Payments Dive
JULY 19, 2024
“We are looking a lot at the convergence of payments and commerce and the extent to which a very big player could use that to shatter that wall between banking and commerce,” the agency’s director, Rohit Chopra, said earlier this month.
BankInovation
JULY 19, 2024
Banks, airlines and other organizations using Microsoft have reported down systems across the globe as cybersecurity firm CrowdStrike is suffering from the biggest IT outage in history.
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Payments Dive
JULY 19, 2024
The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.
Cisco
JULY 19, 2024
Cisco Webex in collaboration with a partner provides a compliance and security solution tailored for digital communications within the Webex Suite, serving major organizations like top North American banks.
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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.
Payments Dive
JULY 19, 2024
The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jeff For Banks
JULY 19, 2024
So many financial institutions list "financial literacy" or customer "financial wellness" as one of their higher purposes. Which makes immeasurable sense given how defined benefit pension plans are now the exception and households are left to fend for themselves when it comes to their own financial wellness. And by objective measures they are not doing too well.
TheGuardian
JULY 19, 2024
Transport, hospitals, television stations, sports clubs and financial systems among the sectors hit Business live – latest updates The CrowdStrike outage caused havoc across a swathe of industries spanning the global economy. Airlines, railways, hospitals, television stations, sports clubs and financial systems were among the sectors hit by the technology glitches, prompting national governments to convene emergency meetings and stock markets to fall.
BankInovation
JULY 19, 2024
Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer Financial Protection Bureau alleged that the Cincinnati-based bank opened fake accounts in its customers’ names and used a cross-selling strategy to boost its product and services sales, according to a CFPB July 9 release.
The Paypers
JULY 19, 2024
Crowdstrike , a cyber security solutions provider, has been facing an outage, with users in several countries around the world being affected by the issue.
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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
TheGuardian
JULY 19, 2024
CMA finds deal will not lead to lessening of competition in mortgage and credit card market Nationwide’s takeover of Virgin Money will not reduce competition for mortgages and credit cards, the competition watchdog has ruled, as it gave the £2.9bn deal the green light. The Competition and Markets Authority (CMA) said on Friday that the merger, which will be the biggest banking deal since the financial crisis, would not lead to a substantial lessening of competition in the home loans market.
American Banker
JULY 19, 2024
Lenders and financial institutions should allow consumers to report nontraditional financial activities in an effort to adopt and validate newer, more inclusive credit scoring models.
ABA Community Banking
JULY 19, 2024
A recent Office of Financial Research brief perpetuates a false—and dangerous—narrative about community bank CRE exposures. The post Factchecking a U.S. Treasury Department assessment of bank health appeared first on ABA Banking Journal.
American Banker
JULY 19, 2024
The financial institution has focused on boosting revenue from a segment that has struggled due to the impacts of the pandemic and high inflation.
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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.
The Paypers
JULY 19, 2024
The Bankers Association for Finance and Trade (BAFT) has recently released a new whitepaper, ‘ Digital Currencies and Financial Crimes Concerns ’, focusing on the challenges posed by financial crimes.
American Banker
JULY 19, 2024
Shares in the Dallas bank fell sharply after it disclosed that it expects to lose its contract for the Direct Express program, which would wipe out more than $3 billion in non-interest bearing deposits. Comerica's involvement with the Treasury Department's prepaid card program has been marred by controversy.
The Paypers
JULY 19, 2024
Jifiti has announced the release of its Tap Now, Pay Later technology, which enables consumers and business customers to add their approved loan or credit funds into any digital wallet.
American Banker
JULY 19, 2024
Community and advocacy groups opposed Capital One's proposed acquisition of Discover in a hearing held by federal regulators on Friday.
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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.
The Paypers
JULY 19, 2024
The Financial Conduct Authority (FCA) has directed financial firms, including banks, payment firms, and lenders, to optimise treatment of politically exposed persons (PEPs).
American Banker
JULY 19, 2024
The Alabama-based bank also said that its outlook for net interest income is brightening. Several other regional banks have offered similarly upbeat guidance in recent days.
The Paypers
JULY 19, 2024
The US Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) have announced a suite of resources for secure cloud adoption.
American Banker
JULY 19, 2024
Customer reports of technical issues with many U.S. banks have spiked as a buggy software update from CrowdStrike disrupts multiple sectors.
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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.
The Paypers
JULY 19, 2024
Qatar Islamic Bank (QIB) has augmented its onboarding process by allowing Qataris and residents to open accounts instantly and securely via its mobile app.
American Banker
JULY 19, 2024
The agencies are considering a rule change that would impact their policies on money laundering and terrorism finance. The proposal comes as the Financial Crimes Enforcement Network considers a similar update.
The Paypers
JULY 19, 2024
Australia-founded financial platform for modern businesses Airwallex has obtained an AFSL licence for expansion into retail investment products by ASIC.
American Banker
JULY 19, 2024
Net interest income at the Columbus, Ohio-based bank rose by 2% from the first-quarter result, and CEO Steve Steinour said he expects growth to continue throughout the second half of the year.
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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.
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