Mon.Feb 10, 2025

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Will special bonuses for bank execs stir a hornet's nest?

American Banker

Since August, Truist, KeyCorp and Goldman Sachs have granted one-time stock awards to certain executives they want to keep in place. One analyst wants shareholders to reject the bonuses, while consultants say there are valid reasons for banks to make the awards.

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PayPal dinged over branded service’s slow growth

Payments Dive

Consumer uptake of the payments pioneer’s flagship payments tool was lackluster last year. The company promised skeptical analysts more growth this year.

Branding 312
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Fraud trial of Forbes ‘30 Under 30’ honoree set to lift lid on startup culture

TheGuardian

Case against Frank founder Charlie Javice for allegedly defrauding JP Morgan has been compared to that of Theranos Elizabeth Holmes Business live latest updates Charlie Javice has joined an undesirable club struck by the Forbes 30 Under 30 curse , a term for the high-flyers identified by the business title as up-and-comers who ended up in legal trouble.

Fraud 69
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CFPB’s future hangs in the balance after a wild weekend

Payments Dive

Consumer Financial Protection Bureau staff were told to work remotely this week after a new acting chief halted agency supervision and enforcement. He also told the Federal Reserve the agency wouldn't take any unappropriated funding next quarter.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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DOGE recommends terminating CDFI Fund contracts

ABA Community Banking

A team led by Elon Musk is recommending that the Treasury Department cancel hundreds of contracts funded through its Community Development Financial Institutions Fund, according to an alert by the CDFI Coalition. The post DOGE recommends terminating CDFI Fund contracts appeared first on ABA Banking Journal.

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BNY first to transfer $10 million over Clearing House RTP network

American Banker

It was the largest U.S. transaction ever to instantly settle, following The Clearing House's new transaction ceiling that went into effect Sunday.

America 74
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Klarna considers cryptocurrency integration

The Paypers

Swedish fintech firm Klarna has taken into account integrating cryptocurrency into its platform as it prepares for a potential US initial public offering (IPO).

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Flush with cash, Lumin Digital expands into loans and AI

American Banker

The digital banking software provider recently received $160 million in funding and hopes to grow its bank client list as it upgrades product offerings.

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Paysafe stock surges on reports of takeover interest

The Paypers

Paysafe stock has surged higher following a report that mentioned the way the company is exploring a potential sale after receiving takeover interest.

Report 66
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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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Bank of America to buy $9B jumbo mortgage portfolio from TD

American Banker

TD has been adjusting its balance sheet to comply with a cap on its U.S. retail banking assets, imposed last year as part of its money-laundering plea.

America 41
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AMP partners Mastercard to launch numberless debit cards

The Paypers

Australia-based AMP bank has partnered with Mastercard to introduce numberless debit cards for its small business and personal banking customers in a makeover designed to combat fraud and scams.

Cards 50
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TD Bank to sell Schwab stake as part of asset-cap strategy

American Banker

The Canadian bank plans to exit its 10.1% interest in the brokerage firm, allowing it to shore up capital and strategically shrink to adhere to penalties related to its historic compliance failures.

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Gemini reportedly in discussions for another IPO

The Paypers

Gemini, co-founded by Tyler and Cameron Winklevoss, has reportedly been in talks with advisers on an Initial Public Offering (IPO) for as early as 2025.

Report 48
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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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India launches.bank.in domain to fight fraud

American Banker

India's central bank said it would issue domains ending in.bank.in, potentially conflicting with industry-led efforts to promote.bank domains.

Fraud 28
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Corpay to acquire Brazilian mobile payments firm

The Paypers

Corpay , a global corporate payments company, has signed definitive agreements to acquire Brazil-based mobile payments firm Gringo.

Mobile 45
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'Massive visibility': Fintechs spent millions on Super Bowl

American Banker

Ramp, NerdWallet and Rocket all released commercials at this year's Super Bowl where the Eagles defeated two-time reigning champions the Chiefs.

Fintech 28
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Faysal Bank and PSO collaborate for digital payment optimisation

The Paypers

Faysal Bank Limited (FBL), a Pakistan-based Islamic bank, has signed an MoU with Pakistan State Oil (PSO) for the implementation of digital acceptance solutions at PSO fuel stations nationwide.

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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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Top 6 High-Rate Online Digital Bank Savings & Treasury Accounts for Small Businesses (SMB) Feb 2025

Fintech Labs Insights

Other than a brief spike in 2018, its been 15 years since short-term rates were high enough for most small-to-medium-size businesses (SMB) to care about chasing yield on their parked cash. But thats changed dramatically in the past year. With risk-free rates in the 4% range, even a business with $50k in reserve (throwing off $175/mo pre-tax) has an incentive to sweep that out of a non-interest checking account.

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RedotPay partners with Visa and StraitsX

The Paypers

Crypto payment solutions provider RedotPay has partnered with Visa and StraitsX to roll out a crypto-backed credit card programme in Singapore.

Cards 41
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Jonathan McKernan exits FDIC

American Banker

McKernan, a member of the Federal Deposit Insurance Corp.'s board of directors, offered measured resistance to Biden-era bank regulation and led on a number of issues including cracking down on the influence of asset managers who hold stakes in FDIC-insured banks.

FDIC 36
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Rapyd in talks to raise USD 300 million from investors

The Paypers

Digital platform for cross-border financial transactions Rapyd has planned to raise USD 300 million from investors in order to acquire a payment processing startup.

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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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Canada's VersaBank lands its first U.S. point of sale client

American Banker

The Ontario-based lender announced a partnership that represents the first dividend from its recent acquisition of a Minnesota-based community bank.

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Trust Bank partners with TerraPay to launch international payment solution

The Paypers

Private commercial bank Trust Bank has teamed up with TerraPay to provide a payment solution for students across Bangladesh.

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Senators reintroduce bill to bar CBDC

Payments Dive

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

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Vantage Bank partners with Finzly for modernised payment operations

The Paypers

Vantage Bank has announced its partnership with Finzly in order to modernise payment operations through the use of a unified payment hub.

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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.