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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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.
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.
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.
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.
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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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.
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.
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
The financial institution has focused on boosting revenue from a segment that has struggled due to the impacts of the pandemic and high inflation.
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.
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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.
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.
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.
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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.
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.
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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.
American Banker
JULY 19, 2024
The Federal Reserve says the prepaid debit card issuer failed to make key disclosures to customers and had lackluster money laundering controls. The regulator also censured Jiko Group, a fintech and brokerage, in an unrelated enforcement action.
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
Customer reports of technical issues with many U.S. banks have spiked as a buggy software update from CrowdStrike disrupts multiple sectors.
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.
Advertiser: ZoomInfo
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.
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