Wed.Oct 16, 2024

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How Can Banks Push Back Against Margin Pressure?

The Financial Brand

This article How Can Banks Push Back Against Margin Pressure? appeared first on The Financial Brand. A new McKinsey report argues that it's time for banks to hunker down and defend their margins, maybe even at the expense of growth. This article How Can Banks Push Back Against Margin Pressure? appeared first on The Financial Brand.

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How to Increase Debit Card Profitability

South State Correspondent

While there are many overlooked products in banking, the debit card is perhaps the greatest. The product generates significant fees and helps drive deposit balances, yet debit cards rarely get a mention in strategy, marketing, or customer profitability circles. The debit card is one of the greatest workhorses of banking and, unfortunately, is forgotten about due to its sexier older brother—the credit card.

Cards 195
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Visa taps AI analytics partner to add merchant services

Payments Dive

The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

Analytics 195
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Why is Germany shooting its own stagnating economy in the foot? | Simon Nixon

TheGuardian

A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionism A potential merger between a German bank and an Italian rival would not normally elicit much interest beyond the business pages. But these are not normal times. The Italian bank UniCredit recently provoked a political backlash in Germany by acquiring a 21% stake in the German lender Commerzbank.

US 98
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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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Payments players tap M&A to build tech stacks

Payments Dive

The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.

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More Trending

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Tala launches its non-custodial crypto wallet

The Paypers

Financial platform Tala has announced the launch of its non-custodial crypto wallet, which aims to enable customers to have autonomy over their digital currencies.

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Citizens hampered in Q3 by office-loan overhang

American Banker

The regional bank's earnings were impacted by challenges in its office loan portfolio, though its overall results were a mixed bag, with its nascent private bank showing momentum.

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UAE unveils new payment technology using unique vein patterns

The Paypers

The UAE has announced the introduction of 'Palm ID' technology, a payment solution that utilises the unique vein patterns in individuals' palms for transactions.

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Tips for career management from The Most Powerful Women in Finance

American Banker

Industry leaders in this year's ranking shared insight on how they would advise their younger selves on building a path to the top and the skills today's rising professionals need.

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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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Keyrock partners with Deutsche Bank for advanced global digital asset operations

The Paypers

Global digital asset market maker Keyrock has partnered with Deutsche Bank in order to optimise payment and FX operations for market making and OTS trading.

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Australia bans some card fees; Revolut tops UK fraud reports

American Banker

Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country's largest banks.

Fraud 77
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Klarna sells loans to Elliott to free up GBP 30 bln for growth

The Paypers

Klarna has secured a deal to offload BNPL loans that it originates in the UK to the US hedge fund Elliott , in a deal that will free up as much as GBP 30 billion for new loans.

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U.S. Bancorp's earnings checked by subdued lending activity

American Banker

The Minneapolis-based banking giant posted a third-quarter profit, although average total loans slipped 1% from a year earlier. Slower business and commercial real estate lending more than offset gains in the bank's consumer portfolio.

Lending 74
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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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N26 launches Stocks and ETFs in 12 new markets

The Paypers

Germany-based online bank N26 has announced that it launched its Stocks and ETFs trading in 12 new markets, allowing more customers to invest in fractional shares.

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Helping seniors avoid financial scams is just good business for banks

American Banker

As financial fraud becomes more and more sophisticated, banks need to get proactive about protecting their customers from scammers. This is particularly true of seniors, whose deposits are a key source of banks' core deposits.

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Zopa Bank partners with John Lewis Money to offer personal loans

The Paypers

Zopa Bank has partnered with John Lewis Money , the financial services arm of John Lewis Partnership, to offer personal loans to its 23 million customers.

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TD money-laundering scandal puts supervision back under the microscope

American Banker

For more than a decade, the bank allowed billions of dollars from illicit activities to flow through the U.S. financial system unchecked. Some are wondering why examiners didn't put a stop to it sooner.

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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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HTX partners with TradingView to advance crypto trading

The Paypers

Global digital asset trading platform HTX has announced its strategic collaboration with TradingView , with the two companies focusing on augmenting the crypto trading experience for users.

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Overcoming hurdles to credit card issuing for community banks

ABA Community Banking

the path to credit card issuing is within reach for community banks with the right support and technology. The post Overcoming hurdles to credit card issuing for community banks appeared first on ABA Banking Journal.

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CFPB's Chopra pans so-called 'Chopra doctrine' of expanding authority

American Banker

Rohit Chopra, the director of the Consumer Financial Protection Bureau, said his tenure at the agency could be characterized as simply reading statutes rather than finding novel ways to enforce regulations.

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Tebi secures USD 22 million investment for Europe expansion

The Paypers

Business software firm Tebi has announced the rise of USD 22 million funding round led by Index Ventures , aimed at its expansion in north-western Europe.

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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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Banking lobbies back Fed in debit swipe fee suit

American Banker

The Bank Policy Institute and The Clearing House filed a motion to join the central bank's defense of Regulation II.

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Tuum teams up with Zenus Bank to introduce global BaaS

The Paypers

Estonia-based core banking provider Tuum has announced its partnership with Zenus , a US digital bank, with the two organisations planning to work on launching a global Banking-as-a-Service (BaaS) platform.

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New York Community set for a corporate rebranding

American Banker

After NYCB streamlined its branch operations under the Flagstar name, the publicly traded company will begin trading under a new stock ticker symbol in late October.

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Mangopay partners with Storfund

The Paypers

Fintech company Storfund has expanded its partnership with Mangopay in order to boost the support it offers on its platform and provide cash flow solutions to sellers.

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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.