Zelle, big banks challenge senators on scam reimbursements
Payments Dive
JULY 25, 2024
Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.
Thu.Jul 25, 2024
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BNP has identified 780 AI use cases
BankInovation
JULY 25, 2024
BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24.
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How open finance powers a more inclusive and collaborative payments industry
Payments Dive
JULY 25, 2024
Open finance is transforming payments – here’s what financial institutions need to know.
Lloyds expects to save $901M through tech in 2024
BankInovation
JULY 25, 2024
Lloyds Bank is looking to modernize its platform through AI and beefing up its tech team. “By digitizing end to end and modernizing our technology estate, we’re increasing efficiency benefits as we scale,” Chief Executive Charlie Nunn said during the bank’s second-quarter earnings call today.
Fall In Love With the Month-End Close
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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.
Clair CEO backs CFPB rule proposal on EWA
Payments Dive
JULY 25, 2024
Nico Simko supports the Consumer Financial Protection Bureau’s recent rule proposal, and it may be a competitive advantage for him.
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Revolut faces more fraud claims than other UK banks: report
Payments Dive
JULY 25, 2024
The fintech investigates each fraud claim independently of other cases, and takes such claims “incredibly seriously,” a spokesperson for the company said.
NYCB reports quarterly loss, plans to sell mortgage servicing unit
American Banker
JULY 25, 2024
New York Community Bancorp reported a net loss of $323 million for the second quarter as it further boosted its provision for credit losses and recorded a steep increase in net charge-offs. The parent company of Flagstar Bank also plans to sell its residential mortgage servicing business to Mr. Cooper.
Revolut wins long-awaited UK banking license from watchdog
BankInovation
JULY 25, 2024
Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc and HSBC Holdings Plc.
China lowers key interest rates to spur economic growth
The Paypers
JULY 25, 2024
China has reduced its short and long-term interest rates to stimulate economic growth just days after a major Communist Party leadership meeting.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
Don't fall for the false promises of federal preemption
American Banker
JULY 25, 2024
The siren song of greater regulatory uniformity will lead the industry to disaster, as the kind of innovation that benefits consumers is stifled.
Nuggets joins forces with Carahsoft
The Paypers
JULY 25, 2024
UK-based self-sovereign digital identity and payment platform Nuggets has teamed up with Carahsoft , with the latter becoming its Master Government Aggregator.
Is Target's ban the beginning of the end for checks?
American Banker
JULY 25, 2024
The big box retailer's move comes amid a broader decline for the traditional payment option.
Archie adds wamo and ekko to its portfolio
The Paypers
JULY 25, 2024
Fintech acceleration firm archie has added SME banking and payments specialist wamo and climate solutions provider ekko to its portfolio.
The Role of Automation in Commercial Lending
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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.
Regulators issue joint warning on bank-fintech risks
American Banker
JULY 25, 2024
While the federal banking agencies are not changing any current rules, they issued a joint statement Thursday cautioning banks about risks in third-party deposit partnerships. They are also seeking public input on bank-fintech partnerships more generally.
Bankzy Open Banking launches new feature in the UK
The Paypers
JULY 25, 2024
Bankzy Open Banking , together with Payment Pros , has announced the launch of a new Payment Links solution in the UK, optimising its technology offering.
Michigan community banks strike deal to merge
American Banker
JULY 25, 2024
ChoiceOne Financial Services would pay about $180 million to acquire Fentura Financial in a bid to expand in Detroit's suburbs. The deal would create a bank with more than $4 billion of assets.
foodpanda joins forces with Cybersource
The Paypers
JULY 25, 2024
Delivery company foodpanda , a subsidiary of Delivery Hero, has entered a collaboration with Cybersource , a Visa solution, to optimise the customer experience via improved payments.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
First Citizens gets earnings lift from SVB clients returning to the fold
American Banker
JULY 25, 2024
The Raleigh, North Carolina-based bank grew loans and deposits in the second quarter as it won back business from former customers of the failed Silicon Valley Bank. First Citizens bought the remains of SVB last spring.
Kenya's Diamond Trust Bank partners with Network International
The Paypers
JULY 25, 2024
Kenya’s Diamond Trust Bank has announced its partnership with Network International in order to provide its clients with digital payment solutions.
Treasury's big push to protect banks from cyber threats
American Banker
JULY 25, 2024
Project Fortress encompasses four initiatives Deputy Secretary Wally Adeyemo hopes will "improve the security and resilience of the financial services sector.
TotallyMoney launches tool for real-time affordability insights
The Paypers
JULY 25, 2024
UK-based fintech TotallyMoney has launched a new Open Banking tool that offers live, actionable affordability insights for customers.
Outsource With Confidence for RDC Program Success
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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.
Mortgage rates rise on anticipation of economic news
American Banker
JULY 25, 2024
But following the gross domestic product and personal consumption expenditures reports, Treasury yields and mortgage rates fell.
EBA publishes new JC Guidelines to credit servicers
The Paypers
JULY 25, 2024
The European Banking Authority (EBA) has issued the final Guidelines that focus on furthering the existing Joint Committee Guidelines on complaints management to credit servicers.
Cullen/Frost goes big in Texas, gets boost from energy lending
American Banker
JULY 25, 2024
The San Antonio-based bank is in the midst of a yearslong expansion effort spanning Houston, Dallas and Austin — all of which are fueling loan growth.
eBay to stop accepting American Express
The Paypers
JULY 25, 2024
Online marketplace eBay has announced it will stop accepting American Express cards from 17 August 2024.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
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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