Thu.Nov 07, 2024

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Fintechs need to be more proactive about regulatory compliance

American Banker

The Synapse failure and recent enforcement actions make it clear that fintechs need to up their regulatory compliance game. At the same time, they have an opportunity to help shape future rules.

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How Trump’s administration may rework payments policies

Payments Dive

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

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Sir John Nott obituary

TheGuardian

Defence secretary in Margaret Thatcher’s cabinet during the Falklands war The reputation of John Nott, who has died aged 92, will for ever be linked with the Falklands war of 1982. Nott was the defence secretary in Margaret Thatcher ’s first administration and was extremely fortunate politically to survive one of Britain’s gravest postwar crises – yet it effectively ended his ministerial career.

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Paze gets new leader amid slow start

Payments Dive

Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service.

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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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FTC sues fintech company Dave

The Paypers

FTC has filed a complaint against Dave for seldom providing the advertised loan amounts and charging consumers a "tip" without an opt-out option.

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More Trending

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FTC sues fintech company Dave

The Paypers

FTC has filed a complaint against Dave for seldom providing the advertised loan amounts and charging consumers a "tip" without an opt-out option.

Company 68
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Cross River drops lawsuit against Fiserv unit

Payments Dive

The Fort Lee, New Jersey-based lender dismissed a lawsuit that it had filed against First Data Merchant Services last year.

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dLocal and Viva Aerobus expand payment options

The Paypers

dLocal , a cross-border payment platform, has announced a partnership with Viva Aerobus , a rapidly growing low-cost airline in the Americas.

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CFPB sanctions Navy Federal for improper overdraft fees

American Banker

The giant, Vienna, Virginia-based credit union will pay tens of millions of dollars in refunds and fees for overdraft practices its federal regulator labeled "deceptive and unfair.

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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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Nium partners with Partior for real-time cross-border payments

The Paypers

Nium has announced its partnership with Partior in order to provide customers with real-time cross-border payments, clearing, and settlement.

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Block's stock tanks after revenue miss

American Banker

The payments company's third-quarter results came in $250 million below Wall Street's expectations, disappointing investors.

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HashKey Global to initially List HSK, the HashKey Platform Token

The Paypers

Licensed digital asset exchange platform HashKey Global has announced the launch of the initial listing of the HashKey Platform Token (HSK).

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Judge approves TD Bank plea deal, including five years of probation

American Banker

The plea agreement, which includes a fine of more than $1.4 billion, penalizes TD for systemic money laundering violations. "We have the ability to profit, and we should be able to profit, but not at the expense of the law," said U.S. District Judge Esther Salas.

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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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GoCardless expands partnership with Big Red Cloud for payment solutions

The Paypers

Bank payment company GoCardless has expanded its collaboration with Big Red Cloud, a cloud accounting software provider.

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FICO confirms price hike for 2025

American Banker

FICO's wholesale royalty will be $4.95 per score for mortgage originations, it announced. That's up from $3.25, which is the current cost of a mortgage credit score.

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MAS advances tokenisation efforts in financial services

The Paypers

The Monetary Authority of Singapore (MAS) has outlined new initiatives to further integrate tokenisation within financial markets.

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Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift

The Financial Brand

This article Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift appeared first on The Financial Brand. ServiceNow’s Brian Solis explains how leaders can move beyond simply automating existing processes to fundamentally reimagine business in an AI-driven world. This article Beyond Automation: Brian Solis on Why Leadership Requires a Complete Mindshift appeared first on The Financial Brand.

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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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Mastercard joins Buna to boost MENA payments

The Paypers

Mastercard has joined Buna to enhance cross-border payments in MENA, offering faster, more transparent, and cost-effective transactions for businesses and consumers.

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Citizens to pair AI agents with automation to improve productivity

American Banker

AI agents can help route tasks and make decisions along the way, but a human in the loop will still be needed to ensure effectiveness.

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MAS and Banque de France trial post-quantum cryptography to secure financial communications

The Paypers

The Monetary Authority of Singapore has partnered with the Banque de France to test new protections to shield financial communications and data from potential quantum computing risks.

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What It Takes for Financial Websites to Punch Above Their Weight

The Financial Brand

This article What It Takes for Financial Websites to Punch Above Their Weight appeared first on The Financial Brand. From TikTok to AI, modern banking websites must evolve beyond basic service portals. Learn how financial institutions can transform their sites into powerful lead generators. This article What It Takes for Financial Websites to Punch Above Their Weight appeared first on The Financial Brand.

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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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Network International partners with Tabby to offer interest-free payments at POS

The Paypers

Network International has announced its partnership with Tabby in order to offer customers and businesses flexible, interest-free payments at point of sale.

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Changes coming to the Fed in a Trump presidency

American Banker

At a minimum, president-elect Donald Trump can make two appointments to the Federal Reserve Board of Governors and choose new leadership. But more substantial changes could be in the offing.

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Visa expands QR cross-border payments

The Paypers

Visa has announced collaborations with several QR payment providers to allow consumers to use their digital wallets for point-of-sale QR payments when traveling abroad.

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Powell says he won't step down and Trump can't make him

American Banker

The Federal Reserve's top official was emphatic that he and other leaders on the Board of Governors cannot be dismissed or demoted at will by the president.

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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.