Abrigo

DECEMBER 10, 2024

This article covers these key topics: What constitutes elder financial exploitation and why it may be increasing Financial institutions should be familiar with these red flags of elder abuse Enhancing AML programs to account for elder financial exploitation will help Following FinCEN guidance, utilizing fraud detection software, and reporting are crucial Combat elder financial exploitation with tips from FinCEN Demographic considerations and the vulnerabilities of old age put financial instituti

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South State Correspondent

DECEMBER 17, 2024

Community banks (under $10B in assets) serve a key role for borrowers, local communities, and the broader US economy. Community banks are better positioned than many other creditors to follow and adapt to local economies, industries and trends, thereby, being better stewards of capital. Community banks may also serve as buffers for the extreme swings of business cycles not to mention also financing small businesses, some of which succeed to become world-leading enterprises.

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Payments Dive

DECEMBER 20, 2024

The federal agency sued the operator of the pay-by-bank service as well as three bank owners, alleging they let fraud "fester" on the digital system.

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South State Correspondent

DECEMBER 25, 2024

For a Boxing Day promotion, we are giving away 60 days of free usage for up to five bankers at each community bank for our Loan Command application. The objective is to allow you to see the latest profitability of your loans and deposits, on a forward looking basis. In addition, you can check out the latest probability of defaults, loss given defaults, expected losses and volatility for each credit category keeping you up to date on the latest credit changes.

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Gonzobanker

DECEMBER 5, 2024

Will new infusions in the digital banking space translate to real innovation? This year has delivered many that wasnt on our digital 2024 bingo card moments for our industry. Two deals that were very much needed in the market were Candescents (the artist formally known as NCR Voyix) acquisition by Veritas Capital in September for $2.45 billion in cash (plus up to $100 million in contingent considerations) and Lumin Digitals growth equity raise of $160 million led by Light Street Capital, NewView

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Digital Banking Capital UX Innovation 167

Abrigo

DECEMBER 20, 2024

This article covers these key topics: How interest rates are shaping 2025 priorities Rate effects on economy, credit risk, allowances Banks and credit unions look to grow deposits A focus on efficiency and lower expenses Top priorities for managing portfolio risk, assets, and liabilities at banks & credit unio ns Abrigo's Advisory Services team and financial institution clients shared their expectations of key focus areas related to credit portfolio risk, ALM, and other topics.

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TheGuardian

DECEMBER 30, 2024

Relaxing financial rules risks undermining stability, ignoring post-crash lessons and prioritising short-term gains over the long-term health of the economy Rachel Reevess enthusiasm for the City of London the crown jewel in our economy raises concerns. Economists were worried enough to publicly warn her this month that liberalising financial sector regulations could undermine the governments efforts to grow the economy, posing particular risks to the governments wider industrial strategy.

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Payments Dive

DECEMBER 2, 2024

Credit card debt will not slow shoppers down as they spend for the holidays, according to a new survey of U.S. consumers.

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Cards Survey 448

South State Correspondent

DECEMBER 25, 2024

To ring in and celebrate the New Year, check up on your bank’s future financial health. Based on the 2007 to 2010 bank failure experience, we modeled the financial health of every bank using the last 16 quarters of historical performance. We have also created projections for the next 18 months. Each bank has an overall letter grade (below), plus a grade for the individual categories of capital formation/stability, efficiency and profitability.

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Gonzobanker

DECEMBER 12, 2024

The stage is set for a massive leadership transition that will reshape the foundation of the banking industry. Picture this: atidal wave of change comes crashing over the financial services industry, sweeping away the old guard and ushering in a new era of leadership. Fiction? Not if you trust various Industry experts who predict that half of all board and senior management positions will turn over to fresh facesby the end of 2025.

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BankBazaar

DECEMBER 2, 2024

Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax Department. While these regulations are designed to uphold the integrity of the financial system and prevent illicit activities, they are not intended to discourage legitimate transactions. Understanding which transactions might draw scrutiny can help taxpayers avoid unnecessary notices or penalties.

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Taxes Cards Regulation Report 78

Abrigo

DECEMBER 2, 2024

This article covers these key topics: Holiday risks: Thieves target checks in the mail Financial institutions can educate customers about holiday check fraud A staff refresher on check fraud red flags will help Check fraud detection software, collaboration, and reporting are crucial Check fraud risks during the holiday season Holiday check fraud puts financial institutions and their customers or members at risk.

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Fraud Virginia Software Report 195

TheGuardian

DECEMBER 22, 2024

Customers face severe consequences as banks and building societies close accounts typically set up to help vulnerable people People with disabilities are facing potential hardship because banks are scrapping trust accounts that allow money to be managed safely on their behalf. Victims awarded personal injury settlements and those with learning difficulties are among those facing severe consequences as accounts are closed or frozen by high street banks and building societies, according to campaig

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Management Regulation 98

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Payments Dive

DECEMBER 12, 2024

The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.

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Payments 435

William Mills

DECEMBER 17, 2024

If you havent already seen the agencys Tradeshow Guide for 2025 , you will notice that the majority of events tend to be Spring and Fall. However, one exception, and one of my favorite events of the year, is Bank Director's Acquire or Be Acquired Conference which is January 26-28, 2025 in Phoenix, Arizona. Entering its 31 st year, this annual conference enables bank CEOs, board of directors and executive teams to gain a better understanding of the economy, explore opportunities for enhancing sha

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Phoenix Arizona Conference Industry 87

Gonzobanker

DECEMBER 5, 2024

Will new infusions in the digital banking space translate to real innovation? This year has delivered many “that wasn’t on our digital 2024 bingo card” moments for the team at Cornerstone Advisors. Two deals that especially took us by surprise were Candescent’s (the artist formally known as NCR Voyix) acquisition by Veritas Capital in September for $2.45 billion in cash (plus up to $100 million in contingent considerations) and Lumin Digital’s growth equity raise of $160 million led by Light Str

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Digital Banking Marketing Capital Georgia 78

Jack Henry

DECEMBER 2, 2024

When it comes to AI, compliance and accountability are more than regulatory obligations – they are commitments to your accountholders’ trust and the integrity of your financial institution. So, what happens if you don’t have robust AI governance and accountability structures in place? Consequences like regulatory penalties, potential biases in decision-making, and privacy breaches could harm your reputation and lead to financial losses.

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Abrigo

DECEMBER 26, 2024

Financial institutions' will focus on these concerns related to AML and fraud Abrigo asked financial institution clients and our Advisory Services team to identify the top issues for 2025. Heres what they said. Key topics covered in this post: Ensuring compliance with AML/CFT program requirements Enforcement emphasizes staffing Integrating AI to fight AI-generated fraud Cybersecurity and evolving fraud threats AML/CFT program compliance Among the hottest issues facing AML/CFT and fraud staff is

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TheGuardian

DECEMBER 29, 2024

New powers come amid concerns that cyber-attacks and outages could put the countrys financial stability at risk City regulators will begin cracking down in the new year on tech firms providing critical services to UK banks amid concerns that cyber-attacks and outages at companies such as Google or Amazon could put the countrys financial stability at risk.

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Regulation Google Digital Banking Operations 89

Payments Dive

DECEMBER 3, 2024

With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.

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South State Correspondent

DECEMBER 12, 2024

Should borrowers pay commercial loan points to lower future interest payments? Loan or mortgage points are upfront fees paid by the borrower to the lender to reduce the interest rate on a loan or mortgage. For example, assume that a borrower is considering a loan, structured as a 25-year amortization, due in ten years, at 7.00% fixed rate. For this loan, the bank should be able to accept a $36k upfront fee to lower the payment on the loan by 50bps to 6.50%.

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Taxes Examples Payments Analysis 195

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Technology

BankBazaar

DECEMBER 4, 2024

Weddings are more than just ceremonies. They’re larger-than-life productions steeped in traditions, emotions and societal expectations. From keeping up with the Sharmas to chasing Instagram-worthy moments, the pressure to spend big can be overwhelming. But why do we spend so much? Ah, weddings! The grand, glitzy spectacles that could rival even the most extravagant Bollywood sets.

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Trends social media Cards Meeting 78

Jack Henry

DECEMBER 16, 2024

Back in the early 2000s, I faced a devastating situation when the digital banking company I worked for experienced a massive data breach impacting hundreds of financial institutions. At the time, digital banking was new, and many financial institution executives thought the internet was just a passing trend, resulting in caution and fear that digital banking may put their accountholders and financial institution at risk.

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Digital Banking Fraud Trends Fintech 78

Jeff For Banks

DECEMBER 10, 2024

There have been some humbling moments in Top 5 recognitions, with some award recipients failing and one voluntarily liquidating. Although we seek long-term performance in our 5-year lookback to mitigate the risk of banks that stoke performance with risky bets, we are reminded that banking is a long game. Business models built to endure do so over different economic cycles.

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Las Vegas Lending Community Bank North Carolina 70

TheGuardian

DECEMBER 3, 2024

Wealth management employee charged with robbery, attempted murder and arson after home visit to elderly clients The boss of Japanese bank Nomura has apologised and taken a voluntary pay cut after a former employee was charged with robbery and attempted murder of a customer. Kentaro Okuda, who has led Nomura since 2020, will take a 30% pay cut over the next three months, with several other senior managers at the bank taking similar reductions, the bank said.

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Management 103

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