Visa faces possible DOJ lawsuit, news reports say
Payments Dive
SEPTEMBER 24, 2024
The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.
Payments Dive
SEPTEMBER 24, 2024
The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.
Abrigo
SEPTEMBER 24, 2024
When AI complements human decision-making Human oversight, often called a human-in-the-loop approach, remains important as AI increasingly enhances AML/CFT software. You might also like this checklist, "6 steps for compliance with the new AML/CFT program rules." DOWNLOAD Takeaway 1 A human-in-the-loop approach plays a vital role in ensuring that AI systems effectively support alert and case management for AML/CFT suspicious activity monitoring.
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Gonzobanker
SEPTEMBER 26, 2024
In today’s evolving financial world, bank leaders should look to intellectual capital to create shareholder value. Banking: It’s a financially leveraged industry run by financial experts who like to geek out on… well, finance. These days the world of finance even dons matching uniforms with “Finance Bro” vests. And when these finance brothers and sisters think about a bank’s franchise value, they immediately reference equity capital.
TheGuardian
SEPTEMBER 21, 2024
Bank of England may have kept rates steady this week but TSB, NS&I and others have all announced cuts Interest rates may have been kept on hold this week, but the direction of travel is clearly downwards, with savers being urged to check the returns they are getting and switch to a better deal now if their rate isn’t competitive. On Thursday, the Bank of England kept its base rate at 5% after cutting it in August, though many economists think there will be another cut, to 4.75%, at the next
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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
American Banker
SEPTEMBER 25, 2024
The banks are testing quantum computing's ability to speed up applications, to alleviate bottlenecks and to do more while consuming less power.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
SEPTEMBER 23, 2024
Critical practices for individuals and organizations to protect their data The National Public Data breach serves as a reminder to all of us that proactive measures are necessary to safeguard our personal information. You might also like this whitepaper: "Protecting banking customers starts with you." DOWNLOAD Takeaway 1 The National Public Data breach exposed over 2.7 billion records and is a reminder to be proactive when safeguarding your data.
The Paypers
SEPTEMBER 23, 2024
Financial services company BNP Paribas has announced its agreement with HSBC to acquire its Private Banking activities in Germany, aiming to further solidify its position in the industry.
TheGuardian
SEPTEMBER 23, 2024
Building society ramps up mortgage price war with ‘gamechanging’ move, and it also cuts rates Britain’s biggest building society is to let first-time buyers borrow up to six times their earnings in what has been labelled a “gamechanging” move that ramps up the mortgage price war. Weeks after it was announced that the Halifax and Lloyds would allow new buyers to take out loans worth up to 5.5 times their household annual income , Nationwide said it would now go up to six times income – a first fo
BankUnderground
SEPTEMBER 25, 2024
Neha Bora, Sarah Burkinshaw, Alice Crundwell and Tuli Saha Private equity (PE) has rapidly become an important source of financing for UK businesses. Funds use pools of capital, largely from institutional investors, to primarily invest in non-publicly traded companies. We shed light on this growing sector with a new and novel data set of around 9,000 privately backed corporates in the UK.
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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.
Payments Dive
SEPTEMBER 26, 2024
The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.
Abrigo
SEPTEMBER 23, 2024
Recent loan rate trends from Abrigo Connect Carefully monitoring interest rate trends for loans will help financial institutions remain competitive as rates drop. Would you like other articles like this in your inbox? Data for banks & credit unions Real-time pricing trends for loans Now that the Fed has lowerered interest rates , financial institutions will want to carefully monitor current loan interest rate trends in their markets to remain competitive as rates drop.
American Banker
SEPTEMBER 26, 2024
As a leader, just because you have the authority to make a decision doesn't mean you should always be the one making it. A good manager allows subordinates to make choices and assume responsibility.
TheGuardian
SEPTEMBER 22, 2024
Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem HSBC has thrown its weight behind calls for tech firms to pay up for fraud, saying incoming compensation rules requiring banks to reimburse scam victims up to £85,000 will fail to stem the flow of fraud and prove that the financial sector is not the problem.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
William Mills
SEPTEMBER 24, 2024
In today’s hyper-connected, information-saturated world, audiences crave authenticity, relevance and connection. Generic messages fail to stand out in this increasingly crowded environment. A powerful tool that is often overlooked is data-driven storytelling. Combining compelling narratives with proven sources of data not only cuts through the noise, but also increases credibility, provides clarity and informs an audience in a more inspiring and influential manner.
Payments Dive
SEPTEMBER 27, 2024
The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.
BankInovation
SEPTEMBER 23, 2024
Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting. Subprime auto lenders can use AI to ensure staff and resources are assigned to tasks that help navigate affordability challenges, operational costs and credit risk, Harvey Singh, chief operating officer at Veros Credit, said during a […] The post Auto lenders lean into AI for customer service appeared first on Bank A
American Banker
SEPTEMBER 25, 2024
Canada and Australia de-emphasize government-backed digital currency projects while Morgan Stanley and BTIG criticize Global Payments' strategy as the processor's stock slides.
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
The Paypers
SEPTEMBER 26, 2024
Multitude Bank , a subsidiary of the Multitude Group, has entered into a strategic agreement with the Open Banking platform Salt Edge to deliver instant loan repayments.
BankUnderground
SEPTEMBER 26, 2024
James Duffy and James Sanders Understanding a payment’s journey around the globe can be difficult. As the operator of the UK’s high-value payment system ( CHAPS ), the Bank is all too familiar with this challenge. By leveraging the benefits of the newly introduced ISO 20022 standard for messaging, we have devised a new methodology to identify and classify cross-border CHAPS payments more effectively.
Payments Dive
SEPTEMBER 26, 2024
The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.
BankInovation
SEPTEMBER 24, 2024
Financial institutions are looking to real-time, data-driven insights to suggest actions clients can take to benefit from last week’s interest rate cut by the Federal Reserve. Banks have already been strengthening their client relationships by leaning on data and analytics to offer clients specific products that help them save for retirement or home purchases.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
American Banker
SEPTEMBER 23, 2024
If companies want to keep partnering with banks to build innovative financial services, they need to stop thinking about regulation as their partner banks' problems and start being part of the solution.
The Paypers
SEPTEMBER 27, 2024
Stripe , a financial infrastructure platform designed for businesses, has launched its new flagship office in Toronto as part of its expansion efforts.
Bussman Advisory
SEPTEMBER 27, 2024
This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post OpenAI projects $5B loss on $3.7B revenue | Meta unveils Orion AR glasses | Visa to acquire payment fraud firm Featurespace in $1B takeover appeared first on Bussmann Advisory AG.
Payments Dive
SEPTEMBER 26, 2024
The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
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