Fri.Oct 25, 2024

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Give Back at Jack: Making a Difference in Our Communities

Jack Henry

At Jack Henry™, our mission is fueled by three guiding principles: do the right thing, do whatever it takes, and have fun. This commitment is core to our corporate citizenship and philanthropy efforts – particularly our Give Back at Jack campaign.

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Perficient Named in Forrester’s App Modernization and Multicloud Managed Services Landscape, Q4 2024

Perficient

As new technologies become available within the digital space, businesses must adapt quickly by modernizing their legacy systems and harnessing the power of the cloud to stay competitive. Forrester’s 2024 report recognizes 42 notable providers– and we’re proud to announce that Perficient is among them. We believe our inclusion in Forrester’s Application Modernization and Multicloud Managed Services Landscape, Q4 2024 reflects our commitment to evolving enterprise applications and managing multic

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Challenges shaping North American banks’ payments tech investments

Accenture

The payments industry is evolving rapidly, driven by changing consumer and commercial needs. Payments executives are grappling with rising costs, shrinking margins and emerging technologies like generative AI, prompting a reevaluation of their strategies. The key question is: What tech investments should be prioritized to stay competitive? Our new research, based on insights from 326… The post Challenges shaping North American banks’ payments tech investments appeared first on Accenture Ba

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Illinois should abandon interchange law

Payments Dive

“Illinois has made a hasty decision that, if implemented, would have government change our payments system that functions so well that we barely notice it,” writes a trade group CEO.

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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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Consumers win UK car finance case that could lead to billions in compensation

TheGuardian

Judges in test case rule it was unlawful for lenders to pay commission to car dealers without borrowers’ knowledge Consumers have won a landmark car finance mis-selling case that could pave the way for companies to be forced to pay billions of pounds in compensation to borrowers. On Friday, judges from the court of appeal ruled in favour of three borrowers whose cases were merged earlier this year, saying it was unlawful for lenders to have paid a commission to car dealers without the borrowers’

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The big pay-by-bank projects launching right now

American Banker

Card networks, fintechs and Walmart have started major account-to-account payment initiatives in the past few weeks.

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Finix eyes competition with rivals like Stripe

Payments Dive

The payment processor said Thursday that it raised $75 million and is seeking to grab a bigger slice of a payments market dominated by larger rivals.

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FDIC cites three Texas banks over risk management, liquidity

American Banker

The Federal Deposit Insurance Corp. and Texas banking regulators issued consent orders against Industry State Bank, Fayetteville Bank, and Citizens State Bank requiring major overhauls of their management, capital, and risk controls.

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foodpanda teams with Fiserv to facilitate secure ecommerce payments

The Paypers

Fiserv , a worldwide provider of payments and financial services technology solutions, has revealed a strategic partnership with foodpanda.

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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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Compliance is banking's superpower; that goes double in an era of AI

American Banker

Banks' compliance teams have often been the source of innovative technologies with applications far beyond financial services. That is likely to hold true with artificial intelligence-related compliance solutions.

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Nigeria drops money-laundering case against Binance executive

The Paypers

Nigeria’s Economic and Financial Crimes Commission ( EFCC ) has dismissed a money-laundering case against Tigran Gambaryan, a senior executive at Binance.

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HSBC Restructures with First Female CFO | Apple Unveils AI with ChatGPT Integration | Apple & Goldman Fined $89M over Apple Card Missteps

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 HSBC Restructures with First Female CFO | Apple Unveils AI with ChatGPT Integration | Apple & Goldman Fined $89M over Apple Card Missteps appeared first on Bussmann Advisory AG.

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UK leads European crypto economy with USD 217 bln on-chain

The Paypers

Recent data from the blockchain analysis firm Chainalysis highlights that the UK holds the largest cryptocurrency economy in Central, Northern, and Western Europe (CNWE).

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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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Gender equality continues to progress, U.S. Bancorp's Gujan Kedia says

American Banker

The president of U.S. Bancorp reflected on the progress women have made, and the work left to do, at American Banker's Most Powerful Women in Banking gala.

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Prelim integrates with Q2's digital banking platform

The Paypers

Prelim has announced its integration with Q2 ’s Digital Banking Platform via the Q2 Partner Accelerator Program.

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Associated Bank's hiring push yields loan pipeline growth

American Banker

The Green Bay, Wisconsin-based bank said the 16 lenders it's added have helped drive meaningful loan pipeline growth, and that another 10 new hires are expected by early next year.

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Socure acquires Effectiv for USD 136 million

The Paypers

AI and digital identity verification provider Socure has signed its agreement to acquire Effectiv , a real-time risk decisioning firm, for USD 136 million.

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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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Cambridge Savings' Ivy Bank unit crests $1 billion in digital deposits

American Banker

Executives at the Boston-area mutual bank said its digital-only division's growth is accelerating, even as more banks enter the space.

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Visa's biannual report highlights evolving scams and financial threats

The Paypers

Visa has released its State of Scams: Fall 2024 Biannual Threats Report, revealing recent developments in scams and threats targeting banks and consumers.

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New York Community's loss wider than expected

American Banker

A 42% drop in net interest income, continued costs from its merger with Flagstar Bank and the sale of its mortgage warehouse business weighed on the third-quarter results.

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Finset teams up with ID-Pal to combat AI-Driven Identity Document Fraud

The Paypers

Finset , a car financing platform, has teamed up with identity verification provider ID-Pal to incorporate an AI document fraud detection feature, ID-Detect.

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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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A complete guide to the CFPB's open banking rule

American Banker

The rule, finalized Tuesday, enables consumers to share their financial data with third parties. Here are the implications for banks.

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Embedded Finance's adoption in the US surpasses Europe

The Paypers

PSE Consulting and TSG have published new research tracking the current levels of adoption of Embedded Finance in Europe and the US.

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The Churn Challenge: Four Big Ideas for Banks and Credit Unions Looking to Drive Down Attrition

The Financial Brand

This article The Churn Challenge: Four Big Ideas for Banks and Credit Unions Looking to Drive Down Attrition appeared first on The Financial Brand. Learn how banks are fighting 15% annual customer churn with data-driven strategies, from smart onboarding to multichannel marketing that delivers 1,344% ROI. This article The Churn Challenge: Four Big Ideas for Banks and Credit Unions Looking to Drive Down Attrition appeared first on The Financial Brand.

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FCA cracks down on finfluencers over illegal financial promotions

The Paypers

Britain's Financial Conduct Authority (FCA) has interviewed 20 social media influencers to address the potential illegal promotion of financial products on social media.

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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.