Payments Dive

FEBRUARY 16, 2024

The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.

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Report Company 273

Abrigo

FEBRUARY 16, 2024

Preparing your credit administration for the next cycle Financial institutions should consider these tips for maintaining an efficient credit process throughout the year. You might also like these on-demand webinars tackling common credit risk questions. WATCH Takeaway 1 Credit administration housekeeping should clean up processes that could be streamlined to save time and effort.

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Training Risk Management Analysis Policies 195

Payments Dive

FEBRUARY 16, 2024

Meta said it will pass along Apple’s 30% service charge to advertisers who pay to boost the visibility of their posts on its social networks.

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Apple 170

BankInovation

FEBRUARY 16, 2024

Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions. The bank is offering the more than 57,000 affected clients a free, two-year membership to IdentityWorks, an identity protection product from Experian, according to an Infosys McCamish Solutions filing with the state of Maine.

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America Data Maine Security 118

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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.

Groups

American Banker

FEBRUARY 16, 2024

The bank is arguing in court with Viva founder Haris Karonis over whether it hindered the fintech's growth. The allegations strain a relationship that was already pressured by inflation and other economic factors.

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Fintech Payments 85

American Banker

FEBRUARY 16, 2024

Call for submissions for women 40 years and younger who are rising stars at their bank or financial institution.

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How To 83

TheGuardian

FEBRUARY 16, 2024

From its lavish launch parties to a 2019 accounting scandal, the UK challenger bank has been beset by controversy In early 2008, inside the Seashell fish and chip shop in Marylebone, west London, Anthony Thomson was about to make a deal. Sitting with the American billionaire Vernon Hill over cod and chips, he revealed plans to import the tycoon’s template for a US-style, consumer-focused bank to the UK.

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Metro US 82

CFPB Monitor

FEBRUARY 16, 2024

The U.S. Department of Housing and Urban Development (HUD) recently issued a press release announcing a 2023 update to its Equity Action Plan. The Equity Action Plan is part of HUD’s efforts to implement President Biden’s Executive Order on “ Advancing Racial Equity and Support for Underserved Communities Through the Federal Government.”.

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Community Lending 78

American Banker

FEBRUARY 16, 2024

The Los Angeles-based bank said that it's eliminating roles across its footprint. The job cuts follow a year in which expenses soared and losses piled up.

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Los Angeles National Report Industry 74

Advertiser: ZoomInfo

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.

Analysis

ABA Community Banking

FEBRUARY 16, 2024

On the latest episode of the ABA Banking Journal Podcast, Kristiane Koontz discusses ABA's recent work on core resilience and competition, as well as the Core Platforms Committee's plans for 2024. The post Podcast: How flexible is your core? A new tool to help assess appeared first on ABA Banking Journal.

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Tools Community Bank Community Innovation 69

American Banker

FEBRUARY 16, 2024

Federal Reserve Vice Chair for Supervision Michael Barr said Friday Fed supervisors continue to draw on lessons learned from last March's bank failures — like the need for heightened scrutiny — in addressing risks banks currently face including firm asset growth, liquidity pressures and plummeting commercial real estate values.

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Compliance Regulation 68

The Paypers

FEBRUARY 16, 2024

WLPayments , a global payment processing and orchestration platform, has integrated with Unlimit , a payment solutions provider.

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Payments 67

American Banker

FEBRUARY 16, 2024

Buying North Shore Bancorp in Peabody, Massachusetts, would give Hometown nearly $6 billion of assets and a higher profile in New England.

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Boston Massachusetts Community Bank Community 60

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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.

Lending

BankInovation

FEBRUARY 16, 2024

NatWest is saving on costs and improving the customer journey through technology. “Since 2021, we have delivered run rate savings of around 250 million pounds ($315 million) a year through digitizing customer journeys,” newly appointed Chief Executive Paul Thwaite said during the bank’s fourth-quarter earnings call today.

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Technology Digital Banking Retail 57

Bussman Advisory

FEBRUARY 16, 2024

This week’s must-know stories in the FinTech, AI and Digital Asset space: OpenAI unveils AI that instantly generates eye-popping videos Microsoft, OpenAI fighting foreign hackers utilizing ChatGPT in attacks Apple reached 12m credit card users and US$10B in savings balances Plus, 12 more exclusive stories to help you stay ahead of the curve! The latest edition of the FinTech Ecosystem Newsletter is here : J oin our Community Join our community of 52,000+ subscribers and stay informed o

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Video Apple Cards Fintech 52

American Banker

FEBRUARY 16, 2024

Rep. Andy Barr, R-Ky., will propose legislation on Friday that would curtail the Federal Reserve's ability to slow down the bank merger process by mandating that the central bank must approve or deny applications within 90 days of receiving them.

Policies 48

Policies Regulation 48

The Paypers

FEBRUARY 16, 2024

UK-based identity platform Trulioo has announced its collaboration with EQ Bank , aiming to provide the latter with identity document and biometric verification.

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Advertiser: ZoomInfo

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.

Capital

American Banker

FEBRUARY 16, 2024

Community Bank System in Syracuse faced claims it failed to properly pay some branch-level employees, making it one of a growing number of banks forced to confront compensation-related disputes in recent months.

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New York Community Bank Community System 41

The Paypers

FEBRUARY 16, 2024

US-based regulated digital assets institution Nexo has announced its collaboration with Sift , aiming to safeguard customers against digital risk and simplify user experience.

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User Experience Regulation US 45

American Banker

FEBRUARY 16, 2024

An investor in early stage fintech startups weighs in on the breakthrough technologies that will transform the relationships between banks and fintechs.

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Data Fintech Technology 41

The Paypers

FEBRUARY 16, 2024

AI-driven global payment provider and shopping assistant Klarna has launched its Sign in with Klarna product to offer clients an optimised shopping experience.

Payments 45

Payments 45

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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.

Operations

American Banker

FEBRUARY 16, 2024

Ex-State Street exec joins Citizens Financial's board, payment software firm Toast will cut workers, Visa rolls out enhanced digital wallet tools and more in the weekly banking news roundup.

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Software Tools Payments Industry 36

The Paypers

FEBRUARY 16, 2024

UK-based retailer ASDA has announced its partnership with Accertify in order to provide its customers with optimised ecommerce fraud prevention services.

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Fraud Retail 45

American Banker

FEBRUARY 16, 2024

Amid an upturn in deposits, banks are searching for ways to put this new cash to work. The traditional option — boosting lending — is hard to do right now. That's left banks to park more money in high-quality securities that they believe will boost returns without heaping on too much credit risk.

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Lending Security America Industry 36

The Paypers

FEBRUARY 16, 2024

The Reserve Bank of India (RBI) has urged Visa and Mastercard to halt card-based business-to-business (B2B) payments routed via third-party fintech firms.

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Fintech Payments Cards 45

Advertiser: ZoomInfo

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.

How To