Wed.Jul 10, 2024

article thumbnail

‘No one length fits all’ – haircuts in the repo market

BankUnderground

Miruna-Daniela Ivan, Joshua Lillis, Eduardo Maqui and Carlos Cañon Salazar Funding markets are crucial for healthy and active financial institutions, and consequently for everyone in the economy. The repurchase agreement (repo) market plays a key role in bank and non-bank financial institutions’ (NBFIs’) daily activities by facilitating short-term financing and risk hedging.

Marketing 122
article thumbnail

Target to stop accepting personal checks

Payments Dive

The retailer’s customers will still have six payment options after the change takes effect in about a week.

Retail 398
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Senators accuse JPMorgan’s Jamie Dimon of backtracking on climate commitments

TheGuardian

Exclusive: Letter from senators, led by Elizabeth Warren, says JPMorgan may have misled investors and public JPMorgan Chase, the world’s biggest investor in fossil fuels, may have misled investors and the public by backtracking on its already weak climate and environmental commitments, six US senators have warned in a letter to the CEO Jamie Dimon. Although a climate-disrupted world demands stronger action by the financial sector to reduce emissions and protect nature, the Wall Street firm is he

US 111
article thumbnail

Payroc preps for more acquisitions, angles for IPO

Payments Dive

Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for an initial public offering.

358
358
article thumbnail

How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

article thumbnail

Visa, Mastercard won't raise European fees; Alipay adds AI copilots

American Banker

The card networks extended an agreement to keep interchange the same for cards issued outside of the European Union; meanwhile Ant Group's Alipay adds a number of AI-powered assistants.

Cards 83

More Trending

article thumbnail

'It's always a black box': One fintech's ordeal working with Synapse

American Banker

GrabrFi, a challenger bank for freelancers outside of the U.S., has found both hurdles and opportunities by working with banking-as-a-service middleware vendors.

Fintech 81
article thumbnail

Transactions: Banco Santander, Google offering AI course

BankInovation

Banco Santander and Google have teamed up to offer an AI course. The on-demand course is live on the bank’s Santander Open Academy Platform and is free to anyone over 16, according to a July 9 Santander release.

Course 68
article thumbnail

Powell says Fed can't muscle FDIC, OCC on new capital proposal

American Banker

During his second day of congressional testimony this week, the Federal Reserve chair said the central bank does not have supremacy over other agencies on their joint rulemaking.

FDIC 73
article thumbnail

Hard Money Loans For Rental Properties Are Good Options!

Commercial Lending USA

Hard money loans for rental properties are perfect for real estate owners who want to buy or refinance rental properties. But let's take a quick look at what hard money loans are before we start.

Lending 52
article thumbnail

The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

article thumbnail

Texas bank leverages family ownership to drive growth

American Banker

Susser Bank has proved successful attracting business from small and mid-sized companies the past two years. It's hoping a successful capital raise and continued branch expansion can extend the trend.

Texas 67
article thumbnail

FREENOW integrates Alipay+

The Paypers

German-based mobility services provider FREENOW has integrated Alipay+ with its taxi cab services in seven European countries.

Mobile 69
article thumbnail

Citi fined $136 million for alleged violations of 2020 consent orders

American Banker

The megabank isn't making enough progress in its efforts to improve its risk management systems, according to the Federal Reserve and the Office of the Comptroller of the Currency.

article thumbnail

India's Paytm to invest USD 6 million in a key subsidiary

The Paypers

India’s Paytm has secured approval from a government panel that oversees fundings linked to the region of China to invest USD 6 million in a key subsidiary.

article thumbnail

Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

article thumbnail

It's up to state regulators to lead the way in payments innovation

American Banker

Washington policymakers are not adopting policies necessary to keep the U.S. on the cutting edge in payments. Fortunately, the dual banking system offers an alternative path forward.

article thumbnail

Thunes partners with LianLian Global

The Paypers

Singapore-based cross-border payments company Thunes has added ecommerce cross-border payment service provider LianLian Global to the Thunes Global Network.

article thumbnail

McKernan and Chopra want clearer bank-fintech guidance

American Banker

Federal Deposit Insurance Corp. Board Members Jonathan McKernan and Rohit Chopra agreed on the value of clearer bank-fintech guidance to enhance regulatory clarity, foster innovation and ensure fair competition in the financial services sector.

Fintech 36
article thumbnail

BR-DGE launches global white-label payment solution

The Paypers

BR-DGE has introduced a white-label payment orchestration solution aimed at enhancing the capabilities of payment acquirers, gateways, platforms, and other ecosystem participants.

article thumbnail

Auditpalooza: Rocking the Month-End Close Audit

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

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

article thumbnail

Senators accuse Jamie Dimon of backing off his climate commitments

American Banker

Elizabeth Warren was among those who criticized Dimon for saying that the bank is going to move away from "commitments" toward "aspirations" on climate.

36
article thumbnail

Phos partners with Shift4

The Paypers

Shift4 has partnered with Phos by Ingenico with the aim of bolstering the latter's acquiring capabilities and expand adoption of its SoftPOS solution for merchant customers across Europe.

36
article thumbnail

CFPB proposes new mortgage servicing rule to aid struggling borrowers

American Banker

The Consumer Financial Protection Bureau has proposed requiring that mortgage servicers exhaust all efforts at assisting struggling borrowers before moving ahead with a foreclosure.

article thumbnail

OIX partners with DIACC to support digital interoperability

The Paypers

Global non-profit Open Identity Exchange (OIX) has partnered with Canada-based non-profit Digital ID Authentication Council of Canada ( DIACC ).

41
article thumbnail

3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

article thumbnail

Here Is a Comparison of 6 Bank Pricing Strategies

South State Correspondent

Unfortunately, bank product pricing is essentially an afterthought in our industry. Few bankers study bank pricing, and few apply quantitative rigor to pricing optimization. We often price products and services without regard to cost, we price small loans against competition that also has pricing wrong, and we pay little attention to our products’ perceived value or price elasticity.

article thumbnail

Network International partners with Mastercard

The Paypers

Network International has announced its partnership with Mastercard in order to optimise the UAE’s overall commercial payments landscape.

article thumbnail

How Project 2025 would affect bankers

American Banker

A document from the Heritage Foundation, written by some of former President Donald Trump's top economic advisors, could have a large impact on bank oversight, should Trump win the presidential election this year.

article thumbnail

emerchantpay research shows demand for Open Banking rises

The Paypers

Research published by emerchantpay , a global payment service provider and acquirer, has identified key factors influencing consumer preferences for online payment methods.

Online 36
article thumbnail

5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.