Sat.Aug 20, 2022 - Fri.Aug 26, 2022

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9 perspectives on buy now/pay later that have banks watching

American Banker

Lending 69
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By the Numbers: Banking apps underwhelm in connectivity

BankInovation

As mobile banking becomes more widely adopted by users of all ages, the technology comes with its own drawbacks, with nearly half of mobile banking customers saying their money-related apps and financial accounts regularly lose connectivity. U.S. customers at the younger end of the age spectrum are running into problems with mobile platforms, according to […].

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How credit union leaders are creating the post-pandemic office

American Banker

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Are Rising Interest Rates and Inflation Impacting Reverse Mortgages?

SWBC's LenderHub

With rising interest rates, surging inflation, and a potential recession on the horizon, your borrowers are likely uneasy about the current economic landscape. The best way your financial institution can support them is by ensuring they are armed with information on how to best prepare for an economic downturn.

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8 Signs Your Accounting Team Is Ready to Automate Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

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Convera CEO revamps former Western Union biz

Payments Dive

Convera CEO Patrick Gauthier, the former head of Amazon Pay, aims to remake Western Union’s B2B unit and aid corporate clients in navigating currency volatility.

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More Trending

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Some Friendly Inflation News Appears Before Jackson Hole

South State Correspondent

Some Friendly Inflation News Appears. Treasury yields are higher this morning but off the highs of the day as today’s inflation numbers came in better-than-expected (more on that below). The market is awaiting the keynote address by Fed Chair Powell at Jackson Hole, due at 10am ET. Once we get past that event, and unless Powell is exceedingly more hawkish than expected, we could possibly see some bids returning to the market.

Marketing 195
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Check It Out: How Can You Better Protect Against Check Fraud at Your Institution?

Abrigo

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Find out what the latest iteration looks like. You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." WATCH . Takeaway 1 The lottery or sweepstakes scam is becoming popular.

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Affirm scans landscape for acquisitions

Payments Dive

With plenty of cash on hand, Affirm CEO Max Levchin considers acquisitions as one of many routes for the buy now-pay later company to continue its growth.

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Moving to One Minute TRACE Reporting: A Review of FINRA Proposed Changes to Rule 6730

Perficient

Background. FINRA has been collecting and disseminating fixed income transaction information through TRACE since 2002. Fixed income markets have continued to change dramatically since 2002, becoming more global while an increasing percentage of trades are made on or by electronic trading platforms. With the move to electronic trading and increased trade volume, FINRA has been considering ways to provide more timely and detailed data to the marketplace and regulators.

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Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

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Treasury Yields Drift Higher Ahead of Jackson Hole

South State Correspondent

Treasury Yields Drift Higher Ahead of Jackson Hole. Treasury yields are drifting higher this morning, but the moves are in range which is not surprising with Fed Chair Powell’s Jackson Hole appearance approaching this Friday. The 10yr Treasury yield is back above 3.00% and is currently at 3.09% while the 2yr-10yr spread is -27bps. This drift is likely to persist until we get past the Jackson Hole event on Friday morning.

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FTC declines to extend comment period for proposed motor vehicle dealer rule

CFPB Monitor

The FTC has declined requests to extend the comment period for its proposed rule that would impose a number of new substantive and disclosure requirements on motor vehicle dealers in connection with the car buying or leasing process. . The FTC’s notice of proposed rulemaking (NPRM) was published in the Federal Register on July 13, 2022 with a 60-day comment period that ends on September 12, 2022.

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Payoneer battles e-commerce slowdown

Payments Dive

Payoneer is counting on global growth and new services to offset what CFO Michael Levine called e-commerce “softness.

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Last call for the Bank Customer Experience Summit

ATM Marketplace

If you are involved in the financial industry, banking, fintechs or self-service banking, you have an opportunity to network and learn at the Bank Customer Experience Summit, held in Chicago from Aug. 31 to Sept. 1. But you have to act fast as online registration closes Aug. 26.

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6 Alternative Lending Strategies for a Shifting Landscape

In the ever-evolving commercial lending landscape, adaptability is key to survival and growth. As lenders navigate the challenges and opportunities presented by the state of the market, alternative lending strategies have emerged as powerful tools for success. We will explore six strategies with the potential to transform lenders’ business. Understanding alternative lending strategies is crucial.

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Data Architecture: 10 Reasons Why It Should Be In Your Strategic Plan

South State Correspondent

In 1983, Commodore International, with its Commodore 64 commuter, was the largest personal computer manufacturer in the market controlling over 50% of sales. By 1992, the Company was an afterthought, and by 1995 it was liquidated. Commodore’s demise is a case study of how NOT to care about your customers and why business intelligence through proper data architecture is critical.

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UK and US banks among biggest backers of Russian ‘carbon bombs’, data shows

TheGuardian

Ukrainian campaigners call for immediate end to investments, to cut funds to war and help avoid climate breakdown US and UK financial institutions have been among the leading investors in Russian “carbon bomb” fossil fuel projects, according to a new database of holdings from recent years. Campaigners in Ukraine said these institutions must immediately end such investments, to limit the funding of Russia’s invasion of Ukraine and to avoid climate breakdown.

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Google Wallet seeps into six more countries

Payments Dive

The tech giant extended its payment services to more nations as competition with Samsung Pay and Apple Pay intensifies.

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Unleashing Automation to Unlock Visibility, Control, and Efficiency in Liquidity Management

Bobsguide

By ditching a web of hundreds of spreadsheets and emails in favour of a TMS from Salmon Software , the liquidity management team at the Zurich Insurance business unit Switzerland and CI EMEA has been able to facilitate accurate and insightful short- and long-term cash forecasts as well as enhance its treasury payments & reporting capability. Read the whole case study at: [link].

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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How to Choose a Hedge Provider as a Bank

South State Correspondent

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. We also shared a table that summarized the two strategies. In this article, we will discuss what community banks should look for in a hedge provider, specifically in a loan-level hedging program.

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Armed Forces Bank uses automation to improve CX

BankInovation

Armed Forces Bank (AFB) is embracing digital transformation with several newly implemented processes aimed at providing an improved customer experience during everyday transactions. The $1.6 billion bank is using automation for card controls, allowing users to monitor transactions and establish account alerts, check imaging for deposits and digital chat enhancements that run on both APIs […].

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Jack Henry expects lower margin expansion

Payments Dive

Higher costs and a reduction in revenue, due to less merger and acquisition activity, are crimping the outlook for profit margin expansion at Jack Henry & Associates.

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Australia to host US$100m Metaverse R&D Center

Bobsguide

Australia to host US$100m Metaverse R&D Center. Australian creative technologies business Two Bulls and Thailand’s Translucia Global Innovation are developing a Metaverse R&D Center in Australia. Located in Melbourne, Victoria, the US$100 million centre will be one of the largest in the world when operational. Developing a new interactive world.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Business Equipment Financing

Commercial Lending USA

Do you need to buy or lease additional equipment to expand your business? At Commercial Lending USA, we have the solutions for you. We have expert to understand your needs and help you on financing to grow.

Lending 98
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Inside payments fintech Highline’s auto expansion plan

BankInovation

Payments fintech Highline Technologies is looking to expand into auto loan payments on the heels of raising $13 million in series A funding this week. Plano, Texas-based Highline, founded in 2020, is a platform that allows consumers to automate bill payments directly from their paychecks, helping avoid overdraft fees and transaction fails that would result in late […].

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Lawsuit filed against Block

Payments Dive

A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.

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UK inflation will hit 18% in early 2023, says leading bank Citi

TheGuardian

Forecasts updated after 25% and 7% rally in gas and electricity prices respectively last week Inflation in the UK will hit 18% early next year as consumers count the cost of the deepening energy crisis, one of the world’s biggest banks has predicted. Forecasters at the US financial services group Citi said it expects the consumer prices index to breach 18% in the first quarter of 2023, while the retail prices index inflation rate will soar to 21%.

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The Blueprint for a Customer-Centric Digital Lending Experience

Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.