Sat.May 21, 2022 - Fri.May 27, 2022

Scams are soaring. What should financial institutions do to better protect themselves and their customers?

Banking Exchange

Scams, the number one type of crime in the United States, continue to threaten financial institutions and their customers Feature Feature3 Cybersecurity Cyberfraud/ID Theft Risk Management Security Customers Outsourcing/Cloud Tech Management Mobile Online Cards. 1Risk Management

Customer Experience – How Service Focused Banks Measure Their Performance

South State Correspondent

While every bank talks about delivering on their service promise, only about 35% of banks have a formal effort and track key performance indicators (KPI). It is no surprise that these banks not only have higher customer experience performance but have a higher return on equity numbers.

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A subscription model for crypto

Daily Fintech

Coinbase’s first-quarter earnings report showed a $430 million loss in revenue and a 19% drop in users, going from 11.4 million to 9.2 million MTUs – monthly transacting users.

Chip shortage drives up card costs

Payments Dive

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips

Cards 369

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Agility makes the pieces fit for payments players

Accenture

As the payments ecosystem expands into the worlds of crypto and the metaverse, keeping up with customer expectations, regulations and technological shifts is becoming a big challenge for payments providers. The only thing we can be certain of is that things will keep changing!

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5 Traits of the ideal credit manager

Abrigo

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. Would you like other articles on loan review in your inbox? Takeaway 1 Be a good negotiator. It is all about the art of the deal. Takeaway 2 Know the rules.

Big tech pushes passwordless for payments

Payments Dive

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments

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Four steps for banks to master sustainable lending

Accenture

Public pledges by HSBC, ING and UBS to curb their funding of fossil fuel production are welcome signs that the shift to sustainable banking is gathering speed. These banks, among others, are using their allocation of credit to encourage sustainable business practices.

Optimizing Loan Duration

South State Correspondent

Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige.

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Alt Lending Week ended 27th May 2022

Daily Fintech

HSBC suspends banker over Nutjob climate change comments Stuart Kirk certainly made some injudicious comments about climate change but why suspend him when what he said was common sense. I am not a climate change zealot but that does not mean that I don’t believe in climate change.

Mastercard touts ESG strategy

Payments Dive

Pursuing environmental, social and governance goals offers advantages in forging customer relationships and luring talent amid a tight labor market, a Mastercard executive said

Q1 2022? US credit card issuer snapshot

Accenture

Key themes Receivables growth continues to gain momentum with issuers reporting single and double-digit YoY growth.? Purchase volume growth continues to be robust (27%+ YoY growth) as cardholder spend rebounds from pandemic lows.?

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Treasuries Under Pressure as Week Opens

South State Correspondent

Treasuries Under Pressure as Week Opens. Equities are finding an early bid this morning off news that President Biden will review the China tariff policy. That comment boosted risk assets on the possibility that some tariffs may be rolled back.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Generation Life launches lifetime annuity solution using GBST’s Wealth Management technology

Bobsguide

Generation Life – a leading life insurance company that’s been providing Australians with tax-effective investment solutions for over 18 years – has launched its innovative new lifetime income solution, known as Generation Life LifeIncome, on GBST’s cloud-based wealth administration platform, Composer.

Tag Heuer accepts crypto as payment

Payments Dive

CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment

Will UK expand Open Banking payments using new VRP?

Accenture

Variable recurring payment (VRP) is the latest development in UK Open Banking. It offers an innovative way to initiate recurring payments or money movement securely by leveraging the Open Banking framework.

Kansas, Missouri up penalty for ATM theft

ATM Marketplace

New laws from Kansas and Missouri will up the penalty for ATM theft

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Moneybase partners with Compass Plus Technologies to launch new digital payments app

Bobsguide

Adyen targets North America for growth

Payments Dive

Upstart Dutch payments processor Adyen is increasing its competition against FIS, Fiserv and Stripe on their home turf in the U.S.

Market Commentary: Week of May 23, 2022

SWBC's LenderHub

Last Week. About the only thing good about last week in financial markets was that it ended on time on Friday. Equities and all credit spread off U.S. Treasuries had a nightmarish week.

XBRL News about sustainability disclosures and ESEF

Daily Fintech

Accountancy Europe on assurance of EU ESG disclosures Accountancy Europe has released an interesting discussion paper on sustainability assurance under the proposed Corporate Sustainability Reporting Directive (CSRD). The CSRD introduces an EU-wide requirement for limited assurance on sustainability information, with the end goal to move to reasonable assurance in the longer term. Assurance is one […].

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

Mindtree and Finastra Partner to Deliver Managed Services Payments Solutions in the Nordics, the UK and Ireland

Bobsguide

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

CBDC, stablecoins, commercial bank money can coexist, Brainard says

Payments Dive

The Federal Reserve vice chair, at a House Financial Services Committee hearing Thursday, also called for stricter regulation in the stablecoin space

Overdraft and Offsetting the Gap

Gonzobanker

Banks and credit unions should be developing intentional strategies to counter the loss of overdraft fee income.

Stablecoin News for the week ending Wednesday 25th May.

Daily Fintech

Here is our pick of the 3 most important Stablecoin news stories during the week. Here come the Regulators!

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.