Fiserv nets special banking charter in Georgia
Payments Dive
OCTOBER 4, 2024
The payments processor is only the second company to win the special bank charter since Georgia made it available.
Fri.Oct 04, 2024
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Reinvent lending offerings and business models to stay ahead
Accenture
OCTOBER 4, 2024
In our discussions with banking executives, a common theme is how the lending market is changing and constantly giving rise to threats and opportunities, as covered in our Commercial Banking Top Trends for 2024. Confronting these changes is essential, but it also requires banks to be willing to reinvent to stay ahead. Previously, we touched… The post Reinvent lending offerings and business models to stay ahead appeared first on Accenture Banking Blog.
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Oportun inks deal to sell credit card portfolio
Payments Dive
OCTOBER 4, 2024
The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products.
Creating the best retail banking experience
ATM Marketplace
OCTOBER 4, 2024
A panel at the Bank Customer Experience Summit held in Charlotte, North Carolina from Sept. 9 to 11 did a deep dive into ideas and innovation for retail banking.
Outsource With Confidence for RDC Program Success
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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.
Many cheered when banks eliminated ATM fees in 2017 – but now it’s a struggle to find one
TheGuardian
OCTOBER 4, 2024
Bank-owned ATM numbers are down almost 60%, with many spots now taken by privately-owned machines charging about $3 per withdrawal Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast It is getting increasingly difficult to find an ATM and harder still to find one that doesn’t charge fees, prompting warnings that the push toward a cashless society is neither equitable nor wise.
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Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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Newtek tops SBA lender list. It's next hurdle: gaining investor trust
American Banker
OCTOBER 4, 2024
Despite strong growth and solid profits, the Miami-based lender, formerly a business development company, still hasn't convinced the market it fits in as a bank.
SEBES Technology becomes Flagright's latest customer
The Paypers
OCTOBER 4, 2024
AI-powered AML compliance solutions provider Flagright has announced that SEBES Technology , a fintech company offering payment solutions, became its latest customer.
The anti-money-laundering lever that regulators have never used
American Banker
OCTOBER 4, 2024
Regulators have never held a hearing on whether to revoke the charter of a bank convicted of a money-laundering-related violation. As TD Bank nears a "global resolution" in connection with its compliance failures, it's unlikely to buck the trend.
Revolut calls on Meta to share fraud reimbursement responsibility
The Paypers
OCTOBER 4, 2024
UK-based fintech Revolut has urged Meta to share responsibility for reimbursing users who fall victim to fraudulent activities.
Back to Basics with Reconciliations
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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.
Revolut reacts to Meta's scam program, Sunwest hires Umpqua exec
American Banker
OCTOBER 4, 2024
Challenger bank Revolut calls for Meta's scam info program to reimburse victims; Sunwest Bank taps Umpqua's Mike McKean to lead treasury and payments; Fifth Third launches a new line of business; and more in this weeks banking news roundup.
Blackstone plans $13B AI data centre in UK | Apple taps 34M developers for AI edge | Visa launches platform for banks to issue fiat-backed tokens
Bussman Advisory
OCTOBER 4, 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 Credit: shutterstock.com The post Blackstone plans $13B AI data centre in UK | Apple taps 34M developers for AI edge | Visa launches platform for banks to issue fiat-backed tokens appeared first on Bussmann Advisory AG.
The 'Jobs Day' data economists rely on is about to get less dependable
American Banker
OCTOBER 4, 2024
The Bureau of Labor Statistics has been so underfunded, for so long, that it has been forced to propose cuts to the vital Current Population Survey, which tracks the unemployment rate. Congress cannot allow that to happen.
HSBC abandons stake in fintech Monese
The Paypers
OCTOBER 4, 2024
HSBC has announced its decision to abandon its stake in fintech Monese , as the financial institution has conceded a significant loss by writing off its investment.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
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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
Klarna's banking ambitions get a boost from Big Tech
American Banker
OCTOBER 4, 2024
The Swedish buy now/pay later lender has partnered with Adyen and Apple as it builds a merchant network ahead of its U.S. IPO.
Erste Group partners with Salt Edge
The Paypers
OCTOBER 4, 2024
Erste Group has announced its partnership with Open Banking solutions provider Salt Edge in order to bring advanced and secure multi-banking services to the CEE region.
The promise and perils of agentic AI
American Banker
OCTOBER 4, 2024
The technology, which turns large language models into autonomous agents, could be a game changer for banks.
FedNow to expedite FEMA payments for Helene survivors
The Paypers
OCTOBER 4, 2024
FedNow has announced that it will expedite Federal Emergency Management Agency (FEMA) payments and transactions for Helene hurricane survivors.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
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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.
What banks need to know about the CFPB's open banking rule
American Banker
OCTOBER 4, 2024
Banks are trying to get a grasp of the Consumer Financial Protection Bureau's financial data rights plan, from preparing for an influx of data requests from fintechs to meeting ongoing compliance.
The MAC Conference – 2024 Recap
Image Works Direct
OCTOBER 4, 2024
No, this is not a sports recap of the Mid-American Conference! This is the Marketing Association of Credit Unions (MAC) Conference set in Hollywood, California. The three-day event created by credit union marketers for credit union marketers featured more than 75 credit unions from across the U.S. and included 16 keynote speakers.
Territorial in Hawaii postpones merger vote as competing offer lurks
American Banker
OCTOBER 4, 2024
Honolulu-based Territorial Bancorp is delaying the approval vote by about four weeks in order to continue discussions with its shareholders. A group that includes a former Bank of Hawaii CEO is trying to scuttle the $78 million deal with Los Angeles-based Hope Bancorp.
Sonovate joins forces with Alloy to mitigate fraud and further expand
The Paypers
OCTOBER 4, 2024
UK-based fintech Sonovate has announced that it entered into a strategic agreement with Alloy to implement the latter’s identity risk solution to mitigate fraud while its operations expand.
It Takes Two to Tango
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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.
New thresholds set for TILA protections, appraisal requirements
American Banker
OCTOBER 4, 2024
The Federal Reserve and the Consumer Financial Protection Bureau moderately increased the minimum prices at which the Truth in Lending Act applies to loans and leases.
Saxo Bank introduces SaxoInvestor, a UK platform for investors
The Paypers
OCTOBER 4, 2024
Saxo Bank has unveiled SaxoInvestor, a new platform tailored for UK investors, providing access to more than 70,000 global instruments: stocks, ETFs, and bonds.
Critics say FDIC governance proposal overreaches, but proponents say few banks are affected.
American Banker
OCTOBER 4, 2024
The proposed FDIC guidelines would impose stricter governance and risk management standards on banks with over $10 billion in assets, drawing concern over potential regulatory overreach and conflicts with state laws.
NTT DATA partners with Naehas to simplify financial solutions
The Paypers
OCTOBER 4, 2024
NTT DATA , a worldwide provider of IT services and consulting, has revealed its collaboration with Naehas , a financial services customer experience cloud space.
The 2024 Lenders Guide to Automating the Complex Loan
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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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