ABA Community Banking
JANUARY 18, 2025
Illinois regulators closed Pulaski Savings Bank of Chicago and appointed the FDIC as receiver. Millennium Bank of Des Plaines, Illinois, agreed to assume all deposits and most of its assets. The post Pulaski Savings Bank closed in Chicago appeared first on ABA Banking Journal.
The Paypers
JANUARY 19, 2025
1Money has officially launched from stealth mode, unveiling USD 20 million in seed funding to develop its Layer 1 blockchain network designed for stablecoin payments.
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TheGuardian
JANUARY 20, 2025
Credit checks revealed fraud markers against my name, placed by the bank, even though I had never been a customer I have been very badly treated by TSB, even though I have never been a customer. It mistakenly placed three fraud markers against my name, which prompted my bank, Santander, to close all five of the accounts I held with it. This has caused significant financial problems since direct debits and standing orders failed, and I was unable to start a planned house extension.
American Banker
JANUARY 20, 2025
Some reforms to the system might be necessary, but it would be unwise to eliminate a critical source of funding for banks across the country.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
ABA Community Banking
JANUARY 21, 2025
Investigating what is ahead for banks across multiple topics. The post ABA Banking Journals annual compilation of challenges for a new year appeared first on ABA Banking Journal.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
JANUARY 20, 2025
Bank is considering sale of British business amid mounting frustrations over regulation Business live latest updates Santander has rushed out a note to senior managers after it emerged that the Spanish-owned lender is reviewing the future of its UK business amid mounting frustrations over regulation. The chief executive of Santanders UK corporate and commercial bank, John Baldwin, sent out a memo outlining how to respond to clients and its 21,000 UK staff, who have been rattled by news that the
American Banker
JANUARY 20, 2025
The enhanced fintech partnership would build merchant scale, and selling U.K. and U.S. portfolios would free up cash.
The Paypers
JANUARY 20, 2025
Visa has introduced Apple Pay to its customers in Egypt, marking a step forward in providing secure and convenient payment solutions tailored to the growing demand for digital-first services in the region.
TheGuardian
JANUARY 21, 2025
Shares in Lloyds and Close Brothers rise as Treasury seeks to tell court that lawsuit could cause economic harm Business live latest updates The chancellor, Rachel Reeves, has launched a rare bid to intervene in a supreme court hearing in the car finance commission scandal that could reduce the 30bn-plus compensation bill lenders currently face. Shares in Lloyds and Close Brothers, two of the biggest providers of motor finance, surged on Tuesday after the Treasury submitted an application to th
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The Paypers
JANUARY 20, 2025
The UK's Payment System Regulator (PSR) has announced its commitments for the next two years, planning to focus on scaling competition and innovation.
TheGuardian
JANUARY 21, 2025
Having left the library behind, the once budding academic talks about building JP Morgans UK digital lender from scratch It all started in spring 2019, in a secret office on the seventh floor of JP Morgans London headquarters in Canary Wharf. Tucked behind the bustling staff canteen, at the end of a corridor that snaked past the office gym and in-house doctor, future Chase UK chief executive Kuba Fast was digesting the task ahead of him: helping build a new digital bank from scratch for the Wa
The Paypers
JANUARY 20, 2025
The ECB , together with the Riksbank and Danmarks Nationalbank , have been focusing on an initiative that facilitates instant payments between currencies.
The Paypers
JANUARY 20, 2025
Global fintech iCapital has acquired Parallel Markets , a business that specialises in reusable financial identification solutions.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
The Paypers
JANUARY 20, 2025
Revolut has announced plans to introduce an instalment payment option for its credit card users, enabling cardholders to repay purchases in fixed instalments.
The Paypers
JANUARY 20, 2025
Safaricom ’s global solution M-PESA has partnered with Awash Insurance to improve insurance payments and create financial inclusion and customer convenience in Ethiopia.
The Paypers
JANUARY 20, 2025
Revolut , the global financial super app, has announced the launch of In-App calls to personal customers, enabling users to expose impersonation scams.
The Paypers
JANUARY 21, 2025
Bybit , a cryptocurrency exchange, has introduced a new payment feature called Bybit Card QR Pay for its cardholders in Brazil.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
The Paypers
JANUARY 21, 2025
Philippines-based Netbank has teamed up with Discovery Credit Solutions Corp (DCSC) to launch a financial service solution developed to optimise loan management and scale financial access for underserved communities.
The Paypers
JANUARY 21, 2025
The European Payments Council (EPC) has officially selected Swift to develop and operate the EPC Directory Service (EDS) following a comprehensive Request for Proposal (RFP) process conducted in the second and third quarters of 2024.
The Paypers
JANUARY 21, 2025
UK-based fintech Monzo has been exploring options for a market listing, with discussions divided between pursuing an IPO in the US or its home market.
The Paypers
JANUARY 21, 2025
Global provider of payment services Worldline has joined forces with Wix to increase commerce and payment solutions online for businesses operating in Europe and Asia Pacific.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
The Paypers
JANUARY 21, 2025
Mashreq , a financial institution in the MENA region, has expanded to Oman to introduce a suite of banking services and support the country’s Vision 2040.
The Paypers
JANUARY 21, 2025
UK-based Standard Chartered has launched SC PrismFX, a cross-currency transactional foreign exchange (FX) solutions suite.
The Paypers
JANUARY 21, 2025
Dubai Islamic Bank (DIB) has increased its stake in Türkiye’s TOM Group, a financial services conglomerate, from 20% to 25%.
The Paypers
JANUARY 20, 2025
Tred , a UK-based green fintech company, has announced it is shutting down operations after four years in business due to regulatory changes.
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