Accenture

JULY 17, 2024

Interest rates and inflation are on everyone’s minds. Cost-conscious customers want to see value for their money and don’t want to pay for what they don’t use. Companies, in turn, are looking to better align their pricing with costs. Even as budgets tighten, they want to attract new customers, reduce churn and boost revenue. The… The post Usage-based pricing: Achieve growth with value-added payment services appeared first on Accenture Banking Blog.

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Payments Company 322

Payments Dive

JULY 17, 2024

The student loan sale is the latest loose end Discover seeks to tie up since Capital One announced its intent to purchase the card company.

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Capital Cards Company 195

BankUnderground

JULY 17, 2024

Joel Mundy and Matt Roberts-Sklar When markets are volatile, liquidity tends to worsen. This makes it harder to intermediate buyers and sellers. We saw this during the 2022 liability-driven investment (LDI) stress, when the UK government bond (gilt) market exhibited extreme volatility. This illiquidity was also evident in gilt futures, derivatives that support functioning in the cash gilt market.

Marketing 117

Marketing Policies Technology Analysis 117

Payments Dive

JULY 17, 2024

Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.

Capital 195

Capital Payments 195

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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.

Groups

American Banker

JULY 17, 2024

Congress needs to take immediate action to reform policies that foster this trend and ultimately subsidize banking consolidation on Main Street, writes Rebeca Romero Rainey, president and CEO of the Independent Community Bankers of America.

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Community Community Bank Policies Maine 99

American Banker

JULY 17, 2024

The Chinese technology giant is partnering with BNP Paribas to reach more merchants; Sequoia makes an investment offer that could boost confidence in Stripe; and more.

Technology 88

Technology cryptocurrency Cards Payments 88

BankInovation

JULY 17, 2024

HSBC Holdings Plc staff entering Georges Elhedery’s office in Dubai used to joke that it felt like walking into a freezing meat locker. The executive told a colleague that the abnormally cold room made him more productive.

Retail 77

Retail 77

TheGuardian

JULY 17, 2024

Former finance chief takes up role in September when 37-year company veteran Noel Quinn stands down Business live – latest updates HSBC has named its finance chief, Georges Elhedery, as the bank’s new chief executive to replace Noel Quinn, who is stepping down after five years in the role. Elhedery, who will take on the post in September, is being promoted from chief financial officer, which he took up in January last year.

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Company 62

BankInovation

JULY 17, 2024

Ally Financial continues to invest in its digital capabilities as clients gravitate toward its online channels. “We’ve made significant investments to modernize our technology platform, including the core operating system of the auto finance business and ongoing investments in data and analytics,” Chief Executive Michael Rhodes said during today’s second-quarter earnings call.

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Analytics Data System Operations 72

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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

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The Paypers

JULY 17, 2024

Hewlett Packard Enterprise (HPE) has partnered with Australia-based retail stockbroker CMC Markets to modernise their Australian operations with HPE GreenLake cloud.

Marketing 60

Marketing Retail Operations 60

BankInovation

JULY 17, 2024

U.S. Bank expects revenues from its payments segment to continue to climb as it develops and deploys technology for small- and medium-sized businesses. The $669 billion bank reported $1.1 billion in payments revenue in the second quarter, up 2.7% year over year, according to the company’s earnings report. Merchant payments processing revenue accounted for 84.

Payments 72

Payments Report Technology US 72

TheGuardian

JULY 17, 2024

Georges Elhedery learned Mandarin in preparation for the top job, a sign that he grasps exactly where his lender’s strength and weakness lie When a handful of Hong Kong journalists dialled in to a media call with HSBC bosses in February, Georges Elhedery took them by surprise. In a momentary distraction from the bank’s 80% drop in annual profits , the chief financial officer issued greetings in Mandarin.

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American Banker

JULY 17, 2024

CTrust is providing scores specific to the legal weed business, an industry that poses a lot of challenges and opportunities for banks and other lenders.

Payments 53

Payments Industry Technology 53

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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.

Lending

The Paypers

JULY 17, 2024

ChargeAfter has announced its partnership with pay-over-time financing option provider Snap Finance in order to expand its embedded lending network.

Lending 45

Lending 45

American Banker

JULY 17, 2024

The credit card giant says its proposed acquisition of Discover would facilitate a bevy of community development activity and philanthropy. But some public advocacy groups are skeptical.

Community 48

Community Capital Cards Groups 48

The Paypers

JULY 17, 2024

In collaboration with Mastercard , Raistone has published a whitepaper highlighting how many SMEs turn to Account Receivable Finance (ARF) to improve working capital.

Capital 41

Capital 41

American Banker

JULY 17, 2024

An analysis of 13 comment letters from the financial industry highlights the most important changes banks want to see to rules proposed by CISA.

Regulation 48

Regulation Analysis Industry Cyber Security 48

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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.

Analysis

The Paypers

JULY 17, 2024

The Payment System Regulator (PSR) and the Financial Conduct Authority (FCA) have launched a joint call to gather additional information on Big Tech and the use of digital wallets.

Regulation 36

Regulation System Payments 36

American Banker

JULY 17, 2024

For at least the fifth consecutive quarter, the Providence, Rhode Island, company increased its allowance for credit losses on general office loans, which continue to be a problem area for banks.

Rhode Island 41

Rhode Island Company Lending 41

The Paypers

JULY 17, 2024

Westpac has introduced dynamic mobile cards for institutional, corporate, and government clients, allowing quick and secure 'tap and go' payments, and granting them better control.

Mobile 36

Mobile Cards Security Payments 36

American Banker

JULY 17, 2024

The credit card company is seeing fewer customers fall behind on their payments. But with lower-income consumers still being pinched by inflation, Synchrony isn't loosening its lending standards.

Lending 36

Lending Cards Payments Company 36

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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.

Lending

Image Works Direct

JULY 17, 2024

image.works employs a lot of graphic designers, but if there were an award for “Most Active,” Emma Strieker would probably win. In her off hours she’s often on the go, whether it’s “fishing for hours, going to the skate park, downhill skiing, hiking, gardening, kayaking” or just being outside.

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American Banker

JULY 17, 2024

The Detroit-based auto lender has been dealing with an imbalance in deposit costs and loan yield since rates rapidly rose. Now, the bank's fixed-rate loans from before are maturing.

Detroit 36

Detroit Lending 36

The Paypers

JULY 17, 2024

Mangopay has announced its partnership with European marketplace ManoMano in order to power new payment capabilities for marketplace businesses.

Payments 41

Payments 41

American Banker

JULY 17, 2024

Morgan Stanley became the latest big Wall Street bank to tap the U.S. investment-grade market Wednesday after reporting earnings, as strong investor demand helps lenders borrow at lower yields than would have been possible at the start of the month.

Marketing 36

Marketing Report 36

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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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