Instant payments to buoy cross-border flow
Payments Dive
JANUARY 11, 2024
The latest cross-border input from the U.S. Faster Payments Council suggests it’s not too early to assess how real-time payments will shape international transactions.
Thu.Jan 11, 2024
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Caught in the Net: Protect Against Phishing Attempts
Jack Henry
JANUARY 11, 2024
Avoid phishing scams with a secure messaging and communication platform. Discover how Banno Business™ can help your financial institution.
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Will Toast raise prices this year?
Payments Dive
JANUARY 11, 2024
The restaurant point-of-sale provider may give clients a choice when it makes price adjustments, following a fee flub last year.
Five Characteristics of the Future Smarter Bank Organization
Gonzobanker
JANUARY 11, 2024
Tomorrow’s Smarter Bank leaders will cultivate managed chaos, inspire creative thinking and encourage results-driven action. “The only thing that ever sat its way to success is a hen.” – Sarah Brown For some time, Cornerstone has been talking about the “Smarter Bank,” focusing on how our clients must use new skills, knowledge, technology and information to complete the long and tough transformation to the future delivery model.
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.
Amazon brings cashierless tech to hospitals
Payments Dive
JANUARY 11, 2024
After opening automated stores on college campuses and sports stadiums, the tech giant is moving into healthcare facilities.
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Convenience retailer Maverik taps Relay’s fuel payment tech
Payments Dive
JANUARY 11, 2024
The Salt Lake City-based convenience store retailer joins Yesway and Pilot in implementing Relay’s contactless purchasing platform.
This week’s podcast episode: Foreclosing on “zombie” mortgages: what lenders and servicers should know
CFPB Monitor
JANUARY 11, 2024
We discuss various issues faced by lenders and servicers when attempting to foreclose on “zombie” mortgages, meaning second mortgages on which the borrower has not made a payment for a considerable period of time and the lender or servicer has not previously taken action to foreclose. First, we look at the CFPB’s May 2023 advisory guidance on the enforcement of time-barred mortgage loans. .
UK car finance: ‘millions of drivers could get payout’ as watchdog investigates
TheGuardian
JANUARY 11, 2024
FCA to examine whether consumers have been charged inflated loan rates on new and secondhand cars What is the FCA looking into and will people get money back? Millions of drivers could be in line for a payout, it has been claimed, after the UK financial watchdog opened an investigation into whether consumers had been unfairly charged inflated prices for loans on new and secondhand cars.
How auction design can make a difference: the case of the Bank’s Indexed Long-Term Repo Facility
BankUnderground
JANUARY 11, 2024
Julia Giese and Charlotte Grace In response to the global financial crisis, the Bank of England (BoE) began using Product-Mix Auctions (PMA) to provide liquidity insurance to financial institutions. The PMA, designed by Paul Klemperer , allows the quantity of funds lent against different types of collateral to react flexibly to the economic environment and market stress.
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
Former head of bank with links to Greensill Capital fined by UK financial regulator
TheGuardian
JANUARY 11, 2024
Chief executive of Wyelands Bank, part of steel magnate Sanjeev Gupta’s empire, found to have committed ‘serious’ rule breaches • Business live – latest updates The former boss of a bank linked to steel magnate Sanjeev Gupta has been fined nearly £120,000 for not managing the troubled lender’s exposure properly. Iain Mark Hunter, the former chief executive of Wyelands Bank, will pay a fine of £118,808 for failing to ensure the lender had adequate systems and controls, the Bank of England said on
Visa and Mastercard push to make VC investing more diverse
American Banker
JANUARY 11, 2024
The card networks are expanding their development of accelerators for women and minority-owned businesses, improving these entrepreneurs' access to venture capital.
Grasshopper, Mantl to launch small business product
BankInovation
JANUARY 11, 2024
Grasshopper Bank is working with account origination solution provider Mantl to make credit more easily available to the bank’s small business clients. The New York-based digital bank’s clients asked for a simpler way to access credit in “a more efficient, technology-oriented way,” Grasshopper Bank Chief Executive Mike Butler told Bank Automation News.
Former recruitment head sues Goldman Sachs for £1m over ‘excessive workload’
TheGuardian
JANUARY 11, 2024
Ian Dodd says in high court claim he developed heart problems and depression that made him suicidal The former head of recruitment at Goldman Sachs is suing the investment bank for more than £1m alleging that demanding him to be “working unreasonable and excessive hours” led to “physical and psychiatric injuries” and “wanting to take his own life”. Ian Dodd, 55, who was Goldman’s global head of recruiting in London between 2018 and 2021, says in a personal injury claim at the high court that he
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.
By the numbers: 97% of FIs to invest more in AI
BankInovation
JANUARY 11, 2024
The financial services industry is investing in AI and generative AI as uses for both technologies expand. Ninety-seven percent of FIs plan to increase investment in AI to identify uses, optimize workflows and enhance their infrastructures, according to chip-making behemoth Nvidia’s “State of AI in Financial Services: 2024 Trends” report, published today.
Walmart announces new generative AI-powered capabilities
The Paypers
JANUARY 11, 2024
Walmart has announced new AI-powered tools to help shoppers quickly search for products and automate the process of re-ordering frequently ordered items.
To reduce bank account closures, AI needs data — and humans
American Banker
JANUARY 11, 2024
The anti-money-laundering systems that are automatically kicking customers out of their accounts need to be tempered with rich customer data, human involvement and perhaps quick requests for information from customers.
OpenAI launches its own GPT Store | SEC approves 11 spot Bitcoin ETFs | HSBC reportedly eyeing Tesco Bank acquisition
Bussman Advisory
JANUARY 11, 2024
This week’s must-know stories in the FinTech, AI and Digital Asset space: OpenAI launches its own GPT Store SEC approves 11 spot Bitcoin ETFs HSBC reportedly eyeing Tesco Bank acquisition Plus, 12 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter pro
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.
Five trends to watch in banks' Q4 earnings
American Banker
JANUARY 11, 2024
When big banks kick off earnings season on Friday, industry observers will be paying close attention to loan growth, deposit growth, expense growth, credit quality and capital ratios. All five areas will offer clues about the industry's trajectory in 2024.
ECB allocates EUR 1.2 billion for retail digital euro development
The Paypers
JANUARY 11, 2024
The European Central Bank has announced plans to allocate up to EUR 1.2 billion to contractors to develop features facilitating offline payments for a retail digital euro.
SEC approved spot bitcoin ETFs. What happens now?
American Banker
JANUARY 11, 2024
The decision could make bitcoin a major part of more investing portfolios. But after bitcoin, the SEC is likely to move slowly on approving other crypto-tied ETFs.
ACI Worldwide to enable payments for Co-op
The Paypers
JANUARY 11, 2024
Real-time payments software ACI Worldwide has announced that Co-op migrated its full stack of payments and fraud prevention software into its cloud platform.
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.
Fed Inspector General: Board needs policies for sensitive information
American Banker
JANUARY 11, 2024
The internal watchdog called for new standards for staff handling of controlled unclassified information.
Plaid partners with PortX
The Paypers
JANUARY 11, 2024
Financial infrastructure and integration tech company PortX and data network powering the digital financial ecosystem Plaid have partnered to expedite data access and innovation for financial institutions.
Global Federal Credit Union buying $1.5 billion-asset Washington bank
American Banker
JANUARY 11, 2024
The deal by the $11.8 billion-asset Global (formerly AlaskaUSA) to acquire First Financial Northwest Bank is one of the largest bank deals ever struck by a credit union.
DIGISEQ partners with marketplace platform TAP2
The Paypers
JANUARY 11, 2024
UK–based wearable payments tech provider DIGISEQ , has closed a partnership with the TAP2 marketplace to provide customers access to their chosen range of wearables.
Confronting the Change Challenge
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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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