Fri.May 24, 2024

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You Don’t Need Modern Fintech Products … You Need Extensible Products

Jack Henry

What’s more extensible than a product that allows you to solve a variety of use cases by combining components to suit your needs? Click to learn more.

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Walmart and Capital One break up

Payments Dive

The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.

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How to prepare for FedNow: 5 Steps for your financial institution

Abrigo

Make FedNow work for your bank or credit union. The FedNow Service enables community financial institutions to stay competitive by meeting instant payment demands. Implement it smoothly with these tips on preparing for FedNow. Would you like other articles like this in your inbox? Takeaway 1 Implementing the FedNow Service can help reduce interbank obligations, expand market reach, and enhance customer experiences.

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Cash App aims to add more features

Payments Dive

Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.

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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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Inside look: Synchrony’s AI training strategy

BankInovation

Synchrony Financial is investing in training its employees on emerging technology, with a focus on AI and automation. Training options include “technology certifications mapped to critical skills in areas like cybersecurity, software engineering and UX design,” Tim Christensen, senior vice president of product, digital, innovation and AI at Synchrony, told Bank Automation News.

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Home Loan bank dividends are not 'excessive.' They're oddly low.

American Banker

Analyzed from a property rights perspective, the dividends paid by the Federal Home Loan banks to their members are surprisingly stingy, and vary wildly between the different banks.

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Coventry Building Society finalises £780m deal for Co-operative Bank

TheGuardian

Agreement will create lender with almost 5m customers and £89bn balance sheet The Co-operative Bank is to return to its mutual roots after Coventry Building Society confirmed that it will acquire the bank from its hedge fund owners for £780m. The deal has now been finalised after Coventry said it had made a non-binding cash offer for the bank last month that will create a lender with almost 5 million customers and an £89bn balance sheet.

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FedNow, RTP interoperability is inevitable — down the line

BankInovation

The Clearing House’s Real Time Payments network and The Federal Reserve’s FedNow network are prepared to tackle interoperability eventually — but for now, its value remains minimal.

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The NYCB-Signature deal was a spectacular regulatory failure

American Banker

There were significant red flags that regulators overlooked when allowing New York Community Bank to acquire Signature Bank. Those include the fact that the company was still integrating the Flagstar Bank transaction.

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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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SEC approval of Ether ETFs acknowledges Ether is a commodity | Elon Musk’s xAI raise nearly $6 | JPMorgan to give AI training to all new hires

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post SEC approval of Ether ETFs acknowledges Ether is a commodity | Elon Musk’s xAI raise nearly $6 | JPMorgan to give AI training to all new hires appeared first on Bussmann Advisory AG.

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Nursing Home CMS Staffing Mandate: What is it and how can operators prepare?

PopularBank

By Andrew Boland – Director of National Healthcare Financing, Popular Bank A minimum staffing standard for nursing homes across the country was unveiled last month, raising concerns from operators and industry leaders over the impact the mandate will have on their ability to maintain adequate access to long-term care. Nearly all nursing homes (14,340 out of about 14,500 facilities that receive federal funding) are understaffed according to the new mandate.

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Construction Loan Calculator for Your Commercial Property Needs

Commercial Lending USA

To build your commercial property, you need a construction loan calculator.

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Inside the shady world of cyber weapons

American Banker

In "This Is How They Tell Me the World Ends," Nicole Perlroth, a former New York Times reporter, offers a detailed picture of how the zero-day exploit trade developed and affects critical infrastructure.

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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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Revolut expands business services to sole traders in Australia

The Paypers

UK-based superapp Revolut has expanded its Business product to include sole traders in Australia, enhancing financial solutions for small businesses.

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First Federal reorganizes, Regions wins presidential award

American Banker

First Federal Bank of Kansas City finalized a plan to reorganize its corporate structure; Regions Bank in Birmingham, Alabama, was one of 10 to win the "President's 'E' Award for Export Service"; Rhode Island-based Citizens Financial Group named Jim Weiss as Florida market president; and more in this week's banking news roundup.

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US House approves new regulation bill in a win for crypto

The Paypers

The United States House of Representatives has voted 279-136 to approve the Financial Innovation and Technology for the 21st Century Act (FIT21).

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Regulators thought too narrowly in OK of NYCB-Signature deal

American Banker

New York Community Bank's acquisition of the failed Signature Bank helped with its liquidity. But there were other considerations that decisionmakers overlooked in allowing the transaction to take place.

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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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Mastercard joins UNDP in the global coalition against digital scams

The Paypers

United Nations Development Programme (UNDP) and Mastercard have signed a Memorandum of Understanding to collaborate in fighting digital fraud.

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Counterpoint: Why NPS and Surveys Don’t Suck

The Financial Brand

This article Counterpoint: Why NPS and Surveys Don’t Suck appeared first on The Financial Brand. The Financial Brand recently argued that these common customer feedback tools have little value. We disagree — here's why. This article Counterpoint: Why NPS and Surveys Don’t Suck appeared first on The Financial Brand.

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Userfront secures USD 5.3 million funding

The Paypers

US-based auth and identity platform Userfront has announced that it secured USD 5.3 million in a seed investment round led by Heavybit.

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SilverRock secures banking licence

The Paypers

UK-based SilverRock Bank has announced that it secured its banking authorisation from the Prudential Regulation Authority after receiving GBP 50 million in funding.

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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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Thames Technology launches Mastercard-approved pre-paid paperboard cards

The Paypers

UK-based Thames Technology has announced that it will offer Mastercard -approved pre-paid paperboard cards for its customers and clients.

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Capchase secures EUR 105 mln credit facility led by Deutsche Bank

The Paypers

Capchase , a revenue acceleration platform catering to Software-as-a-Service (SaaS) companies, has recently secured a EUR 105 million credit facility warehouse led by Deutsche Bank.

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Apple launches Tap to Pay on iPhone in the region of Canada

The Paypers

Apple has announced the launch of its Tap to Pay on iPhone service in the region of Canada in order to optimise the payment experience for customers and clients.

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PPRO joins forces with Afterpay

The Paypers

UK-based PPRO has entered a collaboration with Afterpay to provide US, Europe, China, and Hong Kong-based ecommerce merchants and PSPs with additional capabilities.

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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.