The Financial Brand
APRIL 2, 2024
This article How Three Community Bank CEOs Are Tackling Tech, Talent and Deposit Challenges appeared first on The Financial Brand. Community banks find themselves at a crossroads, grappling with the dual pressures of technological advancement and shifting depositor expectations. Three CEOs share their challenges and opportunities, and how they're addressing them.
South State Correspondent
APRIL 4, 2024
The Federal debt is already impacting banking. Cyclical economic changes are driven by business cycles. These changes may occur swiftly, such as interest rate changes, inflation changes, or unemployment rate changes. Cyclical changes and their impact on the economy dominate the news and the attention of corporate boardrooms because they are immediate and need to be addressed in real-time.
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Jeff For Banks
APRIL 4, 2024
This was the question posed to Bank Profitability students as part of the Oregon Bankers' Association's Executive Development Program (EDP). These were up-and-coming bankers, the future leaders of our industry, identifying industry trends that will have the greatest impact on their bank, in no particular order. 1. Interest Rates So many financial institutions had a positive GAP (assets that are maturing or repricing within one year minus liabilities that are maturing or repricing within one year
ABA Community Banking
APRIL 4, 2024
The FDIC has released an updated financial inclusion strategic plan that calls on the agency to take steps to encourage bank lending, investments and services that support healthy communities, including in low- and moderate-income neighborhoods and other underserved communities, FDIC Chairman Martin Gruenberg said. The post FDIC unveils updated financial inclusion strategic plan appeared first on ABA Banking Journal.
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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
TheGuardian
APRIL 1, 2024
It’s regularly being created and destroyed – and economic models that don’t reflect that fact are not even slightly useful Get our weekend culture and lifestyle email In the classic 1946 film It’s a Wonderful Life, depositors demand their money from a small-town building society. Its manager, George Bailey (in an unforgettable performance by James Stewart), explains that the money is not in the building society’s vault; it has been lent to other people in the town.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Gonzobanker
APRIL 4, 2024
While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Is it ready for an IPO? Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. According to the report , Chime has not engaged investment banks to date. The unnamed source is a “person familiar with the matter,” and a representative for the company declined to comment.
Cisco
APRIL 2, 2024
Record-Breaking Security Vulnerabilities in 2023 According to data from Statista , the amount of vulnerabilities recorded in 2023 hit a record number with 29,000 new vulnerabilities reported.
ABA Community Banking
APRIL 5, 2024
What's the CEO-eye view on the U.S. economy, business conditions and the regulatory environment for banks? The post Podcast: The CEO view from Main Street appeared first on ABA Banking Journal.
BankInovation
APRIL 2, 2024
The 2023 collapse of Silicon Valley Bank reminded fintechs and financial institutions of the importance of having a backup loan servicer in the case of a trigger event.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
Payments Dive
APRIL 1, 2024
The settlement gives merchants the ability to surcharge for nearly all Visa and Mastercard credit card transactions, and puts pressure on American Express to allow the same.
Perficient
APRIL 3, 2024
Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Perficient insurance experts were interviewed for Forrester’s report, “ The Top Emerging Technologies In Insurance, 2024 ,” and discussed technologies expected to emerge in the insurance industry over the next five years, considering them now, and in the short-term, medium-term, and long-term future.
TheGuardian
APRIL 4, 2024
Lending to meat, dairy and feed corporations led to ‘significant proportion’ of banks’ emissions, Friends of the Earth found American banks are “sabotaging” their own climate commitments by financing meat, dairy and feed corporations, according to a report. The report analysed funding from 58 US banks to animal protein and feed companies in the form of loans and underwriting, such as share and bond issuance guarantees.
American Banker
APRIL 4, 2024
The Federal Reserve, historically a secretive and isolated institution, has made a concerted effort to explain itself to and be understood by the public since 2008. But try as it might, the central bank is still viewed by many as an enigma, if not an enemy.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
Payments Dive
APRIL 2, 2024
The e-commerce giant will replace the grab-and-go tech with its smart shopping carts in its Amazon Fresh grocery stores, a tech media outlet reported.
William Mills
APRIL 5, 2024
Branded under its new moniker, America’s Credit Unions (following the recent merger of CUNA and NAFCU), the 2024 Governmental Affairs Conference (GAC) was a successful one, bringing together credit unions from across the U.S. and the service providers and technology partners that are helping them better serve their members.
TheGuardian
APRIL 5, 2024
The fuss over an outlawed commercial threatens to obscure the fact that the industry is reaping record profits for a poorer service It’s been quite the year for Hollywood’s humanitarians. Olivia Colman took on pension funds for their role in fossil fuel expansion, Game of Thrones stars Kit Harington and Rose Leslie challenged high street banks’ role in the same polluting activities, and actor Dominic West starred in a Nationwide advert calling out the banks for their sweeping branch closures.
BankInovation
APRIL 4, 2024
TD Bank is experimenting with virtual reality to build practical skill sets through controlled customer simulations, leading to improved employee training. “TD has been experimenting with different immersive experiences for colleagues and customers,” TD Product Manager Kerry Narduzzi told Bank Automation News.
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Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra
Payments Dive
APRIL 3, 2024
The Consumer Financial Protection Bureau received 70,000 card-related complaints from consumers last year, according to a report last week.
American Banker
APRIL 5, 2024
Based on the pace of deals through late March, the banking industry is on track for the most branch sales since 2021. Buyer interest has mounted alongside the need to acquire deposits, following hits to funding bases last year.
TheGuardian
APRIL 4, 2024
Women’s average hourly pay 54% less than men’s in 2023, raising concerns about female representation in senior roles The gender pay gap among UK staff at Goldman Sachs has hit its highest level in six years, raising concerns about a lack of women among the bank’s most senior ranks. Data submitted to the UK government showed that the average hourly pay gap widened at its main UK entity, Goldman Sachs International (GSI), with women receiving 54% less than their male colleagues in 2023.
ATM Marketplace
APRIL 5, 2024
Managing ATMs well and handling cash responsibly can make using cash eco-friendly.
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Payments Dive
APRIL 4, 2024
The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.
American Banker
APRIL 3, 2024
A year ago, the National Community Reinvestment Coalition accused KeyBank of redlining. On Wednesday, the NCRC and Key announced a $25 million "agreement" that NCRC CEO Jesse Van Tol says could open the door to a new community benefits plan.
TheGuardian
MARCH 31, 2024
Exclusive: Whistleblower raised concerns about security of in-branch coin-counter software The Bank of England is examining claims that the high street lender Metro Bank put customers’ data at risk by allegedly misusing software at the centre of a long-running legal dispute. Last month the central bank’s whistleblowing team was contacted by a person raising concerns about the integrity and security of software used to connect Metro Bank’s in-branch coin-counters – known as Magic Money Machines –
ATM Marketplace
APRIL 2, 2024
Wells Fargo shared tips on how to protect ATMs.
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