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2022-05-09 08:55:50

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Menu Show Search Log In Subscribe Banking Commercial Consumer Community Industry & People News M&A Small business Earnings Bank Industry Data POLICY Politics & policy Regulation & compliance Federal Reserve CFPB Fraud PAYMENTS Payments Home Cryptocurrencies Digital payments Credit cards TECH Technology Digital banking Fintech Cyber security Advances in Tech CREDIT UNIONS Credit Unions Home Opinion WORKPLACE Workforce management Recruiting Diversity & equality ESG Compensation OPINION Leaders Forum Events Research Podcasts Webinars and Whitepapers Magazine LATEST American Banker Nominations are now open for the Most Powerful Women in Banking and Finance 2022 American Banker The revolution will not be centralized American Banker Dimon pay should be rejected by JPMorgan investors, advisor says American Banker M&T Bank names new leader for ESG initiatives American Banker Florida credit union overhauls its fraud prevention with big assist from AI American Banker Baylor Health Care System Credit Union in Dallas hires first female CEO American Banker Latest banking news BANKTHINK Aaron Cutler Michael Barr's an excellent pick to be Fed's vice chair of supervision David L. Dubrow Public banks: A viable, safe way to leverage public money Greg Woolf A call for collaboration in the fight against digital fraud PAYMENTS American Banker Plaid, Stripe execs air grievances over new aggregation service American Banker Banks, payment companies battle climate change with incentives American Banker Mastercard beefs up its defenses against first-party fraud RESEARCH Exclusive research The race against obsolescence: Future-proofing your organization  Sponsored by Temenos American Banker Exclusive research Enabling innovation: Cybersecurity’s next act Exclusive research Flexibility, fear and fortitude: Finance faces the future Sponsored by Acxiom American Banker Exclusive research Self-sabotage: How companies hurt themselves by neglecting DEI American Banker Exclusive research The good, bad and ugly about fast money in financial services RESOURCES Other Online onboarding with 20 U.S banks: security vs usability Sponsor Content from iProov Web Seminar Build vs Buy: How to get the best of both worlds Sponsor Content from Backbase White Paper The state of unclaimed property Sponsor Content from Sovos White Paper 6 critical pain points banks can automate now Sponsor Content from KnowledgeLake Web Seminar Solving the password problem: Why passwordless is the future of authentication Sponsor Content from OneSpan Bank technology Risk management Data modeling Workforce management Talent gap poses challenge as banks seek to validate their models Nearly three in four banks said in a recent survey that finding people with the right skills is a hurdle as they try to comply with decade-old rules regarding their financial models. By Jon Prior May 7 3 Min Read SHARE THIS STORY Twitter LinkedIn Email Regulation and compliance Fed: falling market confidence, profitability among top risks for banks In its semiannual supervision and regulation report, the central bank cited strong balance sheets and liquidity but found risks for smaller banks. By Kyle Campbell May 7 Digital banking Ally Financial is ready to move beyond its auto-centric past A dozen years after its spinoff from General Motors, the company is focusing on the future of online retail banking. Next on its agenda: Human financial advisors. By Chana Schoenberger May 6 Politics and policy CFPB reiterates skepticism of AI in fair lending report The Consumer Financial Protection Bureau filed more actions against redlining and discriminatory practices in 2021 and is skeptical that that predictive analytics will reduce bias. By Kate Berry May 6 Payments Credit card fees in the crosshairs as Sen. Durbin revisits interchange Citing inflation’s effect on rising payment card pricing, the senator convened a Judiciary Committee hearing to reassess rules that resulted in caps on debit transaction fees 11 years ago. By Kate Fitzgerald May 6 The Most Powerful Women in Banking: Next 2022 Industry News Women in Banking: Next 2022 Women in Banking Most Powerful Women in Banking: Next 2022 Our annual list of the rising stars in banking and finance. By Kate Berry May 1 1 Min Read Industry News Women in Banking Women in Banking: Next 2022 Tonya Calix, Beach Bank | Next 2022 The first African American member of the executive team, she’s working to bring more minorities into leadership positions at the bank. By Mary Ellen Egan May 1 3 Min Read Women in Banking: Next 2022 Industry News Women in Banking Caroline Donlin, BMO Harris Bank| Next 2022 Navigating the SBA lending system brought a new set of challenges for this commercial banker. By Chana Schoenberger May 1 2 Min Read Women in Banking: Next 2022 Industry News Women in Banking Meghan Shue, Wilmington Trust | Next 2022 When the war broke out in Ukraine, this head of investment strategy acted quickly to protect the bank’s assets. By Kate Berry May 1 2 Min Read Women in Banking: Next 2022 Industry News Women in Banking Laura Howe, Wells Fargo | Next 2022 Responsible for a five-state territory, this regional director often travels 500 miles a week visiting branches and customers. By Mary Ellen Egan May 1 2 Min Read The Most Influential Women in Payments Most Influential Women in Payments 2022 Payments PSO content PSO feature Women in Payments Payments Forum articles The Most Influential Women in Payments, 2022 This year's Most Influential Women in Payments honorees span the globe, demonstrating the universal importance of personal connections and career mobility, as well as the ways technology can connect a hybrid workforce and propel commerce. By Kate Fitzgerald March 15 1 Min Read Most Influential Women in Payments 2022 Payments PSO content Women in Payments Payments Forum articles From life under communist rule to the C-suite: Affirm's Silvija Martincevic Martincevic, one of American Banker's Most Influential Women in Payments for 2022, immigrated to the U.S. alone at age 17 without knowing how to speak English. She became the first person in her family to obtain a college degree. By Kate Fitzgerald March 15 3 Min Read Most Influential Women in Payments 2022 Payments Women in Payments PSO content Payments Forum articles How Verizon's Attie Muse became a real-time payments pioneer Muse, one of American Banker's Most Influential Women in Payments for 2022, has put the wireless carrier ahead of many banks in its adoption of real-time payments technology for billing. By John Adams March 15 3 Min Read Best Banks to Work For Recruiting Employee benefits Community banks Best Banks to Work For Best Banks to Work For 2021 Executives at the 90 institutions that made the ninth annual ranking are boosting benefits to attract new employees, amid intense competition for talent. They’re also rethinking how they approach recruiting and increasing their diversity efforts. By Laura Alix November 8 2 Min Read Community banking Recruiting Employee retention Best Banks to Work For How banks are combating high employee turnover Americans are changing jobs in record numbers, posing a challenge for all employers. Here's how the Best Banks to Work For are redoubling their efforts to recruit and retain talent. By Joel Berg November 12 6 Min Read Workforce management Work from home Community banking Best Banks to Work For Remote work is here to stay. Banks are still sorting out how to adapt. Now that dispersed workforces are expected to be the long-term norm, banks are taking steps to maintain a sense of teamwork and giving managers new training in troubleshooting. By Joel Berg November 16 8 Min Read Community banking Diversity and equality Best Banks to Work For Women in Banking ESG Banks aim to improve gender diversity with homegrown talent Recruiting from competitors can be hard to pull off, and it won’t create more equity in the industry. Some of the Best Banks to Work For are finding ways to develop, support and promote women who are already on the payroll. By Stephanie Schomer November 19 8 Min Read Community banking Bank technology Workforce management Best Banks to Work For RPA AB - Technology Leaving the ‘numbing’ tasks to machines First Busey Corp. is investing in software to eliminate the drudgery of some tasks. But this Best Bank to Work For will judge the success of the tech initiative by employee engagement more so than just efficiency. The goal is to boost morale. By Jon Prior November 11 2 Min Read Employee engagement Community banking Best Banks to Work For Training ‘There’s more to employee satisfaction than a paycheck’ From paying for lawn care when an Army Reservist on staff was deployed to offering employees office space and laptops for their children to do school work, United Bank in Alabama aims to make life easier for the people who work there. It is also ramping up internal training programs. By Laura Alix November 10 3 Min Read Community banking Workforce management Best Banks to Work For Diversity and equality ESG Women in Banking Centric Bank goes back to school to achieve diversity goals The Pennsylvania community bank lacked the resources to go all-in on developing a diversity, equity and inclusion policy, so it turned to grad students at Georgetown University for help. By John Reosti November 9 4 Min Read PODCASTS Tax laws Banks’ battle against IRS reporting isn’t over The banking industry has been working to beat back a proposal that would require banks to disclose certain customer account information to the Internal Revenue Service. But even if they succeed, the problem of unreported taxable income isn't going away. Remittances What will it take to get banks back into remittances? Immigrants transfer billions overseas every year, and that market is dominated by nonbanks, crypto and fintechs. Those services could help banks get more customers in the door, but it’s easier said than done. AB - podcast Where ConnectOne Bank is investing in tech and fintech The acquisition of the small-business lending marketplace Boefly and partnerships with the loan software company nCino and the construction lending fintech Built are among the efforts helping the New Jersey bank compete with fintechs that have gotten good at serving niche markets, says Frank Sorrentino, its CEO. Fintech What Seattle Bank learned from the collapse of the Google Plex deal The bank was one of the 11 that collaborated with Google in 2020 on a plan to introduce checking accounts through Google Pay. Josh Williams, chief banking officer and head of partnerships at Seattle Bank, talks about what the company gained from that experience and what he looks for in potential fintech partnerships. Best Credit Unions to Work For Credit unions Best Credit Unions to Work For CUJ content CUJ feature The Best Credit Unions to Work For, 2021 Increased access to telehealth visits. Cash incentives to get vaccinated. Bring your dog to work — every day. These credit unions, though still providing traditional team-building fun and games, have taken extra steps this year to cater to the needs of employees. By W.B. King August 25 1 Min Read Best Credit Unions to Work For CUJ content CUJ feature Credit unions The Best Credit Unions to Work For with assets of more than $1 billion, 2021 Employees of these credit unions, the largest of this year's Best Credit Unions to Work For, get perks such as one-on-one meetings with the CEO, time off to volunteer, and better loan rates. By W.B. King September 3 1 Min Read Best Credit Unions to Work For CUJ content CUJ feature Credit unions The Best Credit Unions to Work For with assets of $500 million to $1 billion, 2021 These credit unions range offer perks such as higher starting wages, on-site training and annual bonuses. They also foster a sense of community with game nights, holiday parties and birthday celebrations. By W.B. King September 3 1 Min Read Best Credit Unions to Work For CUJ content CUJ feature Credit unions The Best Credit Unions to Work For, under $500 million of assets, 2021 Massages, a "bring your dog to work" policy, telemedicine and Zoom happy hours help these credit unions strike the right balance between work and personal needs. By W.B. King September 3 1 Min Read More from American Banker Cryptocurrencies The revolution will not be centralized Decentralized finance, or DeFi, could revolutionize the way money works, how it is controlled and how its power is distributed. But is DeFi the future or hype? By John Heltman 8h ago Fintech Apple places deposits at banks catering to the underserved The technology giant is partnering with a fintech firm to deploy $25 million of deposits at minority-owned banks, community development financial institutions and other mission-focused lenders. It’s part of a broader effort by the iPhone maker to combat systemic racism. By Allissa Kline May 6 Caught between bankers and activists, can the CRA reform proposal make everyone happy? Key divisions remain on the explicit inclusion of race and the strength of Community Reinvestment Act exams, but both sides are pleased with the promise of increased clarity and transparency. By Claire Williams May 6 Community banking Activist investor sues Republic First for delaying its annual meeting A U.S. District Court ordered the Philadelphia-based bank, headed by Vernon Hill, to respond by Monday to Driver Management’s claim that its board improperly postponed a May 10 shareholder meeting. By John Reosti May 6 Commercial banking Large loan deal shows pot banking keeps becoming more mainstream A cannabis-related company said it has secured a $60 million credit facility backed partly by East West Bank. The California-based regional bank is moving into a realm once dominated by small banks, credit unions and more expensive nonbank lenders. By Polo Rocha May 5 See All Digitizing Agreements: Take a quick quiz to see where your business ranks among industry peers. Take the Quiz Digital Identity in 2022 and Beyond On-Demand Webinar IPv6 Adoption: 5G is Finally Ushering in the New IP Protocol. Are you Ready? Sponsor content from Neustar Report: A Better Way to Stop Fraud and Deliver Seamless Customer Interactions Sponsor Content from Neustar Advances in Tech Automate your Cross Sell and Build Customers for Life Partner Insights from Total Expert Launch by Nymbus: Accelerating Your Financial Institution Toward Digital Banking Excellence Partner Insights from Nymbus Banking reimagined: Transform and modernize How financial firms can jump-start their digital asset strategies Partner Insights from EY Podcast Why Corporate, Commercial and SME banks should rethink client onboarding Partner Insights from EY Banks can enhance customer value with long-term value strategies Partner Insights from EY Press Releases Financial Institutions Falling Short in Use of Technology to Combat Fraud Partner Insights from Guidehouse BANKS’ BENEFITS BUST Bank of America became the poster child for regulatory and reputational risks associated with providing government benefits on prepaid cards. 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