Sun.May 21, 2023

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Bankers: Please End This Practice. Or It Will End You.

Jeff For Banks

I recently spoke at a banking conference where I challenged bankers to end the practice of relying on sleepy depositors that don't demand top rate. You know, the practice of allowing bankers to raise deposit rates only if the customer calls and complains. When I challenged bankers that they can't claim to be trusted advisors to their customers if they engage in this practice, I got push back.

FDIC 78
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Mode Eleven partners with Finzly

The Paypers

Mode Eleven has announced its partnership with US-based fintech Finzly in order to implement its solutions for ACH operations and wire processing.

Fintech 50
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Digital Transformation Success Demands CFO’s Evolution

The Financial Brand

This article Digital Transformation Success Demands CFO’s Evolution appeared first on The Financial Brand. CFOs have the best combination of opportunity and ability to lead digital banking transformation efforts and guide better decisions. This article Digital Transformation Success Demands CFO’s Evolution appeared first on The Financial Brand.

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AMLYZE raises USD 1 mln to fight financial crime

The Paypers

Lithuania-based regtech AMLYZE has raised USD 1 million in a pre-seed investment round led by Practica Capital to help its fight against financial crime.

Capital 41
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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Banks now offer payday-loan alternatives. How many people use them?

American Banker