Thu.Jan 23, 2025

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HSBC shuts down Zing App a year after launch

The Paypers

HSBC , a personal and online banking provider, has closed Zing , its international money app focused on cross-border solutions, a year after its launch.

Online 45
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Fiserv names Bisignano’s successor

Payments Dive

The payments processor tapped Michael P. Lyons, currently president of PNC Financial Services Group, to succeed CEO Frank Bisignano.

Groups 409
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In 2025, AI dreams will collide with the reality of implementation

American Banker

The era of unchecked AI enthusiasm is giving way to a more measured and deliberate approach. Organizations are beginning to see AI not as a panacea but as a powerful, albeit complex, tool that requires thoughtful implementation.

Tools 80
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Visa supersizes Pismo expansion

Payments Dive

The Brazilian core services provider acquired last year is rounding up new clients in Europe and elsewhere as it benefits from the card network's bigger marketing and sales team.

Cards 195
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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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NYDFS penalizes PayPal $2M over 2022 data breach

American Banker

The settlement detailed the missteps PayPal took in the lead-up to the attack and highlighted common risks both on compliance and security banks face.

Data 74

More Trending

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GOP floats credit union taxes, repealing FDIC orderly liquidation authority

American Banker

A document circulated by the House Ways and Means Committee makes a number of suggestions for cutting federal spending, including revoking the federal tax exemption for credit unions and eliminating the Federal Deposit Insurance Corp.'s orderly liquidation authority.

Taxes 59
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TD Bank to sell USD 9 bln in mortgages to meet US asset cap

The Paypers

Toronto-Dominion Bank has reportedly decided to sell approximately USD 9 billion in residential mortgage loans to adjust its balance sheet in line with new restrictions.

Meeting 68
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Barclays CEO’s maximum pay could rise by 45% to more than £14m

TheGuardian

New deal being considered by board cuts fixed pay but allows for much higher bonuses The Barclays chief executive, CS Venkatakrishnan, could see his maximum pay package rise by 45% to more than 14m, as part of a new deal being considered by the banks board. The high street lender is understood to have written to the banks largest shareholders regarding potential plans to overhaul its pay structures for Venkatakrishnan and its finance chief, Anna Cross.

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Sygnum partners with Societe Generale-FORGE to expand B2B offerings

The Paypers

Sygnum , a digital asset banking group, has partnered with Societe Generale-FORGE to improve its business-to-business (B2B) platform.

Groups 53
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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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ABA backs bill to promote new bank creation

ABA Community Banking

ABA endorsed legislation to spur the creation of new banks by easing federal capital requirements during their first few years of existence. The post ABA backs bill to promote new bank creation appeared first on ABA Banking Journal.

Capital 52
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Atlantic Union says $1.6 billion deal on track to close ahead of schedule

American Banker

The Virginia-based bank said the Federal Reserve signed off on its acquisition of Sandy Spring Bancorp in Maryland. The transaction was the third-largest bank deal announced in 2024. It could be finalized as soon as April.

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The Dutch Government aims to prevent BNPL in physical stores

The Paypers

The Dutch Government has announced its decision to prevent BNPL purchases in physical retail outlets due to the multiple financial risks they pose for clients.

Retail 45
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ABA Foundation rolls out financial education campaigns amid 100th anniversary

ABA Community Banking

The ABA Foundation launched its 2025 financial education campaigns by encouraging U.S. banks and their more than two million employees to participate in these industry efforts. The post ABA Foundation rolls out financial education campaigns amid 100th anniversary appeared first on ABA Banking Journal.

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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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Bankers debate impact of AI, fintech on industry at Davos

American Banker

Executives at JPMorgan Chase, BNY Mellon, Standard Chartered and Qatar Central Bank discussed whether AI will kill jobs and how to work with fintechs at the World Economic Forum annual meeting.

Fintech 41
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FCA and PSR announce next steps for Open Banking in the UK

The Paypers

The UK’s Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have outlined their next steps to advance Open Banking in the region.

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Texas Capital sees higher fee income in 2025 after solid Q4

American Banker

The Dallas-based bank's fourth-quarter earnings beat analysts' forecasts. Texas Capital raised its estimate for 2025 adjusted fee income to $270 million.

Texas 41
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HSBC shuts down Zing App a year after launch

The Paypers

HSBC , a personal and online banking provider, has closed Zing , its international money app focused on cross-border solutions, a year after its launch.

Online 36
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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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Auto repos by third parties spiked after pandemic: CFPB

American Banker

The Consumer Financial Protection Bureau found that auto lenders' use of reposession agents spiked to nearly 70% in 2022, up from 31% in 2018, resulting in higher costs for consumers.

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Ally Financial sells credit card business to CardWorks

The Paypers

Ally Financial announces the sale of its credit card business to CardWorks, including the transfer of its wholly-owned subsidiary, Merrick Bank.

Cards 36
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Banc of California beats estimates as PacWest costs fade

American Banker

After the tumult of buying PacWest Bancorp, Banc of California is not only profitable again but surpassing Wall Street's expectations.

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Neonomics Group acquires UK-based Open Banking provider Ordo

The Paypers

Neonomics Group has finalised the acquisition of Ordo , a UK-based provider of Open Banking payment and data services.

Groups 36
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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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Eagle optimistic on strategy despite credit-quality issues

American Banker

The Bethesda, Maryland, company projects increases in loans and deposits as its C&I lending strategy gears up. Criticized and past-due loans appear to be declining even with a jump in nonperforming assets.

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audax partners with AWS in order to optimise Maybank Islamic's development

The Paypers

audax Financial Technology has announced its partnership with AWS in order to optimise and accelerate Maybank Islamic ’s digital development.

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New York AG settles for $1B with merchant cash advance firm

American Banker

The case against Yellowstone Capital, which state officials alleged deceived small-business borrowers, has brought attention to the industry.

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KakaoPay, Apple Pay fined USD 5.8 mln in South Korea

The Paypers

South Korea's Personal Information Protection Commission (PIPC) has fined KakaoPay and Apple Pay a combined USD 5.8 million for breaching the country’s Personal Information Protection Act.

Apple 36
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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.