Tue.Oct 29, 2024

article thumbnail

Finding BaaS talent is elusive, expensive — and essential

American Banker

Community banks will have to pay more, get creative and train from within to build robust banking-as-a-service divisions that can withstand higher regulatory standards.

article thumbnail

How open banking will shape the future of payments

Payments Dive

The Consumer Financial Protection Bureau released its final open banking rule this month, leading the payments and financial services industries to begin preparing for a new era in data-sharing.

Payments 475
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Key Insurance Takeaways from InsureTech Connect 2024

Perficient

The 2024 InsureTech Connect (ITC) conference was truly exhilarating, with key takeaways impacting the insurance industry. Each year, it continues to improve, offering more relevant content, valuable industry connections, and opportunities to delve into emerging technologies. This year’s event was no exception, showcasing the importance of personalization to the customer, tech-driven relationship management, and AI-driven underwriting processes.

Industry 473
article thumbnail

MoneyGram replaces CEO, naming former Walmart executive to the role

Payments Dive

The money transfer company named the new CEO just weeks after a cyberattack led to a systemwide shutdown of its services for several days.

Company 221
article thumbnail

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.

article thumbnail

Understanding payment glitches vs bugs

ATM Marketplace

The best way to prevent bugs, defects, or glitches and protect your company, your customers, and your shareholders is by rigorously testing everything.

More Trending

article thumbnail

Santander to cut more than 1,400 jobs in UK amid increasing automation

TheGuardian

News of redundancies comes as UK division delays publication of results after car finance court ruling Santander is cutting more than 1,400 jobs across its UK business this year as part of its efforts to reduce costs. The Spanish bank’s chief executive officer, Hector Grisi, confirmed the cuts as its UK division delayed publication of its latest financial results to consider the impact of an influential court ruling linked to commission on car finance.

article thumbnail

Fed rate cut draws applause—and caution—from bankers

American Banker

Bank executives and industry advocates welcomed the Federal Reserve's interest rate reduction but warned that careful planning for future drops is necessary to avoid creating market turmoil.

article thumbnail

HSBC launches $3bn share buyback as profits beat forecasts

TheGuardian

London-headquartered bank is poised to launch one of the biggest shake-ups in its 159-year history HSBC has reported better-than-expected profits in the third quarter, allowing the bank to launch another multibillion-dollar stock buyback as it embarks on one of the biggest overhauls in the lender’s 159-year history. The London-headquartered bank said strong performance in its wealth division and wholesale banking arm helped push pre-tax profits up 10% to $8.5bn (£6.6bn) in the three months to th

Taxes 76
article thumbnail

Help young workers see your on-the-job coaching as an investment

American Banker

If you want your constructive criticism to land the right way with younger employees, it's important that they see it as evidence of your belief that they have a future in your bank.

81
article thumbnail

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.

article thumbnail

JPMorgan sues customers over alleged fraud linked to TikTok viral glitch

TheGuardian

US bank accuses four users of stealing about $660,000 in total from ATMs using fake cheques JPMorgan Chase is suing customers in the US it accuses of stealing thousands of dollars from ATMs by exploiting a technical glitch that went viral on TikTok this summer. The US bank has filed lawsuits in at least three federal courts against people who withdrew funds before a cheque bounced, in the so-called “infinite money glitch”.

ATM 75
article thumbnail

Citi to move risk models, workforce and customer apps to Google Cloud

American Banker

Through a multiyear agreement, Citigroup is cloudifying the way it delivers software to employees, customers and its markets business.

Google 81
article thumbnail

5 Highlights of Jack Henry Connect 2024 | FinTalk

Jack Henry

This year’s Jack Henry Connect was a remarkable event that captured the spirit of community banking while embracing the continuously shifting world of technology.

article thumbnail

Transak data breach affects over 92,000 users following phishing attack

The Paypers

Transak , a firm providing crypto on-ramp services, has recently reported a data breach impacting over 92,000 users due to a phishing incident.

Data 74
article thumbnail

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.

article thumbnail

Treasury launches new financial inclusion push 

American Banker

Treasury Secretary Janet Yellen announced an initiative aimed at enhancing financial inclusion. The plan includes calling on U.S. banks to participate in upholding fairness and expanding consumer financial access.

article thumbnail

allpay attains ISO 27001:2022 Certification

The Paypers

allpay has announced that it achieved the ISO 27001:2022 Certification, representing a significant advancement from the earlier 2013 version.

66
article thumbnail

SBA loan sizes keep falling as banks lean into small-dollar lending

American Banker

The average size of a Small Business Administration 7(a) loan has fallen to just over $400,000, a level last reached in 2017, according to agency statistics.

Lending 66
article thumbnail

Mesh and Shift4 partner to enable global crypto payments for merchants

The Paypers

Mesh , a platform designed to simplify connectivity in crypto transactions, has announced an integration with Shift4 , a provider of integrated payments technologies.

article thumbnail

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.

article thumbnail

7 Steps to Apply for a Private Lending Bridge Loan Multifamily

Commercial Lending USA

Navigate the complex world of multifamily financing. Learn how to secure a private lending bridge loan in 7 simple steps.

Lending 59
article thumbnail

Santander UK delays results as it considers landmark car loan ruling

TheGuardian

Some analysts say court of appeal ruling on mis-selling could cost the bank £1.1bn Business live – latest updates Santander UK has delayed the release of its third-quarter results at the last minute as it scrambles to review last week’s landmark court judgment into car finance misselling that some analysts say could cost the lender £1.1bn. The bank was scheduled to release its latest quarterly earnings report on Tuesday morning, alongside those of its Spanish parent company, Banco Santander.

Report 58
article thumbnail

PayPal's AI bet boosts its recovery

American Banker

The payment company's high-tech Fastlane checkout system helped third-quarter adjusted earnings best Wall Street's expectations, though analysts expressed some concern about momentum carrying into 2025.

System 53
article thumbnail

The man with the transformation plan

ABA Community Banking

Meet John Asbury, ABA’s 2024-25 chair and CEO of Atlantic Union Bank. The post The man with the transformation plan appeared first on ABA Banking Journal.

Meeting 52
article thumbnail

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.

article thumbnail

Treasury launches new financial inclusion push

American Banker

Treasury Secretary Janet Yellen announced an initiative aimed at enhancing financial inclusion. The plan includes calling on U.S. banks to participate in upholding fairness and expanding consumer financial access.

article thumbnail

Podcast: Rebuilding ‘the great Virginia regional bank’

ABA Community Banking

John Asbury didn't need a new job in 2016, but when he saw an opportunity build something lost in the 1990s, what he calls "the great Virginia regional bank," he took it. The post Podcast: Rebuilding ‘the great Virginia regional bank’ appeared first on ABA Banking Journal.

article thumbnail

Visa beats forecasts on revenue and earnings

American Banker

The credit card processing company posted a strong end of its fiscal year, but many headwinds loom over its fiscal 2025.

Cards 41
article thumbnail

5 Things Banking Marketers Should Consider Before Responding to Fed Rate Cuts

The Financial Brand

This article 5 Things Banking Marketers Should Consider Before Responding to Fed Rate Cuts appeared first on The Financial Brand. As Fed rate cuts begin, banks face a slew of risks. From rising delinquencies to deposit strategies, here's how to navigate it. This article 5 Things Banking Marketers Should Consider Before Responding to Fed Rate Cuts appeared first on The Financial Brand.

article thumbnail

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.