CFPB warns remittance firms about false ads
Payments Dive
MARCH 29, 2024
The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.
Fri.Mar 29, 2024
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FDIC rebukes Sutton Bank, Piermont Bank over fintech partners
American Banker
MARCH 29, 2024
The steady drumbeat of consent orders against banks that offer banking as a service continues, with regulators telling banks to keep a closer eye on their fintechs' compliance with the Bank Secrecy Act and money laundering rules.
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AWS and WAX unlock Web3 integration in gaming
The Paypers
MARCH 29, 2024
US-based Worldwide Asset Exchange (WAX) has partnered with Amazon Web Services (AWS) to integrate the WAX network into the Amazon Managed Blockchain (AMB) service.
Movers and Shakers: Stawchansky new chief technology innovation officer at Finastra
BankInovation
MARCH 29, 2024
Fintech Finastra has appointed Mike Stawchansky senior vice president, chief technology innovation officer, according to a release from the on March 6. Stawchansky was senior vice president of platform engineering at data intelligence company Collibra and vice president of system engineering at Salesforce, according to his LinkedIn profile.
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.
Intuit QuickBooks launches new line of credit solution
The Paypers
MARCH 29, 2024
Intuit QuickBooks has announced the launch of its QuickBooks Line of Credit solution in order to provide small businesses with more options to access capital.
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Mashreq partners with NPCI International Payments and PhonePe
The Paypers
MARCH 29, 2024
Mashreq has partnered with NPCI International Payments in order to integrate PhonePe with NEOPAY and improve financial connectivity between the UAE and India.
CFPB's 1033 regulation could be a boon for small banks
American Banker
MARCH 29, 2024
The proposed data sharing rules could create opportunities for forward-thinking financial institutions to better serve their customers and meet ever-growing expectations for digital finance.
AP+ announces the passage of the Digital ID Bill
The Paypers
MARCH 29, 2024
Australian Payments Plus (AP+), a provider of digital identity solutions via ConnectID , has announced and welcomed the passage by the Senate of the Digital ID Bill.
The Great Checking Account Migration: How Marketers Grab Growth in 2024
The Financial Brand
MARCH 29, 2024
This article The Great Checking Account Migration: How Marketers Grab Growth in 2024 appeared first on The Financial Brand. Millions of people moved to a new state or a new city during the post-pandemic residential boom. Now, bank marketers have a once-in-a-decade opportunity to serve the coming checking account migration. This article The Great Checking Account Migration: How Marketers Grab Growth in 2024 appeared first on The Financial Brand.
Back to Basics with Reconciliations
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
HID partners with Santander International
The Paypers
MARCH 29, 2024
US-based identity solutions provider HID , together with Temenos , has announced its collaboration with Santander International , aiming to offer improved customer authentication.
Texas judge moves CFPB's $8 credit card late fee case to DC
American Banker
MARCH 29, 2024
Judge Mark T. Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to "forum shopping.
Samsung Pay to stop working with Mir
The Paypers
MARCH 29, 2024
Samsung Pay , a South Korea-based payment service, has announced its decision to stop working with Russia’s national Mir payment cards starting April 3 2024.
State regulators shouldn't be cannibalizing their own banks
American Banker
MARCH 29, 2024
States reconsidering the opt-out provision of the Depository Institutions and Monetary Control Act should understand that doing so inherently devalues banks chartered within their borders.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
Robinhood launches Gold Card
The Paypers
MARCH 29, 2024
US-based trading app Robinhood has announced its new Gold Card, a credit card that features a minimum of 3% cashback on all purchases.
Banks could also be benefactors of CFPB's data sharing plan
American Banker
MARCH 29, 2024
There are lingering questions related to the agency's 1033 proposal, including how to balance access to information with fraud prevention. But financial institutions should look for ways that access to additional data could help them create better products.
iDenfy partners with FTMO
The Paypers
MARCH 29, 2024
Lithuania-based regtech company iDenfy has announced that it entered a collaboration with FTMO , aiming to simplify the latter’s onboarding process and prevent duplicate accounts.
Warren reiterates call for gun MCC guidance
Payments Dive
MARCH 29, 2024
The Massachusetts senator and 32 other Democrats are stressing the need for federal guidance on the gun merchant category code as states take opposing sides.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
The FinCEN issues an RFI related to banks under the CIP Rule
The Paypers
MARCH 29, 2024
FinCEN has announced its decision to issue an RFI related to the requirements for banks under the CIP Rule to collect a TIN from a client before opening an account.
Mastercard expands Click to Pay solution in Australia
The Paypers
MARCH 29, 2024
Mastercard Incorporated has decided to expand its Click to Pay solution in Australia to help combat online payment fraud in the country.
Coro secures USD 100 mln funding round
The Paypers
MARCH 29, 2024
US-based cybersecurity platform Coro has raised a USD 100 million Series D funding round to drive growth and to augment cybersecurity for SMEs.
Mastercard partners with Singapore Airlines
The Paypers
MARCH 29, 2024
US-based payment technology corporation Mastercard has announced its collaboration with Singapore Airlines (SIA), aiming to improve the travel experience across Southeast Asia.
It Takes Two to Tango
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
US, UK probe USD 20 bln crypto flows through Russia exchange
The Paypers
MARCH 29, 2024
US and UK authorities have analysed cryptocurrency transactions exceeding USD 20 billion that flowed through a Russia-based virtual exchange.
Azimut to launch a new digital independent bank
The Paypers
MARCH 29, 2024
Italy-based Azimut has set out plans to spin off part of its network of financial advisors, merge it into an independent digital bank, and look for outside investors.
Adyen partners with Adobe Commerce
The Paypers
MARCH 29, 2024
Netherlands-based financial technology platform for businesses Adyen has entered a collaboration with Adobe Commerce , aiming to provide flexible payment solutions.
Ant International partners with Capital A Berhad
The Paypers
MARCH 29, 2024
UK-based digital payment and financial services provider Ant International has partnered with Capital A Berhad.
The 2024 Lenders Guide to Automating the Complex Loan
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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.
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