Tue.Jun 04, 2024

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Will cash ever go away?

ATM Marketplace

Is cash on its way out or will it stick around for the future?

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Top JPMorgan payments executive exits

Payments Dive

Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.

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Key takeaways from ThinkBIG 2024: Insights for banks and credit unions

Abrigo

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. Read some hot topics discussed by the conference's opening panel. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance.

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FTC delves into scam payments

Payments Dive

In consumer fraud complaints to the federal agency last year, PayPal and Cash App were cited as apps often used by consumers to pay scammers.

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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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UK bank Standard Chartered accused of helping to fund Iran and terrorists

TheGuardian

Lender denies whistleblowers’ claim transactions worth $100bn were carried out in breach of sanctions Whistleblowers have claimed Standard Chartered allegedly carried out billions of dollars of previously undetected transactions for Iran-linked entities and terrorist organisations, according to a New York court filing. Two whistleblowers, who include a former executive at the British bank, filed a motion last week to set aside a judgment that dismissed an earlier lawsuit they filed, in an attemp

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New lifeline for bank customers as ‘super-ATMs’ go on trial in England

TheGuardian

Residents in areas without branches can withdraw and deposit cash with various high street banks using one machine The first in a planned wave of new “super-ATMs” allowing customers of multiple banks to make cash deposits and free withdrawals have opened for business. Described as a UK industry first, major high street banks have worked together to install “multi-bank deposit ATMs” that could offer a lifeline for residents and small businesses in areas that have in some cases lost all their bank

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New rule makes BNPL sustainable in long term, experts say

BankInovation

The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say.

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CEO pay went down at most banks last year. These five were outliers.

American Banker

The compensation committees at PNC, BOK Financial and a few other banks decided that their top leaders performed well amid industry challenges, and rewarded them for it.

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Podcast: AI prescription for banks

BankInovation

Financial institutions look to their tech providers to help them embrace new technologies, including AI. At cloud-based fintech nCino, Chief Industry Innovation Officer Anthony Morris works to identify technologies that banks need to implement to keep up with the “industry ahead of them,” he tells Bank Automation News on this episode of “The Buzz” podcast.

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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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ECB launches consultation on cloud outsourcing guidelines

The Paypers

The European Central Bank has launched a public consultation on its new guide concerning the outsourcing of cloud services to cloud service providers.

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BNY Mellon adds PayPal, Venmo to automated routing solution

BankInovation

BNY Mellon’s automated smart routing solution decides which payments rail to send transactions through behind the scenes, without burdening clients with the decision.

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Is the CFPB reining in buy now, pay later loans too soon?

American Banker

A proposal from the Consumer Financial Protection Bureau to extend the same protections as credit cards to the fast-growing BNPL industry aims to protect consumers, but it could also stunt the nascent industry's growth, experts say.

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Token.io unveils hosted pages for enhanced Pay by Bank experiences

The Paypers

A2A payment infrastructure provider Token.io has launched hosted payment pages to enhance Pay by Bank experiences by boosting conversions and simplifying integrations.

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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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German American Bancorp sells insurance unit, amplifies deal trend

American Banker

The Indiana bank said it struck a $40 million cash deal to sell its insurance brokerage to the Hilb Group. It joined a growing number of lenders announcing such transactions.

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Ria Money Transfer partners with dLocal

The Paypers

US-based Ria Money Transfer has partnered with cross-border payment platform dLocal to offer improved transfers in three regions.

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Data breach at debt collector affects more than 3.2 million people

American Banker

Financial Business and Consumer Solutions disclosed a February breach in April and recently disclosed an expanded victim count. The company faces a class action lawsuit.

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Temenos partners with Mastercard

The Paypers

Temenos has announced its partnership with Mastercard in order to expand cross-border payment capabilities through the use of Mastercard Move.

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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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Plaid deploys AI to spot unconventional consumer cash-flow sources

American Banker

The San Francisco fintech's newest product seeks to improve lenders' underwriting decisions by identifying gig-work wages, buy now/pay later loans and other income streams gleaned from bank-account data.

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Fenergo launches AI-powered CLM

The Paypers

Ireland-based Fenergo has launched AI-powered client lifecycle management (CLM) to enable efficiency gains amid intensifying regulation and cost challenges.

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Fraud is Rising. Are Your Cardmembers Protected?

The Financial Brand

This article Fraud is Rising. Are Your Cardmembers Protected? appeared first on The Financial Brand. With credit card fraud losses increasing over recent years, financial institutions must take extra care to protect cardmembers. This article Fraud is Rising. Are Your Cardmembers Protected? appeared first on The Financial Brand.

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Enfuce partners with Swile

The Paypers

Finland-based card issuing and processing company Enfuce has entered a collaboration with Swile to introduce an all-in-one employee benefits card in France.

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Outsource With Confidence for RDC Program Success

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.

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Become a ‘Digital Stoic’ to Achieve Exponential Growth

The Financial Brand

This article Become a ‘Digital Stoic’ to Achieve Exponential Growth appeared first on The Financial Brand. In an excerpt from his latest book, James Robert Lay argues that we all need to turn down the digital noise to find focus. This article Become a ‘Digital Stoic’ to Achieve Exponential Growth appeared first on The Financial Brand.

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Marqeta partners with Lydia

The Paypers

Global card issuing platform Marqeta has announced the expansion of its partnership with Lydia in order to develop a new digital banking application, Sumeria.

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Otting takes on NYCB's chair role as turnaround proceeds

American Banker

Sandro DiNello, who briefly led New York Community Bancorp amid turmoil earlier this year, is staying on the company's board. But Joseph Otting, the company's recently installed CEO, is taking on the executive chairman position.

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Adyen, Prada Group to deliver luxury payment experiences for customers

The Paypers

Adyen , a global financial technology platform, has partnered with Prada Group in a joint effort to deliver luxury payment experiences for customers.

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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.