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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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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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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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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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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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.

More Trending

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Payments without borders: using ISO 20022 to identify cross-border payments in CHAPS

BankUnderground

James Duffy and James Sanders Understanding a payment’s journey around the globe can be difficult. As the operator of the UK’s high-value payment system ( CHAPS ), the Bank is all too familiar with this challenge. By leveraging the benefits of the newly introduced ISO 20022 standard for messaging, we have devised a new methodology to identify and classify cross-border CHAPS payments more effectively.

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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. 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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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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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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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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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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DOJ's Visa debit suit threatens to upend revenue models

American Banker

Interchange fees and financial incentives for merchants, banks and mobile wallets could come under pressure if the government forces the card brand to alter its policies.

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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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Is Your Current Card Platform Holding You Back?

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

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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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Klarna launches its payment methods on Adyen's in-store terminals

The Paypers

AI-enabled global payments network Klarna has announced the upcoming availability of its payment methods on Adyen ’s in-store terminals across Europe, North America, and Australia.

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FTC takes action against five companies using AI in fraudulent ways

American Banker

Three of the companies that were part of the FTC's sweep, Operation AI Comply, charged consumers to open online storefronts that generated little money compared to what was promised.

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Ant International teams up with Himalayan Bank

The Paypers

Global digital payment and financial technology provider Ant International has entered into a strategic partnership with Himalayan Bank to scale Alipay+ acceptance in Nepal.

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3 Ways Managed Device Services Help Community Banks Cut Costs

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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Wells Fargo sends Fed a crucial review for lifting asset cap

American Banker

The San Francisco-based bank has submitted a third-party review of its risk and control overhauls for the central bank's analysis and sign-off, according to people familiar with the matter.

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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.

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Top bankers chase a big payday by defecting to private credit

American Banker

Goldman Sachs Group Inc.'s Luke Gillam and Bank of America Corp.'s Murad Khaled, set to join AlbaCore Capital and Apollo Global Management, are the latest in a growing list of top bankers to make the leap.

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DailyPay, WorkJam partner to provide earned wage access to frontline workers

The Paypers

US-based worktech specialising in EWA DailyPay has entered into a strategic partnership with WorkJam to enable frontline employers to increase engagement and retention.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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The Most Powerful Women to Watch: No. 15, Kim Posnett, Goldman Sachs

American Banker

Posnett climbed the ranks of Goldman through her positions as co-head of internet investment banking and co-chief operating officer of the tech, media and telecom group. Before her current role, she led global investment banking services.

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Paymentology and ViaCarte augment payments in Latin America

The Paypers

Paymentology , a global issuer-processor, has partnered with payment platform ViaCarte to revolutionise payments across Latin America and the Caribbean.

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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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Trulioo and Airwallex expand their partnership

The Paypers

Trulioo , a provider of identity verification services, has announced an expansion of its ongoing partnership with Airwallex , a global payments and financial services platform.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.