September, 2024

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Fed payments proposal pits big banks against small rivals

Payments Dive

The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

Payments 412
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Dialing Up Performance in Home Equity Lending

Gonzobanker

A few key focus areas can help lenders stay on top of the home equity game. With the inefficient, circa-2004 borrowing processes resident in many banks’ loan departments today, too few lenders are equipped to deal with the rising tide of home equity volumes that will descend like a tsunami on their operations the moment Fed chairman Jerome (What-Are-We-Waiting-For) Powell announces a rate cut.

Lending 144
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Banking social media strategy: Developing impactful content

ATM Marketplace

Regina DeMars, director of content marketing and social media strategy at FNBO, delivered a keynote session about content strategies that work at the Bank Customer Experience Summit.

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‘At the end of the day, it’s all about financial empowerment’

ABA Community Banking

As chief corporate responsibility officer for Webster Bank, Marissa Weidner works across the bank's footprints and business lines to help advance the bank's goals of financial empowerment. The post ‘At the end of the day, it’s all about financial empowerment’ appeared first on ABA Banking Journal.

Resources 111
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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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10 Factors Lenders Consider for Loan Commercial

Commercial Lending USA

Get expert insights on the key factors lenders evaluate when assessing loan commercial applications. Learn how to improve your chances of securing financing for your business.

More Trending

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Visa faces possible DOJ lawsuit, news reports say

Payments Dive

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

Report 402
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Silvergate executive blames Fed, FDIC and OCC for bank's collapse

American Banker

As Silvergate Capital filed for Chapter 11 bankruptcy protection, an executive said the company's crypto-friendly bank went down last year because regulators soured on its business model.

FDIC 101
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Banks must modernize or fall behind

ATM Marketplace

In an era where digital innovation is paramount and cybersecurity threats are more prominent than ever, financial institutions find themselves at a critical crossroads.

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Podcast: When going through a core conversion pays off

ABA Community Banking

Most bankers dread the thought of a core conversion, but once that decision is made, the process can open up new opportunities for strategic growth. The post Podcast: When going through a core conversion pays off appeared first on ABA Banking Journal.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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BNP Paribas to acquire HSBC's Private Banking activities in Germany

The Paypers

Financial services company BNP Paribas has announced its agreement with HSBC to acquire its Private Banking activities in Germany, aiming to further solidify its position in the industry.

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UK savers urged to find better deals after several banks cut interest rates

TheGuardian

Bank of England may have kept rates steady this week but TSB, NS&I and others have all announced cuts Interest rates may have been kept on hold this week, but the direction of travel is clearly downwards, with savers being urged to check the returns they are getting and switch to a better deal now if their rate isn’t competitive. On Thursday, the Bank of England kept its base rate at 5% after cutting it in August, though many economists think there will be another cut, to 4.75%, at the next

Meeting 107
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Who really pays for your credit card reward points?

Payments Dive

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

Cards 415
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The Power of Podcasts: A New Frontier in Brand Narratives and Media Strategies

William Mills

In today's digital era, podcasts have emerged as a powerful medium for storytelling, knowledge sharing, and building communities. With their rise in popularity, podcasts are no longer just a source of entertainment or education–they are now a key component to brand narratives and media strategies. For companies looking to enhance their PR efforts, working with podcasters offers a unique opportunity to reach niche audiences and build brand credibility in an increasingly crowded market.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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Avoiding banking transformation pitfalls

ATM Marketplace

A panel at the Bank Customer Experience Summit addressed how to avoid banking transformation pitfalls

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TD Bank names Chun as CEO

BankInovation

TD Bank named Raymond Chun its incoming chief executive today after current CEO Bharat Masrani announced plans to retire in April. Chun, who serves as the bank’s group head of Canadian personal banking, will become chief operating officer Nov. 1 as he plans to step up as CEO on April 10, Masrani said today during […] The post TD Bank names Chun as CEO appeared first on Bank Automation News.

Groups 84
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Fintechs need to get proactive about setting industry standards

American Banker

If companies want to keep partnering with banks to build innovative financial services, they need to stop thinking about regulation as their partner banks' problems and start being part of the solution.

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UK reportedly poised to slash amount banks must refund to fraud victims

TheGuardian

Regulator said to be planning cut to maximum amount available to victims from £415,000 to about £85,000 The UK is reportedly poised to slash the planned maximum amount that banks will have to refund to fraud victims – from £415,000 to about £85,000 – after strong lobbying from lenders, fintechs and some politicians. Fraud in the UK payments industry has soared in recent years, with a sharp rise in authorised push payment (APP) scams, which often involve email accounts being hacked to trick peopl

Fraud 111
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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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North American cashless payments to climb 7% by 2028: report

Payments Dive

Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.

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Unsecured Commercial Loan: A Smart Business Move?

Commercial Lending USA

Need a business loan? Learn about unsecured commercial loan. Fast approval and competitive rates. Contact Commercial Lending USA today.

Lending 98
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Branch innovation, AI claim top spots in Bank Customer Experience Awards

ATM Marketplace

The BCX Awards honored SF Fire Credit Union, Talkdesk and Chongqing Rural Commercial Bank for innovation in banking.

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Auto lenders lean into AI for customer service

BankInovation

Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting. Subprime auto lenders can use AI to ensure staff and resources are assigned to tasks that help navigate affordability challenges, operational costs and credit risk, Harvey Singh, chief operating officer at Veros Credit, said during a […] The post Auto lenders lean into AI for customer service appeared first on Bank A

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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CBDCs fall out of favor; analysts slam Global Payments

American Banker

Canada and Australia de-emphasize government-backed digital currency projects while Morgan Stanley and BTIG criticize Global Payments' strategy as the processor's stock slides.

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Nationwide to allow first-time buyers to borrow six times their earnings

TheGuardian

Building society ramps up mortgage price war with ‘gamechanging’ move, and it also cuts rates Britain’s biggest building society is to let first-time buyers borrow up to six times their earnings in what has been labelled a “gamechanging” move that ramps up the mortgage price war. Weeks after it was announced that the Halifax and Lloyds would allow new buyers to take out loans worth up to 5.5 times their household annual income , Nationwide said it would now go up to six times income – a first fo

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Mastercard acquires cybersecurity firm for $2.65B

Payments Dive

The acquisition is the latest in a series of cybersecurity firm purchases by the card network over the years.

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Shining a light on private equity backed corporates in five findings

BankUnderground

Neha Bora, Sarah Burkinshaw, Alice Crundwell and Tuli Saha Private equity (PE) has rapidly become an important source of financing for UK businesses. Funds use pools of capital, largely from institutional investors, to primarily invest in non-publicly traded companies. We shed light on this growing sector with a new and novel data set of around 9,000 privately backed corporates in the UK.

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.