Wed.Nov 20, 2024

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How passing the CCCA would benefit nonprofits

Payments Dive

"Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.

Policies 195
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Why Banking Strategy Should be Simple but Difficult

South State Correspondent

Bankers love easy. Who doesn’t want an easy way to have a more profitable bank? We also love to keep things simple. It is a common refrain. Compounding the problem is that in banking, we often think that “simple” and “easy” as synonymous. In this article, we will touch on innovation, technology and banking strategy to show why banks tends to overemphasize ease, familiarity and convenience instead doing the difficult task upfront that will ultimately keep things simple.

Strategy 195
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PayPal CEO pushes beyond payments

Payments Dive

After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

Payments 243
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Self-Service Innovation Summit panel to cover biometrics in ATMs, kiosks

ATM Marketplace

Where does biometric identification stand today in self-service solutions? This is a topic a panel at the Self-Service Innovation Summit will cover in detail.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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DC attorney general sues EarnIn over ‘deceptive’ marketing

Payments Dive

The fintech couches its “cash out” product as earned wage access, but it’s a loan that, at times, carries 300% interest with a poorly disclosed fee for “instant” payouts, the AG said.

DC 195

More Trending

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American Bankers Mutual Insurance approaches $105 million in total distributions

ABA Community Banking

American Bankers Mutual Insurance, the reinsurer for the ABA-endorsed insurance program, has declared a $3.8 million annual distribution to be shared by qualified ABA member banks insured through ABA Insurance Services. The post American Bankers Mutual Insurance approaches $105 million in total distributions appeared first on ABA Banking Journal.

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The CFPB's 'open banking' rule is a solution in search of a problem

American Banker

Banks solved the issue of consumer data sharing years ago. Why is the Consumer Financial Protection Bureau stepping in now, with a rule that could make sharing data less safe and secure?

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Chair’s View: Core values in an ever-changing world

ABA Community Banking

Caring about people is the essence of relationship banking, and it’s one of the things that, in my opinion, makes this a noble profession. The post Chair’s View: Core values in an ever-changing world appeared first on ABA Banking Journal.

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PayPal expands stablecoin; Barclays pivots from merchant acquiring

American Banker

The payment company is using its Xoom transfer app to bring PYUSD to a broader market; while Barclays is reportedly in talks with Brookfield Asset Management to sell a portion of its payments business. That and more in our global payments news roundup.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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Santander puts aside £295m for car loan mis-selling

TheGuardian

Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal Business live – latest updates Santander UK has put aside £295m to cover potential payouts to car loan customers, as the bank issued its first estimate of the financial fallout from the growing car loan mis-selling scandal. The figures were released alongside the bank’s third-quarter results, which were delayed last month after a court of appeal ruling in October said it was unlawful

Report 44
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Revolut to offer UK And EU stock trading solutions

The Paypers

Revolut has been authorised by the FCA to operate as an investment firm, allowing the fintech to expand its services and provide UK and EU clients with stock trading tools.

Tools 45
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A classic case of when the law is an ass | Brief letters

TheGuardian

Birth certificate error | Museum chairs | Perfect pets | Starling Bank | Guardian Christmas wrapping What better proof that the law is an ass than baby Lilah’s case ( ‘We were horrified’: parents heartbroken as baby girl registered as male, 19 November ). She was mistakenly registered as a boy and cannot be legally re-registered as a girl, although the mistake was discovered minutes after it was made by the register office.

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Atome Financial secured up to USD 200 million to support financial inclusion

The Paypers

Atome Financial has secured a syndicated credit facility of up to USD 200 million, expected to accelerate financial inclusion in the region of Southeast Asia.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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Webinar Recap: 2025 Financial Marketing Strategies

Image Works Direct

Can you believe it’s almost the new year? That means it’s time to create a bold marketing plan to stand out from your competitors! Our team recently presented a webinar on November 10 where we shared smart strategies, discussed the importance of timely marketing and gave examples of successful campaigns.

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Airwallex partners with Moss to optimise and streamline global payments

The Paypers

Financial platform Airwallex has announced its partnership with B2B spend management service provider Moss in order to enhance and streamline worldwide payments.

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How AI is helping banks put a more human face on their call centers

American Banker

As banks continue investing in technology to boost productivity, they aren't losing sight of their call centers' human sides.

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Santander to roll out its digital Openbank in Mexico

The Paypers

Santander has started to roll out its digital Openbank solution for customers and partners in the region of Mexico, including a new website and smartphone app.

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It Takes Two to Tango

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.

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The Number One Motivator…NOT What You Think [VIDEO]

The Emmerich Group

Trick question for you. What is the number one motivator for employees? Every time I talk with executives, they often suggest that paying employees more—up to a certain level—is the answer. Sure, research supports this to some extent, but that’s not the full picture. Others say it’s about making employees feel appreciated. Yes, that’s important too, but it’s still not the core answer.

Video 28
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Wonder Group snaps up Grubhub for USD 650 mln in post-pandemic deal

The Paypers

Wonder Group has agreed to acquire Grubhub from Just Eat Takeaway.com for USD 650 million, a reduction from the USD 7.3 billion valuation it held at the height of the pandemic.

Groups 36
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Former Fed supervisor pleads guilty to insider trading

American Banker

Robert Thompson was charged with using nonpublic information about New York Community Bank and Capital One to execute stock trades. His guilty plea could come with up to 25 years behind bars.

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Hertz to utilise Sift's AI-enabled fraud platform

The Paypers

Sift , an AI-powered fraud detection platform, has announced that Hertz started utilising its AI-enabled fraud prevention platform to deliver optimised customer experiences and mitigate fraud.

Fraud 36
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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Ally's new CEO starts reassembling its team of top executives

American Banker

A new chief risk officer was among the appointments announced Wednesday, as CEO Michael Rhodes began to put his imprint on Ally.

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Tether invests in the launch of EURQ and USDQ

The Paypers

Stablecoin issuer Tether has announced its investment to further assist Quantoz Payments in the introduction of EURQ and USDQ, EUR and USD-referenced E-Money Tokens (EMTs) developed to be compliant with MiCAR requirements.

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Fed's Bowman: Chevron reversal will 'positively' change rules

American Banker

The Federal Reserve governor said the Supreme Court ruling could bring needed transparency and efficiency to regulatory policymaking.

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BCB partners with innovators for DREX trade finance pilot

The Paypers

The BCB has selected Banco Inter , Microsoft Brazil , 7COMm, and Chainlink to develop a trade finance solution as part of the second phase of the DREX digital currency pilot.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.