profitable?

South State Correspondent

A credit tenant loan (CTL) is typically structured as a loan secured by the real estate pledged as collateral, with or without personal borrower guarantees, and, most importantly, the obligation of a credit-rated tenant of that real estate to pay rent. These loans have both bond and loan qualities. They are like a bond in that the credit-rated tenant has an obligation to pay rent and this is typically a senior obligation of the tenant.

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Reeves bids to intervene in car finance case that could cut lenders’ £30bn bill

TheGuardian

Shares in Lloyds and Close Brothers rise as Treasury seeks to tell court that lawsuit could cause economic harm Business live latest updates The chancellor, Rachel Reeves, has launched a rare bid to intervene in a supreme court hearing in the car finance commission scandal that could reduce the 30bn-plus compensation bill lenders currently face. Shares in Lloyds and Close Brothers, two of the biggest providers of motor finance, surged on Tuesday after the Treasury submitted an application to th

Industry 111
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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.