South State Correspondent

OCTOBER 14, 2024

In a previous article, we discussed how a loan’s maturity and amortization impacts credit risk and profitability from the bank’s perspective ( HERE ). In that article, we pointed out that the average commercial loan term at community banks has been decreasing and is now between 3.5 and 4.5 years. Much of the explanation for the decrease in term comes from the misconception that term rates or credit spreads will decrease when the Federal Reserve lowers short-term interest rates (there is no dire

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Analysis Operations Examples Community Bank 195

Payments Dive

OCTOBER 15, 2024

Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.

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Software Tools Security Cards 394

Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives. It’s not exactly the most glamorous part of financial services, but without solid data governance, banks would be floating in a sea of disorganized, chaotic

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Tools Data Compliance Regulation 221

Accenture: Banking

OCTOBER 14, 2024

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

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Apple Innovation Retail Fintech 309

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ATM Marketplace

OCTOBER 15, 2024

Oxford Bank is celebrating its 140th anniversary by delivering stronger technology, investigating AI and promoting financial education for its customers and larger community.

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Community Technology 127

Gonzobanker

OCTOBER 17, 2024

GenAI tools can do amazing things. Doling out financial advice and guidance isn’t one of them. A survey from the Motley Fool revealed some surprising—and, frankly, hard to believe—statistics about Americans’ use of the generative AI tool ChatGPT for financial advice. The study found that: 54% of Americans have used ChatGPT for finance recommendations.

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Apple Examples Tools Analysis 160

Accenture: Banking

OCTOBER 14, 2024

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets. This change presents a significant opportunity for banks, fintech companies and retailers to establish themselves on equal footing with Apple Pay, a… The post Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Apple 195

Apple Innovation Retail Fintech 195

Payments Dive

OCTOBER 17, 2024

The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.

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Retail 418

TheGuardian

OCTOBER 14, 2024

Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The federal government is preparing to ban debit card fees and instruct the consumer watchdog to investigate excessive card costs, as the unpopular system of transaction charges gets set for an overhaul.

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Cards Retail System 106

Advertiser: ZoomInfo

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Analysis

BankBazaar

OCTOBER 15, 2024

We’ ve all bee n there—caug ht in a tumultuous relationship with our spending habits. At first, they see m harmless , maybe ev en fun. That daily coffee run feels like a little reward, or an impulse buy during an online sale seems like no big deal. But over time, these habits can become toxic, drainin g your ban k accou nt and sabotaging your financial goals.

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How To social media Exercises Cards 78

BankUnderground

OCTOBER 17, 2024

James Waddell and Meghna Shrestha An increasing number of households in the UK are opting for longer-term mortgages, with the share of borrowers taking out new mortgages with terms 30 years or longer tripling since 2005. But who are these households, why have they done so, and what could this imply for financial stability? This blog presents some analysis to answer these questions, and focuses on three potential risk channels which could affect financial stability.

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Lending Policies Analysis Exercises 59

Payments Dive

OCTOBER 15, 2024

Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

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Payments Capital 243

TheGuardian

OCTOBER 13, 2024

Finance is now master, not the servant – what is key is securing its approval to bring in investment while diluting its often malign influence Private equity barons lean on Reeves to dilute proposals for higher taxes Tax wealth and value public assets: how Reeves can meet her challenges The economic challenge facing Labour is enormous. But it is also straightforward: Britain has experienced a prolonged period of weak growth, public services have been starved of cash and are struggling, and the s

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Taxes Meeting Security Policies 97

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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.

Lending

ATM Marketplace

OCTOBER 17, 2024

A panel at the Bank Customer Experience Summit analyzed banking regulations and how banks can comply without sacrificing the customer experience.

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Regulation Customer Experience 133

ABA Community Banking

OCTOBER 15, 2024

Before credit unions acquire banks, they should be required to first receive membership approval, disclose financial terms and demonstrate how bank acquisitions affect communities and taxpayers, ABA President and CEO Rob Nichols said in a letter to the NCUA. The post ABA urges regulator to require more transparency in bank acquisitions by credit unions appeared first on ABA Banking Journal.

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Regulation Community Community Bank Policies 52

Payments Dive

OCTOBER 18, 2024

The payments pioneer is discontinuing a program through which app users could post fundraising drives, often for personal needs. Other options for donating will remain.

Tools 221

Tools Payments 221

TheGuardian

OCTOBER 13, 2024

Business lobby groups fear the impact of the government’s environmental standards on efforts to revive the London Stock Exchange When Keir Starmer launched the Labour party’s 142-page manifesto in June, the future prime minister was dubbed a man of no surprises. But alongside much-trailed pledges to kickstart economic growth and cut NHS waiting lists were newly adopted plans for new environmental regulations for London’s largest listed companies.

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Company Capital Regulation Groups 97

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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.

Operations

ATM Marketplace

OCTOBER 18, 2024

Marbue Brown, founder of the Customer Obsession Advantage and veteran banker, discussed what's new in bank CX.

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ABA Community Banking

OCTOBER 17, 2024

“Mutuals Matter” is a national advertising, marketing and communications effort “that aims to shine a spotlight on what sets mutual banks apart from other financial institutions,” the banks said in a statement. The post New campaign seeks to raise public awareness of mutual banks appeared first on ABA Banking Journal.

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National Marketing Community Bank Community 52

Payments Dive

OCTOBER 14, 2024

The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

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Payments Company 221

TheGuardian

OCTOBER 15, 2024

Exclusive: Rachel Reeves will meet senior City figures on Friday to discuss funding of national investment projects The chancellor will summon City bosses to Downing Street on Friday for the first post-election meeting of Labour’s British infrastructure “taskforce”, as the government hopes to steer more private cash towards a string of national investment projects.

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Phoenix Meeting National Management 77

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Cards

American Banker

OCTOBER 18, 2024

A whitepaper from FS-ISAC, a financial services industry group focused on cybersecurity, advocates that banks develop so-called "cryptographic agility.

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Groups Industry Cyber Security Security 92

ABA Community Banking

OCTOBER 17, 2024

How do community banks balance the need for cutting-edge technology and the human touch? Pamela Montpelier of Ballston Spa National Bank talks about how a laser-like focus on customer experience can help drive growth. The post Podcast: Laser-focused on the customer experience appeared first on ABA Banking Journal.

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Customer Experience Community Bank Community National 52

Payments Dive

OCTOBER 18, 2024

The tech giant has linked with the Swedish buy now, pay later provider to offer Apple Pay customers in the U.S. and U.K. another payment option.

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Apple Payments 195

TheGuardian

OCTOBER 15, 2024

Some best-buy, high-paying accounts are not always the best for you Providers are jostling for position at the top of the best-buy tables – but the best-paying accounts often come with caveats that can catch out unwary savers. Continue reading.

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How To 94

Advertiser: ZoomInfo

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