Abrigo
JULY 20, 2024
Ready to catch the next wave of lending growth? Commercial and industrial lending (C&I) will be the next big performance driver for banks and credit unions. Financial institutions should get ready now. You might also like this paper on how institutions can produce smarter, faster lending. DOWNLOAD Takeaway 1 If opportunities to drive bank or credit union performance are like the waves surfers seek.
Jack Henry
JULY 23, 2024
Grow your financial institution and reduce risk and fraud with open banking strategies and real-time payments. Click to learn about the benefits of open banking technology.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
South State Correspondent
JULY 24, 2024
There have been many a banker who has said they want to offer a high-yield account because the “higher interest expense is just like paying marketing costs.” This banker may even be thinking of starting a completely new digital bank using a high-yield account as its flagship product. The logic that “rate sells itself” is true.
Payments Dive
JULY 22, 2024
Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.
Advertisement
Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
BankBazaar
JULY 23, 2024
Here’s a quick round-up of key taxation changes in the Union Budget 2024-25 that may impact your earnings this year. Explore BankBazaar >> The post Union Budget FY-25: Taxation Updates You Need to Know appeared first on BankBazaar - The Definitive Word on Personal Finance.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
JULY 21, 2024
The biggest surprise for bank managers using risk-adjusted return on capital (RAROC) loan pricing models is the low return on equity (ROE) on smaller, shorter, and lower-credit quality commercial loans. Those ROEs tend to subtract substantial value from the bank and show negative returns – sometimes in the negative double digits. However, one aspect that many bankers do not address when using RAROC models is that prepayment speeds are a significant driver of negative ROEs, and adjusting loans
Payments Dive
JULY 24, 2024
The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.
American Banker
JULY 22, 2024
Arrested four times for blocking the entrance to Citigroup, a veteran climate protester wonders why more rank-and-file bankers don't make common cause with activists trying to prevent the funding of fossil fuel development.
BankInovation
JULY 26, 2024
Chicago-based Alliant Credit Union has selected Jamie Warder as its chief information officer and head of business strategy, effective July 8. In his new role, Warder is responsible for the technology and business strategy at the $20 billion credit union, according to a company release.
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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
ATM Marketplace
JULY 21, 2024
This whitepaper delves into the emerging threat of deep insert skimming, a sophisticated form of ATM fraud characterized by wafer-thin devices hidden inside card readers, making detection challenging.
Payments Dive
JULY 22, 2024
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
TheGuardian
JULY 24, 2024
Move paves way for fintech firm to hold customers’ deposits and offer own-branded loans, including mortgages Revolut has secured a UK banking licence – with “restrictions” – more than three years after Britain’s most valuable fintech firm lodged its application with regulators. It is a milestone for the company, though it may still be some time before it can hold its customers’ deposits.
BankInovation
JULY 26, 2024
NatWest is interested in investing in technologies that it may have use for, such as payments solutions provider Icon Solutions. “That’s how the conversation started around [NatWest’s] investment,” Tom Kelleher, founder and commercial director at Icon Solutions, told Bank Automation News.
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.
American Banker
JULY 24, 2024
The bank is developing algorithmic models that will be ready to take advantage of quantum computers when they become powerful and reliable enough to use. It's also taking steps to defend itself against the day cybercriminals can harness quantum computing to break the encryption protocols everyone uses.
Payments Dive
JULY 26, 2024
“Interfaces need to be standardized to ensure a consistent and reliable payment experience for businesses and consumers,” writes one payments software executive.
TheGuardian
JULY 20, 2024
Cash provides essential fallback when digital payments break down, Payment Choice Alliance points out
BankInovation
JULY 25, 2024
BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24.
Advertisement
Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra
American Banker
JULY 24, 2024
The embattled Long Island-based bank announced the hiring of nine new senior executives. Most of them have ties to CEO Joseph Otting, who previously held the top job at the OCC and OneWest Bank.
Payments Dive
JULY 25, 2024
Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.
TheGuardian
JULY 25, 2024
Bank sets aside just £44m for bad debts and defaults in second quarter amid upbeat outlook Business live – latest updates Fewer borrowers are likely to default on their loans and mortgages, Lloyds has said, as the banking group upped its forecasts for the UK economy. In fresh estimates released as part of its second-quarter results, Lloyds said it expected the economy to grow 0.8% in 2024 – double the rate of growth forecasted in April, when it predicted a 0.4% rise.
BankInovation
JULY 25, 2024
Lloyds Bank is looking to modernize its platform through AI and beefing up its tech team. “By digitizing end to end and modernizing our technology estate, we’re increasing efficiency benefits as we scale,” Chief Executive Charlie Nunn said during the bank’s second-quarter earnings call today.
Advertisement
Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.
American Banker
JULY 25, 2024
New York Community Bancorp reported a net loss of $323 million for the second quarter as it further boosted its provision for credit losses and recorded a steep increase in net charge-offs. The parent company of Flagstar Bank also plans to sell its residential mortgage servicing business to Mr. Cooper.
Payments Dive
JULY 23, 2024
The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.
ATM Marketplace
JULY 23, 2024
A panel at the upcoming Bank Customer Experience Summit will cover how banks can craft new and improved retail spaces.
BankInovation
JULY 25, 2024
Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc and HSBC Holdings Plc.
Advertisement
Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Expert insights. Personalized for you.
195 
Let's personalize your content