Payments Dive

DECEMBER 21, 2023

Google’s settlement with attorneys general this week includes a lengthy list of changes the tech titan must make in its approach to in-app payments.

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Payments Google 448

Perficient

DECEMBER 21, 2023

Earlier this year, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), and the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed rule that would reshape the landscape for certain financial institutions. In this article, we delve into the latest developments around the extended comment period, providing stakeholders an increased opportunity to share their insights.

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DC FDIC Washington Compliance 221

Payments Dive

DECEMBER 21, 2023

Spade is tapping its recent funding to try to lure more big U.S. banks to its services, CEO Oban MacTavish said.

Data 221

Data 221

BankUnderground

DECEMBER 21, 2023

Rebecca Freeman As another year draws to an end and the blog prepares for some downtime over the festive period, we wanted to take a look back at the blog in 2023. In case you missed any of our posts the first time round, the five most viewed posts for the year were: How house prices respond to interest rates depends on where they are in the country Why lower house prices could lead to higher mortgage rates Bomadland: How the Bank of Mum and Dad helps kids buy homes ‘There is all the difference

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Management Marketing Policies 133

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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.

Groups

Payments Dive

DECEMBER 21, 2023

In an expanded partnership between the two companies, Walmart is adding Affirm’s buy now, pay later option at its checkout kiosks at most stores.

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Company 195

CFPB Monitor

DECEMBER 21, 2023

The FTC has extended by 30 days the deadline for submitting comments on its proposed “Rule on Unfair or Deceptive Fees” targeting what the FTC refers to as “junk fees.” The new comment deadline is February 7, 2024. In October 2023, we released an episode of our Consumer Finance Monitor Podcast about the FTC’s proposal for which our special guest was Stacy Cammarano, Staff Attorney in the FTC’s Bureau of Consumer Protection, Division of Advertising Practices, and a lead attorney on the proposal

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American Banker

DECEMBER 21, 2023

CEOs, regulators, advocates, lawmakers: who will have the biggest impact on the banking industry this year?

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Regulation Industry Policies Compliance 85

CFPB Monitor

DECEMBER 21, 2023

Providers of consumer financial services that rely on federal preemption to charge customers uniform interest rates and fees on a nationwide basis are currently facing a series of legislative and litigation challenges. In this episode, which repurposes a recent webinar, we first discuss the U.S. Supreme Court’s grant of certiorari in Cantero v.

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National FDIC 78

American Banker

DECEMBER 21, 2023

The Federal Deposit Insurance Corp. finalized rules governing display of the FDIC logo Wednesday, requiring a new digital FDIC sign on online banking platforms beginning in 2025, conspicuous physical signs in nontraditional bank facilities and explicit labeling of insured and non-deposit products.

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FDIC Online Compliance Regulation 85

Advertiser: ZoomInfo

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.

Analysis

BankInovation

DECEMBER 21, 2023

Credit Acceptance Corp. went live Dec. 19 with real-time payments for its dealer base through a partnership with Citizens Financial Group. Dealers can receive payments six times per day, Monday through Saturday and on select holidays, Credit Acceptance (CAC) Chief Marketing and Product Officer Andrew Rostami told Auto Finance News, a sister publication to Bank Automation News.

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Groups Payments Marketing 77

American Banker

DECEMBER 21, 2023

Six North American banks did well in Evident's latest assessment of banks' AI efforts, but JPMorgan and Capital One have a clear lead.

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Capital Technology 81

BankInovation

DECEMBER 21, 2023

As the global economy faced macroeconomic headwinds coupled with rising rates, fintech funding in 2023 remained subdued compared to prior years. Global fintech funding stood at $30.

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Fintech Marketing Company 74

American Banker

DECEMBER 21, 2023

Funding pressures moderated in recent months, but loan charge-offs climbed. With festering concerns about a vulnerable economy, the potential for elevated credits costs could loom large over the upcoming bank earnings season.

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Lending Community Bank Community 78

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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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The Paypers

DECEMBER 21, 2023

Oman-based Development Bank (DB) has selected Newgen Software to simplify its banking processes and provide enhanced experiences.

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Software 74

TheGuardian

DECEMBER 21, 2023

Talks with hedge fund owners could return ethical bank to its mutual roots and create high street challenger with 5m customers Coventry Building Society is in exclusive talks to potentially buy the Co-operative Bank from its hedge fund owners, in a move that would return the ethical bank to member ownership and create a high street challenger with nearly 5 million customers.

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Operations Groups 74

BankInovation

DECEMBER 21, 2023

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.

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Company National Industry Data 72

American Banker

DECEMBER 21, 2023

The Financial Crimes Enforcement Network issued a final rule on beneficial ownership information ahead of a deadline to start reporting this data on January 1, 2024, with revisions to address concerns from lawmakers and banking advocates.

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Data Report Compliance Regulation 68

Advertiser: ZoomInfo

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.

Capital

The Paypers

DECEMBER 21, 2023

WealthKernel , a provider of digital investment services and infrastructure, has provided its customers with US equities trading.

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US 41

American Banker

DECEMBER 21, 2023

The banks' resistance to changes being recommended by the Federal Housing Finance Agency do not bode well for their future or that of the industry.

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Industry Community Bank Community Compliance 54

The Paypers

DECEMBER 21, 2023

Cloud banking company nCino has expanded its partnership with Salesforce to expedite the delivery of cloud solutions to the financial services industry.

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Industry Company 41

American Banker

DECEMBER 21, 2023

Corporations and trial lawyers have long fought over whether consumers should be forced into arbitration to resolve their complaints. Now there's a new wrinkle: It's becoming harder for aggrieved customers to even get to arbitration.

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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.

Operations

The Paypers

DECEMBER 21, 2023

Beyon Money has launched its Beyon Money SuperApp in the UAE, aiming to provide clients with optimised financial services and accelerate its regional expansion.

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Regional 41

American Banker

DECEMBER 21, 2023

The American Bankers Association requested that President Joe Biden tell Treasury Secretary Janet Yellen to study the impact of more robust bank regulation.

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Regulation Study Policies 36

The Paypers

DECEMBER 21, 2023

Omnichannel money transfer services company International Money Express (Intermex) has partnered with Visa to further improve its solutions.

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Company 41

American Banker

DECEMBER 21, 2023

Provident Financial in Iselin initially anticipated completing its deal for Oak Ridge-based Lakeland Bancorp in the second quarter. Now as it waits for regulatory approval, Provident says the process will stretch into spring 2024.

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New Jersey Community Bank Community Compliance 36

Advertiser: ZoomInfo

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.

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