Sat.Nov 23, 2024 - Fri.Nov 29, 2024

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Remember the global financial crisis? Well, high-risk securities are back

TheGuardian

The shadow banking sector is trying its hand at trading in debt-based products such as collateralised loan obligations When Margot Robbie made a surprise cameo in the 2015 film adaptation of Michael Lewis’s book The Big Short , she did more to educate the general population about the risks of securitisation than most financial experts. The Australian actor’s brief monologue, notoriously delivered from a champagne bubble bath, explained how banks were bundling up their growing cache of risky sub-

Security 111
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NCUA has a regulatory blind spot; Congress must act to eliminate it

American Banker

The National Credit Union Administration lacks the authority to regulate third-party vendors that supply vital services to the industry. This creates a major risk to credit union customers and the broader U.S. economy.

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Contactless Payments Go Mainstream

ATM Marketplace

Contactless payment technology has become a critical tool for both consumers and businesses in today’s digitally driven economy. As convenience, speed, and safety become increasingly prioritized, the technology allows transactions to be completed with a simple tap or wave, eliminating the need for physical cash or card swipes.

Payments 101
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Stripe to acquire shares in tender offer at USD 70 billion valuation

The Paypers

Stripe, a US-based payment processing company, has announced its intention to purchase back its shares at a nearly USD 70 billion valuation.

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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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TBC Bank Uzbekistan secures USD 10 million from EBRD

The Paypers

TBC Bank Uzbekistan , a mobile-only bank, has announced that it obtained a USD 10 million loan from the European Bank for Reconstruction and Development ( EBRD ).

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Self-Service Innovation Summit executive panel to share future predictions, strategy insights

ATM Marketplace

This year’s Self-Service and Innovation Summit, hosted by Networld Media Group in Tampa, Florida from December 9-11 will culminate with “Thought leader roundtable: Executive predictions,” a panel dedicated to helping decipher fact from fiction and providing practical advice for building your business.

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Staying afloat: the impact of flooding on UK firms

BankUnderground

Benjamin Crampton, Rupert-Hu Gilman and Rebecca Mari. With climate change set to increase the frequency and intensity of flooding in the UK , it is important to deepen our understanding of the potential microeconomic impacts that may propagate into the macroeconomy. We integrate firm-level corporate records, with Ordnance Survey business-premise address information and publicly available flood maps to investigate two questions.

CA 115
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The evolving rate of patch management and eISSU for financials

Cisco

Learn how financial institutions can address ransomware and software and patch requirements to address public vulnerabilities.

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Credit card delinquencies mount, Fed says

Payments Dive

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

Cards 397
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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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Where's cash headed in 2025?

ATM Marketplace

Where is cash headed in the 2025? What about ATM usage and recyclers?

ATM 120
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Chase and other megabanks aren't — and never will be — community banks

American Banker

"Too big to fail" banking giants like to masquerade as community banks when it suits their purposes, but they will never be able to replace real, local bankers with deep ties to their customers.

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George Osborne collects share of £30m after record profits at City advisory firm

TheGuardian

Ex-chancellor one of three partners to share sum at Robey Warshaw, co-founded by ‘trillion-dollar man’ Simon Robey The former Tory chancellor George Osborne has collected a share of a £30m pay pot after the City advisory firm Robey Warshaw reported record profits. Osborne was one of three partners to share in the sum at the Mayfair-based boutique investment bank, which advises FTSE 100 and US clients on major corporate deals.

US 101
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BNPL use may rise this year for holiday shopping

Payments Dive

With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

Cards 369
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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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End-to-end cash management meets modern banking needs

ATM Marketplace

There is a great need for banks to optimize processes to keep cash relevant and cost effective, but also ensure that it fits within the wider payments landscape

Meeting 103
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The US should look to Brazil as a model for rolling out open banking

American Banker

The U.S. is well behind other countries in implementing open banking and delivering its benefits to customers. Brazil's success in that area can serve as a useful model.

US 90
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Russia’s rouble plunges to lowest rate since early weeks of Ukraine war

TheGuardian

Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank Russia’s rouble has plunged to its lowest rate against the dollar since the early weeks of the full-scale invasion of Ukraine in the wake of new western sanctions and growing geopolitical tensions. The rouble on Wednesday hit 110 against the dollar for the first time since 16 March 2022.

US 111
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Push payment scam losses to surpass $3B by 2028: report

Payments Dive

U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

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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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The evolving rate of patch management and eISSU for financials

Cisco

Learn how financial institutions can address ransomware and software and patch requirements to address public vulnerabilities.

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Tech-driven efficiency is not the proper goal for branch banking

American Banker

As the banking industry becomes increasingly technology-dependent, wise bank leaders recognize that a bank is not solely defined by its buildings, technology or pricing. It is human connections that truly set a bank apart.

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Senior UK bankers will get bonuses years earlier under plan to relax rules

TheGuardian

PRA and FCA propose changes to bonus deferrals in bid to drive growth and improve UK competitiveness Business live – latest updates Senior UK bankers will receive their bonuses years earlier under plans by the Bank of England to relax post-financial crisis restrictions. The proposals are to reduce the bonus deferral period for some of the most senior bankers from eight years to five.

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The heterogenous effects of carbon pricing: macro and micro evidence

BankUnderground

Ambrogio Cesa-Bianchi, Alex Haberis, Federico Di Pace and Brendan Berthold To achieve the Paris Agreement objectives, governments around the world are introducing a range of climate change mitigation policies. Cap-and-trade schemes, such as the EU Emissions Trading System ( EU ETS ), which set limits on the emissions of greenhouse gases and allow their price to be determined by market forces, are an important part of the policy mix.

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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.

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Cardless raises USD 30 million to continue its development process

The Paypers

Cardless has announced a USD 30 million funding round, aimed at its continued development of credit card and loyalty products, as well as its expansion in multiple markets.

Cards 77
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20 community banks with the highest returns on average assets

American Banker

The top five community banks averaged a return on average assets of 6.27% as of June 30.

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Barclays fined £40m for ‘reckless’ failures in 2008 Qatari fundraising

TheGuardian

Bank’s shares fall as it disputes FCA finding it should have disclosed more about deal during financial crisis Business live – latest updates Barclays will pay a fine of £40m for “reckless” failures to disclose a fundraising deal with Qatar at the height of the financial crisis, after the British bank agreed to withdraw a legal challenge against it.

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Podcast: Memory, nostalgia and the power of sonic branding

ABA Community Banking

Advertising jingles: corny or clever? We take a look at the power of bank jingles, past and present. The post Podcast: Memory, nostalgia and the power of sonic branding appeared first on ABA Banking Journal.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.