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.
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.
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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Payments Dive
JULY 25, 2024
Open finance is transforming payments – here’s what financial institutions need to know.
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.
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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.
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.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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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
American Banker
JULY 25, 2024
The big box retailer's move comes amid a broader decline for the traditional payment option.
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.
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.
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.
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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.
American Banker
JULY 25, 2024
But following the gross domestic product and personal consumption expenditures reports, Treasury yields and mortgage rates fell.
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.
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.
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.
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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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