Sat.Oct 19, 2024 - Fri.Oct 25, 2024

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Navigating distressed & problem loans: Legal & borrower considerations

Abrigo

How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle. In this guest column, Jason Alpert, Managing Partner of Castlebar Holdings , explains how financial institutions should respond.

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Amex Q3 restaurant spending growth edges down

Payments Dive

The card issuer has recently focused on courting cardholders hungry for restaurant services, but last week reported spending growth in that category had waned.

Cards 195
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Swipe Smart, Save Big: Your Festive Shopping Cheat Sheet!

BankBazaar

Ah, the festive season is here! There’s something magical in the air — the smell of freshly made sweets, homes adorned with twinkling lights and the hum of excitement as people prepare to celebrate. But let’s be real, the true magic for many is spotting that elusive 50% off sign at your favourite stores! Whether you’re eyeing the latest gadget, planning a wardrobe revamp or looking to upgrade your home, this is the season to splurge.

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Oklahoma bank closed by OCC

ABA Community Banking

The First National Bank of Lindsay in Lindsay, Oklahoma, was closed Friday by the OCC, which appointed the FDIC as receiver. First Bank and Trust in Duncan, Oklahoma, will assume the insured deposits. The post Oklahoma bank closed by OCC appeared first on ABA Banking Journal.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Fintech startup Totem tried to do everything right. What went wrong?

American Banker

The consumer neobank, made by and for Native Americans, understood its target audience deeply and had a plan in place to earn revenue beyond interchange fees. Its struggles to get off the ground reflect other challenges — and lessons — for neobanks where a good idea is only the starting point.

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More Trending

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BVNK and Circle partner to expand USDC use for global payments

The Paypers

Payments infrastructure provider BVNK has partnered with financial technology company Circle to support the utility of USDC for BVNK’s global customer base.

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ABA Foundation announces winners of Community Commitment Awards, Distinguished Service Award

ABA Community Banking

The ABA Foundation named seven banks as 2024 Community Commitment Award winners. Raul Valles of Dallas Capital Bank in Texas to receive the George Bailey Distinguished Service Award. The post ABA Foundation announces winners of Community Commitment Awards, Distinguished Service Award appeared first on ABA Banking Journal.

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Payment fintechs invest in stablecoin, but where are the users?

American Banker

Stripe, Circle and Ripple all made deals in recent days to boost scale for a form of cryptocurrency that has struggled to reach mainstream consumers and businesses.

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Stripe to buy stablecoin company Bridge for reported $1.1 billion

Payments Dive

The CEO's for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.

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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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UK interest rates to fall to 2.75% by next autumn, Goldman Sachs predicts

TheGuardian

Economists at investment bank say markets are underestimating likely extent of action by Bank of England Business live – latest updates Interest rates are on course to fall to 2.75% by next autumn after the Bank of England reduces the cost of borrowing at each of its nine next meetings, a leading investment bank has predicted. Economists at Goldman Sachs said that according to their assessment of the long-term level of interest rates consistent with achieving the government’s 2% inflation target

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Listening to the community: Creating a branch inspired by heritage and local connections

ABA Community Banking

'As proud of our past as we are, our vision is to the future.' The post Listening to the community: Creating a branch inspired by heritage and local connections appeared first on ABA Banking Journal.

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Santander launches its digital bank in the U.S. market

American Banker

Openbank, which has operated in parts of Europe for years, should help the Spanish bank to fund its U.S. auto lending business, executives said.

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Stripe acquires Bridge for USD 1.1 billion

The Paypers

Stripe , a US-based payment processing company, has acquired Bridge , a fintech startup specialising in facilitating payments through stablecoins, for USD 1.1 billion.

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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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HSBC divides into four businesses in major overhaul of operations

TheGuardian

Chief executive Georges Elhedery also announces east-west split in effort to cut costs and navigate geopolitical tensions Business live – latest news updates HSBC’s new chief executive, Georges Elhedery, has unveiled an overhaul of the bank, dividing it into four businesses and a new geographical setup that splits operations into east and west in an effort to cut costs and navigate rising geopolitical tensions.

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Five Tough Questions for Five Big Banks from Wells Fargo’s Mike Mayo

The Financial Brand

This article Five Tough Questions for Five Big Banks from Wells Fargo’s Mike Mayo appeared first on The Financial Brand. Veteran bank analyst is seeking answers from BofA, JPMorgan Chase, Fifth Third, U.S. Bank and Truist. This article Five Tough Questions for Five Big Banks from Wells Fargo’s Mike Mayo appeared first on The Financial Brand.

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How The Most Powerful Women to Watch bet on their futures — and won

American Banker

Many of this year's honorees took a chance on their future careers by asking questions, jumping into unknown markets and believing in their ability to get the job done.

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Checkout.com's study highlights user buying behavior in today's digital economy

The Paypers

Checkout.com has released a new study that highlights the customer buying behavior that powers the current digital economy, conducted across the UK, the US, UAE, and China.

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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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Israeli airstrikes on Lebanon hit branches of Hezbollah-linked bank

TheGuardian

Strikes targeted Al-Qard Al-Hassan buildings in Beirut’s southern suburbs, south Lebanon and the Bekaa valley Middle East crisis – live updates Israel carried out a series of airstrikes on the southern suburbs of Beirut, south Lebanon and the Bekaa valley early on Monday morning, striking buildings belonging to the Hezbollah-run banking institution Al-Qard Al-Hassan.

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Mercury partners with Column

The Paypers

Mercury has partnered with Column in order to provide clients with redundancy, resiliency, and the flexibility to serve firms at various stages of development.

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Nium partners with Swift to simplify cross-border payments for banks

The Paypers

Nium has announced its partnership with Swift in order to enable global financial institutions to benefit from simplified and secure cross-border payments.

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Mastercard, noon Payments to launch Secure Passkey Service in MENA

The Paypers

Mastercard has partnered with noon Payments , a payments service provider in the Middle East and North Africa (MENA), to introduce its Payment Passkey Service in the region.

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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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Tuum launches foundational Islamic Banking and Finance solutions

The Paypers

Tuum has announced the launch of foundational Islamic Banking and Finance solutions in order to deliver comprehensive, Sharia-compliant financial services to its clients.

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Cryptorefills partners with World App for Worldcoin purchases

The Paypers

Cryptorefills has integrated with World App to offer new features aimed at allowing users to make purchases with Worldcoin tokens.

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Ayala sells half its stake in Mynt to Mitsubishi

The Paypers

Philippine-based Ayala has announced that it plans to sell 50% of its stake in Mynt , a fintech company which operates the e-wallet brand GCash, to Mitsubishi for a minimum of USD 318,89 million.

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SCB offers stablecoin solution for cross-border payments

The Paypers

Thailand-based SCB has introduced a stablecoin-based solution for cross-border payments, following the completion of a regulatory sandbox trial.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

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.