Mon.Nov 11, 2024

article thumbnail

The future of embedded finance and payments

Payments Dive

Savvy SaaS platforms increasingly seek growth not through user acquisition alone, but through service expansion and lifting average revenue per user.

Payments 195
article thumbnail

America's smallest and largest community bank: $3 million vs. $3 trillion

American Banker

With plans to open 100 banking centers in "banking deserts," the $3 trillion JPMorgan Chase is arguably the nation's largest community bank. Other big banks should take notice and follow suit, and regulators should encourage them.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Open banking to move toward FDX standard

Payments Dive

Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.

Industry 195
article thumbnail

The rise of crypto in B2B payments: What banks need to know.

American Banker

Blockchain powered transactions for businesses are still in their infancy, but use is expected to grow and banks stand to lose if they don't come up-to-speed.

article thumbnail

Back to Basics with Reconciliations

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.

article thumbnail

Will Shift4 scoop up Lightspeed?

Payments Dive

The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

More Trending

article thumbnail

Visa and Mastercard under investigation in Europe

The Paypers

Visa and Mastercard have been under scrutiny in Europe, with EU antitrust regulators investigating whether their fees negatively impact retailers.

article thumbnail

Bank survey finds Gen Z seeks to build savings, credit

ABA Community Banking

The top financial goal for most Generation Z adults is growing their savings, followed by building their credit and increasing their income, according to a new survey by Academy Bank. The post Bank survey finds Gen Z seeks to build savings, credit appeared first on ABA Banking Journal.

Survey 52
article thumbnail

Ant International launches MSME S-Card with industry partners

The Paypers

Ant International has launched its MSME S-Card, aimed at introducing a sustainability impact on SMEs in their development process, as well as new green financing opportunities.

Cards 62
article thumbnail

End of Treasury’s stake in NatWest is nigh, and no flashy sell-off required | Nils Pratley

TheGuardian

State’s holding in former Royal Bank of Scotland down to 11.4%, without need for Jeremy Hunt’s planned £3bn sale Sometime around spring next year, HM Treasury should finally sell its last share in NatWest, or the Royal Bank of Scotland, as it was. The process will only have taken 17 years. If that feels like an age, it is a shorter timespan than seemed likely only 12 months ago.

Groups 56
article thumbnail

How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

article thumbnail

FBI alerts that hackers are now sending police data requests to steal information

The Paypers

The Federal Bureau of Investigation (FBI) has released a public notice alerting that hackers are now gaining private user details from US-based tech firms by sending police data requests.

Data 46
article thumbnail

Activist group seeks seats at Carver's board table

American Banker

Foiled in a bid to acquire a controlling stake in the New York-based bank earlier this year, Dream Chasers is asking investors to elect two of its members as directors.

Groups 41
article thumbnail

HMRC appoints Modulr as its new CoP supplier

The Paypers

HMRC has decided to appoint Modulr as its new supplier of Confirmation of Payee technology, using a nascent public sector-wide dynamic purchasing system.

System 48
article thumbnail

Seven Bank seeks to expand cash-machine network beyond 7-Elevens

American Banker

Deconsolidation from Seven & i resulting from a reduction of its stake in Seven Bank would make such a scenario more possible, according to CEO Masaaki Matsuhashi.

ATM 36
article thumbnail

Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

article thumbnail

Satispay raises EUR 60 million to further drive its service expansion

The Paypers

Italy-based unicorn Satispay has announced the rise of EUR 60 million funding round, aimed at further driving its service expansion for its customers and partners.

45
article thumbnail

The bank lobby's anti credit union claims ring hollow

American Banker

Credit unions don't enjoy an unfair advantage. What they do is reinvest in their members and their communities in a way banks often do not.

article thumbnail

Ecobank partners with Nium to enable real-time cross-border payments

The Paypers

Nium has announced a partnership with Ecobank to facilitate cross-border payments in 35 African markets for more than 32 million customers.

article thumbnail

Military-targeted mortgage initiatives launch in honor of Veterans Day

American Banker

U.S. military veterans and active duty personnel have four mortgage industry participants looking to enhance their ability to take advantage of their benefits.

article thumbnail

It Takes Two to Tango

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.

article thumbnail

Revolut launches new study on legacy banks struggling to meet modern business needs

The Paypers

Revolut has launched a new survey which shows that two-thirds of companies believe that 'legacy banks' are too slow to adapt to modern business needs.

Meeting 45
article thumbnail

‘Insane Perks’ and Smart Strategy: How Berkshire Bank Created a Digital Success Story

The Financial Brand

This article ‘Insane Perks’ and Smart Strategy: How Berkshire Bank Created a Digital Success Story appeared first on The Financial Brand. Berkshire Bank launched its digital platform Berkshire One in just months, blending fintech innovation with community banking values — and exceeding growth targets. This article ‘Insane Perks’ and Smart Strategy: How Berkshire Bank Created a Digital Success Story appeared first on The Financial Brand.

article thumbnail

InComm Payments acquires digital gift card provider Mafin

The Paypers

InComm Payments has acquired the digital gift card provider Mafin , with the latter being expected to be excluded from the scope of consolidation from this fiscal year.

Cards 41
article thumbnail

Three Must-Have Features for Next Gen Banking Apps

The Financial Brand

This article Three Must-Have Features for Next Gen Banking Apps appeared first on The Financial Brand. Apps from U.S. Bank, BofA, Wells Fargo and USAA stand out for specific functions, but the category as a whole still lags customers' expectations. This article Three Must-Have Features for Next Gen Banking Apps appeared first on The Financial Brand.

article thumbnail

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.

article thumbnail

BuzzAR launches BuzzPay, an AI-powered fintech

The Paypers

BuzzAR has launched BuzzPay, an AI-powered fintech solution that integrates with the company’s AI travel companion, BAE (Buzz AI Experience).

Fintech 41
article thumbnail

What Trump presidency will mean for banks' AI projects

American Banker

The Biden administration's executive order on AI may be canceled and replaced with less restrictive policy, but banks will still need to proceed with caution, experts say.

article thumbnail

TD Bank Group partners with TouchBistro

The Paypers

Canada-based financial institution TD Bank Group (TD) has entered into a strategic collaboration with TouchBistro to offer payment solutions to restaurant owners in the region.

Groups 36
article thumbnail

RBI introduces new modifications to KYC regulations

The Paypers

The Reserve Bank of India (RBI) has announced new modifications to Know Your Customer (KYC) guidelines, with the regulator intending to optimise how financial institutions verify identities.

article thumbnail

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.