FDIC advises banks to exercise caution with agricultural loans

American Banker

To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers. Risk management Policymaking Ag lending Agriculture industry Farm and rural mortgages FDIC

Basking in foreign fintech investment, India exercises its kingmaker role

Payments Source

Last week, Indian regulators ordered an antitrust probe of Walmart and Amazon while Jeff Bezos and other Amazon execs traveled to New Delhi to tout a $1 billion investment to digitize local businesses. The message is U.S. investment is welcome, as long as U.S.-driven

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Will Exercise Junkies ‘Save’ The Smartwatch?

PYMNTS

The activity tracker became the device of choice for the middle-aged consumer looking to get in better shape by starting an exercise routine. That said, activity tracker companies must continue to broaden their portfolios to satisfy more exercise-focused consumers, combining specialist functions with generalist capabilities.”. So, if the smartwatch has a future — and companies like Apple are praying that it does — maybe it’s with the uber-fit exercise junkies?

Get Financially Fit With These Money Management Exercises

BankBazaar

Here are some sure-shot exercises that will give your money the workout it needs. Depending on what category your finances fit into, you can follow the prescribed exercises – they’re worth the end result. Want your finances to look their absolute best?

An Exercise in Biometric Payments

Payments Source

The early morning exercisers who stop at Thrive Café in Loves Park, Ill. may be drenched in sweat and dressed in outfits devoid of any pockets, but they can still pay for their post-workout refreshments without a wallet or phone. security technology risk-analytics

PSD2: Another painful compliance exercise or an opportunity?

Bobsguide

The European Commission’s revised Payment Services Directive (PSD2) will bring about one of the biggest changes that the banking sector has ever faced. However, as the Commission has indicated this is not a change being dictated by banks; it is a reaction to the ongoing disruption of payments

Note to Regulators: Exercising Fiduciary Responsibility is Not a Community Bank Board Problem – But You Might Make It One!

Finer Points

As community bankers we have a fiduciary responsibility to our customers and communities as well as our shareholders. While it may not always be an explicit legal duty, it’s inherent to the community bank relationship business model and serves a key role in our success—after all, community banks only succeed when their customers and communities do the same. That’s […]. Community Banks

ClassPass Lands $285M To Scale Fitness Marketplace

PYMNTS

Subscriptions ClassPass exercise fitness funding group fitness Health Investment News reservations Retail subscriptions Venture Capital Wellness What's Hot

Flywheel To Shutter Some Cycling Locations

PYMNTS

In the latest reported sign that boutique fitness studios are struggling to keep pace with home exercise offerings, Flywheel Sports Inc. The report also noted that Peloton has grown to have over 500,000 subscribers for its exercise products and fitness apps.

Bringing The Jane Fonda Magic To Streaming Fitness Classes

PYMNTS

Aerobic workouts, strength training, Pilates, yoga, cycling – name a form of exercise, and the odds are good to great that there plenty of fitness apps one can choose from to work out at home. Retail Editors' Picks exercise fitness mobile apps News Obe on-demand Shop Talk Streaming workouts

Online Fitness Experiences Where Signup Is The Light Lift Differentiator

PYMNTS

Retail content streaming exercise fitness News subscription commerce subscriptionsFor fitness aficionados and those just looking to get in a workout, several online platforms have emerged to help them bring home the gym experience.

Groupon And The Big Business Of Beauty

PYMNTS

Retail anti-aging products beauty beauty products Cosmetics exercise facials Featured News fitness floatation tank grooming Groupon gym memberships hand cream Health laser hair removal makeup Massage mobile app moisturizer News shaving products spas supplements waxingBeauty is and always has been one of humanity’s favorite topics. English poet Thomas Overbury famously observed that it is only skin deep, while Irish poet Margaret Wolfe Hungerford noted that it is “in the eye of beholder.”

Noom’s New Approach To Solving The Obesity Epidemic

PYMNTS

The brand is frequently billed as the Weight Watchers for millennials – in fact, the two share some similarities: Users set a weight loss goal, and then undertake a customized diet and exercise plan to attack that goal over 16 weeks, during which time they log their food consumption and activity, which is pretty standard for any weight-loss app. The accountability aspect — inputting data such as caloric intake, sleep, exercise, etc.

Uber Of X: SwitchFit Is The Uber Of Workout Regimens

PYMNTS

uber of x exercise fitness gyms Retail studios SwitchFit Uber of X working out workoutYear after year, it’s safe to say that most New Year’s resolutions include some form of getting in better shape. People join a gym with good intentions, but then their rate of going either slows down or stops altogether. Consumers seem to want to be in physically good shape, but when it comes to that journey, most have a hard time committing to a specific gym or routine.

Security is about as good as a fart in a spacesuit

Chris Skinner

I know lots of grumpy old men like me lament that, when we were growing up, we were left outside to run about as we felt, find our own way to and from school, were encouraged to read more and exercise, and such like. It’s a weird world.

Bankers identify 2020’s greatest strengths and challenges

Bank Innovation

This exercise helps keep track of past triumphs for further success and turn past deficiencies into future victories. When preparing for a new year, it helps to assess what went well and what didn’t in the previous year.

Cryptomathic signs on as PCI SSC participating organization

Mobile Payments Today

The company hopes its experience as a designer of secure software solutions can help PCI become 'a business enabler, rather than a simple compliance exercise

Beneficial finds local still sells in Philly

ABA Community Banking

Bank with savings roots grows via commercial, exercises caution on CRE Management Financial Trends CSuite Community Banking. 1Community Banking

5 takeaways from mid-size stress tests

ABA Community Banking

First “live” DFAST exercise yields mixed results for banks and regulators Management Duties Risk Management Operational Risk. 1Management

Subscription Price Drop Triggers Decline Of Peloton Shares

PYMNTS

Subscriptions linked to Peloton’s proprietary exercise bike and treadmill remain $39 per month. With the Fire TV app, people can exercise with digital classes using their own equipment or take strength training, meditation and yoga, which don’t require any hardware at all. .

Fintech Shouldn't Have EZ Pass into Banking

American Banker

Regulators and lawmakers must exercise healthy caution before granting fintech firms preemptive powers via national bank charters or otherwise. consumer-finance law-regulation digital-banking nonbank compliance bank-technology

Subscription Price Drop Sends Peloton Shares Tumbling

PYMNTS

Subscriptions linked to Peloton’s proprietary exercise bike and treadmill remain $39 per month. With the Fire TV app, people can exercise with digital classes using their own equipment or take strength training, meditation and yoga, which don’t require any hardware at all. .

Cryptomathic signs on as PCI SSC participating organization

ATM Marketplace

The company hopes its experience as a designer of secure software solutions can help PCI become 'a business enabler, rather than a simple compliance exercise

Oil flow causes stress

ABA Community Banking

SNL Report: Last year's Fed stress test included $110 oil—showing limits of exercise Management Risk Management CSuite Credit Risk. 1Risk Management

Peloton Rival Equinox Snags Funding From Silver Lake

PYMNTS

Luxury gym operator Equinox has secured funding from Silver Lake, an equity firm, in its continuing bid to compete with exercise giant Peloton, according to a report by Bloomberg.

3 Blind Spots Your Bank Board Can Protect Management From

Banker to Banker

While there has not been clear guidance in this area, one area where boards can exercise credible challenge is on the subject of strategic direction and assessing management bias For years, regulators have talked about enterprise risk management (“ERM”).

NY Wants Servicers To Document Oversight of Third-Parties

New York's State of Mind

Mortgage servicers will have to exercise more oversight over third-party providers if New York finalizes regulations proposed by the Department of Financial Services. Good morning folks. On May 1st, the Department proposed amending 3 NYCRR 419 to create a new §419.11. This section mandates that mortgage servicers “adopt and maintain policies and procedures to oversee […]. Mortgage Lending Regulatory Section 419

EMV Terminal Testing – How to streamline your certification process

ATM Marketplace

For many banks, processors, VARs,these certifications can be a complex exercise While EMV terminal integration testing isn’t new, it is one of these things that keeps coming back.

Samsung Unveils Foldable Phone At Developer Event

PYMNTS

The Galaxy Watch comes equipped with a heart rate monitor that provides breathing exercises, advanced sleep tracking and advanced fitness tracking features.

Tax havens cost the European Community EUR 170 billion a year

The Paypers

EU Member States lose EUR 170 billion a year due to tax avoidance practices exercised by the wealthiest citizens and multinational corporations operating in the EU

Towards a CFO-CRO collaboration model: the real challenges for banks

Bobsguide

Recent regulatory requirements, for instance, ask banks to develop comprehensive stress exercises which necessarily involve skills Bank internal functions related to risk (CRO) and finance (CFO) nowadays have become key actors for a huge amount of regulatory and management/market requirements.

Fitbit finds its place in the fintech world

Payments Source

Fitbit's expertise in monitoring exercise and health seems pretty far removed from the world of payments, but the company is running full-speed into the world of fintech. Wearable payments

Why Your Bank Should Be Like A Night Club

Banker to Banker

A popular night club represents the perfect allegory for creating a value-fueled bank and should be an exercise that you complete at your next strategic planning meeting.

Marlboro Sees Opportunity In Canadian Cannabis

PYMNTS

The agreement also allows Altria to acquire an additional ownership interest in Cronos at a price of CAD $19 per share exercisable over four years from the closing date. If exercised in full, it would increase Altria’s ownership in Cronos to approximately 55 percent.

Optimising the bank-fintech relationship

BankNXT

Daniel Latimore provides four expert tips for exercising the 'collaboration muscle' when it comes to developing the relationship between banks and fintech.

ECB raises Brexit heat with bid for power over Euro clearing

Payments Source

The central bank said the legal change would allow it to fully exercise the powers laid out in a clearing proposal from the European Commission. Payment processing Brexit European Central Bank European Union

Trade Groups Want To Standardize Cybersecurity Data Sharing

PYMNTS

Members of FS-ISAC began participating in the “Hamilton Series” exercises to help develop rapid response capabilities to debilitating cyberattacks industrywide. Through those exercises, we identified where there might be areas to enhance our resiliency and our recovery,” Kenneth Bentsen, chief executive of the Securities Industry and Financial Markets Association, explained.

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