Wed.Jul 03, 2024

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BNPL credit reporting hangs in limbo

Payments Dive

The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?

Report 378
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How a community bank helped save Whole Foods from an early demise

American Banker

Former employees of the Austin-based City National Bank still recall the 1981 flood that deluged the city and Whole Foods, and they take pride in the lender's role in rescuing what was then a fledgling health food store.

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NCR Voyix terminates staff across several units

Payments Dive

The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

Tools 370
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Transactions: Avidia Bank selects Q2, Personetics for digital banking services

BankInovation

Hudson, Mass.-based bank Avidia Bank has selected digital banking service provider Q2 to improve its digital banking capabilities. The $2.5 billion bank will also tap data-driven personalization fintech Personetics’ AI-driven engagement platform through Q2’s platform, Avidia Chief Marketing Officer at Avidia Bank, Janel Maysonet told Bank Automation News.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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The end of Chevron deference, CRE concerns: Top banking news for June 2024

American Banker

In this month's roundup of top banking news: a cease-and-desist issued by the Federal Reserve, high CFO turnover, the end of Chevron deference and more.

More Trending

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Activity-based regulation would mean a more competitive financial system

American Banker

With the line between banks and fintechs growing ever blurrier, financial services supervisors ought to consider adjusting regulation to fit the kinds of activity an institution is engaged in.

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FIs seek tech growth through M&A

BankInovation

Financial institutions are looking to mergers and acquisitions to expand their footprints in growing markets and leaning on their growth for technology investment. For smaller financial institutions, their M&A strategy is usually “to get a bigger portfolio of assets to smooth your expense base as the costs of regulation are going up,” Dan Goerlich, U.S.

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Fintechs push for a bigger global crypto payments market

American Banker

Circle, Stripe and Coindesk all make moves to add scale for digital asset transactions.

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Flexys, Tuum to optimise debt management for banks

The Paypers

UK-based debt management software Flexys has entered a collaboration with Tuum to enable banks to optimise and improve debt collection and management.

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The 2024 Lenders Guide to Automating the Complex Loan

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.

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Don't blame credit repair for surging consumer complaints

American Banker

The focus should be on the millions of Americans whose credit reports contain serious errors, and who are increasingly desperate for relief.

Report 65
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CBUAE establishes Open Finance Regulation

The Paypers

The Central Bank of the UAE (CBUAE) has announced that it issued the Open Finance Regulation, aiming to ensure the security and efficiency of Open Finance solutions in the region.

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What is a BaaS bank's responsibility post-Synapse collapse?

American Banker

Reconciliation problems normally don't happen on the scale that is playing out with Synapse and its partner banks. But banks and their fintech partners can do a better job of communicating the realities of accessing financial services through nonbank entities.

Fintech 56
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FINOM's local IBAN accounts now available in Spain

The Paypers

Digital banking solution for SMEs and entrepreneurs in Europe FINOM has announced the availability of its IBAN accounts in Spain, expanding its solutions to the region.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

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.

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A data breach at Evolve is hurting its many fintech partners

American Banker

Wise, Affirm and Bilt Rewards are among the seven fintechs whose customers' data has gotten tied up in the breach. The number of affected companies is likely to grow.

Data 53
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Mountain America Credit Union extends partnership with Alkami

The Paypers

Mountain America Credit Union (MACU) has extended its partnership with Alkami Technology to leverage its digital banking platform and Data & Marketing Solutions.

America 41
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Warren accuses Powell of giving big bank CEOs too much influence

American Banker

Warren chided the Federal Reserve chairman for having multiple private meetings and talks with top executives — including 19 with JPMorgan Chase CEO Jamie Dimon.

Meeting 28
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EQ Bankto improve customers trust with AI

The Paypers

EQ Bank , the digital arm of Equitable Bank, has leveraged Adoreboard ’s AI-powered insights to enhance customer trust and streamline feedback analysis.

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Is Your Current Card Platform Holding You Back?

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

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California credit union hit with ransomware attack

American Banker

The attack knocked out online banking, mobile banking and the call center at Patelco Credit Union.

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Paxos gets MAS approval to issue stablecoins in Singapore

The Paypers

Paxos has announced that its subsidiary, Paxos Digital Singapore, has received approval from the Monetary Authority of Singapore ( MAS ) to issue stablecoins.

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How to Crack the Code on Banking for Millennials

The Financial Brand

This article How to Crack the Code on Banking for Millennials appeared first on The Financial Brand. Millennials are diverging from older generations in core attitudes to their money and finances. Here's why and how. This article How to Crack the Code on Banking for Millennials appeared first on The Financial Brand.

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Zand Bank and Taurus sign a digital assets partnership

The Paypers

UAE-based Zand Bank has chosen Taurus , a digital asset technology provider, to cover all of its digital asset infrastructure: custody, tokenization and blockchain connectivity.

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3 Ways Managed Device Services Help Community Banks Cut Costs

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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Treasuries snap losing streak amid signs U.S. economy is slowing

American Banker

The U.S. 30-year yield reached the highest level in a month on Monday amid predictions that a Trump presidency would lead to higher inflation.

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Mollie adds Riverty's BNPL payment method

The Paypers

Netherlands-based financial service provider Mollie has partnered with BNPL company Riverty to add a flexible payment method for its customers.

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SIX joins forces with Avaloq

The Paypers

Global provider of financial information SIX has announced the launch of the Independent Valuation Service for financial instruments developed in collaboration with Avaloq.

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Broadridge acquires CompSci Resources

The Paypers

US-based Broadridge Financial Solutions has acquired CompSci Resources , a privoder of cloud-based fintech software for processing SEC filings for companies and funds.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.