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.

Apple 170

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 113

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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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 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 65

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

Sens. Sherrod Brown of Ohio, Jack Reed of Rhode Island and Elizabeth Warren of Massachusetts asked Early Warning Services, which operates the payment platform Zelle, to clarify its reimbursement policy around impostor scams.

Rhode Island 81

Rhode Island Policies Ohio Massachusetts 81

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 69

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

New York

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.

Compliance 52

Compliance Regulation 52

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

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

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 69

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

American Banker

FEBRUARY 16, 2024

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

How To 83

How To 83

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

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

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

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

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

The Paypers

FEBRUARY 16, 2024

US-based financial technology provider Fiserv has announced the expansion of its CheckFreePay network for in-person bill payments to NCR Atleos ’ ATM network.

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ATM Financial Technology US Technology 45

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

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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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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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.

Data 41

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

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.

Software 36

Software Tools Payments Industry 36

The Paypers

FEBRUARY 16, 2024

Australia-based digital identity ecosystem ConnectID has announced that property management platform RentBetter has integrated its digital identity services.

Industry 45

Industry Management 45

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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