Wed.Mar 05, 2025

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Banks say court’s ‘novel’ ruling upends wire transfer business

Payments Dive

The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has injected uncertainty into the wire transfer market.

New York 244
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Generative AI in credit risk management: A game changer for loan review

Abrigo

Generative AI and the new loan review process The evolution of banking and risk management over the past few decades has been nothing short of remarkable. From paper-ledger loan reviews to digital spreadsheets and now to artificial intelligence, each leap has brought efficiencies that reshape how financial institutions assess credit risk. Generative AI in credit risk management is the latest step forward , offering a transformative approach to loan review.

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Efi Pylarinou, Top Global Tech Thought Leader On FinTech

Perficient

In the latest episode of the “What If? So What?” podcast, Jim Hertzfeld had the pleasure of speaking with Efi Pylarinou, a renowned FinTech expert, speaker, and author of The Fast Future Blur. Efi shares her journey from Wall Street to becoming a leading voice in financial technology and innovation. The conversation covers a wide range of topics, including the concept of everywhere banking, the impact of AI, and the future of financial services.

Fintech 221
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Checkout.com opens San Francisco office

Payments Dive

The British digital payments company is expanding its U.S. presence after seeing revenue surge last year.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Efi Pylarinou, Top Global Tech Thought Leader On FinTech

Perficient

In the latest episode of the “What If? So What?” podcast, Jim Hertzfeld had the pleasure of speaking with Efi Pylarinou, a renowned FinTech expert, speaker, and author of “ The Fast Future Blur. Efi shares her journey from Wall Street to becoming a leading voice in financial technology and innovation. The conversation covers a wide range of topics, including the concept of everywhere banking, the impact of AI, and the future of financial services.

Fintech 221

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Ally joins ranks of banks moving to curb interest rate risk

American Banker

The Detroit lender will take a first-quarter hit due to a latest balance sheet restructuring, but said the play should boost profitability in the long term.

Detroit 58
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Seacoast to buy Heartland Bancshares in Florida

ABA Community Banking

Seacoast Banking of Florida in Stuart has agreed to buy Heartland Bancshares in Sebring, Florida. The post Seacoast to buy Heartland Bancshares in Florida appeared first on ABA Banking Journal.

Florida 52
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Banks won't police themselves on climate issues; New York should

American Banker

As home to the world's biggest financial center, New York state is in a uniquely powerful position to hold banks to the climate pledges they now seem prepared to break.

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UnionPay relaunches in Mauritius to improve cultural and business ties

The Paypers

China-based payment network UnionPay International has relaunched in Mauritius to renew its commitment to supporting businesses, fostering financial inclusions, and acknowledging the island’s cultural heritage.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Lloyds secures patent for AI-driven cybersecurity system

American Banker

Lloyds Banking Group said its system reduces false security alerts by up to 92%, and AI developments could further improve its performance.

System 50
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DigiD outage disrupts critical Dutch services

The Paypers

A large-scale outage has disrupted DigiD , the Netherlands' government authentication system, preventing thousands of residents from accessing essential services.

System 46
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Judge allows consumer groups to defend CFPB overdraft rule

American Banker

Consumer advocates MyPath and the Mississippi Center for Justice have been allowed to intervene in a banking industry lawsuit challenging the CFPB's $5 overdraft fee cap for large financial institutions after the bureau declined to defend the rule.

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Alkami to acquire MANTL and expand account opening offerings

The Paypers

Alkami has announced its acquisition of MANTL in order to expand secure and efficient account opening capabilities for its customers.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Banking groups clash over state vs. federal escrow rules

American Banker

A coalition of national financial organizations filed a friend-of-the-court brief for preemption after regulators filed one against it in a key servicing case.

Groups 36
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Ramp's valuation reaches USD 13 bln in secondary share sale

The Paypers

Expense management fintech Ramp has increased its valuation to USD 13 billion following a USD 150 million secondary share sale.

Fintech 41
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Two Common Social Media Mistakes Made By Businesses

Image Works Direct

Using social media seems like it should be easy. Its a great place to post your thoughts online and to connect with your audience. However, thanks to AI, algorithms and other technological changes, using social media effectively feels like its only getting harder. Thats because a lot of what used to work on social media isnt effective anymore!

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SoFi closes USD 697.6 million loan securitisation of business volume

The Paypers

US-based online personal finance company and bank SoFi has closed a USD 697.6 million securitisation of loan platform business volume.

US 41
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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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WSFS Bank partners with Greenlight for family finance app

American Banker

Greenlight's debit card and app are intended to teach kids and teens how to earn, save, give and spend wisely, with parental supervision.

Cards 36
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Ramp's valuation reaches USD 13 bln in secondary share sale

The Paypers

Expense management fintech Ramp has increased its valuation to USD 13 billion following a USD 150 million secondary share sale.

Fintech 41
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TD cuts top US executive's bonus in wake of AML scandal

American Banker

Leo Salom, who has led Toronto-Dominion's U.S. division since 2022, saw his variable pay decline 35% in 2024.

US 28
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Pledg partners with Trustfull to scale fraud protection in BNPL

The Paypers

France-based Pledg has entered into a strategic partnership with Trustfull , with the company aiming to increase fraud protection in BNPL.

Fraud 36
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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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20 most expensive bank M&A deals in 2024

American Banker

The top five bank M&A deals had an average deal value to tangible common equity ratio of nearly 185%.

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Trust2Connect intros automated KYB platform for business verification

The Paypers

Fintech firm Trust2Connect (T2C) has launched a Know Your Business (KYB) platform designed to automate due diligence for business-to-business transactions.

Fintech 36
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20 largest bank M&A deals by target asset volume in 2024

American Banker

The top five bank M&A deals had an average deal value to tangible common equity ratio of nearly 185%.

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North Korea responsible for USD 1.5 billion bybit hack

The Paypers

The Federal Bureau of Investigation has released a PSA to advise that North Korea was responsible for the theft of USD 1.5 billion bybit track.

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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.