Wed.Jul 10, 2024

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‘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 126
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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 397
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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.

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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.

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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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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 112

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FedNow looking to drive payments volume

BankInovation

Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one year ago offers another avenue to send and receive funds instantly. Real-time transactions are predicted to reach 575.1 billion by 2028, with a compound annual growth rate of 16.

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'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
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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 77
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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
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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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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
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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.

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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
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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
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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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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.

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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.

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Evolve Bank says cybercriminals accessed personal data of millions of customers

The Paypers

Evolve Bank and Trust have stated that cybercriminals have accessed the personal data of millions of customers during a recent cyberattack.

Data 41
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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.

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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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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.

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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
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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.

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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.

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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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Stitch integrates big-three payment wallets

The Paypers

South African fintech company Stitch has provided enterprise merchants with the possibility to access payments via Apple Pay, Google Pay, and Samsung Wallet.

Samsung 36
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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.

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Sumsub announces strategic partnerships in Southeast Asia

The Paypers

Global full-cycle verification platform Sumsub has announced a series of strategic collaborations in Southeast Asia.

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Yellen resists calls to punt deadline for beneficial ownership

American Banker

Republican lawmakers want the Treasury secretary to extend the deadline for U.S. businesses to submit beneficial ownership information to the agency's Financial Crimes Enforcement Network. She emphasized that the agency is focused on penalizing willful non-compliance rather than enforcing 'gotcha' penalties against small businesses.

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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.