Mon.Feb 24, 2025

article thumbnail

What is a money market account?

PopularBank

Many banks offer money market accounts (MMAs). You may be wondering how this type of account fits into your money management plans. Use the guide below to find out what a money market account is, how its different from a traditional checking account, and how you can select the best account to achieve your financial goals. What is a money market account?

article thumbnail

5 Leading Digital Trends Shaping Wealth Management in 2025

Perficient

Driven by factors ranging from generational wealth transfer to technological advancements, Perficients Principal in Wealth and Asset Management, Gerardo Montemayor , provides valuable insights into the wealth management trends set to transform the industry in 2025. Wealth Management Trend #1: Hyper-Personalized Experiences With AI Driven by advancements in AI, big data, and machine learning, hyper-personalization is reshaping wealth management firms ability to tailor financial services based on

Trends 221
Insiders

Sign Up for our Newsletter

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

article thumbnail

Will Global Payments sell its issuer business?

Payments Dive

Some analysts are pressing the processor to consider divesting the segment that caters to financial institutions, even as its merchant segment grapples with competition.

Payments 221
article thumbnail

How to Price Fixed-Rate Loans Without Prepayment Provisions

South State Correspondent

In a competitive market for commercial clients, each loan feature can be valuable to a community bank. One such loan feature is a prepayment provision on fixed-rate loans. Some community banks offer fixed-rate loans through a hedging program and utilize a symmetrical prepayment provision, others community banks will market their fixed rate loans based on the simplicity of a step-down prepayment provision.

How To 195
article thumbnail

Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

article thumbnail

CFPB drops case against SoLo Funds

Payments Dive

The bureau’s lawsuit against the online lending platform – filed during Rohit Chopra’s tenure – “was wrong” and “the weaponization of ‘consumer protection’ must end,” the CFPB’s Acting Director Russ Vought said.

Lending 195

More Trending

article thumbnail

CFPB dismisses lawsuit against lending platform SoLo Funds

American Banker

The Consumer Financial Protection Bureau and SoLo Funds, a small-loan fintech, mutually dismissed a case regarding loan cost disclosures and state licensing.

Lending 58
article thumbnail

Mastercard settlement approved by UK court despite funders' opposition

The Paypers

Mastercard ’s agreement to settle a landmark lawsuit brought on behalf of British clients has been approved by a London tribunal.

53
article thumbnail

Virginia may effectively ban fintech lending

American Banker

The state legislature has passed a bill that would remove exceptions to a 12% interest rate cap that would make many alternative forms of lending, including earned wage access, infeasible. It sits on the governor's desk, awaiting signature.

article thumbnail

Visa introduces Tap to Add Card in Jordan

The Paypers

Visa has introduced its Tap-to-Add Card feature in Jordan, allowing cardholders to add their Visa contactless cards to digital wallets by tapping their mobile devices.

Cards 53
article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

article thumbnail

Patriot warns of quarterly loss, progresses on capital raise

American Banker

The Connecticut bank expects to report a $9.5 million net loss for the fourth quarter, but it said it's made headway in its efforts to cultivate investors and bolster its capital levels.

Capital 53
article thumbnail

PPRO partners with EPI

The Paypers

PPRO has announced its partnership with EPI in order to enable unified payments for European consumers through the use of Wero.

article thumbnail

SBA loans point way to growth for this small Georgia bank

American Banker

Community Bankshares has launched a unit that is originating Small Business Administration 7(a) loans for itself and aims to service them for other small lenders around the country.

Georgia 36
article thumbnail

UK Government publishes GBP 49 million tender to include Open Banking into Gov.UK Pay

The Paypers

The UK Government has reportedly issued a GBP 49 million tender to integrate Open Banking technology into its Gov.UK Pay platform.

article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

Bank groups ask crypto czar David Sacks to revise rules

American Banker

The ABA, BPI and SIFMA are among the groups asking Sacks to make it easier for banks to engage in crypto-related activity.

Groups 36
article thumbnail

MANSA raises USD 10 million in funding round led by Tether

The Paypers

MANSA , a fintech company specialising in cross-border payments, has secured USD 10 million in funding, with Tether leading the investment round.

Fintech 46
article thumbnail

Charlie Javice's team seeks mistrial in JPMorgan fraud case

American Banker

The student aid startup founder is accused of securities fraud, wire fraud, bank fraud and conspiracy.

Fraud 36
article thumbnail

Euronics partners with Klarna to offer Pay in 3 split payments

The Paypers

The UK arm of Euronics , Combined Independent Holdings (CIH), has integrated Klarna , an AI-powered payments and commerce network, into Euronics.co.uk.

article thumbnail

The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

article thumbnail

FDIC withdraws support for Colo. interest rate exportation law

American Banker

The FDIC withdrew its amicus brief supporting Colorado's opt-out law on interest rate exportation, highlighting the agency's more fintech-friendly regulatory approach under acting chair Travis Hill.

FDIC 36
article thumbnail

Claro obtains PI licence with over EUR 43 million in capital

The Paypers

Claro , a telecommunications provider, has been granted authorisation by the Central Bank of Brazil to function as a regulated Payment Institution.

Capital 41
article thumbnail

JPMorgan earmarks $50 billion more for direct-lending push

American Banker

The bank is making the commitment after deploying more than $10 billion from its balance sheet across over 100 private credit deals since 2021.

Lending 36
article thumbnail

AFS joins forces with Ternoa leveraging Athar to scale crypto payments in GCC

The Paypers

Arab Financial Services (AFS) has entered into a partnership with Ternoa leveraging Athar to onboard retail customers across the GCC into crypto.

Retail 41
article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

article thumbnail

How hackers stole $1.5 billion in crypto from Bybit's cold wallet

American Banker

Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 Ethereum tokens from his company's cold wallet.

Groups 31
article thumbnail

HEYTEA partners with Adyen to accelerate global expansion

The Paypers

HEYTEA has announced its partnership with Adyen for its unified commerce technology and global acquiring capabilities to process payments in-store and online.

Online 41
article thumbnail

'Elon Musk is not your boss,' union tells CFPB employees

American Banker

Consumer Financial Protection Bureau employees most of whom are on administrative leave were asked in an email to list what they accomplished last week. National Treasury Employees Union Chapter 335 said workers should list all the tasks they were told not to perform.

article thumbnail

Momnt teams up with ChargeAfter to deliver more financing options for contractors

The Paypers

Momnt, a US-based fintech company, has partnered with ChargeAfter to deliver additional financing options to home improvement contractors.

Fintech 36
article thumbnail

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.