Thu.Sep 26, 2024

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The New Capital of Smarter Banks

Gonzobanker

In today’s evolving financial world, bank leaders should look to intellectual capital to create shareholder value. Banking: It’s a financially leveraged industry run by financial experts who like to geek out on… well, finance. These days the world of finance even dons matching uniforms with “Finance Bro” vests. And when these finance brothers and sisters think about a bank’s franchise value, they immediately reference equity capital.

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Moneygram faces backlog after outage

Payments Dive

The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

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The Most Powerful Women to Watch 2024

American Banker

Our annual list of the most powerful women to watch in banking and finance.

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FDX seeks to become open banking standard-setter

Payments Dive

The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

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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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Bank M&A set to take off after Fed rate cuts; deal values soar

American Banker

Dealmakers say the Federal Reserve's decision to reduce interest rates this month will lower borrowing costs and support banks' credit quality, making it easier for buyers to assess sellers' balance sheets and agree on sale terms.

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The Most Powerful Women to Watch: No. 4, Meghan Graper, Barclays

American Banker

Graper was promoted to her current role as managing director and global co-head of debt capital markets last year.

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Multitude Bank partners with Salt Edge to provide instant loan repayments

The Paypers

Multitude Bank , a subsidiary of the Multitude Group, has entered into a strategic agreement with the Open Banking platform Salt Edge to deliver instant loan repayments.

Groups 74
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Stop undermining your direct reports by going around them

American Banker

As a leader, just because you have the authority to make a decision doesn't mean you should always be the one making it. A good manager allows subordinates to make choices and assume responsibility.

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Yuno launches Monitors for real-time payment detection

The Paypers

Yuno has launched a new feature called Monitors, designed to detect and resolve payment anomalies in real time.

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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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The Most Powerful Women to Watch: No. 3, Florence Pourchet, BNP Paribas

American Banker

Pourchet's duties include deciding the types of corporate and institutional clients to attract in BNP Paribas' Latin American region and ensuring the bank has the right teams and products to serve them.

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HSBC launches new financing plan for SMEs in Hong Kong

The Paypers

HSBC has decided to roll out a financing plan worth HKD 5 billion (USD 641 million) aimed at helping small and medium-sized enterprises (SMEs) in Hong Kong.

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The Most Powerful Women to Watch: No. 6, Lori Heinel, State Street Global Advisors

American Banker

Heinel is the first female global chief investment officer at State Street Global Advisors, the world's fourth-largest asset manager.

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Temenos partners with Bahwan CyberTek

The Paypers

Temenos has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek in order to provide customers optimised local functionality and service capability.

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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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The Most Powerful Women to Watch: No. 1, Hope Holding Bryant, First Citizens

American Banker

Vice Chair Hope Holding Bryant played a key role in the bank's acquisition of Silicon Valley Bank.

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Cross River and Forward launch Payouts-As-A-Service for developers

The Paypers

Cross River Bank and Forward have joined forces to tackle significant payment obstacles that impede SaaS growth by offering Embedded Payment solutions.

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The Most Powerful Women to Watch: No. 5, Barbara Mariniello, Barclays

American Banker

Since she was elevated to her current role roughly 18 months ago, Mariniello has continued to balance emerging opportunities with implementing long-term growth initiatives.

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Movers and Shakers: Exec changes at TD

BankInovation

TD Bank announced a flurry of executive changes, including the retirement of its chief executive and the CEO of TD Securities. Riaz Ahmed, group head of wholesale banking and president and Chief Executive of TD Securities, will retire in January after three decades at the bank, a Sept. 19 release stated. “Riaz has helped define […] The post Movers and Shakers: Exec changes at TD appeared first on Bank Automation News.

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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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Oportun to sell credit card business, aims to boost performance

American Banker

The company has signed an agreement to sell Continental Finance its entire card portfolio.

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Q&A with Jack Henry’s Jonathan Baltzell on efficiency gains

BankInovation

Financial institutions are investing in tech to drive efficiency among market pressures to increase deposits. According to Jack Henry’s 2024 Strategy Benchmark report, increasing operational efficiency is a top strategic priority for banks and credit unions over the next two years. The survey was conducted in January and February and included responses from 127 bank […] The post Q&A with Jack Henry’s Jonathan Baltzell on efficiency gains appeared first on Bank Automation News.

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The Most Powerful Women to Watch: No. 9, Liz Wolverton, Synovus

American Banker

Wolverton is in her third year leading consumer banking and brand experience at the Columbus, Georgia, bank. The $60 billion-asset Synovus is Georgia's largest bank.

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EIB backs Nexi with EUR 220 mln for digital payments innovation

The Paypers

The European Investment Bank (EIB) has provided EUR 2020 million in financing to paytech Nexi to support innovation in the European digital payments sector.

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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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The Most Powerful Women to Watch: No. 2, Melissa Stevens, Fifth Third Bank

American Banker

Stevens' expansive role at the Cincinnati-based lender includes head of enterprise workplace services, which puts her in charge of Fifth Third's properties.

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PayPal expands cryptocurrency capabilities for US merchants

The Paypers

US-based PayPal has announced that US merchants can now buy, hold, and sell cryptocurrency directly through their PayPal business accounts.

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The Most Powerful Women to Watch: No. 11, Krista Snelling, Santa Cruz County Bank

American Banker

Snelling joined the bank in March 2021 from Five Star Bank in Sacramento, California, where she had been chief financial officer for five years.

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Fincra launches its Multicurrency Account API

The Paypers

Fincra has announced the launch of its Multicurrency Account API, which was developed in order to aid global transactions across the region of Africa.

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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.