FTC warns of cash losses to government impostors
Payments Dive
JUNE 20, 2024
The median loss paid in cash to government impersonation scammers in the first quarter was $14,740, far above the $1,000 median for all payment types.
Payments Dive
JUNE 20, 2024
The median loss paid in cash to government impersonation scammers in the first quarter was $14,740, far above the $1,000 median for all payment types.
South State Correspondent
JUNE 20, 2024
Banks don’t have enough product managers. A bank has a leader for a business line but usually only caretakers for products. A manager may oversee the operation of a product, but few banks have product managers who drive product development and performance. As a result, bank performance suffers. The magical equation is more profitable products to more profitable customers, and one way to positively influence this formula is to make more profitable products.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
JUNE 20, 2024
About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.
Gonzobanker
JUNE 20, 2024
Bankers are not meant to be renegades, but now is not the time to shy away from deploying new ideas. Right now, one of the trendiest words in banking is living up to the industry’s stereotype — “boring.” Cue the Patagonia sweater vests and soft jazz music. According to a Businessweek article , the word boring has been used by bank execs and analysts at least a dozen times on banks’ conference calls as of May this year.
Speaker: Gary Dmitriev
Automation promises increased efficiency and reduced costs, but how do you sift through the hype to find the right solution for your organization? Our upcoming webinar aims to demystify the process of selecting and implementing automation tools. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals.
BankInovation
JUNE 20, 2024
Morgan Stanley’s Jeff McMillan, head of firmwide artificial intelligence, is focused on developing and deploying AI throughout the operations of the $212 billion financial institution. The New York-based FI appointed McMillan to the newly created position March 14, he told Bank Automation News.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
JUNE 20, 2024
NatWest Group Plc has agreed to acquire J Sainsbury Plc’s banking business as the British lender looks to seize more market share in retail banking. Britain’s second-largest grocer agreed to pay NatWest £125 million ($159 million) as part of the transaction, the companies said in a statement on Thursday.
American Banker
JUNE 20, 2024
The Honolulu bank is raising $165 million through depositary shares, a move that two observers said would help boost its below-average leverage ratio.
TheGuardian
JUNE 20, 2024
Four years after the pandemic, firms say rising costs mean they need longer to pay back money from the government Jess Christman, who runs a Scottish timber business, recalls that banks were “throwing money” at him during the Covid-19 pandemic as Rishi Sunak, then the chancellor, sought to help small companies stave off collapse. Christman, who runs Black Isle Firewood, near Inverness, which produces firewood and sawn timber and huts for the tourism market, ended up taking out a government-backe
American Banker
JUNE 20, 2024
Financial services professionals should be in the business of normalizing discussions about personal finance. The result will be a more financially literate population, and that's good for everyone.
Advertisement
Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.
The Paypers
JUNE 20, 2024
Digital payments company WSPN has partnered with DigiFT , an on-chain exchange for real-world assets (RWA), to advance stablecoin adoption and Web3 solutions globally.
American Banker
JUNE 20, 2024
The Federal Housing Finance Agency wants feedback on how the Federal Home Loan banks can improve their affordable housing programs, including efficiencies in the application process.
TheGuardian
JUNE 20, 2024
Deal comes after retailer’s strategic review concluded banking operations could distract from core grocery arm Business live – latest updates NatWest has struck a deal to buy most of Sainsbury’s banking business, adding 1m customer accounts in the latest wave of consolidation in the sector. The lender is to take on the bulk of Sainsbury’s Bank assets including its outstanding credit card, unsecured personal loan and savings accounts.
American Banker
JUNE 20, 2024
Publicly traded companies are showing signs of improvement, but it may take some time until venture capital funding for fintechs recovers.
Advertisement
Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra
The Paypers
JUNE 20, 2024
Global fintech company Unlimit has announced its partnership with Convera in order to simplify tuition payments for students in multiple developing countries.
American Banker
JUNE 20, 2024
The regulator's education arm compared consumers' reactions to financial information after being told it was generated by AI versus a human.
The Paypers
JUNE 20, 2024
The EBA has published the final MiCAR standards on reporting, liquidity stress testing, and supervisory colleges, augmenting compliance and risk management in the EU.
American Banker
JUNE 20, 2024
The FDIC Board Thursday approved stricter resolution plans for larger banks and introduced a new bipartisan procedure to expedite merger application reviews.
Advertisement
Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
The Paypers
JUNE 20, 2024
US-based global payment infrastructure provider Alternative Payments has announced the launch of DPMaxBrazil, allowing US merchants to have access to PIX in Brazil.
American Banker
JUNE 20, 2024
PeoplesBank and Cornerstone Bank entered into an agreement to combine their holding companies in a deal slated to close early in 2025. The banks would continue to operate separately.
The Paypers
JUNE 20, 2024
Treasury Prime , an embedded banking software provider, has announced a strategic partnership with the regulatory advisory firm FS Vector.
American Banker
JUNE 20, 2024
A federal judge granted a preliminary injunction sought by industry groups that sued to block a Colorado law. The law, which would cap interest rates on consumer loans, targets partnerships between fintechs and out-of-state banks.
Advertisement
Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
The Paypers
JUNE 20, 2024
France-based Ramify has raised EUR 11 million in Series A funding round, to accelerate product development and offer optimised wealth management services.
American Banker
JUNE 20, 2024
In a win for credit card issuers, a lawsuit challenging the Consumer Financial Protection Bureau's $8 credit card late fee rule will remain in a Texas court and not be transferred to Washington, D.C.
The Paypers
JUNE 20, 2024
Belgium-based Discai and Harmoney have entered a collaboration to provide an integrated Anti-Money Laundering (AML) solution for financial institutions.
The Financial Brand
JUNE 20, 2024
This article How Banks Can Get Past the AI Hype and Deliver Real Results appeared first on The Financial Brand. Don't get swept along by GenAI hype. Know what your bank is doing — and why, says a Forrester expert. This article How Banks Can Get Past the AI Hype and Deliver Real Results appeared first on The Financial Brand.
Advertisement
In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Let's personalize your content