Fri.May 17, 2024

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Top 10 Tips for Getting Approved for a Commercial Loan

Commercial Lending USA

One of the largest companies that offers business loans is Commercial Lending USA. You can get money from them to help your business grow and stay ahead of the competition.

Lending 98
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Central banks seek firms for cross-border payment project

Payments Dive

The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.

Payments 195
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What's the future of ATMs, ITMs?

ATM Marketplace

The future of ATMs lies not as machines that just dispense cash, but rather as multifunctional banking kiosks,

ATM 122
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CFPB should reconsider prepaid rule

Payments Dive

The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.

Groups 221
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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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Small business clients look to Chase for data insights

BankInovation

Small business clients looking to make data-driven business decisions within their operations don’t always know how to tap into their data, but JPMorgan Chase has created a solution to deliver these insights.

Data 120

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CFPB's Chopra says bureau will "be firing on all cylinders" after SCOTUS win

American Banker

Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions no longer stymied by a Supreme Court challenge to the agency's constitutionality.

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BVNK integrates PayPal USD stablecoin into payments platform

The Paypers

BVNK , a UK-based payments infrastructure provider, has integrated the stablecoin PayPal USD (PYUSD) into its platform.

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How Mastercard's using gen AI to combat payment disputes

American Banker

The card network is working with Salesforce to use large language models to be more proactive in how it resolves these interactions.

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TAT and Alipay+ launch digital travel innovations

The Paypers

The Tourism Authority of Thailand (TAT) has expanded the partnership with Alipay+ with new developments aimed at enhancing the travel experience in Thailand.

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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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75% of global banks unprepared for open banking

BankInovation

Most financial institutions are not ready for open banking, but the tedious task of prepping bank platforms can be streamlined with AI. Three-quarters of banks are not operationally ready for open banking, according to the 2024 Digital Banking Experience Report released May 16 by Sopra Banking’s IT services provider, Sopra Steria.

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Thanks to Clarence Thomas, the CFPB isn't going anywhere

American Banker

Even the conservative Supreme Court could see through the baseless arguments put forward by opponents of the Consumer Financial Protection Bureau, assuring that the agency will continue to fight to protect American consumers.

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DTCC completes blockchain pilot with Chainlink

The Paypers

The Depository Trust and Clearing Corporation ( DTCC ) has completed a pilot project with blockchain oracle Chainlink and US-based financial institutions.

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American Banker news quiz: May 17

American Banker

In this week's edition of the American Banker news quiz, gauge your understanding of topics like cybersecurity testing, the impact of high interest rates on community banks, FDIC Chairman Martin Gruenberg and more.

FDIC 57
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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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Dwolla and Visa augment A2A payments with Open Banking

The Paypers

US-based payments platform Dwolla has partnered with Visa to bring advanced account verification capabilities to the Dwolla’s A2A solution.

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Arizona credit union buying bank to expand in Phoenix

American Banker

Pima Federal Credit Union in Tucson plans to buy Republic Bank of Arizona in a cash transaction slated to close in the second half of this year. It's the ninth deal in 2024 in which a whole bank would sell itself to a credit union.

Arizona 45
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Payarc partners with Amazon Web Services

The Paypers

US-based Payarc has announced its partnership with Amazon Web Services in order to develop a new payment artificial intelligence platform.

US 53
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After loss at Supreme Court, payday lenders vow to keep fighting CFPB

American Banker

The payday loan industry is looking to extend its years-long legal fight with the Consumer Financial Protection Bureau. It's planning to ask a federal appeals court to revisit a ruling that upheld a proposed limit on how often payday lenders can try to pull money from their customers' accounts.

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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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Confida partners with illimity

The Paypers

Italy-based Confida has announced its partnership with illimity in order to launch Pehi, a new capillary proximity network for PA payments via vending machines.

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Another top NYCB executive hits the road as overhaul continues

American Banker

New York Community Bancorp hasn't said who will replace Chief Operating Officer Julie Signorille-Browne, who is resigning amid a management shake-up.

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Layer secures USD 2.3 million in pre-seed investment

The Paypers

Embedded Accounting for SMEs provider Layer has announced that it received USD 2.3 million in pre-seed investment from Better Tomorrow Ventures.

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Calls for Ginnie Mae modernization mount after FSOC report

American Banker

A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.

Report 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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Q2 launches Q2 Engage

The Paypers

Q2 has announced the launch of Q2 Engage, a comprehensive portfolio of digital solutions, in order to make customer banking more personal and secure.

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BNP Paribas' Barbara Nash on her very early start in finance: The Climb

American Banker

Nash, the head of tech, media and telecom coverage, has no intention of ending her four-decade career anytime soon.

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PhonePe, LankaPay to advance UPI payments in Sri Lanka

The Paypers

India-based fintech company PhonePe , in collaboration with LankaPay , has announced its plans to enable UPI transactions for its users across Sri Lanka.

Fintech 41
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Bank regulation package approved by House panel

American Banker

The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.

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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.