Payments Dive

OCTOBER 13, 2023

Global cash use declined four percentage points last year, continuing a pandemic-era trend, consulting firm McKinsey said in a recent report.

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Trends Payments Report 475

American Banker

OCTOBER 13, 2023

As false credit-card disputes spike, the networks have updated policies to provide merchants and issuers with more data to combat false chargebacks.

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Fraud Policies Cards Data 87

Payments Dive

OCTOBER 13, 2023

“The CFPB will not allow companies to use immigration status as an excuse for illegal discrimination,” the bureau’s Director Rohit Chopra said Thursday.

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Cards Company 418

American Banker

OCTOBER 13, 2023

Net interest income rose sharply at Wells Fargo and especially JPMorgan Chase last quarter, thanks to lighter-than-expected deposit costs. But questions linger about how long both companies can keep a lid on those expenses and whether smaller competitors can do the same.

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Company 83

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Payments Dive

OCTOBER 13, 2023

The deal, which marks the latest step in Goldman’s retreat from the mass market, will result in a hit of 19 cents per share to the firm’s third-quarter earnings, to be announced Tuesday.

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Lending Fintech Marketing 243

BankBazaar

OCTOBER 13, 2023

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Cards US Payments Report 78

The Paypers

OCTOBER 13, 2023

Payments Europe reveals key traits of the value and cost of cards in the payment ecosystem, based on its newly released survey on merchants working in retail in Europe.

Cards 76

Cards Payments Survey Retail 76

BankInovation

OCTOBER 13, 2023

PNC Bank is looking to reduce and manage expenses and use the resulting funds to invest in technology. “We are focused on expense management, particularly in the current environment, and have taken actions to maintain discipline expense control,” Chief Executive Bill Demchak said today during the bank’s third-quarter earnings call.

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Management Technology Retail 74

American Banker

OCTOBER 13, 2023

Amplify Credit Union in Austin provided funding for the construction of 28 tiny homes to create more affordable housing in Round Rock, Texas. Several banks had previously shot down the project.

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Austin Texas Lending 74

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BankInovation

OCTOBER 13, 2023

JPMorgan Chase’s expenses increased in the third quarter as the bank invested in people and technology. The $3.7 trillion bank’s consumer and community banking expenses increased 7% year over year to $8.5 billion in the quarter driven by compensation, increased personnel, and spending allocated to technology and marketing, according to the earnings presentation today.

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Community Bank Community Technology Marketing 69

American Banker

OCTOBER 13, 2023

Jane Fraser defended Citigroup's recently announced organizational overhaul and specific performance targets, saying the plan is different from prior restructurings because it's designed to fundamentally change how the company operates.

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Operations Company Management 74

BankInovation

OCTOBER 13, 2023

Wells Fargo is leveraging technology and automating investments to streamline its operations as the $1.6 trillion bank continues to trim its workforce. “I would say there are very few parts of the company that are optimized at this point,” Mike Santomassimo, chief financial officer at Wells Fargo, said today during the bank’s third-quarter earnings call.

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Operations Technology Company Digital Banking 69

American Banker

OCTOBER 13, 2023

A pending new rule from the Consumer Financial Protection Bureau on customer data will force banks to improve customer service and be more competitive in their pricing.

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Data Compliance Regulation 48

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Lending

BankInovation

OCTOBER 13, 2023

Citibank is investing in technology and automation to modernize its security infrastructure, enhance client experience and improve its data structuring.

Data 69

Data Security Technology Retail 69

American Banker

OCTOBER 13, 2023

The change, even if temporary, could help to reduce spreads to Treasurys and bring down rates, the Community Home Lenders of America, the Independent Community Bankers of America and the National Association of Realtors argue.

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Groups America Community National 41

The Paypers

OCTOBER 13, 2023

Germany-based BaaS provider Dock Financial has acquired embedded finance specialist Paydora Finance , with the latter’s integration into its organisation.

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American Banker

OCTOBER 13, 2023

JPMorgan Chase now tops Wells Fargo in third-party servicing, origination volume and on-balance-sheet home loans, according to company filings.

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Company Lending 41

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The Paypers

OCTOBER 13, 2023

Envestnet|Yodlee has introduced SpendSignals, an AI-powered solution that provides access to real-time consumer spending trends and insights on shopper purchasing patterns at competitors.

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Trends 41

American Banker

OCTOBER 13, 2023

Banking leaders were honored and offered motivating wisdom for women to ascend the corporate leadership ranks at American Banker's Most Powerful Women in Banking Gala this year.

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Leadership 41

The Paypers

OCTOBER 13, 2023

Open-source ecommerce platform WooCommerce has partnered with Veem to streamline payables and receivables for ecommerce businesses worldwide.

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American Banker

OCTOBER 13, 2023

The Security Traders Association conference in D.C. led a panel about the SEC's proposal to scale back robo-advisors and AI in markets.

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Innovation Conference Security Marketing 41

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Operations

The Paypers

OCTOBER 13, 2023

Central Depository and Clearing Company of Croatia (SKDD) has announced the launch of its new Central Securities Depository platform to modernise its capital markets infrastructure.

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Security Capital Marketing Company 41

American Banker

OCTOBER 13, 2023

The recent round of terminations comes after the neobank cut 225 employees in January.

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Digital Banking Fintech 41

The Paypers

OCTOBER 13, 2023

Point of Sale solutions provider Bravo Store Systems has partnered with Buy Now, Pay Later (BNPL) provider Credova Financing to offer merchants BNPL functionality.

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System 41

American Banker

OCTOBER 13, 2023

Under the proposals, banks with at least $100 billion in assets would have to boost the amount of capital set aside by an estimated 16%.

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Capital Regulation Industry 41

Advertiser: ZoomInfo

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