Early Warning launches campaign to warn seniors
Payments Dive
JUNE 5, 2024
The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.
Wed.Jun 05, 2024
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Here is the Future of Bank ROE and What to Do About It
South State Correspondent
JUNE 5, 2024
The average return on equity (ROE) for the banking industry declined to 11.10% in Q1/24 (a 23 percent decline in the last year). For banks under $10B in assets, ROE declined to 10.53% in Q1/24 (an 11% decline in the last year). The typical published analysis considers the industry in aggregate which conflates the challenges and opportunities at community banks (those under $10B in assets).
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Pot payments players crave federal reforms
Payments Dive
JUNE 5, 2024
The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.
ING implements gen AI for know your customer processes
BankInovation
JUNE 5, 2024
AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience. The generative AI efforts for KYC have both an operational and client benefit, Marnix van Stiphout, chief operating officer and chief technology officer ad interim at 976 billion euros ($1.
Fall In Love With the Month-End Close
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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.
CommunityAmerica Credit Union adopts new robo advisory tool
American Banker
JUNE 5, 2024
The Kansas financial institution is using Copper Financial's Guided Investing product that matches members to predesigned portfolios that suit their risk profile.
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Overly formulaic AML compliance is bad for immigrants, and for banks
American Banker
JUNE 5, 2024
For a country that relies on the energy and drive of immigrants to the extent that the U.S. does, it's surprisingly hard for them to get bank accounts. It's time to reassess what we mean by money-laundering risks.
Eurozone business activity grows as expected ECB interest rate cut looms
TheGuardian
JUNE 5, 2024
A 25 percentage point cut to main lending rate is forecast amid growth in Germany, Italy and Spain Business activity grew across the eurozone at the fastest rate in a year in May while inflation cooled, according to data that will be welcomed by the European Central Bank (ECB) in advance of expected interest rate cuts tomorrow. The latest HCOB purchasing managers’ index (PMI) data, compiled by S&P Global, showed private sector output expanded in most economies covered by the euro currency af
eBay to block American Express cards, citing high swipe fees
American Banker
JUNE 5, 2024
The e-commerce firm will no longer accept Amex credit cards globally beginning in August, citing the card network's higher-than-average cost of acceptance.
Ripple partners Clear Junction for cross-border payments
The Paypers
JUNE 5, 2024
Ripple has announced a new partnership with Clear Junction , a global provider of cross-border payment solutions for regulated institutions.
5 Ways You Can Win Faster with Gen AI in Sales
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.
U.S. Bancorp splits new president's former duties between two executives
American Banker
JUNE 5, 2024
A month after Gunjan Kedia was named the company's president, the Minneapolis firm has promoted Stephen Philipson and Felicia La Forgia into new roles that will cover Kedia's former duties.
House subcommittee budgets $276 million for CDFI Fund in draft appropriations nill
ABA Community Banking
JUNE 5, 2024
A House subcommittee budgeted $276.6 million for the Community Development Financial Institutions Fund in its draft fiscal year 2025 appropriations bill, according to the CDFI Coalition. The post House subcommittee budgets $276 million for CDFI Fund in draft appropriations nill appeared first on ABA Banking Journal.
Mastercard expands palm checkout, 'King's cash' gets slow rollout
American Banker
JUNE 5, 2024
Mastercard launches palm checkout in Uruguay, the U.K. commits to a gradual rollout of King Charles banknotes starting this week, and more.
Sumsub enters the Mastercard Engage Partner Program
The Paypers
JUNE 5, 2024
Global full-cycle verification platform Sumsub has announced that it entered the Mastercard Engage Partner Program to mitigate fraudulent activities.
The Role of Automation in Commercial Lending
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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.
Hybrid work is here to stay. Here's how to make the most of it.
American Banker
JUNE 5, 2024
Fifty-seven percent of financial services firms now operate on a hybrid basis, according to new research from American Banker. Some banks are finding ways to maximize the positive aspects and minimize the negative ones.
TrueLayer partners with emerchantpay
The Paypers
JUNE 5, 2024
UK-based TrueLayer has entered a strategic collaboration with emerchantpay to provide payments by bank transfer for merchants across the region and Europe.
Michigan-based credit union to acquire Florida bank
American Banker
JUNE 5, 2024
ELGA Credit Union said it plans to acquire Marine Bank & Trust in an all-cash deal. The combination marks the 12th of the year involving a credit union buying a bank, keeping the industry on pace to establish a new record for such deals.
Sift launches RiskWatch
The Paypers
JUNE 5, 2024
US-based fraud detection provider Sift has announced the launch of RiskWatch, a patent-pending product that aims to simplify risk decisioning for digital businesses.
10 Ways to Leverage Buyer Signals and Drive Revenue
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.
How Much Do Online Reviews Matter to Banking Decisions? A Whole Lot.
The Financial Brand
JUNE 5, 2024
This article How Much Do Online Reviews Matter to Banking Decisions? A Whole Lot. appeared first on The Financial Brand. Almost 90% of banking consumers say they consult user-generated online reviews to make their banking decisions. This article How Much Do Online Reviews Matter to Banking Decisions? A Whole Lot. appeared first on The Financial Brand.
iPiD closes oversubscribed USD 5.3 mln Pre-Series A round
The Paypers
JUNE 5, 2024
International Payment Identity (iPiD) has secured USD 5.3 million in a Pre-Series A funding round to augment global payments with advances Verification of Payee solutions.
Bridging the Generational Gap: How Banks and CMOs Can Tackle Communication Challenges
The Financial Brand
JUNE 5, 2024
This article Bridging the Generational Gap: How Banks and CMOs Can Tackle Communication Challenges appeared first on The Financial Brand. Understanding how each employee communicates is key to having a staff full of happier, more effective workers. This article Bridging the Generational Gap: How Banks and CMOs Can Tackle Communication Challenges appeared first on The Financial Brand.
Plain Numbers and Visa join forces for UK financial inclusivity
The Paypers
JUNE 5, 2024
UK-based consultancy company Plain Numbers has partnered with Visa to bring enhanced financial inclusion and design in government disbursements.
Outsource With Confidence for RDC Program Success
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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.
CFPB’s Foray into BNPL Regulation Stirs Ire and Interest
The Financial Brand
JUNE 5, 2024
This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand. The bureau's 'interpretive rule' used a regulatory fast pass to get on the books ahead of the election cycle. Will it work? This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand.
Remote taps Nium to enhance its international payroll capabilities
The Paypers
JUNE 5, 2024
US-based global HR platform Remote has selected payments provider Nium to enhance its international payroll capabilities.
Put the Right Players in the Right Seats For Loan Growth [VIDEO]
The Emmerich Group
JUNE 5, 2024
I believe quality loan growth is one of the top three drivers of sustainable profitability for banks. What if you could restructure your lending department and increase the productivity per lender by 30 to 40% or more within 12 months. Now if you’re the kind of leader who thinks your team kicks butt and takes names at securing quality loans at extreme premium pricing, and you’re sure it’s because of your teams execution of a particular and predictable success system, not driven by t
FIS Launches Climate Risk Financial Modeler
The Paypers
JUNE 5, 2024
FIS has announced the launch of a Climate Risk Financial Modeler, aiming to help clients assess, reduce, and report risks that are tied to climate change.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
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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