Mon.Oct 21, 2024

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Swipe Smart, Save Big: Your Festive Shopping Cheat Sheet!

BankBazaar

Ah, the festive season is here! There’s something magical in the air — the smell of freshly made sweets, homes adorned with twinkling lights and the hum of excitement as people prepare to celebrate. But let’s be real, the true magic for many is spotting that elusive 50% off sign at your favourite stores! Whether you’re eyeing the latest gadget, planning a wardrobe revamp or looking to upgrade your home, this is the season to splurge.

Cards 78
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Fiserv may grab competitive edge with new bank charter

Payments Dive

The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.

Industry 435
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Navigating distressed & problem loans: Legal & borrower considerations

Abrigo

How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle. In this guest column, Jason Alpert, Managing Partner of Castlebar Holdings , explains how financial institutions should respond.

Strategy 195
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Stripe to buy stablecoin company Bridge for reported $1.1 billion

Payments Dive

The CEO's for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.

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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 interest rates to fall to 2.75% by next autumn, Goldman Sachs predicts

TheGuardian

Economists at investment bank say markets are underestimating likely extent of action by Bank of England Business live – latest updates Interest rates are on course to fall to 2.75% by next autumn after the Bank of England reduces the cost of borrowing at each of its nine next meetings, a leading investment bank has predicted. Economists at Goldman Sachs said that according to their assessment of the long-term level of interest rates consistent with achieving the government’s 2% inflation target

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Israeli airstrikes on Lebanon hit branches of Hezbollah-linked bank

TheGuardian

Strikes targeted Al-Qard Al-Hassan buildings in Beirut’s southern suburbs, south Lebanon and the Bekaa valley Middle East crisis – live updates Israel carried out a series of airstrikes on the southern suburbs of Beirut, south Lebanon and the Bekaa valley early on Monday morning, striking buildings belonging to the Hezbollah-run banking institution Al-Qard Al-Hassan.

Video 84
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BVNK and Circle partner to expand USDC use for global payments

The Paypers

Payments infrastructure provider BVNK has partnered with financial technology company Circle to support the utility of USDC for BVNK’s global customer base.

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Payment fintechs invest in stablecoin, but where are the users?

American Banker

Stripe, Circle and Ripple all made deals in recent days to boost scale for a form of cryptocurrency that has struggled to reach mainstream consumers and businesses.

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Stripe acquires Bridge for USD 1.1 billion

The Paypers

Stripe , a US-based payment processing company, has acquired Bridge , a fintech startup specialising in facilitating payments through stablecoins, for USD 1.1 billion.

Fintech 81
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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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Santander launches its digital bank in the U.S. market

American Banker

Openbank, which has operated in parts of Europe for years, should help the Spanish bank to fund its U.S. auto lending business, executives said.

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Cryptorefills partners with World App for Worldcoin purchases

The Paypers

Cryptorefills has integrated with World App to offer new features aimed at allowing users to make purchases with Worldcoin tokens.

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Fintech startup Totem tried to do everything right. What went wrong?

American Banker

The consumer neobank, made by and for Native Americans, understood its target audience deeply and had a plan in place to earn revenue beyond interchange fees. Its struggles to get off the ground reflect other challenges — and lessons — for neobanks where a good idea is only the starting point.

Fintech 78
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SCB offers stablecoin solution for cross-border payments

The Paypers

Thailand-based SCB has introduced a stablecoin-based solution for cross-border payments, following the completion of a regulatory sandbox trial.

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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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How The Most Powerful Women to Watch bet on their futures — and won

American Banker

Many of this year's honorees took a chance on their future careers by asking questions, jumping into unknown markets and believing in their ability to get the job done.

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ABA Foundation announces winners of Community Commitment Awards, Distinguished Service Award

ABA Community Banking

The ABA Foundation named seven banks as 2024 Community Commitment Award winners. Raul Valles of Dallas Capital Bank in Texas to receive the George Bailey Distinguished Service Award. The post ABA Foundation announces winners of Community Commitment Awards, Distinguished Service Award appeared first on ABA Banking Journal.

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Evolve Bank says it will start returning money to Synapse end users

American Banker

A consulting firm hired by the bank, Ankura, has reconciled ledgers between Synapse and its partner banks, Evolve says.

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Listening to the community: Creating a branch inspired by heritage and local connections

ABA Community Banking

'As proud of our past as we are, our vision is to the future.' The post Listening to the community: Creating a branch inspired by heritage and local connections appeared first on ABA Banking Journal.

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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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State efforts to set rules for national banks are a dangerous trend

American Banker

Two former comptrollers of the currency argue that state-level efforts to regulate nationally chartered banks fly in the face of both the law and good sense, threatening to take the country back to the era of "wildcat" banking.

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Mastercard launches a new solution for commercial cross-border payments

The Paypers

Mastercard has launched the Mastercard Move Commercial Payments product in a bid to help banks process near real-time commercial cross-border payments.

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Atlantic Union strikes $1.6 billion deal to acquire Sandy Spring Bancorp

American Banker

The all-stock deal is among the largest announced in 2024. It would create a bank with nearly $40 billion of assets.

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Mercury partners with Column

The Paypers

Mercury has partnered with Column in order to provide clients with redundancy, resiliency, and the flexibility to serve firms at various stages of development.

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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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FHFA proposes major corporate governance changes for Home Loan banks

American Banker

The Federal Housing Finance Agency issued a proposed rule for the Federal Home Loan Bank System that allows the FHFA director to set "reasonable" board compensation.

System 28
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Stitch secures ISO 27001 ISMS certification

The Paypers

Stitch has secured ISO 27001 certification in order to ensure that client and customer data will remain secure while working with its suite of services and products.

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Fed's Logan repeats call to lower rates gradually

American Banker

Federal Reserve Bank of Dallas President Lorie Logan repeated her call for the U.S. central bank to lower interest rates at a careful pace as the economic environment remains uncertain.

Dallas 28
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Nium partners with Swift to simplify cross-border payments for banks

The Paypers

Nium has announced its partnership with Swift in order to enable global financial institutions to benefit from simplified and secure cross-border payments.

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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.