Fri.Sep 01, 2023

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Two credit unions are on a bank shopping spree

American Banker

Five Star Credit Union and Michigan State University Federal Credit Union announced a combined four bank acquisitions within a few days. They're among 10 credit union agreements to buy banks this year.

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Durbin, Marshall lambaste card fee increases

Payments Dive

Sens. Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.

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Third of UK mortgage holders ‘do not think they will pay it off by 65’

TheGuardian

Survey released as HSBC becomes latest lender to increase maximum home loan term to 40 years A third of those with a mortgage do not think they will pay it off by the time they are 65, according to data this week. It coincided with HSBC becoming the latest big lender to increase its maximum mortgage term to 40 years. The chaos in the home loans market has resulted in millions of people in the UK being hit with or facing dramatically higher costs – prompting many to look at stretching their mortg

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Andreessen Horowitz circles healthcare payments

Payments Dive

A health tech partner at the venture capital firm outlined her fintech investment thesis and why the healthcare industry is at an inflection point.

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Fall In Love With the Month-End Close

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.

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CU Build 2023: Not Just Coding, But Connecting

Jack Henry

Learn about the event, be inspired by the credit union community, learn more about the solutions developed, and consider participating next year.

More Trending

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4 ways banks, credit unions can improve the customer experience

American Banker

Smaller financial institutions are prioritizing engagement over other conveniences, a strategy that resonates with younger generations, according to data from Arizent.

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Average out-of-network ATM fees up by a penny: Bankrate

Payments Dive

Banks are charging more for out-of-network withdrawals as ATMs slowly disappear and consumers rely less on cash and checks.

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Fired Morgan Stanley executive alleges reverse discrimination

American Banker

Kevin Meyersburg, who is white, says in a lawsuit that the Wall Street investment bank terminated his employment and replaced him with a Black woman who is less qualified for the position. Morgan Stanley declined to comment.

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Inside look: Nebraska Bank’s network, core conversion

BankInovation

Nebraska Bank launched a network conversion, core conversion, Office 365 conversion and a bank-wide rebrand in March 2022 as it worked to keep up with branch expansion and asset growth. The rapidly growing Dodge, Neb.

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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.

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TrueNorth, RADD LLC support regulatory compliance for FIs

The Paypers

Global fintech services company TrueNorth has announced a partnership with RADD LLC , a compliance consulting and internal audit firm.

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Fintech Funding: Spend management fintech Ramp raises $300M

BankInovation

Spend management fintech Ramp raised $300 million on Aug. 22 to fuel its product expansion aims. The series D funding round has given the New York-based company a valuation of $5.8 billion, according to a release from the company. Ramp’s valuation dropped from $8.

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Sohar International and PayMate equip businesses with B2B payments solution

The Paypers

Oman-based bank Sohar International has partnered with India-based PayMate to digitise, automate, and streamline B2B payments using bank-issued corporate corporate credit cards.

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See Around Corners: Jack Henry’s Strategic Priorities Benchmark Study Unveils Key Insights

BankInovation

As community and regional banks navigate 2023 and approach 2024, they’re setting their sights on critical priorities to chart their strategic direction – with a keen focus on: • Growing deposits • Growing loans • Retaining talent Jack Henry’s 2023 Strategic Priorities Benchmark Study found that 79% of financial institution CEOs surveyed plan to increase […]

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The Role of Automation in Commercial Lending

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.

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ZeroPay launches Alipay+ in South Korea

The Paypers

Korea Easy Payment Foundation, the operator of ZeroPay , has introduced Alipay+ global cross-border digital payments and marketing solutions for South Korean merchants.

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Bankers suffer from 'disaster myopia'; regulators shouldn't ignore it

American Banker

Banking crises always recur. But time and again, bankers have been shown to operate on the assumption that good times are permanent.

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BlinkPay to offer Open Banking services to New Zealand clients

The Paypers

BlinkPay has announced its plan to provide customers from New Zealand with Open Banking services through a partnership with local banks and FIs.

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Best Credit Unions to Work For with more than $1B of assets

American Banker

Here are some highlights about the largest credit unions that made the 2023 ranking of the Best Credit Unions to Work For.

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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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Vic.ai launches Payments

The Paypers

AI autonomous finance platform Vic.ai has launched Payments, an end-to-end finance solution for accounts payable teams.

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Splitit's CEO on why the BNPL firm wants to go private

American Banker

In a tough time for buy now/pay later lending, the fintech hopes to pivot its strategy while removing the pressures that come from public shareholders.

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Mastercard launches ALT ID for guest checkout transactions

The Paypers

Mastercard has launched the ALT ID solution in India to enhance the security of guest checkout transactions on ecommerce platforms, simplifying payments for merchants and cardholders.

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Best Credit Unions to Work For with less than $200M of assets

American Banker

Here is a look at the honorees from the smallest asset class of this year's Best Credit Unions to Work For.

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Outsource With Confidence for RDC Program Success

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.

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BingX expands copy trading to the spot market

The Paypers

BingX has announced the integration of copy trading into the spot market as part of its effort to enhance user engagement and strengthen its trading strategy ecosystem.

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Best Credit Unions to Work For with $200M to $500M of assets

American Banker

Read on for additional details on the 19 credit unions that made this year's Best Credit Unions to Work For ranking in this asset category.

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Conferma Pay partners with Inlogik

The Paypers

Virtual payments provider Conferma Pay has partnered with Inlogik to launch a new solution for business travellers using virtual card technology.

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Best Credit Unions to Work For with $500M to $1B of assets

American Banker

Here are the honorees that fall into the midsize category for this year's Best Credit Unions to Work For.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.