Wed.Oct 30, 2024

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5 Halloween Tips to Keep the Spectre of Debt Away

BankBazaar

Halloween may be a festival of all things eerie, but nothing can be more spine-chilling than the spectre of debt. Find out how to keep this particular phantom at bay with these 5 tips from the crypt. It’s that time of the year when all manner of creepy crawlies rise up from their slumber to haunt unsuspecting victims in their sleep. No, it isn’t election time yet; it’s Halloween.

Cards 78
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AI Regulations for Financial Services: FinCEN

Perficient

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.

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MoneyGram cites cash-to-digital conversion opportunity

Payments Dive

A MoneyGram executive speaking at the Money 20/20 conference cooed about the trillion-dollar opportunity to lure cash users to digital options, but didn’t mention the company’s recent systemwide outage.

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AML program productivity: Boost the impact of AML investigations

Abrigo

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. Key topics covered in this post: The challenges of enhancing AML program productivity 8 Ways for financial institutions to increase the efficiency of case investigators Operational improvements & technology can increase throughput Compliance

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Fall In Love With the Month-End Close

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.

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Global Payments sells AdvancedMD for $1.1B

Payments Dive

The payments processor divested the unit as part of a plan to streamline the company’s business, and it’s targeting more sales, CEO Cameron Bready said.

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Visa CEO stands fast against DOJ

Payments Dive

Visa CEO Ryan McInerney took a defiant stance Tuesday regarding the Justice Department’s lawsuit against the card network company.

Cards 243
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Understand This Key Insight Into Bank Efficiency and Profitability

South State Correspondent

In our previous article ( here ) we analyzed the data on community bank M&A and performance, and we concluded that there is no relationship between community bank size and profitability, as measured by return on equity (ROE). While superficially it makes sense that bigger is better, size itself does not lead to better bank performance. Combining two banks may lead to some elimination of overhead, but this gain in efficiency and scale is often overstated.

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BofA discloses CFPB probe of Zelle payments

Payments Dive

Bank of America is responding to a Consumer Financial Protection Bureau inquiry related to the bank’s processing of electronic payments through Zelle, the lender disclosed in a regulatory filing.

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8 Strategies to How to Find Private Money Lenders

Commercial Lending USA

Need help to discover real estate private money lenders? Learn how to find private money lenders tactics to advance your real estate career.

How To 105
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5 Ways You Can Win Faster with Gen AI in Sales

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.

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Fiserv CEO dishes on making mergers work

Payments Dive

In addition to pulling back the curtain on integrating Fiserv acquisitions, Frank Bisignano offered predictions on plastic cards and AI at a conference Monday.

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Sweden and Norway rethink cashless society plans over Russia security fears

TheGuardian

Rise in hybrid warfare and cyber-attacks blamed on pro-Russia groups prompt Nordic neighbours to backpedal Sweden and Norway are backpedalling on plans for cashless societies over fears that fully digital payment systems would leave them vulnerable to Russian security threats, and concern for those unable to use them. A combination of good high-speed internet coverage, high digital literacy rates, large rural populations and fast-growing fintech industries had put the Nordic neighbours on a fast

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Bank of America is the latest bank to face AML scrutiny

American Banker

The megabank disclosed that regulators are looking at its anti-money laundering and sanctions compliance. Wells Fargo was recently hit with an enforcement action over similar matters.

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Could you be entitled to a payout after court ruling on car finance?

TheGuardian

After ‘secret’ commissions paid to dealers by lenders were ruled unlawful, billions might be available in compensation UK lenders are scrambling to assess the fallout of last week’s landmark court of appeal ruling on car finance. The judgment on “secret” commission payments could have far-reaching implications for lenders, beyond those covered by an continuing investigation by the Financial Conduct Authority (FCA).

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The Role of Automation in Commercial Lending

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.

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Citadel redlining case shows credit unions should be under CRA

American Banker

Leaving credit unions exempt from the Community Reinvestment Act preserves a gaping hole in regulations designed to make sure that financial services firms make loans available in underserved communities across the country.

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NVIDIA launches its AI Workflow

The Paypers

NVIDIA has announced the launch of its AI Workflow, a product that was developed in order to detect fraudulent credit card transactions.

Cards 77
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Going it alone — together

American Banker

When TD Bank's $13 billion acquisition fell through, First Horizon was forced to quickly come up with a plan. Here's how the bank's culture of sharing ideas and inclusion helped.

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Learning the savings habits and preferences of each generation

ABA Community Banking

Banks that prioritize education, coupled with compelling savings vehicles, will meaningfully empower customers on their personal finance journeys. The post Learning the savings habits and preferences of each generation appeared first on ABA Banking Journal.

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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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Tokenization spearheads a movement transforming financial services

American Banker

Embracing the integration of TradFi and DeFi through tokenization is not just a trend — it is a necessity as we reshape the financial industry to drive growth and resilience in an increasingly complex world.

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Thunes partners with Circle to support stablecoin transactions

The Paypers

Cross-border payments platform Thunes has entered into a strategic collaboration with digital financial company Circle.

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Western Union buys a digital wallet; MoneyGram gets new CEO

American Banker

The global transfer companies made big moves this week, with Western Union buying Dash from Singtel Singapore, while former Walmart executive Anthony Soohoo will be the new boss at MoneyGram.

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Bank acquisition announced in Illinois, North Carolina bank to acquire fintech

ABA Community Banking

Griggsville Bancshares in Illinois to buy Scott Morgan Bancorp; First Carolina Bank in North Carolina to purchase BM Technologies. The post Bank acquisition announced in Illinois, North Carolina bank to acquire fintech appeared first on ABA Banking Journal.

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Outsource With Confidence for RDC Program Success

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.

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Global Payments CEO: 'We lost a little focus'

American Banker

The processor's sale of medical software firm AdvancedMD comes as it prioritizes small-business payments, according to Cameron Bready.

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Coinbase partners with Visa for real-time account funding in the US and EU

The Paypers

Coinbase has announced its partnership with Visa , in order to deliver real-time account funding to its customers through the integration of Visa Direct.

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Why Provident in N.J. is bullish on loan growth

American Banker

The $24 billion-asset bank fully integrated its acquisition of Lakeland Bancorp during the third quarter, and that milestone has positioned the bank for growth, executives said.

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Orange Middle East and Africa teams up Mastercard to digitize Africa

The Paypers

Orange Middle East and Africa ( OMEA ) and Mastercard have revealed an alliance to expand access to mobile financial services throughout Sub-Saharan Africa.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.