Fri.Aug 30, 2024

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Pine Labs partners with Visa

The Paypers

Pine Labs has announced with Visa in order to scale digital payments acceptance and further India’s vision of an improved and developed digital economy.

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Earned wage access: Following states that have passed laws, or have legislation pending

Payments Dive

States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.

Industry 272
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FHLB reform: Implications for financial institutions

Abrigo

Prepare now for potential changes to FHLBs Capital rules and membership criteria are among the areas where banks could see changes in how the Federal Home Loan Bank system operates. You might also like these popular resources on interest rate risk, liquidity, and CECL. See resources Takeaway 1 The FHLB system faces potential changes in its structure, operations, and mission that could affect financial institutions.

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PayPal joins group investing $15M in Brazilian startup

Payments Dive

The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in the country.

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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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Allpoint ATM 101: Key facts to know

ATM Marketplace

Here are a few key facts to known about Allpoint ATMs and other surcharge-free ATM networks.

ATM 89

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How Mastercard taps AI, open banking to predict ACH payment success

BankInovation

Mastercard is looking to AI and open banking for transaction monitoring, data standardization, and even to predict payments success. “We are very cautious and safe in the way we use AI” throughout the institution,” Jess Turner, head of global open banking and API at Mastercard, said Aug. 28 at Fintech South 2024 in Atlanta. Mastercard […] The post How Mastercard taps AI, open banking to predict ACH payment success appeared first on Bank Automation News.

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Community banks are a vital anchor in turbulent economic times

American Banker

It's unclear what will happen when the Fed starts cutting interest rates, but community banks will be there to support their customers no matter what the economy looks like.

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Marqeta innovates to expand client base

BankInovation

Card issuing platform Marqeta is looking to innovation in a bid to woo fintechs and businesses to diversify its revenue streams. “The environment is changing for fintech,” Todd Pollak, chief revenue officer at Marqeta, told Bank Automation News. “That means our higher strategy is evolving to think about what capabilities do we need, what compliance […] The post Marqeta innovates to expand client base appeared first on Bank Automation News.

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How a Black-owned bank went from 'life support' to 'explosive growth'

American Banker

CEO Dominik Mjartan is stepping down after Optus Bank increased its assets more than 1,000% over seven years.

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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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Big Tech’s Secret AI Acquisitions | Apple’s FinTech Push | X’s New ‘Payments’ Feature

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space. The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com The post Big Tech’s Secret AI Acquisitions | Apple’s FinTech Push | X’s New ‘Payments’ Feature appeared first on Bussmann Advisory AG.

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AI troubles, Mastercard layoffs: Top tech news August 2024

American Banker

In August's roundup of top tech news: Banks and retailers wrestle with the unseen consequences of artificial intelligence, Mastercard lays off roughly 3% of its workforce and more.

Retail 53
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Crypto.com offers PayPal as payment option

The Paypers

Digital asset exchange Crypto.com has announced the integration of PayPal as a payment method when purchasing cryptocurrencies on its platform.

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July PCE reading bolsters outlook for Fed rate cut

American Banker

The Federal Reserve's preferred measure of inflation held steady at 2.6% for the third month in a row, a positive reading that increases the odds of a September rate cut.

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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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AuthenticID launches Smart ReAuth biometric reauthentication

The Paypers

Identity verification provider AuthenticID has rolled out Smart ReAuth, a solution that uses a selfie to instantly re-confirm one’s identity.

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Document analysis and conversion company MoneyThumb acquired

American Banker

The company's software helps financial institutions convert PDFs into portable financial data formats, and scans PDFs for signs of fraud.

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Atleos launches bitcoin cashout feature at US ATMs

The Paypers

Atleos has introduced a new feature called LibertyX Bitcoin Cashout, which allows enrolled LibertyX customers to sell bitcoin and collect their cash at ATMs in US.

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Brazil's dynamic payments market attracts Airwallex

American Banker

The payments platform is preparing for expansion to a market that has a fast-growing real-time transaction rail, making the country a hot spot for international investment.

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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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OKX: digital assets seen as key opportunity for institutions

The Paypers

Crypto exchange OKX releases research which highlights institutional investors' view on digital assets, highlighting an increase in institutional-grade adoption

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Why the soon-to-be biggest CRE servicer sees hope for the sector

American Banker

Trimont CEO Bill Sexton acknowledges that a "daunting" volume of commercial real estate loans need to be refinanced in the next few years. But he says nonbank lenders are well equipped to provide financing that will allow troubled buildings to be reimagined.

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Lemon and WiserFunding to speed up SMB credit decisions

The Paypers

Lemon has entered into a partnership with WiserFunding , a provider of alternative data for credit risk assessment, to expedite credit decisions for SMBs.

Data 36
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Six technology C-suite changes at banks, fintechs in August

American Banker

Truist, TAB Bank and MoneyGram headlined some of the biggest changes in executive leadership in the banking, fintech and payments industries.

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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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OPEN partners with NPCI Bharat BillPay Limited

The Paypers

Indian fintech platform for SMEs OPEN has partnered with NPCI Bharat BillPay Limited in order to launch the Bharat BillPay for businesses and clients in the region.

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FDIC votes to outsource executive conduct probes despite pushback

American Banker

The FDIC Board voted to have another federal agency handle investigations of senior leaders based on allegations unearthed in an independent review published this spring. The move is aimed at ensuring accountability, but was criticized for potential delays.

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Frank leverages iDenfy's ID verification to optimise security

The Paypers

Lithuania-based regtech solution provider iDenfy has announced a strategic collaboration with Frank to support the latter in mitigating fraudulent activities on its transportation platform.

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City National's new branch, Fiserv expands tech alliance with PayPal

American Banker

City National Bank plans a new branch in California that fulfills one of its settlement obligations with the DOJ; Fiserv and PayPal expand their tech collaboration; Banc of California's Monica Sparks steps down; and more in this week's banking news roundup.

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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.