Fri.Nov 17, 2023

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Fed's Barr says FedNow will complement the private RTP network

American Banker

Speaking at an event hosted by The Clearing House, the Federal Reserve's vice chair for supervision said he expects both instant payment processing systems to be widely adopted over time.

System 41
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Visa warns consumers about holiday fraud

Payments Dive

Better spelling on fake merchant sites and more advanced card skimmers are among the latest schemes that will be deployed by fraudsters during the year-end holiday shopping season.

Fraud 435
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For faster loan origination, stop doing this

Abrigo

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Learn where to find opportunities for improvement. You might also like this on-demand webinar on the red flags of emerging CRE risk. WATCH Takeaway 1 A critical look at the existing steps for loan requests and credit underwriting helps uncover ways to offer faster loan decisions.

Lending 222
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Fiserv doubles down on Clover growth

Payments Dive

CEO Frank Bisignano is betting on accelerated growth of Clover’s small business point-of-sale services, even as he admitted to being “paranoid” in the highly competitive market.

Marketing 397
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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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Retail Deposits: Analyzing Deposit Stickiness in the Current Interest Rate Environment

Perficient

In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period. Now, we will delve into the stability of retail deposits from the same bank over the same timeframe, determining whether they were resilient compared to transaction accounts.

Retail 221

More Trending

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The true cost of fraud

Abrigo

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. Takeaway 2 A worsening economy increases the fundamentals of fraud, pressure, opportunity, and rationalization.

Fraud 195
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Change the Game With New Ideas and Exciting Possibilities: Reflecting on 2023’s Jack Henry™ Connect

Jack Henry

Dive into fintech revelations from Jack Henry Connect! From Jack Henry Platform to Financial Crimes Defender and FedNow insights. Shape banking's future.

Fintech 122
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Authentic experiences: How your brand can reach Gen Z for success and customer loyalty

ATM Marketplace

The APC Gen Z study found that Gen Z has five top demands from businesses and brands: 1. Authenticity. 2. PhysiDigital. 3. Experiential. 4. Custom. 5. Rewards.

Branding 119
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UK savers urged to act quickly for best returns as rates drop

TheGuardian

NS&I, Shawbrook and Tandem among providers to make reductions amid flurry of such moves Savers have been urged to act quickly if they want to get the best returns on their money after a flurry of interest rate cuts on top-paying accounts. This week NS&I reduced the rate it offers on its three-year green bonds from 5.7% to 3.95%, while Shawbrook, Tandem and Ford Money were among other providers making cuts.

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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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Early cracks start to show in banks' commercial loans

American Banker

Credit problems in business loans have risen in recent months, as companies that are in a weak financial position have started closing up shop. The difficulty in gauging which banks will face the most trouble is prompting many investors to stay away from the sector.

Company 85
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UK mortgage arrears rise as borrowers feel squeeze, says Nationwide

TheGuardian

Building society benefits from high interest rates, with half-year profits increasing to £1.3bn Nationwide has warned that mortgage arrears are rising as the building society reported increased profits on the back of higher interest rates. Higher borrowing costs after the Bank of England raised interest rates 14 times since the end of 2021 have caused financial pain for some mortgage holders while benefiting savers.

Report 83
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ATM, Self-Service Software guide offers exclusive information on industry

ATM Marketplace

The 2023 ATM and Self-service Software Trends Guide delivers in-depth research based on interviews and survey data from financial institutions worldwide on how they are utilizing ATMs.

ATM 82
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Apple reveals a new Apple Pay account balance feature for UK clients

The Paypers

Apple has revealed a new Apple Pay account balance feature that allows UK-based customers to access information such as balance and spending history.

Apple 73
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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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Fintech funding: Mega rounds increase 50% QoQ

BankInovation

Global fintech funding dropped marginally in the third quarter sequentially, but deals worth more than $100 million substantially increased as funding remained below 2019 levels. As global fintech funding reached $7.4 billion in Q3, it was down 46% year over year, according to CB Insights’ State of Fintech Q3 report published last month.

Fintech 72
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Is your ATM running? AI can catch it (if it's not).

American Banker

Diebold Nixdorf is using artificial intelligence to spot trouble proactively — a move that has already increased ATM uptime by up to 3.5%.

ATM 69
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D.L. Evans Bank saves $1M with Laserfiche automation

BankInovation

D.L. Evans Bank has been working with and expanding the use of software company Laserfiche capabilities for 25 years, resulting in paper, monetary and time savings throughout the bank. Through the tech provider, the $3.

Idaho 69
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Capchase partners with Grasshopper bank

The Paypers

US-based Grasshopper Bank has partnered with Capchase to enable its SaaS clients with access to the latter’s funding options.

US 68
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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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OpenAI ousts Sam Altman; Chase discloses carbon emissions

American Banker

A convicted Goldman executive seeks to lower his legal bills, OpenAI's board has ousted its founder and CEO and several bank leaders are taking on new roles, and more in the weekly banking news roundup.

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Afterpay collaborates with Rokt to enhance its advertising business

The Paypers

Australia-based BNPL provider Afterpay has partnered with ecommerce tech company Rokt to offer shoppers more relevant ecommerce experiences.

Company 68
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Blue Ridge Bank begins offboarding at least a dozen fintech partners

American Banker

The banking-as-a-service pioneer has been reeling from the business since an enforcement action from a federal regulator last year.

Fintech 50
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Plinqit partners with Bankjoy

The Paypers

Plinqit has partnered with Bankjoy , a digital banking provider across the US, to help financial institutions grow deposits and promote healthy saving habits.

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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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Hacker chutzpah: Ransomware group says it reported victim to SEC

American Banker

The cybercriminals said a new SEC rule required loan software company MeridianLink to report last week's breach, but the rule does not take effect until next month.

Report 41
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One Inc partners with J.P. Morgan Payments

The Paypers

US-based One Inc has entered a partnership with J.P. Morgan Payments to enhance property and casualty insurance claims payments.

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Gen AI is the key to making Gen Z love banks

American Banker

Financial institutions can deploy generative artificial intelligence to connect with young consumers and turn them into customers for life.

Fintech 41
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Advent International agrees to buy myPOS

The Paypers

US-based Advent International has agreed to acquire UK-based payments firm myPOS in a deal that’s expected to close by the end of 2023.

US 41
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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.