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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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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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.

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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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Fall In Love With the Month-End Close

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.

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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.

More Trending

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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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Transactions: U.S. Bank teams with Greenlight for family banking

BankInovation

U.S. Bank has teamed with debit fintech Greenlight Financial Technology to help parents teach financial literacy to their children. “U.S. Bank is the first financial institution to offer Greenlight through an embedded mobile app experience,” Brandon Horne, general manager of partnerships at Greenlight, told Bank Automation News.

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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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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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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.

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Atmos Financial partners with Five Star Bank

The Paypers

Atmos Financial has announced its partnership with Five Star Bank in order to launch a sustainable BaaS model for its customers and clients.

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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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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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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.

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The Role of Automation in Commercial Lending

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.

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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.

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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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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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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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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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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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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.

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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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Outsource With Confidence for RDC Program Success

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.

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Payset to deploy Vault Payments

The Paypers

Cloud-native banking technology company Thought Machine has announced that Payset will deploy Vault Payments in order to improve its services.

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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.

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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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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 28
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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.