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.

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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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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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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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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.

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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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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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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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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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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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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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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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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.

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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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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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Sezzle and WebBank forge exclusive financing partnership

The Paypers

Sezzle , a BNPL company, has announced a strategic partnership with WebBank , designating WebBank as its exclusive bank for originating and financing products on the Sezzle platform.

Company 36
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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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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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Nigerian fintech loses nearly USD 317,200 previously retrieved from fraudsters

The Paypers

A Nigeria-based fintech, which initially lost USD 317,200 and supported customers in recovering the amount from fraudsters, has announced that the account in which the funds were stored was hacked into.

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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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TBC Bank Uzbekistan secures USD 25 million

The Paypers

Mobile-only financial institution TBC Bank Uzbekistan has secured USD 25 million from BlueOrchard , to further expand its ecosystem and facilitate financial inclusion.

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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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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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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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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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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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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.