November, 2022

Visa’s next CEO sees a world of growth

Payments Dive

Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company

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What’s next for payments? 5 takeaways from Sibos

Accenture

The payments industry has undergone unprecedented transformation in recent times given the global pandemic, geopolitical shifts, recalibration of supply chains, accelerating digitalization and significant economic turbulence.

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Here Is How To Calculate Your Bank’s Cost Of Capital [Calculator]

South State Correspondent

the As interest rates go back up and volatility continues to remain high, banks’ cost of capital has undergone a significant shift up. Your cost of capital is essential to know for several reasons. Mostly, it gives your board and shareholders a yardstick in which to gauge a bank’s return.

Is crypto a regulated asset or a disruptive technology?

Daily Fintech

The FTX blow up has highlighted this strategic question. This is one WITHOUT a magic quadrant. Crypto is either a regulated asset or a disruptive technology – but it cannot be both. If you believe that crypto is a regulated asset, the easy trade is to buy Coinbase stock (COIN).

What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. Don’t put your loans at risk. Check out the Infographic.

CECL implementation: Survey shows where peers are as 2023 nears

Abrigo

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD.

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Toast surpasses $100B in annualized payments

Payments Dive

The payments company that caters to restaurants reached that quarterly record after significant expansion this year

Sibos: Banks readying to execute on sustainability goals

Accenture

This year’s Sibos conference in Amsterdam lifted the lid on how banks are grappling to become more sustainable and advance the fight against climate change. And what it revealed is tremendously encouraging.

Loan Refinancing – Is Now The Time To Talk To Borrowers?

South State Correspondent

reIt is counterintuitive that you might want to advise borrowers to do a loan refinancing at this stage of the interest rate cycle. The FOMC has raised short-term interest rates by 3.75% in the eight months between March and November.

Stablecoin News for the week ending Wednesday 16th November.

Daily Fintech

Here is our pick of the 3 most important stablecoin stories during the week. As FTX blows up stablecoins hang in there. This week while FTX burned down to the ground, thankfully stablecoins managed to stay for the most part stable.

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Elder abuse: the crisis among veterans and ways to prevent elder fraud

Abrigo

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation, and fraud are rising in the veteran population and can devastate older Americans.

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Will Bank Wealth Managers Miss the Golden Opportunity?

Gonzobanker

New approaches to talent and technology are needed to address changes in the wealth management business model.

Holiday shoppers boost card use this year

Payments Dive

Families of all income levels plan to increase holiday spending this year, and they expect to rely more heavily on credit cards for their purchases

Cards 329

Big banks need to embrace embedded finance – and fast

Accenture

A recent Accenture survey found that embedded finance offerings to small and medium-sized enterprises could increase global bank revenues by as much as US$92 billion by 2025. Embedded finance offers banks a huge opportunity to grow their businesses.

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The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

Should You Advice Borrowers to Refinance Their Loans?

South State Correspondent

The FOMC has raised short-term interest rates by 3.75% in the eight months between March and November. The market is now forecasting an additional 1.25% in hikes by early next year. Borrowers and lenders continue to be surprised by the speed of these increases.

Stablecoin News for the week ending Wednesday 2nd November.

Daily Fintech

Here is our pick of the 3 most important stablecoin stories during the week. How do you regulate Stablecoins? This week we saw two major jurisdictions (Singapore and the U.K.)

What to look for in construction loan automation software

Abrigo

3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." DOWNLOAD .

Examining pros, cons of banks and cryptocurrency

ATM Marketplace

Cryptocurrency has come a long way since its humble beginnings. Is it time for banks to take the plunge into cryptocurrency

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

FIS may cut thousands of workers, Bloomberg reports

Payments Dive

The news report on workforce reductions at the payments processor follows its announcement earlier this month that it would embark on a $500 million cost-cutting program

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Sibos 2022: Payments players partner for success

Accenture

It’s been a busy conference season, and one of my highlights was attending Sibos in Amsterdam, where more than 10,000 leaders from banks and financial institutions around the world gathered to discuss the changing financial landscape—and change was certainly top of mind for those of us in payments.

The Bank Talent Acquisition Opportunity

South State Correspondent

Almost every bank has some form of “human capital management” in its top three challenges for the coming years.

Stablecoin News for the week ending Wednesday 9th November.

Daily Fintech

Here is our pick of the 3 most important stablecoin stories during the week. The What, How and When of CBDC’s in the west. This week we decided to do a deep dive in CBDC’s and in particular the many projects facilitated by the BIS. Yes China has an extensive trail and a number of other […].

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

Transactions: American Express, Square partner on credit card

BankInovation

American Express and digital payment platform Square are teaming up to launch a credit card for Square merchants on the AmEx network. The expanded partnership will better support small businesses by organizing expenses and managing cash flow, according to a release. “Our

Congress bill aims to address ATM crime with heftier penalties

ATM Marketplace

A bill in Congress aims to address ATM theft by putting independent ATMs under federal purview

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Credit swipe-fee relief needed

Payments Dive

“Congress has a responsibility to bring much-needed transparency and competition” to credit card swipe fees, writes the chairman of the trade association for 7-Eleven franchisees

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Four big ideas in the wake of Sibos 2022

Accenture

In the wake of the Sibos conference, it looks to me like banking right now is full of paradoxes. Central bank digital currencies (CBDCs) are a total game changer or a complete dud. Fintechs are an existential threat to incumbent banks or they are their most important partners.

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.