Fri.Nov 10, 2023

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Flywire scoops up Australian firm

Payments Dive

The $38.8 million acquisition of StudyLink will expand Flywire’s presence in the Australian higher education market, the company said.

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Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment

Perficient

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates. Sir Isaac Newtown’s first law of motion, which states that an object in motion will stay in motion and an object at rest will stay at rest unless acted upon by an external force, can be applied to retail depositor

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Bitcoin Depot CEO weighs in on new California law

Payments Dive

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

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NatWest scraps more than £7.5m of Alison Rose’s payout after Farage scandal

TheGuardian

Move follows resignation of CEO over row linked to closure of former Ukip leader’s bank accounts NatWest has scrapped more than £7.5m that was due to be paid to Alison Rose, the banking group’s former chief executive, who was forced to resign over a scandal linked to the closure of Nigel Farage’s bank accounts. The board of NatWest said that following her resignation, future unvested share awards worth £4.7m would lapse and not be paid out.

Groups 104
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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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The future of banking: Overhauling customer experience strategies

ATM Marketplace

What is the key to banking success in the current market? The answer is to overhaul customer experience strategies to meet consumers where they are.

More Trending

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How JPMorgan is using blockchain to make B2B payments 'programmable'

American Banker

The technology, which has its roots in cryptocurrency, could make corporate transactions more flexible.

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WLPayments integrates with Paysafe

The Paypers

Netherlands-based payments orchestration platform WLPayments has announced its successful integration with payment solutions provider Paysafe.

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Custodia Bank launches bitcoin custody platform

American Banker

The Wyoming bank has launched its signature service, amid a legal tug-of-war with the Federal Reserve.

Wyoming 91
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Q&A with Jeri Scheel on digital solutions at Fiserv

BankInovation

Technology service provider Fiserv continues to invest in its digital solutions including its digital wallet platform, CardHub, which allows real-time controls, transaction monitoring, digital wallet support and enables digital issuance of new, lost and stolen replacement debit and credit cards. Fiserv clients include Microsoft and Google, as well as banks like Fort Lauderdale, Fla.

Google 69
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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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Fed: Supervisory problems on the rise for banks of all sizes

American Banker

In its biannual report on supervision and regulation, the Federal Reserve Board noted an uptick in governance issues with large banks. Regional and community banks, meanwhile, were plagued by IT problems and risk management struggles.

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Upstart automates 88% of loan processes

BankInovation

Online digital lender Upstart invested in technology including automation and AI to improve its loan processing and underwriting models in the third quarter. The effort resulted in increased automation in loan processing, Chief Executive Dave Girouard said during the company’s Q3 earnings call this week.

Online 69
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Associated Banc-Corp lays off 3% of workers as part of overhaul

American Banker

In addition to expense-reduction measures, the Wisconsin-based regional bank is selling almost $2 billion of mortgages and securities and will invest in its lending and deposit-gathering capabilities.

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Podcast: Bespoke banking for family-owned businesses

ABA Community Banking

Family-owned businesses, especially those crossing the mark of $10 million in annual revenue, often have unique banking needs. They have the freedom to make long-term investments, but they also face challenges associated with funding for growth, complex family dynamics and the need to manage liquidity events for family members. The post Podcast: Bespoke banking for family-owned businesses appeared first on ABA Banking Journal.

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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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RBC's City National Bank taps Fifth Third's Hammond as new CEO

American Banker

City National Bank has tapped Howard Hammond, a 17-year veteran of Fifth Third Bancorp, as CEO of the Los Angeles-based bank, replacing Kelly Coffey, who will move to a newly-created role as CEO of the bank's entertainment unit.

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dtcpay partners with PlatON and Allinpay International

The Paypers

Singapore-based dtcpay has partnered with PlatON and Allinpay International to launch a new digital currency payment system based on smart terminals.

System 45
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Flagstar promotes new executive; Firstar Financial acquires Stigler

American Banker

Flagstar Bank promotes newly hired Jason Birnbaum; Finstar Financial tops $1billion-asset threshold with acquisition of Sitgler; digital platform Bluevine launches checking account for high balances; and more in the weekly banking news roundup.

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Eltropy integrates with Portico from Fiserv

The Paypers

US-based Eltropy has integrated with Portico from Fiserv in order to provide credit union members and customers with optimised engagement and experience.

US 41
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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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Ransomware attack on Chinese bank interrupts U.S. Treasury trading

American Banker

The market stayed open four extra hours to allow participants to reroute trades Thursday after an attack by cybercrime group Lockbit.

Groups 68
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Magnati partners with TerraPay

The Paypers

Payments company Magnati has announced its partnership with UK-based cross-border payments network TerraPay to provide merchants with an additional payment method.

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5 things to expect at American Banker's Small Biz Banking 2023 conference

American Banker

Banks across the spectrum of size and location serve small businesses — but they all do it differently. At American Banker's Small Biz Banking 2023 conference in Nashville from November 13-15, banks of all sizes will come together to share ideas, learn from experts and hear from bankers in the field who are doing it best.

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Alkami Technology partners with Plaid

The Paypers

Alkami Technology has announced its partnership with Plaid in order to enable financial institution clients in the US to access the latter’s direct API services.

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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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The next wave of fintech should focus on human relationships

American Banker

As we look ahead to fresh innovations in fintech, we should try to reconnect with a deeper, more intentional set of human relationships foundational to our experience of money.

Fintech 54
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Avelo Airlines offers PayPal payment option for its customers

The Paypers

US-based Avelo Airlines has partnered with PayPal to provide its customers with more convenient, secure, and flexible payment options.

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Banks' fight against capital rules reaches Sunday Night Football

American Banker

The banking industry's campaign against proposed capital requirements has reached a new dimension, with a group called Center Forward buying a Sunday Night Football ad arguing that the proposals would raise consumer costs.

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ACI Worldwide expands its partnership with Interswitch

The Paypers

US-based real-time payment solutions provider ACI Worldwide has extended its partnership with integrated payments company Interswitch.

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.