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.

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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.

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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.

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Confronting the Change Challenge

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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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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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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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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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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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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The 2024 Lenders Guide to Automating the Complex Loan

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.

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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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Metro Bank joins forces with BankiFi

The Paypers

Metro Bank , a UK-based community bank, has entered into a collaboration with BankiFi to launch Invoice It, a new solution that intends to support SMEs in sending and receiving payments.

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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.

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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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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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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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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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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.

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Nova Credit expands its partnership with SoFi

The Paypers

Credit infrastructure and analytics Nova Credit has announced that it expanded its multi-year partnership with SoFi to allow the latter to augment its members’ experience.

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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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20 largest banks and thrifts by assets

American Banker

The top five banks and thrifts had combined assets of more than $13 trillion as of June 30, 2024.

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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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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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Tide teams up with Adyen to support small business payments

The Paypers

UK-based business financial platform Tide has partnered with Adyen to support small businesses in accepting in-person contactless payments leveraging their iPhone and the Tide iOS app.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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CFPB's nonbank registry of repeat offenders goes live

American Banker

The Consumer Financial Protection Bureau's nonbank registry to address repeat corporate offenders goes live this week, but some experts have raised concerns about redundancy and costs for nonbanks.

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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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Synchrony profits surge 25% on higher credit card balances

American Banker

The company, which partners with retailers on store credit cards, saw spending volumes slip during the third quarter. But cardholders' outstanding balances rose, driving more interest revenues.

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Velera and Arroweye join forces to improve card issuance

The Paypers

Velera , a credit union service organisation (CUSO) specialising in payment solutions and integrated financial technology, has revealed its partnership with Arroweye.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se