Wed.Apr 10, 2024

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The banking and crypto markets may be more symbiotic than you think

American Banker

Many assumed the advent of cryptocurrencies heralded a revolution in finance. The truth may be that crypto's overall impact on the financial services industry is more evolutionary than revolutionary.

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PayPal’s new CEO lands $42M pay package

Payments Dive

The bulk of that compensation stems from a major stock grant handed to Alex Chriss when he took the digital payments company’s top post last year.

Payments 221
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Truist parts ways with another CIO

BankInovation

The shakeup at Truist Financial continues. Truist Financial Chief Information Officer Scott Case has left the Charlotte, N.C.-based bank, a source close to the matter told Bank Automation News. Case took on the role of CIO at Truist in December 2019, according to his LinkedIn profile. He joined Truist through the SunTrust–BB&T merger.

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Capital One’s Discover bid tops biggest Q1 tech-related deals

Payments Dive

The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion 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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76% of EU banks to up tech spend to comply with new regulation

BankInovation

European banks are preparing their tech stacks to comply with Instant Payment Regulation, which were set in motion on April 8. The European Parliament and European Council, which provide the foundation for the single euro payments area (SEPA), published the Instant Payment Regulation March 14.

More Trending

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Transactions: Google Cloud powers Quantum Metric’s gen AI tool

BankInovation

Digital analytics platform Quantum Metric used Google Cloud’s Gemini Pro to launch its generative AI-powered session summarization tool Felix AI on April 4.

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Ripple's $2 billion fine may close ugly chapter in history

American Banker

The penalty roughly matches the amount of money the SEC estimates Ripple and its leaders have profited from sales of XRP, which the agency says are unregistered securities.

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The core transformation trail

ABA Community Banking

Core banking conversion is a daunting trek. Consultants can be a guide on the trail, but choosing one is its own challenge. The post The core transformation trail appeared first on ABA Banking Journal.

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Capital reform could 'deviate' from Basel agreement: Fed's Bowman

American Banker

The Federal Reserve Board governor and frequent regulatory critic says it would be appropriate for the U.S. to deviate from the agreed-upon international standards to reflect "unique characteristics" of the American banking system.

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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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Entrust finalises Onfido acquisition

The Paypers

Payments, identities, and data company Entrust has completed its acquisition of Onfido , an identity verification company, to combat deepfakes and AI-powered cyber attacks.

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Instant Payments: What FedNow Could Learn From Brazil’s Pix

The Financial Brand

This article Instant Payments: What FedNow Could Learn From Brazil’s Pix appeared first on The Financial Brand. Pix instant payments accelerated way beyond credit and debit in 2023. Growing popularity for digital wallets could give FedNow an opening. This article Instant Payments: What FedNow Could Learn From Brazil’s Pix appeared first on The Financial Brand.

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PayU partners with PayPal

The Paypers

Online payment solutions provider PayU has announced its partnership with PayPal in order to improve cross-border payments for India-based merchants.

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Ameriprise to pick up $2B credit union program from LPL

American Banker

Kinecta Wealth Management, the wealth arm of Kinecta Federal Credit Union, will switch firms by the end of the year.

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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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SurePay's solutions available on Temenos Exchange

The Paypers

Payment verification solution provider SurePay has announced the availability of its services on the cloud-based Temenos Exchange partner ecosystem.

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Employee Spotlight: Shelby Moyer

Image Works Direct

Meet Shelby Moyer, one of the image.works copy team’s most versatile writers! Originally from the Seattle area, she’s now settled in her husband Cody’s home state of Wisconsin, where they recently bought their first home. When Shelby’s not at work, you can find her thrifting/antiquing, reading or exploring the outdoors with her dogs, Maizie and Teddy.

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Post Office offers cash deposits from Monzo customers

The Paypers

UK-based Post Office has enabled cash deposits for digital bank Monzo ’s customers across all of the former’s facilities in the UK.

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Fannie Mae, Freddie Mac regulator, CSBS agree to share nonbank info

American Banker

The memorandum creates channels for sharing information about nonbanks between the Federal Housing Finance Agency and the Conference of State Bank Supervisors.

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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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Nuvei secures MPI license in Singapore

The Paypers

Nuvei has secured an MPI license in the region of Singapore to accelerate its APAC expansion and to provide customers in the country with additional solutions.

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Mastercard realigns business structure, NY Fed joins cross-border test

American Banker

Mastercard established a new structure for businesses focused on card acceptance and transaction processing, new payment flows and value-added services. Separately, the Federal Reserve Bank of New York is joining several countries' central banks in a test of tech to support cross-border transactions.

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FICO and Atto enable Open Banking integration for UK lenders

The Paypers

UK-based credit risk solutions provider Atto has partnered with analytics software company FICO to integrate Open Banking data into UK credit scoring.

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Gen Zers Aren’t Going to College. Here’s What That Means for Banks.

The Financial Brand

This article Gen Zers Aren’t Going to College. Here’s What That Means for Banks. appeared first on The Financial Brand. Gen Zers are pursuing non traditional career paths. This could mean big changes for banks and credit unions. This article Gen Zers Aren’t Going to College. Here’s What That Means for Banks. appeared first on The Financial Brand.

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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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Santander to launch Openbank in the US

The Paypers

Santander has launched a new national, digital offering in the region of the United States under the Openbank brand, aiming to improve customer experience.

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Banks wrestle with CEO succession plans

American Banker

JPMorgan Chase's board has announced the slate of candidates to replace Jamie Dimon if he ever retires. The bank is just one of several large institutions that have recently decided on who will take over the top job.

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Aterian partners with Mercado Libre

The Paypers

US-based consumer products platform Aterian has begun selling product on the Mercado Libre marketplace.

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FDIC's Gruenberg: We have a strategy to fail a 'too big to fail' bank

American Banker

Federal Deposit Insurance Corp. Chairman Martin Gruenberg says the agency would likely use a resolution strategy for a global systemically important bank that puts the holding company into resolution and keeps subsidiaries operating under a bridge company.

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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.