Payments Dive

JULY 22, 2024

Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.

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Cards Company 395

TheGuardian

JULY 22, 2024

Borrowers say Whistletree charged inflated interest rates when it took on their debt after lender’s collapse A group of Northern Rock customers who claim they became “mortgage prisoners” after the lender’s collapse are to go to court on Tuesday to try to get compensation from the bank that bought their loans. About 2,500 borrowers whose home loans were sold to TSB’s subsidiary Whistletree are involved in a case over what they say are inflated interest rates on their debt.

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Groups 111

Payments Dive

JULY 22, 2024

Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.

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American Banker

JULY 22, 2024

Arrested four times for blocking the entrance to Citigroup, a veteran climate protester wonders why more rank-and-file bankers don't make common cause with activists trying to prevent the funding of fossil fuel development.

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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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BankInovation

JULY 22, 2024

CrowdStrike continues to manage the fallout from its IT outage July 19 as it works on remediation plans with the banks, airlines and stock exchanges that were brought to a halt by the tech meltdown.

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How To Software Security Management 81

BankInovation

JULY 22, 2024

Truist’s investment in digital capabilities helped the bank keep up with growing client demand for mobile and digital channels in the second quarter. “We continue to show strong and steady growth in our digital capabilities as client mobile app users grew,” Chief Executive Bill Rogers said during the bank’s Q2 earnings call today.

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Mobile Retail 74

American Banker

JULY 22, 2024

Second-quarter profits at the North Carolina bank declined 33% from the same period a year ago following $6.7 billion of securities losses.

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North Carolina Security 81

The Paypers

JULY 22, 2024

The US Federal Reserve has recently announced that it fined US-based fintech Green Dot a staggering USD 44 million for several ‘unfair and deceptive practices’, as well as deficient risk management.

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Risk Management US Fintech Management 41

American Banker

JULY 22, 2024

While the company is still analyzing the error that caused many Windows systems to crash, it said a logic error in a channel file was the cause. Here's what that means.

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System Company Cyber Security Security 48

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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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The Paypers

JULY 22, 2024

The Consumer Financial Protection Bureau (CFPB) has suggested an interpretive rule to ensure that lenders’ legal obligations to disclose the costs of paycheck advance products are met.

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American Banker

JULY 22, 2024

Nine international fintech companies are participating in the credit card network's accelerator program.

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Fintech Cards Company Payments 67

The Paypers

JULY 22, 2024

BBVA has selected Telefónica Tech to enhance its global cybersecurity measures by integrating advanced artificial intelligence and process automation technologies.

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Technology 41

American Banker

JULY 22, 2024

Federal banking agencies asked the Fifth Circuit to lift an injunction on new community lending regulations, arguing that the court misinterpreted the scope of the Community Reinvestment Act's reach.

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Community Lending Regulation Compliance 45

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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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The Paypers

JULY 22, 2024

Fintech company myZoi has announced the launch of an inclusive digital wallet, following a USD 14 million capital infusion and the receival of two regulatory licences in the UAE.

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Capital Fintech Company 36

American Banker

JULY 22, 2024

In this edition of American Banker's news quiz, test yourself on the latest items covering FedNow's progress since launch, the merger between Capital One Financial and Discover Financial Services and more.

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Capital Industry Technology 41

The Paypers

JULY 22, 2024

Estonia-based identity verification provider Veriff has augmented its Biometric Authentication solution to prevent account takeover fraud.

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Fraud 41

American Banker

JULY 22, 2024

Bank OZK is the latest commercial real estate-heavy bank to announce plans to diversify its business. CEO George Gleason emphasized that he's confident in the bank's loan portfolio, but said he thinks misperceptions are dragging down the stock price.

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Arkansas Risk Management Lending Management 41

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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.

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The Paypers

JULY 22, 2024

Egypt-based fintech ecosystem MNT-Halan has announced that it secured USD 157.7 million in funding to advance its geographical expansion.

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Security Fintech 41

American Banker

JULY 22, 2024

With the government contract for Direct Express, Bank of New York would gain a free liquidity source of more than $3 billion in deposits a month and expand its burgeoning offerings to the underbanked.

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New York Policies Compliance Regulation 36

The Paypers

JULY 22, 2024

Hong Kong-based payment solutions provider BBMSL has partnered with PayMe by HSBC allow the former’s merchants to offer PayMe as a payment option to customers.

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Payments 36

The Financial Brand

JULY 22, 2024

This article Are Co-Branded Credit Cards the Key to Attracting Card Revenue? appeared first on The Financial Brand. Co-branded cards is the new untapped potential in consumer credit. New study reveals surprising trends in adoption, usage and demographic preferences. This article Are Co-Branded Credit Cards the Key to Attracting Card Revenue? appeared first on The Financial Brand.

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Branding Cards Study Trends 32

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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.

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The Paypers

JULY 22, 2024

Video game commerce company Xsolla has acquired digital solutions provider LF.Group to augment how game developers connect with audiences and manage transactions.

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Video Management Company 36

The Financial Brand

JULY 22, 2024

This article FICO Inflation, C-suite Shake-ups, and Other Earnings Call Takeaways from BofA, Wells, Citi, U.S. Bank appeared first on The Financial Brand. Bank stock analysts zero in on specific issues beyond top-line earnings at four major banks. This article FICO Inflation, C-suite Shake-ups, and Other Earnings Call Takeaways from BofA, Wells, Citi, U.S.

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Branding Banking Trends America Trends 32

The Paypers

JULY 22, 2024

UK-based embedded payments provider Modulr ’s customer onboarding ban, imposed by the FCA in October 2024, has been lifted.

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Payments 41

The Financial Brand

JULY 22, 2024

This article The Future of Lending Is Up To the Innovators Who Personalize appeared first on The Financial Brand. Laurel Road and LoanPro leaders discuss personalized lending, infrastructure modernization and the future of financial services. This article The Future of Lending Is Up To the Innovators Who Personalize appeared first on The Financial Brand.

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Lending Innovation Branding 32

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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.

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