Tue.Aug 29, 2023

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How banks can meet small business needs

ATM Marketplace

How can banks help small businesses with lending and cash flow while also delivering individualized experiences?

Meeting 97
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AI fintech Stampli opens Austin office

Payments Dive

The California company extended its presence to a third U.S. city and aims to expand its employee headcount by 40%.

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Barclays head of markets digital strategy joins Bank Automation News webinar

BankInovation

Barclays Head of Markets Digital Strategy Jennifer Warren will join the Bank Automation News webinar Global Ideas for Better Banking AI on Thursday, Sept. 14, at 11 a.m. ET. With more than 20 years of experience in financial markets, Warren specializes in spearheading step-change business growth and innovation strategies.

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Affirm gears up for student loan restart

Payments Dive

With payments set to resume in October, the buy now, pay later provider is factoring consumers’ student loan balances into its underwriting decisions.

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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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Chicago-area bank selling itself to growing credit union

American Banker

Michigan State University Federal Credit Union, seeking to add $300 million of assets in Illinois, has agreed to purchase McHenry Savings Bank.

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More Trending

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Trustly acquires French fintech SlimPay in €70M deal

BankInovation

Swedish payments firm Trustly has acquired the French recurring payments platform SlimPay as it continues its Europe-wide expansion. The deal was worth €70 million ($75.7 million), people with knowledge of the matter said, asking not to be named as the figure isn’t public.

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BMO says Bank of the West deal could deliver more savings than expected

American Banker

The Canadian bank initially told investors the acquisition would result in more than $350 million in cost savings. But a recent analysis suggests that number could be even higher.

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Tonik supports Shop Instalment Loan growth via Home Along partnership

The Paypers

Singapore-based digital bank Tonik has partnered with retailer Home Along to support the growth of the former’s Shop Instalment Loan.

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The fight ahead over earned wage access

American Banker

Maryland is the latest state to decree that employer-sponsored EWA products aren't loans, but the battle over how they will be regulated is just beginning, experts say.

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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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Central banks will push economies into recession, says Hunt adviser

TheGuardian

Signs of weakness needed before monetary policy is eased in west, says strategist advising chancellor Central banks will push western economies into recession in order to be sure of winning the battle against inflation, one of Jeremy Hunt’s advisers has warned. Rejecting the idea of a “soft landing”, Karen Ward, a member of the chancellor’s economic advisory council, said there would need to be signs of weakness before policymakers felt able to ease their tough approach.

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Fintech rings in phone plan product to bundle with bank account

American Banker

Zolve, a fintech that serves folks moving to the U.S., partnered with Gigs, a German startup, to roll out its mobile plan product.

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Astra partners with Plaid

The Paypers

Astra has partnered with US-based data network Plaid in order to provide customers with instant authenticated payments via Plaid Identity Verification.

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Regulators may be ushering in a two-tiered banking system

American Banker

The regulatory overhaul for large and midsized banks could lead to stronger pressure for those banks to merge in the coming years while leaving smaller banks less competitive — and arguably less stable.

System 68
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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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Trustly acquires SlimPay to better recurring payments

The Paypers

Open Banking payments provider Trustly has announced the acquisition of recurring payments provider SlimPay to better payments for merchants and consumers in Europe and the UK.

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Shiny and new isn't necessarily better than tried and true

American Banker

Consistent wins aren't typically about continuously introducing novel strategies, but about better and more consistent execution with proven ones.

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Yahoo introduces new AI tools to enhance inbox experience

The Paypers

Yahoo has announced new AI tools for Yahoo Mail to expand its existing AI beta experience, including an all-new shopping feature: Shopping Saver.

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Bowman, Waller voice concerns about Fed's long-term debt proposal

American Banker

The Federal Reserve Board governors say they're worried about the added cost of the new requirement for non-systemically important banks as well as the implications for regulatory tailoring.

System 36
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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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WALBING receives payment service license from BaFin

The Paypers

Germany-based fintech specialist in trade finance WALBING has obtained a payment service license from the German Federal Financial Supervisory Authority (BaFin).

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Banks face stricter long-term debt, living-will mandates under FDIC plan

American Banker

The Federal Deposit Insurance Corp. has issued proposals that would make banks with $100 billion of assets or more hold more long-term debt as a cost buffer in the event of a collapse and meet new planning requirements in case they ever have to be resolved in an emergency.

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FOMO Pay partners with Notabene

The Paypers

FOMO Pay , a digital payment and digital banking solutions provider, has partnered with Notabene aiming to strengthen its digital asset compliance.

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Bank accused of redlining says DOJ unfairly linked it to a race atrocity

American Banker

DOJ cites American Bank of Oklahoma's lending record, as well as racially inflammatory emails it claims bank employees forwarded, in support of its redlining claims.

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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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Clear Junction receives ISO 27001 certification

The Paypers

UK-based payment solutions provider Clear Junction has been granted ISO 27001 certification, a global standard for information security.

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Credit Suisse's banker to Russian billionaires retained by UBS

American Banker

UBS is trying to retain many of Credit Suisse's most senior wealth bankers, but the decision to bring Babak Dastmaltschi on board, who catered to tycoons emerging from the collapse of the Soviet Union, may raise eyebrows.

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PandaDoc acquires Denario

The Paypers

US-based company PandaDoc has announced the acquisition of Germany-based B2B SaaS fintech startup Denario , aiming to integrate payments workflow.

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Goldman's GreenSky sale enters homestretch with PE in mix

American Banker

Apollo Global Management, Pagaya Technologies and Sixth Street are said to be working on final offers for Goldman Sachs Group's consumer-lending unit.

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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.