Fri.Mar 15, 2024

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CFPB warns of ‘dangers’ on standards for open banking

Payments Dive

“We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.

Industry 404
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Protecting an ATM's hardware, software by slowing down criminals

ATM Marketplace

How can operators delay or frustrate ATM attacks long enough to be effective?

ATM 111
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Fintech founder backs Google, Apple

Payments Dive

“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.

Google 243
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Regulators are taking on nonbanks — a little bit at a time

American Banker

As nonbank entities expand their market share in many traditional banking services and are increasingly intertwined in the banking system, regulators' approach to leveling the playing field has been incremental and situational.

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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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Fiserv searches for ‘tuck-in type’ deals

Payments Dive

Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.

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CFPB and plaintiffs fully brief motion for preliminary injunction in trade group lawsuit regarding final credit card late fee rule

CFPB Monitor

The Consumer Financial Protection Bureau (“CFPB”) filed an opposition brief (the “Opposition”) on Tuesday in response to a request by plaintiff trade groups to enjoin the CFPB’s final credit card late fee rule (the “Final Rule”) during the pendency of a lawsuit seeking to invalidate the Final Rule. In the Opposition, the CFPB argues that plaintiffs are unlikely to succeed on the merits, and that the Final Rule is consistent with the CARD Act’s mandate that late fees be “reasonable and proportion

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Unravelling the Psychology of Money: Understanding Our Spending, Saving, and Investing Behaviours

BankBazaar

Ever wondered why you splurge on things you don’t need or why your impulse buys or saving strategies are shap ed the way they are? Dive into the world of psychology of money with us to find out more! In the labyrinth of personal finance, our decisions are often guided not just by numbers and logic, but by other factors, like tradition, information available to us and the avenues of risk we are willing to take.

US 78
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Fintechs look to megabanks a year after SVB collapse

BankInovation

Fintechs are looking to legacy banks with strong portfolios to provide seamless onboarding and digital capabilities following the regional banking crisis last year.

Fintech 77
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Wilmington Trust's Doris Meister on a career in wealth management: The Climb

American Banker

Meister, chair and CEO of the M&T division, considers herself a "builder-fixer" and has sought out new challenges and opportunities throughout her more than 30 year-career.

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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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Grasshopper CEO previews faster check clearance

BankInovation

Digital Grasshopper Bank will roll out an improved check-clearing process this year to streamline the time between depositing a check and gaining access to the funds.

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CellPoint Digital partners with La Compagnie

The Paypers

CellPoint Digital has partnered with La Compagnie , a France-based airline, to help the later optimise its payment processes, lower transaction costs, and provide flexible payment options.

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APWHY? Public APIs, Automation, and The Strategy Banks Are Missing

BankInovation

We Were Promised Flying Cars In 2014, Gartner predicted over 75% of the Fortune 1000 would have public APIs by 2017. This number is way higher in 2024!

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Podcast: An NFL-player-turned-banker helping today’s student athletes

ABA Community Banking

Athletes make a lot of big financial decisions at fairly young ages. Brandon Ghee, a community banker and former NFL cornerback, discusses how Cogent Bank's sports and entertainment vertical comes alongside to help with this transition. The post Podcast: An NFL-player-turned-banker helping today’s student athletes appeared first on ABA Banking Journal.

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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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Bill to ban TikTok could have mixed results for banks

American Banker

Proposed legislation to force Bytedance to sell its U.S. operations of TikTok raises national security concerns and potential retaliation from Beijing.

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CDFI Fund received $1.55B in funding requests in 2024

ABA Community Banking

A total of 948 organizations from across the U.S. requested a combined level of approximately $1.55 billion in awards from the CDFI Fund in fiscal year 2024, which is more than three times the amount of available. The post CDFI Fund received $1.55B in funding requests in 2024 appeared first on ABA Banking Journal.

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GoCardless to acquire Nuapay

The Paypers

UK-based bank payment company GoCardless has announced its agreement to acquire Nuapay , with the transaction being subject to regulatory approvals.

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CFPB's latest overreach threatens to nationalize consumer finance

American Banker

The Consumer Financial Protection Bureau is preparing to pick winners and losers in the consumer lending market, stifling innovation and curtailing freedom of choice.

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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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Digital Mobility with Mobile Driver’s Licenses

Tomorrow's Transactions

Most people reading this will already know what an mDL is (a Mobile Driver’s License of course). That’s because it isn’t a new idea; it has been in development for roughly eight years now. What is new this year however is the development of the existing mDL standard to include remote presentation, an add-on functionality… Continue reading Digital Mobility with Mobile Driver’s Licenses The post Digital Mobility with Mobile Driver’s Licenses first appeared on Consult Hyperion.

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Are wearable payments coming back in style?

American Banker

Samsung and Curve are setting the groundwork for a return of smart rings and other devices that can turn top-of-wallet cards into a fashion accessory.

Samsung 45
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Vipps MobilePay launches new version of the app

The Paypers

Norway-based Vipps MobilePay has announced the launch of a new version of the MobilePay app to its Danish users, aiming to provide cross-border payments in the Nordics.

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Goldman closes GreenSky sale, and Synovus sees an edge

American Banker

Goldman Sachs is unloading the home improvement lending platform GreenSky after a misadventure in consumer finance. However, the consortium buying GreenSky plans to invest heavily in its growth, and Synovus says it's eager to deepen its partnership with the online lender.

Lending 41
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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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Chime offers in-app tax filing

The Paypers

US-based fintech Chime has expanded access to its free in-app tax filing pilot programme to more members.

Taxes 41
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Your Marketing Team Needs New Skills to Succeed Today. Here’s How to Implement Them

The Financial Brand

This article Your Marketing Team Needs New Skills to Succeed Today. Here’s How to Implement Them appeared first on The Financial Brand. Bank marketing teams will likely need to think outside the box to incorporate the necessary skills to succeed — and innovate — in this brave new world. This article Your Marketing Team Needs New Skills to Succeed Today.

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Nordic Capital to invest in One Inc

The Paypers

Sweden-based private equity firm Nordic Capital has announced its plans to join Great Hill Partners and become an investor in the digital payment platform One Inc.

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The Speed of the GenAI Revolution Is Creating a Regulatory Vacuum. What’s the Risk for Banks?

The Financial Brand

This article The Speed of the GenAI Revolution Is Creating a Regulatory Vacuum. What’s the Risk for Banks? appeared first on The Financial Brand. As banks charge ahead with GenAI, regulatory risk looms, thanks to slow agency rulemaking. This article The Speed of the GenAI Revolution Is Creating a Regulatory Vacuum. What’s the Risk for Banks? appeared first on The Financial Brand.

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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.