Wed.Nov 06, 2024

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10 Themes From Money 20/20 USA

South State Correspondent

The spectacle that is Money 20/20 went down last week, and it did not disappoint. Money 20/20 is likely the conference with the lowest conference-attendee-to-session-attendee ratio in the industry. The conference is all about sales, partnerships, and deal-making, with 2024 being right at the baseline. This year was less exuberant than 2022 but more strategic than any year we can remember in the past.

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Fiserv exec opens up on Walmart, DoorDash partnerships

Payments Dive

Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

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AI Regulations for Financial Services: SEC

Perficient

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.

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Why do US banks persist in breaching AML regulations?

American Banker

An uptick in fines associated with anti-money-laundering failures demonstrates that U.S. banks still have much work to do in terms of optimizing their internal systems to identify and stop the flow of dirty money.

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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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TerraPay partners with Suyool to boost financial accessibility in Lebanon

The Paypers

TerraPay , a global money movement company, has partnered with Suyool , a financial ecosystem regulated by Banque du Liban, to improve financial accessibility in Lebanon.

More Trending

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BCA Syariah adopts Thought Machine's banking platform

The Paypers

BCA Syariah , a subsidiary of Bank Central Asia that offers Islamic banking services, has announced that it adopted Thought Machine ’s cloud-native core banking platform, Vault Core.

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Controversial bid for Territorial in Hawaii wins shareholder backing

American Banker

The Honolulu-based seller had faced pushback from an investor group that stepped in with a competing offer. But it ultimately secured enough votes to approve the sale to Hope Bancorp.

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The Importance of Teaching Teens About Fraud

Image Works Direct

When you’re an adult, it’s easy to forget that what seems like common sense to you can be completely novel to kids. This is called the “curse of knowledge” – an unconscious bias where you assume that others probably already know what you know.

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Lawsuit: Lendistry, Plaid and Qualified violated consumer data rights

American Banker

A complaint brought by accounting firm Onisko & Scholz challenges data sharing activities common to data aggregators, banks and fintechs.

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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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Fexco expands in the Philippines with Maya DCC

The Paypers

Maya has announced the rollout of Fexco ’s dynamic Currency Conversion (DCC) across its extensive network of merchants in the Philippines, via Maya Business.

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Guild Mortgage takes earnings hit from servicing portfolio

American Banker

Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.

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dLocal partners with inDrive to offer ride-hailing access in Pakistan

The Paypers

Cross-border payment platform dLocal has announced its partnership with inDrive in order to optimise ride-haling access for customers in the region of Pakistan.

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The 24-Hour Culture Makeover: Transform Your Organization into a Powerhouse of Growth & Profitability [VIDEO]

The Emmerich Group

Many of us dream of working in an environment that energizes us and is surrounded by competence. In this episode, I’ll discuss how you can improve your organization’s culture —the leading predictor of future growth and profitability—in just a matter of days. Regardless of your current culture situation, the following four-step approach can help you dramatically improve it in just a few weeks.

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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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Alipay+ and PayPay expand their collaboration

The Paypers

Cross-border digital payment provider Alipay+ has expanded its collaboration with PayPay to broaden the latter’s merchant coverage network across Japan.

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Why Banks Should Rethink ‘Every Company is a Software Company’

The Financial Brand

This article Why Banks Should Rethink ‘Every Company is a Software Company’ appeared first on The Financial Brand. A decades-long focus on advanced digital technologies – most recently, AI – has distracted many leaders and diverted resources from the core capabilities that drive banking performance. This article Why Banks Should Rethink ‘Every Company is a Software Company’ appeared first on The Financial Brand.

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Fenergo partners with Boerse Stuttgart Digital

The Paypers

Boerse Stuttgart Digital , a cryptocurrency infrastructure provider, has partnered with Fenergo , an AI-powered solution for KYC and transaction monitoring.

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High-Performing Credit Unions All Share This One Trait — And It’s Critical to Loan Growth

The Financial Brand

This article High-Performing Credit Unions All Share This One Trait — And It’s Critical to Loan Growth appeared first on The Financial Brand. Credit unions targeting loan growth in 2025 must master digital integration and embedded lending to meet consumers at their moment of need, research shows. This article High-Performing Credit Unions All Share This One Trait — And It’s Critical to Loan Growth appeared first on The Financial Brand.

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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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iProov joins Biometrid to advance digital identity verification

The Paypers

Biometric identity solutions provider iProov has partnered with Biometrid to advance digital identity verification solutions in Portugal and other regions.

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Presidential race remains tight leading into Wednesday morning

American Banker

Former President Donald Trump showed strength in most of the battleground states, but most of the critical swing states remained too close to call as of early Wednesday morning.

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Melio secures USD 150 million in Series E funding

The Paypers

Melio , a platform of accounts payable and receivable for SMEs, has secured USD 150 million in Series E funding, reaching a valuation of USD 2 billion.

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Company behind cash-advance app takes Election Day roller-coaster ride

American Banker

Los Angeles-based Dave got sued Tuesday by the Federal Trade Commission. Its stock price briefly plunged before soaring in the wake of Donald Trump's election.

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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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Melio secures USD 15 million in Series E funding

The Paypers

Melio , a platform of accounts payable and receivable for SMEs, has secured USD 150 million in Series E funding, reaching a valuation of USD 2 billion.

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Trump win likely to delay Basel III, imperil Biden bank regulation

American Banker

Experts anticipate that Trump's victory and expected shifts in regulatory leadership will delay finalizing Biden-era capital rules for large banks, with new officials likely favoring a less stringent Basel III framework and softer capital requirements.

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Lili connect: simplifying finance for small businesses

The Paypers

Lili has introduced Lili Connect, an Embedded Finance integration aimed at simplifying banking, accounting, and tax management for small businesses.

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Trump will change the CFPB's course — but how much is unclear

American Banker

President Trump initiated changes at the Consumer Financial Protection Bureau in his first term, and the industry's frustration with the bureau has grown since he left office. But how far a second Trump administration can or will go depends on factors outside the president's control.

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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.