Tue.Oct 15, 2024

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Payments investments rise worldwide

Payments Dive

Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

Payments 243
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Data Governance in Banking and Financial Services – Importance, Tools and the Future.

Perficient

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives. It’s not exactly the most glamorous part of financial services, but without solid data governance, banks would be floating in a sea of disorganized, chaotic

Tools 221
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More authentication leads to fewer approvals

Payments Dive

Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.

Software 394
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Purchase accounting challenges with income recognition

Abrigo

Day 2 accounting and mark-to-market values How banks and credit unions involved in business combinations can overcome issues related to recognizing income in a changing-rate environment. You might also like this whitepaper, "Valuation and purchase accounting in a dynamic macroenvironment." DOWNLOAD Takeaway 1 An often-overlooked component of purchase accounting for banks and credit unions is the ongoing income recognition tied to mark-to-market values.

System 221
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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.

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Oxford Bank celebrates 140 years with tech, financial education

ATM Marketplace

Oxford Bank is celebrating its 140th anniversary by delivering stronger technology, investigating AI and promoting financial education for its customers and larger community.

Community 101

More Trending

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How to cut through the small print on easy-access savings accounts

TheGuardian

Some best-buy, high-paying accounts are not always the best for you Providers are jostling for position at the top of the best-buy tables – but the best-paying accounts often come with caveats that can catch out unwary savers. Continue reading.

How To 71
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Token.Io and Santander UK collaborate to expand Open Banking payment options

The Paypers

Token.io has partnered with Santander UK , to use Token.io’s Open Banking technology and infrastructure to enhance Santander’s customer experiences and create real-time payment solutions.

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Citigroup's earnings hit by higher cost of credit

American Banker

The bank saw larger net credit losses in cards and increased its reserve by $315 million, while net income fell 9% in the third quarter.

Cards 83
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Ripple unveils RLUSD: a USD stablecoin for global institutions

The Paypers

Ripple has announced the global rollout of its new stablecoin, RLUSD, an enterprise-grade, USD-denominated digital asset designed for institutional use.

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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

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Skills for success from The Most Powerful Women in Banking

American Banker

Honorees from this year's ranking provide insight into what tools and expertise future generations of professionals following in their footsteps need to advance.

Tools 77
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AperiData unveils an Open Banking-powered credit score

The Paypers

AperiData , an Open Banking credit bureau, has announced the launch of AperiScore which will enable lenders to optimise how they score applicants.

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Banks step up battle against payday lending

American Banker

Bank of America , Wells Fargo , U.S. Bank are among the institutions taking advantage of regulatory tailwinds to get more aggressive.

Lending 74
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ABA urges regulator to require more transparency in bank acquisitions by credit unions

ABA Community Banking

Before credit unions acquire banks, they should be required to first receive membership approval, disclose financial terms and demonstrate how bank acquisitions affect communities and taxpayers, ABA President and CEO Rob Nichols said in a letter to the NCUA. The post ABA urges regulator to require more transparency in bank acquisitions by credit unions appeared first on ABA Banking Journal.

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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.

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Liberis announces product offering expansion to enhance small business growth

The Paypers

Liberis has announced it is expanding its offerings with a multi-product platform that provides highly personalised financial solutions.

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Bank acquisitions announced in North Dakota, Georgia

ABA Community Banking

Bravera Holdings in Dickinson, North Dakota, to buy VISIONBank in Fargo. Georgia Banking in Atlanta to buy Primary Bancshares. The post Bank acquisitions announced in North Dakota, Georgia appeared first on ABA Banking Journal.

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Chancellor summons City bosses to No 11 for infrastructure taskforce relaunch

TheGuardian

Exclusive: Rachel Reeves will meet senior City figures on Friday to discuss funding of national investment projects The chancellor will summon City bosses to Downing Street on Friday for the first post-election meeting of Labour’s British infrastructure “taskforce”, as the government hopes to steer more private cash towards a string of national investment projects.

Phoenix 58
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Cambodia launches cross-border QR payments with Alipay+

The Paypers

The National Bank of Cambodia (NBC) and Ant International have officially launched cross-border QR code payments.

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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.

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CFPB's Chopra rushes to finish enforcement actions before election

American Banker

The Consumer Financial Protection Bureau's Director Rohit Chopra was stymied for months by a Supreme Court case that put many enforcement actions on hold, but the bureau is making up for lost time.

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Flutterwave and 9jahotel.com launch PoS system

The Paypers

Flutterwave , a fintech solution provider, has established a partnership with 9jahotel.com to launch a point-of-sale (PoS) system aimed at improving hotel management in Nigeria.

System 36
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Fairway agrees to pay nearly $10 million for redlining in Birmingham

American Banker

The Consumer Financial Protection Bureau and Department of Justice issued a consent order against Wisconsin-based nonbank mortgage originator Fairway Independent Mortgage over redlining allegations. Fairway is the country's fifth-largest mortgage originator by volume.

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Rabobank joins IBOS Association

The Paypers

Rabobank , based in the Netherlands, has become the latest IBOS Association (IBOS) member, scaling geographic coverage in Europe for other member banks within the organisation.

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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.

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6 tech leaders on the Most Powerful Women in Banking list

American Banker

American Banker's annual recognition of the most powerful women in banking includes two CIOs and the newly created position of chief data and analytics officer at a megabank.

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Cashfree Payments rolls out NPCI-Certified UPI Switch

The Paypers

Cashfree Payments has received certification from the National Payments Corporation of India (NPCI) for its UPI (Acquiring) Switch, which has now begun processing transactions.

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As Goldman Sachs exits GM deal, Barclays hopes to benefit

American Banker

The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.

Cards 36
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Aspire obtains in-principal approval for the MPI licence from MAS

The Paypers

Singapore-based all-in-one finance platform Aspire has announced that it secured its in-principal approval (IPA) for the Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).

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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.