Thu.Oct 10, 2024

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Integrating blockchain into the insurance industry: is it a revolution brewing?

BankUnderground

Aly Soliman The insurance industry, sometimes perceived as slow to innovate, might witness a major transformation. Blockchain technology, known for its secure and transparent digital ledger, has the potential to revolutionise traditional insurance operations. This shift could potentially streamline processes, introduce new insurance models and products, and help manage emerging risks better.

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New York Governor signs gun code law

Payments Dive

Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.

New York 448
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Jack Henry Connect Conference Day 4 Recap | Jack Henry

Jack Henry

We’ve reached the final day of Jack Henry™ Connect, and what a week it’s been! The energy throughout this conference has been nothing short of electric.

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TD pleads guilty to money laundering conspiracy, hit with asset cap

American Banker

The sweeping enforcement actions will be a watershed event for TD's U.S. subsidiary, which had previously been a promising growth engine.

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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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Stripe partners with NVIDIA to optimise its AI-powered capabilities

The Paypers

Stripe has announced its partnership with NVIDIA in order to optimise its AI-powered capabilities and expand worldwide access to the latter’s AI platform.

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Aeropay partners with Worldpay for gaming payments

The Paypers

Aeropay has announced its partnership with Worldpay in order to optimise gaming payments for operators and players in the region of the US.

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TD to exit certain U.S. businesses after being hit with asset cap

American Banker

The Canadian bank's stateside retail operations will be hamstrung by a massive anti-money-laundering settlement. But executives said the company can lean on both its Wall Street business and lines of revenue north of the border.

Retail 81
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New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’

TheGuardian

Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units The new boss of HSBC is reportedly readying to cut the jobs of some of the bank’s most expensive senior bankers in a move that could save as much as $300m (£229m) in costs. Georges Elhedery, who took over as chief executive last month, is planning to remove a layer of senior bankers as part of a restructure that would result in the bank’s global banking and commercial banking units mer

Report 71
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TD Bank settlement shows that asset caps are here to stay

American Banker

The Canadian bank is indefinitely prohibited from growing assets at its two U.S. subsidiaries as the result of a sweeping settlement over money laundering violations. While only the second imposition of such a penalty ever, experts say it will not be the last.

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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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Network International launches new payments services in Kenya

The Paypers

Digital payments provider Network International has announced the launch of a series of in-person payment services in Kenya, aiming to boost commerce in the region.

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Hackers used two Fidelity accounts to steal data from 77,000 customers

American Banker

The investing platform disclosed a data breach this week, offering few details on the impact or how customer accounts could cause such damage.

Data 74
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Ooredoo and QIB launch AutoPay payment solution

The Paypers

Telecom provider Ooredoo has entered into a strategic partnership with Qatar Islamic Bank (QIB) to introduce an AutoPay service via the QIB Mobile App.

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7 Key Benefits of SBA Loans for Commercial Property

Commercial Lending USA

Obtain an SBA loan for commercial property with experienced advice from Commercial Lending USA to build your business.

Lending 59
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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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Cogo and Tandem expand carbon tracking integration

The Paypers

Cogo , a green fintech company, has expanded its partnership with Tandem , the UK’s environmentally focused digital bank.

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A cross-generational 'virtual board' can help young businesses succeed

American Banker

The varied perspectives that people of different generations bring to the issues facing a growing business can be a deep and rich source of support for entrepreneurs.

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ABA to donate $50k to Hurricane Milton relief efforts in Florida

ABA Community Banking

ABA will donate $50,000 to help aid recovery efforts in Florida in the wake of Hurricane Milton. Announcement follows similar donations to relief efforts in North Carolina and Tennessee following Hurricane Helene. The post ABA to donate $50k to Hurricane Milton relief efforts in Florida appeared first on ABA Banking Journal.

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Biden urges SBA fund replenishment in Hurricane Milton's wake

American Banker

President Joe Biden called on Congress to return to Washington to make sure Small Business Administration loans don't run out after Hurricanes Milton and Helene devastated large swaths of the Southeast.

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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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Vodafone and Sumitomo Corporation partner with Mastercard

The Paypers

Vodafone , together with Sumitomo Corporation ’s Economy of Things business, has partnered with Mastercard to enable operators to further advance the Economy of Things (EoT).

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What Mastercard and Citigroup get from their global payments partnership

American Banker

The giant card network and the global bank are combining their scale to boost real-time cross-border transfers as fintechs target the market.

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HSBC exec warns of AI ‘success theater’ in finance | Apple pivots payment strategy for ecosystem growth | Klarna board moves to oust co-founder’s ally

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post HSBC exec warns of AI ‘success theater’ in finance | Apple pivots payment strategy for ecosystem growth | Klarna board moves to oust co-founder’s ally appeared first on Bussmann Advisory AG.

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Jim Reuter comes out of retirement to helm First Interstate in Montana

American Banker

He will succeed Kevin Riley, who previously announced plans to step down this year. Reuter retired last spring after leading FirstBank Holding in Colorado since 2017.

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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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Mastercard launches real-time card payments in South Africa

The Paypers

Mastercard has announced that South Africa will be the first market globally to benefit from immediate card payments, enabling acquiring banks to process transactions in real-time.

Cards 41
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State regulators push back on Treasury call for federal payments rules

American Banker

The Conference of State Bank Supervisors cast doubt on an initiative unveiled by Treasury Under Secretary for Domestic Finance Nellie Liang that would establish a federal regulatory framework for domestic payments, saying that state-level supervision "does not … constitute a regulatory gap.

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OnBuy partners with Google Cloud to scale its marketplace internationally

The Paypers

OnBuy has announced its partnership with Google Cloud in order to optimise the way businesses expand internationally with modern and scalable cloud infrastructure.

Google 41
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Big banks prep for billions more in bond issuance after earnings

American Banker

Wall Street banks are expected to capitalize on ultra-low credit spreads and strong demand from investors after they report quarterly results.

Capital 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.