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You may have heard the term "shadow banking" and wondered what it is and why it matters to you. Our Bottom Line expert, Anton Schutz from Mendon Capital Advisors explains it all right here.

The challenges faced by the #banking and #financial services (#BFS) sector in managing lending and borrowing effectively, particularly regarding delays and defaults, are substantial. Delays and defaults in repayments pose significant challenges, necessitating strategic interventions for minimizing defaults and expediting recovery processes. Our most recent blog explores the intricacies of deploying sophisticated debt collection management platforms and strategies within the BFS sector. By integrating advanced technologies and comprehensive systems, financial institutions can enhance their oversight and efficiency in managing credit risks. Join us as we delve into the transformative approaches for optimizing collection efforts and safeguarding against financial losses. Beacon Banking Solutions #BankingAndFinance #DebtRecovery #CreditManagement #fintech #FinancialTechnology #RiskManagement https://bit.ly/42ZBy6T

3 weeks left and Portfolio' s Lending 2024 conference is coming! Be a part of it and register now: https://lnkd.in/dYYFVtHr 44 speakers in the program: 🎙 Norbert Annus, Head of Sales, Cofidis 🎙 Bán Zoltán, CEO, Net Média Zrt. (Portfolio Csoport) 🎙 Kristof Ban, Head of Mass Client Department, CIB Bank 🎙 Adam Banai, PhD. MRICS, Executive director for monetary policy instruments, financial stability and foreign reserve management, Magyar Nemzeti Bank 🎙 Andras Becsei, Deputy CEO, Vice President, OTP Bank, Hungarian Banking Association 🎙 Bogdán Krisztina, Head of Corporate Finance, Credit Management Group 🎙 Geza Bruzsa, CEO, Fintrous Group 🎙 Dr. Hajnalka Csorbai, Head of Strategy, OPTEN Kft. 🎙 Gergely Ditróy, Business Development Director, Portfolio 🎙 Adam Egerszegi, Deputy CEO for Transformation, MBH Bank 🎙 Gárgyán Eszter, FX Strategist, UniCredit Research 🎙 Guy Libot, CEO, K&H Bank 🎙 László Harmati, Deputy CEO, Erste Bank 🎙 Hegedűs Orsolya MRICS, Associate, RICS Registered Valuer, Head of Advisory & Head of Research Budapest, Cushman & Wakefield 🎙 Huszár István, Chief Operating Officer, Bankmonitor 🎙 Ivan László, Graboplast Zrt 🎙 Jelasity Radován, Chairman, Chairman of the Board of Directors, CEO, Hungarian Banking Association, Erste Bank Hungary 🎙 Katona Bence, President, CEO, Nemzeti Tőkeholding Zrt., Hiventures Zrt. 🎙 Kementzey Ferenc, Deputy-CEO, Raiffeisen Bank Hungary 🎙 Krisán László, CEO, KAVOSZ Zrt. 🎙 Péter Kuruc, EY 🎙 Tamás Lencsés, Managing Director, EOS Faktor Zrt. 🎙 Madár István, Senior Analyst, Portfolio 🎙 Gergo Molnar, Head of Marketing and Digi Sales, K&H Bank 🎙 Nagy Márton, Minister for National Economy of Hungary, Government of Hungary 🎙 Mihaly Orszagh, Head of Specialized Finance Directorate, K&H Bank 🎙 István Palkó, Senior Analyst, Portfolio 🎙 Éva Palócz, macro analyst, CEO, Kopint-Tárki Zrt. 🎙 Balazs Sandorfi, Founder, CEO, Bankmonitor.hu 🎙 Zoltán Sápi, Analyst, ELTINGA 🎙 Dr. Pal Simak, Chairman-CEO, CIB Bank 🎙 Dr. Levente Sipos-Tompa Dr., Chairman & Chief Executive Officer, MFB 🎙 Levente Szabó, Deputy CEO for Business for Individual Services, MBH Bank 🎙 István Attila Szabó, CEO, Garantiqa Hitelgarancia Zrt. 🎙 Szabó István 🎙 Szendrői Gábor, Deputy Chairman of the European Council, IMAP 🎙 Robert Szerdahelyi, Head of SME Business / SME Directorate, Erste Bank 🎙 Gergely Tardos, Director, OTP Bank 🎙 Tokodi Gábor, Deputy-CEO, FHB Bank 🎙 Kata Tóth, Conference project leader, Portfolio 🎙 Virág Barnabás, Managing Director, Hungarian National Bank 🎙 Zolnai György, CEO, Raiffeisen Bank 🎙 Zsiday Viktor , Portfolio Manager, Hold Alapkezelő Zrt., Citadella Származtatott Befektetési Alap

Deposits are the bedrock of our financial system, ensuring that banks have the liquidity needed to make loans and operate effectively. Without deposits, the entire system would be unviable. Despite their critical importance, deposit management has been one of the slowest areas of banking to innovate—until now. #CommunityImpact #DepositManagement #TreasuryManagement #ampersand https://lnkd.in/g-rNefYm . . . . Ampersand, Inc. is not an FDIC insured bank. Deposit insurance covers the failure of an insured bank.

What are the regulatory implications when BNPL is enabled by software? How should financial institutions prepare when launching #BNPL? Join credit risk expert Fred Rubin and equipifi Head of Customer Success Michelle Wilkinson as they dive into the #regulatory considerations for BNPL. #buynowpaylater #credit #risk #payments #creditunions #financialinstitution #banking

Only 1 in 4 Brits Care if They Have a Bank Branch Nearby Read more: https://lnkd.in/d-AZDeZY #BankingTrends #DigitalBanking #UKFinance #ConsumerBehavior #BankBranches #FintechInnovation #FinancialServices #DigitalTransformation #BritsAndBanking #finance #fintech #FinancialIT

🚀 Exciting news for SME lenders!   Explore the power of the Business Rule Engine (BRE) in our core banking platform, offering endless flexibility and revenue opportunities. Discover how BRE empowers lenders to adapt swiftly to market demands, customize rules in minutes, and enhance efficiency.   Don't miss out - read more now! 👉 https://lnkd.in/e56Y94Fc   #BusinessRuleEngine #SMElending #FinTech

Strengthening Partnerships: AMG Collection Agency and UNO Digital Bank Connect Known for its expertise in debt collection, AMG Collections Services Inc. has extensive knowledge and experience in managing vast portfolios of delinquent accounts. UNO Digital Bank is one of six licensed digital banks in the Philippines. Their vision is to provide simple and accessible banking for an elevated life. They offer a platform for managing your financial journey—saving, borrowing, transacting, investing, and protecting—efficiently and affordably, without compromising quality and security. On October 9, 2024, AMG Collection Agency and UNO Digital Bank gathered for a significant meet and greet event at the Arthaland Century Pacific Tower, BGC Taguig, focusing on building a strong partnership that aims to enhance customer service and financial solutions. A key focus of the event was discussing potential partnership initiatives. Attendees engaged in lively conversations about integrating services to enhance client experiences. Both parties aimed to create joint programs for debt management and promoting financial literacy. As the meeting wrapped up, AMG Collection Agency and UNO Digital Bank left with a renewed commitment to partnership, generating ideas for future collaboration to improve client outcomes. This meet and greet marked a significant step forward in their promising partnership. About AMG: AMG Collections Services Inc. is committed to providing expert debt recovery services while maintaining high ethical and legal standards. With a focus on professionalism, ongoing staff training, and strong client relationships, we prioritize transparency and accountability in addressing debt-related challenges. #partnership #collaboration #debtcollection #AMGcollectionServices #UNODigitalBank #businessgrowth

ZA Bank launches ‘Savings Pot’ with up to 4% p.a. interest rate Calvin Ng, Alternate Chief Executive of ZA Bank, said: “While many recognise the significance of savings, it is often easier said than done to implement effective saving habits. As a forerunner of digital banking in Hong Kong, we are excited to introduce ‘Savings Pot’ to users in 2024. This innovative product is exclusively designed for savings, encouraging users to go back to the basics by separating their savings from their disposable income. We have also added a fun element by incorporating a series of challenges, where users can unlock an impressive interest rate of up to 4% p.a. on their savings. Our aspiration for ‘Savings Pot’ is to make saving easier, enabling users to quickly grow their wealth and move closer to their financial goals.”   https://lnkd.in/eWM8z5dc Dennis Chan Gigi Wong Sonford Yuen Wayne Xu 许炜 Devon Sin Quan Gu #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

Finally got the time to go through Ron Shevlin's 2024 What's Going On In Banking report. Lots of great data for those in banking: ⤵⤵⤵ ➡ Banks and credit unions both expect fintech partnerships to be a driver of growth in 2024. 70% of bank executives and 80% of credit union executives expect the partnerships to be at least a moderate driver of growth, compared to 68% of bank executives and 72% of credit union executives in 2023 ➡ And it does not appear to be all talk, with bank and credit union execs expecting to invest more in fintech partnerships. Banks expect to invest $1.35Mn in 2024, up from $1.01Mn in 2023 (but well below $2.98Mn invested in 2022). Credit unions expect to invest $1.03Mn in 2024, up from $0.88Mn (but below $1.19Mn invested in 2022) ➡ Bank execs' most important objectives for fintech partnerships were creating new products/services, increasing deposit account volume, and reducing opex ➡ Credit union execs' most important objectives for fintech partnerships were improving deposit account opening productivity, increasing loan volume, and reducing fraud losses Check out the full report, link in comments: ⤵⤵⤵