TheGuardian

DECEMBER 4, 2023

A number of community organisations say they were left struggling after bank closed or froze accounts ‘without warning’ Some charities, churches and other community groups have described being thrown into financial disarray after Barclays shut or froze their bank accounts without warning. Several of the organisations affected, which include charities helping young people, and a Methodist church in the midst of significant building works, have banked with Barclays for over 20 years.

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Community Groups 111

Payments Dive

DECEMBER 4, 2023

Leaders are confronting growing challenges across their payment operations.

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Payments Fintech Operations 396

CFPB Monitor

DECEMBER 4, 2023

Tomorrow, the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing entitled “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services.” The witnesses will be: Valerie A. Szczepanik, Director of the Strategic Hub for Innovation and Financial Technology (FinHub), Securities and Exchange Commission Donna Murphy, Acting Deputy Comptroller for the Office of Financial Techn

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Innovation Financial Technology Policies Compliance 78

Payments Dive

DECEMBER 4, 2023

The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.

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US Retail Fintech Operations 259

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CFPB Monitor

DECEMBER 4, 2023

In September 2023, the CFPB announced that it was launching a Fair Credit Reporting Act rulemaking and issued an outline of the proposals it is considering in preparation for convening a Small Business Advisory Review Panel. A group of consumer financial industry trade groups recently sent a letter to Director Chopra urging the CFPB to issue an Advanced Notice of Proposed Rulemaking (ANPR) before it publishes a Notice of Proposed Rulemaking.

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Groups Report Industry 78

BankInovation

DECEMBER 4, 2023

BNP Paribas aims to develop 1,000 AI use cases by 2025. The $2.6 trillion, Paris-based bank has been using AI for years and already has 700 uses for the technology, including 26 generative AI models in testing, a BNP spokesperson told Bank Automation News.

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Technology 79

Payments Dive

DECEMBER 4, 2023

Boosting revenue while minimizing fraud risk is a common goal for e-commerce merchants, particularly during the holiday season when sales surge and fraud incidents tend to rise.

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Fraud Strategy Retail 195

American Banker

DECEMBER 4, 2023

United Federal Credit Union plans to enter the state through a merger next year, and that could be a problem for Keystone-state banks and credit unions that are already struggling to grow.

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Pennsylvania Michigan Marketing 88

Payments Dive

DECEMBER 4, 2023

From increased expense visibility and control to added efficiencies and rebates, a commercial card is more than a card—it’s a strategic component of your financial strategy.

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Cards Strategy 195

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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

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The Paypers

DECEMBER 4, 2023

Cooperative Financial Network has pioneered a new procedure for Request-to-Pay, a digital invoicing solution, minimising costs and shaping the future of European transactions.

Payments 85

Payments 85

BankInovation

DECEMBER 4, 2023

Digital lending startup funding drove global fintech funding rounds during the third quarter as automated lending strategies gained investor attention. Funding for these startups reached $1.7 billion in Q3, up 70% sequentially, according to CB Insights’ State of Fintech Q3 report published in October.

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Lending Fintech Strategy Report 74

American Banker

DECEMBER 4, 2023

The number of government-backed home loans transferred from one borrower to another is up significantly this year as prospective buyers look for ways to avoid elevated interest rates. Some say this is the beginning of a larger movement, but others say regulatory hurdles will get in the way.

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Policies Compliance Regulation 85

Jack Henry

DECEMBER 4, 2023

Explore game-changing fraud solutions & cybersecurity insights from Jack Henry Connect 2023

Fraud 88

Fraud Technology Security Innovation 88

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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.

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American Banker

DECEMBER 4, 2023

Bank customers' complaints of sudden account closures track a rise in automated anti-money-laundering decisions and possibly outdated AML rules.

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Technology 81

The Paypers

DECEMBER 4, 2023

Wise Platform , Wise’s global payment infrastructure for banks and big enterprises, has partnered with UK-based fintech Allica Bank to augment money movement for UK businesses.

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Payments Fintech 53

American Banker

DECEMBER 4, 2023

Early Warning Services, which operates the peer-to-peer network, is among the latest to take a creative approach to educating consumers about the relentless onslaught of fraud schemes.

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Fraud Operations Payments 56

The Paypers

DECEMBER 4, 2023

Embedded banking software company Treasury Prime has partnered with Effectiv to provide enterprises and banks with fraud detection and prevention capabilities.

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Fraud Software Company 48

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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.

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American Banker

DECEMBER 4, 2023

The two companies announced the deal more than a year ago and had anticipated closing it in the first half of 2023. But advocacy groups have urged regulators to withhold approval, arguing that it will hurt consumers.

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Regulation Groups Company Community Bank 45

The Paypers

DECEMBER 4, 2023

Adyen has strengthened its global partnership with Klarna , for the latter to benefit from Adyen’s acquiring capabilities to simplify card payments for Klarna's customers.

Cards 41

Cards Payments 41

American Banker

DECEMBER 4, 2023

The Pennsylvania bank has agreed to sell its Exchange Underwriters subsidiary to World Insurance Associates for $30.5 million, saying that the deal will help pad its capital and liquidity.

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Pennsylvania Capital Community Bank Community 41

The Paypers

DECEMBER 4, 2023

Identity tech and biometric solution provider IDEMIA has expanded its partnership with INTERPOL , providing an enhanced Multibiometric Identification System to support its 196 member countries.

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System 41

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American Banker

DECEMBER 4, 2023

Banks including Morgan Stanley, HSBC, Goldman Sachs and JPMorgan Chase have announced individual sustainable finance targets for 2030 that range from $750 billion to $2.5 trillion. Yet such statements leave investors with little real insight into the very different ways in which banks are defining what's sustainable.

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America Industry 36

The Paypers

DECEMBER 4, 2023

UK-based financial services company Unlimit has announced its partnership with UnionPay International in order to accelerate the growth of Unimit’s BaaS platform.

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Company 41

American Banker

DECEMBER 4, 2023

In reality, central bank digital currencies would provide only some of the benefits of a real cryptocurrency and would have numerous drawbacks.

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cryptocurrency Compliance Regulation Payments 52

The Paypers

DECEMBER 4, 2023

QIB has partnered with Visa and ecolytiq to launch its new Carbon Emission Tracker feature, aiming to develop an eco-conscious banking experience for its Qatar clients.

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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.

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