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.
ATM Marketplace
JULY 19, 2024
ATM fraud continues to be a global problem, with criminals choosing to strike wherever the money is and wherever they find vulnerabilities to exploit. Here are a few ways to prevent it.
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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.
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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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.
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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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.
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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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
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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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
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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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
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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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
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