Central Bank of Ireland’s Post

Local Stock Update. Ansa Merchant Bank Ltd (AMBL). Opening price today $42.63. We maintain an Underperform rating with a target price of $40.68 and a fair value range of TT$38.65-TT$42.72. AMBL pays dividends in May & Nov. It's trailing dividend is $1.20 per share. - AMBL reported profitability from loss positions for the same period last year. They recorded a profit after tax of TT$64.5 million from a loss of TT$128.8 million in the corresponding prior year. Additionally, operating profit improved by 165.7% to TT$87.7 million from a loss of TT$133.4 million in the corresponding prior year.  - Improvement also came from their Banking Division. The division comprising ANSA Merchant Bank Limited, ANSA Merchant Bank (Barbados) Limited and ANSA Bank Limited recorded a 67% increases in total income. - The Insurance segment recorded a 106% growth in total income to TT$350.3 million from TT$169.7 million.  - Our target price was revised upwards based on expected increases in revenue for AMBL in the coming year amid recent acquisitions both in the Banking and Insurance segments. See report for more info. Research desk: Laura Rajcoomar, Sharifa Hodge, David Paul

Amidst ongoing deposit competition in the industry, Federal Bank remains focused on strengthening its retail deposit base by focusing on right segments offering competitive interest rates and continuously delivering innovative liability product offerings. Read more at https://lnkd.in/gv9MaHv4

According to TransUnion’s latest findings, YoY bankcard originations declined 6.8% in Q4 2023. However, with 19.3M cards originated, this volume remained 2.3% above 2019 levels. Read more on key industry trends here: http://transu.co/6049eWAV3 #CreditInsights #Lending #CreditTrends

How we Streamlined Cross-Border Payments for a Mortgage and property investment firm in the UK Our client was a mortgage and property investment firm in the UK that connects buyers and sellers of properties in the UK. However, they faced significant challenges when it came to their customers processing payment for the properties purchased. In our interaction with them, we noticed a few of their challenges. 1. Currency Conversion and Exchange Rates: - Buyers and sellers often used different currencies. Currency conversion was necessary for international transactions, leading to additional costs due to fluctuating exchange rates. - The lack of transparency in exchange rate calculations caused confusion and dissatisfaction among their customers. 2. Slow Transaction Processing: - Traditional banking systems took several days to process cross-border payments. This delay affected customer satisfaction and hindered business growth. - Sellers faced cash flow issues as they waited for funds to arrive. 3. High Transaction Fees: - Intermediaries (banks, payment processors, and correspondent banks) charged fees for handling cross-border transactions. These fees added up, impacting the overall profitability for both buyers and sellers. Here's what we did: To address currency conversion challenges, we implemented dynamic currency conversion. Users could view prices in their preferred currency at the start of the payment process. We also automated AML and KYC checks during user registration. This reduced manual effort and ensured compliance with regulatory requirements. Buyers were verified before they could process cross-border payments. This increased the trust capital for both client and customer This led to - Reduced Fees: By eliminating the long chain of intermediaries and collaborating with local providers, transaction fees reduced significantly. - Enhanced User Experience: our client and their customers appreciated the transparent exchange rates and faster payment processing. #paymentprocessing #UK #propertyinvestment #cantaglobal

On behalf of Consumer Federation of America, we are happy to come out in support of the Basel III proposal to strengthen capital standards for large banks. We believe that at heart, the Basel III reforms will promote greater financial security in the banking system, which will benefit all #consumers. We do recognize the need to change elements of the proposal, which would impact the mortgage affordability and access for lower-income #borrowers and borrowers of color. For example, a large part of the risk of high-LTV products is already taken on by private mortgage insurance (PMI), and so does not justify a higher risk assessment. We also think, alongside the NFHA, that the proposal as currently stands imperils #fairlending access. Nonetheless, given that LMI #mortgage lending in fact constitutes a diminishing share of large #banks portfolios, and given the much broader implications and importance of Basel III, this proposed change does not delegitimize or change the broader need for improved capital standards. Read more here: https://lnkd.in/ekMUc66G

#digitallending : Safeguarding the financial system's spare tyre: regulating non-bank retail lenders in the digital era. To enhance prudential oversight, BIS authors propose a holistic approach that includes: (i) developing a mix of broad-based and targeted policy measures aimed at NBFI retail lenders; (ii) reviewing existing group-wide supervision frameworks to ensure they capture emerging financial and mixed activity groups that involve NBFI retail lenders; and (iii) establishing suitable institutional arrangements to facilitate micro- and macroprudential supervision. Such an approach may help authorities better safeguard the financial system's "spare tyre", while allowing NBFI retail lenders to continue to perform their valuable role in supplying credit to consumers and SMEs. https://lnkd.in/gb2sDekm

Mortgage professionals and intermediaries – are you eager to achieve an immediate 20% increase in conversion rates? Look no further than our newly introduced solution, Affordability Insights. Here's why you should pay close attention: 📊 Instant customer affordability and budget insights: Gain real-time insights into your customers' financial health. 📈 Works with all bank data: From bank statements to open banking, we've got you covered. 🧩 Unique data library and templates: Leverage our library for comprehensive data analysis, consistency checks and anomaly detection. 🔍 Customisable categorisation: Tailor our categorisation capabilities to suit your unique needs. The results speak for themselves: ✅ 75% efficiency gains: Streamline broker and underwriter workflows for faster, smarter decisions. 📈 20% conversion increase: Reduce open banking dependency, improve accessibility, and make quicker decisions. 🚫 Configurable flags and tampering detection: Configure flags and risk indicators to combat tampering and fraud. Ready to take your decision-making to the next level? Learn more about Affordability Insights on our website. #FinancialSolutions #DecisionMaking #Innovation #AffordabilityInsights 

In the face of strong competition from major banks, higher interest rates, a cost of living crisis, and customers rolling off low fixed rates to much higher rates, customer-owned banks have still managed grow their loan portfolios in close partnership with brokers. MPA recently brought together third party channel leaders and brokers for our annual Customer-Owned Banks Roundtable in Sydney to discuss a range of industry issues. Attendees included: Kaine Adamson from P&N Bank and BCU Bank; Simon Burt of Newcastle Permanent Building Society; Zeb Drummond from Gateway Bank; Jay Farrell of BankVic; Darren M. (Darren McLeod) from Beyond Bank Australia; Mark Middleton of Teachers Mutual Bank Limited; Stewart Saunders from Heritage Bank; and Matt Wood of Bank Australia Two brokers also took part: Jennifer Lemme from Liberty Network Services (Liberty) and Mandy Hill from Mortgage Managed. Read the full story here: https://lnkd.in/gagA4dqh #bankingindustry #mortgageindustry #mortgagebrokers #businessgrowth #homeloans #lending #greenlending #esg #artificialintelligence

Banks excel at offering competitive rates to entice new clients, but they don't always extend the same benefits to their loyal customers. As a broker, we hold significant influence that lenders acknowledge. They understand that we have the ability to facilitate a seamless transition to another lender, which often prompts them to consider reducing your interest rate. We also recognize that switching banks can be a cumbersome process. Therefore, we make it a point to offer your current lender an opportunity to match or beat the market rates. If they are unable or unwilling to do so, rest assured that we will find a lender who is willing to provide you with a more favorable deal. Feel free to send me a direct message if you'd like to discuss your options further. #BankingBenefits #LoyalCustomers #MortgageBroker #InterestRates #FinancialInfluence #LoanOptions #SeamlessTransition #RateReduction #SwitchingBanks #MarketRates #FavorableDeal #MortgageSolutions #FinancialServices #CustomerCare #PersonalizedService