Thu.Oct 10, 2024

article thumbnail

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.

article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Five areas to watch as banks report their Q3 earnings

American Banker

With earnings season set to kick off on Friday, investors will be paying close attention for any signs of loan growth and deposit pricing relief, though analysts don't expect improvements to materialize right away.

Report 81
article thumbnail

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.

article thumbnail

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.

78

More Trending

article thumbnail

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 67
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

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.

article thumbnail

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
article thumbnail

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.

article thumbnail

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.

Apple 52
article thumbnail

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.

article thumbnail

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.

Florida 52
article thumbnail

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.

article thumbnail

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
article thumbnail

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).

article thumbnail

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.

article thumbnail

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.

57
article thumbnail

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
article thumbnail

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.

article thumbnail

Square introduces Orders platform

The Paypers

US-based payments platform Square has announced the launch of its Orders platform, a service that offers expanded commerce features to sellers across verticals in the region.

article thumbnail

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.

article thumbnail

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.

Montana 41
article thumbnail

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
article thumbnail

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.

article thumbnail

Banca Sella adopts TQ Braille for accessible banking services

The Paypers

Banca Sella has become the first bank in Italy and Europe to adopt TQ Braille, an innovative tactile identification tool developed by the Italy-based company Arti Grafiche Parini.

Tools 36
article thumbnail

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.