The Financial Brand
JANUARY 29, 2024
This article Fintech Funding Freeze May Thaw in 2024. But Failures May Multiply, Too appeared first on The Financial Brand. A comeback in fintech funding in 2024 may be matched by a culling of the weak. This article Fintech Funding Freeze May Thaw in 2024. But Failures May Multiply, Too appeared first on The Financial Brand.
Payments Dive
JANUARY 29, 2024
The cash advance provider “lured consumers in with false promises of free money advances,” and then made it difficult for them to cancel, FTC Director Samuel Levine said in a press release.
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American Banker
JANUARY 29, 2024
Banks need to reckon with the explosive rise of legal online wagering and the addicts left in its wake.
Payments Dive
JANUARY 29, 2024
The card network reported a slowdown in U.S. payments growth in recent months, attributing the drag partly to new competition in online debit transactions.
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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.
The Paypers
JANUARY 29, 2024
A BitPay report released in 2023, has shown that XRP saw a notable increase in usage for payment transactions on BitPay, with a 42% rise in transaction volume.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
JANUARY 29, 2024
In October 2023, the Federal Reserve Board issued a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. The due date for comments on this proposal, originally February 12, 2024, has been extended to May 12, 2024. The Consumer Bankers Association (CBA) recently commissioned research on debit card interchange fee limits and the potential implications if the proposal to reduce debit interchange caps is finalized.
BankInovation
JANUARY 29, 2024
Valley Bank is looking to move all its operations to the cloud by 2026 to achieve efficiency and scalability. The $61 billion, Morristown, N.J.-based bank has between 75% and 80% of its operations on the cloud already, Chief Operations Officer Russ Barrett told Bank Automation News. Snowflake is Valley’s primary data hub provider, Barrett said.
CFPB Monitor
JANUARY 29, 2024
In recent years, the Federal Trade Commission (FTC) has been active in enforcement and policy initiatives in a number of developing consumer financial areas. Based on its active agenda in 2023, 2024 promises to be another year of significant activity for the FTC. On February 28, 2024, from 1:30 p.m. to 2:30 p.m.
BankInovation
JANUARY 29, 2024
The peer-to-peer payments market is growing as consumer demand ticks up and new competitors enter the space. P2P payment market size is expected to reach $6.4 billion by 2028, according to a January report by market research group The Business Research Co. In fact, 81% of banked U.S.
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.
CFPB Monitor
JANUARY 29, 2024
A bi-partisan group of House members has sent a letter to CFPB Director Chopra to express concern about the CFPB’s rule setting forth its procedures for establishing supervisory authority over nonbanks engaged in conduct that poses risk to consumers. The Dodd-Frank Act provides that the CFPB can supervise a nonbank covered person that the CFPB “has reasonable cause to determine, by order, after notice to the covered person and a reasonable opportunity for such covered person to respond.
American Banker
JANUARY 29, 2024
Acting Comptroller of the Currency Michael Hsu said Monday his agency is rescinding a rule that requires merger applications to be considered approved 15 days after of a comment period's closure, part of a broader effort to rethink the bank merger process.
CFPB Monitor
JANUARY 29, 2024
On January 24, 2024, Pennsylvania Attorney General, Michelle Henry announced a settlement with attorney Erik M. Helbing and his businesses Helbing Law, LLC, and Consumer Law Relief, LLC. (Respondents) to resolve alleged violations of the Pennsylvania Unfair Trade Practices and Consumer Protection Law (UTPCPL), the Pennsylvania Debt Settlement Services Act (DSSA), and the federal Telemarketing Sales Rule (TSR).
American Banker
JANUARY 29, 2024
With the growing interest in generative AI, it seems inevitable that some banking jobs will change while others will be eliminated entirely.
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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.
The Paypers
JANUARY 29, 2024
Canada-based CGI has extended its partnership with the National Bank of Canada for another ten years through an extended service agreement.
American Banker
JANUARY 29, 2024
Google Pay's collaboration with the country's digital transaction network is the latest example of Indian tech informing strategy elsewhere in the world, including the U.S.
The Paypers
JANUARY 29, 2024
Online trading platform Tiger Brokers has chosen TrueLayer ’s Signup+ product to streamline customer onboarding and funding.
American Banker
JANUARY 29, 2024
The longtime Most Powerful Women in Banking honoree looks back on her 40-year career and the power of persistence.
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.
The Paypers
JANUARY 29, 2024
European cloud-based neobank Viva.com has partnered with Conecs to allow physical and digital meal voucher card transactions via its Terminal app.
American Banker
JANUARY 29, 2024
The recent leadership turmoil at OpenAI underscored the importance of the due diligence banks must conduct before working with a generative artificial intelligence vendor.
The Paypers
JANUARY 29, 2024
Germany-based GFT Technologies has announced its agreement to acquire Colombia-based Sophos Solutions , aiming to solidify its presence in Latin America.
American Banker
JANUARY 29, 2024
Jim Esposito, one of Goldman Sachs Group's most senior executives, is leaving after almost three decades with the firm.
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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.
The Paypers
JANUARY 29, 2024
Digital engineering enabler Nagarro and banking software company Temenos have signed an agreement to develop Temenos Country Model Banks in Romania and Poland.
American Banker
JANUARY 29, 2024
Financial services companies are still in the early days of utilizing artificial intelligence, meaning they must closely examine any partnership with a third party. This includes demanding evidence to back up any performance claims these outside companies make.
The Paypers
JANUARY 29, 2024
TransUnion Hong Kong has announced the launch of its new Dark Web Monitoring identity protection service, intending to protect consumers’ identity and personal data.
The Paypers
JANUARY 29, 2024
Germany-based payment processing provider Unzer has rolled out its mobile POS solutions in Austria and Luxembourg.
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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