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How To Do Better Against National Bank Lending Competition

South State Correspondent

Understanding the competitive banking landscape helps community banks set proper pricing, respond to rival marketing, and compete more effectively. Many existing community bank customers and prospects are also national bank customers. The largest 100 banks dominate the industry with almost 75% of the market share.

National 195
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FinCEN issues alert on Russian sanctions evasion in real estate market

Abrigo

FinCEN alert targets Russian CRE sanctions evasions FinCEN reminded banks of red flags to watch for to detect CRE market money laundering, particularly by sanctioned Russian elites. Banks should beware of market participants who keep lowering their stakes to avoid detection while still maintaining control of the fund.

Marketing 195
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Goldman Invests $40M In LeanTaaS Healthcare Software Firm

PYMNTS

Silicon Valley software innovator LeanTaaS closed a $40 million Series C3 funding round led by Goldman Sachs , LeanTaaS announced in a press release on Thursday (Dec. The money will also be used to hire of key leaders in engineering, data science, product management, sales and marketing. trillion in 2018.

Software 130
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AML human trafficking red flags and other ways banks can support victims

Abrigo

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. According to the  National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various  types of human trafficking.

Training 259
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Bill Proposes Requirement Of Russian Software On Tech Devices

PYMNTS

Russian lawmakers are proposing legislation that would require all smartphones, computers and smart TVs sold in Russia to come pre-installed with certain Russian software. Reuters reported that the draft bill aims to support domestic software producers, allowing authorities to create a list of mandatory, local software.

Software 122
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Square Partners With Washington Nationals To Offer In-Seat Concessions

PYMNTS

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. Alan Gottlieb, chief operating officer at Lerner Sports Group, said it was important for Nationals fans to get the most out of their ballpark experience.

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Nucleus Software Targets Real-Time Payments Fraud

PYMNTS

Banking technology firm Nucleus Software is rolling out a new solution to address this issue for financial institutions. Every release of FinnAxia builds upon the deep expertise that we have gained from working with transaction banks across the globe — national champions or multinational players.”. Singh in a statement.

Software 100