What you need to know about TR-31
ATM Marketplace
DECEMBER 3, 2024
As we move into 2025, understanding the nuances of TR-31 is essential for financial institutions and ATM operators to ensure compliance and maintain robust security
Tue.Dec 03, 2024
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CFPB proposes rule to rein in data brokers’ sale of consumer information
Payments Dive
DECEMBER 3, 2024
With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.
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Vietnamese tycoon faces scramble to raise billions to avoid death sentence
TheGuardian
DECEMBER 3, 2024
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country The Vietnamese property tycoon Truong My Lan has lost her appeal against the death penalty for masterminding a multibillion-dollar fraud scandal – though she could still save her life if she can repay most of the funds she embezzled. Lan, who founded the real-estate developer Van Thinh Phat, was sentenced to death in April for embezzling $12bn (£9.95bn) from Saigon Commercial Bank (SCB), i
Worldpay exec talks digital wallet security
Payments Dive
DECEMBER 3, 2024
The head of fraud prevention for the processor said the company leverages data to block hackers and fraudsters seeking digital wallet information.
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.
20 US banks that closed the most branches in Q3
American Banker
DECEMBER 3, 2024
The top five banks in this list closed a net total of 175 branches in the third quarter.
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Japan’s Nomura bank boss takes 30% voluntary pay cut after worker tries to kill customer
TheGuardian
DECEMBER 3, 2024
Wealth management employee charged with robbery, attempted murder and arson after home visit to elderly clients The boss of Japanese bank Nomura has apologised and taken a voluntary pay cut after a former employee was charged with robbery and attempted murder of a customer. Kentaro Okuda, who has led Nomura since 2020, will take a 30% pay cut over the next three months, with several other senior managers at the bank taking similar reductions, the bank said.
Banks need to reclaim their position at the center of the BaaS model
American Banker
DECEMBER 3, 2024
The demand for embedded finance is not going away, but the initial rollout of banking as a service relied far too much on middleware providers without expertise in compliance and oversight. BaaS 2.0 must feature a more bank-centric approach.
Revolut faces fraud lawsuit in the UK after losing EUR 700,000 to scammers
The Paypers
DECEMBER 3, 2024
Fintech company Revolut has been under scrutiny in the UK, facing a fraud lawsuit after scammers stole EUR 700,000.
The case for having a human crime officer in every bank
American Banker
DECEMBER 3, 2024
Ian Mitchell, founder of The Noble, an organization that works with law enforcement and with banks to fight human crime trafficking, explains some of his group's recent work and why banks need someone dedicated to human crime.
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.
BlackRock considers USD 12 bln acquisition in private credit expansion
The Paypers
DECEMBER 3, 2024
BlackRock has reportedly initiated discussions to acquire HPS Investment Partners, a private credit firm, in a deal valued at USD 12 billion or more.
EDR or MDR: What Do Community Financial Institutions Need? | FinTalk
Jack Henry
DECEMBER 3, 2024
Endpoint detection and response (EDR) solutions are often recommended as a critical component of modern cybersecurity strategies. According to IBM, studies estimate that as many as 90% of successful cyberattacks and 70% of successful data breaches originate at endpoint devices.
KPay raises USD 55 mln to expand across Asian markets
The Paypers
DECEMBER 3, 2024
Hong Kong-based fintech firm KPay has raised USD 55 million in a Series A funding round.
NatWest on fast trajectory back to private ownership, boss says
TheGuardian
DECEMBER 3, 2024
Paul Thwaite says government’s exit from its stake in bank could come in first half of 2025 and will be a ‘great moment’ The chief executive of NatWest has said the bailed-out bank is on a “fast trajectory to private ownership”, with the government likely to fully exit its stake within the first half of 2025. Paul Thwaite said it would be a symbolic moment for NatWest Group staff and the wider banking sector, allowing the industry to close another chapter of the fallout from the 2008 banking cra
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.
Adaptation is to mitigation what Robin is to Batman
BankUnderground
DECEMBER 3, 2024
Jenny Clark and Theresa Löber The UK’s climate continues to change, getting wetter and warmer , with extremes becoming ever more pronounced. Even if we limit global warming to 1.5°C above pre-industrial levels, experts warn that we’ll see the number and severity of extreme weather events increase further. Without adaptation, we will see more property, infrastructure and agriculture damaged or destroyed, with devastating consequences to households, communities and businesses – as well as increasi
How Do Interest Rates Affect Assisted Living Facility Financing?
Commercial Lending USA
DECEMBER 3, 2024
How does interest influence assisted living facility financing? Managing rising rates, getting the best funding, and completing your ALF project.
ECB provides updates on digital euro development
The Paypers
DECEMBER 3, 2024
The European Central Bank (ECB) has released its second progress report on the preparatory phase of a potential digital euro.
CFPB proposal would subject data brokers to FCRA rules
American Banker
DECEMBER 3, 2024
The Consumer Financial Protection Bureau issued a proposal to protect consumer data privacy and categorize data brokers that sell sensitive consumer data as "consumer reporting agencies" under the Fair Credit Reporting Act, a move that could garner bipartisan support.
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.
United Community in South Carolina to buy ANB Holdings in Florida
ABA Community Banking
DECEMBER 3, 2024
United Community Banks in Greenville, South Carolina, has agreed to buy ANB Holdings in Oakland Park, Florida. The post United Community in South Carolina to buy ANB Holdings in Florida appeared first on ABA Banking Journal.
Sir Kit McMahon obituary
TheGuardian
DECEMBER 3, 2024
Deputy governor of the Bank of England who helped to rescue the Midland Bank from collapse in the late 1980s At an age when many people are preparing for retirement, Sir Kit McMahon, who has died aged 97, made his first move into business. In 1986 McMahon, an economist and central banker, was parachuted into Midland Bank to rescue the once-mighty institution – a process that eventually led to its takeover by the Hongkong and Shanghai Bank (HSBC).
tell.money partners with Enfuce to Deliver PSD2-compliant Open Banking services
The Paypers
DECEMBER 3, 2024
tell.money has announced its partnership with Enfuce in order to provide its customers and clients with PSD2-compliant Open Banking services.
Small Virginia bank optimistic it will avoid delisting
American Banker
DECEMBER 3, 2024
Primis Financial had to delay several reports to the SEC due to an accounting misclassification error, which raised the possibility that the bank's stock would no longer trade on Nasdaq. Executives say they're "optimistic about putting this behind us.
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.
German unicorn Solaris to secure future funding
The Paypers
DECEMBER 3, 2024
Solaris has announced that it is close to securing new future funding amid reports that it needed urgent financing or faced the prospect of being sold or even closure.
Insider fraud and AI threats top forecasts of 2025 cybercrime
American Banker
DECEMBER 3, 2024
In a report Tuesday, credit bureau Experian predicted that government identity systems could get an update in the coming year. Here's what else could happen.
Brazil may ban stablecoin self-custody transfers
The Paypers
DECEMBER 3, 2024
Brazil is considering a ban on stablecoin withdrawals to self-custodial wallets as part of its effort to regulate virtual asset transactions and increase oversight of foreign exchange activities.
United Community strikes sixth M&A deal in as many years
American Banker
DECEMBER 3, 2024
The Greenville, South Carolina-based company said it would pay $80 million in stock to acquire ANB Holdings and its Miami-area bank.
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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