Fri.Sep 27, 2024

article thumbnail

Avoiding banking transformation pitfalls

ATM Marketplace

A panel at the Bank Customer Experience Summit addressed how to avoid banking transformation pitfalls

article thumbnail

Fiserv, Wells Fargo to end joint venture

Payments Dive

The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

Payments 284
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo applies vendor tech across business lines

BankInovation

Wells Fargo looks across all of its business lines when making investment decisions and selecting technology vendors. For the $1.7 trillion bank, working with vendors is “about the direction of the firm, our customer-forward focus and then thinking about intention and modernizing our core infrastructure,” Jazz Samra, head of strategic partnerships and innovation initiatives, told […] The post Wells Fargo applies vendor tech across business lines appeared first on Bank Automation News.

article thumbnail

Mastercard partners with ZOOD

The Paypers

Mastercard has announced its partnership with ZOOD in order to launch the first virtual BNPL card for customers and clients in the region of Uzbekistan.

article thumbnail

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.

article thumbnail

Lenders tap AI to serve niche market segments

BankInovation

Banks have traditionally been the lenders of choice for small businesses, but there are alternatives — at least in the legal industry. Alternative asset management firm Legalist, which has $1 billion assets under management, is tapping AI within the origination process to offer litigation finance to its clients, Eva Shang, general partner and chief executive […] The post Lenders tap AI to serve niche market segments appeared first on Bank Automation News.

More Trending

article thumbnail

OpenAI projects $5B loss on $3.7B revenue | Meta unveils Orion AR glasses | Visa to acquire payment fraud firm Featurespace in $1B takeover

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 OpenAI projects $5B loss on $3.7B revenue | Meta unveils Orion AR glasses | Visa to acquire payment fraud firm Featurespace in $1B takeover appeared first on Bussmann Advisory AG.

Fraud 52
article thumbnail

Stripe expands its presence in Toronto

The Paypers

Stripe , a financial infrastructure platform designed for businesses, has launched its new flagship office in Toronto as part of its expansion efforts.

69
article thumbnail

PayPal's solution for AI scalability? Partners

American Banker

As the company bolsters artificial intelligence-powered point of sale and battles other fintechs and the card networks, getting a boost with distribution has become a major priority.

Fintech 60
article thumbnail

Robinhood explores launching its own stablecoin

The Paypers

Robinhood Markets has announced that it is exploring launching its own stablecoin, a type of crypto designed to maintain stable value.

article thumbnail

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

article thumbnail

Cookie credit sweetens Utah bank's strong loan growth

American Banker

A recent deal with a gourmet cookie franchise highlights the business that Ogden-based TAB Bank has built lending to companies other banks shy away from.

Utah 57
article thumbnail

Visa plans to acquire Featurespace

The Paypers

Multinational payment card services corporation Visa has announced that it signed a definitive agreement to proceed with the acquisition of Featurespace.

Cards 41
article thumbnail

Facts, not bias, should determine the FDIC's brokered deposit rule

American Banker

The Federal Deposit Insurance Corp.'s proposed rule on brokered deposits would be a step backwards for the agency and the industry it regulates.

FDIC 57
article thumbnail

Justt announces a partnership with Ravelin

The Paypers

Justt , an AI-powered chargeback mitigation provider, has announced a partnership with Ravelin , a company specialising in AI-based fraud detection solutions.

Fraud 36
article thumbnail

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.

article thumbnail

Why banks are siding with the Fed in Custodia master account suit

American Banker

Top banking trades have thrown their support behind the central bank's argument that it has discretion over access to its payments systems. Custodia is seeking to appeal a lower court ruling that affirmed that discretion.

System 45
article thumbnail

Citi partners with Apollo to lend USD 25 bln

The Paypers

Citigroup has announced a partnership with Apollo in an initiative to lend up to USD 25 billion to private equity groups and low-rated companies in the US.

Lending 36
article thumbnail

What a Chime IPO would mean for banks and fintechs

American Banker

As a public company, the neobank would have the capital support to keep growing quickly. It would also have to rein in costs and show a profit.

Fintech 45
article thumbnail

Vista Point obtains USD 227 million closed end second mortgage securitisation

The Paypers

Vista Point has closed its USD 227 million securitisation, with the company acquiring and originating over USD 5.8 billion in nonagency residential loans.

Company 36
article thumbnail

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.

article thumbnail

Investor group ups Territorial offer; Lightspeed Commerce seeks buyer

American Banker

Blue Hill Advisors and former Bank of Hawaii CEO Landon up their per-share cash offer to buy Territorial Bancorp; Montreal-based payments firm Lightspeed Commerce puts itself on the market; Societe Generale hires ex-UBS banker Jansen as the bank's West Coast co-head; and more in this week's banking news roundup.

Hawaii 36
article thumbnail

VARA strengthens marketing rules for virtual assets in Dubai

The Paypers

The Virtual Assets Regulatory Authority (VARA) has updated its marketing regulations for VASPs in Dubai to enhance transparency and consumer protection.

article thumbnail

Umpqua pushes into winery banking during industry's crunch

American Banker

First Republic's failure last year left its wine bankers available for poaching. The group joined Umpqua Bank, whose expansion in the wine business comes at a tricky time for the industry.

article thumbnail

Hilton launches hotel loyalty debit cards

The Paypers

Hilton, a global hospitality leader, has launched the Honors debit card and Hilton Honors Plus debit card in the UK in collaboration with Currensea.

Cards 36
article thumbnail

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.

article thumbnail

Home Loan Banks must look at members' finances, not just collateral: FHFA

American Banker

The Federal Housing Finance Agency issued guidance to ensure the Federal Home Loan Banks are lending based on the credit worthiness of the member bank, not solely on the quality of the collateral.

Lending 36
article thumbnail

10x Banking report highlights core banking challenges

The Paypers

Cloud-native core banking platform provider 10x Banking has published the findings of its new Core Banking without Compromise research report.

Report 36
article thumbnail

9 Critical Leadership Lessons from Top META Marketing Exec

The Financial Brand

This article 9 Critical Leadership Lessons from Top META Marketing Exec appeared first on The Financial Brand. Tech marketing leader Eshan Ponnadurai shares insights from META, Google, and Uber, offering incisive perspectives for bank marketers in the digital age. This article 9 Critical Leadership Lessons from Top META Marketing Exec appeared first on The Financial Brand.

article thumbnail

Kriya integrates with Stripe for flexible B2B payments

The Paypers

Kriya , a provider of B2B payment solutions, has launched an integration with Stripe , a financial infrastructure platform for businesses.

article thumbnail

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.