TheGuardian

AUGUST 9, 2024

Surge caused by rebound in market activity very likely to influence payouts for European outposts of banks Bonuses for Wall Street’s investment bankers are forecast to jump as much as 35% this year – although experts have warned that payouts could be knocked by stock market volatility and an economic slowdown in the US. Fresh predictions suggest that staff across a range of financial firms – including hedge funds, asset managers and investment banks – will see payouts rise for the first time in

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US Marketing Management Company 101

Payments Dive

AUGUST 9, 2024

Recent acquisitions and an expanded roster of clients that includes several sports teams are intended to help Shift4 dominate the payments space, the CEO said.

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Payments 397

BankUnderground

AUGUST 9, 2024

Michael Kumhof and Mauricio Salgado-Moreno While ‘unconventional’ balance-sheet policies like quantitative easing (QE) and quantitative tightening (QT) appear to have been successful, it is difficult to separate their macroeconomic and financial stability implications from those of other polices. Hence, in a recent paper , we develop a theoretical framework, focusing on the central bank’s liabilities, that sheds light on these implications.

Policies 115

Policies Marketing Study Lending 115

Payments Dive

AUGUST 9, 2024

Capital One’s proposed acquisition of the smaller Discover seems “too small to be a core antitrust concern,” said Barry Barnett, an antitrust lawyer.

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Capital 368

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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

ATM Marketplace

AUGUST 9, 2024

Today's episode of the Bank Customer Experience Summit podcast takes a deep dive into ITM strategy.

How To 102

How To Management Customer Experience Strategy 102

American Banker

AUGUST 9, 2024

The pace of deal activity in 2024 is ahead of a year earlier, thanks in large part to summer momentum and a spate of all-stock deals. But an early August market rout created a new hurdle for dealmaking in the second half of the year.

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Marketing Community Bank Community 92

TheGuardian

AUGUST 9, 2024

Historically, crises have often erupted in late summer, which is why this week’s mini crash set alarms ringing Fears of a recession in the US. The biggest one-day fall on the Japanese stock market since 1987. Policymakers away on their summer breaks, leaving their deputies in charge. All familiar enough territory for August – one of the most dangerous months in the economic and financial calendar.

Marketing 87

Marketing US Policies 87

American Banker

AUGUST 9, 2024

In short, if the early days of BaaS were driven by market opportunity, the coming days of BaaS will be driven by the operational apparatus and software to acquire and manage that opportunity.

Software 81

Software Operations Management Marketing 81

BankInovation

AUGUST 9, 2024

The U.S. Federal Reserve’s FedNow platform has exceeded expectations in its first year, expanding its reach to 10% of financial institutions, so far.

Payments 74

Payments Fintech Management 74

Advertiser: ZoomInfo

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American Banker

AUGUST 9, 2024

International health care is a fast-growing multi-billion dollar industry combining two of the most complex transactions to process: travel and medicine. The card network says its technology builds a foundation to tackle the problem.

Payments 81

Payments Cards Industry Technology 81

BankInovation

AUGUST 9, 2024

TD Bank largely innovates based on customer feedback and lately it has discovered an opportunity for larger companies to use its Tap to Pay for iPhone offering. “There’s so much opportunity from a tap-to-pay solution perspective,” Paul Margarites, head of commercial digital platforms at TD Bank, told Bank Automation News.

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Apple Innovation Company Payments 72

American Banker

AUGUST 9, 2024

The consumer lender has signed a non-binding letter of intent to sell its credit card portfolio, which will simplify its business to personal loans and automated savings.

Cards 78

Cards Lending Technology Fintech 78

BankInovation

AUGUST 9, 2024

ClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking the UK company’s first step toward global expansion. The European Central Bank authorized the permit, under the supervision of De Nederlandsche Bank, ClearBank said in a statement Friday.

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Fintech Retail 69

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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

American Banker

AUGUST 9, 2024

Beneficial State Bank — which was joined by various civil rights groups — said in an amicus brief that the regulatory reforms are much-needed and that banking groups' legal challenge to the Community Reinvestment Act rules should be dismissed.

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Groups Community Compliance Regulation 53

The Paypers

AUGUST 9, 2024

Switchere , a European cryptocurrency exchange service, has integrated Apple Pay and Google Pay as new payment methods.

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Google Apple cryptocurrency Payments 45

American Banker

AUGUST 9, 2024

City National Bank of Florida is starting a national capital markets division, Orrstown Financial will close branches in Pennsylvania and Maryland, JPMorgan Chase announces in-store biometric payments and more in this week's banking news roundup.

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Florida National Maryland Pennsylvania 41

The Paypers

AUGUST 9, 2024

Visa has introduced its Future of Retail Roadmap for Saudi Arabia to provide local businesses with expanded and simplified services to meet these evolving demands.

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Retail Meeting 41

Advertiser: ZoomInfo

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Capital

American Banker

AUGUST 9, 2024

Banks are testing the waters on paying depositors lower interest rates, and analysts expect they're due for a bigger breather when the Fed takes action. It's a welcome shift for banks, after competition for deposits forced them to pay up.

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The Paypers

AUGUST 9, 2024

The Bank of Italy has imposed a restriction on Lemonway , preventing the company from initiating new operations within Italy.

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Operations Company 41

American Banker

AUGUST 9, 2024

On the heels of a recent downgrade by one analyst, the Uniondale, New York-based Flushing is being challenged by veteran investor Larry Seidman to consider a sale of the company.

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New York Company 28

The Paypers

AUGUST 9, 2024

Global payroll solution provider CloudPay has closed a USD 120 million funding round led by Blue Owl Capital to expand its customer base and enable future growth.

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Security Capital 41

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Operations

Fintech Labs Insights

AUGUST 9, 2024

A major part of the conference ecosystem is events organized by financial services industry suppliers, primarily tech companies. They are typically referred to as client, user or developer events. We estimate that there are more than 100 globally each year. The curated list below includes the 3 dozen most prominent ones. Some are massive, such as Fiserv and FIS, which attract 3,000 to 4,000 attendees.

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Las Vegas Technology Industry Conference 15

The Paypers

AUGUST 9, 2024

Issuer payment processing partner, Thredd , has recently announced the successful launch of LianLian Global ’s virtual card programme in the APAC region.

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Cards Regional Payments 36

American Banker

AUGUST 9, 2024

New York Democrats Ritchie Torres and Gregory Meeks called on the New York home loan bank to follow the lead of its peers and use alternative credit scoring models for collateral to improve consumers' access to homeownership.

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New York Policies 45

The Paypers

AUGUST 9, 2024

The Federal Reserve Bank of Philadelphia has ordered Customers Bancorp to resolve critical deficiencies in its anti-money laundering (AML) practices.

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Philadelphia 36

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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.

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