Thu.Mar 07, 2024

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Apple blocks Epic’s rival app store

Payments Dive

“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.

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CoPilot for Banks – 7 Steps Before Integrating Generative AI

South State Correspondent

By now your bank is likely convinced on the merits of generative AI. Microsoft’s Office 365 CoPilot, the integration of the Microsoft version of OpenAI’s Chat GPT into the Office suite, represents the fastest, and likely safest way, to integrate the latest technology within your bank. Earlier this year, Microsoft dropped the 300 licenses minimum (and other requirements) and now every bank should consider the technology.

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Capital One angles to push Discover upmarket

Payments Dive

With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.

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36 Hours at Fintech Meetup: Three Themes from the Las Vegas Event

Gonzobanker

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. The striking thing about the conference was not the magician hired to walk around the booths during Monday’s reception or the illustrator seated right next to a sign created by artificial intelligence on Sunday’s welcome gathering, it was the event’s meeting pit: a section in the exhibit hall that was dedicated to taking short meetings that the mobile app as

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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PayPal CEO prioritizes bettering branded services

Payments Dive

Alex Chriss aims to use the company’s faster-growing unbranded Braintree business to give a boost to the legacy PayPal brand.

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More Trending

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TD rolls out Tap to Pay for iPhone

BankInovation

TD Bank is targeting microbusiness payments with the launch of its Tap-to-Pay solution that helps turn iPhones into point-of-sale machines. The solution will be rolled out across the U.S.

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Plaintiffs and intervenors file summary judgment motion in Texas lawsuit challenging CFPB small business data collection rule

CFPB Monitor

The plaintiffs and intervenors in the lawsuit filed in a Texas federal district court challenging the CFPB’s final small business lending rule implementing Section 1071 of Dodd-Frank (Rule) have filed a consolidated motion for summary judgment. The plaintiffs in the lawsuit are the Texas Bankers Association, Rio Bank, McAllen, Texas, and the American Bankers Association. .

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Academy Bank’s AI playbook

BankInovation

Academy Bank is investing in AI this year to ensure that its operations are more efficient and more useful for the end user. “Our top goal for the year is to innovate for success, and AI is really at the center of that,” Chief Executive Paul Holewinski told Bank Automation News.

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How payments tech is helping farmers' markets go digital

American Banker

To serve an increasingly online audience, POS Nation has acquired agriculture e-commerce platform GrazeCart, an example of vendors joining forces to adapt to shifts in the agriculture industry.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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Quarterly Banking Profile: Banking net income nearly $257B in 2023

ABA Community Banking

The banking industry reported full-year 2023 net income of $256.9 billion, down $6 billion, or 2.3%, from the prior year, but still well above the pre-pandemic average, according to the FDIC’s most recent Quarterly Banking Profile. The post Quarterly Banking Profile: Banking net income nearly $257B in 2023 appeared first on ABA Banking Journal.

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FDIC reports bumpy 4Q for banks, warns of credit risks ahead

American Banker

Net income at the nation's more than 4,000 banks dipped markedly in the final quarter of 2023, though for the full year it exceeded pre-pandemic averages. Deterioration in commercial real estate and credit card lending is a concern, FDIC Chairman Martin Gruenberg says.

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Stress tested

ABA Community Banking

Bankers look back on the bank failures of spring 2023 and share some lessons learned and strategies for success. The post Stress tested appeared first on ABA Banking Journal.

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Grasshopper Bank finds compliance time saver: Generative AI

American Banker

The New York bank has deployed generative artificial intelligence from Greenlite to help analysts do enhanced due diligence on clients with higher risk ratings.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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Payplug, CB launch service for e-merchants

The Paypers

France-based omnichannel payment solution Payplug and Cartes Bancaires (CB) have announced the launch of a service that intends to improve payments for e-merchants.

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Chamber, bank trade groups sue the CFPB over credit card late fee rule

American Banker

The lawsuit against the Consumer Financial Protection Bureau was filed just two days after the bureau finalized a rule to cut credit card late fees to $8 from $32.

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Ecommpay to present full-stack ecommerce offering at MPE 2024

The Paypers

UK-based international payments service provider Ecommpay has announced its plans to present its full-stack payment solution at the Merchant Payments Ecosystem (MPE) event.

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Biden nods to 'junk fee' rule, housing in State of the Union

American Banker

In his State of the Union address, President Joe Biden touted the Consumer Financial Protection Bureau's credit card late fee rule, which has sparked litigation from banking groups, and a raft of housing policy initiatives.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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PayTabs augments KSA public sector payment solutions

The Paypers

Payment orchestration platform PayTabs has integrated key national payment methods in The Kingdom of Saudi Arabia (KSA) to complete its payment platform.

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Powell: Basel III is not the Fed's answer to Silicon Valley Bank

American Banker

During a contentious exchange on his second day of congressional testimony this week, the Federal Reserve chair drew a line between the central bank's response to last year's bank failures and its current capital proposal.

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Allianz Trade introduces Allianz Trade pay

The Paypers

Insurance company Allianz Trade has announced the launch of a new range of services, Allianz Trade pay, customised for Business-to-Business (B2B) ecommerce activities.

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How to Avoid the “Middle Management Meltdown” [VIDEO]

The Emmerich Group

I believe that when middle managers master management, the resulting breakthroughs are profound and sustainable. In this episode, I’m going to share with you how to overcome what I call “the middle management breakdown”—the block that keeps executives’ dreams from being the reality executed by the front-line team members. If you’re the kind of leader who worries that perhaps your managers act more like “individual contributors” and don’t do nearly enough to maximize the results of their team m

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Mastercard and First Abu Dhabi Bank announce long-term global partnership

The Paypers

Mastercard and First Abu Dhabi Bank have announced an exclusive long-term global partnership, building on their collaboration in the EEMEA region.

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MoneyLion roars ahead with positive earnings

American Banker

MoneyLion saw continued financial growth in 2023, achieving four straight quarters of positive earnings. In 2024, it plans to develop a partnership with EY to bolster its enterprise services.

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Mox partners with Wise

The Paypers

Hong Kong-based Mox has announced its partnership with Wise to launch low-cost, secure, and transparent international payments directly from the Mox application.

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Huntington unveils new expansion push into Texas

American Banker

The Columbus, Ohio, regional bank will focus first on Dallas before venturing statewide. Its move into the Lone Star State comes three months after announcing a similar initiative in the Carolinas.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.