Fri.Feb 07, 2025

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The future of AI in banking: Separating hype from reality

ATM Marketplace

Understanding the true impact of AI on the financial industry, its promise and its limitations, requires a nuanced exploration of what AI really is.

Industry 113
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Cashless concerts and events catch on

Payments Dive

By some estimates, about 50% of today’s concerts are cashless, with benefits for merchants and payments processors alike.

Payments 259
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Rothschild braces for more ‘skeletons in the cupboard’ over conduct of late chair

TheGuardian

Exclusive: Bank holds crisis meeting to discuss response to news that Sir Evelyn de Rothschild left after allegation of sexual misconduct Senior bankers at Rothschild & Co gathered on Tuesday in a meeting room at its St Swithins Lane headquarters in the heart of the City of London to discuss a memo that would shake the storied financial group to its foundations.

Meeting 98
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Former Citigroup exec Titi Cole joins the bank's board

American Banker

Titi Cole, a former executive at Citigroup, is now on the company's board of directors; Citizens Financial Group has formed a trust subsidiary as part of its wealth management and private bank expansion efforts; shareholders of Atlantic Union Bankshares and Sandy Spring Bancorp approved the two companies' planned merger; and more in this week's banking news roundup.

Groups 36
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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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FDIC releases documents on crypto-related supervision

The Paypers

The Federal Deposit Insurance Corporation has made public 175 documents detailing its supervision of banks involved in or considering engagement with crypto-related activities.

FDIC 62

More Trending

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DECTA integrates with Klarna

The Paypers

DECTA announced its partnership with Klarna in order to expand payment options for a more dynamic and secure checkout experience.

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Wells Fargo union accuses the bank of 'unlawful' tactics

American Banker

Representatives of the first nonbranch team at the bank to unionize alleged in a charge filed with the National Labor Relations Board that actions to stymie collective bargaining constitute unfair labor practices.

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INXY raises USD 3 million in funding for crypto accessibility

The Paypers

INXY raises USD 3 million in funding led by Flashpoint VC for crypto accessibility and global business expansion.

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Banks mull their role in rebuilding diverse LA community

American Banker

Until last month, Altadena was a flourishing melting pot. Now, with thousands of houses burned and no functioning banks, residents wonder if it will ever be the same.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Backbase partners with Feedzai

The Paypers

Backbase has announced its partnership with Feedzai in order to launch secure and deeply integrated financial crime prevention for its customers.

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No clear signal for Fed as unemployment rate drops to 4%

American Banker

Employers added fewer workers than anticipated last month, but upward revisions to previous estimates drove down the jobless rate. The report gives no clear directive to the Federal Reserve, which put rate cuts on hold last month.

Report 45
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Bitfi introduces ApeShift for instant Bitcoin transactions

The Paypers

Bitfi has announced the launch of ApeShift, a platform designed to facilitate real-time Bitcoin payments directly on the base layer.

Bitcoin 41
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A quarter of banks expect M&A deals in 2025: Research

American Banker

Banks are expecting increased M&A activity across the financial sector, but are concerned about acquisition by credit unions and tech integration challenges.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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R3 and IDEMIA Secure Transactions collaborate on offline CBDC payments

The Paypers

R3 has partnered with IDEMIA Secure Transactions (IST), a division of IDEMIA Group, to integrate offline payment capabilities into its digital currency platform.

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Huntington offers way for trusted caregivers to manage money

American Banker

The Columbus, Ohio-based bank has unveiled a product that lets adults who need help managing their finances and guarding against fraud give limited account access to someone they trust.

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Ripple partners with Revolut and Zero Hash to expand RLUSF stablecoin access

The Paypers

Ripple has announced its partnership with Revolut and Zero Hash in order to expand the overall access of the RLUSF stablecoin in the market.

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Affirm's 0% loans, cards chart a path to profitability

American Banker

The buy now/pay later lender outperformed nearly every analyst estimate in its fiscal Q2 2025 earnings report. CEO Max Levchin said the company is 5 months out from positive GAAP operating income.

Cards 36
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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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FICO and Affirm analyse the impact of BNPL loans on credit scores

The Paypers

FICO has published findings from a study examining the effect of including Buy Now, Pay Later (BNPL) loans on consumer credit scores.

Study 36
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States eye new earned wage access regulations

American Banker

More state legislatures are exploring how to regulate earned wage access products, and interest rate caps are central to that discussion. New York state's pending legislation is taking a novel approach.

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Olo partners with FreedomPay to upgrade in-restaurant payment solutions

The Paypers

Olo , a technology solutions provider for restaurants, has partnered with FreedomPay to upgrade the deployment of in-restaurant payment systems across the US.

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Treasury access by DOGE partly limited by judge for now

American Banker

Payment records are off-limits to all Elon Musk-affiliated "special government employees" except for Tom Krause and Marko Elez, and they are restricted to read-only access.

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Fall In Love With the Month-End Close

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.

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Monite launches iFrame to optimise AP/AR adoption for global B2Bs

The Paypers

Monite has announced that offers an iFrame solution that allows SMB platforms to deliver core financial features to clients more efficiently

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Central banks, big and small

BankUnderground

Benjamin Kingsmore Central banks do a lot of things: they implement monetary policy, regulate financial institutions, manage payment systems and analyse economic developments. Many of their tasks are crucial to the functioning of a modern economy. And to make all this happen in practice, armies of unseen officials do the necessary implementing, regulating, managing and analysing.

System 109
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Algebrik AI teams up with Plaid to revolutionise digital lending

The Paypers

Algebrik AI has announced a strategic partnership with Plaid , a data network that powers the digital financial ecosystem.

Lending 36
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The Top 16 Conferences & Events in Ecommerce 2025

Fintech Labs Insights

Welcome to 2025 all you ecommerce super fans! While NRF NYC is in the rear-view mirror, there is a full slate of conferences ahead with the best prices of the year still available. And you wont have to pay list prices if you play your cards right. Big-company attendees are highly valued, so there is ample room to negotiate. To help your 2025 planning, weve curated a list of the best global e-commerce events, conferences and trade shows for 2025.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.