Sat.Oct 05, 2024 - Fri.Oct 11, 2024

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Crafting an effective CECL Q factor framework for stronger risk management

Abrigo

How to build a successful Q factor framework under CECL Understanding the quantitative side of the CECL calculation means developing defensible qualitative factors, or Q factors. Learn best practices to adjust for risk. Would you like other articles on CECL and Q Factors in your inbox? Takeaway 1 Q factors offer a way to adjust for risks that aren't fully captured in historical data or quantitative models Takeaway 2 Building a robust Q factor framework requires a systematic approach, regular mon

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Five areas to watch as banks report their Q3 earnings

American Banker

With earnings season set to kick off on Friday, investors will be paying close attention for any signs of loan growth and deposit pricing relief, though analysts don't expect improvements to materialize right away.

Report 81
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How Upsell and Cross-sell Impact ROE

South State Correspondent

We recently worked with a community bank in the Southeast that wanted to win a piece of credit business for a manufacturing company. The manufacturing company had a long-time relationship with a national bank and the community bank lender was struggling to make inroads with the company’s CEO and owner. The CEO finally agreed to let the community bank make a pitch on $900m acquisition financing facility.

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A place for regional banks: How BOK Financial finds and fills local needs

ABA Community Banking

As president and CEO of $50 billion-plus BOK Financial, Stacy Kymes spends time thinking about the role of regional banks in the U.S. economy. Here's how BOK Financial finds unique niches and meets the credit and capital market needs in its core mid-America markets. The post A place for regional banks: How BOK Financial finds and fills local needs appeared first on ABA Banking Journal.

Regional 105
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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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Long-term fixed-rate mortgages through an international lens: could they lead to higher home ownership?

BankUnderground

Gabija Zemaityte The Tony Blair Institute for Global Change, among others, has argued that long-term fixed-rate mortgages (LTFRMs) could increase home ownership in the UK. The share of mortgages with longer fixes increased in the UK and internationally over the last decade. Persistently low interest rates over that period have supported demand for longer-fix products, including five-year fixes.

Marketing 109

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FDIC Digital Sign Requirement Deadline Fast Approaching – Part 2 of 2

Perficient

Introduction A quick summary of the new official digital sign requirement of the FDIC is that effective January 1, 2025, this logo: must be replaced by this logo: For readers who missed part 1 of this series or want to reread the original blog can find it here. However, the new lengthy regulation raised many questions by the industry, and Perficient’s Financial Services Risk and Regulatory consultants have been researching answers and questioning regulators to provide in order to provide o

FDIC 221
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Jack Henry Connect Conference Day 2 Recap | Jack Henry

Jack Henry

Day 2 of Jack Henry™ Connect is Off to a Rousing Start! Last night’s Carnival Kickoff was a huge hit, offering a perfect blend of fun and networking. From the bumper cars to the rock-climbing wall to carnival games, attendees got a chance to relax and connect after a full day of learning. While the fun and games were fan favorites, the food and drinks were just as memorable.

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ABA recognizes six banks with national bank marketing awards

ABA Community Banking

ABA announced six banks are the recipients of the 2024 Brand Slam Awards, which honor exceptional bank marketing strategies. The post ABA recognizes six banks with national bank marketing awards appeared first on ABA Banking Journal.

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New York Governor signs gun code law

Payments Dive

Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.

New York 448
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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Watch Now: FinovateFall 2024 Video Interview Series

William Mills

Our CEO, William Mills, attended this year’s FinovateFall in New York City, where he interviewed top fintech and financial services innovators to explore the latest technological advancements in the industry. Watch the full interview series below.

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Jack Henry Connect Conference Day 4 Recap | Jack Henry

Jack Henry

We’ve reached the final day of Jack Henry™ Connect, and what a week it’s been! The energy throughout this conference has been nothing short of electric.

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Improving banking security

ATM Marketplace

Even though it is heavily spelt out by regulators and others, the digitalization of financial services comes with increased security risks, even as it improves services and operating efficiencies.

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Stripe partners with Nvidia, Pepsi and Rivian

Payments Dive

The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

Software 396
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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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First-ever redlining order against a credit union delivers jolt

American Banker

A Philadelphia-area credit union's landmark redlining settlement with the Department of Justice has prompted strong responses from the industry's regulator and its leading trade group.

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Day 1: Welcome, One and All, to Jack Henry™ Connect!

Jack Henry

Welcome to Phoenix, and welcome to Jack Henry Connect 2024! We’ve officially kicked off what promises to be a week filled with innovation, inspiration, and some serious fun. This year’s event is all about embracing humanity in the age of technology — and you can feel that focus from the very first session.

Phoenix 88
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Learn the 7 shields of ATM security

ATM Marketplace

A webinar on ATM Marketplace discussed the seven shields of ATM security.

ATM 112
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Treasury official calls for new regulatory framework

Payments Dive

The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

Payments 273
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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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US Basel impasse casts doubt on international capital accord

American Banker

Europe's top finance ministers are questioning the U.S.'s commitment to the global capital standards. The mistrust could have consequences for international regulatory efforts.

Capital 83
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Jack Henry Connect Conference Day 3 Recap | Jack Henry

Jack Henry

Your Jack Henry Connect 2024 Day 3 recap is here! Click to view the summary of today's events.

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Meta teams up with UK banks to mitigate scams

The Paypers

US-based multinational technology corporation Meta has expanded its information-sharing partnership with banks across the UK to safeguard individuals against fraud and scams.

Fraud 76
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Fiserv teams with Canadian company on open banking

Payments Dive

Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

Company 273
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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Survey finds small business confidence on upswing

American Banker

While companies trust banks and typically maintain their core relationship with them, the industry's dominant position is hardly set in stone, experts say.

Survey 87
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New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’

TheGuardian

Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units The new boss of HSBC is reportedly readying to cut the jobs of some of the bank’s most expensive senior bankers in a move that could save as much as $300m (£229m) in costs. Georges Elhedery, who took over as chief executive last month, is planning to remove a layer of senior bankers as part of a restructure that would result in the bank’s global banking and commercial banking units mer

Report 71
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Stripe partners with NVIDIA to optimise its AI-powered capabilities

The Paypers

Stripe has announced its partnership with NVIDIA in order to optimise its AI-powered capabilities and expand worldwide access to the latter’s AI platform.

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Durbin jumps into Illinois interchange law fray

Payments Dive

Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

Illinois 243
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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

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.