January 30 – Global spend via mobile wallets is expected to rise by nearly 32 percent this year to $1.35 trillion, a new study from Juniper Research has found.
Safe Systems, a national provider of fully-compliant IT and security services for community banks and credit unions, has published a free white paper, “2017 Community Bank Information Technology Outlook,” which is now available for download on its website. The white paper is based on results from a survey the company conducted to identify IT priorities for community financial institutions, and features survey feedback on 40 questions from approximately 100 respondents from community banks with asset sizes of $100 million to more than $1 billion.
In the current lending environment, many financial institutions are looking to commercial real estate to drive growth in their portfolios. As a result, competition to win deals is intense. It is critical, however, for banks growing their CRE portfolios to satisfy regulators’ concerns over risk management of those loans. Best practices related to origination, lending strategy and portfolio management can ensure profitable CRE portfolio growth and satisfy regulators that institutions are lending responsibly.
THE CRE LENDING SURGE
Commercial real estate is the largest lending category for U.S. banks, and the category has experienced tremendous growth — especially since the financial crisis. “Since the trough in CRE lending in mid-2012, CRE loans outstanding have increased to $3.6 trillion and now represent 19.8 percent of national GDP,” according to researchers with the Federal Reserve Bank of Philadelphia. And over the past 20 years, the share of CRE loans in the portfolios of midsize and small banks has roughly doubled, the researchers said.
Click here for the complete white paper.
October 18 – New research from leading Fintech analyst, Juniper Research, finds that over 2 billion mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2 billion this year globally. Growth in mobile banking is being driven by consumer adoption of banking apps the changing way consumers manage their finances.
October 6 – Many cardholders and merchants have highlighted EMV transaction speeds as an area for improvement as the U.S. continues its migration to EMV chip technology. To provide guidance for issuers and merchants on speeding up EMV transaction times, the U.S. Payments Forum has released a new white paper that provides details on three approaches: “faster EMV” solutions, contactless/Near Field Communication (NFC) transactions, and EMV checkout optimization.
August 16 – A large majority of customers want innovation from their banks, according to a survey produced by technology firm Sopra Banking Software. The report was compiled using data from a survey of 5000 customers in six European Countries (France, UK, Germany, Spain, Belgium and the Netherlands). (more…)
August 10 – Count independent ATM deployers — such as those found in convenience stores, airports and gas stations — among the players with a grievance toward Operation Choke Point, reports the ATM Industry Association in a recently released white paper. (more…)
July 21 – The Electronic Transactions Association (ETA), the global trade association representing the payments technology world, has released a white paper that explores how ETA member companies are driving financial inclusion and access by using technology to deploy innovative products and services.
July 18 – Contactless payments provide U.S. issuers and merchants with an opportunity to improve payments security, transaction speeds and the customer experience. To help payments stakeholders better understand the value and benefits contactless payments provide, the Smart Card Alliance has released a new white paper, “Contactless EMV Payments: Benefits for Consumers, Merchants and Issuers.” The white paper answers the most important questions about the adoption of contactless payments, such as: how contactless fits into today’s payment industry; what is currently different from earlier adoption attempts; and why the ideal time to go contactless is now.