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Banking

Preparing for ISO 20022: What banks need to know | PaymentsSource
Banking Date Publication: Jun 25th, 2024

Banks and their clients around the world are at different stages of preparation for the March 2025 migration to new ISO 20022 global payment messaging standards.somchairakin/Adobe Stock After years of planning and delays, momentum is building for banks to adopt the ISO 20022 messaging standard next year. The standard aims to improve the speed and […]

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Quantifying success: Laura Kornhauser | American Banker
Banking Date Publication: Jun 25th, 2024

Laura Kornhauser, Co-founder and CEO, Stratyfy Laura Kornhauser was working with a team at JPMorgan Chase that had developed a new product offering quantitative investment solutions when the Dodd-Frank Act came out, just before her product launch date. “We ran into a brick wall because we didn’t have the right technology to comply with this […]

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The CFPB finds nonexistent problems, threatening services users value
Banking Date Publication: Jun 24th, 2024

The Consumer Financial Protection Bureau’s attacks on credit card reward programs don’t square with the fact that the vast majority of consumers are very satisfied with their service, writes Richard Hunt, of the Electronic Payments Coalition.Davivd/Adobe Stock The Consumer Financial Protection Bureau recently issued a report to coincide with a politically motivated joint hearing with […]

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The impact of generative AI in banking
Banking Date Publication: Jun 24th, 2024

Following the release of our new report, “The age of AI: Banking’s new reality”, I sat down with my team to discuss how generative AI is reshaping the banking industry. It sparked an interesting conversation about current adoption journeys, strategic priorities, and the exciting possibilities ahead for banks. I thought I’d share some of the […]

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The Benefits of Managing Your Money Online
Banking Date Publication: Jun 24th, 2024

Managing your money via online banking is the smart way to keep an eye on your finances these days. After all, who has time to spend visiting the nearest branch of your bank to do such trivial things as paying bills, depositing cash, or checking your account details? Apparently not many people, with over 76% of individuals […]

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The History of the Wirecard Scandal
Banking Date Publication: Jun 24th, 2024

In the UK thousands of Wirecard customers suddenly found themselves locked out of their online bank accounts, unable to pay for essentials. But how did a company in Germany losing nearly €2 billion stop people in the UK accessing their online bank accounts? In the days preceding the scandal, there were accusations of financial irregularities […]

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American Banker news quiz: June 24
Banking Date Publication: Jun 24th, 2024

In this edition of American Banker’s news quiz, see how familiar you are with news surrounding potential changes to the Consumer Financial Protection Bureau’s rulemaking ability, the Synapse bankruptcy, industry turnover of chief financial officers and more. Click here to try out the most recent test. Source link

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Generating new insights: Pat Jacobs
Banking Date Publication: Jun 24th, 2024

Pat Jacobs, Chief Digital Officer, Midland States Bank Pat Jacobs brought more than 15 years of experience in technology and information services when he joined Midland States Bank in March 2018 as chief digital officer. Since then, he has been at the front of the $7.8 billion-asset bank’s campaign to improve how it generates insights […]

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The 20 top-performing banks with between $2B to $10B of assets
Banking Date Publication: Jun 24th, 2024

Last year proved a difficult one, even for the best performing larger community banks. Banks with between $2 billion and $10 billion of assets reported a decline in net income, a drop in core deposits and a higher cost of funds. This held true even for the top-performing banks in this asset category. Every year, […]

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Keeping current with Crypto: Cuy Sheffield
Banking Date Publication: Jun 24th, 2024

Cuy Sheffield, Vice President and Head of Crypto, Visa Cuy Sheffield is guiding Visa’s journey into the realm of crypto. Sheffield joined the card network’s merchant partnership division in 2015, after Visa bought the the California-based commerce firm TrialPay (now known as Visa Commerce Solutions) for an undisclosed amount. He spent four years in that […]

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