Fri.Feb 02, 2024

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Aldi debuts Grabango checkout tech at Chicago-area store

Payments Dive

The retailer is working with artificial intelligence startup Grabango to offer the service for the first time in the U.S. at a location in the Chicago suburb of Aurora, Illinois.

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Resolution Plan Submission Period Extended by Key Financial Agencies

Perficient

In discussions with financial services executives, Perficient consultants consistently explore the extension of the submission deadline for resolution plans among certain large financial institutions with assets exceeding $250 billion. Moving forward, these institutions will need to submit their resolution plans by March 31, 2025. Our Expertise Perficient launched its Risk and Regulatory CoE in October 2023 to proactively address compliance issues.

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Payments companies’ job cuts may not be done

Payments Dive

PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

Company 293
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6 Banking customer experience strategies for 2024

ATM Marketplace

Customer experience is a critical part of every business, as it builds customer loyalty and improves the overall brand image and equity. When looking at the retail bank customer experience, there are multiple considerations to keep in mind in 2024.

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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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Why Discover went all-in on open source

Payments Dive

The card network’s tech leadership eased the product development process, removing barriers to innovation and opening pathways for engineers to advance.

More Trending

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Emburse chases large customers

Payments Dive

The expense management company plans to pursue bigger clients that offer a better value proposition, said new CEO Marne Martin.

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Vast Bank in Oklahoma exits the crypto market

American Banker

The $1 billion-asset institution shuttered its mobile banking platform for digital asset purchases on Wednesday, following a consent order from the Office of the Comptroller of the Currency received in October of last year.

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BP adds new way to pay for fuel

Payments Dive

Customers can redeem uChoose Rewards points for up to 50 cents off at about 7,000 of the gas company’s fueling locations.

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Truist keeps downsizing with deal to sell asset-management business

American Banker

The North Carolina bank agreed to offload Sterling Capital Management to Guardian Capital Group in Toronto. It's the latest step in the effort to simplify Truist.

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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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Apple reports record revenue from payments, cloud services

BankInovation

Apple reported record payments and cloud revenue that contributed more than 19% of the tech giant’s overall revenue growth. Revenue from the services, which include iCloud and Apple Pay, was $23.1 billion in its fiscal first quarter, up 11.3% year over year, according to the company’s earnings statement released Feb. 1.

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Fingular expands in India under TrustPaisa

The Paypers

Singapore-based Fingular has announced its expansion in India under the brand name TrustPaisa , offering local customers its suite of digital financial services.

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Banks in Talks to Finance $13 Billion DocuSign Buyout Deal

BankInovation

Several Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. have held talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. that values the company at around $13 billion, according to people with knowledge of the matter. Jefferies Financial Group Inc.

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How PayPal's small investment in a fintech is a big bet on its stablecoin

American Banker

PayPal hopes to demonstrate its coin's utility by using it to take a stake in a company called Mesh.

Fintech 69
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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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AWS clients double down on cloud

BankInovation

Amazon Web Services’ clients are leaning into the cloud for innovation and adding more workload tasks to the cloud. Since the third quarter of 2023, AWS has added “more than $1.1 billion of revenue,” Amazon Chief Financial Officer Brian Olsavsky said during AWS’ fourth-quarter earnings call on Feb.

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Fincen issues guidance on avoiding banking sanctioned Israeli extremists

American Banker

The Financial Crimes Enforcement Network issued an alert Thursday on avoiding business relationships with sanctioned Israeli settler groups in the West Bank, an effort that comes as the White House is pushing sanctions on foreign actors involved in destabilizing the region.

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Deutsche Bank to cut 3,500 jobs

The Paypers

Germany-based financial institution Deutsche Bank has announced its decision to cut 3,500 jobs as part of its overall strategy to optimise efficiency and save costs.

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LendingClub exits OCC agreement, sees path for faster growth

American Banker

The San Francisco company entered into a pact with its regulator when it acquired Radius Bank three years ago. "The operating agreement, by design, in some ways slows you down," said CEO Scott Sanborn.

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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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Faysal Bank, Total Parco sign agreement for digital payments

The Paypers

Pakistan-based Faysal Bank , a subsidiary of KSA Holdings , has signed an agreement with oil marketing company Total Parco to provide digital payments to the latter’s retail network.

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FHFA's Home Loan bank report is a policy unicorn. Don't let it escape.

American Banker

The FHFA's Home Loan bank report is that rare thing you never see in the nation's capital anymore — a balanced plan on a complex issue that could have lasting impact on a difficult problem.

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Canada TD Bank to receive USD 7.4 million penalty for faulty policies

The Paypers

Canada-based TD Bank has received a significant monetary penalty for faulty anti-money laundering controls after an examination by the financial crime institutions.

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New CSBS chief warns Washington against sidelining state agencies

American Banker

Brandon Milhorn, the new CEO of the Conference of State Banking Supervisors, used the platform offered by his first major speech to sound an alarm against one-size-fits-all solutions emanating from Washington. "The pendulum has swung too far in the direction of federal regulatory uniformity," Milhorn argued.

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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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Wealth Dynamix Now Available on Temenos Exchange

The Paypers

UK-based customer lifecycle management company Wealth Dynamix has partnered with Temenos Exchange to become available on the latter’s platform.

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8 Themes That Will Power a Fintech Comeback in 2024

The Financial Brand

This article 8 Themes That Will Power a Fintech Comeback in 2024 appeared first on The Financial Brand. Fintech suffered a near-death experience in the last two years. But the forces that drove its creation remain, and the survivors are stronger than ever. This article 8 Themes That Will Power a Fintech Comeback in 2024 appeared first on The Financial Brand.

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Ecospend launches Pay-by-Bank on mobile with Hargreaves Lansdown

The Paypers

Ecospend , a Trustly company, has announced its partnership with UK-based Hargreaves Lansdown in order to launch its Pay-by-Bank solution on mobile.

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How to apply for the Best Credit Unions to Work For 2024

American Banker

The registration deadline for this year's annual ranking is April 19.

How To 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.