Tue.Sep 12, 2023

article thumbnail

Come on, Barbie, Let’s Go Save The Economy!

William Mills

In the ever-evolving landscape of strategic communications, one powerful trend has emerged for businesses seeking to connect with their target audience: women-centered marketing. The interplay of targeted communications and authentic engagement has proven to be a transformative force, not only in propelling brands to the forefront but also in bolstering local economies.

article thumbnail

Stax CEO zeroes in on embedded payments

Payments Dive

Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.

Payments 243
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rationale for Federal District Court issuing an injunction in addition to vacating changes to UDAAP Exam Manual

CFPB Monitor

Yesterday, we blogged about the opinion issued on September 8 by the Federal District Court for the Eastern District of Texas in the lawsuit brought last year by several trade associations against the CFPB. In that lawsuit, the trade associations challenged changes made by the CFPB to its UDAAP Exam Manual in March, 2022 to encompass discrimination claims within the “unfairness” prong even when such claims go well beyond the scope of the Equal Credit Opportunity Act.

Texas 97
article thumbnail

AI won't replace employees, it will make CX better

ATM Marketplace

A panel at the Interactive Customer Experience Summit in Charlotte from Sept. 11 to 13 tackled AI head on and how its real benefit is to improve the customer experience, not replace humans.

Charlotte 102
article thumbnail

Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

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.

article thumbnail

Ballard Spahr to hold webinar on: How the U. S. Supreme Court’s Decision in College Admissions Could Impact Diversity, Equity & Inclusion Programs in Financial Institutions

CFPB Monitor

Tomorrow at Noon, ET, three of my colleagues at Ballard Spahr will be presenting a webinar entitled: “How the U.S. Supreme Court’s Decision in College Admissions Could Impact Diversity, Equity & Inclusion Programs in Financial Institutions.” Register here. The invite for the program, in relevant part, described the program as follows: In the weeks since the U.S.

78

More Trending

article thumbnail

4 ways tech expected to enhance cross-border payments

BankInovation

The cross-border payments industry is expected to hit $250 trillion by 2027, up from $150 trillion a decade before in 2017, as adoption grows and technology, including real-time payments, AI and new payment rails, evolves.

article thumbnail

Mastercard and Paysend enhance cross-border payments for SMEs

The Paypers

Mastercard has partnered with UK-based fintech Paysend to augment cross-border payments for SMEs looking to pay vendors across the globe quickly and securely.

article thumbnail

70% of Wells Fargo’s client interactions are digital

BankInovation

NEW YORK — Nearly 70% of Wells Fargo’s interactions with its customers are digital as it continues to invest and improve its digital banking channels, Jazz Samra, head of partnerships at the $1.9 trillion bank, said at Finovate Fall 2023.

article thumbnail

SEC's proposed conflict-of-interest rules include a massive oversight

American Banker

The proposed rule would make it virtually impossible for lenders to enter into routine hedging transactions.

article thumbnail

New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

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.

article thumbnail

‘We’ve learned lessons’: the banker clearing up the £1.1bn fallout from the UK’s Covid loan scheme

TheGuardian

British Business Bank chief Louis Taylor says he values roles that are ‘beyond the pure profit motive’ Louis Taylor is making a habit of being parachuted in at troubled state lenders. For seven years before he took over as chief executive of the British Business Bank (BBB) last year, Taylor led UK Export Finance (UKEF), the state-owned credit agency that had been dragged into the high-profile Airbus bribery scandal.

63
article thumbnail

Why U.S. Bank created its own font, and how digital design is changing

American Banker

Recent Arizent research shows that having appealing digital spaces is one of the most important factors for customer experience at banks.

article thumbnail

Sprinque expands cross-border B2B payments platform in Germany and Spain

The Paypers

Netherlands-based payment service provider Sprinque has opened new offices in Germany and Spain, further tapping into the European B2B payment market.

article thumbnail

CFPB's Chopra defends his agency's mortgage rules in high court case

American Banker

The head of the Consumer Financial Protection Bureau defended the agency and its mortgage rules in particular on the 15th anniversary of the collapse of Lehman Brothers.

article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

article thumbnail

PayPal supports Web3 payments with On and Off Ramps

The Paypers

US-based financial technology company PayPal has introduced On and Off-Ramps to support Web3 payments and improve access to digital currencies.

article thumbnail

Do gift cards need to be plastic? Hallmark, Blackhawk test paper options

American Banker

Blackhawk Network now offers Visa gift cards made of paper, while Venmo and Hallmark are putting QR codes in standard greeting cards. Both initiatives address the environmental harms of first-use plastic.

Cards 45
article thumbnail

BIAN launches Coreless Banking 3.0

The Paypers

The independent standard association BIAN has launched its Coreless Banking 3.0 initiative, in order to resolve the challenges banks face with interoperability.

45
article thumbnail

Call Sen. Hawley's bluff on credit card interest rate cap

American Banker

Republican Josh Hawley, the senior senator from Missouri, says he intends to offer legislation that would cap credit card rates at 18%. For a bill designed to go nowhere, it's a surprisingly good idea.

article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Deduce raises USD 9 million to prevent AI-generated identity fraud

The Paypers

US-based fraud prevention company Deduce has announced the raise of USD 9 million funding round in order to prevent AI-generated identity fraud.

Fraud 48
article thumbnail

SEC's Gensler warns of AI risk to financial stability

American Banker

Republicans and trade groups have criticized Securities and Exchange Commission Chairman Gary Gensler's proposal on artificial intelligence — a conflict of interest rulemaking — as being hostile toward technology.

Groups 41
article thumbnail

Visa partners with Cashflows

The Paypers

Cashflows has extended its partnership with Visa to amplify authorisation rates and provide customers with instant payouts and international payment offerings.

article thumbnail

Barclays CEO detects early signs of rebound in investment banking

American Banker

Mergers and acquisitions are rebounding and equity capital markets are thawing, says C.S. Venkatakrishnan. That's a welcome forecast after a persistent slump sapped investment banking revenue across the industry.

Capital 36
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

TikTok Shop officially launches in the US

The Paypers

Short-form video hosting service TikTok has officially launched its ecommerce product TikTok Shop in the US, aiming to provide customers with new features.

US 41
article thumbnail

Franklin Templeton joins race to offer U.S. spot bitcoin ETF

American Banker

Franklin Templeton has joined fellow asset manager powerhouses Fidelity and BlackRock in the race to win approval to offer the first U.S. exchange-traded fund that invests directly in bitcoin.

Bitcoin 36
article thumbnail

Monzo launches investment feature

The Paypers

UK-based digital bank Monzo has launched an investment feature that allows customers to invest in funds managed by BlackRock.

article thumbnail

Citi's family office clients are hunting for direct investments

American Banker

More than half of investment firms for the world's superrich seek opportunistic direct deals based on attractive valuations, Citigroup found in a survey of 268 family offices representing $565 billion in net worth.

Survey 36
article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.