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

TheGuardian

OCTOBER 13, 2023

Jamie Dimon says Israel-Gaza conflict may have ‘far-reaching impacts’ on energy prices, food costs and international trade The JP Morgan boss, Jamie Dimon, has warned the world may be living through “the most dangerous time the world has seen in decades” as Israel prepares to launch an expected ground offensive on Gaza. The escalating conflict could have “far-reaching impacts” on energy prices, food costs, international trade and diplomatic ties, he said as JPMorgan Chase, America’s largest bank

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Report 106

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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BankBazaar

OCTOBER 13, 2023

Do you know everything about Credit Card rewards? Let’s find out. Do you know everything about your Credit Card? There are quite a few myths around Credit Cards that stop people from getting the best out of their cards. Let’s debunk some of the most common myths related to Credit Cards and their reward points now. Myth: ‘Getting a Credit Card drastically affects my Credit Score.

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Cards US Payments Report 78

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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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

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 69

American Banker

OCTOBER 13, 2023

The Pittsburgh-based regional bank expects to save $325 million next year as it reduces its staff by 4%. Executives said the cuts are necessary because revenue has fallen amid a surge in interest rates and a decline in loan volumes.

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Lending Regional Management 82

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.

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Cards Payments Survey Retail 76

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

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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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 64

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

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 64

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

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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BankInovation

OCTOBER 13, 2023

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

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Data Security Technology Retail 64

The Paypers

OCTOBER 13, 2023

Royal Bank of Canada (RBC) has partnered with global small business platform Xero to help businesses automate payments to suppliers.

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Payments 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

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

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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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

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 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

UK-based Zilch has launched its new Zilch Up service, to provide more affordable credit via BNPL borrowing for usually excluded clients and to drive financial inclusion.

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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American Banker

OCTOBER 13, 2023

The San Francisco-based bank reported $13.1 billion in net interest income in the third quarter, up 8.3% from a year earlier, and raised its full-year guidance. Noninterest expenses rose more than expected, though, totaling $13.1 billion in the quarter.

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San Francisco Report 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

The FDIC launched a campaign Wednesday to educate the public about the importance of deposit insurance, a move designed to counter lingering concerns arising from this spring's bank failures and the resurgence of imitation banks.

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FDIC Policies Compliance Regulation 36

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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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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