Payments Dive

JANUARY 31, 2024

The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely.

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Payments Regulation Fintech Industry 221

BankBazaar

JANUARY 31, 2024

While navigating a loan default can be challenging, understanding your rights and available options empowers you to make informed decisions. Here’s everything you need to know if you find yourself in this predicament. Repaying a loan and managing EMIs can sometimes become a challenging endeavour, potentially leading to concerns about defaulting. While defaulting is not an ideal situation, it’s important to recognise that it doesn’t mark the end of the road, nor does it brand you as a

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Guidelines Security Management Payments 147

Payments Dive

JANUARY 31, 2024

“If a bank cannot secure its customers’ accounts, they are failing in their most basic duty,” New York Attorney General Letitia James said in a statement Tuesday.

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New York Fraud Security 221

TheGuardian

JANUARY 31, 2024

Shadow chancellor says party aims to be champion of a thriving financial sector if it wins election Business live – latest updates Labour will not reinstate a cap on bankers’ bonuses if it wins the next election, the shadow chancellor has said. Rachel Reeves said she had “no intention” of bringing back the cap, saying she wanted to be the “champion of a thriving financial services industry”.

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Regulation Industry 111

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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.

Groups

Payments Dive

JANUARY 31, 2024

The expansion of the enforcement team is meant “to send a clear deterrent message to entities that are within our authority,” CFPB enforcement attorney Molly McOwen said.

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CFPB Monitor

JANUARY 31, 2024

New FCC rules under the Telephone Consumer Protection Act will mean big changes for businesses, particularly comparison shopping websites, lead generators, and other companies that regularly contact consumers via phone or text message. On February 20, 2024, from 1:00 p.m. to 2:00 p.m. ET, Ballard Spahr will hold a webinar in which members of the firm’s Telephone Consumer Protection Act Industry Group will discuss: The so-called “lead generator loophole” and the FCC’s efforts to close it.

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Comparison Groups Industry Company 88

American Banker

JANUARY 31, 2024

U.S. consumers remain healthy despite several factors that weigh on their spending, said CEO Michael Miebach.

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Payments 87

TheGuardian

JANUARY 31, 2024

Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’ The US Federal Reserve held interest rates steady for another month as the US inflation rate continues to fade from its highest level in a generation. Policymakers at the central bank, who have signaled they expect to cut rates three times this year, opted to keep rates steady at a 23-year high after their first two-day meeting of 2024.

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US Meeting 83

American Banker

JANUARY 31, 2024

In this month's roundup of top banking news: Truist Financial announces plans to shutter 4% of branch network, Fiserv pursues a special-purpose bank charter, Wells Fargo distributes a $1,000 bonus to lower-paid employees and more.

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America Payments 85

Advertiser: ZoomInfo

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.

Analysis

CFPB Monitor

JANUARY 31, 2024

In a blog post published earlier this week titled “The CFPB’s enforcement work in 2023 and what lies ahead,” the CFPB discussed its 2023 enforcement activity and highlighted its plans to expand its enforcement capacity in 2024. The CFPB indicated that in 2023, it filed 29 enforcement actions and resolved through final orders 6 previously-filed lawsuits. .

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American Banker

JANUARY 31, 2024

The risk of harm to users' financial health is much greater with direct-to-consumer advances than it is from earned wage access programs.

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Policies Compliance Regulation Fintech 83

CFPB Monitor

JANUARY 31, 2024

The scope of national bank preemption is currently before the U.S. Supreme Court in Cantero v. Bank of America, N.A. A New York statute requires the payment of interest on mortgage escrow accounts and the question before the Supreme Court is whether the National Bank Act (NBA) preempts application of the New York statute to national banks. .

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National New York America Payments 78

American Banker

JANUARY 31, 2024

Large and regional banks are taking different approaches to buybacks in light of the proposed new capital rules. Some plan to buy back stock at moderate levels this year, while others say they will to remain on the sidelines until there is more clarity about the reforms.

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Regional Capital Compliance Regulation 83

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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.

Lending

BankInovation

JANUARY 31, 2024

Buy now, pay later provider Sunbit has raised $310 million from Citi and Ares Management credit funds for a debt warehouse facility. The company aims to use the money to deepen its penetration in automotive, dental and health care industries, co-founder and Chief Executive Arad Levertov told Bank Automation News.

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Industry Management Company Payments 74

ATM Marketplace

JANUARY 31, 2024

Learn how to define your self-service objectives, understand key strategic steps in the ITM implementation process, explore functional considerations like staffing and core integration, dig into customer adoption and employee advocacy, and get actionable advice from financial industry leaders overseeing successful ITM deployments.

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Strategy Industry How To 64

BankInovation

JANUARY 31, 2024

Google and Microsoft continued to roll out AI and generative AI-driven products as cloud revenue increased at both companies to close out 2023. Cloud revenue at Google reached $9 billion in Q4, up 26% year over year, according to its earnings release.

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Google Leadership Company 74

American Banker

JANUARY 31, 2024

In this month's roundup of popular tech news: SEC responds to successful hack on its X account, community banks get closer to fintech hubs, the Office of the Comptroller of the Currency weighs in on Blue Ridge Bancshares and more.

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Fintech Community Bank Community Industry 60

Advertiser: ZoomInfo

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.

Capital

BankInovation

JANUARY 31, 2024

Luther Liang, director of product at Grasshopper Bank, will speak at Bank Automation Summit U.S. 2024 about new approaches to robotic process automation. Bank Automation Summit U.S. 2024 takes place March 18-19 at the Omni Nashville in Nashville, Tenn., and brings together industry experts to discuss innovation in AI, RPA, automation, machine learning and more.

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Nashville Innovation Industry Digital Banking 72

American Banker

JANUARY 31, 2024

The parent company of Flagstar Bank surprised investors by slashing its dividend, charging off two large real-estate loans and preparing for more trouble in the office and multifamily sectors.

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New York Community Company Lending 60

Realwired Appraisal Management Blog

JANUARY 31, 2024

Platforms like YouConnect will play a pivotal role in successful remote work strategy for Chief Appraisers. As a Chief Appraisers or appraisal firm owner working remotely, how would you score your team’s effectiveness, productivity and happiness?

Strategy 59

Strategy 59

Qudos Bank

JANUARY 31, 2024

Whether you’re looking to save on interest fees or seeking more flexible terms, refinancing your home loan could be the right move to optimise your financial standing. In fact, refinancing has led to an upwards trend among Australians in the past three years and hitting a soaring rate of 13.8% in the 2023 financial year [1]. If you’re looking to refinance for 2024, we’ve broken down your top five questions to consider, helping you make the best choice for your homeowner needs.

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Meeting Marketing Video Online 52

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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.

Operations

The Paypers

JANUARY 31, 2024

Fintech Galaxy has announced the launch of FINX Comply, a set of Open Banking compliance services for customers and clients in the region of the UAE.

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Fintech Regional Compliance 48

American Banker

JANUARY 31, 2024

The Seattle-based buyer now expects to finalize the deal in February, gaining entrance to California and eclipsing $30 billion of assets. The acquisition had initially been slated to close in mid-2023.

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Seattle California Security Community Bank 45

The Paypers

JANUARY 31, 2024

US-based spend management company Ramp has bought AI-powered startup Venue to expand its procurement offering.

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Fintech US Management Company 45

American Banker

JANUARY 31, 2024

Challenger banks, like traditional banks, are under pressure to operate with fewer expenses. Artificial intelligence is part of the answer, and the impact on the workforce may be profound.

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Operations Digital Banking Technology Fintech 41

Advertiser: ZoomInfo

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.

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