Wed.Jun 26, 2024

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Banking eras change, but some priorities shouldn't

American Banker

Eras come and go, but the ongoing investments in developing, empowering, leading and retaining superior personnel will remain the highest priority of top-performing financial institutions.

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Amex banks on spending at high-end restaurants

Payments Dive

Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

Industry 415
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FTV Capital deepens European business

BankInovation

Investment firm FTV Capital is expanding its European presence with a London office. The London team of six, led by Richard Earnshaw, will “work on deals in collaboration with FTV’s U.S.

Capital 61
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Bank of America zeroes in on banking app innovation

Payments Dive

The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

America 440
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Back to Basics with Reconciliations

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.

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Surge in credit report lawsuits has banks, credit agencies scrambling

American Banker

Banks and financial institutions face a barrage of lawsuits from consumers alleging they failed to investigate inaccurate information on a credit report. Industry blames the uptick in litigation on social media sites and the proliferation of credit repair companies.

More Trending

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EU regulators aim at Apple checkout policy; JPMorgan's former payments boss finds a new job

American Banker

The technology company faces fines over potential anti-competition practices; Takis Georgakopoulos is on his way to Fiserv.

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Tech leader at Starling Bank to speak at Bank Automation Summit Europe 2024

BankInovation

Zahra Gill, head of enhanced due diligence and financial crime strategy and change lead at Starling Bank, will speak at Bank Automation Summit Europe 2024 about the AI revolution in banking. The summit, taking place Oct.

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Sift's report shows concerning increase in AI-related fraud

The Paypers

US-based fraud detection provider Sift has launched its Q2 2024 Digital Trust Index, which revealed that 76% of businesses currently face AI-enabled fraud consistently.

Fraud 45
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School’s out, but financial literacy is still in

ABA Community Banking

Summer is the moment to shine for banks’ community engagement. The post School’s out, but financial literacy is still in appeared first on ABA Banking Journal.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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Connect Money secures USD 8 million in seed funding

The Paypers

Egypt-based Banking-as-a-Service startup Connect Money has announced that it secured USD 8 million in seed funding in a round co-led by several venture capital firms.

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Webinar Recap: Strengthening Accountholder Relationships

Image Works Direct

Customers who are new to your bank or credit union likely don’t know everything you offer or the perks of using your services for all their financial needs. To close that gap, we recommend being proactive and consistent with your marketing to strengthen the relationships you have with accountholders – and that’s what we talked about in our most recent webinar!

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Nuapay joins UK public sector Open Banking Framework

The Paypers

Nuapay has been included in the number of approved suppliers on the Crown Commercial Service ’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework.

System 41
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One of M&T's top executives to leave unexpectedly

American Banker

Darren King, who has been overseeing retail and business banking, will depart from the bank in August, M&T said Wednesday. A company spokesperson cited personal reasons.

Retail 36
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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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Sesame Online partners with iDenfy

The Paypers

Bulgaria-based Sesame Online has announced its partnership with iDenfy in order to automate iGaming onboarding security with identity verification solutions.

Online 41
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Banks pass Fed stress test, but see bigger losses than last year

American Banker

The Federal Reserve attributes the uptick in simulated losses in this year's stress test examination to heightened risks on bank balance sheets and higher expense levels. Credit cards and corporate lending were top areas of concern for the central bank.

Lending 34
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MuchBetter launches contactless payment ring in Italy

The Paypers

MuchBetter , a provider of wearable payments technology, has unveiled a new initiative with the launch of a free contactless ceramic payments ring in Italy.

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CFPB sets record for fair lending enforcement actions and DOJ referrals

American Banker

Last year, the CFPB referred 18 matters to the Department of Justice and initiated 28 fair lending examinations or targeted reviews, the highest number of such actions by the agency ever.

Lending 36
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It Takes Two to Tango

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.

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ACI Worldwide joins forces with RS2

The Paypers

Real-time payments software ACI Worldwide has entered a collaboration with RS2 to provide a solution that fits the needs of acquirers and issues in Brazil.

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LockBit stole a bank's data, but it wasn't the Fed's

American Banker

Evolve Bank & Trust acknowledged the ransomware group published customer data from the bank, but the number of affected people remains unclear.

Data 28
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Yoti ID, Post Office EasyID, and Lloyds Bank Smart ID accredited by PASS

The Paypers

The three Digital ID Connect apps Yoti ID, Post Office EasyID, and Lloyds Bank Smart ID have been accredited by the UK's Proof of Age Standards Scheme.

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How the Most Successful CMOs Foster Relationships Across the C-Suite

The Financial Brand

This article How the Most Successful CMOs Foster Relationships Across the C-Suite appeared first on The Financial Brand. Savvy marketers understand the importance of breaking down silos and encouraging cross-team collaboration. This article How the Most Successful CMOs Foster Relationships Across the C-Suite appeared first on The Financial Brand.

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The 2024 Lenders Guide to Automating the Complex Loan

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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Charlie unveils SpeedBump, an anti-financial fraud initiative

The Paypers

Charlie , a fintech company focused on enhancing financial security for older Americans, has unveiled SpeedBump, a new initiative aimed at combating rampant financial fraud targeting this demographic.

Fraud 36
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How BMO’s Head of Digital Swiftly Navigated an Acquisition and Rebranding

The Financial Brand

This article How BMO’s Head of Digital Swiftly Navigated an Acquisition and Rebranding appeared first on The Financial Brand. BMO's journey toward digital transformation offers valuable lessons for banks navigating the rapidly evolving financial landscape. This article How BMO’s Head of Digital Swiftly Navigated an Acquisition and Rebranding appeared first on The Financial Brand.

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2C2P, MineSec to launch a card & QR payment app on Android in Singapore

The Paypers

Global payments platform 2C2P has partnered with SoftPOS solution provider MineSec to launch a card & QR payment app on Android in Singapore.

Cards 41
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iDenfy partners BetHub to improve ID verification and security

The Paypers

iDenfy , a Lithuanian-based regtech, has partnered with BetHub , an online gaming operator in Bulgaria, to enhance verification accuracy and KYC compliance on the platform.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.