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.

Payments 448

Payments 448

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.

Cyber Security 126

Cyber Security Security 126

Payments Dive

JULY 25, 2024

Open finance is transforming payments – here’s what financial institutions need to know.

Industry 370

Industry Payments 370

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.

Technology 121

Technology 121

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Analysis

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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259

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.

Fraud 195

Fraud Report Fintech Company 195

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.

Report 84

Report New York Community Company 84

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.

Regulation 74

Regulation Fintech Digital Banking Retail 74

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.

Leadership 68

Leadership Meeting 68

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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.

Lending

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.

Innovation 64

Innovation Industry Policies Compliance 64

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.

Payments 45

Payments 45

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.

Fintech 51

Fintech Regulation Risk Management Compliance 51

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.

Guidelines 41

Guidelines Management 41

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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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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.

Michigan 48

Michigan Community Bank Detroit Community 48

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.

Customer Experience 41

Customer Experience Payments Company 41

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.

North Carolina 45

North Carolina Raleigh Capital Lending 45

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.

Technology 41

Technology Payments 41

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American Banker

JULY 25, 2024

The big box retailer's move comes amid a broader decline for the traditional payment option.

Retail 63

Retail Payments Google Apple 63

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.

Payments 41

Payments 41

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.

Security 42

Security Cyber Security Technology 42

The Paypers

JULY 25, 2024

Paysafe has partnered with Alchemy Pay , for the latter to access Paysafe’s suite of payment products for consumers to use their fiat funds to purchase crypto across 130 markets.

Marketing 36

Marketing Payments 36

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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.

Report

American Banker

JULY 25, 2024

But following the gross domestic product and personal consumption expenditures reports, Treasury yields and mortgage rates fell.

Report 41

Report 41

The Paypers

JULY 25, 2024

U.S. Bank has introduced a comprehensive accounts receivable (AR) platform to help suppliers accelerate cash flow, cut costs through automation and deliver better payment experiences.

Payments 36

Payments 36

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.

San Antonio 36

San Antonio Houston Austin Dallas 36

The Paypers

JULY 25, 2024

Sage , an HR, payroll, accounting, and financial technology company has expanded its partnership with Stripe to improve cashflow management and payment processing for SMBs.

Payments 36

Payments Financial Technology Management Technology 36

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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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