Sat.Feb 18, 2023 - Fri.Feb 24, 2023

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The Secrets of Expert Deposit Pricing Management

South State Correspondent

You can always tell a good banker by the way they handle their deposits. With loans, it’s hard to discern expert-level skills unless you know the market and the credit. Deposits, however, are pure. When we analyze a bank, it is typically the first thing we look for, as deposit pricing and structure are the metrics that tell you the most about the quality of a bank.

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A Bank Automation Summit Preview: Key 2023 Banking Automation Trends

Perficient

Perficient is looking forward to bringing our unique combination of automation technical know-how along with financial services and payments industry expertise to the Banking Automation Summit in Charlotte, North Carolina on March 2-3. The Summit brings together experts in the field, including bank executives, technology vendors, and consultants, to discuss the latest advancements in automation and its impact on the banking industry.

Trends 474
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How to keep ATM service workers safe

ATM Marketplace

All ATMs need servicing and cash replenishment. But how can banks accomplish these tasks while also reducing risk of robbery? With ATM attacks on the rise, the risks have never been greater, especially for service workers. How can banks keep service workers safe?

ATM 102
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How To Do Better Against National Bank Lending Competition

South State Correspondent

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. Understanding the competitive banking landscape helps community banks set proper pricing, respond to rival marketing, and compete more effectively.

National 195
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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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The Language of Bribery and the Challenge of Anti-Corruption Communications

BankInovation

The Foreign Corrupt Practices Act (FCPA) is a widely enforced anti-corruption law. While many corporations and individuals are aware of the hefty consequences that come with violating this law, there is a need for further education. Intentional criminal activity is one thing, but a more subtle issue lies beneath the surface.

More Trending

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Embracing Change & Other Insurance Trends We’re Forecasting for 2023

Perficient

Whether you’re an insurance carrier or a broker, change is here and change is about to accelerate beyond the prior few years when our world was modified in ways none of us had ever seen. I’m sure this isn’t the first opinion piece you’ve read where someone has laid out the trends that you must follow to be successful in your business. I can’t tell you the exact trends that you must follow because I will never know your business as well as you do.

Trends 275
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SAR Writing: Best practices for a strong AML/CFT program

Abrigo

Strategies for clear, concise SAR writing How can BSA officers make their SARs stand out to law enforcement? These suggestions for structuring and writing SARs can help. You might also like this webinar, "Best Practices for Writing SARS." Watch Webinar Takeaway 1 The care put into your SAR writing may make the difference in whether it is clearly understood by law enforcement.

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VA Reduces the Funding Fee for Certain VA Loans

CFPB Monitor

In Circular 26-23-06 , the U.S. Department of Veterans Affairs (VA) announced reduced funding fees for purchase, construction and cash-out refinance loans guaranteed by the VA that are closed on or after April 7, 2023. The current funding fee amounts for loans closed prior to April 7, 2023, are set forth in Exhibit A to the Circular. .

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Discover to implement gun code in April: report

Payments Dive

The newly published code will be part of Discover’s policy and product update for merchants and payment partners in April, a spokesperson told Reuters.

Report 397
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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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Lessons from ESPN, Rasmussen for ATM success

ATM Marketplace

Scott Rasmussen, president of RMG Research Inc. and co-founder of ESPN, shared insights about the founding of ESPN and how it can apply to ATMs.

ATM 107
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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits.

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HUD Announces 30 Basis Point Reduction in Annual FHA Mortgage Insurance Premium

CFPB Monitor

HUD recently announced a reduction to the annual mortgage insurance premium charged to borrowers with FHA-insured loans. HUD estimates that the reduction will save FHA borrowers on average $800 annually. HUD also released Mortgagee Letter 2023-05 addressing the premium reduction, and a Factsheet addressing other steps that HUD has taken to make homeownership more affordable. .

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GoDaddy launches payable domain service

Payments Dive

GoDaddy now offers its business owner clients a digital payment tool that is customizable to their company branding.

Tools 417
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Live Demo: How to Achieve Reconciliation Zen

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

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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How to fight growing ACH fraud

BankInovation

The automated clearing house payment system reaches all U.S. bank accounts and is an extremely cost-effective way to move money. This helps explain the ACH Network’s steady growth. Nacha says the ACH Network processed 7.6 billion in payments worth $19.2 trillion in the third quarter of 2022. Meanwhile, ACH same-day payments reached 176.

How To 98
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The sanctions war against Russia: a year of playing cat and mouse

TheGuardian

Early claims Moscow would buckle quickly proved hubristic, yet Putin has also made miscalculations “The Russian economy is on track to be cut in half,” Joe Biden said in March last year, as he heralded sanctions brought against Russia after its full-scale invasion of Ukraine. Annalena Baerbock, the German foreign minister, vowed that sanctions were “hitting the Putin system … at its core of power”.

System 98
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Analyzing Sequoia Capital’s investment strategy: How the VC is keeping its faith in fintech

CB Insights

Sequoia Capital is one of the world’s oldest and most accomplished venture capital firms, with its long list of early tech investments-turned-home runs including Airbnb, Apple, Instagram, Square, and WhatsApp. While 2022 was a down year for venture capital at large, Sequoia remained active with over 100 investments. Fintech was Sequoia Capital’s top investment category in 2022, representing nearly a quarter of the firm’s deals. dive deeper into Sequoia’s top 3 fintech Targets Download thi

Strategy 100
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Square chases bigger merchants

Payments Dive

Block-owned Square made its name catering to owners of small businesses, but the company is now setting its sights on bigger clients for growth.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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FDIC Keeps Up the Pressure on Misleading Representations about Deposit Insurance

CFPB Monitor

Earlier this month, the Federal Deposit Insurance Corporation (FDIC) issued cease-and-desist letters to a cryptocurrency exchange and a fintech , demanding that each of these entities immediately stop making false and misleading statements about FDIC coverage of their financial products. The FDIC also issued cease and desist letters to two marketing websites , demanding that they remove false and misleading statements about FDIC insurance coverage with respect to the cryptocurrency exchange.

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Cruel ‘scam of mum and dad’ sparks a regulatory crackdown

TheGuardian

Rules are set to be tightened to help reimburse victims of fraudsters exploiting parents’ instinct to help their offspring The text message began: “Hi Dad!”. The sender informed pensioner Graham Price* that their phone had fallen down the toilet, so they were using a temporary number while it was repaired. Chattily, they mentioned the number change had locked them out of online banking when they had an urgent bill to settle.

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Quality vs. Quantity: How to Engage Journalists

William Mills

Quality trumps quantity when it comes to digital marketing today, making a company’s brand feel more personable in the long run. We live in a time of transparency, and consumers desire a sense of authenticity that instills familiarity and trust.

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CFPB warns card issuers on credit reports

Payments Dive

The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.

Report 243
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New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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This week’s podcast episode: The Consumer Financial Protection Bureau’s proposals to create two public registries for nonbanks: what you need to know, Part I

CFPB Monitor

The CFPB recently issued two proposals that would require nonbanks to register with and submit information to the CFPB for publication in an online, publicly available database. The proposals represent an aggressive attempt by the CFPB to enhance its supervisory and enforcement authorities and carry significant potential implications for nonbanks that would be required to register.

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Lessons from ESPN, Rasumssen for ATM success

ATM Marketplace

Scott Rasmussen, president of RMG Research Inc. and co-founder of ESPN, shared insights about the founding of ESPN and how it can apply to ATMs.

ATM 85
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Revolut: can the chancellor’s fintech favourite fix its image problem?

TheGuardian

The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff Minutes after Jeremy Hunt had finished speaking, Nikolay Storonsky collared the chancellor backstage. The 38-year-old co-founder of British financial technology company Revolut, wearing a tech bro’s uniform of jeans and a sweater, had been listening to Hunt set out his vision of the UK as “the world’s next Silicon Valley”,

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Discover debit reboot gets marketing assist

Payments Dive

The card company is betting its soon-to-be relaunched debit account services will help it better compete with fintech and neobank rivals.

Marketing 243
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.