March, 2023

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Payments players caught in SVB fallout

Payments Dive

As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion

Payments 479
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If Only Yankee Stadium II Had Been Built With Blockchain

Perficient

In the Bronx, NY in April of 1998, it was the best of times, and it was the worst of times. The Yankees had won a World Series two seasons prior and had started their 1998 season with their young shortstop, Derek Jeter, on his way to his first All-Star game.

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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

You have undoubtedly heard or seen the various commercials and likely have even received phone calls about Employee Retention Credit, or ERC. The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances.

Taxes 195
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Trade-based money laundering: The link to terrorist financing

Abrigo

Understanding trade-based money laundering Addressing the FinCEN priorities in your AML/CFT policy means knowing what steps to take to prevent trade-based money laundering and terrorism funding. Would you like others articles like this in your inbox?

Training 195
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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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Q1-2 2023 Economic Outlook: Industry Stability following Bank Failures

SWBC's LenderHub

As we have been saying for several of our previous quarterly economic updates, as inflation goes, so goes the U.S. economy. A quick and rapid descent of inflation will take pressure off the Fed to continue raising rates and the possibility of a soft landing improves.

Industry 145

More Trending

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Amex bets on millennials, Gen Z for growth

Payments Dive

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers

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Client Remediation – Running the Program (Part 2 of 3)

Perficient

Analysis 267
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Bank Credit Risk: A Risk-Return Analysis

South State Correspondent

Most bankers are familiar with the concept of risk-return tradeoff, which states that potential return rises with an increase in risk. Low-risk assets pay lower potential returns, whereas high-risk assets pay higher potential returns.

Analysis 195
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Interest rate risk management in a rising rate environment

Abrigo

Strategies for earning more in rising rates Financial institutions need to be intentional with funding strategies and loan pricing models. You might also like this video on managing interest rate risk.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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ICE, Black Knight Selling Empower to Constellation Software: So What?

Gonzobanker

Mortgage lenders may be losing control of their LOS options This week, Intercontinental Exchange (ICE) and Black Knight announced an agreement to sell Black Knight’s Empower loan origination system (LOS) business to Constellation Software, Inc.

Software 144
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SVB, Signature Bank collapse raises questions

ATM Marketplace

The collapse of SVB and Signature Bank have raised questions about the economy, the banking system, cryptocurrency and how banks should respond

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Visa, Discover halt gun code plans

Payments Dive

Discover and Visa said Thursday they’re holding off on earlier plans to implement a new gun merchant category code on their card networks

Cards 435
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Getting Started With Client Remediation (Part 1 of 3)

Perficient

Your firm has, whether it was an individual or collective organization, violated the first component of the Hippocratic Oath – “first, do no harm” (or “primum non nocere,” the original Latin translation from the Greeks) while interacting with a client.

Analysis 267
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8 Ways to Torture Your CFO

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

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things NOT to do when it comes to helping the CFO office support the business.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management.

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SVB: Early lessons for all financial institutions from Silicon Valley Bank’s failure

Abrigo

Stress testing & deposit strategies in the spotlight The failure of Silicon Valley Bank offers other financial institutions the chance to reassess their approaches to and management of interest rate risk, liquidity risk, and credit risk.

eBook 195
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GAO issues report on fintech products; recommends CFPB clarify when earned wage access products are “credit” under Truth in Lending Act

CFPB Monitor

The Government Accountability Office (GAO) has issued a new report entitled “Financial Technology: Products Have Benefits and Risks to Underserved Consumers, and Regulatory Clarity Is Needed.”

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What's the deal with cash recycling?

ATM Marketplace

In a world of increasing competition for customers with neobanks and major staffing challenges at the branch level, banks need to find ways to reduce costs. One method gaining popularity is cash recycling

ATM 125
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Shifting Focus in Today’s Market A Commercial Lender’s Guide

With today's market as it is, where should lenders shift focus? We’ll address 4 emerging products for 2023 and tell you the ‘why and the how’ including several lender use cases. Get the Guide

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PayPal leans on Venmo for growth

Payments Dive

While the digital payments pioneer has kept its PayPal and Venmo operations separate, the parent company expects them to converge in about a year

Payments 435
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How Can Financial Services Institutions Better Support Women? – An International Women’s Day Blog

Perficient

Throughout history and across cultures, women have been forbidden from opening bank accounts, owning property, and taking out loans.

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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

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FinCEN’s check fraud alert: Ten red flags you should know

Abrigo

Ten red flags to help you identify check fraud A financial institution's guide to identifying mail-related check fraud. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss."

Fraud 195
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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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Corporate insolvencies reaching record highs: a look under the hood

BankUnderground

Jelle Barkema How concerned should policymakers be as UK business insolvencies have soared to 60-year highs ?

Policies 104
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Communication key to protect ATMs

ATM Marketplace

How do organizations protect ATMs? Everyone involved needs to work closely together to solve the industry issue

ATM 130
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Square raises prices

Payments Dive

The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market

Software 435
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Embedded Insurance Meets Customers Where They Are

Perficient

In our last blog, How Embedded Finance is Changing Purchasing & Borrowing Behaviors , we looked at embedded payments and loans and why companies would want to offer (increased sales, lower inventory, processing costs, data gathering) these bank-like services.

Meeting 267
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How Automation Can Streamline Your Month-End Close Process

Start the new year with powerful automation for your month-end close and reconciliation process. See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit ready.