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.

Payments 250

Payments Company 250

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.

Capital 359

Capital Cards Company 359

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 118

Marketing Policies Technology Analysis 118

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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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 67

BankInovation

JULY 17, 2024

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Advertiser: ZoomInfo

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Analysis

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

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.

Analytics 72

Analytics Data System Operations 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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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

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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.

Lending

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

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

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

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

Advertiser: ZoomInfo

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Capital

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

Open Banking solutions provider Salt Edge has launched its 6th Open Banking Gateway API version.

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American Banker

JULY 17, 2024

See which bank topped American Banker's annual ranking of the best-performing midsize institutions.

Community Bank 45

Community Bank Community 45

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

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Operations

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 Financial Brand

JULY 17, 2024

This article Digital is Draining Banks’ Emotional Connections with Customers. GenAI May Make Things Worse appeared first on The Financial Brand. CX has suffered in recent years as it gets harder for customers to bank with people. Forrester's Alyson Clarke has solutions — and a warning. This article Digital is Draining Banks’ Emotional Connections with Customers.

Branding 38

Branding Customer Experience 38

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

The Financial Brand

JULY 17, 2024

This article Consumers Love Their Banks (For the Most Part), But Happiness is Wearing Thin appeared first on The Financial Brand. Trust meets tech: How banks balance innovation and tradition in 2024, insights on customer preferences, AI adoption and the future of banking, all in EPAM's latest report. This article Consumers Love Their Banks (For the Most Part), But Happiness is Wearing Thin appeared first on The Financial Brand.

Branding 36

Branding Meeting Innovation Report 36

Advertiser: ZoomInfo

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.

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