Fri.Aug 16, 2024

article thumbnail

Banking AI: 3 tools to watch

ATM Marketplace

Here are three banking AI tools to watch in the coming years.

Tools 126
article thumbnail

Credit cards users struggle with inflation

Payments Dive

JD Power’s annual credit card survey found that more than half of U.S. credit card users don’t pay their balances in full every month, and less than half are considered financially healthy.

Cards 476
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New data on credit card losses add to evidence of 'soft landing'

American Banker

The once-worsening trend of consumers struggling to pay their credit card bills keeps stabilizing, new data from card issuers showed this week. The improved picture comes amid other signs that consumers aren't slowing their spending.

Cards 88
article thumbnail

FedNow to add more fraud tools, Fed official says

Payments Dive

The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.

Fraud 243
article thumbnail

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.

article thumbnail

Fintechs navigate a choice: BaaS middleware or go direct?

American Banker

Nonbanks that rely on sponsor banks to underpin their financial services may assume that "going direct" is safer after the Synapse bankruptcy. But banking-as-a-service middleware has its merits.

Fintech 87

More Trending

article thumbnail

Klarna enters arena with big banks as it adds financial services

American Banker

The Swedish institution is adding savings accounts to its signature buy now/pay later service as it plots an IPO. Analysts say it will be a struggle to go against U.S. institutions.

article thumbnail

Revolut says secondary share sale valued firm at $45B

BankInovation

Revolut Ltd. said a secondary share sale that allowed the company to give employees liquidity for their stakes valued the company at $45 billion. The round was led by investors Coatue, D1 Capital Partners and Tiger Global, according to a statement. Morgan Stanley served as sole placement agent on the deal.

Capital 74
article thumbnail

CrowdStrike computer outage highlights need for Payment Choice Act

American Banker

The ability to make cash transactions is vital to some Americans, and when technology fails us, it can be a lifeline for all Americans. We need to preserve it.

article thumbnail

Larger FIs may need more time to implement open banking

BankInovation

Open banking regulation is quickly approaching but financial institutions are asking the Consumer Financial Protection Bureau to extend the timeline for implementation. FIs are expected to have an open banking framework in place within six months, according to the CFPB’s proposal.

article thumbnail

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.

article thumbnail

Credibanco and Sensedia to introduce new solution

The Paypers

Credibanco and Sensedia have introduced a new solution that centralises financial information from various industry participants, enabling a secure and efficient exchange of data.

article thumbnail

Armed Forces Bank brings 24/7 banking to military customers

BankInovation

Armed Forces Bank is investing in its digital banking channels to ensure that its military-focused client base has 24/7, global access to banking capabilities.

article thumbnail

Beyond CrowdStrike: What banks can learn from other tech disasters

American Banker

While financial institutions continue to recover from the widespread tech disruption, executives are asking what effective fix-it plans might look like during future events.

article thumbnail

Payquicker partners Thunes for global e-wallet expansion

The Paypers

PayQuicker has announced a collaboration with Thunes to extend its e-wallet payout capabilities on a global scale.

62
article thumbnail

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.

article thumbnail

Fintech firm Revolut valued at $45bn in employee share sale

TheGuardian

Staff in line for $500m windfall, with company now worth more than market valuations of big high street banks Revolut has clinched a $45bn (£35bn) valuation through a share sale that is expected to net staff a $500m windfall, cementing its position as the most valuable private tech company in Europe. It is a boost for the London-headquartered firm, which was last valued at $33bn in 2021.

Fintech 61
article thumbnail

Syfe completes USD 27 million Series C funding round

The Paypers

Singapore-based investment platform Syfe has completed a USD 27 million Series C funding round to fuel its expansion efforts.

45
article thumbnail

Massachusetts credit union seeks merger with neighboring bank

American Banker

The planned Bay State deal comes two months after the Minneapolis-based Thrivent said it plans to merge a credit union it controls into a new industrial bank.

article thumbnail

Setpoint secures USD 31 million in Series B round

The Paypers

Infrastructure provider for the credit industry Setpoint has announced that it secured USD 31 million in a Series B funding round.

article thumbnail

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.

article thumbnail

Civil rights groups allege judge-shopping in CRA lawsuit

American Banker

An amicus brief filed in a lawsuit challenging newly finalized implementing regulations for the Community Reinvestment Act argues that the court was chosen because plaintiffs believe the court is more likely to rule in their favor.

Groups 36
article thumbnail

Ledger and Revolut announce integration for crypto purchases

The Paypers

Ledger has announced that fintech company Revolut will be integrated as a buy provider within the Ledger Live platform.

Fintech 41
article thumbnail

Deploy AI Without Triggering Employee Alienation and Burnout

The Financial Brand

This article Deploy AI Without Triggering Employee Alienation and Burnout appeared first on The Financial Brand. Corporate leaders believe AI tools will drive efficiency, but employees say the reality is exploding workloads and widespread exhaustion. This article Deploy AI Without Triggering Employee Alienation and Burnout appeared first on The Financial Brand.

article thumbnail

DCS Innov acquires HolyWally

The Paypers

DCS Innov , a subsidiary of DCS Fintech, has announced that it acquired HolyWally , a Wallet-as-a-Service (WaaS) platform provider, to further expand its operations.

article thumbnail

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.

article thumbnail

Regions taps corporate banking head, Detroit CU's first-ever woman CEO

American Banker

Regions Bank hires next corporate banking group leader from within; Detroit CU names its first-ever woman CEO; United Community raises its quarterly dividend; and more in this week's banking news roundup.

Detroit 28
article thumbnail

NETS launches NETS SoftPOS

The Paypers

Network for Electronic Transfers (NETS), a Singapore-based payment services provider, has launched NETS SoftPOS, a terminal-less payment solution.

article thumbnail

This is how much data breaches cost lenders this year

American Banker

Loandepot and Mr. Cooper said they've spent tens of millions of dollars this year following recent, major hacks.

Data 28
article thumbnail

Klarna introduce balance and cashback new features

The Paypers

Global provider of Buy Now, Pay Later (BNPL) solution, Klarna , has recently announced the launch of two new products tapping into retail banks’ core business – everyday spending and saving.

Retail 36
article thumbnail

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.